ODDO BHF Small & MIDCAP MORNING NEWS - 10/23/2024

28 October could mark a crucial step forward in the resolution of the asbestos litigation. The hearing set on this date at the Delaware court could lead to the launch of the plaintiffs’ vote on the reorganisation plan (agreement if 75% of plaintiffs vote in favour of the plan). We think that this vote is highly likely to materialise, notably with the integration of J&J into the plan (hearing of 8 October). The intrinsic valuation of the group’s assets (TQC, the Beauvoir/Saint-Austell ...

ODDO BHF Small & MIDCAP MORNING NEWS - 23/10/2024

Le 28 octobre prochain pourrait marquer une avancée cruciale dans la résolution des litiges amiante. L’audience prévue pour cette date dans l’agenda du tribunal du Delaware pourrait conduire au lancement du vote des plaignants sur le plan de réorganisation (accord si 75% des plaignants votent le plan). Nous pensons que ce vote a de grandes chances d’aboutir avec l’intégration de J&J dans le plan (décision du 8 octobre dernier). La valorisation intrinsèque des actifs du groupe reviendr...

Roche Bobois : Q3 figures in line with expectations– 2024 guidance confirmed

>Q3 sales down 2.2% (-1.9% l-f-l) to € 96.2m (vs € 97m est.) - Yesterday evening, Roche Bobois published Q3 sales close to our expectation at € 96.2m (vs € 97m est.), slightly down by 2.2% (vs 1.5%e). 9M sales thus work out at € 300.6m cumulative, down 6.1% (-6.2% l-f-l). At the end of September, the level of the order book remaining to be delivered remains at a high level at € 139m (vs € 137.5m as of 30 June 2024).Still contrasting momentum in volumes - ...

Accor : Test first take

AXA : TEST

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VINCI : Trees can reach to the sky

>Ambitious but realistic targets for VINCI Energies - Today, VINCI is to host a CMD in Paris dedicated to its Energies division, during which it will present its targets out to 2030. VINCI Energies notably forecasts: Annual revenue growth in the mid- to high single digits on average between 2024 and 2030 (consensus at low to mid-single digits for the time being). International revenue up to 65% of total revenue in 2030 (vs 58% in 2023) An operating mar...