reports
- Delphine Brault
- Quentin Borie
Epiroc : Le recul de la marge inquiète avant l’intégration de Stanley ...
>T1 2024 : marge d’EBIT ajusté en recul de 260pb à 20.4% - Epiroc a publié hier matin ses résultats T1 2024 (voir first take) qui étaient en dessous des attentes sur les prises de commandes (-5%) et sur l’EBIT ajusté (-4%).Les prises de commandes étaient en recul de 3% en organique (css à -1.2%), impactées notamment par moins de large orders (400 MSEK vs 900 MSEK au T1 2023). Le chiffre d’affaires était en hausse de 3% en organique (css à 2.7%).La marge...
- Delphine Brault
- Quentin Borie
Epiroc : Margin decline causes concern ahead of Stanley Infrastructure...
>Q1 2024: adjusted EBIT margin down 260bp to 20.4% - Yesterday morning Epiroc reported Q1 2024 results (see our First Take) that fell short of expectations on the order intake (-5%) and on adjusted EBIT (-4%).New orders were down -3% on an organic basis (consensus at -1.2%), affected notably by fewer large orders (SEK 400m vs SEK 900m in Q1 2023). Sales grew 3% in organic terms (consensus at 2.7%).The adjusted EBIT margin was down 260bp to 20.4% (consen...
- Klaus Breitenbach
Borussia Dortmund GmbH & Co KGaA : BVB extends management board to fou...
>Lars Ricken appointed as additional managing director - On Monday (22 April 2024), BVB issued an ad-hoc release that Lars Ricken is appointed as an additional managing director with effect from 1 May 2024. His employment contract as managing director runs until 30 June 2027. Lars Ricken will have joint power of representation and will be responsible for the company’s “Sport” business division.New management board with four members - From 1 May 2024, ...
- Hela Zarrouk
- Johanna Jourdain
Pierre & Vacances : Croissance dynamique du CA Tourisme sur le T2 – Bo...
>CA S1 Tourisme : +8.9% dont 11.8% sur le T2 tiré par Center Parcs - P&V a publié un CA S1 22/23 globalement en ligne avec les attentes, à 822.2 M€, en hausse de 1.7% y-o-y (ODDO BHF : 826.9 M€e), dont un CA Tourisme (93% CA S1) en progression de 8.9%, avec une accélération sur le T2 (+11.8%). Le CA S1 hébergement ressort à 597.4 M€, +8.6% y-o-y (dont +11.7% au T2), avec par division : 1/ poursuite d’une activité dynamique chez Center Parcs : +9.3% y-o-y (13.1% sur le...
Engage XR Holdings: 3 directors
Three Directors at Engage XR Holdings bought 1,572,500 shares at 1.90p. The significance rating of the trade was 67/100. 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 c...
GigaCloud Technology Inc: 1 director
A director at GigaCloud Technology Inc sold 29,823 shares at 34.547USD and the significance rating of the trade was 68/100. 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 year...
- Anthony Dick
- Michael Foundoukidis
OPmobility : Un début d’année conforme aux attentes
>Une publication T1 sans grande surprise - OPmobility (ex-Plastic Omnium) a publié, hier, un CA T1 2024 de 2 613 M€, en ligne avec les attentes (2 580 M€) et en croissance organique de 3.4%, suggérant une surperformance robuste de 430 pb par rapport à la production automobile (activité Extérieur, Amérique du Nord notamment) malgré un mix géographique défavorable ce trimestre. Au-delà, le management nous a semblé toujours confiant dans ses perspectives et a, sans surpr...
- Anthony Dick
- Michael Foundoukidis
OPmobility : Start of the year in line
>No major surprises in the Q1 sales release (430bp outperformance vs LVP) - OPmobility (formerly Plastic Omnium) yesterday reported Q1 2024 sales of € 2,613m, in line with expectations (€ 2,580m) and showing organic growth of 3.4%, thus pointing to a robust outperformance of 430bp versus LVP (exterior business, North America notably) despite an unfavourable geomix in the quarter. Otherwise, the CEO still seemed confident on the outlook and, as expected, confirmed all ...
- Baptiste Lebacq
Saipem : The recovery seems to be confirmed in a buoyant environment
>Neutral recommendation maintained and target price raised to € 2 - Post conference call (for further details on Q1 2024 results, see our First Take of 23 April 2024), we are maintaining our EBITDA guidance unchanged, with the only adjustment to EPS 2024 coming from higher-than-expected interest expense (€ 200m vs € 150m previously). We are lifting our target price to € 2 to factor in: The rise in peer group multiples seen since our last update in February ...
- Juan Ros-Padilla
Pharma Mar : Q1 earnings in line
>Oncology gains momentum - Sales grew +12% y-o-y in Q1 2024 (vs -20% in Q4 and -9% in Q3). Biopharma sales increased +25% y-o-y in Q1 2024 (compared to -32% in Q4 and -27% in Q3) namely owing to higher revenues from Zepzelca and, to a lesser extent, also higher raw material and ‘early access’ sales. Royalties posted a +14% y-o-y increase (vs -6% in Q4 and+20% in Q3) while the more erratic licence revenues declined -8% which nonetheless implies a material sequential im...
- Aurelien Sivignon
Compagnie des Alpes : Excellent niveau d’activité cet hiver
>T2 de très bonne facture, supérieur aux attentes - CDA a publié hier soir son CA T2 supérieur à nos attentes à 561 M€ (vs 523 M€e), en hausse de 18% y-o-y. Sur le S1, le CA s’élève donc à 761 M€ soit une progression de 12%. Par activité, nous retenons :1/ pour les Domaines skiables (77% du CA T2), le CA progresse de 17% au T2 à 430 M€. Au regard de l’effet calendaire (vacances de Noël à cheval sur T1 et T2), l’analyse est plus pertinente au semestre. Le CA S1 a prog...
