Kendrion NV

Kendrion develops, manufactures and markets high-quality electromagnetic systems and components. Co.'s electromagnets are used all over the world in products such as lifts, door locking systems, industrial robots, medical equipment, electrical switchbox systems, diesel engines and airconditioning systems. Co.'s activities are performed in four business units: Industrial Magnetic Systems, Industrial Drive Systems, Passenger Car Systems and Commercial Vehicle Systems.
  • TickerKENDR
  • ISINNL0000852531
  • ExchangeEuronext Amsterdam
  • SectorIndustrial Engineering
  • CountryNetherlands
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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

KENDRION NV sees a downgrade to Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of KENDRION NV (NL), active in the Industrial Machinery industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date April 7, 2020, the closing price was EUR 9.95 and its target price was estimated at EUR 9.45.

ING
ING Helpdesk

Benelux Morning Notes

Ahold Delhaize: Covid-19 costs. Aperam: Appoints new CFO. D'Ieteren: Withdraws guidance, suspends buybacks. IMCD: Covid-19 update, coming months uncertain but 1Q20 reasonable Kendrion: Covid-19 update Sioen Industries: Covid-19 update and cancellation of 2019 dividend

Kendrion N.V.: 1 director bought

A director at Kendrion N.V. bought 1,400 shares at 13.499EUR and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

ING
Tijs Hollestelle

Kendrion/In the eye of the storm/BUY

Kendrion released better-than-expected 4Q19 results. Although revenue was somewhat below our forecasts, the adjusted EBITA was higher than expected as the company once more displayed strong cost containment. Management stated that market conditions remained weak in both Automotive and Industry, but that demand levels were stabilising somewhat. The 29% YoY growth achieved in China is a clear positive signal to us as this is not so much related to market conditions in China, which are poor, but the fact Kendrion is winning market share and new projects are ramping up. Kendrion expects further gr...

Kendrion N.V.: 1 director bought

A director at Kendrion N.V. bought 1,400 shares at 13.499EUR and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

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

KENDRION NV sees a downgrade to Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of KENDRION NV (NL), active in the Industrial Machinery industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date April 7, 2020, the closing price was EUR 9.95 and its target price was estimated at EUR 9.45.

ING
ING Helpdesk

Benelux Morning Notes

Ahold Delhaize: Covid-19 costs. Aperam: Appoints new CFO. D'Ieteren: Withdraws guidance, suspends buybacks. IMCD: Covid-19 update, coming months uncertain but 1Q20 reasonable Kendrion: Covid-19 update Sioen Industries: Covid-19 update and cancellation of 2019 dividend

ING
Tijs Hollestelle

Kendrion/In the eye of the storm/BUY

Kendrion released better-than-expected 4Q19 results. Although revenue was somewhat below our forecasts, the adjusted EBITA was higher than expected as the company once more displayed strong cost containment. Management stated that market conditions remained weak in both Automotive and Industry, but that demand levels were stabilising somewhat. The 29% YoY growth achieved in China is a clear positive signal to us as this is not so much related to market conditions in China, which are poor, but the fact Kendrion is winning market share and new projects are ramping up. Kendrion expects further gr...

ING
ING Helpdesk

Benelux Morning Notes

Flow Traders: January ETP market volumes. Heijmans: Preview - solid 2H, return of dividend? Dutch market prospects more clouded. KBC: Bolt-on acquisition of OTP Banka Slovensko; minimal impact on CET1 (-0.2%). Kendrion: Solid 4Q, end markets stabilising

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