luukschmitz/validation_500 huggingface dataset:
ENIGMO INC. (2023-03-16):
We would like to try anyway to create a second
business pillar following the BUYMA business and establish a new revenue base. We intend to make this year the foundation for
creating a business portfolio that mitigates the impact of foreign exchange rates and geopolitical factors.
 As for specific targets, we have set two major themes for this fiscal year: the evolution of the customer experience in the BUYMA
business and the creation of a new revenue base through new businesses and M&A.
ENIGMO INC. (2023-03-16):
On the other hand, we may consider dropping them to Tier 2 or, in some cases, selling them to outside companies if they are no longer
in step with the times. In this way, we will always determine the areas of our strategic focus and build a business portfolio that is less
susceptible to the influence of the times, currency exchange rates, and geopolitics, but can grow continuously and take advantage of
our strengths.
 As part of these efforts, we strategically invested in Cykinso, Inc., the number one company in terms of the number of intestinal flora
tests conducted, to enter a new area of business.
HERMÃˆS INTERNATIONAL SOCIÃ‰TÃ‰ EN COMMANDITE... (2021-07-30):
These good results reward the extraordinary
work of all our teams and the solidity of our model, but we remain aware of the uncertainties linked to the pandemic and
the global context.
 In the medium term, despite the economic, geopolitical and monetary uncertainties in the world, the group confirms an
objective of ambitious progression of its revenue at constant exchange rates. The 2021 theme, a guiding thread of the
creation, is that of the Odyssey, and thus, we pursue our journey such as the Odyssey's, faithful to himself despite the
challenges and successes.
TTK PRESTIGE LIMITED (2022-05-30):
So obviously, we wanted to first feed the domestic market before we go for the export market. Now we believe that
exports do offer us an opportunity because of China and the new geopolitical situation, and the China Plus One
happening with all buyers. And we believe that we are here to capture -- capitalize on that.
FIERA CAPITAL CORPORATION (2018-11-09):
Investors had plenty to contemplate during the third quarter,
including an escalation of President Trump's protectionist agenda, turmoil in emerging markets and
politically charged environments in Europe. The good news is that the direct economic impact from these
geopolitical tensions is likely to be manageable. Despite the hostile trading environment and despite
the market correction experienced in October, we expect the global economy to continue continually
driven.
FIERA CAPITAL CORPORATION (2018-11-09):
Furthermore, the fiscal stimulus for both the U.S. and China is set to expand
the economic upturn well into 2019 and provide a buffer as major central banks take coordinated steps
towards monetary policy normalization.
 Taken together, narrative for the -- of a synchronized global expansion remains firmly intact, while the
accommodative monetary and fiscal impulse should allow the expansions to continue uninterrupted in the
coming year, helping to overcome the uncertain geopolitical backdrop at hand.
 Looking ahead, we are enthusiastic about our 2022 strategic plan, which aims to establish Fiera Capital as
a top-tier multi-strategy asset manager recognized for providing the best solutions to our clients globally.
THE HONGKONG AND SHANGHAI HOTELS, LIMITED (2020-03-17):
There's a slight decline in RevPAR.
 The Middle East market segment was impacted by the U.S. administration's travel restrictions and
geopolitical tensions. The hotel's food and beverage performance improved in 2019.
BROWN-FORMAN CORPORATION (2023-06-07):
We are optimistic as we look ahead. We have now cycled through the largest impacts of the
pandemic and after the global macroeconomic and geopolitical volatility experienced in fiscal 2023, we believe trends are beginning
to normalize around the world. After 2 years of strong growth, which were well above our long-term trends, we continue to believe
that the strength and increasing premiumization of our portfolio of brands, the resilience of our people and the strategic investments
we have made will deliver continued growth on this elevated base.
TP ICAP GROUP PLC (2023-03-14):
I'll start with Global Broking. Total revenue in Global Broking was up 7% at GBP 1.3 billion with growth in all
asset classes in a year of significant volatility driven by geopolitical events and a highly uncertain macro environment. Rates remains
our largest and most profitable asset class.
TP ICAP GROUP PLC (2023-03-14):
In foreign exchange, there were 3 key drivers of volatility in volumes in 2022. The strength of the U.S. dollar, the pound
hitting all-time lows in conjunction with inflationary pressure and geopolitical uncertainty.
