Ahold Delhaize: forecast beat cycle restored

Q1 sales and EBIT topped expectations in both of the group's geographies, continuing to demonstrate Ahold Delhaize's ability to preserve LfL growth and profitability during disinflationary times. We expect limited upgrades to consensus estimates prior to the CMD, but are betting more on a gradual r

100% pay-out "due to solid cash position"

EBITDA of USD 31m (-7% vs. ABGSC, -8% vs. cons.). Mostly fixed, at slightly higher levels. Positive share price reaction warranted.

Higher costs weigh on results

Adj. PTP -1% vs. ABGSCe, -3% vs. cons driven by weaker costs vs. cons. Cons. '24e-'26e EPS rev. likely down 1-4%

Aurubis : Solid Q2 results, guidance confirmed but outlook comments a ...

>Good, in-line Q2 results driven by metal gains - Aurubis this morning released good, in-line Q2 2023-24 (ended 31 March) results with operating EBITDA at € 179m, 3% below ODDO BHF and 2% below company-compiled consensus. The figure improved 13% q-o-q despite lower TC/RCs for concentrate (the benchmark stepped down to $ 80 and 8ct/lb on January 1 from $ 88.8 and 8.8ct in 2023). The pick-up was mostly driven by higher metal gains on the back of recent solid development...

Stabilus SE : Mixed Q2 23/24 results and specifying its guidance at th...

>STM suffered from a weak macro environment in Q2-23/24 - Stabilus released a mixed set of results for its Q2-23/24. Reported Group sales are +1% YOY to €314m (+1% vs. ODDO BHF & css.) with an organic growth rate of +1.0%. Sales are strongly up in APAC (+12% YOY), flat in EMEA and down in the Americas (-4%). In terms of market segment Aerospace, Marine & Rail (+66% YOY), Health, Recreation& Furniture (+6%) and Automotive (+5%) with especially Powerise are showing YOY ...

CAMURUS reports Q1, showing encouraging sales uptake in the US

Camurus reported its Q1 2024 results, where i) total revenues came in at SEK 390m (vs css SEK 405m, -3.7%), of which SEK 364m product sales (+3% QoQ at CER), ii) profit before tax came in at SEK 97m (vs css 80.3m, +20%), and iii) a cash position at SEK 2,274m. We observe a steady increase in the nu

Parker Hannifin Corp: 4 directors

Four Directors at Parker Hannifin Corp sold after exercising options/sold 5,837 shares at between 536.490USD and 548.850USD. The significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by ...

Sit S.p.A: 1 director

A director at Sit S.p.A bought 22,500 shares at 2.171EUR and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...

Q1 report: building up IRL757

Lanxess : Q1 EBITDA € 101m in-line; expects 10-20% EBITDA 24 growth, l...

>Q1 EBITDA pre of € 101m in line with consensus of € 98m - Group sales declined by 15% y-o-y to € 1,607m (css € 1,578m) including volume decline by 5.4% y-o-y (Q4 23: -12% y/y) but up 13% q-o-q. Price erosion was 9.2% y-o-y and just -1% q-o-q. EBITDA pre of € 101m was in line with consensus/ODDO BHF estimates of € 98m and down 47% y-o-y on a high comparison base. EBITDA pre regained slightly from € 97m in Q4 2023. Activity pick-up throughout Q1 pushed receivables, wei...

Vogo : AK finalisée pour un montant de 4.25 M€ - OC mécaniquement ajus...

>AK de 4.25 M€ finalement - Vogo a annoncé hier la finalisation de son augmentation de capital ouverte du 18 avril au 2 mai, avec maintien du DPS. Au cours de cette opération, la société a pu lever finalement 4.25 M€ brut à travers l’émission de 1.05m d’actions nouvelles. Le prix de souscription était de 4.04 € par action, traduisant une décote de 17% sur le cours de clôture de la veille du lancement de l’opération (10 avril). Le montant levé est donc légèrement en d...

Bechtle AG : Bechtle delivers Q1 results below consensus expectations

>Q1 results -7.7% below consensus on top line and -4.2% on bottom line - Bechtle released Q1 results that were below our and the consensus expectations. Revenue declined by -2.3% y-o-y to € 1,503.4m, driven by a -3.8% decline y-o-y in the IT System House segment to € 932.3m. The IT E-Commerce segment was flat y-o-y at € 571.1m. EBT increased by +2.9% y-o-y to € 82.0m below our and the consensus expectations of € 85.9m and € 84.8m respectively and implying a margin of ...