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Getinge Interim Report April-June 2025: Continuing positive trend with stable organic sales growth in all business areas and regions

GOTHENBURG, Sweden, July 18, 2025 /PRNewswire/ — “The positive start to 2025 continued in the second quarter, with stable organic growth in order intake and sales, and our margins strengthened despite strong headwinds from tariffs and negative currency effects,” says Mattias Perjos, President & CEO at Getinge. The medtech company’s net sales increased organically by 4.1% while order intake rose by 4.4% organically.

Business area Acute Care Therapies continues to be successful in handling the increased demand for ventilators, and the order intake in ECLS consumables remains high. The positive trend for Sterile Transfer in Life Science strengthened during the quarter, while the rationalizations in Getinge’s Bio-Processing business are fully underway.

“This means that we will be well positioned for profitable growth in Bio-Processing when demand returns. In Surgical Workflows, Infection Control and Digital Health Solutions delivered significant growth,” says Mattias Perjos, President & CEO.

Paragonix, acquired in the autumn of 2024, continues to impress, with another sales record in the quarter. The operations also made a positive contribution to Getinge’s EBITA margin, slightly earlier than expected.

Another important milestone for Getinge was the first use of the next generation of endoscopic vessel harvesting (EVH) product, Vasoview Hemopro 3, in clinical procedures in the US.

“The results were positive, and we expect to start deliveries on a larger scale during the third quarter,” Perjos tells. “In Life Science, we launched a new washer and in Surgical Workflows we continue to strengthen our offering in consumables, where we have achieved high growth. Surgical Workflows also entered an exciting partnership with Zimmer Biomet that enhances our presence in the rapidly growing ASC segment in the US market.”

Adjusted EBITA increased in the quarter, despite close to -270 MSEK in tariffs and negative currency effects compared with last year.

“We were once again successful in adjusting prices, but short term we have been forced to absorb most of the tariff costs. Accordingly, we are also analyzing opportunities to adapt the company’s costs and supply chain over time to these new rules of the game. We are well positioned to manage these challenges by leveraging our leading position in key niches that meet long-term increasing healthcare needs,” explains Perjos.

In light of the tariff levels noted in the second quarter, Getinge sees no need to change its long-term financial target.

“Given our performance and dialogue with customers, my outlook for the remainder of 2025 is positive, even though geopolitical risk is elevated. I would like to thank all of our customers and employees for their important efforts in creating value for clinical staff and patients,” says Perjos.

April-June 2025 in brief

  • Net sales increased organically by 4.1% (8.9) and order intake rose by 4.4% organically (7.8).
  • Adjusted gross profit amounted to SEK 4,183 M (4,151) and the margin was 50.8% (50.0).
  • Adjusted EBITA amounted to SEK 989 M (981) and the margin was 12.0% (11.8).
  • Adjusted earnings per share amounted to SEK 2.25 (2.29).
  • Free cash flow amounted to SEK 510 M (289).

Phone Conference

A conference call will be held on July 18, at 10.00-11.00 a.m. CEST hosted by Mattias Perjos, President & CEO, and Agneta Palmér, CFO.

To participate via teleconference, please register via this link. After registration, you will be provided with telephone numbers and a conference ID to access the conference. You can ask questions verbally via the telephone conference.

During the conference call a presentation will be held. To access the presentation through webcast, please use this link. A recorded version can be accessed here for 3 years.

Contact information:

Lars Mattsson, SVP Enterprise Development
Phone: +46(0)10 335 0043
E-mail: lars.mattsson@getinge.com 

This information is such that Getinge AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, on July 18, 2025, at 08.00 CEST.

