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Thailand Urges Laos to Reconsider Sanakham Hydropower Dam Location

Sanakham Hydropower Project. (Photo: Mekong River Commission)

Thailand has formally called on Laos to reconsider the proposed location of the Sanakham Hydropower Project, planned between Xayaburi and Vientiane province of Laos, citing serious concerns over potential environmental and social impacts that could affect communities along the Mekong River.

On 30 April, Thai Deputy Prime Minister and Minister of Digital Economy and Society, Prasert Jantararuangtong, speaking at the first Thai National Mekong Committee meeting of 2025, confirmed that Thailand will submit official documentation to the Lao government and the project’s developer. 

Surasi Kittimonton, Secretary-General of the Thai government’s Office of National Water Resources (left) and Prasert Jantararuangtong, Thai Deputy Prime Minister and Minister of Digital Economy and Society (middle), 30 April 2025. (Photo: Royal Thai Government)

The request urges a review of the dam’s siting to minimize cross-border environmental impacts and preserve relations among Mekong River Commission (MRC) member states. 

Thailand’s objections center on key issues, including unpredictable fluctuations in water levels that could destabilize riverbanks and threaten agriculture, potential extinction of endangered species, such as the Mekong giant catfish, disruption of local fishing and farming livelihoods, and transboundary pollution risks. 

Thai officials confirmed that their formal response to the project has been completed and is ready for submission.

The Sanakham project, a 684-megawatt dam developed by Datang (Lao) Sanakham Hydropower Co. Ltd, is estimated to cost USD 2.073 billion. It is slated for construction on the Mekong River, just two kilometers from the Thai border in Loei Province and roughly 155 kilometers from Laos’ capital, Vientiane. 

The dam’s close proximity to Thai territory has raised strong concerns among Thai authorities and local communities.

Sanakham is the third major mainstream dam on the Mekong proposed by Laos, following controversial developments at Pak Beng, Pak Lay, and Laung Prabang, and the earlier completed Xayaburi and Don Sahong dams. Despite consistent regional scrutiny, these projects have continued to move forward.

Environmental experts warn that the cumulative impact of multiple dams on the Mekong could seriously damage the river ecosystem, potentially affecting the lives and livelihoods of millions of people along its course.

「NextRise 2025, Seoul」: Asia’s Premier Innovation Gateway for Global Startups

SEOUL, South Korea, May 2, 2025 /PRNewswire/ — NextRise 2025, Seoul, Asia’s leading innovation fair encompassing cutting-edge tech trends and startup ecosystems, will be held on June 26–27, 2025 at COEX, Seoul.

Visitors explore the exhibition hall at NextRise 2024, Asia’s largest startup fair, held last year at COEX in Gangnam, Seoul.
Visitors explore the exhibition hall at NextRise 2024, Asia’s largest startup fair, held last year at COEX in Gangnam, Seoul.

Co-hosted by the Korea Development Bank (KDB)—one of Korea’s largest policy banks and venture investors—and the Korea International Trade Association (KITA)—representing over 76,000 Korean trade enterprises including Samsung and Hyundai—NextRise has established itself as the most powerful platform for startups and innovation agencies seeking to collaborate with Korean industry leaders.

Now in its 7th year, NextRise 2025 will bring together:

  • 500+ startups,
  • 250+ global corporates and VCs,
  • Over 3,600 1:1 business meetings during two days.

In 2024, 373 startups built business partnerships, and 102 startups successfully raised a combined KRW 400 billion (~USD 300 million) in investment. This year’s event will further amplify its focus on AI, Sustainability, and Mobility, with an expanded 1:1 Business Meetup program connecting startups with tech scouts from Fortune 500 companies.

Highlighting its global reach, Germany has been selected as the Country of Honor for 2025. A Startup Germany Pavilion and the Korea-Germany Open Innovation Summit will be hosted in collaboration with IFA Berlin and Germany’s Federal Ministry for Economic Affairs and Climate Action (BMWK). National innovation events from JETRO (Japan) and VivaTech (France) will also be featured alongside 20+ global innovation partners.

Startups seeking 1:1 business meetings with LG Chem, Hyundai Motor, Amazon AWS, Airbus, BMW, and more are encouraged to apply via www.nextrise.co.kr by May 12, 2025 (KST).

