reports
Barco NV: 2 directors
A director at Barco NV bought 4,675 shares at 13.000EUR and the significance rating of the trade was 37/100. 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 showi...
Stanley Black & Decker Inc: 1 director
A director at Stanley Black & Decker Inc sold 3,442 shares at 86.795USD and the significance rating of the trade was 50/100. 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 yea...
Netcompany Group AS: 1 director
A director at Netcompany Group AS sold 5,000 shares at 310.390DKK and the significance rating of the trade was 66/100. 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 cle...
- Martijn Den Drijver
MAREL HF : Weaker than expected Q1, 2024 adj. EBIT margin target (10%-...
>Miss on orders, sales and adj. EBIT, net debt up materially - Despite the cautious round of pre close calls, MAREL’s Q1 2024 results disappoint. Orders remain soft and have declined sequentially (albeit up yoy), missing css by 4%. This is mainlky due to customers delaying investments because of the high interest rate environment and low profitability in their own sector as well as geopolitical uncertainty. Due to the weak order intake of previous quarters, sales have...
- Olfa Taamallah
- Yan Derocles
Leonardo : B787 problems pose threat to safety net built into capex pl...
>Q1 EBITA 9% > css for the quarter, the weakest of the year - Leonardo reported solid Q1 figures, driven by the Defence Electronics segment across all areas. EBITA came in 9% ahead of expectations at € 182m (ODDO BHF: € 159m, company-compiled consensus: € 167m), +67% pro forma, for revenues of € 3.664bn (+15.3% pro forma), or a margin of 5%. Nearly all the gap with our estimates stems from the DES division and particularly the European portion (+38.2% at the EBITA lev...
- Martin Marandon-Carlhian
- Stephane Houri
Infineon Technologies AG : The low point reached = rebound, target pri...
>Outperform reiterated, target price raised to € 45 vs € 40 despite the warning - Following the publication of Q2 2024 results that came in a shade above of expectations yesterday and despite the downward revision to the guidance for 2024 (the weakness of demand in automobile and the deepening of the correction in industry) the stock rebounded strongly (+13%). Despite this revision, the market above all retained that 1/ Infineon has indicated that it has de-risked its...
- Chaima Ferrandon
- Sven Edelfelt
Heidelberg Materials : Getting off to a good start
>A quiet Q1 2024, as expected, but an improvement in April! - The comments on Q1 2024 are available in our equity flash of 7 May (“Slow and steady wins the race”). Our takeaways from the conference call are given below. The CEO remains optimistic on the price cost differential in the context of falling fuel prices whilst sales volumes were up slightly in April. The group has activated the closure of some industrial sites in key markets. Management appears to be workin...
Redrow: 1 director
A director at Redrow sold 4,768 shares at 695p 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 last two years clearly showing Close ...
Kellanova Co: 1 director
Two Directors at Kellanova Co sold 87,600 shares at between 60.052USD and 60.923USD. The significance rating of the trade was 70/100. 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 las...
- ABGSC Financials Research
- Fredrik Flørnes Støle
- Jan Erik Gjerland
- Martijn Den Drijver
AMG : An okay quarter, 2024 adj. EBITDA guidance reiterated
>Beat on sales, in line EBITDA, net debt a miss - AMG reported sales Q1 of $358m a solid beat versus our estimate of $337m with adj. EBITDA coming in at $30.8m versus our estimate of $30.9m. Unfortunately we do not have access to Visible Alpha and the Bloomberg consensus is worthless (only 1 contribution in the old reporting format). The quality of the EBITDA is somewhat less than normal as $2.1m in costs related to the expansion of the Brazilian mine has been classif...
- Delphine Brault
- Quentin Borie
Siemens Energy AG : Un T2 bien meilleur qu’attendu, même retraité des ...
>T2 2023/24 : résultat opérationnel et FCF bien meilleurs - Siemens Energy a publié ce matin ses résultats T2, avec un résultat opérationnel et un FCF meilleurs que prévu. Au niveau consolidé, les commandes s’établissent à 9.5 Md€, en baisse de 22% en comparable (dont -76% pour Siemens Gamesa, -21% pour Gas Services, +27% pour Grid Technologies). Le chiffre d’affaires atteint 8.3 Md€, +3.7% en comparable (-6% pour GS, +25% pour GT, -4.6% pour Siemens Gamesa). L’EBITA...
