argenx Highlights FcRn Leadership with Long-term Data and Transformational Patient Outcomes at the American Academy of Neurology 2025 Annual Meeting

argenx Highlights FcRn Leadership with Long-term Data and Transformational Patient Outcomes at the American Academy of Neurology 2025 Annual Meeting Largest safety data set on FcRn blocking demonstrates consistent, favorable safety profile of VYVGART and VYVGART HytrulogMG patients on VYVGART achieve rapid, substantial, and sustained efficacy across multiple dosing regimens, supporting individualized treatment approachADHERE+ oral presentation builds upon evidence of VYVGART Hytrulo driving improved functional ability in CIDP Amsterdam, the Netherlands – March 7, 2025 – argenx SE (Eurone...

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/27/2025

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/02/2025

Belysse FY24 adjusted EBITDA +26%, leverage coming down

FY24 revenue declined by 6.8%, reflecting weak market conditions in Europe and to a lesser extent also the US. Further savings and efficiency improvements, combined with positive mix effects, allowed Belysse to increase the adjusted EBITDA margin by almost 4 percentage points to 15.1% with FY24 adjusted EBITDA up by 26%. The better results and limited capex requirements have allowed to bring net debt/adjusted EBITDA (excl IFRS 16 leases) down to 3.1x. We still consider valuation to be compelling and reiterate our Accumulate rating and € 1.6 target price.

Morning Notes : CFEB BB, UCB BB

: CFEB BB, UCB BB

Brownfield Developments An opportunity for a European Industry in Transition

In this segment note, we want to look beyond the current noise of tariff plans and European deficit spending that has been rocking the logistic segment. The “old-continent” has experience a demise of a lot of its large industrial complexes due to high labour and energy costs. Especially in Western-Europe, car manufacturers and heavy industries have downsized their vast historical industrial complexes which they often occupied for more than a century. These locations are close to scarce resources like labour, power, multi-modal transport and water. These old industrial “ashes” are fertile groun...