Terna: 1 director

A director at Terna bought 12,500 shares at 7.460EUR and the significance rating of the trade was 59/100. 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 showing ...

6% EBITA miss on slower Demolition

Randstad : Getting closer to the bottom

>Disappointing Q1 results…however - Randstad’s Q1 results yesterday were clearly disappointing, with adjusted EBITA down 33% yoy at €177m and 2% below consensus. Organic revenue growth in Q1 came in at -7.8%, marginally ahead of the 8.6% decline that was reported in Q4. CEO van ‘t Noordende talked about softer conditions than expected in North America (permanent placement was down 40% in Q1) and Northern Europe, which together represents more than half of group revenu...

Kering : Strong pressure on profitability and short term set to be cha...

>Q1 sales down -10% organic with Gucci down -18%, this is no longer surprising - The group had pre-announced in March a fall of close to 10% in Q1 sales in organic terms (Q4 2023 sales were down -4%) with a fall of close to -20% for the Gucci brand (Q4 -4%). The figures announced yesterday evening do not contain any major surprises, Q1 sales came to € 4,504m, or a fall of -10% on an organic basis (we expected € 4,490m/-10% and the Visible Alpha consensus forecast € 4,...

Ahold Delhaize N.V. : Sales and EBIT seen down year-on-year in Q1 2024

>FreshDirect disposal and tobacco seen negative € 330m on sales in Q1 2024 - Ahold Delhaize is set to publish its Q1 2024 results on 8 May (07:45) and host a conference call at 10:00. Compared with Q1 2023 and Q4 2023, food inflation came down further in Q1 2024 (US and Europe). Other negative effects are the deconsolidation of FreshDirect (estimated negative sales impact of $ 175m in Q1 2024), the impact of the termination of the support programmes (SNAP) in the US, ...

Spinnova Oyj: 2 directors

Two Directors at Spinnova Oyj bought/maiden bought 12,300 shares at between 1.600EUR and 1.634EUR. The significance rating of the trade was 51/100. 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 director...

Sylogist Ltd: 1 director

A director at Sylogist Ltd maiden bought 3,222 shares at 9.310CAD and the significance rating of the trade was 52/100. 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 cle...

Aker BP : Q1 2024 results slightly ahead of expectations but weaker FC...

>Q1 2024 results beat expectations by 4% at the operating level and by 13% at the NI with lower taxes - AkerBP just released its Q1 2024 results with 1/ revenues of $ 3,078m, down 13.4% q-o-q and 1% ahead of the consensus. 2/ EBITDA totalled $ 2,787m, down 12.2%, 1.3% below our expectations and 4% ahead of estimates. EBIT came in at $ 2,194m, in line with our expectations and 4% ahead of the consensus. Adjusted net income was robust at $ 531m, up 223% q-o-q and 13% ah...

ID Logistics : Début d’année solide, le momentum va rester bon sur 202...

>CA T1 en hausse de 17.6% (+12.4% lfl) à 736.3 M€ (vs 704.8 M€e) - ID Logistics a publié hier soir son CA T1 qui ressort à 736.3 M€ légèrement supérieur à notre attente de 704.8 M€e. La hausse de 17.6% est composée de i/ un effet devises globalement favorable (+0.4%), ii/ un effet périmètre (+4.7%) lié à la contribution de Spedimex et iii/ une croissance organique de 12.4%. L’écart avec nos estimations vient de l’international dont la croissance organique est plus imp...

ING Group : Good Q1 net profit, material SBB expected, stable NII and ...

>Conclusion: Good Q1 net profit, material SBB, stable NII and costs - For 1Q24, we expect a net profit of € 1.52bn with assumed 10bp of loans in loan losses. For 1Q24 we expect a relatively stable net interest income (NII) and expenses. We expect a front loaded SBB announcement of € 3.5bn. For the coming two years we expect continuing wage increases even with a possible slowdown of inflation. The RWA/loan ratio is at an all-time low. Going forward we expect more wage ...

ASM International N.V : A very good Q1, outlook strengthened with GAA ...

>Q1 2024 results beat forecasts, due to a record gross margin link to a record contribution from China - Q1 2024 revenue was € 639m, up +2% q-o-q, but -8% y-o-y, above the consensus at € 628m. The gross margin was 52.9% well above the consensus at 48.4%. This improvement (vs Q4 2023 to 47.9%) principally stems from the mix and notably the contribution from China (a record level but not quantified). EBIT was € 192m (operating margin of 29.3%), i.e. 27% above the conse...