reports
- Michael B. Schäfer
- Stephan Wulf
Bayer : FY guidance confirmed after solid Q1 results – Pharma better, ...
>EBITDA decline less pronounced than feared - At a group level, Bayer’s Q1 sales of € 13.8bn (-4.3%), was below our (€ 14.0bn) and the consensus estimates (€ 14.1bn), the group’s EBITDA of € 4,412m (-1.3%) came in stronger than we expected (€ 4,188m) and was 6.4% above the consensus. The group’s EBITDA decline vs Q1 2023 was driven by the Crop Science divisions, where a decrease in glyphosate-based herbicides and cost inflation weighed on earnings. On the back of the ...
- Stephane Beyazian
Vodafone : A new Vodafone for 2025 but still under pressure in Germany
>2025 targets pro forma for disposals stable versus 2024 - For FY 2025, Vodafone aims for pro forma adjusted EBITDAaL of € 11bn (in line with the consensus at € 10.8bn) and pro forma adjusted FCF of at least € 2.4bn (in line with the consensus forecast of € 2.35bn). These pro forma targets are broadly stable from one year to the next and are adjusted for the sale of Vodafone Italy, Vodafone Spain and forex impacts. The priorities for 2025 are as expected: strateg...
- Fabian Semon
INDUS Holding AG : Slow start to the year (as indicated by macro envir...
>Q1 2024 EBIT in line with consensus, segment trends reversed heading into Q1 - INDUS reported a Q1 2024 sales decline of 9% y-o-y to € 410m (cons € 431m - company compiled). EBIT decreased by 40% y-o-y to € 27m in Q1 2024, which is in line with the consensus estimate. The underlying trends seen in Q4 2023 reversed heading into Q1 2024, i.e. Engineering (lower sales & adverse mix effects) & Materials EBIT normalised, while the Infrastructure segment has come through t...
- Carole Braudeau
Morning Crédit 14/05/2024
Iliad abonde les obligations Iliad Holding 2031 à hauteur de 150 m EUR et 200 m USD Grifols : S&P confirme le rating corporate B avec une perspective stable (vs. B/cw negative) Delivery Hero : cession de foodpanda à Uber pour 950 m USD + augmentation de capital réservée de 300 m USD>...
- Nicolas David
BEKB BEKAERT SA
IPH INNATE PHARMA SA CLASS A
HOT HOCHTIEF AG
CFEB COMPAGNIE D'ENTREPRISES CFE SA
INH INDUS HOLDING AG
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
TEG TAG IMMOBILIEN AG
COK CANCOM SE
AALB AALBERTS N.V.
COL INMOBILIARIA COLONIAL SOCIMI SA
MEL MELIA HOTELS INTERNATIONAL S.A.
ALM ALMIRALL SA
DUE DURR AG
BSGR B&S GROUP S.A.
S30 SOLUTIONS 30 SE
NA9 NAGARRO
HGEA HGEARS AG
FORSE FORSEE POWER SA
DEME DEME GROUP NV
- Cosmin Filker
- Matthias Greiffenberger
Researchstudie Anno - RedFish LongTerm Capital S.p.A. - 14.05.24
RedFish LongTerm Capital S.p.A., gegründet im Jahr 2020 von Paolo Pescetto und Andrea Rossotti in Partnerschaft mit den Familien Bazoli und Gitti, ist eine in Mailand ansässige Industrie-Holdinggesellschaft. Sie fokussiert sich auf den Erwerb von italienischen mittelständischen Unternehmen (KMU), die sich im Familienbesitzbefinden. RFLTC konzentriert sich auf reife Unternehmen mit einem EBITDA von mehr als 2 Mio. €, die eine neue Phase starker Entwicklung anstreben und den Akquisitionsmarkt sowo...
Cairn Homes Plc: Holding(s) in Company
Cairn Homes Plc (CRN) Cairn Homes Plc: Holding(s) in Company 14-May-2024 / 09:36 GMT/BST Standard Form TR-1 Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Cairn Homes plc 2. Reason for the notification (please tick the appropriate box or boxes): [X] An acquisition or disposal of voting rights [ ] An acquisition or disposa...
Le nouveau LCT de Murata redéfinit la suppression du bruit dans les al...
KYOTO, Japon--(BUSINESS WIRE)-- Murata Manufacturing Co., Ltd. (TOKYO : 6981) (ISIN : JP3914400001) dévoile une avancée significative dans le domaine des composants électroniques avec le lancement de son transformateur innovant L Cancel Transformer (LCT). Ce produit remarquable est le premier de son genre et peut neutraliser l’inductance série équivalente (ESL) d’un condensateur, optimisant ainsi ses capacités de réduction du bruit. Utilisant la technologie multicouche céramique exclusive de Murata, cette solution révolutionnaire permet aux ingénieurs de réduire le bruit du système tout en dim...
- Anis Zgaya
- Louis Boujard
- CFA
NORDEX SE : Reassuring Q1 and margin recovery expected to continue
>Q1 results beat expectations - This morning Nordex published its results for Q1 2023 which came in well above expectations. The group reported sales of € 1.6bn (previous year at € 1.2bn), up 29%, above our and consensus estimates at € 1.4bn, thanks to a good level of installations (1.1 GW in Q1 2024 vs 1.3 GW in Q1 2023) but visibly higher realized average price over the quarter. EBITDA was € 52m (previous year at -€ 115m) significantly above our and consensus ...
