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AKWEL: TURNOVER FOR THE 1st QUARTER OF 2020

                               14 May 2020

TURNOVER FIGURES FOR THE 1st QUARTER OF 2020

Turnover down by 6.6%

Outperforming the market in relation to global automotive production

A high level of cash flow generation

AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, has posted consolidated turnover of €273.5m in the first quarter of 2020, down by -6.6 % compared to the first quarter of 2019.

Consolidated turnover for the 1st quarter of 2020 (from 1 January to 31 March)

In € millions – unaudited 2020 2019 Variation Like-for-like variation
1st quarter 273.5  293.0 -6.6 % -5.9 %

The turnover for the first quarter of 2020 was down by 5.9% when comparing like-for-like figures, including an exchange rate impact of €2.3 million. This quarterly performance reveals two very contrasting trends: significant growth in business in the first two months of the year (+4.0%), followed by a sharp decline in March (-27.5%) with steep falls in the automotive market as a result of the COVID-19 crisis. Under these exceptional conditions, AKWEL has largely outperformed its market (with global production down by 23.6% over the same period) thanks to its dynamism at the start of the year and its low level of exposure to the Chinese market.

The net financial debt (excluding IFRS 16) has fallen by €24.2m since 31 December 2019, thanks to record cash flow generation during this quarter. In this time of crisis, AKWEL attaches particular importance to preserving its financial resources and has succeeded in once again generating major cash surpluses during April.

It already appears that the second quarter will be more difficult than the first, with more heightened and more global exposure to the crisis except in China, where the group’s three sites have already resumed their activities since mid-March. Everywhere else, a slow resumption is underway, pointing to a less favourable environment in the third quarter.

With its capacity for fast decision-making and adaptation, its effective strategic model and a particular its strong financial position, AKWEL is today well placed to come through this unprecedented crisis in the automotive market.

 
An independent family group listed on the Euronext Paris Stock Exchange, AKWEL is an automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, offering first-rate industrial and technological expertise in applying and processing materials (plastics, rubber, metal) and mechatronic integration.

Operating in 20 countries across five continents, AKWEL employs almost 12,000 people worldwide.

 

Euronext Paris – Compartment B – ISIN: FR0000053027 – Reuters: AKW.PA – Bloomberg: AKW:FP

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Asia Pacific Demand for Cloud Solutions Reaches Record High in Q1, ISG Index™ Finds

Regional market continues to be propelled by as-a-service sourcing, even as managed services slumps in response to pandemic

SYDNEY, Australia, May 14, 2020 (GLOBE NEWSWIRE) — Asia Pacific’s demand for cloud-based as-a-service solutions soared to a new record in the first quarter, even as demand for managed services slumped in response to the coronavirus pandemic, according to the latest state-of-the-industry report from Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The ISG Index™, which measures commercial outsourcing contracts with annual contract value (ACV) of US $5 million or more, found Asia Pacific’s as-a-service market jumped 25 percent, to a record US $1.7 billion of ACV in the quarter, while managed services dropped 27 percent, to US $522 million. The two segments, combined, were up 8 percent, to US $2.2 billion. As-a-service accounted for more than 75 percent of the region’s combined market for the second consecutive quarter.

As-a-service sourcing was boosted by strong demand for Infrastructure-as-a-Service (IaaS), which climbed 32 percent, to a record US $1.5 billion, despite some pandemic-related demand constraints in China during the quarter. Demand for Software-as-a-Service (SaaS), meanwhile, softened, with ACV of US $213 million, down 8 percent off a record first quarter in 2019.

Managed services, although down compared with a robust first quarter last year, was up 26 percent sequentially from a weak 2019 fourth quarter. Within managed services, first-quarter demand was equally soft for IT outsourcing (ITO), down 27 percent, to US $438 million, and for business process outsourcing (BPO), down 26 percent, to US $84 million. Most major markets were down for the quarter, with the exception of Australia-New Zealand, which rose against a soft year-ago quarter—breaking a string of three consecutive down quarters.

