Oddo BHF - Aston Martin Lagonda Global Holdings (AML) Aston Martin Lagonda : Un avertissement qui inquiète sur la liquidité

Report

Oddo BHF

Anthony Dick ...

Michael Foundoukidis

Aston Martin Lagonda : Un avertissement qui inquiète sur la liquidité

>Profit warning ; -22% sur notre EBITDA 2024, FCF encore plus négatif - Hier avant Bourse, AML a émis un avertissement sur sa guidance 2024. Le groupe cite des perturbations dans sa chaîne d’approvisionnement, mais aussi une faible demande en Chine, et enfin des efforts pour lisser ses livraisons plus uniformément selon les trimestres (moindre pondération sur le T4). Le groupe revoit à la baisse tous les éléments de sa guidance (volumes, CA, marges, FCF), nous amenan...

01/10/2024 1 FR

Underlying

Aston Martin Lagonda Global Holdings

See profile

GB00BN7CG237 London Stock Exchange United Kingdom

Provider

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.

See profile

Analysts

Anthony Dick

Michael Foundoukidis

Other Reports on these Companies

Oddo BHF

ODDO BHF Small & MIDCAP MORNING NEWS - 10/01/2024

Like Astérix in the album of the same name, Michel Barnier has a cauldron to fill. Two measures to manage this have “leaked” in the press in the last few days: a reduction in the CIR research tax credit and an exceptional tax increase on large companies. We measured the sensitivity to these two measures of the 90 and 80 companies most concerned in our coverage universe. 20 companies have a CIR >5% of their EBIT and 22 companies would see their EPS fall by more than 5% due to the addit...

5h / 59m 5h / 59m 1 EN

Oddo BHF

ODDO BHF Small & MIDCAP MORNING NEWS - 01/10/2024

Comme Astérix dans l’album éponyme, Barnier a un chaudron à remplir. Deux mesures pour y parvenir ont « fuité » ces derniers jours dans la presse : rabotage du CIR (Crédit d’impôt Recherche) et hausse « exceptionnelle » de l’impôt des sociétés sur les grands groupes. Nous avons mesuré la sensibilité des 90 et 80 sociétés les plus concernées dans notre univers de couverture à ces deux mesures. 20 sociétés ont un CIR > 5% de leur EBIT et 22 sociétés verraient leurs BPA baisser de plus d...

6h / 47m 6h / 47m 1 FR

Oddo BHF

Aston Martin Lagonda : Profit warning raising liquidity concerns

>Profit warning: -22% for our 2024 EBITDA forecast, FCF even more negative - AML issued a warning on its 2024 guidance before trading yesterday. The group pointed to disruption in its supply chain, but also lacklustre demand in China, as well efforts to smoothen out deliveries (less Q4 loaded). The group has downgraded all its guidance items (volumes, revenues, margins, FCF), which prompts us to reduce our 2024-2025 EBITDA forecasts by 22%/16%, respectively (putting ...

6h / 53m 6h / 53m 1 EN

Tecan Group AG : Enabling crucial innovation in healthcare

We initiate coverage of Tecan with a TP of CHF 328 and an Outperform rating. As a leading developer and manufacturer of automated laboratory instruments and solutions, Tecan benefits from the rapidly growing trends in the healthcare industry. By focusing on attractive growth segments such as genomics, proteomics and cell & tissue analysis, Tecan should continue to organically outperform the growth of its industry (6.5% revenue CAGR until 2030 vs 3-5% p.a. for the industry). Owing...

5h / 35m 5h / 35m 1 EN

Aurelien Sivignon

Aurelien Sivignon

VusionGroup : Feedback roadshow : Edge Sense est le principal contributeur à la progression des marges à CT et un catalyseur clé pour la trajectoire de croissance à MT

>Principaux messages à retenir - Nous avons organisé un RS à Francfort avec le management de VusionGroup (CFO + IR). Dans un contexte de forte croissance aux USA sous l’impulsion de WMT qui est le premier retailer à déployer Edge Sense, ils entendent démontrer le potentiel commercial de cette nouvelle solution, en rupture avec les ESL classiques, mais aussi son impact positif sur les marges. Par rapport aux ESL traditionnelles, Edge Sense apporte beaucoup plus de fle...

5h / 53m 5h / 53m 1 FR

Oliver Metzger ... (+2)

Oliver Metzger
Thomas Zlowodzki

ODDO BHF Small & MIDCAP MORNING NEWS - 10/01/2024

5h / 59m 5h / 59m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Aston Martin Lagonda : Un avertissement qui inquiète sur la liquidité

ODDO BHF Small & MIDCAP MORNING NEWS - 10/01/2024

ODDO BHF Small & MIDCAP MORNING NEWS - 01/10/2024

Aston Martin Lagonda : Profit warning raising liquidity concerns

Tecan Group AG : Enabling crucial innovation in healthcare

VusionGroup : Feedback roadshow : Edge Sense est le principal contributeur à la progression des marges à CT et un catalyseur clé pour la trajectoire de croissance à MT

ODDO BHF Small & MIDCAP MORNING NEWS - 10/01/2024

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe