KBC Securities - NX FILTRATION HLDG BV (NXFIL) NX Filtration 1H24 results analyst call key take-aways

Report

KBC Securities

Kristof Samoy

NX Filtration 1H24 results & analyst call key take-aways

Mid July NXFIL already informed the markets on its 1H24 revenues when it communicated the appointment of a new CEO. 1H24 revenues landed at €5.9m growing 56% with gross margins maintained at a high 59%. FTE's were flat vs. year end 2023. EBITDA stood at €-6.4m (vs. €-5.3m in 1H23). Guidance remained unchanged calling for revenues >€16m.

28/08/2024 1 EN

Underlying

NX FILTRATION HLDG BV

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NL0015000D50 Euronext Amsterdam Netherlands

Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Kristof Samoy

Other Reports on these Companies

KBC Securities

Morning Notes : AED BB, ASM NA, BPOST BB, COFB BB, MELE BB, WKL NA, NXFIL NA

: AED BB, ASM NA, BPOST BB, COFB BB, MELE BB, WKL NA, NXFIL NA

October 30, 2024 October 30, 2024 1 EN

KBC Securities

NX Filtration HF UF contract win in Saudi Arabia

This morning NXFIL announced a contract win for 800 modules of HF UF modules to Kindasa Water Services (KWS), a private potable water supplier in Saudi Arabia. The order relates to UF membranes and not the high(er) margin dNF membrane modules. We estimate linked revenue recognition in 2024 to be around €1.2m.

October 8, 2024 October 8, 2024 1 EN

Bekaert Feedback conference call

Below is the feedback from the 3Q conference call. Bekaert lowered its FY guidance to an uEBIT range of 340-350m, which at midpoint is c. 9% below our forecast (378m) and 8% below consensus (373m), reflecting weaker end markets. Importantly and taking into account the solid balance sheet (net debt/EBITDA below 1x) and limited recent M&A activity, Bekaert announced to immediately resume share buybacks and launched a € 200m (>10% of current market cap) SBB program, to be executed over the next 24 months. Despite the reduced FY guidance which will prompt a revision of our forecasts, we welcome th...

November 22, 2024 November 22, 2024 1 EN

Jacob Mekhael

Jacob Mekhael

Inventiva FIRST LOOK: 3Q24 update holds no surprises, NATiV3 timelines reiterated

Inventiva provided a 3Q24 update which holds no surprises, reporting a cash position of € 13.9m. Following the € 94m in gross proceeds from the tranched equity raise (up to € 348m) announced in October 2024 and € 10m milestone from China partner CTTQ, Inventiva has a cash runway until the end of 2Q25 – this can be further extended with subsequent tranches based on certain conditions being met. With the financing overhang lifted, the focus is on recruitment for the phase 3 (NATiV3) trial of lanifibranor in NASH/MASH, where last screening and randomisation continue to be guided for YE24, and 1H...

November 22, 2024 November 22, 2024 1 EN

Sharad Kumar S.P

Sharad Kumar S.P

Ackermans & van Haaren 3Q FY24: Major Participations Continue To Post Robust Results

The private banking division continued to post robust results with AuM rising 12.1% to a record high of €73.1b while gross inflows stood at €5.1b. These figures do not include AuM upticks from the acquisitions of Box Consultants and Dierickx Leys – these will show up in 4Q FY24 and 1H FY25 respectively. Yesterday, AvH published its updated shareholder arrangement with the Delen family that implied a transfer price of 15x PE + 50.0% of excess equity, implying a value of €4.0b+ (vs. ~€3.0b KBCSe). DEME's sales came in at €1.1b, up 34.8% YoY, driven by strong demand across all contracting segment...

November 22, 2024 November 22, 2024 1 EN

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NX Filtration 1H24 results & analyst call key take-aways

We are a financial services provider for several types of professional clients, each with distinct needs.

Morning Notes : AED BB, ASM NA, BPOST BB, COFB BB, MELE BB, WKL NA, NXFIL NA

NX Filtration HF UF contract win in Saudi Arabia

Bekaert Feedback conference call

Inventiva FIRST LOOK: 3Q24 update holds no surprises, NATiV3 timelines reiterated

Ackermans & van Haaren 3Q FY24: Major Participations Continue To Post Robust Results

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