reports
Ledende medarbejderes transaktioner
Ledende medarbejderes transaktioner Selskabsmeddelelse nr. 39 Ledende medarbejderes transaktionerSpar Nord Bank A/S indberetter hermed på vegne af bankens indberetningspligtige transaktioner med Spar Nord Bank A/S-aktier i henhold til Markedsmisbrugsforordningens artikel 19.For yderligere detaljer henvises til vedhæftede skema. Vedhæftet fil
Managers transactions
Managers transactions Company announcement no. 39 Managers transactionsSpar Nord Bank A/S hereby reports on transactions in Spar Nord Bank A/S shares carried out by persons who have a duty of disclosure, in compliance with Article 19 of the Market Abuse Regulation.For further details, please be referred to the attached templates for notification. Attachment
- ABGSC Capital Goods Research
- Anders Idborg
- Karl Bokvist
- Olof Cederholm
VOLV B VOLVO AB CLASS B
WRT1V WARTSILA OYJ ABP
ABB ABB LTD.
SAND SANDVIK AB
TREL B TRELLEBORG AB CLASS B
MOCORP METSO OUTOTEC OYJ
ASSA B ASSA ABLOY AB CLASS B
SKF B SKF AB CLASS B
HPOL B HEXPOL AB CLASS B
ALFA ALFA LAVAL AB
MTRS B MUNTERS GROUP
HEXA B HEXAGON AB
EPI A EPIROC AB
NIBE B NIBE INDUSTRIER AB
ATCO A ATLAS COPCO AB
ALIV SDB AUTOLIV INC.
- Steffen Evjen
Weekly news, topics & discussion
This week, BlueNord completed the placement of a new 5-year USD300m unsecured bond issue, with the net proceeds set to refinance its existing BNOR14 USD175m bond and for general corporate purposes. Also, BlueNord's preliminary production figures for May last week showed net production of 24.8kboed, at the upper end of its Q2 guidance. In other news, NOD announced the Toppand East well to be dry.
- Mattias Holmberg
SKF (Hold, TP: SEK235.00) - Slightly below consensus for Q2e
We are 5% below consensus on Q2e adj. EBIT and expect the 2024 guidance to be reiterated for a low-single-digit YOY organic sales decline and the Q3 guidance to be issued for a low-single-digit YOY organic sales decline. We have made minor estimate revisions and are 5–7% below consensus on 2024–2026e adj. EBIT. We reiterate our HOLD but have lowered our target price to SEK235 (250).
Cargotec has applied for Kalmar to be listed on Nasdaq Helsinki
Cargotec has applied for Kalmar to be listed on Nasdaq Helsinki CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 12 JUNE 2024 AT 12:00 P.M. (EEST) Cargotec has applied for Kalmar to be listed on Nasdaq Helsinki Cargotec Corporation (“Cargotec”) announced on 1 February 2024 the approval of a demerger plan concerning the partial demerger of Cargotec (the “Demerger Plan”) according to which all assets, debts and liabilities of Cargotec relating to the Kalmar business area or mainly serving the Kalmar business area shall be transferred without a liquidation procedure to a new Kalmar Corporat...
- Steffen Evjen
- Simen Aas
Axfood (Buy, TP: SEK330.00) - Acquires City Gross
Axfood has announced it is to acquire City Gross, entering the hypermarket segment. Although City Gross will be a drag on near-term earnings, Axfood expects it to contribute positively to EPS by 2026 at the latest. Given an attractive EV/sales of 0.22x LTM to April, versus Axfood’s 2024e of 0.8x, we believe the acquisition makes strategic sense as it will diversify the company more across the Swedish grocery market.
- ABGSC Retail Research
- Benjamin Wahlstedt
- Fredrik Ivarsson
Aktietilbagekøb i Spar Nord Bank – transaktioner i uge 23
Aktietilbagekøb i Spar Nord Bank – transaktioner i uge 23 Selskabsmeddelelse nr. 38 Spar Nord offentliggjorde i selskabsmeddelelse nr. 10 2024 et aktietilbagekøbsprogram på op til 500 mio. kr. Aktietilbagekøbet blev indledt 12. februar 2024. Aktietilbagekøbet sker med henblik på at nedsætte bankens aktiekapital med de under programmet købte aktier, og foretages i henhold til EU-Kommissionens forordning nr. 596/2014 af 16. april 2014 (”Markedsmisbrugsforordningen”). Under aktietilbagekøbsprogrammet er der i foregående uge gennemført følgende transaktioner: Antal AktierGe...
