Oddo BHF - IONOS GROUP SE (IOS) IONOS : Un solide T1 2024 et un contrat cloud qui ouvre des perspectives

Report

Oddo BHF

Stephane Beyazian

IONOS : Un solide T1 2024 et un contrat cloud qui ouvre des perspectives

>Impact positif du T1 2024 sur les estimations - A la suite d’un excellent T1 2024, nous relevons légèrement nos prévisions à partir de 2025 (sauf 2024 en raison d’un impact non-cash de contrat de dérivés de 8 Md€):Nous intégrons le contrat de cloud avec les agences du gouvernement (ITZBund) qui permettent une accélération du CA dés 2025 (CA attendu à plus de 20 M€ par an sur 5 ans). Nous prévoyons désormais 17% de croissance TMVA sur 2023-2026 vs 13% précédemmen...

09/05/2024 1 FR

Underlying

IONOS GROUP SE

See profile

DE000A3E00M1 Germany

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

Stephane Beyazian

Other Reports on these Companies

EQUITS GmbH

Weiter auf Kurs: Ausblick bestätigt, überpro-portionales Ergebniswachstum

Das Umsatzwachstum in Q1 lag mit 5,4% auf den ersten Blick deutlich unter dem für das Gesamtjahr 2024 angestrebten Wachstum von rd. 11% (wechselkursbereinigt). Dies hat - ebenso wie der überproportionale Anstieg der Ergebniskennzahlen in Q1 (ber. EBITDA: + 22,7%; ber. EPS: + 42,9%) - seinen Hintergrund auch im margenschwächeren Aftermarket-Geschäft, das eine temporäre Schwäche (in Zusammenhang mit einer Produktneueinführung) zeigte. Unter Ausklammerung des Aftermarket-Geschäftes, lag das Q1-Wachstum bei branchenüberdurchschnittlichen 12,8%. Die Anfang April 2024 verkündete Beauftragung durch d...

EUR 290.00

May 13, 2024 May 13, 2024 7 DE

EQUITS GmbH

On track: Outlook confirmed, above-proportional earnings growth

At 5.4%, sales growth in Q1 was at first glance significantly below the targeted growth of around 11% (adjusted for exchange rate effects) for the full year 2024. This - as well as the disproportionately high increase in key earnings figures in Q1 (reported EBITDA: + 22.7%; reported EPS: + 42.9%) - is also due to the lower-margin Aftermarket business, which showed a temporary weakness (in connection with a new product launch). Excluding the Aftermarket business, Q1 growth was 12.8%, which is above the industry average. The commissioning by the federal administration announced at the beginning ...

EUR 290.00

May 13, 2024 May 13, 2024 7 EN

Oddo BHF

ODDO BHF Small & MIDCAP MORNING NEWS - 05/09/2024

...

May 9, 2024 May 9, 2024 1 EN

Munich Re : Q1 2024 results point to improving technical profitability

>Q1 24 net profit beat driven by technical profits, investment income and FX - We have reviewed our estimates following Munich Re’s Q1 24 results release which came in markedly ahead of expectations. Group net profit came to €2,140m ahead of the € 1,476m consensus and our € 1,590m estimate. The beat was driven by better-than-expected technical profitability in P/C and L/H reinsurance, higher-than-expected investment income and a positive FX result. ERGO’s net profit c...

3m 3m 1 EN

Benoit Valleaux ... (+2)

Benoit Valleaux
Steven Gould

Millennium BCP : Solid Q1 2024 numbers support further significant re-rating potential

>Outperform rating maintained – target price raised to € 0.47 (vs € 0.43) - BCP’s Q1 2024 results lend weight to our positive call on the bank, which is based on a significant recovery in its underlying operating momentum and profitability in the short to medium term, coupled with sizeable solvency strengthening (and the related prospect of a solid improvement in shareholder returns). Despite the upturn in the re-rating since April (+28% YTD, +2 pp vs the sector) and ...

3m 3m 1 EN

Roland Pfaender ... (+5)

Roland Pfaender
MBA
CFA
CCRA
Steven Gould

Commerzbank : Début d’année rassurant

>Opinion Surperformance maintenue – OC porté à 17.7 € (vs 15.8 €) - La publication du T1 2024 confirme l’évolution plutôt favorable pour Commerzbank à la fois sur l’opérationnel (underlying i.e. hors litiges en Pologne) et bilanciel et vient in fine renforcer la crédibilité des perspectives d’amélioration significative du retour à l’actionnaire à CMT. Nous réitérons notre opinion Surperformance tout en portant notre OC à 17.7 € (vs 15.8 €) après un ajustement à la hau...

9m 9m 1 FR

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

IONOS : Un solide T1 2024 et un contrat cloud qui ouvre des perspectives

Weiter auf Kurs: Ausblick bestätigt, überpro-portionales Ergebniswachstum

On track: Outlook confirmed, above-proportional earnings growth

ODDO BHF Small & MIDCAP MORNING NEWS - 05/09/2024

Munich Re : Q1 2024 results point to improving technical profitability

Millennium BCP : Solid Q1 2024 numbers support further significant re-rating potential

Commerzbank : Début d’année rassurant

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