About Getinge

With a firm belief that every person and community should have access to the best possible care, Getinge provides hospitals and life science institutions with products and solutions that aim to improve clinical results and optimize workflows. The offering includes products and solutions for intensive care, cardiovascular procedures, operating rooms, sterile reprocessing and life science. Getinge employs approximately 12,000 people worldwide and the products are sold in more than 135 countries.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/getinge/r/getinge-interim-report-april-june-2025–continuing-positive-trend-with-stable-organic-sales-growth-i,c4208711

The following files are available for download:

https://mb.cision.com/Main/942/4208711/3584910.pdf

Getinge – Report Q2 2025

https://mb.cision.com/Public/942/4208711/93123e454355430b.pdf

Press release Getinge Interim Report Q2 2025

SKF Q2 2025: Another quarter of margin resilience

GOTHENBURG, Sweden, July 18, 2025 /PRNewswire/ —

Q2 2025

  • Net sales: MSEK 23,166 (25,606)
  • Organic growth: −0.2% (−6.6%), driven by lower market demand within the Automotive market while the Industrial segment reported organic sales growth.
  • Adjusted operating profit: MSEK 3,090 (3,324). The decrease was due to significant currency headwind. Solid price/mix contribution, driven by pricing activities and portfolio management, as well as good cost control more than offset lower volumes.
  • Adjusted operating margin: 13.3% (13.0%) with Industrial at 16.6% (16.3%) and Automotive at 5.1% (5.3%).
  • Net cash flow from operating activities: MSEK 2,817 (2,152).

Financial overview, MSEK unless otherwise stated

Q2 2025

Q2 2024

Half year 2025

Half year 2024

Net sales

23,166

25,606

47,132

50,305

Organic growth, %

−0.2

−6.6

−1.8

−6.8

Adjusted operating profit

3,090

3,324

6,323

6,627

Adjusted operating margin, %

13.3

13.0

13.4

13.2

Operating profit

1,300

2,489

4,185

5,482

Operating margin, %

5.6

9.7

8.9

10.9

Adjusted net profit

2,373

2,498

4,669

4,810

Net profit

583

1,663

2,531

3,665

Net cash flow from operating activities

2,817

2,152

3,794

3,933

Basic earnings per share

1.13

3.36

5.08

7.50

Adjusted earnings per share

5.06

5.19

9.77

10.02

Rickard Gustafson, President and CEO:

It’s encouraging that our adjusted operating margin improved, year-over-year, with relatively flat organic sales and significant currency headwind. We have continued to work hard to create a strong foundation for the future, including our ongoing rightsizing activities.

Margin resilience in markets with mixed demand

Our organic sales declined in the second quarter by -0.2% year-over-year. For our Industrial business, organic sales improved in all regions, especially in Asia where it was partly driven by favorable timing of deliveries. In Europe, sales volumes improved sequentially driven by stronger demand in aerospace, lubrication and magnetics.

Our Automotive business continued to face challenging market conditions globally, except for electrical vehicles, resulting in an organic sales decline, year-over-year.

We delivered a strong adjusted operating margin of 13.3% given the mixed demand and significant negative currency impact. The margin was driven by pricing, portfolio management and good cost control. We largely compensated for increased tariff costs. Given current tariff levels, we expect this to be the case also in the third quarter, with the majority of the net impact in Automotive.

Items affecting comparability (IAC) was high in the quarter. This as the full amount of costs related to the previously indicated rightsizing program were charged. As the Automotive separation is building momentum, IAC also includes sequentially higher separation costs. Furthermore, we reported a capital gain of BSEK 0.8. Due to timing effects, costs related to footprint regionalization were low in the quarter. In total, IAC amounted to BSEK -1.8.

Cash flow increased to BSEK 2.8 (2.2) due to improved working capital, where accounts payable contributed positively.

A more competitive Industrial business

Strengthened operational and commercial excellence are key pillars to create significant customer value in targeted markets.

As part of improving our operational excellence, we have managed to swiftly adapt our organization to the rapidly changing market conditions in recent years, contributing to our margin resilience.

