>Solid operating performance, with organic growth remaining strong at 6.2% - Gecina delivered a solid operating performance in Q1 2024, in line with 2023, with gross rental income of € 173.8m (€ 170.9m), up 4.3% as reported and 6.2% on a like-for-like basis, driven in particular by indexation of +5.2% yoy, the effects of a generally stable occupancy rate over the quarter (contribution -0.2%) and the positive impact of reversion in both offices and residential properti...
>Reiterating 2024 EBITDA guidance of €900-€950m - Umicore has published a 1 page qualitative trading update about Q1 2024 in which it reiterated EBITDA guidance for 2024 (€900-€950m) so in that sense there are little surprises. Consensus is at €932m and we are at €909m. No analyst call is planned.Catalysis and Recycling performing in line with expectations - Umicore states that Catalysis is making headway on costs and efficiency gains (also in WC) whi...
>Lower than expected organic growth and EBITA. Disappointing FCF - Tietoevry reported its Q1 2024 results yesterday before market opening. Organic growth was -2.0% year-on-year (vs. ODDO BHF estimate of -0.2%), which represents a slowdown relative to 1% in Q4. Growth was impacted by a poor performance in 1/ Tech Services (organic growth of -7% vs. ODDO BHF estimate of -4.8%); 2/ Create (organic growth of -5% vs. ODDO BHF estimate of -0.7%), due to the ongoing weak eco...
>Neutral rating and target price of € 7.70 maintained - Following the publication of the Q1 revenues, we organised a virtual road show for European investors, excluding France. CFO Sylvine Bouan, Head of Marketing and Communications Loan Duong and Head of Investor Relations Armel Ahidazan were present. This discussion with investors essentially centred on a Q&A session. The group obviously confirmed its 2024 and 2027 trajectory but above all provided insights into inv...
>On most key headlines, Basic-Fit reported in-line Q1 2024 results - Basic-Fit reported 4.05m memberships, 1,506 clubs and revenue of € 284m in Q1 2024. We had forecasts 4.055m memberships, 1,510 clubs and € 290m in revenue (there is no reliable consensus available). The average monthly revenue per membership amounted to € 23.57, which was a tad lower than our forecast of € 23.67. The number of clubs were as expected in France (814) and in Spain (199), a tad below our...
Aktietilbagekøbsprogram Nørresundby, 26. april 2024Meddelelse nr. 23/2024 Bestyrelsen i RTX har, jf. selskabsmeddelelse nr. 20/2023 af 30. november 2023, besluttet at iværksætte et aktietilbagekøbsprogram i overensstemmelse med bestemmelserne i artikel 5 i Europa-Parlamentets og Rådets forordning (EU) nr. 596/2014 af 16. april 2014 (MAR) og Kommissionens delegerede forordning (EU) 2016/1052, også kaldet "Safe Harbor"-forordningen. Under programmet vil RTX tilbagekøbe aktier for et beløb på op til DKK 20 mio. i perioden fra 1. december 2023 til 30. september 2024. Følgende transaktioner e...
Share repurchase programme Nørresundby, 26 April 2024Announcement no. 23/2024 The Board of Directors of RTX has, cf. company announcement no. 20/2023 dated 30 November 2023, resolved to initiate a share buy-back programme in accordance with the provisions of Article 5 Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 (MAR) and the Commission’s delegated Regulation (EU) 2016/1052, also referred to as the "Safe Harbor" regulation. Under the programme RTX will buy back shares for an amount up to DKK 20 million in the period from 1 December 20...
A director at Relx bought 1,630 shares at 3,229p and the significance rating of the trade was 71/100. 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 Clos...
A director at BRP Inc sold after exercising options 87,400 shares at 95.748CAD and the significance rating of the trade was 74/100. 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 ...
>Top line with positive momentum, but below expectations - Stratec’s Q1 2024 revenues of € 50.9m (-17.2% y-o-y) was impacted by a -15.7% decline at constant currencies), which were -17%/-18% below our and the consensus’ expectations. The consolidation of Natech Plastics contributed around 470bp to revenues growth. The first quarter was impacted by destocking as guided before, but the headwind was more severe than expected. Bottom line with sequential grow...