“NextRise is Asia’s most vibrant platform where startups can directly collaborate with Korean conglomerates and uncover new investment opportunities,” said an official from KITA.
“Last summer’s NextRise became a turning point for me. It helped strengthen my network in Seoul and directly influenced the development of our new MVP, soon to be announced,” shared a German startup CEO who joined in 2024.

For startups aiming for global expansion, and innovation agencies seeking PoC and market validation opportunities in Asia, NextRise 2025 is the definitive platform. Following the event, companies can also leverage the Startup Branch platform for localized guidance on establishing a Korean entity and scaling operations in Asia.

Luxury Meets Technology: CLEAR Defines a New Era of Premium Scalp Care with Cellular-Level Repair Experience

SHANGHAI, May 2, 2025 /PRNewswire/ — On April 17, 2025, a grand event blending luxurious aesthetics and cutting-edge technology unfolded at TANK Shanghai, where CLEAR—Unilever’s premium professional anti-dandruff brand—globally launched its first-ever SCALPCEUTICALS PRO RANGE under the core concept of “the collision of luxury and technology,” redefining new standards for premium scalp care. With 50 years of expertise in scalp care, this groundbreaking series integrates cutting-edge innovations from five global laboratories and the collective efforts of over 200 dermatologists. Leveraging three patented technologies1, it breaks through the limitations of traditional hair care, harnessing “cellular-level2 repair” science to revitalize scalp health from the root and herald a revolutionary new era in premium scalp care.

CLEAR SCALPCEUTICALS PRO RANGE Global Launch: Redefining Premium Scalp Care with Technological Innovation

Currently, China’s premium scalp care market is experiencing explosive growth, expanding at a rate of 190% and reaching a scale of over 33 billion RMB. Faced with evolving consumer demands and their diverse needs for scalp health, simply focusing on ”cleansing” is no longer enough to satisfy their desire for a premium experience.

“The key to a healthy scalp lies in fundamental repair at the cellular level.” Elsharkawy Mohamed, Unilever China’s Hair Care Marketing Director and Global Vice President of CLEAR, emphasized that Clear is now focusing on cell science and announced the global launch of the brand’s first SCALPCEUTICALS PRO RANGE.

This series, developed through a decade of research in partnership with five global labs and tested by more than 200 dermatologists, features a revolutionary “cellular-level hair care technology matrix.” It’s designed to address the core issues of oiliness, dandruff, and sensitivity, helping to build a healthy scalp environment.

Revolutionary Breakthrough at the Cellular Level: CLEAR Unveils the “Scalp Cell Response Mechanism”

Eric Han, Head of R&D for Unilever Beauty & Wellbeing North Asia, stated: ”In the new era of scalp care, treatment should not remain superficial. CLEAR’s technological approach is about ‘rebuilding the foundation’ by synergistically managing cell metabolism and the scalp microbiome to help restore scalp health.”

Thus, the CLEAR SCALPCEUTICALS PRO RANGE, built upon three patented technologies[1], now introduced five targeted products: The Selenium Disulfide Anti-Dandruff Shampoo incorporates Unilever’s proprietary Selenium Disulfide PRO[3] Technology, which strengthens the protein “skeleton” and “outer walls” of barrier cells[2] to eliminate and prevent dandruff at its root cause[4], clearing 99% of flakes in just one wash[5], and correcting oiliness, dandruff, and itch in 4 weeks[6]. The Scalp Massage Essence helps repair the scalp barrier and create an invisible shield against dandruff. For recurrent dandruff issues, the Anti-Dandruff Conditioning Shampoo utilizes Piroctone Olamine[7] Technology to not only inhibit and fight dandruff but also to improve the scalp environment, boosting dandruff resistance by 500%[8].

Beyond breakthroughs in dandruff control, CLEAR has launched its first clinically proven Oil Control Shampoo to address excessive sebum secretion. Utilizing Sebum-reg tech[9], it inhibits “scalp oil production” for a purer and more controlled scalp, correcting oily hair in 4 weeks[10]. Specially formulated for sensitive scalps, the Soothing and Repairing Shampoo is inspired by Nobel Prize-winning research. It features the SENSICARE[11] ingredient to precisely block sensitivity signals and correct the four major concerns of dryness, itch, tightness, and redness within four weeks[12].