 Looking ahead, we expect recessionary pressures and interest rates to continue driving currency volatility.
NOVA LTD. (2022-08-04):
While we keep gaining momentum from multiple industry growth driver in
various semiconductor segments, we continue to expand our portfolio diversification and its market adoption to secure
long-term growth and outperformance. This quarter results demonstrate once again the resiliency we're embedding into
our operating model, which continues to be strained by multiple elements, including supply chain issues and various other
macroeconomics and geopolitical concerns. We believe that the fundamental changes implemented in the company over
the last 2 years to meet our strategic goal of reaching $500 million in revenue will significantly strengthen the company
position in multiple verticals and markets in the next few years.
ORIENTAL CARBON & CHEMICALS LIMITED (2022-08-03):
Hope each one
of you had a chance to go through the same.
 The global economy is reflecting high inflation and supply chain disruptions on account of geopolitical tensions. High
energy prices have impacted industries across sectors.
ORIENTAL CARBON & CHEMICALS LIMITED (2022-08-03):
There has been a surge
in demand for tippers and tractor trailers. Automotive and tire demand shall improve with the expected moderation in
inflationary pressures and improved geopolitical sentiments.

 ORIENTAL CARBON & CHEMICALS LIMITED FQ1 2023
VIMTA LABS LIMITED (2023-10-30):
Before Narahari takes you through
our numbers in detail, let me run you through the general economic landscape and more specifically on how our industry and business
have done during Q2. The global economy remains unsettled with persistent inflation, which is coupled with geopolitical disruption,
as we all know. These uncertainties have dampened the global consumer demand triggering a ripple effect across multiple industries.
TAKEDA PHARMACEUTICAL COMPANY LIMITED (2022-05-11):
Soticlestat, a development for rare pediatric epilepsy disorders, has experienced a delay in the target filing date to
FY2024. This delay was due specifically to the geopolitical situation in the Ukraine and Russia, as well as COVID-19
lockdowns in China. We are taking multiple, multiple approaches to enhancing clinical enrollment in order to minimize
delays and optimize global filing timelines.
TAKEDA PHARMACEUTICAL COMPANY LIMITED (2022-05-11):
The previous timeline assumed filing an approval on a positive interim analysis, for which we remain hopeful but not
presumptive. In addition, the program has had global site challenges from the geopolitical situation in Ukraine and Russia,
COVID-19 lockdowns in China, and US enrollment challenges due to the approval of both EXKIVITY and amivantamab.
 Going forward, we see great potential to further enrich our pipeline.
KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (2019-07-31):
This budget
agreement once signed in the law positions several large Kratos programs, including our drone business
to begin development, begin initial production or realize increased production, we believe positioning the
company for sustained significant future organic growth.
 Additionally, as a result of the increasing geopolitical threat environment, we could see even higher
defense budgets in the future as indicated by the 5-year future years' defense program plan or FYDP,
which was recently released in March of this year.
 Directly related to increasing defense budgets, the recapitalization of strategic weapon systems to address
peer and near peer threat is accelerating globally in Kratos' primary business areas of unmanned systems,
missile defense, hypersonics, space, microwave electronics and training systems are well positioned to
address the U.S. and our allies' mission-critical national security priorities and requirements.
MASTERCARD INCORPORATED (2022-07-28):
Inflationary pressures have remained persistent, and we are now seeing central banks taking even
more aggressive steps to reduce inflation as we have seen with the Fed yesterday.
 The situation has been compounded by geopolitical tensions and supply chain constraints, which have eased from
pandemic peaks but remain in many industries. Despite this, unemployment rates remain low, wages are rising and
consumer savings levels remain high.
MASTERCARD INCORPORATED (2022-07-28):
We
are well positioned to capitalize on this growth with our travel-oriented portfolios.
 As Michael mentioned, there are a number of macroeconomic factors that could influence future economic growth:
employment and wage levels, consumer savings levels, persistent and elevated inflation and rising interest rates and
geopolitical tensions in particular. We are monitoring each of these, but on balance, expect a modest improvement in
cross-border travel versus 2019 levels and a generally resilient consumer spending through the remainder of 2022.