>Q1 2024 revenue +8%: solid - Revenue increased by 8.1% in Q1 to € 194.3m (+8.8% cc.) or +7.6% after adjusting the first quarter of 2023 to include Intrasense consolidated since 01/01/2023. The EMEA region posted a decline of 5.8% (-6.2% cc), APAC delivered 20% growth (+26.8% cc) and the Americas recorded 21% growth (+20% cc). The X-ray business turned in +15%, the IRM business -4% and the II business +4.4%.Management confirmed its guidance targets (8% growt...
>CA T1 en hausse organique de 6% - Au titre du T1 2024, Cegedim a publié hier soir un CA de 155.9 M€ en hausse de 6.9% dont +6% en organique, +0.7% d’effet périmètre lié à l’acquisition de Visiodent (1er mars 2024) et +0.2% d’effet devises. Toutes les divisions contribuent à cette croissance sauf l’activité Logiciels & Services. Notons que les activités Cegedim Outsourcing, Audiprint et BSV (intégrées respectivement dans les divisions Logiciels & Services et Flux) on...
>Sales slightly above expectations (+2%) - Vinci reported a slight sales beat at € 15.7bn, up 4.8% or 4.2% LFL (consensus: € 15.4bn). The group continued to benefit from very good momentum in the energies/Cobra segments and airports. Vinci Energies sales grew 5% (3.8% LFL), driven by buoyant markets, as was the case for Cobra IS (+7.5% and 7.6% LFL). Vinci Construction (+3.8% LFL) was boosted by satisfactory trends both abroad (+4.5% LFL) and in France (+4.0% LFL) de...
PARIS--(BUSINESS WIRE)-- regulatory News: TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE): Le Conseil d’administration a examiné, lors de sa séance du 25 avril 2024, la proposition de résolution déposée par un groupe d’actionnaires représentant moins de 0,9 % du capital et tendant à soumettre à l’Assemblée Générale un vote consultatif demandant au Conseil d’administration d’adopter une dissociation de la Présidence du Conseil d’administration et de la Direction générale de la Société. Le Conseil d’administration de TotalEnergies réaffirme son attachement fort au dialogue actionnarial e...
Composition of the Nomination Committee of Orion Corporation ORION CORPORATION STOCK EXCHANGE RELEASE – OTHER INFORMATION DISCLOSED ACCORDING TO THE RULES OF THE EXCHANGE26 APRIL 2024 at 11.15 EEST Composition of the Nomination Committee of Orion Corporation The Board of Directors of Orion Corporation has appointed the following persons to the Nomination Committee of the company: Annika EkmanPetteri KarttunenMinna MaasiltaVeli-Matti MattilaHilpi RautelinSeppo Salonen Hilpi Rautelin was appointed as Chair of the Committee. The Committee prepares and pres...
>Principaux éléments de la confcall - Lors de la conférence call tenue hier, nous retenons les principaux points :La dynamique devrait rester bien orientée à travers les divisions avec une croissance organique tirée majoritairement par les volumes. Au S2, le groupe anticipe une croissance organique supérieure à celle du S1, en raison d’une base de comparaison exigeante au T2. Le groupe est revenu particulièrement sur les divisions CPS et B&I : i/ La recovery...
>Q1 sales down 6.9% at € 43.3m, undermined by destocking in international markets. France was flat (+0.5%) with volumes down in retail - Q1 sales came in at € 43.4m, down 6.9% in reported terms and on constant currencies. This was 5% below our forecast of € 45.7m ( -1.7% reported and on cc). Business in France saw a slight improvement of 0.5% (vs +3%e and -2.5% in Q1 2023) to € 19.5m. The embedded effect of price increases offset the decline in volumes in retail, not...
>A share offer that factors in no real control premium for the time being - Yesterday morning, BHP confirmed that it had submitted a share exchange offer to Anglo American's board of directors. Before this we considered that Anglo American's assets to be too heterogeneous or underperforming to be of interest to another player, particularly due to the difficulties in South Africa. However, BHP's proposed structure excludes the South African activities as it is conditio...
>T1 2024 : 7.1% en organique vs 6.0%e tirée par I&E et NR - SGS a publié ce matin pour la première fois son CA T1 alors qu'auparavant, il ne communiquait que selon un rythme semestriel. Le CA s’élève à 1 577 MCHF en baisse de 2.1% en ligne avec nos attentes (1 576 MCHF) incluant un effet Forex très négatif de 8.6% plus important qu’attendu (-4.8%e). La croissance organique est ressortie à 7.1% au-dessus de notre attente de 6.0%e. À ce stade, les chiffres trimestriel...
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