To further enhance our competitiveness, the previously announced rightsizing of our Industrial business, enabled by the Automotive separation, comprise of a gross reduction of approximately 1,700 positions, primarily staff positions in Europe. With re-hires related to our ongoing strategic footprint shift, the net reduction is approximately 1,200 positions. These actions are difficult to take, but necessary to secure our future competitiveness. The savings are estimated at approximately BSEK 2 and will more than compensate for dissynergies related to the Automotive separation. The full annual run-rate saving is expected to be achieved in 2027, with a fairly linear pace between 2026-2027. The savings also include a reduction of consultants and other cost-saving activities. Restructuring costs are fully charged to this quarter as IAC and amount to BSEK 2, while the cash flow impact is primarily expected in 2026. The ongoing organizational review, including manning activities, of our Automotive business and its associated effects will be presented on our Capital Markets Day on 11 November.

One targeted market, where we have improved our performance through commercial excellence including portfolio prioritization and pricing activities, is aerospace. Following the strategic review we started in 2023, our aerospace business has had 12% annual sales growth and an increased adjusted operating margin of 8pp between 2022 and 2025. We’re now well positioned for future profitable growth from attractive long-term contracts with major customers, an increased aftermarket presence, and an operational setup to serve our customers effectively. We are doing similar commercial initiatives in other parts of our industrial business to cater for long-term value creation.

Outlook

While the global economic development makes the outlook uncertain, we expect organic sales to be relatively unchanged in Q3, year-over-year.”

Outlook and guidance

Outlook

  • Q3 2025: While the global economic development makes the outlook uncertain, we expect organic sales to be relatively unchanged, year-over-year.

Guidance Q3 2025

  • Currency impact on the operating profit is expected to be around MSEK 500 negative compared to the third quarter 2024, based on exchange rates per 30 June 2025.

Guidance FY 2025

  • Tax level excluding effects related to divested businesses: around 26%.
  • Additions to property, plant and equipment: around BSEK 4.5 excluding separation of the Automotive business.

A webcast will be held on 18 July 2025 at 09:00 (CEST):
Sweden: +46 (0)8 5051 0031
UK/International: +44 (0)207 107 0613

https://investors.skf.com

Aktiebolaget SKF
      (publ)

For further information, please contact:
Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.com 
Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908072; sophie.arnius@skf.com 

The half year report presented in this press release contains financial and inside information that AB SKF is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication through the agency of the contact person set out above on 18 July 2025 at 07.30 CEST.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skf/r/skf-q2-2025–another-quarter-of-margin-resilience,c4208589

The following files are available for download:

 

 

 

NX Wanbishi China Takes Part in Japan-China Corporate Friendship & Exchange Exhibition

TOKYO, July 18, 2025 /PRNewswire/ — NX Wanbishi Archives (Kunshan) Co., Ltd. (hereinafter “NX Wanbishi China”), a group company of NIPPON EXPRESS HOLDINGS, INC., participated in the 2025 Japan-China Corporate Friendship & Exchange Exhibition held in Kunshan, China, from June 27, Friday, to June 28, Saturday.

Logo: https://drive.google.com/file/d/1dqm0cxpYamnvMUra1AGXMuGlX932Z353/view?usp=drive_link

Group photo of booth staff: https://drive.google.com/file/d/1znIwyO5m6r6teUJRYHOKZVQuVWN2s65f/view?usp=drive_link

View of booth: https://drive.google.com/file/d/1h04fVtVhEqWBUfaiTBCQ6juEAobBgYpI/view?usp=drive_link

The Japan-China Corporate Friendship & Exchange Exhibition is an event organized by the Kunshan Japanese Commerce and Industry Club with the aim of building cooperative relations and promoting economic and cultural exchanges between Japanese and Chinese companies. This year’s event, the second of its kind, attracted 60 companies and approximately 500 visitors.

NX Wanbishi China was established in 2010 as a local subsidiary of NX Wanbishi Archives Co., Ltd., whose forte is the data solutions business, and became an operating company under the NX East Asia Region in December 2024. Focusing on professional document information management services at this year’s exhibition, NX Wanbishi China highlighted its information security capabilities and efficient management systems. The exhibition provided the company with a valuable opportunity to familiarize existing and potential customers with the NX Group’s comprehensive strengths by collaborating with other Group companies to jointly introduce the Group’s warehousing, import/export, removals and other logistics services.