To better showcase the revolutionary innovation at the cellular level, CLEAR SCALPCEUTICALS PRO RANGE spokesperson Leo Luo and the CLEAR R&D team conducted live experiments at the launch event to demonstrate the series’ powerful scientific capabilities. Leo Luo stated, ”As the spokesperson for the CLEAR SCALPCEUTICALS PRO RANGE, I am once again impressed by CLEAR’s technological strength. At the same time, as a consumer, I also really enjoy the pleasant hair care experience CLEAR provides. It truly achieves a balance between professional efficacy and comfort!”

CLEAR SCALPCEUTICALS PRO RANGE spokesperson Leo Luo and the CLEAR R&D team conducted live experiments at the launch event to demonstrate the series' powerful scientific capabilities.
CLEAR SCALPCEUTICALS PRO RANGE spokesperson Leo Luo and the CLEAR R&D team conducted live experiments at the launch event to demonstrate the series’ powerful scientific capabilities.

CLEAR SCALPCEUTICALS PRO RANGE spokesperson Leo Luo and the CLEAR R&D team conducted live experiments at the launch event to demonstrate the series’ powerful scientific capabilities.

From Product Innovation to Industry Leadership: CLEAR is Pioneering a New Era of Scalp Health.

“CLEAR has dedicated over 50 years to in-depth scalp research. This newly launched SCALPCEUTICALS PRO RANGE represents a vibrant step in the brand’s ongoing commitment to its premiumization strategy and its exploration of localized innovation within China,” stated Chen Ge, President of Unilever China. “China is not only a significant global consumer market but is also becoming an innovation hub for the beauty and hair care industry. By deeply integrating into China’s innovation ecosystem, we are upgrading from functionality to science, and from products to systems, thereby injecting continuous momentum into the transformation and sustainable growth of the global industrial chain.”

Notes:

1.      Three patented technologies: Refers to the three patents in the CLEAR SCALPCEUTICALS PRO RANGE formulas. Specifically: CLEAR Soothing and Repairing Shampoo formula, a UK invention patent with patent number EP4271351; CLEAR Anti-Dandruff Conditioning Shampoo formula, a US invention patent with patent number US12246084; and CLEAR Oil Control Shampoo formula, a Chinese invention patent with patent number ZL201811056799.0.

2.      Cellular-level: Refers to the barrier cells of the scalp epidermis.

3.      Selenium Disulfide PRO: Refers to the selenium disulfide, serine, alanine, glycine, and panthenol in the formula of Clear’s Selenium Disulfide Anti-Dandruff Shampoo.

4.      Root cause: Refers to the root cause of dandruff.

5.      Clearing 99% of flakes in just one wash: A third-party study involving 34 consumers with severe dandruff shows statistically significant agreement in self-assessments after one use of CLEAR Selenium Disulfide Anti-Dandruff Shampoo. Individual results may vary.

6.      Correcting oiliness, dandruff, and itch in 4 weeks: A third-party study involving 34 consumers with severe dandruff shows statistically significant agreement in self-assessments after 4 weeks’ use of CLEAR Selenium Disulfide Anti-Dandruff Shampoo. Individual results may vary. Itch refers to scalp itch caused by dandruff.

7.      Piroctone Olamine: Piroctone Olamine

8.      Boosting dandruff resistance by 500%: Unilever internal testing shows that CLEAR Anti-Dandruff Conditioning Shampoo inhibits the root cause of dandruff more than 6 times better than our internal control product. Individual results may vary.

9.      Sebum-reg tech: Refers to capryloyl glycine oil control technology.

10.    Correcting oily hair in 4 weeks: Unilever internal efficacy testing shows that after 4 weeks of continuous use of Clear CLEAR Control Shampoo, instrumental measurements indicated a significant reduction in scalp oil compared to before use. Individual results may vary.

11.    SENSICARE: Refers to 4-tert-butylcyclohexanol and bisabolol in the CLEAR Soothing and Repairing Shampoo formula.

12.    Correct the four major concerns of dryness, itch, tightness, and redness within four weeks: A third-party study involving 32 consumers with sensitive scalp shows statistically significant agreement in self-assessments after 4 weeks’ use of CLEAR Soothing and Repairing Shampoo. Individual results may vary. Itch refers to scalp itch caused by dandruff.

 

[1] Refers to the three patents in the CLEAR SCALPCEUTICALS PRO RANGE formulas. Specifically: CLEAR Soothing and Repairing Shampoo formula, a UK invention patent with patent number EP4271351; CLEAR Anti-Dandruff Conditioning Shampoo formula, a US invention patent with patent number US12246084; and CLEAR Oil Control Shampoo formula, a Chinese invention patent with patent number ZL201811056799.0.