MASTERCARD INCORPORATED (2022-07-28):
David Mark Togut
Evercore ISI Institutional Equities, Research Division
Among your largest geographic regions, Europe continues to generate the greatest payment volume outperformance
versus our model. You underscored a number of geopolitical and economic risks for Europe. Going forward, especially
as we head into the winter, can you talk through Mastercard's growth algorithm, what that might look like in a significant
economic slowdown in Europe?
TECAN GROUP AG (2022-03-15):
But clearly, I mean, as we all know, 2022 just started, a lot of dynamics around us, but maybe you hear
from my voice that we look at it positively. And we feel, particularly from the operational side, well covered as of course,
we can't kind of foresee any other macroeconomic or geopolitical events at this moment.
 Christoph Gretler
CrÃ©dit Suisse AG, Research Division
Yes.
JACOBS ENGINEERING GROUP INC. (2020-11-24):
Across all core sectors, our discrete solution sets are making progress, allowing us to cross-sell and leverage our global
market connectivity. While economic and geopolitical indicators point to continued volatility, we remain optimistic due to
our resilient and balanced portfolio across core sectors and geographies and our agility responding to shifting market
trends.
 Now I'll turn the call over to Kevin to discuss our financial performance in more detail.
LINDE AKTIENGESELLSCHAFT (2016-03-10):
This was particularly true in the emerging markets. In
addition, geopolitical tension, local troubled spots and low oil prices contributed to a market reluctance to
invest among other customers in the Engineering Division.
 Even under these circumstances, we increased revenue by 5.3% to EUR 18 billion.
KONGSBERG AUTOMOTIVE ASA (2022-05-13):
And these
are in particular the unexpected lockdown in economical important regions of China, which is for us as Kongsberg an
over-average profitable region; as well continuously high cost for semiconductors, which has impacted our Off-Highway
area strongly in Q1 and which apparently lasts longer into the year. So in addition, the industry as well, KOA as well
faces extended raw material and flexibility costs as general inflation costs combined with labor shortage driven by the
geopolitical situation.
 Looking into the cash flow then.
KONGSBERG AUTOMOTIVE ASA (2022-05-13):
It depends on further probably unexpected developments in this crisis situation. So what I'm talking about, the
extension of our lockdown in China or an extraordinary long time in the war could certainly influence here the geopolitical
situation but as well the consequently macroeconomic and as well the automotive area, again, including Kongsberg.
 But nevertheless, looking into today, we would like to announce here our guidance for the full year 2022 on an expected
level when it comes to the revenue, between EUR 900 million and EUR 935 million and an adjusted EBIT in the range
of EUR 38 million to EUR 44 million.
KONGSBERG AUTOMOTIVE ASA (2022-05-13):
But that's why we added here as well the disclaimer. As long as we don't have the crystal ball, we need to really
observe the market and the geopolitical trends.
 Jakob Bronebakk
Director of Investor Relations

KONGSBERG AUTOMOTIVE ASA FQ1 2022 EARNINGS CALL  MAY 13, 2022
KONGSBERG AUTOMOTIVE ASA (2022-05-13):
That was one of the topics.
 And the second topic was that at this stage, we were just starting to see these geopolitical tensions and the start of the
Ukraine war. We saw a global downturn, which in an extent was, at that time, completely intransparent for each and
everybody.
KONGSBERG AUTOMOTIVE ASA (2023-03-14):
2, let's say, implementation of raw material
price clauses in contracts, we had launch of benchmarking RFQs. We did resourcing, new shoring activities and sourcing on lower
costs, but we're looking as well to adjust our supply base towards the macro economical and geopolitical circumstances in order to
increase our independency and being more flexible and reacting more better in future on those crisis.
 But summing it up, we see the energy price and inflation still ongoing.
KONGSBERG AUTOMOTIVE ASA (2023-03-14):
So we found here for ready for execution, a quite good model. The other topic, what comes the second view or angle
view on this is certainly the geopolitical situation, which we need to consider here as well how we're keeping our, let's say, footprint
more stabilized and more independent and more preventive for every, let's say, geopolitical crisis. So both of these are forming our
new footprint strategy.
