Sales of CHF 5,834.8 million (+9.2% in CHF) in first half of the year Sales increase by 12.8% in local currencies, negative foreign currency impact of -3.6% Material margin expands to 55.1% (first half of 2023: 52.7%) EBITDA margin jumps to 18.7% (first half of 2023: 16.5%) Operating profit before depreciation and amortization (EBITDA) of CHF 1,092.9 million (previous year: CHF 881.1 million) Successful integration of MBCC with raised synergy guidance for the year (CHF 100 – 120...

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ING today announced the appointment of Daniele Tonella as chief technology officer (CTO) and member of the Management Board Banking, effective 5 August 2024. He will succeed Marnix van Stiphout who has held the role ad interim since 1 November 2023, in addition to his roles as chief operations officer and chief transformation officer. Daniele Tonella (Swiss) has over 20 years of experience in technology leadership roles in the financial industry and is currently active in advisory and board roles...

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New ecodesign for sustainable products rules enter into force As of this week, new EU rules on ecodesign for sustainable products, setting out strict requirements and consumer information to almost all categories of physical goods have entered into force. The cornerstone of the Commission’s approach to more sustainable goods, it aims to significantly improve these products’ circularity, energy performance, and other environmental sustainability aspects. It will replace the existing Ecodesign Directive and is part of a package of measures to...

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Littler published their Q2 Global Guide newsletter on July 24. Select US and European highlights are below. You can read the full guide here.   Austria New Teleworking Law New Legislation Enacted Authors: Patricia Dasch, Associate, and Armin Popp, Attorney-at-Law – Littler Austria During the COVID-19 pandemic the conditions for home offices were regulated by law for the first time. Austria’s Parliament has now passed the Teleworking Act intended to improve conditions for working from home, which will go into effect on January 1, 2025....

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M&A will continue to be a critical tool to unlock value and drive innovation across health industries as dealmakers gear up for a busy second half of 2024. By Christian K. Moldt, Global Health Industries Deals Leader, Partner, PwC Germany | Dealmakers in pharmaceuticals and life sciences and in healthcare services are eager to get deals done in 2024 as they grow more comfortable navigating an environment of elevated interest rates and regulatory pressure. Competition for truly innovative assets remains...

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(New York, New York) – Tradewind Finance, an international trade finance firm specializing in cash flow solutions that enable business growth and seamless cross-border trade, is expanding its footprint in Mexico with two new hires. The company’s growing team in the region comes at a time when Mexico has become a major trading partner for countries including the United States, making trade finance an attractive tool for facilitating export and import transactions.   Rafael Marin Mattozzi joins the Tradewind Americas sales...

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What’s in store for von der Leyen’s second term in the Berlaymont European Commission President was elected for a second term on Thursday (18 July) in Strasbourg. Although it was expected to be a very close call, von der Leyen received 401 votes, well above the 361-vote threshold. The vote shows that 284 lawmakers voted against her re-election, while there were 15 abstentions and 7 void. Her vote was successful following the Greens’ announcing just before the vote that they would...

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