The NX Group will continue bolstering its relationships with customers and related organizations by participating in exhibitions around the world, building new partnerships and supporting the expansion of its customers’ businesses.

About the NX Group:
https://drive.google.com/file/d/1mbvBL6C8THZNrR5LREgGeafNkEdaAmV-/view?usp=drive_link

NX Group official website: https://www.nipponexpress.com/
NX Group’s official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/

The World Federation of Neurology to Host Global Webinar Uniting UN-ECOSOC, WHO and Leading Brain Health Experts for World Brain Day 2025, with the theme Brain Health for All Ages

LONDON, July 18, 2025 /PRNewswire/ — On July 22, the World Federation of Neurology (WFN) will celebrate its 12th annual World Brain Day, with the theme “Brain Health for All Ages.” The official event of World Brain Day is a webinar, open to the public, taking place at 1:00 p.m. BST.

On July 22, the World Federation of Neurology (WFN) will celebrate its 12th annual World Brain Day, with the theme “Brain Health for All Ages.” The official event of World Brain Day is a webinar, open to the public, taking place at 1:00 p.m. BST.
On July 22, the World Federation of Neurology (WFN) will celebrate its 12th annual World Brain Day, with the theme “Brain Health for All Ages.” The official event of World Brain Day is a webinar, open to the public, taking place at 1:00 p.m. BST.

World Brain Day is an annual event uniting the global community to protect and promote healthy brains. The webinar serves as a global call to action for both individuals, healthcare providers, non-governmental organizations, community leaders, policy-makers, and institutions to share meaningful information and activities to advance brain health in all parts of the world.

“When one in three is affected by a brain disorder—and nearly 90% of this burden occurs in low- and middle-income countries, this campaign becomes not just important, but essential,” said Professor Tissa Wijeratne, Co-Chair of World Brain Day. “It reflects a global commitment to protecting brain health across one’s entire lifespan, from preconception through aging adulthood, ensuring that no one is left behind.”

This year’s theme reminds us that brain health is a journey—not a milestone. It begins before birth, is refined in childhood, and is preserved through adulthood and older age, influencing our potential, resilience, and quality of life at every age. The fate of individuals suffering from neurological disorders has strong variations depending on the global region, due to varying health systems, access to care and available resources.   

Key Takeaways for this year’s World Brain Day:

  • Neurological disorders are the leading cause of disability-adjusted life years (DALYs) worldwide and the second leading cause of death.
  • Brain health must be prioritized throughout one’s lifespan, from preconception to aging adulthood.
  • Prevention of neurological disorders begins with healthy lifestyle choices like regular exercise, balanced nutrition, quality sleep, stress management and social connection.
  • Equal access to neurological care, diagnostics and therapies regardless of economic status is essential.
  • We are committed to creating a global framework for brain health, focusing on early diagnosis and intervention, environmental risk mitigation, and equitable access to neurological care.

“When we unite in our commitment to prioritize brain health, we have the power to meaningfully reduce the global burden of neurological disorders,” said  Emeritus Professor David Dodick, Co-Chair of World Brain Day. “It is both a privilege and an imperative to bring together some of the most respected voices in neurology for a special webinar—an event designed not only to elevate awareness, but to catalyze transformative progress in research, policy, care, and global advocacy.”

The World Brain Day webinar will feature distinguished experts from renowned organizations such as the World Health Organization (WHO) and World Stroke Organization. WFN will also be joined by six Neurological Societies representing the major regions of the world.

  • Dr. Lawrence Tucker, President, African Academy of Neurology
  • Dr. Natalia Rost, President, American Academy of Neurology
  • Prof. Christopher Chen, President, Asian and Oceanian Association of Neurology
  • Prof. Elena Moro, President, European Academy of Neurology
  • Dr. Renato Verdugo, President, Pan American Federation of Neurological Societies
  • Dr. Amina Gargouri-Berrechid, President, Pan Arab Union of Neurological Societies

“When we champion Brain Health for All Ages, we lay the foundation for stronger communities, healthier families, and a more resilient world,” said Professor Wolfgang Grisold, President of the World Federation of Neurology. “This is a global call to action to elevate awareness, reduce stigma, and ensure that brain health becomes a priority for every government, every health system, and every individual, regardless of geography or age.”

