Oddo BHF - Credit Morning 02/18/2020

Report

Oddo BHF

Carole Braudeau

Credit Morning 02/18/2020

Bombardier has reached an agreement to sell its train unit to Alstom Intesa Sanpaolo launches a surprising but convincing takeover bid on UBI Banca>...

18/02/2020 11 EN

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.

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Analysts

Carole Braudeau

Other Reports from Oddo BHF

Cor Kluis

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

>Conclusion: Good Q1 net profit, material SBB, stable NII and costs - For Q1 24, we expect a net profit of € 1.52bn with assumed 10bp of loans in loan losses. For Q1 24 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 wa...

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Stephane Beyazian

Stephane Beyazian

Orange : Les hausses de prix compensent la faiblesse commerciale au T1 2024

>Des résultats au T1 2024 très légèrement au-dessus du consensus (1%) - CA du T1 2024 ressort en hausse de 2,1% à 9 850 M€ (0,9% au-dessus du cons. de 9 758 M€), tiré par la croissance en Afrique. L’EBITDAaL du T1 2024 est en hausse de 2,3% à 2 440 M€ (0,4% au-dessus du consensus de 2 430 M€). Les objectifs 2024 sont confirmés : légère croissance de l’EBITDAaL (+2,4% au T1), investissements disciplinés (+3%), FCF > 3,3 Md€ (pas de publication au T1) et dividende de 0,...

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Ahmed Ben Salem ... (+2)

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Thijs Berkelder

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

>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...

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Credit Morning 02/18/2020

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

Orange : Les hausses de prix compensent la faiblesse commerciale au T1 2024

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

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