Salesforce Inc: 7 directors
Six Directors at Salesforce Inc sold after exercising options 36,029 shares at between 273.152USD and 279.100USD. The significance rating of the trade was 67/100. 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 com...
- Anthony Dick
- Michael Foundoukidis
Renault : The best is yet to come
>Q1 sales a shade above expectations thanks to financial services - Yesterday, Renault published Q1 2024 sales that came in slightly above expectations at € 11.7bn (+2% vs the consensus at € 11.5bn), largely driven by the financial services business (+28%, 11% above estimates) whilst the Autos business was in line (€ 10.4bn) despite a more negative volumes contribution (-4.6 vs -2.8 points), slightly less robust pricing than expected (+4.1 vs +5.0 points) and thanks ...
- Christophe Chaput
BIC : Une profitabilité proche des attentes mais avec de fortes dispar...
>Un ROC T1 proche des attentes : 62.8 M€ vs 65.6 M€ estimés (css 63.7 M€) - Au titre de son premier trimestre, BIC publie des résultats globalement proches des attentes. Nous retenons ainsi : 1/ un chiffre d’affaires de 521.7 M€ en hausse de 5.9% à change constants en précisant que retraité de l’Argentine, l’activité serait stable. Hors Argentine, nous retenions +0.8%. 2/ Au niveau du résultat d’exploitation ajusté, celui-ci ressort à 62.8 M€ ce qui est proche des att...
- Jean-François Granjon
Séché Environnement : Confirmation des objectifs annuels malgré un déb...
>Publication du CA T1 proche de nos attentes - Séché Environnement publie un CA T1 contributif de 247.2 M€ (250 M€ estimés) vs 247.5 M€ YoY, flat mais en repli organique de 7.4%. Cette moindre performance s’explique par des éléments non récurrents qui avaient positivement impacté le CA de référence dont des activités spots de dépollution. Aussi, l’effet de base était soutenu (+11.9% en organique). Ce trimestre a bénéficié d’un effet périmètre favorable (+20 M€) avec l...
- Anthony Dick
- Michael Foundoukidis
Renault : Le meilleur reste à venir
>CA T1 légèrement supérieur aux attentes grâce aux services financiers - Renault a publié, hier, un CA T1 2024 légèrement supérieur aux attentes à 11.7 Md€ (+2% vs css à 11.5 Md€), essentiellement tiré par les services financiers (+28%, 11% au-dessus des attentes) alors que l’Automobile était en ligne (10.4 Md€) malgré des volumes plus négatifs (-4.6 vs -2.8 pt), un pricing légèrement moins robuste qu’attendu (+4.1 vs +5.0 pt) et grâce aux partenaires (+2.4 vs +0.3 p...
DSV, 1104 - LAUNCH OF NEW SHARE BUYBACK PROGRAMME ACCORDING TO THE SAF...
DSV, 1104 - LAUNCH OF NEW SHARE BUYBACK PROGRAMME ACCORDING TO THE SAFE HARBOUR METHOD Company Announcement No. 1104 The Board of Directors of DSV A/S has decided to exercise the authority to buy back shares granted by the Annual General Meeting on 14 March 2024. The authority is valid until 14 March 2029 and covers a maximum of 21,400,000 shares. Purpose The purpose of the share buyback is to adjust the capital structure and meet obligations relating to the Group’s share-based incentive programmes. At a General Meeting of DSV A/S, a resolution will be proposed that any shares not ...
DSV, 1103 - INTERIM FINANCIAL REPORT Q1 2024
DSV, 1103 - INTERIM FINANCIAL REPORT Q1 2024 Company Announcement No. 1103 Selected key figures and ratios for the period 1 January – 31 March 2024 Q1 2024Q1 2023Key figures (DKKm) Revenue38,34040,954Gross profit10,26511,391Operating profit (EBIT) before special items3,6414,672Profit for the period2,3933,287Adjusted earnings for the period2,4633,340 Ratios Conversion ratio35.5%41.0%Diluted adjusted earnings per share of DKK 1 for the last 12 months55.376.9 Jens H. Lund, Group CEO: “In a normalising market, we are off to a good start delivering strong financial results in the fi...
Press Release Orange: Good start to the year, strong momentum on “Lead...
Press Release Orange: Good start to the year, strong momentum on “Lead the Future” Press releaseParis, 24 April 2024 Financial results at 31 March 2024 Good start to the year, strong momentum on “Lead the Future” Creation of MASORANGE, new leader in SpainAcceleration of revenue and EBITDAaL growth in the first quarterConfirmation of 2024 targets In millions of euros 1Q 20241Q 2023comparablebasis1Q 2023historicalbasischangecomparablebasischangehistoricalbasisRevenues 9,8509,6499,5172.1 %3.5 %EBITDAaL 2,4062,3512,3062.3 %4.3 %eCAPEX (excluding licenses) 1,5501,5121,4932.5 %3.8 %o/w Contin...
Communiqué de presse Orange : Solide performance au premier trimestre,...
Communiqué de presse Orange : Solide performance au premier trimestre, bonne dynamique de « Lead the Future » Communiqué de presse Paris, le 24 avril 2024 Information financière au 31 mars 2024 Solide performance au premier trimestre, bonne dynamique de « Lead the Future » Création de MASORANGE, nouveau leader en EspagneAccélération de la croissance du chiffre d’affaires et de l’EBITDAaL au premier trimestreConfirmation des objectifs annuels 2024 En millions d’euros T1 2024T1 2023à basecomparableT1 2023en donnéeshistoriquesvariationà basecomparablevariationen donnéeshistoriquesChiffre...
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