Morning Crédit 23/12/2024

Ventes Retail France : un mois de novembre globalement positif mais avec des disparités|Biogroup : feedback conf call des résultats 9M 2024, les biologistes obtiennent quelques concessions de l’Assurance Maladie|

Credit Morning 12/23/2024

French retail sales: a decent month overall, but still with disparities|Biogroup: feedback 9M 2024 earnings call, biologists win some concessions from the Assurance Maladie|

Benelux Morning Notes

AEGON: Meeting with management: solid rationale for WFG. Belgian telecoms: Base to provide more data for the same price from Mid-January

European Telecoms: The Year Ahead 2025 Ongoing regulatory support all...

2024 saw the best outperformance for the telecoms sector since 2013 (and the third best since 2000) and ironically this came in a year with one of the lowest announced M&A volumes. We believe this is a testament to improved perception of the underlying fundamentals.

Vodafone Group Plc: Update following ratings affirmation

Our credit view of Vodafone reflects the company's commitment to its net leverage target, against its soft performance in the core German market.

Benelux Morning Notes

AEGON: US WFG model in the spotlight again. BAM: Sells 50% of Invesis and tax fraud investigation finalised. Belgian Telecoms: Mobile Vikings targeting heavy data users with upgraded mobile-only offers. Universal Music Group: Acquires music services group Downtown Music for c.€737m. Events Calendar

Digi (Underweight) Telenet (Underweight) Proximus (Neutral, TP: €9.2, ...

After the launch in Portugal (HERE, HERE) Digi has now launched in Belgium. We look at the tariffs in this report, and assess whether or not Digi is viable as a new entrant.

ODDO : Conclusions du T3 2024 en France

ODDO : Conclusions of Q3 2024 in France

Benelux Morning Notes

Belgian telcos: DIGI single mobile tariff, plans 2m FTTH connections; OBEL fights back. Euronext: Election fever. TKH Group: Wins a €200m subsea contract

Credit Morning 12/11/2024

Zalando launches takeover bid for About You|Moody’s downgrades Cheplapharm to B3/Stable|

Morning Crédit 11/12/2024

Zalando lance une offre de rachat sur About You|Moody’s downgrades Cheplapharm to B3/Stable|

Vodafone Group Plc - September 2024 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Benelux Morning Notes

Aalberts: Reiterates 2026 targets, but there is more. Belgian telecoms: Digi to finally launch in Belgium tomorrow. Melexis: Small but supportive buyback

Expert speaker takeaways: ARPU and capex plans

Altice International (Equal Weight) Digi (Equal Weight) NOS (Neutral, ...

Digi launched in Portugal, one month ago – read our take HERE, and our update one week after the event HERE. In this report we look at how tariffs have changed one month after the launch.

Credit Morning 12/05/2024

The dividend paid out by Decathlon should support other AFM companies|Ipsos will not submit an offer for the acquisition of Kantar Media|Amundi and Allianz are said to have discussed Allianz Global Investors on several occasions|

Morning Crédit 05/12/2024

Le dividende versé par Decathlon devrait financer d’autres sociétés de l’AFM|Ipsos ne remettra pas d’offre pour l’acquisition de Kantar Media|Amundi et Allianz auraient discuté à plusieurs reprises d’Allianz Global Investors|

Vodafone-Three UK merger approved Our Quick Take

In this Quick Take, we highlight the key points to support the deal and also what we still don't know about the deal that could impact FWA and mobile competition in the UK, and the impact on Vodafone's valuation.

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 28/11/2024