- Damien Choplain
- Martial Descoutures
AstraZeneca : A consensus that leaves little room for surprising guida...
>The premium can be justified by short-term growth and a well-stocked pipeline - AZN certainly benefits from: i/ attractive short-term core EPS growth for 2023-2027, up 11.5% (+12.7% expected this year), and undoubtedly the most well-stocked pipeline in the industry. These elements partly justify the market premium for its 2025 P/E (+43% vs sector median), leading to a 2023-2027 PEG of 1.6x vs 1.3x for the sector. However, this growth should be more timorous in 2...
- Delphine Brault
- Quentin Borie
Knorr-Bremse AG : Un bon début d’année 2024, la guidance est confirmée
>T1 2024 : croissance org. du CA de 6.1% et marge d’EBIT operating de 12.1% - Knorr-Bremse a publié ce matin ses résultats T1 2024. Les prises de commandes ont été meilleures qu’attendu (à 2.1 Md€, soit 1.07x de book-to-bill), les deux divisions sont au-dessus des attentes avec une croissance organique de 8% des commandes dans le rail (RVS), et un recul de 9.2% dans les poids lourds (CVS). Le groupe a réalisé un chiffre d’affaires de 1 974 M€ (consensus à 1 962 M€), e...
EQS-News: Wolftank Group sichert sich zwei neue Großaufträge in Italie...
EQS-News: Wolftank-Adisa Holding AG / Schlagwort(e): Auftragseingänge/Vertrag Wolftank Group sichert sich zwei neue Großaufträge in Italien im Gesamtwert von 6,7 Millionen Euro 08.05.2024 / 08:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Wolftank Group sichert sich zwei neue Großaufträge in Italien im Gesamtwert von 6,7 Millionen Euro Wolftank Group (Wolftank-Adisa Holding AG, ISIN: AT0000A25NJ6), Spezialist für Umwelt- und Energietechnologien mit Fokus auf Emissionsreduktion, hat zwei neue Aufträge in Italien mit einem Wert von...
EQS-News: Wolftank Group secures two new major orders in Italy with a ...
EQS-News: Wolftank-Adisa Holding AG / Key word(s): Incoming Orders/Contract Wolftank Group secures two new major orders in Italy with a total value of EUR 6.7 million 08.05.2024 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. Wolftank Group secures two new major orders in Italy with a total value of EUR 6.7 million Wolftank Group (Wolftank-Adisa Holding AG, ISIN: AT0000A25NJ6), a specialist in environmental and energy technologies with a focus on emission reduction, has been awarded two new contracts in Italy with a total value of...
- Wim Lewi
Montea FIRST LOOK 1Q24 results : raises FY25 outlook on faster complet...
Net Rental Income of EUR 27.2m came below our expectation of 28.1m. The 1Q24 EPRA EPS of 0.98 also came below our 1.01 expectation. We expected a bit more lfl growth and uplift from completions. However, Montea confirmed FY24 EPRA EPS to 4.55 (excl. FBI) and even raised FY25 EPRA EPS from 4.65 to 4.75 thanks to a faster expected completion of its pipeline. We are still awaiting the Tiel (NL, 91k GLA) permit. This could result in a pipeline acceleration FY25. Another positive effect is a flat Ne...
- Wim Hoste
AB InBev FIRST LOOK: solid start of the year with 1Q EBITDA +5.4%
Despite the continued impact from Bud Light in the US, 1Q EBITDA was up 5.4% and above our and CSS forecasts (of respectively +0.2% and +1.9%). Comparatives will significantly ease in the US going forward and ABI reiterated FY24 guidance of 4-8% EBITDA growth (KBCS +6%, CSS +8%). We still appreciate ABI for its leadership positions in the global beer market, high intrinsic profitability and LT growth prospects in its emerging markets businesses. Deleveraging is on track and with valuation multip...
DuPont De Nemours Inc: 1 director
A director at DuPont De Nemours Inc sold 18,500 shares at 78.400USD and the significance rating of the trade was 81/100. 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...
- ABGSC Pulp & Paper Research
- Ali Shemmari
- Martin Melbye
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