Balta Group

Balta Group Nv. Balta Group NV is a Belgium-based company engaged in the home furnishings industry. The Company is a producer of textile floor coverings in Europe. Its products portfolio encompasses: woven and tufted area rugs (balta home), wall-to-wall carpets and residential carpet tiles (balta carpets and ITC), wall-to-wall contract carpet and commercial carpet tiles (arc edition, modulyss and Bentley), and needle felt and technical non-wovens (Captiqs). It has several production sites worldwide in the domestic market, Turkey and the United States. In addition, Balta Group NV delivers customer-focused approach to its business and is engaged in the solar panel projects in the Benelux region in order to supply renewable energy to fuel its production facilities.
  • TickerBALTA
  • ISINBE0974314461
  • ExchangeEuronext Brussels
  • SectorHousehold Goods & Home Construction
  • CountryBelgium
ING
ING Helpdesk

Benelux Morning Notes

Balta: Trading update for Covid-19. Bekaert: Selling Hemiksem site for €23m cash, €36m revenue gain. Euronav: Buying its own shares

Guy Sips ...
  • Wim Hoste

Morning Note: BALTA BB, BAR BB, BEKB BB, KIN BB

Balta: 2Q revenue -36.5% Barco: 1H preview: looking for a “Silver lining on Covid-19” Bekaert: Sells Hemiksem site Kinepolis: Mouth masks will be compulsory in Belgian cinemas

ING
ING Helpdesk

Benelux Morning Notes

Adecco: 1Q20 results review; more of the same. Agfa-Gevaert: Closing of the partial sale of Agfa Healthcare. Balta: Negative Covid-19 impact on 1Q20. bpost: 1Q20 results in line - no outlook but FY20 likely well below consensus. D'Ieteren: Car registrations drop 90% in April, VW 91% GrandVision: 80% April sales decline, net debt hardly moved Kendrion: It is all about 2Q, net debt stable for now

Alan Vandenberghe ...
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: AGFB BB, BALTA BB, BPOST BB, DSM NA, GVNV NA, IVA FP, MITRA BB

Agfa: Completed sale of part of HealthCare’s IT business Balta: 1Q results still OK, coming quarters will be tougher bpost: Slightly better Q1 results, no dividend update yet DSM: Preview: resilience from Nutrition expected in 1Q GrandVision: Materially affected by COVID-19 Inventiva: NATIVE-trial baseline characteristics disclosed Mithra: Myring commercialization in Switzerland with Gynial

Cedric Duinslaeger ...
  • Guy Sips
  • Lenny Van Steenhuyse
  • Michiel Declercq
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: BALTA BB, DIE BB, MTLS US, MDXH BB, SOF BB

Balta: Lowering forecasts and rating D'Ieteren: Proposes € 0.15 p.s of dividend to solidarity program Materialise: Covid-19 : a next step towards an additive future MDxHealth: MVM becomes largest shareholder Sofina: India: Sofina’s Treasure Island

ING
ING Helpdesk

Benelux Morning Notes

Balta: Trading update for Covid-19. Bekaert: Selling Hemiksem site for €23m cash, €36m revenue gain. Euronav: Buying its own shares

Guy Sips ...
  • Wim Hoste

Morning Note: BALTA BB, BAR BB, BEKB BB, KIN BB

Balta: 2Q revenue -36.5% Barco: 1H preview: looking for a “Silver lining on Covid-19” Bekaert: Sells Hemiksem site Kinepolis: Mouth masks will be compulsory in Belgian cinemas

ING
ING Helpdesk

Benelux Morning Notes

Adecco: 1Q20 results review; more of the same. Agfa-Gevaert: Closing of the partial sale of Agfa Healthcare. Balta: Negative Covid-19 impact on 1Q20. bpost: 1Q20 results in line - no outlook but FY20 likely well below consensus. D'Ieteren: Car registrations drop 90% in April, VW 91% GrandVision: 80% April sales decline, net debt hardly moved Kendrion: It is all about 2Q, net debt stable for now

Alan Vandenberghe ...
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: AGFB BB, BALTA BB, BPOST BB, DSM NA, GVNV NA, IVA FP, MITRA BB

Agfa: Completed sale of part of HealthCare’s IT business Balta: 1Q results still OK, coming quarters will be tougher bpost: Slightly better Q1 results, no dividend update yet DSM: Preview: resilience from Nutrition expected in 1Q GrandVision: Materially affected by COVID-19 Inventiva: NATIVE-trial baseline characteristics disclosed Mithra: Myring commercialization in Switzerland with Gynial

Cedric Duinslaeger ...
  • Guy Sips
  • Lenny Van Steenhuyse
  • Michiel Declercq
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: BALTA BB, DIE BB, MTLS US, MDXH BB, SOF BB

Balta: Lowering forecasts and rating D'Ieteren: Proposes € 0.15 p.s of dividend to solidarity program Materialise: Covid-19 : a next step towards an additive future MDxHealth: MVM becomes largest shareholder Sofina: India: Sofina’s Treasure Island

ResearchPool Subscriptions

Get the most out of your insights

Get in touch