[2] Refers to the barrier cells of the scalp epidermis.

[3] Refers to the selenium disulfide, serine, alanine, glycine, and panthenol in the formula of Clear’s Selenium Disulfide Anti-Dandruff Shampoo.

[4] Refers to the root cause of dandruff.

[5] A third-party study involving 34 consumers with severe dandruff shows statistically significant agreement in self-assessments after one use of CLEAR Selenium Disulfide Anti-Dandruff Shampoo. Individual results may vary.

[6] A third-party study involving 34 consumers with severe dandruff shows statistically significant agreement in self-assessments after 4 weeks’ use of CLEAR Selenium Disulfide Anti-Dandruff Shampoo. Individual results may vary. Itch refers to scalp itch caused by dandruff.

[7] Piroctone Olamine

[8] Unilever internal testing shows that CLEAR Anti-Dandruff Conditioning Shampoo inhibits the root cause of dandruff more than 6 times better than our internal control product. Individual results may vary.

[9] Refers to capryloyl glycine oil control technology.

[10] Unilever internal efficacy testing shows that after 4 weeks of continuous use of Clear CLEAR Control Shampoo, instrumental measurements indicated a significant reduction in scalp oil compared to before use. Individual results may vary.

[11] Refers to 4-tert-butylcyclohexanol and bisabolol in the CLEAR Soothing and Repairing Shampoo formula.

[12] A third-party study involving 32 consumers with sensitive scalp shows statistically significant agreement in self-assessments after 4 weeks’ use of CLEAR Soothing and Repairing Shampoo. Individual results may vary. Itch refers to scalp itch caused by dandruff.

Hong Kong Life Launched Waves of New Health Service Initiatives Helping Customers Move Towards a Higher Quality of Life


HONG KONG SAR – Media OutReach Newswire – 2 May 2025 – Hong Kong Life always stands by its customers, dedicated to providing innovative health service initiatives that allow every customer to enjoy more comprehensive health protection and medical support, helping them move towards a healthier life.

First Wave l “MedicMart” e-Platform
Offering Discounts on Health Checkups and Services

In January 2025, Hong Kong Life launched the first wave of health service initiatives by rolling out the “MedicMart” e-platform, specifically providing exclusive discounts on health checkups, Vaccination and Egg Freezing Services, and Children’s Assessment Programs for Hong Kong Life customers. Customers can compare, select, and purchase suitable health checkup services at discounted prices on the “MedicMart” e-platform. In addition to offering “Health Checkup Plans” for policyowners, Hong Kong Life provided flu vaccines to the public through a social media game during the flu season earlier.

Second Wave l “Mannings PharmaCare” Offer
Presenting Pharmacist Consultations and Free Medications

Hong Kong Life is set to launch the second wave of its health service initiative, the “Mannings PharmaCare” Offer, on May 2, 2025, benefiting both customers and the public!

Through this offer, customers can redeem coupons at designated Mannings stores to access the “Mannings PharmaCare” service once, covering consultation and free medication for eight common minor ailments: Cold and Flu, Allergy, Pain and Aches, Gastrointestinal Conditions, Women’s Health, Minor Skin Conditions, Eye Conditions and Oral Health.

This initiative aims to strengthen health protection by offering accessible medical support.

Additionally, the “Care We On Health Challenge” game will launch on the same day, giving the public an opportunity to receive free coupons. Stay tuned for official announcements on Facebook and Instagram!

In 2025, Hong Kong Life will continue to launch more fabulous health service offers, allowing customers and the public to enjoy more comprehensive protection services. Stay tuned!

Mr. Jonathan Ko, Chief Marketing Officer of Hong Kong Life, said, “We are committed to providing innovative health support service initiatives so that every customer can enjoy more comprehensive health protection. In January 2025, Hong Kong Life rolled out MedicMart e-Platform to offer our customers exclusive discounts on health checkups; we also officially launched the “Mannings PharmaCare” Offer on May 2, providing customers with pharmacist consultations and free medication services. This year, we will continue to launch more fabulous health service initiatives, making it easier for customers and the public to access various health support and work together towards a healthier future.”