Share buybacks in Spar Nord Bank – transactions in week 23
Share buybacks in Spar Nord Bank – transactions in week 23 Company announcement no. 38 In company announcement no. 10 2024, Spar Nord announced a share buyback programme of up to DKK 500 million. The share buyback was initiated on 12 February 2024. The purpose of the share buyback is to reduce the bank’s share capital by the shares acquired under the programme, and the programme is executed pursuant to Regulation (EU) No 596/2014 of 16 April 2014 (“Market Abuse Regulation”). In last week the following transactions were made under the share buyback programme. Number of sharesAverag...
- Steffen Evjen
Weekly news, topics & discussion
This week, BW Energy and Panoro Energy confirmed the oil discovery announced on 20 May in the northern flank of the Hibiscus field is 8–12mmboe (gross) and set to increase Dussafu reserves by ~15%. Also, Equinor divested a 19.5% interest in two licences in the Gina Krog area to PGNiG Norway, of which one includes the Eirin field. Following the divestment, Equinor holds a 58.7% interest in the field. In other news, Equinor announced a new offtake agreement for Empire Wind 1 at a USD155/MWh strike...
- ABGSC Healthcare Research
- Morten Larsen
- Rune Majlund Dahl
Coloplast (Buy, TP: DKK1000.00) - Big picture unchanged
At its ‘Meet the Management’ event, Coloplast confirmed its Strive25 targets, and provided a deep dive into Kerecis and an innovation update focusing on product launches. Despite recent volatility related to Kerecis, we remain positive on the acquisition and forecast solid growth and earnings contributions (our base case assumes inclusion in the LCD policy). Beyond Strive25, we forecast the EBIT margin to return to 30%+. We reiterate our BUY, but have cut our target price to DKK1,000 (1,050).
- Simen Aas
Axfood (Buy, TP: SEK330.00) - No drama in Q2e
Ahead of the Q2 report (due at 07:00 CET on 12 July), we expect continued revenue growth for Willy’s despite tough comparables and adj. EBIT in line with consensus. With grocery inflation more or less stable, investor focus is likely to be on the progress of the Bålsta ramp-up, and the synergies set to take effect in H2 2024 and 2025. We reiterate our BUY and SEK330 target price.
- ABGSC Financials Research
- Fredrik Flørnes Støle
- Jan Erik Gjerland
- Magnus Andersson
- Patrik Brattelius
- Steffen Evjen
Aktietilbagekøb i Spar Nord Bank – transaktioner i uge 22
Aktietilbagekøb i Spar Nord Bank – transaktioner i uge 22 Selskabsmeddelelse nr. 37 Spar Nord offentliggjorde i selskabsmeddelelse nr. 10 2024 et aktietilbagekøbsprogram på op til 500 mio. kr. Aktietilbagekøbet blev indledt 12.februar 2024. Aktietilbagekøbet sker med henblik på at nedsætte bankens aktiekapital med de under programmet købte aktier, og foretages i henhold til EU-Kommissionens forordning nr. 596/2014 af 16. april 2014 (”Markedsmisbrugsforordningen”). Under aktietilbagekøbsprogrammet er der i foregående uge gennemført følgende transaktioner: Antal AktierGen...
Share buybacks in Spar Nord Bank – transactions in week 22
Share buybacks in Spar Nord Bank – transactions in week 22 Company announcement no. 37 In company announcement no. 10 2024, Spar Nord announced a share buyback programme of up to DKK 500 million. The share buyback was initiated on 12 February 2024. The purpose of the share buyback is to reduce the bank’s share capital by the shares acquired under the programme, and the programme is executed pursuant to Regulation (EU) No 596/2014 of 16 April 2014 (“Market Abuse Regulation”). In last week the following transactions were made under the share buyback programme. Number of sharesAverage purc...
Moody's Ratings affirms Spar Nord's long-term A1 deposit ratings, outl...
Moody's Ratings (Moody's) has today affirmed Spar Nord Bank A/S's (Spar Nord) A1/P-1 long-term and short-term deposit ratings, the A1 long-term senior unsecured debt ratings and its A3 junior senior unsecured debt ratings. Also, the baa1 Baseline Credit Assessment (BCA) and Adjusted BCA, the A1/P-1 ...
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