Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Pierre François Merveille
  • Pierre François Merveille

OVHcloud : Back in the office to revive growth

OVHcloud has been benefitting from strong demand for cloud services but it has been growing slower than the overall market. Its organic revenue growth has been decelerating to +9.3% in FY24-25 and the FY25-26 guidance points to a 5-7% revenue expansion. We believe that this reflects its revenue mix (greater contribution of private cloud services) and its focus on profitability/ cash flow generation. But this is also due to a failing commercial approach that recently led to churn in the small cus...

Pierre François Merveille
  • Pierre François Merveille

OVHcloud : Back in the office to revive growth

OVHcloud has been benefitting from strong demand for cloud services but it has been growing slower than the overall market. Its organic revenue growth has been decelerating to +9.3% in FY24-25 and the FY25-26 guidance points to a 5-7% revenue expansion. We believe that this reflects its revenue mix (greater contribution of private cloud services) and its focus on profitability/ cash flow generation. But this is also due to a failing commercial approach that recently led to churn in the small cus...

Carole Braudeau
  • Carole Braudeau

Credit Morning 01/26/2026

INEOS Quattro: € 200m equity injection|Daniel Kretinsky launches takeover bid for Fnac Darty|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 26/01/2026

INEOS Quattro: € 200m equity injection|Daniel Kretinsly lance une OPA sur le capital de Fnac Darty|

Oddo convertible news 01/06/2018

Minor International confirmed that it could buy HNA’s stake in NH HotelMarine Harvest issued a 2023 straight bond (floater), implying an attractive valuation for the outstanding 2020 CB in a first reading>...

Carole Braudeau
  • Carole Braudeau

Morning Crédit 01/06/2018

L’Italie se dotera aujourd’hui d’un nouveau gouvernement mettant ainsi fin à 3 mois d’incertitudes. Les activités de Deutsche Bank aux Etats-Unis auraient été classées parmi la liste des ‘banques à problèmes’ par les régulateurs américains.S&P a dégradé la note de contrepartie de Deutsche Bank de ‘A-‘ à ‘BBB+’ ; le RWN négatif est levé, la perspective stable et les notes des émissions ont été confirmées.>...

Deutsche Bank : At the end, will Deutsche win? Credit Opinion revised ...

Football fans all know Gary Lineker’s quote about football being “a simple game: 22 men chase a ball for 90 minutes and at the end, the Germans always win”. While the Word Cup is approaching and Germany is among the favourites, Deutsche Bank’s (DB) performance has been less impressive on the banking field than the ones of the Mannschaft on the pitches, and the outcome of DB’s strategic adjustments is far less certain than the one of a football game, as suggested by Gary Lineker....

Deutsche Bank : At the end, will Deutsche win? Credit Opinion revised ...

Football fans all know Gary Lineker’s quote about football being “a simple game: 22 men chase a ball for 90 minutes and at the end, the Germans always win”. While the Word Cup is approaching and Germany is among the favourites, Deutsche Bank’s (DB) performance has been less impressive on the banking field than the ones of the Mannschaft on the pitches, and the outcome of DB’s strategic adjustments is far less certain than the one of a football game, as suggested by Gary Lineker....

Carole Braudeau
  • Carole Braudeau

Credit Morning 05/31/2018

Maxeda has reported encouraging Q4 2017-18 results and outlookGalapagos has renegotiated the terms of its RCF.>...

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