Recordati: 1 director

A director at Recordati sold 118,000 shares at 51.335EUR and the significance rating of the trade was 80/100. 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 show...

HelloFresh: Q1 marked by real dichotomy between ready-to-eat and meal-...

Q1 slightly topped expectations thanks to ready-to-eat (+56% YoY) while meal-kit remained in the red (-7%) and lowered the group's EBITDA margin -250bp YoY. FY 2024 guidance has been reiterated, but we stay on the sidelines as we remain concerned by "meal-kit fatigue" longer-term implications for g

Q1 results in line with expectations

Volume-driven EBIT beat

5% beat vs consensus

Miss even incl. one-off items

Moncler : Croissance toujours impressionnante au T1 mais le ton est pl...

>La marque Moncler sort encore un excellent trimestre à +20% y/y en organique - Le CA T1 groupe ressort à 818.0 M€ montrant une croissance à tcc de 16% et de 13% en publié, nous attendions c.781 M€ et le consensus Visible Alpha avant publication montrait 790 M€, la prévision est donc battue de près de 4%. Le niveau de croissance reste clairement flatteur pour la marque Moncler : après un T4 2023 à +17% en organique, le T1 sort à 20 % y/y tcc dont +26% en DTC, nous att...

Moncler : Growth still impressive in Q1 but the tone is more cautious ...

>The Moncler brand produced another excellent quarter at +20% y-o-y organic - Group Q1 sales came to € 818.0m showing growth at constant exchange rates of 16% and 13% reported. We expected around € 781m and the pre-publication Visible Alpha consensus was for € 790m. The estimate was therefore beaten by close to 4%. The level of growth remains clearly flattering for the Moncler brand: after +17% organic in Q4 2023, Q1 growth came in at 20% y-o-y at CER with +26% in D...

Voyageurs du monde : Perspectives MT positives mais 2024 marquera la f...

>Feedback réunion SFAF : 2024 marquera la fin du rattrapage - Lors d’une réunion de présentation de ses résultats annuels 2023, le management de Voyageurs du Monde est revenu essentiellement sur les points suivants :Les résultats 2023 ont été marqués par une forte progression du CA soutenue par une demande exceptionnelle en termes de demande de voyages post COVID (CA : +40% ; +16.5% LFL vs 2019). Nous notons la forte montée en puissance de l’activité vélo suite à...

Saipem : New strategy is paying off, but we remain conservative

After some rough years, the change in Saipem’s strategy towards less risky projects and a higher share of E&C Offshore activities amid the O&G industry “super-cycle” seems to be paying off. The company has been able to increase its margins, while the backlog is strong, providing good visibility over next years. The capital increase carried out in 2022 on top of positive FCF put Saipem at a better financial position than before the Covid-19 crisis. While the overall outlook is pos...

HUBC & NPL 3QFY24E Result Previews, (AKD Daily Apr 25, 2024)

AKD Daily HUBC & NPL 3QFY24E Result Previews HUBC – 3QFY24E earnings to clock in at PkR12.42/sh: We expect Hub Power Company Limited (HUBC) to post NPAT of PkR16.1bn (EPS: PkR12.42) in the third quarter of FY24, up 5%/43% on QoQ/YoY basis. The aforementioned increase in earnings on a quarterly basis is primarily attributed to higher gross margins, resulting from the non-utilization of fuel oil-based plants (Narowal and HUBCO-base utilization: nil/69 Gwh during 3QFY24). Generation profile of t...

Jefferies Financial Group Inc: 1 director

A director at Jefferies Financial Group Inc sold 1,500,000 shares at 43.501USD and the significance rating of the trade was 69/100. 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 ...

Tough comps, but solid underlying progress

EBIT down by a third, growth to decelerate

Ipsen : Feedback webcast T1 2024

>Moindre croissance sur les prochains trimestres ? - De la réunion d’hier, nous retenons que :1/ T1 a été bon mais la croissance du T1 (+13% à tcc.) ne semble pas extrapolable : i/ de nouveaux génériques de Somatuline devraient arriver en Europe et en Amérique du Nord au S2 2024/début 2025, ii/ Cabometyx a bénéficié d’un effet de cut-off, soit un impact favorable cumulé de =20 M€e, au T1.La Direction s’est montrée toujours optimiste pour Dysport (prise de Pd...

Exail Technologies : Solide niveau d’activité au T1 et des perspective...

>T1 en hausse de 16% et prises de commandes de nouveau excellentes - Exail Technologies a publié hier soir un CA T1 supérieur à nos attentes, en hausse de 16% y-o-y à 79.5 M€ (vs 75.5 M€e). La division Navigation & Robotique maritime affiche une croissance de 18% y-o-y à 60.8 M€ grâce à la forte accélération des livraisons de centrales inertielles (dans la ligne du T4 2023) alors que sur la robotique sous-marine, le groupe continue de bénéficier du programme belgo-né...

Vantiva : Début d’année très décevant

>CA T1 en forte baisse malgré l’intégration de Commscope Home Networks - Vantiva a publié hier soir son CA au titre du T1 2024. Il s’avère très décevant, en baisse de 20% à 458 M€ (vs ODDO BHF = 607 M€) malgré l’intégration de Commscope Home Networks (contribution non communiquée vs 221 M€ dans notre modèle initial). La division Maison Connectée (-22% à 358 M€ vs ODDO BHF = 506 M€) pâtit d’une base de comparaison élevée, de déstockages et du ralentissement des in...

Saipem : New strategy is paying off, but we remain conservative

After some rough years, the change in Saipem’s strategy towards less risky projects and a higher share of E&C Offshore activities amid the O&G industry “super-cycle” seems to be paying off. The company has been able to increase its margins, while the backlog is strong, providing good visibility over next years. The capital increase carried out in 2022 on top of positive FCF put Saipem at a better financial position than before the Covid-19 crisis. While the overall outlook is pos...