Established by the WFN in 2014, World Brain Day continues to serve as a global platform for raising public awareness on key neurological health topics. Individuals, societies, and countries are encouraged to participate and amplify their voices on social media using hashtags such as #WorldBrainDay, #WBD2025, and #BrainHealthForAllAges.

Visit the WFN website to register for the free World Brain Day webinar. Follow the WFN on Facebook, Instagram, and Twitter.

About the World Federation of Neurology

With support from its 125 national Neurological Member Societies, the World Federation of Neurology fosters quality neurology and brain health worldwide by promoting neurological education and training, with an emphasis on under-resourced areas of the world. As a non-state actor in official relations, WFN supports the World Health Organization (WHO) efforts to give everyone an equal chance to live a healthy life. With Member Societies around the globe, WFN unites the world’s neurologists to ensure quality neurology and advocate for people to have better brain health. Learn more about the World Federation of Neurology at wfneurology.org.

Media Contact:
Ashley Logan, Yakkety Yak
ashley@yakketyyak.com 
http://wfneurology.org/worldbrainday

 

Electrolux Group Interim report Q2 2025

STOCKHOLM, July 18, 2025 /PRNewswire/ —

Highlights of the second quarter of 2025           

  • Net sales amounted to SEK 31,276m (33,819) with an organic sales growth of 1.8% (6.8), driven by growth in North America and Latin America, partly offset by a slight decline in Europe, Asia-Pacific, Middle-East and Africa.         
  • Operating income improved to SEK 797m (419) corresponding to an operating margin of 2.5% (1.2), driven mainly by an improvement in North America that reported a positive operating income in the quarter. Group operating income included a positive effect from the divestment of the Kelvinator trademark portfolio in India of SEK 180m.            
  • Income for the period amounted to SEK 178m (-80) and earnings per share were SEK 0.66 (-0.30).           
  • Operating cash flow after investments was SEK -741m (1,226), negatively impacted by an increase in working capital and the payment of the previously communicated French antitrust fine.

President and CEO Yannick Fierling’s comment

Market outperformance in North America, amid uncertain market conditions

Organic sales growth was slightly positive in the quarter at 1.8%, driven by North America and Latin America. Business area Europe, Asia-Pacific, Middle East and Africa reported a slight organic sales decline, with a negative price development. In Europe, our main brands continued to outperform the market, whereas the general market demand declined somewhat with increased competitive pressure, and replacement driven demand. In North America, market demand declined slightly in the quarter, and we continued to outperform the market. In both Europe and North America, consumers continue to shift to lower price points and demand was impacted by uncertainty due to ongoing geopolitical developments. In Latin America, consumer demand increased slightly. As anticipated, in Brazil, growth was hampered by inflationary pressure and increased interest rates. Business area Latin America reported slight organic sales growth.

Improved operating earnings with positive contribution from North America

Operating margin improved, with a positive contribution from North America where list price increases offset increased costs related to U.S. tariffs introduced in the quarter. The competitive pressure and promotional activity were high in the quarter. Latin America continued to deliver an operating margin above our Group mid-term target of 6%. In Europe, Asia-Pacific, Middle East and Africa, the underlying operating income was lower mainly due to a negative price development. Operating cash flow was negative, impacted by a seasonal increase in working capital, a negative impact related to U.S. tariffs and a payment of the earlier announced French antitrust fine.

Our market and business outlook for the year remains unchanged, and we reiterate our aim to offset tariff-related cost increases in North America through price increases.

Looking ahead, consumer centricity and transformation in focus

In the quarter, we executed well on our long-term strategic priorities. We continued our journey to strengthen our brands, with new marketing campaigns to support recently launched innovations. In the U.S. we are currently launching new Frigidaire ovens with stone-baked pizza mode. North America has been a focus point for improvements, and in the quarter, the business area reported a positive operating income. We continued to make good progress on cost-efficiency measures, delivering cost savings from procurement as well as product engineering. Maintaining a consumer-centric approach, as well as increasing speed and agility, are key components of our strategy. In the coming quarter, we will increase our focus on the major transformation areas and to drive speed and agility.

