Oddo BHF - RENK GROUP AG (R3NK) RENK : Preview T3 – Un trimestre de transition avant une accélération de la croissance

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Oddo BHF

Olfa Taamallah ...

Yan Derocles

RENK : Preview T3 – Un trimestre de transition avant une accélération de la croissance

>Un trimestre de reprise en main… - Renk publiera son T3 2024 le 30 novembre, trimestre où nous anticipons les premiers effets notables de la reprise en main de la production à Augsburg (Allemagne) comme à Muskegon (Etats-Unis). Nous tablons sur un CA de 265.2 M€ (+9.4%) où la saisonnalité de l’activité Marine & Industry (base de comparaison élevée au T3 2023 liée aux livraisons pour le segment Navy) masque i/ la forte accélération des livraisons de transmissions avec...

02/10/2024 1 FR

Underlying

RENK GROUP AG

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DE000RENK730 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.

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Analysts

Olfa Taamallah

Yan Derocles

Other Reports on these Companies

Oddo BHF

ODDO BHF Small & MIDCAP MORNING NEWS - 10/02/2024

We are lifting our sector rating for real estate from Underweight to Neutral, due to the cycle of rate cuts by central banks and a more positive tone from sector players. - ...

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Oddo BHF

ODDO BHF Small & MIDCAP MORNING NEWS - 02/10/2024

Nous remontons notre rating sectoriel sur le Real Estate de Sous-pondérer à Neutre, en raison du cycle de baisse des taux de la part des banques centrales et d’un ton plus positif des acteurs du secteur. - ...

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Oddo BHF

RENK : Q3 preview – A transition quarter ahead of an acceleration in growth

>A quarter characterised by getting production under control… - Renk is due to report its Q3 2024 figures on 30 November, with the quarter set to see the initial notable effects of the group getting production back under control at Augsburg (Germany) as in Muskegon (US). We forecast revenues of € 265.2m (+9.4%) with seasonality for the Marine & Industry business (high comps from Q3 2023 with the delivery for the Navy segment) masking i/ a significant acceleration in d...

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Credit Recommendations - October 2024

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2h / 24m 2h / 24m 1 EN

Suivi des Recommandations Crédit - Octobre 2024

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2h / 30m 2h / 30m 1 FR

Christophe Chaput ... (+3)

Christophe Chaput
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ODDO : The recovery is only beginning and the best is yet to come

The rate cut carried out and yet to come (ECB: -125bp to -150bp to come by end-2025e) is a real driver for listed real estate and creates the conditions enabling it to outperform. In this context, we are lifting 23 target prices for the 42 stocks covered. Covivio, CTP, Merlin Properties, URW, Vonovia and Xior Student Housing are now our Top Picks. Aedifica (Outperform vs Neutral) should also benefit. Lastly, we are lowering Care Property to Neutral and SFL to Underperform. - >...

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RENK : Preview T3 – Un trimestre de transition avant une accélération de la croissance

ODDO BHF Small & MIDCAP MORNING NEWS - 10/02/2024

ODDO BHF Small & MIDCAP MORNING NEWS - 02/10/2024

RENK : Q3 preview – A transition quarter ahead of an acceleration in growth

Credit Recommendations - October 2024

Suivi des Recommandations Crédit - Octobre 2024

ODDO : The recovery is only beginning and the best is yet to come

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