Details of Hong Kong Life’s 2025 Policyholder Offers:

1) Hong Kong Life “Healthcare at Ease”

  • Promotion Period: 2 May to 30 September 2025 (Both Dates Inclusive)
  • Individual clients with successful applications submitted within the Promotion Period for any Eligible Life Insurance Plan(s)1 of Hong Kong Life, with Annualized First Year Premium HKD80,000 (or equivalent) or above, may receive the coupon of Mannings PharmaCare 2

2) Complimentary Health Service

  • Promotion Period: 1 April to 30 June 2025 (Both Dates Inclusive)
  • Offshore clients3 with successful applications submitted within the Promotion Period for any Eligible Life Insurance Plan(s)5 of Hong Kong Life, with Annualized First Year Premium of HKD180,000 (or equivalent) or above, may enjoy the MedicMart Health Package B 4 provided by MediConCen once.

Remarks:

  1. An Eligible Life Insurance Plan means any life insurance plan underwritten by Hong Kong Life except Fortune Plus III Savings Insurance Plan and Retire-at-Ease II Deferred Annuity Plan.
  2. If the clients submit more than one application for the Eligible Life Insurance Plan with the same life insured, only the policy of the Eligible Insurance Plan with the earliest issue date would be entitled to the Mannings PharmaCare once.
  3. Offshore Client refers to the policyowners who submit an application with an identity document issued by the relevant authorities of a place outside Hong Kong, and such identity document does not include Hong Kong Identity Card, HKSAR Passport or British National (Overseas) passport.
  4. If the clients submit more than one application for the Eligible Life Insurance Plan with the same life insured, only the policy of the Eligible Insurance Plan with the earliest issue date would be entitled to the MedicMart Health Package B once.
  5. Eligible Life Insurance Plans : Wealth Accelerator Multi-Currency Plan (2-Year/5-Year/10-Year Pay) / Family Care Dread Disease Protection Plan (10-Year/20-Year Pay) / Family Fortune Savings Insurance Plan (5-Year/10-Year Pay) / Monthly Reward Whole Life (3-Year Pay) / Prime Reward Whole Life Savings Insurance Plan (3-Year/6-Year/9-Year Pay) / Joyful Whole Life Savings Protection Plan / Your Wealth Whole Life Savings Protection Plan / Perfect 10 Whole Life Protector / Wealth for U Savings Protection Plan / Monthly Reward 18 (3-Year Pay)

Hashtag: #香港人壽 #HKLife #健康服務 #優惠 #MedicMart #CareWeOn健康挑戰 #萬寧藥健保障計劃




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

About Hong Kong Life

Established in 2001, Hong Kong Life Insurance Limited (“Hong Kong Life”) was founded by five local financial institutions including Asia Insurance Company Limited, Chong Hing Bank Limited, CMB Wing Lung Bank Limited, OCBC Bank (Hong Kong) Limited and Shanghai Commercial Bank Limited, which laid their foundations and have been serving people in Hong Kong for more than 50 years in average. Through our extensive network of around 130 distribution points comprising Chong Hing Bank, CMB Wing Lung Bank, OCBC Bank (Hong Kong) and Shanghai Commercial Bank, we offer an integrated one-stop service of insurance and financial planning to customers.

Landis+Gyr Announces FY 2024 Financial Results

CHAM, Switzerland, May 2, 2025 /PRNewswire/ — Landis+Gyr Group AG (SIX: LAND), a leading global provider of integrated energy management solutions, today announced unaudited financial results for financial year 2024 (April 1, 2024March 31, 2025).

  • Exceptional order intake of USD 2.6 billion (up 33.3% YoY) driven by contract wins in all regions, corresponding to a book-to-bill ratio of 1.5
  • Record committed backlog of USD 4.6 billion (up 22.9% YoY)
  • FY 2024 net revenue of USD 1,729.3 million (down 10.5% in constant currency) due to non-recurrence of 2023 pent-up demand realization, tariffs impacting timing of shipments in March and softness in EMEA in the first half
  • Adjusted EBITDA of USD 170.9 million, down 25.7% YoY, due to lower operating leverage and inventory write-off of USD 20 million; strong expense management resulted in a margin of 9.9%; Adjusted EBITDA margin of 10.4% when excluding one-off effects
  • Net loss from continuing operations of USD (84.7) million or USD (2.97) per share (diluted) due to a non-cash goodwill impairment of USD 111.0 million
  • Cash flow from operating activities of USD 78.9 million, down 34.9% on lower profitability and higher working capital
  • To preserve balance sheet strength, a reduced distribution of CHF 1.15 per share is proposed to the Annual General Meeting
  • Guidance for FY 2025 with net revenue growth of between 5% and 8% and Adjusted EBITDA margin in the range between 10.5% and 12.0%
  • Strategic transformation with review of EMEA and U.S. listing progressing according to plan