The second quarter results demonstrate our commitment to deliver on our strategic priorities amid challenging market conditions.

Webcast and telephone conference 09.00 CET

A video webcast and simultaneous telephone conference is held at 09.00 CET today, July 18. Yannick Fierling, President and CEO, and Therese Friberg, CFO, will comment on the report.

If you wish to participate via webcast, please use the link below. Via the webcast you are able to ask written questions.

https://edge.media-server.com/mmc/p/oewb55np

If you wish to participate via telephone conference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the telephone conference.

https://register-conf.media-server.com/register/BIe8ae8b00f3c74d6994d412fbd0737d8c

Presentation material available for download

www.electroluxgroup.com/ir

This disclosure contains information that Electrolux Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 18-07-2025 07:00 CET.

CONTACT:

For more information:

Ann-Sofi Jönsson, Head of Investor Relations & Sustainability Reporting, email: ann-sofi.jonsson@electrolux.com,  +46 73 035 1005

Maria Åkerhielm, Investor Relations Manager, email: maria.akerhielm@electrolux.com, +46 70 796 3856

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux-group/r/electrolux-group-interim-report-q2-2025,c4208599

The following files are available for download:

https://mb.cision.com/Main/1853/4208599/3584614.pdf

Electrolux Q2 interim report 2025

Studio City Extends Toy Story Campaign with Splashing Summer Fun at Studio City Water Park


MACAU SAR – Media OutReach Newswire – 18 July 2025 – Studio City is excited to announce the extension of its popular Toy Story campaign, now making a big splash at Studio City Water Park. This summer, guests can enjoy a larger-than-life experience with their favorite Toy Story characters in a whole new setting.

Water Park x Toy Story - TC - L - 20250612

From now until October 31, Woody, Buzz Lightyear, and their friends are diving into summer fun at Studio City Water Park. Guests of all ages can immerse themselves in an aquatic adventure featuring eight exclusive Toy Story-themed photo spots scattered through the indoor and outdoor areas. Highlights include a 6-meter-tall Woody and Buzz Lightyear installation, and a colorful display of 5,000 limited-edition floating themed balls in the active river – perfect for playful photo ops and summer memories.

WPTS-4

As Macau’s premier entertainment destination, Studio City Water Park delivers unforgettable aquatic thrills with its space-themed indoor area and vibrant outdoor area. Designed by Whitewater—the global leader in water park innovation—the indoor area maintains a comfortable year-round 30°C temperature, ensuring perfect play conditions no matter the weather. And the excitement heats up in summer when families can enjoy exhilarating all-ages activities in the outdoor area. When it’s time to take a break, the park’s fantastic dining options make it easy and delicious to refuel and keep the energy up before the next thrilling ride.

WPTS10-Edit

In addition to the all-new experience, Studio City Water Park now offers an exclusive premium package available during the campaign. This exclusive package* includes admission to the Studio City Water Park and specially designed limited-edition Toy Story merchandise such as Beach Bag, Waterproof Phone Pouch and Waterproof Phone Pouch, allowing guests to take home a lasting memento from their adventure.

WPTS12
WPTS28


Whether you’re a Toy Story superfan, a water lover or simply seeking a fun and refreshing way to cool off this summer, don’t miss this chance to join Woody, Buzz Lightyear, and friends and make a splash at Studio City Water Park from now until October 31, 2025.

WPTS31

For more information, please visit https://www.studiocity-macau.com/en/offer/water-park-x-toy-story

*Terms & Conditions apply

Hashtag: #MelcoResortsandEntertainment

The issuer is solely responsible for the content of this announcement.