MICRO FOCUS INTERNATIONAL PLC (2022-06-22):
Looking more broadly, it feels like a whole new world has emerged since we last spoke. The geopolitical uncertainty
created by Russia's invasion of Ukraine, the resulting impact on energy prices and global supply chains, combining to
slow growth and spike inflation, not to mention the dramatic collapse in tech valuations have made the market backdrop
clearly more complex or even unprecedented.
 We are, of course, not immune to macroeconomic factors, particularly relating to costs and investment cycles, but I do
want to take a moment to draw out a few important points.
INGERSOLL RAND INC. (2022-08-04):
Demand remains very strong as we sit here today. And when we see the supply chain risk and geopolitical and macroeconomic
uncertainties continue to be a concern, we stay focused on what we can control while leveraging our strong balance sheet and
operational mindset to deliver on our own 2022 commitments and beyond.
 We also remain very agile in this environment, and you will see today how we continue to accelerate organic investments for growth
around innovation and demand generation.
TECH MAHINDRA LIMITED (2017-05-26):
In terms of how
the strategy will eventually play out, I and the team continue to remain very, very confident about this
approach that we are taking to business. So from a short term standpoint, just to conclude, we are really
looking at countries, portfolio, type of services and the other geopolitical issues that we are looking at in
a few countries that we were presented, that we inherited, that we will be looking to exit over the next
couple of months as well besides whatever we have done so far.
 Anantha Narayan
CrÃ©dit Suisse AG, Research Division
And just, Manoj, getting to my third question on the EBIDTA margins.
SGS SA (2019-07-18):
We have all had the chance to read the release by now, so
we'll just focus on a few of them.
 Consumer and Retail had a pleasing performance given the geopolitical backdrop. It continues to grow
strongly with 5.5% organic growth in the first half.
AMBARELLA, INC. (2020-11-23):
Q3 revenue of $56.1 million was above the high-end of our original guidance range. CV led the way but we also faced
stronger than expected demand for video processors, despite the persistent geopolitical and public health risks. Gross
margin of 62.7% was above the high end of our long-term model for the second consecutive quarter, reflecting a favorable
customer mix and continued operational execution.
AMBARELLA, INC. (2020-11-23):
I will now discuss the outlook for Q4 FY '21. Our visibility has improved, but we remain on guard for risks related to the
pandemic and geopolitical factors. Furthermore, as the semiconductor industry supply chain tightens, our operations
teams remain vigilant in their efforts to manage manufacturing lead-times and on-time deliveries.
AMBARELLA, INC. (2020-11-23):
First of all, it sounds like you're assuming the video process business to be flat in
fiscal '22. Is that just because of CV cannibalizing or you're just being a bit conservative there, too, given the geopolitical
tension still?
Louis P. Gerhardy
Director of Corporate Development & Investor Relations
Yes. Well, go ahead.
ASUSTEK COMPUTER INC. (2022-11-10):
Looking to slide number nine, our region mix. You can see that in Europe, the United States, and the Americas, because of various
issues, such as inflation, geopolitical issues, and lowering consumer confidence, the share for these two regions has gone down, but
the share of Asia, in particular, driven by Southeast Asia and India, has grown to 52%.
 Looking to the next slide, which is our outlook for Q4 of 2022.
MPC CONTAINER SHIPS ASA (2019-08-30):
Overall, the container shipping industry continues to endure macroeconomic uncertainty in Q2 and the full
of the first half of 2019, one prominent contributor of which being the unpredictability around the U.S.-
China trade tensions. Adding to this were other geopolitical impact factors such as the potential risk of a
global economic slowdown, all the impending IMO 2020 low sulphur regulations. Consequently, demand
forecasts for 2019 have been revised downwards in the course of the first half of 2019.
JANUS HENDERSON GROUP PLC (2018-07-31):
Second, there is annual initiatives and projects that we choose to invest in. And in 2018, that's dominated
by a number of mandatory initiatives required to be compliant with the changing regulatory regimes,
along with geopolitical elements like Brexit. And third is the impact of FX rates, primarily sterling-dollar
and a standard level of inflation that impacts our revenues and expenses each year.
KONTOOR BRANDS, INC. (2023-02-28):
Our team was with them
just this last week going through business plans and really laying out the assortment for the back half of the year. And we're going to
continue to invest in the brand and really monitor the geopolitical conditions that are out there. But we believe the long-term growth in
this really highly accretive region is there for us.