“Financial year 2024 has underscored the strength and resilience of Landis+Gyr’s business model and technology, demonstrated by our record order intake of USD 2.6 billion and an unprecedented backlog of USD 4.6 billion. This success was driven by our team delivering key wins in the Americas and Asia Pacific, alongside a notably solid performance in EMEA. We remain confident in our long-term growth trajectory supported by the record-high backlog and pipeline, both propelled by the adoption of our innovative grid-edge solutions. With the new management team fully in place, we are continuing to make progress with our strategic transformation, marked by our completed exit from EV charging. We are encouraged to see customers beyond North America embracing grid edge technology to address the challenge of increasing energy demand,” said Peter Mainz, Chief Executive Officer of Landis+Gyr.

Davinder Athwal, Chief Financial Officer of Landis+Gyr, commented: “FY 2024 was a transition year for Landis+Gyr. We are excited about our future and expect 5% to 8% growth in revenue and an improvement in our margins in FY 2025. We are confident in our ability to manage tariff-related costs and at present expect them to have a minimal impact in 2025. Our solid balance sheet positions Landis+Gyr robustly for sustained investment and long-term profitable growth.”

Read the full ad hoc announcement here.

Media Contact
Fabio Franceschi
Phone +41 41 935 6123
Fabio.Franceschi@landisgyr.com 

Investor Contact 
Christian Waelti
Phone +41 41 935 6331
Christian.Waelti@landisgyr.com 

About Landis+Gyr

Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided 9 million tons of CO2 in FY 2024, Landis+Gyr manages energy better – since 1896. With sales of USD 1.7 billion in FY 2024, Landis+Gyr employs around 6,300 talented people across five continents. For more information, please visit our website www.landisgyr.com.

Landis+Gyr Announces FY 2024 Financial Results

CHAM, Switzerland, May 2, 2025 /PRNewswire/ — Landis+Gyr Group AG (SIX: LAND), a leading global provider of integrated energy management solutions, today announced unaudited financial results for financial year 2024 (April 1, 2024 – March 31, 2025).

  • Exceptional order intake of USD 2.6 billion (up 33.3% YoY) driven by contract wins in all regions, corresponding to a book-to-bill ratio of 1.5
  • Record committed backlog of USD 4.6 billion (up 22.9% YoY)
  • FY 2024 net revenue of USD 1,729.3 million (down 10.5% in constant currency) due to non-recurrence of 2023 pent-up demand realization, tariffs impacting timing of shipments in March and softness in EMEA in the first half
  • Adjusted EBITDA of USD 170.9 million, down 25.7% YoY, due to lower operating leverage and inventory write-off of USD 20 million; strong expense management resulted in a margin of 9.9%; Adjusted EBITDA margin of 10.4% when excluding one-off effects
  • Net loss from continuing operations of USD (84.7) million or USD (2.97) per share (diluted) due to a non-cash goodwill impairment of USD 111.0 million
  • Cash flow from operating activities of USD 78.9 million, down 34.9% on lower profitability and higher working capital
  • To preserve balance sheet strength, a reduced distribution of CHF 1.15 per share is proposed to the Annual General Meeting
  • Guidance for FY 2025 with net revenue growth of between 5% and 8% and Adjusted EBITDA margin in the range between 10.5% and 12.0%
  • Strategic transformation with review of EMEA and U.S. listing progressing according to plan

“Financial year 2024 has underscored the strength and resilience of Landis+Gyr’s business model and technology, demonstrated by our record order intake of USD 2.6 billion and an unprecedented backlog of USD 4.6 billion. This success was driven by our team delivering key wins in the Americas and Asia Pacific, alongside a notably solid performance in EMEA. We remain confident in our long-term growth trajectory supported by the record-high backlog and pipeline, both propelled by the adoption of our innovative grid-edge solutions. With the new management team fully in place, we are continuing to make progress with our strategic transformation, marked by our completed exit from EV charging. We are encouraged to see customers beyond North America embracing grid edge technology to address the challenge of increasing energy demand,” said Peter Mainz, Chief Executive Officer of Landis+Gyr.

