ROCKWOOL nimmt Indien, China und Slowenien in das Rockcycle-Programm auf

ROCKWOOL nimmt Indien, China und Slowenien in das Rockcycle-Programm auf Das Rücknahmeprogramm von ROCKWOOL, Rockcycle, erleichtert das Recycling in einem geschlossenen Kreislauf und ist jetzt in 21 Ländern weltweit verfügbar – darunter in Nordamerika, Europa und Asien. HEDEHUSENE, Dänemark, May 15, 2024 (GLOBE NEWSWIRE) -- Bau- und Abbruchabfälle machen 30 Prozent des gesamten weltweit produzierten Abfalls aus, wobei schätzungsweise durchschnittlich mehr als 35 Prozent davon auf Deponien landen, was auf die dringende Notwendigkeit hinweist, diese Herausforderung zu bewältigen. Mit Ro...

ROCKWOOL inscrit l'Inde, la Chine et la Slovénie au programme Rockcycle

ROCKWOOL inscrit l'Inde, la Chine et la Slovénie au programme Rockcycle Le programme de reprise de ROCKWOOL, Rockcycle, facilite le recyclage en circuit fermé et est désormais disponible dans 21 pays, notamment en Amérique du Nord, en Europe et en Asie. HEDEHUSENE, Danemark, 15 mai 2024 (GLOBE NEWSWIRE) -- Les déchets de construction et de démolition représentent 30 % du total des déchets générés dans le monde, avec une moyenne estimée à plus de 35 % finissant dans les décharges chaque , preuve qu'il est urgent de s'attaquer à ce défi. Grâce à Rockcycle, ROCKWOOL récupère la laine de r...

Eastern Europe grows 30%. Lower input costs

Ambu (Buy, TP: DKK138.00) - Guidance still looks conservative

Having pre-released Q2 headline numbers and increased the 2024 guidance in mid-April, today’s detailed results provided few surprises. However, the important Endoscopy sales were slightly better than expected, and we find today’s guidance for >15% organic growth YOY (previously c15%) for that part of company still conservative, with potential for a further rise with the Q3 results. We reiterate our BUY and have increased our target price to DKK138 (130).

Boliden (Buy, TP: SEK500.00) -

Battered for a number of quarters by operating issues, lower metal grades at key mines and falling metal prices, we believe Boliden’s earnings headwind is now a tailwind. Moreover, on top of support from higher metal prices, we see distinct company-specific earnings drivers for 2024–2027e: 1) Odda completion; 2) Tara restart; 3) restored Rönnskär operations; and 4) normalised copper grades at Aitik. Our 2027e record earnings translate into a low P/E of c7x, and we see ample room for cash distribution beyond our base case. We reiterate our BUY and have raised our target price to SEK500 (420).

Shelf Drilling (Buy, TP: NOK40.00) - Focus on re-contracting

Focus for the Q1 report is on revised 2024 guidance following the four Aramco rig suspensions, an update on re-contracting opportunities for those, and progress on an ONGC tender, where it is well placed to extend two incumbents. We consider the 2025e EV/EBITDA of 2.9x and cash flow yield to EV of 15% as compelling. Being among the most leveraged offshore drillers in our coverage, we reiterate our BUY and NOK40 target price.