luukschmitz/validation_500 huggingface dataset:
CENTURY TEXTILES AND INDUSTRIES LIMITED (2023-10-20):
We have won Society of Energy Engineers and Managers, SEEM's GOLD award successfully third time in row, this is about
improving energy efficiency by any manufacturing facility.
 Considering the constantly changing market dynamics against the backdrop of ongoing geopolitical crisis, we have shifted our focus
for maximizing productivity to optimizing cash flow, which involves closely monitoring our working capital and inventories. We
are developing new sustainable products by utilizing our dedicated state-of-the-art and R&D facility, design and supply chain.
DR. REDDY'S LABORATORIES LIMITED (2022-01-28):
Some of the prices did not go down yet to the original level, but I don't anticipate
additional inflation in that moment...
Damayanti Kerai
HSBC, Research Division
Very broadly, we can assume that the peak is over and price might see, I'll say, more moderation from here on?
Erez Israeli
CEO & Member of the Management Council
As much as 1 can predict it looks better now. Hard to predict with the pandemic and the geopolitical situation in the world,
there are so many more other big event, which would be...
Damayanti Kerai
HSBC, Research Division
And my second question is, can you talk a bit about your biosimilar portfolio, which you are working on? And which are
your target markets for key products?

DR.
DR. REDDY'S LABORATORIES LIMITED (2022-01-28):
Sir, the second question is on the Russia, Ukraine business. Given the geopolitical situation,
what's your read of the situation? Have you seen any disruption or any problem in a business that you are doing over
there?
SOGEFI S.P.A. FY NINE MONTHS (2023-10-23):
I would say we need to wait to see if there will be any impact on the material cost. The current energy,
let's say, increases are a bit too early to say if it's recurring or just some reaction of the market to geopolitical tensions in the world. I
don't see irrational or a big increase of material costs next year for steel, I don't see, except if there is a big boom on energy.
ROGERS CORPORATION (2019-10-30):
These challenges are continuing into Q4 with recent economic data pointing to
declining factory activity, lower industrial output and falling auto sales. In addition, the geopolitical tensions between China
and the U.S. which have resulted in trade restrictions on sales to Huawei, are impacting 5G demand. While Rogers is
able to continue sales to our direct fabricator customers, there is uncertainty regarding Huawei's ability to maintain 5G
deployments without certain U.S. components and whether the performance of its alternative base station design will be
acceptable.
BERGEN CARBON SOLUTIONS AS (2022-11-09):
We are working towards material suppliers, industry-leading companies and national
authorities to place Bergen Carbon Solutions on the industrial map and secure political attention.
 The development in the geopolitical situation with -- following disruptions in supply chains has made it more and more obvious that
there is a need for Europe to become more self-sufficient when it comes to critical raw materials. This is a megatrend that works in our
favor.
BERGEN CARBON SOLUTIONS AS (2022-11-09):
We have several exciting projects going on, for example, Project C,
where we are investigating how we can use our technology to mass produce graphite from CO2. This is really exciting because it can
enable us to utilize substantial amounts of CO2 while contributing to solve the geopolitical challenges in the raw material supply.
 Our main focus area is still in the battery sector.
BERGEN CARBON SOLUTIONS AS (2022-11-09):
And we have recently launched our Project C with the intention of investigating our ability to produce anode graphite directly from
the CO2 emissions. Overall, meaning that by implementing our technology in the European battery value chain, we can help sorting
out the geopolitical situation and reduce the European addiction for raw materials from, for instance, China.
 And this is why we have launched our newest project, Project C. With Project C, we are aiming to investigate our ability to produce
large volumes of graphite to support the European energy transition towards 2030.
GJENSIDIGE FORSIKRING ASA (2022-07-15):
Good morning and welcome, everyone. Since our last earnings call, global economic uncertainty and
market turbulence have reached new highs, fueled by persistent geopolitical risks and higher inflation. All of the Nordics
are not immune.
LIBERTY OILFIELD SERVICES INC. (2022-04-21):
North America oil and gas are critical in the
coming years. Tight oil and natural gas markets, coupled with geopolitical tensions in many key oil and gas producing
regions have all eyes on North American supply.
 The North American economy is proving more resilient to today's global challenges in significant part due to a secure
local supply of price advantage natural gas.
SHAWCOR LTD. (2023-05-12):
Our simplified portfolio of high-value materials-based products
has limited exposure to consumer discretionary spending and we believe has resilience in the face of recessionary forces.
 While we remain vigilant towards the potential impacts of geopolitical events, supply chain risks and higher interest rates, we also
remain confident our momentum will continue. We expect adjusted EBITDA in the second quarter of 2023 to approach the levels
achieved in the first quarter before rising very substantially in the second half of the year, driven by continued Composite Systems
growth and significant pipe coating activity, including elevated margin contributions from the Southeast Gateway Pipeline project.