Visa Champions the Future of Women’s Football as AFC Women’s Asian Cup Australia 2026™ Official Global Supporter

SINGAPORE, July 18, 2025 /PRNewswire/ — Visa, a global leader in digital payments, has announced its partnership with the Asian Football Confederation (AFC) Women’s Asian Cup Australia 2026™ as its Official Global Supporter. This marks the first partnership between Visa and AFC Women’s Asian Cup, further building on Visa’s long history of commitment towards the growth in women’s football.

Hosted in Australia, the matches will be played in five stadiums across three cities with the top 12 national teams. The semi-finalists from this 27-match tournament will directly qualify for FIFA Women’s World Cup 2027 in Brazil, while quarter-finalists will advance to the qualifying rounds for the 2028 Olympics in Los Angeles.

Danielle Jin, Chief Marketing Officer, Asia Pacific, Visa, said, “At Visa, we believe in the power of sports to inspire, unite, and drive progress. Our partnership with the AFC Women’s Asian Cup reaffirms our commitment to inspiring the next generation of female athletes. As we have seen from the record-breaking momentum of women’s football, the future of the game is bright, and we are proud to be part of that journey.”

Women’s Football Fuels Regional Growth in Sports Tourism

Asia Pacific is the fastest-growing sports tourism region globally, projected to reach USD491.7 billion by 2030, growing at an annual rate of 18.4%[1]. Markets like Australia, China, India, Japan and Singapore are seeing rising participation and viewership, driven by increased regional demand for live sporting events especially football.

AFC General Secretary Datuk Seri Windsor John said: “We are delighted to announce the expansion of our partnership with Visa, who we now welcome as an Official Global Supporter of the Continent’s premier women’s national team competition. The AFC Women’s Asian Cup Australia 2026™ aims to be the greatest ever edition in the tournament’s history, and we look forward to working in close collaboration with Visa to realise our shared ambitions for the growth and empowerment of the women’s game across Asia.”

Visa is one of the world’s most active sponsors of women’s football; it is the first ever standalone sponsor of UEFA Women’s Football in a seven-year deal running from 2018 until 2025, and the first Global FIFA Women’s Football Partner.

Pre-sale Ticket access for Visa cardholders

Pre-sale ticket access opens exclusively to Visa cardholders today, Friday, July 18 at 8:00 AM SGT, with general sales beginning Friday, July 25 at 8:00 AM SGT via Ticketmaster – womenasiancup2026.

[1] Compound annual growth rate (CAGR) – Asia Pacific Sports Tourism Market Size & Outlook, 2030

###

About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

 

US Solar Makers Push for Tariffs on Laos, Indonesia, India

Monocrystalline solar panels embedded into a house roof. (Photo credit: Watt A Lot on Unsplash)

A coalition of small United States solar manufacturers has petitioned the Department of Commerce to impose new tariffs on solar panel imports from Laos, Indonesia, and India, alleging unfair trade practices that threaten the domestic industry.

As reported by Reuters , the Alliance for American Solar Manufacturing and Trade filed the petition on 17 July with both the Department of Commerce and International Trade Commission. 

The alliance represents several smaller US solar producers seeking protection from foreign competitors they allege are benefiting from government subsidies and dumping products at below-market prices.

According to the petition, firms operating in these nations are selling solar modules at prices below production cost, aided by generous government subsidies. 

Imports from the three countries surged to USD 1.6 billion in 2023, up from just USD 289 million in 2022. 

The alliance claims many operations in Laos and Indonesia are Chinese-owned companies that relocated to circumvent existing US trade restrictions. These firms moved production after facing prohibitive tariffs on Chinese-made solar products, allowing them to maintain market access through third-country manufacturing.

Indian manufacturers face separate accusations of benefiting from export support schemes, including loans from the Export-Import Bank of India and state-level subsidies in regions like Gujarat and Maharashtra.

This is not the first time the group has acted.

In April, the alliance succeeded in a similar case that led to steep tariffs, some as high as 3,400 percent, on solar imports from Cambodia, Malaysia, Thailand, and Vietnam, after the US government determined those countries were exporting products at unfairly low prices with the help of state subsidies.