“We continue to see growth in the IaaS segment as more and more enterprises shift their workloads to the public cloud, or to a hybrid cloud environment,” said Scott Bertch, partner and head of ISG Asia Pacific. “Demand for managed services, on the other hand, was softer against a robust first quarter last year, and showed signs of pandemic-related weakness.”

ANZ was a bright spot this past quarter, with ACV of US $149 million, up 33 percent, driven by solid demand from the manufacturing, consumer packaged goods and business services industries, Bertsch noted. “Thankfully, the impact of COVID-19 was more muted in ANZ compared with other parts of the world,” he said.

Trailing 12-Month Performance

Over the trailing 12 months, regional ACV in the as-a-service segment advanced 19.4 percent, to US $5.7 billion, representing 69 percent of the combined market, while ACV for managed services declined 5.8 percent, to US $2.6 billion, despite market vigor in China and India.

Within the as-a-service segment, IaaS soared 25.3 percent, to US $4.9 billion, as demand for public cloud surged. A notable example of this shift was the migration of China’s Alibaba to its own public cloud. Google and Microsoft, meanwhile, have launched development centers in India, and Microsoft struck a 10-year deal with Reliance Industries to move its data centers to the Azure cloud. Hankook Tire in South Korea, also expanding its use of public cloud, signed with AWS to leverage its AI and Big Data capabilities.

Within managed services, ITO dipped 9 percent, driven by a double-digit decline in Infrastructure services, even as application services shored up overall ITO results. The much smaller BPO market regained some momentum, with facilities management and industry-specific BPO fueling ACV gains.

Among industries in Asia Pacific, telecom and media (up 50 percent), manufacturing (up 41 percent) and business services (up 18 percent) were the largest percentage gainers in combined market ACV. Financial services (down 23 percent), travel, transport and leisure (down 11 percent) and energy (down 6 percent) registered the biggest declines.

Global Forecast

ISG said it expects managed services ACV to decline 17 percent sequentially in the second quarter as overall spending slows in response to the pandemic. For the full year, ISG projects managed services spending will be down 7 percent versus the prior year. This compares with ISG’s preliminary forecast in January of 3.2 percent annual growth for 2020.

Second-quarter as-a-service ACV is expected to be flat, quarter over quarter, with some upside potential for IaaS, ISG said. For the full year, ISG forecasts as-a-service ACV will be up 12 percent versus the prior year. This compares with ISG’s preliminary forecast in January of 23.5 percent annual growth for 2020.

About the ISG Index™

The ISG Index™ is recognized as the authoritative source for marketplace intelligence on the global technology and business services industry. For 70 consecutive quarters, it has detailed the latest industry data and trends for financial analysts, enterprise buyers, software and service providers, law firms, universities and the media. In 2016, the ISG Index was expanded to include coverage of the fast-growing as-a-service market, measuring the significant impact cloud-based services are having on digital business transformation. ISG also provides ongoing analysis of automation and other digital technologies in its quarterly ISG Index presentations.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

Press Contacts:

Will Thoretz, ISG
+1 203 517 3119
will.thoretz@isg-one.com

Jim Baptiste, Matter Communications for ISG
+1 978 518 4527
jbaptiste@matternow.com

Align Technology Expands Digital Platform With Cloud-Based ClinCheck™ Pro 6.0 and ClinCheck “In-Face” Visualization for Invisalign Treatment

  • New ClinCheck software moves digital treatment planning to the cloud for access anywhere, on any device
  • Powerful new tool aids digital treatment planning and helps patients visualize personalized treatment outcomes using their photos and 3D models

SAN JOSE, Calif. and LONDON, May 14, 2020 (GLOBE NEWSWIRE) — Align Technology, Inc. (NASDAQ: ALGN) today introduced the latest version of its proprietary ClinCheck treatment planning software at the Invisalign Scientific Symposium, a fully digital event for Invisalign-trained orthodontists. ClinCheck software provides doctors with a 3D model of planned tooth movements throughout the Invisalign treatment. ClinCheck Pro 6.0 moves Invisalign digital treatment planning to the cloud, making its robust ClinCheck treatment planning tools and features available to doctors anytime, anywhere, on any laptop, personal computer or tablet. The release includes the new ClinCheck “In-Face” Visualization tool, an enhanced doctor-facing digital clinical tool that combines a photo of the patient’s face with their 3D Invisalign treatment plan, creating a personalized view of how their new smile could look.