ETTEPLAN OYJ (2023-02-17):
Of course, the uncertainty is also high, and it was high throughout the year due
to the war. And there were also geopolitical tensions that had impacts, for example, in China on our business.
 Then on the positive side, if there were on the consumer-driven businesses, there were negative signs to the demand.
ETTEPLAN OYJ (2023-02-17):
Impacts were
slightly higher, but still relatively similar impacts. And in China, of course, the geopolitical tensions did have an impact on the overall
demand. And then in China, where the COVID pandemic was still existing during last year, so in the beginning of the year, there were
restrictions that stopped certain activities which had an impact in the second quarter.
SAIPEM SPA (2019-02-28):
The harsh environment of offshore drilling market is
already showing signals of vitality, and demand in the Middle East remains good, but also competition is still tough. The
international onshore drilling market is expected to gradually recover with Latin America dynamics, depending on the
evolution of geopolitical issues. In the Middle East, demand remains significant, but competition, too.
SUMCO CORPORATION (2022-08-04):
This time around, the only way to increase production capacity is with greenfield expansion. This has coincided with
the emergence of geopolitical developments such as the invasion of Ukraine by Russia or the intensifying trade friction
between the U.S. and China, which has led to longer lead times for many items or longer delivery times.
 For example, even if we want to ramp up new equipment, it may not be possible for the supplier to send staff to provide
on-site support.
SUMCO CORPORATION (2022-08-04):
However, now, expanding production capacity can only be done with greenfield
investments, so it will take time for the capacity to come online. This is being exacerbated by the surge in geopolitical risks
as well as the ongoing pandemic impact.

 SUMCO CORPORATION FQ2 2022 EARNINGS CALL  AUG 04, 2022
SUMCO CORPORATION (2022-08-04):
I have one question. You have talked about geopolitical risk. If the U.S. were to block
sales of SPE to China, then I believe that semiconductor production in China would grind to a halt, which would lead to a
shortage in devices.
BEACON ROOFING SUPPLY, INC. (2022-05-05):
We expect end market demand remain strong even
as headwinds such as inflationary pressures, supply chain disruption and labor, and material shortages persist. Overall
macro indicators are mixed, and we will keep a watchful eye on economic and geopolitical developments. Residential
roofing demand and the residential-exposed areas within our complementary products will continue to benefit from R&R,
and new construction market tailwinds.
BEACON ROOFING SUPPLY, INC. (2022-05-05):
The rising trend in activity we saw begin
several quarters ago is expected to continue.
 The architectural billing index and overall sentiment remains positive watchful eye on economic and geopolitical
developments. Residential roofing demand and the residential exposed areas within our complementary products will
continue to benefit from R&R and new construction market tailwinds.
FIRAN TECHNOLOGY GROUP CORPORATION (2023-02-09):
[indiscernible] provided guidance of 3% to 5% growth for 2023.
 The defense market is government-funded and appears well supported in the near term due to increased geopolitical tensions across
the globe. Looking at the longer term, Boeing's most recent 20-year forecast shows long-term industry growth, and it continued to
show 40% of all new aircraft deliveries going to Asia as has been the case in the recent forecast.
FIRAN TECHNOLOGY GROUP CORPORATION (2023-02-09):
This is a onetime event and will benefit our Q1 2023 income and further strengthen our
balance sheet. With the more complex geopolitical situation in China, I'm sure there are questions [indiscernible] about our activities
there. In 2022, both our operations in China had their best sales year ever, and both were profitable.
FIRAN TECHNOLOGY GROUP CORPORATION (2023-02-09):
Also in
2022, the C919 aircraft development program achieved CAAC certification and we are finally in a position to see production orders
after 10 years of development. This will benefit our China operations going forward and make them less susceptible to geopolitical
uncertainties. But notwithstanding all this good news, we are being cautious about our operations in China, and any further increase in
tension between China and other countries could impact our operations there in the future.
MITHRA PHARMACEUTICALS SA (2022-03-08):
Here at Mithra, as you
know, women's health is really the heart of our concerns and our business. Before starting with the highlights of last year,
I would like to give a short comment about the geopolitical situation in Eastern Europe and the potential impact on our
company.
 As you know, we had foreseen the launch of Estelle in Russia in the third quarter of this year.
ENEA AB (2020-01-30):
Jan HÃ¤glund
President & CEO
Thank you, Simon. Yes, we have previously commented on the fact that geopolitical uncertainties create
potential delays on the market. And I think uncertainty and delay is not good for anyone.
ANDRITZ AG (2022-04-29):
Daniel Lion
Erste Group Bank AG, Research Division
Do you see any changes in CapEx patterns, especially related to the energy-intensive industries you're supplying through
Pulp & Paper in the end? Given the geopolitical tensions now related to energy and since potential risks to being short of
energy going forward, is there any change in investment patterns that you might see?
