Ackermans & Van Haaren : Strong Private Banking will push forecasts higher
>Solid beat of earnings expectations - AvH just published a FY20 net result of € 230m (AAOB € 179m), with € 240m from its participations (AAOB € 194m).Looking at the results from a segment angle: Marine Engineering was € 46.7m (AAOB € 45.7m), Private Banking € 141.3m (AAOB € 127.6m), Real Estate & Elderly Care € 32.7m (AAOB € 17.0m), Energy € 6.8m (AAOB € 5.4m) and Growth Capital € 12.7m (AAOB - € 1.4m).Outlook 2021. “After a first half-year in 2020 which so...Ackermans & Van Haaren is an investment company. Co. operates in five sectors: Marine Engineering & Infrastructure, which includes DEME NV, a dredging and marine company; Private Banking, which includes BDM NV - Continentale Verzekeringen NV (ASCO NV), which focuses on marine and industrial insurance via brokers; Real Estate, Leisure & Senior Care, which includes Extensa Group NV, a real estate developer; Energy & Resources, which includes Telemond Group, a supplier to the crane and automotive industry; and Development Capital, which is engaged in ICT and engineering, retail and distribution, real estate development, and media and printing.
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.
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