ClinCheck “In-Face” Visualization is designed to help doctors with their digital treatment planning and to increase patient understanding of the benefits provided by Invisalign treatment through enhanced visualizations of their personalized treatment outcome. The ClinCheck “In-Face” Visualization workflow combines three components of Align’s digital treatment platform: Invisalign Photo Uploader for patient photos, the iTero intraoral scanner to capture data needed for the 3D model of the patient’s dentition, and ClinCheck Pro 6.0.

“Cloud-based ClinCheck Pro 6.0 and ClinCheck ‘In-Face’ Visualization are the latest components of the end-to-end digital treatment platform we provide to doctors,” said Raj Pudipeddi, Align’s chief innovation, product, and marketing officer and SVP. “They represent important advancements in our industry leading digital platform – the convenience and accessibility of cloud-based computing and the power of visualization. Being able to merge a 2D facial photo and 3D treatment plan to show patients a personalized view of their planned treatment outcome is an incredible tool for doctors in terms of treatment acceptance. ClinCheck Pro 6.0 and ClinCheck ‘In-Face’ Visualization are the first in what we intend to be a series of innovations to reimagine our digital treatment planning experience for doctors. The experience and know-how from treating more than 8 million Invisalign patients enables us to continually improve our treatment planning process and helps maintain our position as a market leader.”

“ClinCheck ‘In-Face’ Visualization is a game-changer for doctor treatment planning and for interacting with my patients in my digital practice,” said Dr. Ahmad Hagar, an Invisalign trained doctor practicing in Freiburg, Germany. “Being able to see a new, straighter version of their teeth in a photo of themselves creates a powerful emotional connection for the patient. We’re no longer just planning and showing them how we will move teeth; we’re showing them how their smile could be transformed through Invisalign treatment.”

In addition to ClinCheck “In-Face” Visualization, ClinCheck Pro 6.0 offers users a treatment planning solution that provides doctors with a more intuitive design and an enhanced user experience. This includes improvements to allow doctor modifications through 3D controls and new education features such as dynamic tool tips and product tour. Finally, the cloud-based solution allows doctors to treatment plan with flexibility across devices and ensures that they have the latest version of the software without the need for additional downloads.

Doctors will access ClinCheck Pro 6.0 by logging on to their Invisalign Doctor Site to access patient files – there is no need to download or install an application. ClinCheck Pro 6.0 with “In-Face” Visualization will be available starting in the third quarter of 2020.

For more details about the Invisalign Scientific Symposium including times, and details about how to sign up to participate, visit: www.invisalignscientificsymposium.com.

About Align Technology, Inc.

Align Technology designs and manufactures the Invisalign® system, the most advanced clear aligner system in the world, iTero® intraoral scanners and services, and CAD/CAM software. Align has helped treat over 8 million patients with the Invisalign system and is driving the evolution in digital dentistry with the iTero intraoral scanner and exocad CAD/CAM software − modernizing today’s practices by enabling enhanced digital orthodontic and restorative workflows to improve patient outcomes and practice efficiencies. Visit www.aligntech.com for more information.

For additional information about the Invisalign system or to find an Invisalign doctor in your area, please visit www.invisalign.com. For additional information about the iTero digital scanning system, please visit www.itero.com. For additional information about exocad dental CAD/CAM offerings and a list of exocad reseller partners, please visit www.exocad.com.

Align Technology Zeno Group
Madelyn Homick Sarah Johnson
(408) 470-1180 (828) 551-4201
mhomick@aligntech.com sarah.johnson@zenogroup.com