FRANCO-NEVADA CORPORATION (2023-08-09):
As a result, the sharp fall in energy prices impacted our GEOs sold
generated by our energy assets, which were 28,683 for the quarter compared to 50,387 in Q2 2022. As you will recall, energy prices
saw a sharp increase in 2021 and 2022 due to many factors with the largest being geopolitical tension.
 Slide 7 highlights our total revenue and adjusted EBITDA amounts for the 3 months ended June 30, 2023 and 2022.
IQVIA HOLDINGS INC. (2022-10-26):
Thank you for joining us today to discuss our third quarter results.
 IQVIA delivered another quarter of strong financial results despite market concerns about slowing demand, broader macroeconomic
challenges and the various global geopolitical issues. In fact, indicators of demand both from customers and in the market generally
remain healthy.
SHEELA FOAM LIMITED (2022-05-13):
We invested money into a unit close to Mumbai and started producing.
 There have been some, what I would say, starting up kind of hiccups, like shipping and availability of containers and then
the geopolitical situation changing, and therefore, the customer saying, let's put it to a little bit of a hold, then there is a
start and there is a stop, et cetera.
 But I could just say that most of those things or the teething troubles are getting sorted out.
TRICON CAPITAL GROUP INC. (2016-03-10):
It is something that we would like to
pursue, albeit more likely in the second half of this year. And our expectation is that spreads will tighten
a little bit as some of the kind of geopolitical overhang gets resolved and there's more stability in the U.S.
economy. So our target is to do something in the second half of this year.
JFROG LTD. (2022-08-03):
We don't see that impact on the smaller deals.
 Regarding the geopolitical question you had, what we see in EMEA is very similar to what we see in North America.
 We don't see any kind of headwinds coming from the geopolitical situation in Ukraine.
JFROG LTD. (2022-08-03):
Regarding the geopolitical question you had, what we see in EMEA is very similar to what we see in North America.
 We don't see any kind of headwinds coming from the geopolitical situation in Ukraine. Actually, EMEA responds to
the economic changes as North America, as I mentioned before.
ULTRA CLEAN HOLDINGS, INC. (2022-04-27):
We are
confident in our ability to navigate and adapt using the flexible operating protocols that have served us well since the
beginning of the pandemic. Broader macroeconomic and geopolitical instability continues to exasperate issues in an
already gradual supply chain. While we believe that China shutdown will be temporary in nature, we anticipate supply
chain challenges could persist for some time.
ULTRA CLEAN HOLDINGS, INC. (2022-04-27):
Kinney Chin
Cowen and Company, LLC, Research Division
Perfect. And I guess just switching to other regions, Europe, in particular, just from a logistics standpoint, I mean I guess,
just given the geopolitical situation now in Eastern Europe. Are you seeing any impact to like your delivery schedules for
any customers out in Europe at this time?
MAPFRE, S.A. (2023-02-09):
Now I will continue with the asset disclosure. The uncertain geopolitical and macroeconomic context, and
monetary policy obviously has affected the value of our investment portfolio as well as the pension and mutual funds, bringing assets
under management down by over 9%, you got at the bottom of the slide. Rate increases have been significant across regions, mainly
Spain, Italy, but also in the U.S. Spanish sovereign debt continues to be the largest exposure in our portfolio with nearly EUR 9
billion, a larger share of these positions are, as you know, allocated to immunized portfolios, reducing our exposure to higher rates.
PIPER SANDLER COMPANIES (2022-04-29):
Turning to Corporate financing. Market volatility, a drop in valuations and a more cautious investor outlook driven
by economic concerns and geopolitical risks have largely shut down the equity Capital Markets. After 2 years of
unprecedented activity, the pause was not unexpected.
MOLTEN VENTURES PLC (2022-11-22):
And so therefore, European VC is still a very, very interesting space.
 And we're still seeing a lot of activity, and we are still very confident that despite the -- some of the macroeconomic and some of the
geopolitical issues, that have affected the economies, the opportunity within European VC, we still think is both considerable and
exciting. As far as the tech businesses, and I know that there are a different -- a number of different ways you can view tech.