Meeting Room - Recent Threads

German Market & Akkodis Pressure

Bruce Banner — Fri, 29 May 2026 13:42:36 GMT

What are the challenges and opportunities in the German market, particularly for Akkodis?

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Jason Lehman — Thu, 14 May 2026 04:19:17 GMT

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RE: anon post

Jason Lehman — Thu, 14 May 2026 13:48:41 GMT

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Jason Lehman — Thu, 14 May 2026 03:27:56 GMT

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Data Feed Test 01

Jason Lehman — Tue, 12 May 2026 21:52:07 GMT

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RE: Data Feed Test 01

Jason Lehman — Tue, 12 May 2026 21:58:14 GMT

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Impact of restrictions in Straits of Hormuz

SandyJayaraj — Wed, 11 Mar 2026 14:12:37 GMT

What the impacts on shipments to Asia from restrictions on shipping in the Straits of Hormuz?

ROI of NFL Sunday Ticket and Youtube TV

QnATest Buysider — Sun, 23 Nov 2025 23:56:51 GMT

Can you talk more about NFL Saturday Ticket and just what your key learnings were in year one? How are you thinking about the returns on the investment on both, from an advertising perspective and then also subscribers to both Sunday Ticket and YouTube TV?

RE: ROI of NFL Sunday Ticket and Youtube TV

QnATest Corporate — Sun, 23 Nov 2025 23:56:52 GMT

NFL Saturdayday Ticket supports our long-term strategy and really help solidify YouTube's position as a must-have app on everyone's TV set. We've received great feedback so far. People like the navigation, multiview, the chat, the lack of latency, a really, really positive feedback on this one.

RE: Slovenia impact

QnATest Corporate — Sun, 23 Nov 2025 22:52:58 GMT

The flooding? Aldi was not impacted. There were a very small impact. Of course, Aldi have some of the MQB cars. But the majority of the effect was brand group core. And within brand group core, the majority effect was brand Yolkswagen.

Slovenia impact

QnATest Buysider — Sun, 23 Nov 2025 22:52:57 GMT

Slovenia, did that impact Aldi as well as Yolkswagen? Or is it just those two brands? Or can you just explain a little bit more?

Product-related costs

QnATest Buysider — Sun, 23 Nov 2025 22:29:16 GMT

And on the product-related costs, my perception is that the problem is that not enough baskets are sold. And that basically is the cell producers, say, want compensation payments they come then maybe unexpected to you, to the whole industry, maybe, not just to Volkswagen, and that triggers basically an additional earnings burden. And should that mean also that for 2024, maybe the tailwind expected from product-related costs could be smaller than we all expect? So maybe some color on what you expect specifically for product-related costs then in 2024 as well.

RE: Product-related costs

QnATest Corporate — Sun, 23 Nov 2025 22:29:17 GMT

It is really too early to make really forecast there. We will give you a forecast when we release our financial results. But from today’s perspective, it’s basically always a year-over-year effect. And we are committed to further product improvement and we see really an improvement at aluminum at steel at lithium and other raw materials, which should have a mitigating effect there as well.

RE: Optionality and M&A deals

QnATest Corporate — Sun, 23 Nov 2025 22:06:20 GMT

Net debt to EBITDA is bang in the middle of our target range. I think as we look forward, that gives us optionality now in terms of how we think about enhancing in the best way total shareholder returns from here. Alongside all of the operational improvements that we’ve been making over the last couple of years, we have been refreshing our sort of M&A playbook and things that we would like to have within the portfolio that will accelerate our organic growth strategy. So, we are now more focused on that. I would hope that we can deploy capital in some bolt-on acquisitions over the next couple of years

Optionality and M&A deals

QnATest Buysider — Sun, 23 Nov 2025 22:06:18 GMT

Net debt to EBITDA is down at sort of 1.1 times. Obviously, it does give you a lot of optionality. As you go through 2024, the scope for M&A sort of bolt-on M&A has that increased? Do you think there’s more chance of deals in 2024?

Outlook on the sale of used equipment

QnATest Buysider — Sun, 23 Nov 2025 21:32:01 GMT

Could you comment on the outlook for the sale of used equipment? Quite a big year in 2024, do you think that was peak levels heading into '25?

RE: Outlook on the sale of used equipment

QnATest Corporate — Sun, 23 Nov 2025 21:32:02 GMT

Yes, they are. Now I think that's only to be expected, but not significantly so, but they're slightly below peak. So we will expect to have a healthy second half market next year, but we will be selling less in volume.

RE: M&A targets

QnATest Corporate — Sun, 23 Nov 2025 21:02:23 GMT

We think it’s across the whole portfolio. As we’ve talked about before, the way that we’re sort of thinking about acquisitions is can we identify assets that will accelerate the organic strategy that we have across the business. And that could be in technology, digital AI, as we did with Motion Metrics. It could be a regional infill, as it was with Carriere that required for ESCO and could be also product infills as well. So I wouldn’t say there’s one of those that is more likely than others, but I think we’re trying to push forward on all of those three fronts.

M&A targets

QnATest Buysider — Sun, 23 Nov 2025 21:02:22 GMT

Regarding M&A, do you have specific product categories in focus here, or are you looking across the whole portfolio?

Outlook on the sale of used equipment

QnATest Buysider — Sun, 23 Nov 2025 20:14:39 GMT

Could you comment on the outlook for the sale of used equipment? Quite a big year in 2024, do you think that was peak levels heading into '25?

RE: Outlook on the sale of used equipment

QnATest Corporate — Sun, 23 Nov 2025 20:14:40 GMT

RE: Margin growth in 2025

SandyJayaraj — Sun, 23 Nov 2025 15:56:13 GMT

As per our recent trading update, the largest margin expansion comes from Segment A driven by improvements in our raw material costs. Marginal improvements in local delivery costs offset rising financing costs in Segment B

Margin growth in 2025

SandyJayaraj — Sun, 23 Nov 2025 13:58:10 GMT

Can you elaborate on the mix in your margin growth forecast for 2025

2024 Full Year Results Video

SandyJayaraj — Sun, 23 Nov 2025 15:52:28 GMT

Guidance for 2025

QnATest Buysider — Sun, 23 Nov 2025 15:42:52 GMT

A question about 2025. Consensus has come down really to the lower end of the guidance for 2025. To hit middle of the range, what do you need to see in terms of Memory recovery, Logic orders coming through to 2024 to reassure that?