KBC Securities - NX FILTRATION HLDG BV (NXFIL) NX Filtration FIRST LOOK: CEO change 1H update incl. FY outlook reconfirmation #x07; #x07;

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KBC Securities

Wim Hoste

NX Filtration FIRST LOOK: CEO change & 1H update incl. FY outlook reconfirmation  

NX Filtration announced Floris Jan Cuypers will become its new CEO. 1H24 revenue increased by 57% to € 5.9m and the company reconfirmed its FY24 revenue outlook in excess of € 16m, which implies a sizeable sequential step-up in revenue in 2H24. Taking into account the recent changes to the Management Board, the CMD which should offer clarity on the mid and long term ambitions is rescheduled to a later date. We maintain our Reduce rating and € 3.3 TP for now.

12/07/2024 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

Wim Hoste

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NX Filtration FIRST LOOK: CEO change & 1H update incl. FY outlook reconfirmation &#x07; &#x07;

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

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

Morning Notes : CMBT BB, ONTEX BB

Bekaert Feedback conference call

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

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NX Filtration FIRST LOOK: CEO change & 1H update incl. FY outlook reconfirmation