Vianet has published a positive trading update for FY24 with turnover up 7.6% to £15.18m, a 3.5 percentage point increase in gross margin YoY, and adjusted EBITA ahead of market expectations. Net debt continues to fall and closed FY24 at £1.52m (£2.1m at 30 September 2023), demonstrating strong free cash flow generation, even without the benefit of the £0.9m tax receipt received in 1H24, which augers well for a final dividend. The company reported a new contract with Wilcomatic Wash Systems, the...
>Q1 sales at -5.9% with organic growth of just +1.4% - Nestlé posted very poor Q1 results well below expectations which had been already lowered during the last 4 weeks. Reported net sales came in at CHF 22,092m at -5.9% (VA consensus at -3.8% and ODDO BHF at -3.2%) with FX at -6.7%, a scope effect of -0.6% and organic growth at a very low level of +1.4% (VA css at +3.1% and ODDO BHF at +2.6%). Q1 organic growth of just +1.4% was driven by a negative volume mix ...
>Q1 EBITDA up 41% and EBIT up 75% - Fugro this morning published its 24Q1 trading update:- Revenues up comparable up 9.0% y-o-y to € 503.2m (AAOB € 500.9m) with Marine up 13.8% to € 378.2m (AAOB € 363.6m) and Land down 3.5% to € 125.0m (AAOB € 137.2m)- Adjusted EBITDA up 41% y-o-y to € 82.8m (AAOB € 61.1m), equivalent to an EBITDA margin of 16.5% (12.6% a year ago, AAOB 12.2%)- Adjusted EBIT up 75% y-o-y to € 44.2m (AAOB € 21.7m), equivalent to an EBIT ...
Q1 2024 sales climbed by 54% (54% at CER) YoY and 7% QoQ, totalling SEK 184.4m. The US market, owing 77% of overall sales, was boosted by a 65% growth (65% at CER), with CERAMENT G being the major driver bringing SEK 92m sales (SEK 34.8m). EU showed a 27% YoY growth in sales, delivered by both prod
>CA T1 : +5.3% en organique (vs css à 4.5%) - Schneider Electric a publié ce matin un chiffre d’affaires T1 à 8 606 M€, en progression de 1.3% en publié. La croissance organique affiche une hausse de 5.3% (ODDO BHF 3.7%, css 4.5%).L’écart s’est encore creusé en termes de performance, avec une division Energy Management qui reste en forte croissance (+8.9% en organique), tandis que la divison Industrial Automation affiche un recul de 6.6% en organique, 1er trimes...
>Q1 2024 results below expectations driven by automotive and an acceleration of the ongoing correction - This morning, STM reported its Q1 2024 results which were clearly below expectations. Revenues were $ 3,465m, down 19,1% q-o-q and down 18.4% y-o-y, below consensus at $ 3.6bn. Guidance was for revenues at $3.6bn, a q-o-q decrease of 15.9%, +/- 350bp. The gross margin was 41.7% also clearly below consensus at 42.3% (guidance was at 42.3% +/- 200bp). EBIT stood at $...
>Neutral rating reiterated, target price based on the consortium bid - Believe yesterday evening reported Q1 revenues that came in slightly below our estimate with adjusted organic growth of 16% whereas we looked for 20%. The first quarter was therefore a little softer than anticipated. The group held a conference call afterwards in which it indicated that it expects an acceleration in organic growth in the rest of the year. The management confirmed all of their grow...
>Q1 2024 results below expectations driven by automotive and an acceleration of the ongoing correction - This morning, STM reported its Q1 2024 results which were clearly below expectations. Revenues were $ 3,465m, down 19,1% q-o-q and down 18.4% y-o-y, below consensus at $ 3.6bn. Guidance was for revenues at $3.6bn, a q-o-q decrease of 15.9%, +/- 350bp. The gross margin was 41.7% also clearly below consensus at 42.3% (guidance was at 42.3% +/- 200bp). EBIT stood at $...
>Publication du CA T1 en ligne avec nos attentes - Crit publie un CA T1 de 584.5 M€ (582.1 M€ estimé) vs 583 M€ YoY en hausse de 0.3% et 0.1% en organique. Il est le reflet d’un début d’année difficile pour le marché du Travail Temporaire dans la foulée de la fin de l’année passée. Le CA TT ressort ainsi à 468.3 M€ (470.2 M€ estimé) vs 479.8 M€ YoY en repli de 2.4% et -2.5% en organique mais -1% à nombre de jours ouvrés constants (CJO). Le CA TT France ressort à 339.5...
The Bulgarian equity market finished strong on Wednesday concentrated in a narrow range of names, leaving the major indexes close to their 15-years highs. SOFIX (816.99) advanced by 1.48%, while the broad indexes BGTR30 (820.87) and BGBX40 (165.76) added 0.60% and 0.92%, respectively. First Investment Bank (BSE, BGN 2.90, +4.32%), M+S Hydraulic (MSH, BGN 12.10, +6.14%) and Eurohold (EUBG, BGN 1.35, +3.05%) settled higher while other 5 out 15 names remained untraded. The volumes, on the other han...
Han’s Laser’s 1Q24 reported net profit surged 594% yoy due to a one-off investment gain of Rmb1.05b from the disposal of a subsidiary. Stripping out non-core items, core net profit was below our and market expectations at a Rmb6m loss, due to a margin squeeze and deteriorating product mix. Going forward, we remain cautious on its recovery due to sluggish end demand, as well as sustained pricing pressure on PCB equipment. Maintain HOLD and keep target price at Rmb17.10.
A director at Lithium Americas Corp (NewCo) maiden bought 8,000 shares at 6.480CAD and the significance rating of the trade was 53/100. 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 l...
>Q1 2024 revenues: mirror effect - Unsurprisingly, the group was hit by a sharp decline in its revenues. They came in at € 836.4m (€ 799.2m estimated) vs. € 1,051.6m, down 20.5% and -12.7% organically (vs -20% organically estimated). The volume effect was predominant at -€ 1,25.7m (-12%) and the forex effect at -€ 85.8m (-8.1%). Lastly, the price/mix effect was more limited than expected at -€ 7.7m (-0.7%). The group published Q1 EBITDA at € 203.9m (€ 186.4m est.) v...
>Un cash burn opérationnel en net recul - Adocia a publié hier soir ses chiffres au titre de l’exercice 2023. Les produits opérationnels sur la période ressortent à 6 M€ (vs 17.3 M€ en 2022 dont un milestone de 4.8 M€ reçu dans le cadre de son partenariat en Chine). Les charges opérationnelles courantes sont en baisse de 31% à 20.3 M€ sous l’effet du recul des charges R&D à 14.8 M€ (vs 25.9 M€ en 2022). Il en résulte une perte courante de -14.2 M€ (contre -12.9 M€ un ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.