Oddo BHF - FII Edificio Castelo (FCAS11) Cast : H1 results without any major surprises, year-end to be crucial

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Oddo BHF

Cast : H1 results without any major surprises, year-end to be crucial

>H1 2018 EBIT at -â‚¬ 5.7m (vs -â‚¬ 5.4m estimated): further investments - Cast reported yesterday evening its interim results, which broadly missed our expectations, but without any real surprises.Revenue (previously reported) was up 16% YoY to â‚¬ 15.6m (vs â‚¬ 16.3m estimated), the operating profit stood at -â‚¬ 5.7m, just â‚¬ 0.3m below our estimate (vs Oddo -â‚¬ 5.4m). Attributable net profit missed our expectations at -â‚¬ 5.7m (vs Oddo -â‚¬ 4.4m estimated).Guid...

11/09/2018 4 EN

Underlying

FII Edificio Castelo

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BRFCASCTF005 Brazil

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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Cast : RÃ©sultats S1 sans grande surprise, la fin dâ€™annÃ©e sera dÃ©cisive

>EBIT S1 2018 de -5.7 Mâ‚¬ (vs-5.4 Mâ‚¬e)Â : Poursuite des investissements - Cast a publiÃ© hier soir ses rÃ©sultats semestriels 2018, qui ressortent globalement infÃ©rieurs de nos attentes, mais sans rÃ©elle surprise.Avec un CA (dÃ©jÃ publiÃ©) en hausse yoy de 16% Ã 15.6 Mâ‚¬ (vs 16.3 Mâ‚¬e), le rÃ©sultat opÃ©rationnel ressort Ã -5.7 Mâ‚¬, lÃ©gÃ¨rement en dessous de notre estimation de 0.3 Mâ‚¬e (vs Oddo -5.4 Mâ‚¬e). Le RNpg, quant Ã lui, sâ€™affiche infÃ©rieur aux attentes Ã -5.7 Mâ‚¬ (vs O...

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>Material misses on Q1 sales for all divisions - Bekaert’s Q1 2024 sales update disappointed with all divisions reporting mid to high single digit misses versus consensus (BBRG even a 14% miss) and total sales missing consensus by 7%. Despite the misses, Bekaert says it has started the year well and in line with expectations. The company says it expects moderate sales growth in the remainder of the year and reiterates its 2024 guidance which calls for an EBITu margin ...

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>FCF of € 562m in H2, in line with targets - This morning, Alstom published its FY 2023-24 results (year to end-March). Order intake was € 19bn (book-to-bill of 1.08x), enabling backlog of € 91.9bn. Sales were up 9.4% l-f-l, at € 17.6bn and the adjusted EBIT was 5.7% (+50bp). The figures were broadly in line with forecasts. Net profit includes €147m restructuring charges and € 142m of integration costs, as well as € 118m in provisions to cover risk on two project...

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Cast : H1 results without any major surprises, year-end to be crucial

ODDO BHF Small & MIDCAP MORNING NEWS - 09/11/2018

Cast : RÃ©sultats S1 sans grande surprise, la fin dâ€™annÃ©e sera dÃ©cisive

Outokumpu : Q1 post-view: several encouraging signs but still a subdued background

Bekaert : Material miss on Q1 2024 sales, 2024 EBIT margin guidance reiterated

Alstom : € 1bn capital increase and € 750m of hybrid debt to bolster the balance sheet and start a new chapter

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