 Joachim SchÃ¶nbeck
President, CEO & Member of the Executive Board
BLACKROCK TCP CAPITAL CORP. (2020-02-26):
However, we think domestic
political uncertainty including the pending 2020 presidential election could weigh on business investment
decision-making and long-term capital expenditure planning. In addition, geopolitical volatility and other
disruptions like the coronavirus continue to create uncertainty.
 While the economic outlook may be uncertain, our team is focused on delivering the results our
shareholders have come to expect from TCPC.
UBS GROUP AG (2020-07-21):
Operator
The next question is from Kian Abouhossein from JPMorgan.
 Kian Abouhossein
JPMorgan Chase & Co, Research Division
The first question is about geopolitical issues, clearly, Hong Kong and China. If you can just comment how uncertainty and
other issues, clearly, they are affecting your business.
UBS GROUP AG (2020-07-21):
And I expect that really good collaboration to continue going forward as well to help both
businesses.
 Sergio P. Ermotti
Group CEO & Chairman of Group Executive Board
So Kian, on geopolitical uncertainties, I have to say that in the last few weeks, we haven't really seen any major impact on
client activity per se. I would say that we are monitoring the situation carefully as clients are doing the same.
UBS GROUP AG (2020-07-21):
So I'm not overly concerned
about that.
 If I look also in the second half of the year, one has to also look at those geopolitical tensions, both in Asia, but also
in the U.S. As I mentioned before, if you think about 61% of the investor telling you that they will change their asset
allocation, regardless of the outcome of the elections, makes me comfortable that there is an element of transaction
activity and business that will likely to happen in the second half of the year.
ATOS SE (2017-07-26):
So this is an answer to
your potential concern. If we had, let's say, a geopolitical problem in this region it will not impact us and
we will be able to cope with other GBUs. But regarding the solidity of our business, we'll continue to grow
quarter-after-quarter, and that's a very solid one.
NOF CORPORATION (2022-11-18):
In Japan, as socioeconomic activities continued to normalize, there were signs of a pickup in consumer spending, capital investment
production activities, and other areas. Although the Group continued to face concerns over global raw material price hikes,
semiconductor supply shortages, the Ukraine crisis, and other geopolitical risks, overall domestic and overseas demand remained
strong, resulting in consolidated net sales, consolidated operating income, consolidated ordinary income, and net income attributable
to owners of the parent all exceeding those for the same period of the previous year.
 In H2, as we move into a new phase of living with COVID-19, which will further strengthen the balance between infectious disease
control and socioeconomic activities, we will continue to closely monitor risks such as semiconductor supply shortages, rising raw
material and fuel prices, and a downturn in overseas demand, while expecting a normalization of economic activities.
NOF CORPORATION (2022-11-18):
I will answer the question.
 First of all, the main reasons for the decline in sales increase/decrease are the ongoing geopolitical risks from the recent invasion
of Ukraine by Russia, supply chain instability, and semiconductor supply shortages. These are still partially out there.
CELSIA S.A. E.S.P. (2023-05-10):
Unknown Executive
Yes, when we do it. We do it by the increase that due to geopolitical factors. We had -- there was an adjustment in the CPI.
AGREE REALTY CORPORATION (2023-05-05):
On earlier calls, I stressed that we would avoid moving up the risk curve or shifting
our strategy. We have been very successful leveraging our relationships and core competencies to identify extremely high-quality
opportunities as economic and geopolitical uncertainties remain.
 During the first quarter, we invested over $314 million in 95 high-quality retail net lease properties across our 3 external growth
platforms.
JOHNSON MATTHEY PLC (2022-05-26):
And in terms of phasing, we are following an exceptionally strong first
half last year so our year-on-year performance will be significantly weighted towards the second half.
 Longer term, the current geopolitical situation is likely to drive significant acceleration towards a net zero carbon economy,
which will position us really well for long-term growth. So in summary, we've delivered a robust performance in challenging
market conditions.
BOSTON PROPERTIES, INC. (2019-07-31):
As a result, central banks around the world are turning accommodative. There are
also geopolitical risks including a U.S. trade war with China, no-deal Brexit and tensions in the Middle East.
 Lastly, in the U.S., growth has become more narrow and consumer reliant and corporate earnings are also down modestly
in 2019.
NEW YORK MORTGAGE TRUST, INC. (2017-11-03):
The company, like everyone else, will continue to diligently
monitor the activities in Washington, including the new tax proposals just released yesterday.
 The impact from the newly announced Fed Chairman, which was also released yesterday as well as other
geopolitical events that seem to be never-ending in -- both in our country and around the world. We
continue to believe that our portfolio is well positioned to adapt to these changing markets and economic
environments and look forward to speaking to you in the future.
