The Rear-View Mirror – EME markets: Poland outperforms; Türkiye declines

EME Equity Market – February 2025 Poland outperforms, again; Türkiye declines. The MSCI EM Europe Index advanced by 3.1% in EUR terms and 2.9% mom in USD terms in February. The Polish WIG20 was, once again, the best performer, adding 7.3% mom in February; followed by the Czech PX Index (+6.1% mom); while Greece (+3.8% mom), Hungary (+3.5% mom) and Romania (+3.0% mom) all reported rather similar performances. The Turkish ISE30 was the worst performer, declining 4.5% mom.

ODDO BHF Small & MIDCAP MORNING NEWS – 02/28/2025

ODDO BHF Small & MIDCAP MORNING NEWS – 28/02/2025

Andritz : In Pole Position

Andritz is well positioned to win upcoming major pulp mill projects (42% Pulp & Paper sales share in 2024), which should raise sales to the targeted level of € 9-10bn for 2027e and trigger a revaluation of the share. The group’s high-margin service business should continue to grow and support an increase in the comparable EBITA margin to over 9% by 2027e (vs 8.9% in 2024). The higher group order intake in Q4 2024 (+27% vs css) confirms the improved business sentiment in all segments. With its asset-light business model, Andritz averaged a 13.9% ROIC in the last five years and has a € 812m net ...

Givaudan : Q1 25 preview

Eurofins : Weak Q1, acquisition of related-party real estate and potential disposals