Soitec 1FQ26: Inventory digestion remain a drag. Thesis unchanged. Buy, €55.

Soitec 1FQ26: Inventory digestion remain a drag. Thesis unchanged.

Soitec reported 1FQ26 sales last night and hosted its conference call this morning.

Soitec: Inventory correction deepening; secular growth profile unchanged. Buy, €55.

Soitec reported Mar-25Q earnings and held an analyst day on Wednesday.

Median Technologies: EUR23.5m capital raise extends runway into Q4 2026

Median Technologies successfully secured a capital raise via ABSA of EUR23.5m in total gross proceeds, priced at EUR1.66 (at ~18% discount to 20-day VWAP). The offering was oversubscribed, surpassing the initial EUR22m target, with 64% backed by existing shareholders, 2% by a public offering in Fra

Ceconomy: walking down the aisle with JD.com and a €4.6 offer

JD.com has presented its €4.6 cash bid with an acceptance period opening in Aug/Sep and delisting around Jun 2026. Support from strong anchor shareholders and a deal structured to avoid political scrutiny makes us more confident in the likelihood of it materialising. PT consequently aligned with th

Planisware: wait-and-see environment triggers profit warning

Planisware has published a mostly unfavourable set of results, with Q2 revenues growing by just 8.1% at cc, 2.8% below the company-compiled consensus, due to the ongoing extension in decision cycles caused by general macro uncertainties. With limited visibility on any potential turnaround for H2, t