Davinder Athwal, Chief Financial Officer of Landis+Gyr, commented: “FY 2024 was a transition year for Landis+Gyr. We are excited about our future and expect 5% to 8% growth in revenue and an improvement in our margins in FY 2025. We are confident in our ability to manage tariff-related costs and at present expect them to have a minimal impact in 2025. Our solid balance sheet positions Landis+Gyr robustly for sustained investment and long-term profitable growth.”

Read the full ad hoc announcement here.

Media Contact
Fabio Franceschi
Phone +41 41 935 6123
Fabio.Franceschi@landisgyr.com 

Investor Contact 
Christian Waelti
Phone +41 41 935 6331
Christian.Waelti@landisgyr.com 

About Landis+Gyr

Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided 9 million tons of CO2 in FY 2024, Landis+Gyr manages energy better – since 1896. With sales of USD 1.7 billion in FY 2024, Landis+Gyr employs around 6,300 talented people across five continents. For more information, please visit our website www.landisgyr.com.

Landis+Gyr Announces FY 2024 Financial Results

CHAM, Switzerland, May 2, 2025 /PRNewswire/ — Landis+Gyr Group AG (SIX: LAND), a leading global provider of integrated energy management solutions, today announced unaudited financial results for financial year 2024 (April 1, 2024 – March 31, 2025).

  • Exceptional order intake of USD 2.6 billion (up 33.3% YoY) driven by contract wins in all regions, corresponding to a book-to-bill ratio of 1.5
  • Record committed backlog of USD 4.6 billion (up 22.9% YoY)
  • FY 2024 net revenue of USD 1,729.3 million (down 10.5% in constant currency) due to non-recurrence of 2023 pent-up demand realization, tariffs impacting timing of shipments in March and softness in EMEA in the first half
  • Adjusted EBITDA of USD 170.9 million, down 25.7% YoY, due to lower operating leverage and inventory write-off of USD 20 million; strong expense management resulted in a margin of 9.9%; Adjusted EBITDA margin of 10.4% when excluding one-off effects
  • Net loss from continuing operations of USD (84.7) million or USD (2.97) per share (diluted) due to a non-cash goodwill impairment of USD 111.0 million
  • Cash flow from operating activities of USD 78.9 million, down 34.9% on lower profitability and higher working capital
  • To preserve balance sheet strength, a reduced distribution of CHF 1.15 per share is proposed to the Annual General Meeting
  • Guidance for FY 2025 with net revenue growth of between 5% and 8% and Adjusted EBITDA margin in the range between 10.5% and 12.0%
  • Strategic transformation with review of EMEA and U.S. listing progressing according to plan

“Financial year 2024 has underscored the strength and resilience of Landis+Gyr’s business model and technology, demonstrated by our record order intake of USD 2.6 billion and an unprecedented backlog of USD 4.6 billion. This success was driven by our team delivering key wins in the Americas and Asia Pacific, alongside a notably solid performance in EMEA. We remain confident in our long-term growth trajectory supported by the record-high backlog and pipeline, both propelled by the adoption of our innovative grid-edge solutions. With the new management team fully in place, we are continuing to make progress with our strategic transformation, marked by our completed exit from EV charging. We are encouraged to see customers beyond North America embracing grid edge technology to address the challenge of increasing energy demand,” said Peter Mainz, Chief Executive Officer of Landis+Gyr.

Davinder Athwal, Chief Financial Officer of Landis+Gyr, commented: “FY 2024 was a transition year for Landis+Gyr. We are excited about our future and expect 5% to 8% growth in revenue and an improvement in our margins in FY 2025. We are confident in our ability to manage tariff-related costs and at present expect them to have a minimal impact in 2025. Our solid balance sheet positions Landis+Gyr robustly for sustained investment and long-term profitable growth.”

Read the full ad hoc announcement here.

Media Contact
Fabio Franceschi
Phone +41 41 935 6123
Fabio.Franceschi@landisgyr.com 

Investor Contact 
Christian Waelti
Phone +41 41 935 6331
Christian.Waelti@landisgyr.com 

About Landis+Gyr

Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided 9 million tons of CO2 in FY 2024, Landis+Gyr manages energy better – since 1896. With sales of USD 1.7 billion in FY 2024, Landis+Gyr employs around 6,300 talented people across five continents. For more information, please visit our website www.landisgyr.com.