- Anis Zgaya
- Louis Boujard
- CFA
NORDEX SE : Reassuring Q1 and margin recovery expected to continue
>Q1 results beat expectations - This morning Nordex published its results for Q1 2023 which came in well above expectations. The group reported sales of € 1.6bn (previous year at € 1.2bn), up 29%, above our and consensus estimates at € 1.4bn, thanks to a good level of installations (1.1 GW in Q1 2024 vs 1.3 GW in Q1 2023) but visibly higher realized average price over the quarter. EBITDA was € 52m (previous year at -€ 115m) significantly above our and consensus ...
Séché Environnement : Information mensuelle relative au nombre total d...
CHANGÉ, France--(BUSINESS WIRE)-- Regulatory News: Dénomination sociale de l’émetteur : Séché Environnement (Paris:SCHP) BP 20 – Les Hêtres 53810 CHANGE Date d’arrêté des informations Nombre total d’actions composant le capital Nombre total de droits de vote théorique (Y compris les droits de vote attachés aux actions auto-détenues) 01/05/2024 7 857 732 12 547 023 Consultez la version source sur businesswire.com :
EQS-News: Einhell plant Aktiensplit zur Verbreiterung der Aktionärsbas...
EQS-News: Einhell Germany AG / Schlagwort(e): Kapitalmaßnahme Einhell plant Aktiensplit zur Verbreiterung der Aktionärsbasis 14.05.2024 / 10:18 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Einhell plant Aktiensplit zur Verbreiterung der Aktionärsbasis Landau a. d. Isar, 14.05.2024 – Um den Einstieg in die Einhell Aktie und den Ausbau bestehender Positionen für breite Anlegerkreise zu erleichtern, plant die Einhell Germany AG einen Aktiensplit im Verhältnis 1:3. Einen entsprechenden Vorschlag hat der Vorstand dem Aufsichtsrat z...
EQS-News: Einhell plans stock split to enlarge sharholder base
EQS-News: Einhell Germany AG / Key word(s): Corporate Action Einhell plans stock split to enlarge sharholder base 14.05.2024 / 10:18 CET/CEST The issuer is solely responsible for the content of this announcement. Einhell plans stock split to enlarge shareholder base Landau a. d. Isar, May 14th, 2024 – To make it easier for general investors to buy Einhell shares and expand their existing holdings, Einhell Germany AG is planning to split its stock in a ratio of 1:3. The Executive Board has submitted the relevant proposal to the Supervisory Board for inclusion in the a...
- Stephane Beyazian
Vodafone : Un nouveau Vodafone pour 2025 mais toujours sous pression e...
>Des objectifs 2025 pro forma des cessions stables versus 2024 - Pour l'exercice 2025, Vodafone vise un EBITDAaL ajusté pro forma de 11 Md€ (en ligne avec un consensus de 10,8 Md€) et un FCF ajusté pro forma d’au moins 2,4 Md€ (en ligne avec un consensus de 2,35 Md€). Ces objectifs pro forma sont globalement stables d'une année sur l'autre et sont ajustés de la vente de Vodafone Italie, de Vodafone Espagne et des impact Forex. Les priorités pour 2025 sont sans su...
- Nicolas David
Nagarro SE : Q1 2024 results well above expectations. FY 2024 guidance...
>Q1 earnings well above expectations, with a nice improvement in org. growth - - Q1 revenue of € 238.3m, up 3.8% y-o-y (up 5.0% at cc), +4.4% above our expectations (vs ODDO BHF: € 228.3m; Css: unreliable) which implies organic growth of -0.4%, +5.5pp above our estimates (ODDO BHF: -5.9% org.) and accelerating notably vs last quarter (Q4 2023 at c.-5%/-6% y-o-y org).Gross profit of € 63.9m, +4.9% above our expectations (vs ODDO BHF: € 60.9m; Css: unreliable)...
- Cosmin Filker
- Marcel Goldmann
Credit Researchstudie (Anno) - German Real Estate Capital S.A. - 14.05...
Die German Real Estate Capital S.A. ist ein Unternehmen der im nordbayerischen Bayreuth beheimateten German Real Estate Immobilien Gruppe. Die exklusive Investment-Zweckgesellschaft verantwortet die Emission des German Real Estate ETP sowie die Veranlagung des Emissionserlöses in Immobilienobjektenmit Schwerpunkt Wohnen. Sitz der German Real Estate Capital S.A. ist Luxemburg. Die Emissionsgesellschaft wird durch den Verwaltungsrat vertreten. Hervorgegangen ist die Unternehmensgruppe im Jahre 201...
Danske Bank AS: 1 director
A director at Danske Bank AS sold 16,311 shares at 194.910DKK and the significance rating of the trade was 82/100. 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...
J&J Snack Foods Corp: 1 director
A director at J&J Snack Foods Corp sold/sold after exercising options 3,418 shares at 162.225USD and the significance rating of the trade was 57/100. 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 direct...
Inside information: Lauri Veijalainen leaves his position as CEO of KH...
Inside information: Lauri Veijalainen leaves his position as CEO of KH Group Plc; continues as CEO of Indoor KH Group PlcInside information 14 May 2024 at 11:15 am EEST Inside information: Lauri Veijalainen leaves his position as CEO of KH Group Plc; continues as CEO of Indoor Lauri Veijalainen and KH Group Plc have agreed that Lauri Veijalainen will leave his position as the CEO of KH Group Plc. Veijalainen continues as the CEO of Indoor Group, a group company of KH Group. KH Group Plc starts the process to identify a new CEO immediately. Veijalainen will continue as the CEO of KH Group ...
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