ADVANCED ENZYME TECHNOLOGIES LIMITED (2023-11-10):
The economic landscape remain volatile, plus inflation across the globe continues to challenge economic
stability in various parts of the globe. The geopolitical situation also could have some impact on crude prices, increased interest rates
and cautious spending by customers amidst global geopolitical tensions. Specialty chemical industry is experiencing a slowdown on
account of the sluggish export demand in some of the geographies like U.S., Europe and Lat Am.
PARK HOTELS & RESORTS INC. (2018-11-02):
And then one more on the asset recycling topic, if I may. How has inbound interest from
overseas buyers been trending, given the strength of the dollar and geopolitical noise and the like? And
then maybe you could just talk about what you're seeing in the major buckets of buyer types out there
right now?
ALTAGAS LTD. (2022-03-04):
The unfortunate events that have been unfolding in Eastern Europe
illuminate the critical value of energy independence and diversity. These events are already producing far-reaching
geopolitical implications regarding energy security.
 Germany recently announced plans to further diversify its energy supply with the recent announcement of planned
additions for 2 new LNG terminals, as well as numerous discussions by foreign countries related to the investment and
long-term contracting of diverse energy supply.
ALTAGAS LTD. (2022-03-04):
Your first question comes from Linda Ezergailis of TD Securities.
 Linda Ezergailis
TD Securities Equity Research
Just wondering, beyond the broad industry implications on recent unfortunate geopolitical events and the clear value of
Western Canadian and North American energy security and supply, how are you thinking about maybe the implications
that might have on AltaGas' strategy? And maybe any specific operational potential impacts beyond constructive demand
fundamentals?
Randall L. Crawford
President, CEO & Non-Independent Director
Linda, this is Randy.
ALTAGAS LTD. (2022-03-04):
Thank you for the question. Specifically, on the geopolitical unrest and the impact on AltaGas,
specifically, I would say there's not an impact overall. But as I said in my prepared remarks, we're seeing a lot of interest
from foreign markets that are interested in controlling their destiny around energy.
ALTAGAS LTD. (2022-03-04):
Linda, so we are seeing an increased response in some of the supply basins that we, of course, access.
 And that's primarily driven, as you alluded to, to the geopolitical events. We're also seeing an increased focus on those
producers responding to an increase in the climate initiatives.
ALTAGAS LTD. (2022-03-04):
spglobal.com/marketintelligence
14
Operator
Your next question comes from Ben Pham of BMO.
Benjamin Pham
BMO Capital Markets Equity Research
I wanted to start with your comments around derisking your business over time. And I'm wondering to your comments
around the geopolitical risk and pipe supply commodity prices rising. Has -- is that enough or has that changed your view
on maybe the pace at which you're looking to derisk or hedge your business over time or is it's status quo from before?
LIBERTY MUTUAL HOLDING COMPANY INC. (2022-02-24):
And I think that's where the closure of courts and some of the uncertainty still lingering
post COVID continues to drive that uncertainty.
 What I would also say is that we do think that the geopolitical shifts that we're seeing occurring right in front of our eyes,
as we look at today, continue to drive this focus around the uncertainty underlying these loss cost trends. So that's broadly
what I would say to you.
LIBERTY MUTUAL HOLDING COMPANY INC. (2022-02-24):
That's helpful. Speaking about the geopolitical issue, with some of your specialty lines or maybe looking at the Lloyd's
businesses, is there exposure to that region, the Russia-Ukraine region? Is there any, or do most policies exclude war
damage and so forth?
HONEYWELL INTERNATIONAL INC. (2023-02-02):
Now with that, I'll turn the call back over to Darius on Slide 10.
Darius E. Adamczyk
Chairman of the Board & CEO
2022 was another year of both challenges and progress for Honeywell. Despite another host of macroeconomic and geopolitical
difficulties, we attacked the challenges we faced head on. We overdelivered on our financial commitments.
CAZOO GROUP LTD (2023-10-25):
We now expect to finish
the year with between GBP 100 million and GBP 115 million of cash and cash equivalents, and between GBP 20 million and GBP 30
million of self-finance inventory.
 Higher interest rates, high used car prices, rising insurance premiums and the recent spikes in fuel prices, driven by geopolitical
conflicts means higher cost of car ownership to customers. Demand for used cars will remain volatile.
MARICO LIMITED (2022-11-04):
If you could kind of give some comments on that,
please?
Saugata Gupta
MD, CEO & Executive Director
 So I think when we gave that comment, we expected that the global geopolitical and the situation will have a solution, that solution
hasn't happened. We continue to experience that inflation.
NORWEGIAN ENERGY COMPANY ASA (2022-05-10):
A significant
underinvestment in gas supply for almost a decade was one of the main drivers at a time. And for the past 2.5 months, a
devastating backdrop has added significant geopolitical strain on the energy balance in Europe.
 Energy security is critical.