>We cut our gross profit forecast by 10%, but increase EBITDA by 7% - FY 2023 revenues fell materially below our forecast as the shift from growth to value had a bigger impact on revenues than anticipated. This was partially mitigated by slightly higher gross margins and much better cost control. In this report we lower our revenue forecast by 15% and our gross profit forecast by 10%. Our EBITDA forecast for FY 2024-25 increases by 7%.Restarting the growt...
>Q1 saved by Vabysmo - Q1 sales at group level were in line with the consensus, up 2% cc (-6% CHF). The pharmaceuticals (+0.9% vs cons.) business was up 2% cc (-6% CHF) largely driven by Vabysmo (96%, 11% vs cons.) and Phesgo (+61%, 23% vs cons.), to a lesser extent. Flagship products like Ocrevus (1.3%, -0.4% vs cons.), Hemlibra (0.6%, -3.1% vs cons.) and even Tecentriq (-6%, -5.5% vs cons.) delivered clearly disappointing performances. The diagnostics activity grew...
Title correction: EXEL Industries : Second quarter 2023–2024 sales down 1.8% Second quarter 2023-2024 sales: down 1.8% Varying sales performance across activities Q2 sales(January 2024–March 2024) 2022-2023 2023-2024 Change (reported) Change (LFL*) Reported Reported €m % €m % AGRICULTURAL SPRAYING 147.7 157.4 +9.7 +6.5% +12.0 +8.1% SUGAR BEET HARVESTERS 34.3 17.1 -17.2 -50.1% -17.1 -4...
Correction du titre: EXEL Industries : Chiffre d’affaires 1er trimestre 2023–2024 - 1,8 % Chiffre d’affaires 2e trimestre 2023–2024 : - 1,8 % Des ventes contrastées selon les activités Chiffre d'affaires T2(janvier 2024–mars 2024) 2022–2023 2023–2024 Variation à données publiées Variation à tcpc* Publié Publié Millions € % Millions € % PULVÉRISATION AGRICOLE 147,7 157,4 + 9,7 + 6,5 % + 12,0 + 8,1 % ARRACHAGE DE BETTERAVES 34,3 17,1 - 17,2 - 50,1 % - 17,1 - 49,9 % LOISIRS 48,4 47,4 - 1,0 - 2,0 % - 4,4 - 9,0 % INDUSTRIE ...
>Collecte nette de 1.5 Md€ et forte croissance des AUM - Tikehau Capital affiche des AuM pour le T1 2024 en AM à 44.4 Md€, en hausse de 3% (+ 1.2 Md€) vs fin 2023 et des AuM globaux (incluant le bilan) en hausse de 3% (+1.3 Md€). Cette hausse au T1 est la résultante des quatre facteurs impactant les AuM : +1.5 Md€ de collecte nette (vs. 1.2 Md€ au T1 2023), soit +6.8 Md€ sur 12 mois. - 0.5 Md€ de distribution. + 0.4 Md€ d’effets de marchés et -0.1 ...
ASM International: 1Q24 results - better on all fronts. Heineken: Uphill from here. KPN: 1Q24 in line, guidance slightly increased on Youfone acquisition. Melexis: 1Q24 results in line a relief. Universal Music Group: Spotify 1Q24 Results and guidance beat on margins. Vopak: Good progress to start the year. Wereldhave: 1Q24 LFL slows sharply
Bulgarian stock indexes ended last week on a negative note, after the tone in global markets seems to have shifted with continuing uncertainty and volatility. The leading local index SOFIX lost 0.5% to close at 805.96, as extended indexes BGBX40 (164.27) and BGTR30 (809.49) declined by -0.5% and -0.8% respectively, repeating benchmark presentation. The weekly top performer within our list of selected companies was the industrial Alcomet (ALCM, BGN 7.0, +7.7%), followed by Speedy (SPDY, BGN 165...
>Q1 results show positive momentum – FY guidance raised - In its Q1 earnings release, KPN reported group revenues and adjusted EBITDAaL of €1,377m (+3.3%) and €605m (+3.6%) respectively. This compares with consensus estimates of €1,376m (we at €1,377m) and € 602m (we at €599m) respectively. So results are marginally ahead of consensus. Group capex came in at €302m (css: € 301m) and FCF at €154m (-5.8% yoy with consensus at €173m and we at € 185m, the difference is ex...
>Q1 2024 likely to be the weakest quarter, no uptick in European LI activities yet, pricing in IM decreased to 3.7% (as expected & fuelled by energy price indexation) - Air Liquide reported Q1 2024 group comparable sales growth of 2.1% y-o-y (G&S: +2.0% vs. css: +2.4%), hence perfectly matching consensus estimate of 2.1% (FX: -3.9%, Energy: -5.5%). Europe and Asia have been the weakest regions with -1.6% and -0.9% comparable sales growth in Q1 2024, respectively. Ind...
The Bulgarian equity market met the opposite volatile moves of Monday’s session compared to Friday’s as Chimimport (CHIM, BGN 0.68, -2.86%) and Central Cooperative Bank (CCB, BGN 1.49, -3.25%) erased the gains from previous session, while Zlaten Lev Holding (HLEV, BGN 4.30, +19.44%) and M+S Hydraulic (MSH, BGN 11.10, +2.78%) recovered with the same percentages. The major indexes rebounded, reflecting the continues reactions from positive news of Bulgarian-American Bank’s (BACB, BGN 11.70, +3.54%...
Issuer: XTPL S.A. / Key word(s): Agreement/Incoming Orders XTPL to build an industrial prototype device with China’s leading manufacturer of machinery for the FPD industry 24.04.2024 / 09:12 CET/CEST The issuer is solely responsible for the content of this announcement. XTPL to build an industrial prototype device with China’s leading manufacturer of machinery for the FPD industry XTPL is conducting a fifth sale of a module for industrial implementations. The end client is a leading Chinese manufacturer of machinery for the Flat Panel Display (FPD) industry. XTPL’s re...
The Bulgarian equity market had a volatile session on Tuesday and finally the major indexes settled in a range between -0.18% and +0.20%. 370K shares of First Investment Bank (FIB, BGN 2.78, +4.51%) were offered in early hours and attracted significant buying interest not only in the name as 6 out 15 names registered volumes much higher than the 3-months average – Doverie United Holding (DUH, BGN 8.22, -2.61%), Shelly Group (SLYG, BGN 68.00, 0.00%). The trading activity was concentrated on the b...
A director at Home Invest Belgium NV bought 1,025,850 shares at 13.080EUR and the significance rating of the trade was 100/100. 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 ...
A director at Vivakor Inc bought 168,000 shares at 1.325USD and the significance rating of the trade was 53/100. 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 s...
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