VinFast signed US$190 million syndicated loan for its automobile plant in Indonesia


JAKARTA, INDONESIA – Media OutReach Newswire – 2 May 2025 VinFast, along with the state-owned Bank Negara Indonesia (BNI) and PT Bank Maybank Indonesia Tbk (Maybank), signed a long-term syndicated loan agreement valued at IDR 1.85 trillion (equivalent to approximately US$110 million), along with an additional US$80 million accordion facility, to finance the construction of VinFast’s electric vehicle assembly plant in Subang, West Java, Indonesia. This agreement will provide critical long-term funding to support VinFast’s global expansion strategy and expand its production capabilities. Furthermore, it underscores VinFast’s strong reputation and growth potential to major partners in Indonesia.

VF 3 – the newest VinFast’s EV in Indonesia.
VF 3 – the newest VinFast’s EV in Indonesia.

Under the terms of the agreement, BNI will be the lead arranger of the financing and will handle the underwriting for the syndicated loan of IDR 1.85 trillion. This loan is intended to finance the construction of PT VinFast Automobile Indonesia’s electric vehicle manufacturing plant.

Of the total syndicated loan facility of IDR 1.85 trillion (equivalent to approximately US$110 million), BNI will finance IDR 1.51 trillion (equivalent to approximately US$90 million), with the remainder to be provided by Maybank.

On top of that, the parties will proceed with the additional US$80 million extension facility.

Previously, VinFast and BNI executed a Memorandum of Understanding (MOU) for collaborative investment, development, and provision of financial solutions to bolster VinFast’s green ecosystem in Indonesia. This initiative aims to facilitate a seamless green transition for Indonesian consumers, enabling easier adoption of electric vehicles.

Mr. Agung Prabowo, Director Wholesale and International Banking BNI stated: “This financing underscores BNI’s firm commitment to fostering the green transportation transition in Indonesia. We hold a strong conviction in VinFast’s pioneering vision, their dedication to innovation, and the significant potential of VinFast and the broader electric vehicle industry. The proactive engagement of financial institutions in channeling investment capital towards the EV sector, particularly through strategic collaborations with promising BEV manufacturers such as VinFast, will be a crucial catalyst, driving Indonesia’s progress towards achieving its objectives for a green and sustainable economy.”

Mr. Pham Sanh Chau, CEO of VinFast Asia, commented: “We are honored to receive the robust support of Indonesia’s leading financial institutions, BNI and Maybank. We firmly believe this will be a vital catalyst for VinFast’s expansion in Indonesia, continuously enhancing our global production capabilities to meet the ever-increasing demand for the electric vehicle transition. VinFast’s manufacturing facility in Indonesia will not only deliver smart, eco-friendly mobility solutions, but also create jobs and support the growth of Indonesia’s electric vehicle industry.”

In July 2024, VinFast broke ground on its electric vehicle assembly plant in Subang, with operations planned to commence in the second half of 2025. This strategically positioned facility is projected to become a pivotal manufacturing hub for VinFast’s EVs, serving both Indonesian and export markets, while simultaneously bolstering the local automotive industry’s supply chain.

Furthermore, VinFast is steadily solidifying its position and expanding its footprint in Indonesia through the launch and delivery of a diverse portfolio of all-electric vehicles, including RHD variant of VF 3, VF 5, and VF e34 models. VinFast is also scaling its dealership and service network across Indonesia, along with providing attractive sales and after-sales policies for early adopters. Collaborating with strategic partners such as the all-electric taxi operator Green SM and global charging infrastructure developer V-GREEN, VinFast is actively cultivating a comprehensive “For a Green Future” ecosystem throughout Indonesia.
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The issuer is solely responsible for the content of this announcement.

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, e-bikes, and e-buses.

VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at:

About BNI

PT Bank Negara Indonesia (Persero) Tbk (BNI), one of Indonesia’s leading banks, is committed to providing various financial solutions for individuals and supporting business growth and success domestically and globally. With a dedication to building long-term partnerships, BNI offers a comprehensive suite of financial services, including capital loans, trade finance, cash management, project financing, and treasury.

BNI also supports Indonesian companies in expanding their global reach while assisting multinational corporations in entering the Indonesian market.

Learn more at: