Thredup Inc: 1 director

A director at Thredup Inc sold/sold after exercising options 424,268 shares at 1.910USD and the significance rating of the trade was 83/100. 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 ...

Better growth, weaker profitability

Q1: EBITDA slightly above, buys assets in the North Sea

SBM Offshore : Q1 consistent with full year guidance

>Revenues up 17%, in-line with full year guidance - Directional revenues in 24Q1 are up 17% to $ 871m, with Lease & Operate up 22% to $ 554m and Turnkey up 9% to $ 316m. Fleet uptime was 97.6%,2024 guidance for directional revenue is maintained at c. $ 3.5bn of which c. $ 2.2bn from Lease & Operate and c. $ 1.3bn from Turnkey. Directional EBITDA guidance is maintained at c. $ 1.2bn.Dividend & SBB. The AGM on 12 April approved the proposed $ 150m cash dividen...

Claranova : Q3 close to forecasts. Claranova begins a new chapter foll...

>Q3 2023/24 sales of € 94m (+4%, o/w +2% org), close to our forecasts - Claranova reported yesterday evening Q3 2023/24 sales of € 94m, up 4% year-on-year on a reported basis and 2% organically. This figure was close to our forecast (ODDO BHF: € 97m). By division, 1/ PlanetArt (65% of Q3 sales) reported a 2% organic decline. While this division is still not back on the organic growth path, sales have stabilised in the context of the priority given to profitability; 2/...

As expected, limited revisions expected

Adj. EBITDA of USD 14m (ABGSCe at USD 13m, cons. at USD 13m). No material changes to estimates - balanced outlook. Share to trade in-line with peers.

Aurubis : Solid Q2 results, guidance confirmed but outlook comments a ...

>Good, in-line Q2 results driven by metal gains - Aurubis this morning released good, in-line Q2 2023-24 (ended 31 March) results with operating EBITDA at € 179m, 3% below ODDO BHF and 2% below company-compiled consensus. The figure improved 13% q-o-q despite lower TC/RCs for concentrate (the benchmark stepped down to $ 80 and 8ct/lb on January 1 from $ 88.8 and 8.8ct in 2023). The pick-up was mostly driven by higher metal gains on the back of recent solid development...

Ahold Delhaize N.V. : Solid Q1 2024 results (Europe and US); Outlook r...

>Q1 2024 beating expectations, driven by Europe and the US - Ahold Delhaize reported net sales and underlying EBIT of € 21,728m and € 861m in Q1 2024 (ABNe: € 21,348m and € 802m, consensus: € 21,530m and € 809m). Comparable growth amounted to 0.8% in the US and 2.8% in Europe. We had forecast 0.6% and -0.2% and consensus was 0.0% and 2.2%, respectively. The group underlying operating profit margin amounted to 4.0% (flat year on year), compared with our forecast and co...

Klöckner & Co. SE : Un début d’année légèrement inférieur aux attentes

>CA T1 de 1.7 Md€ (vs 1.9 Md€e) – Marge d’EBITDA de 2.4% (vs 3%e) - Au titre de son T1 2024, Klöckner a publié hier des résultats légèrement inférieurs à nos attentes. Le CA ressort en retrait de 5.6% à 1 737 M€ (vs 1 900 M€e, consensus à 1 804 M€) du fait d’un effet prix négatif de 10.6% alors que les volumes sont en hausse de +5%. La marge brute atteint 297 M€ représentant 17% du CA, soit une légère hausse de 20 pb. En revanche, l’EBITDA baisse de 35.4% à 42 M€ (vs ...

ROVI: RDOS. 1T’24 (ANÁLISIS BANCO SABADELL)

Rdos. 1T'24 vs 1T'23: Ventas: 151,2 M euros (-25,0% vs -25,6% BS(e) y -24,5% consenso); EBITDA: 25,9 M euros (-61,1% vs -62,9% BS(e) y -61,7% consenso); EBIT: 19,3 M euros (-68,2% vs -69,8% BS(e) y -68,0% consenso); BDI: 15,0 M euros (-68,4% vs -70,1% BS(e) y -70,5% consenso).

Ahold Delhaize: forecast beat cycle restored

Q1 sales and EBIT topped expectations in both of the group's geographies, continuing to demonstrate Ahold Delhaize's ability to preserve LfL growth and profitability during disinflationary times. We expect limited upgrades to consensus estimates prior to the CMD, but are betting more on a gradual r

100% pay-out "due to solid cash position"

EBITDA of USD 31m (-7% vs. ABGSC, -8% vs. cons.). Mostly fixed, at slightly higher levels. Positive share price reaction warranted.

Higher costs weigh on results

Adj. PTP -1% vs. ABGSCe, -3% vs. cons driven by weaker costs vs. cons. Cons. '24e-'26e EPS rev. likely down 1-4%

Aurubis : Solid Q2 results, guidance confirmed but outlook comments a ...

>Good, in-line Q2 results driven by metal gains - Aurubis this morning released good, in-line Q2 2023-24 (ended 31 March) results with operating EBITDA at € 179m, 3% below ODDO BHF and 2% below company-compiled consensus. The figure improved 13% q-o-q despite lower TC/RCs for concentrate (the benchmark stepped down to $ 80 and 8ct/lb on January 1 from $ 88.8 and 8.8ct in 2023). The pick-up was mostly driven by higher metal gains on the back of recent solid development...

Stabilus SE : Mixed Q2 23/24 results and specifying its guidance at th...

>STM suffered from a weak macro environment in Q2-23/24 - Stabilus released a mixed set of results for its Q2-23/24. Reported Group sales are +1% YOY to €314m (+1% vs. ODDO BHF & css.) with an organic growth rate of +1.0%. Sales are strongly up in APAC (+12% YOY), flat in EMEA and down in the Americas (-4%). In terms of market segment Aerospace, Marine & Rail (+66% YOY), Health, Recreation& Furniture (+6%) and Automotive (+5%) with especially Powerise are showing YOY ...

Erajaya Swasembada (ERAA IJ) - 1Q24: Net Profit Up 8% yoy; Cellular Ph...

NPAT grew 8% yoy, in line with our and consensus expectations. Cellular phones and tablets (82% of ERAA’s total revenue) booked revenue growth of 13% yoy and gross profit growth of 10% yoy. ERAA had 2,095 stores (+13% yoy and +2% qoq) in 1Q24. Net profit growth could improve gradually after the relatively more aggressive store network expansion in the last few years. Maintain BUY with a target price of Rp520. • 1Q24 net profit up 8% yoy but down 23% qoq, … Erajaya Swasembada’s (ERAA) 1Q24 net p...