OSAKA, Japan, July 18, 2025 /PRNewswire/ — On July 10, 2025, the “Elegance and Nature in Perfect Harmony” Picturesque Zhejiang Promotion Event, jointly organized by the Zhejiang Provincial Department of Culture, Radio, Television and Tourism and the China National Tourist Administration Tokyo Office, drew a full house in Tokyo. The event was attended by approximately 120 distinguished guests, among them senior representatives including Chen Rufu, Deputy Director of the Zhejiang Provincial Department of Culture, Radio, Television and Tourism; Chen Zheng, Minister-Counselor of the Chinese Embassy in Japan; Luo Yuquan, Director of the China Cultural Center, Tokyo; Ouyang An, Director of the China National Tourism Administration in Japan; and Saito Takashi, Director of the International Tourism Department at the Japan Tourism Agency. Senior executives from Zhejiang and Japanese travel agencies and airlines were also present.

The event opened with welcoming remarks from key Chinese and Japanese officials. A themed presentation followed, spotlighting Zhejiang’s breathtaking natural landscapes, rich cultural heritage, and integrated travel infrastructure. The launch of the smart tourism platform Zhejiang Travel captured significant attention, with many attendees scanning a QR code to explore its interactive features.

A major highlight was the screening of a short film featuring impressions from a May 2025 Japanese travel trade familiarization tour to Zhejiang. Tour participant Yoshida Takao took the stage to share his vivid, personal reflections from the experience.

Zhejiang Loong Airlines presented milestones in its regional development and detailed its expanded China–Japan air routes, energizing the room with a lucky draw that awarded two round-trip tickets from Tokyo to Zhejiang.

The event also spotlighted cultural and tourism offerings from several of the province’s cities with a focus on Ningbo and Quzhou, prompting lively exchanges among participants.

In follow-up sessions, senior executives from Zhejiang and Japanese travel sectors held business matching meetings, focusing on market expansion, product development, and high-end itinerary planning to strengthen future collaboration.

HONG KONG, July 18, 2025 /PRNewswire/ — The Pando Bitcoin ETF (Stock Code: 2818.HK), issued by Pando Limited (“Pando”), officially debut today on the Hong Kong Exchanges and Clearing Limited (HKEX). Eddid Securities and Futures Limited (“ESFL”), a subsidiary of Eddid Financial (the “Group”), has been appointed as a participating dealer. ESFL will provide both cash and in-kind subscription and redemption services, reinforcing the Group’s leadership in the digital asset space. This appointment marks the Group as one of the Hong Kong’s few participating dealers of all listed virtual asset spot ETFs, demonstrating its comprehensive capabilities in digital asset trading.

Pando is a licensed virtual asset management firm with retail investor capabilities. As a participant in the digital asset management sector, Pando was granted Types 1, 4, and 9 licenses by Hong Kong Securities and Futures Commission (SFC). Pando is qualified to offer a wide range of virtual asset-related services. Pando also obtained public fund qualifications and issued two actively managed ETF products. Backed by strong strategic planning and deep compliance expertise, Pando is committed to delivering diversified investment solutions. Pando Bitcoin ETF is the fourth spot Bitcoin ETF listed in Hong Kong, further expanding the city’s virtual asset investment options and encouraging more competitive forces and innovation to the market.

As a leading integrated financial group in Hong Kong, Eddid Financial has been actively expanding its virtual asset-related business over the years, aiming to provide investors with a secure, efficient, and compliant trading platform. There are currently six Bitcoin spot ETFs and Ether spot ETFs listed in Hong Kong. ESFL is the participating dealer for all six, a distinction that reflects its market expertise and robust technical infrastructure. Its appointment to support the Pando Bitcoin ETF further affirms the Group’s leadership in digital asset execution, clearing, and liquidity management, within a regulated framework designed to safeguard investor interests.

“We are honored to be part of the launch of the Pando Bitcoin ETF,” said Dr. Ricky Yeung, Head of Eddid Financial’s Virtual Assets Department, “This appointment is a strong vote of confidence in our capabilities and marks another step in positioning Hong Kong as a global hub for virtual assets. We’ll continue to harness our technology and compliance strengths to deliver secure, transparent, and diversified investment options to our clients.“ 

About Eddid Financial

Anchored in Hong Kong, Eddid Financial is an all-encompassing financial group centered around fintech and dedicated to integrating latest technologies into its enterprise DNA. The diversified businesses of Eddid Financial range from retail to institutional and include but are not limited to fintech, internet finance, wealth management, asset management, investment banking, and digital assets. Eddid Financial is committed to providing one-stop financial services and products to customers through high-quality investment solutions.

Members of the Group hold a variety of licenses and memberships across key financial markets. These include Hong Kong Securities and Futures Commission (SFC) regulated activities (“RA”) licenses for types 1, 2, 3, 4, 5, 6, and 9; SEHK and HKCC participant (OTP-C broker number: 0974 and 0977), Insurance Broker Company license; Trust or Company Service Provider License in Hong Kong. Additionally, our fully owned U.S. broker-dealer subsidiary, Eddid Securities USA Inc., maintains approved membership with the Financial Industry Regula-tory Authority (FINRA), the National Futures Association (NFA), the Securities Investor Protection Corporation (SIPC), and the Nasdaq Stock Market LLC (NQX), and is a registered with the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the United States. Our Singapore subsidiary, Eddid Financial Singapore Pte. Ltd., holds the Capital Markets Services License (Li-cense No.: CMS101839) issued by the Monetary Authority of Singapore (MAS).

Learn more: www.eddid.com.hk/en

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

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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).

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

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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/

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

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