Daily Archives: May 15, 2020

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

Watch out for plummeting imports of raw, auxiliary materials: BPS

Jakarta The head of the Central Statistics Agency (BPS) urged to keep a sharp lookout for a fall in imports of raw and auxiliary materials since the industrial, trade, and investment sectors stand to be affected.

“One aspect that we must be aware of is the decline in the imports of raw materials and capital goods. To this end, we need to be watchful from time to time since the impact is quite large on the industrial, trade, and investment sectors,” Suhariyanto remarked during a videoconference in Jakarta on Friday.

Suhariyanto expounded that in April 2020, the import value of consumer goods had plunged 4.03 percent, or US$51 million. Moreover, the imports of raw and auxiliary materials had reduced by nine percent, or worth $925 million. The value of imports of capital goods rose by nine percent, or $162.1 million.

During the January-April 2020 period, the import value of the three classes of economic goods use reduced by 7.78 percent, or $4.3 billion, as compared to the corresponding period in the previous year.

A decline of 0.2 percent, or $80 million, occurred in the category of consumer goods; 7.30 percent, or $3 billion, in raw and auxiliary materials; and 14.12 percent, or $1.2 billion, in capital goods.

 

Source: Antara News

National farm workers’ daily nominal wages increased in April: BPS

Jakarta The Central Statistics Agency (BPS) highlighted that the daily nominal wages of national farm workers in April 2020 reached Rp55,318, a slight rise of 0.12 percent, from Rp55,254 per day in March 2020.

“The wages of national farm workers are stable and increased by 0.12 percent,” BPS Head Suhariyanto remarked while holding an online press conference in Jakarta on Friday.

The BPS head believes this condition was influenced by the 0.11-percent inflation in villages in April 2020. Thus, the real wages of farm laborers tended to be stable.

Suhariyanto remarked that the daily nominal wages of construction workers (non-foremen) in April 2020 increased to Rp89,675, or a rise of 0.01 percent, from Rp89,666 per day in March 2020, while real wages decreased by 0.07 percent.

The average nominal wages of hairdressers in April 2020 increased by 0.21 percent to reach Rp28,607, from Rp28,547 in March 2020. The real wages of hairdressers in April 2020 rose by 0.13 percent, to Rp27,297, from Rp27,261 in March 2020.

Furthermore, the average nominal wages of household assistants in April 2020 rose by 0.01 percent, to Rp419,780, from Rp419,739 per month in March 2020. The real wages of household assistants in April 2020 decreased by 0.07 percent, to Rp400,820, as compared to that in March 2020.

 

Source: Antara News

181 migrant workers from Malaysia land at Tanjung Emas Port

Semarang, C Java Some 181 Malaysia-returned Indonesian migrant workers arrived at the Tanjung Emas Port in Semarang, Central Java, on Friday morning.

On arrival at the port, the migrant workers were subject to thermal scanning to check their body temperature in line with the health protocol.

Only two of the 181 migrant workers came from Central Java, while the rest hailed from Lampung, West Nusa Tenggara, West Java, and East Java, Head of the Harbormaster Office and Port Authority of Tanjung Emas Port Junaidi remarked.

The migrant workers were transported by land from Malaysia to Pontianak, West Kalimantan, and thereafter shipped to different cities in Indonesia aboard MV Dharma Rucita 9.

“They departed from Pontianak on May 13,” he stated.

Junaidi noted that the migrant workers had secured health certificates in adherence to the health protocol.

Migrant workers arriving at the port have to undergo the mandated temperature checks.

Head of the Health Office of Tanjung Emas Port Aryanti explained that polymerase chain reaction (PCR) testing will be conducted on migrant workers that were unwell on disembarking from the ship and would later be quarantined.

In the wake of the COVID-19 pandemic, President Joko Widodo (Jokowi) has instructed relevant ministries to adopt precautionary measures for the return of 34 thousand Indonesian migrant workers, whose work contract will end in May and June.

“Precautionary measures must be taken against this, and adequate preparations must be made. We should handle their arrival through certain entry gates and monitor their movement to their hometowns,” Jokowi stated during a videoconference on the acceleration of COVID-19 handling at the Merdeka Palace here on Monday.

A total of 70,367 Indonesian migrant workers returned to Indonesia in the wake of the novel coronavirus disease (COVID-19) outbreak, Chairman of the Task Force for the Acceleration of COVID-19 Response Doni Monardo stated recently. In the course of the subsequent few days, 12,758 Indonesian crew members will also return home, and 17 cruise ships will dock at the Tanjung Priok Seaport in North Jakarta and Benoa Port in Bali.

 

Source: Antara News