Economy

2023-07-05 15:55:53

Ensure fair remuneration for grape producers thanks to a fair trade label. A study launched by the Vitis Aequitas foundation looked into the project, but not everyone is excited regarding the idea.

Would a fair trade label that ensures that the winegrower producing the grapes was paid correctly be a selling point? Opinions differ.

François Mamin/ Le Nouvelliste / Archives
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#Valais #winegrowers #working #creation #fair #trade #wine

2023-07-05 15:05:00

(AOF) – Aeronautical subcontractor, Figéac Aéro rose 3.23% to 5.12 euros the day following solid annual results. Over the whole of the 2022-2023 financial year, operating profitability continued to improve with an EBITDA margin of 11.8% of revenue, up 30 basis points compared to the 2021 financial year/ 22. In absolute value, recurring EBITDA came to 40.3 million euros, reflecting, as announced, a strong improvement in the second half of the year at 25.4 million euros, ie a margin of 13.3%. The group thus achieved its profitability target for the year.

In addition, Figeac Aéro’s net loss fell over the period to €18.1 million compared to a loss of €43.1 million in 2021-2022.

In addition, the group recorded a turnover growth of 21.2% (+14%) compared to the previous financial year, to 341.6 million euros, thus achieving its turnover objective. . The group is in line with its trajectory of returning to pre-crisis turnover levels (447 million euros in March 2020).

Sales growth was mainly driven by the increase in production rates in the Aerostructures & Aeromotors division, which recorded a 22.7% jump in sales over the period and, to a lesser extent, by foreign exchange and impact of inflation.

Diversification activities are also well oriented with an increase in turnover for the year of 6.7%.

The recovery of the Group’s accounts for the 2022/23 financial year is also reflected in a sharp increase in cash generation, with a cash flow of 22.8 million euros, compared to 18.3 million euros a year earlier, an increase of 24.6%. In total, the net cash flows generated by the activity over the period amount to 31.1 million euros.

In accordance with the announced objective, free cash flows are thus positive at 5.4 million euros, the same level as the previous year, despite the non-recurring investments.

In terms of prospects, the group has set itself for the 2023-2024 financial year to reach a turnover of between 375 and 390 million euros, with a current Ebitda between 48 and 53 million euros.

AOF – LEARN MORE

The end of a duopoly?

For several decades, the American Boeing and the European Airbus have shared 99% of the world market for airliners with more than 110 seats. This market weighs more than 100 billion dollars per year. However, this duopoly seems to be weakened in 2022 for several reasons. First, for the first time, two medium-haul single-aisle aircraft, the Chinese Comac’s C919 and the Russian Irkut’s MC-21, are regarding to enter service. Added to this is the Boeing 737 MAX crisis. With the cessation of deliveries of this aircraft between 2019 and 2021, the production balance has been broken. In 2021 Boeing posted 340 deliveries, with Airbus remaining well ahead with 611.

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#Figeac #Aéro #increases #sales #reduces #annual #losses

2023-07-05 15:15:02

Is the social elevator broken? While the income inequality have been widening for several decades, social mobility is marking time. People at the bottom of the ladder find it more and more difficult to climb the ladder, while the most grosses fortunes generally manage to increase their wealth.

A study of the OECD looked at the average number of generations needed by people born in the poorest families (among the poorest 10%) to reach the average income level in their country.

With 6 generations required, France is one of the worst performers in the OECD – the average of the 30 countries analyzed being 4.5 generations. I’Germany does not stand out for its social mobility either, while the rise is on average a little faster in the United Kingdom, Italy and Switzerland (5 generations), as well as in Spain and Belgium (4 generations) .

Among the OECD countries studied, the prize for social mobility goes to Denmark, where 2 generations are enough on average for an individual from a modest background to reach the average income level. Conversely, it is in Colombia that the strongest inertia is measured (11 generations to rise to the average income), a country which offers comparatively few prospects for social ascent.

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#Graphic #social #elevator #broken

2023-07-05 15:02:23

Global Markets Group Bank of Ayudhya Public Company Limited has a view on the direction of the baht this week that The baht this week tends to move within a range of 34.90-35.70 baht/dollar compared to last week. The baht closed at 35.43 baht/dollar following trading in the range of 35.15-35.72 baht/dollar, with the baht hitting its weakest level in seven months while the dollar strengthened once morest most major currencies last week. After the president of the US Federal Reserve (Fed) reiterated that it may raise interest rates several times and did not rule out the opportunity to raise interest rates at the meeting on July 25-26, stating that keeping interest rates at the next meeting The latest objective is to assess the impact on the economy from recent interest rate hikes. As for policy implementation in the future, it will depend on economic conditions. While the Fed chairman commented that the current policy is closer to the appropriate point.

However, efforts to bring inflation back down to targets might take another year or two as most US economic data show solid sentiment. The yen hit a seven-and-a-half-month low as investors watched whether the Bank of Japan (BOJ) would intervene to limit the yen’s depreciation. After the BOJ intervened last year with USD/JPY above 145, foreign investors bought Thai stocks net 1,214 million baht, but bond sales amounted to 3,199 million baht. In the first half of the year, the baht depreciated. 2.6%

for an overview this week. Global Markets Group Krungsri stated that the market will pay attention to the release of the minutes of the Fed meeting on June 13-14 and the June employment data of the US, which will affect the assessment of the direction of the Fed interest rate. next At the moment, investors expect an 84% probability that the Fed will raise interest rates 25bp to 5.25-5.50% at its July 25-26 meeting. Interest rates are out to 67 despite a slowdown in personal consumption figures in May.

for domestic factors Thailand had a current account deficit of $2.8 billion in May. Meanwhile, the BOT assessed that economic activity in June improved in line with the number of tourists. Going forward, the global economy and financial markets are highly uncertain and volatile. establishment and policies of the new government high cost of living and impact on vulnerable groups.

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#Krungsri #expects #baht #trade #range #34.9035.70 #week #hoping #employment #data #Thai #Tabloid #Online #News #Agency