reports
- Jean Danjou
- Jean Danjou
- Oliver Metzger
- Stephan Wulf
Qiagen : CMD left a positive impression – mid-term outlook fits well w...
>2024-2028 guidance above market expectations - At its CMD, Qiagen's new mid-term guidance was clearly in the focus. For the first time, the company provided a top-line guidance (2024-2028 CAGR of 7%) that reflects above-market growth rates for all five strategic pillars and came in above consensus estimates of 6.6% for this period. At the same time, the company forecasts an adjusted operating profit margin of at least 31% CER in 2028 compared to market expectations o...
- Arnaud Autier
- Pierre Tegner
- Arnaud Autier
- Pierre Tegner
- Oliver Metzger
- Stephan Wulf
Qiagen : Qiagen to discontinue NeuMoDx – adj. EPS FY24 guidance up by ...
>Headwinds for PCR testing systems - Qiagen yesterday evening announced it is discontinuing the NeuMoDx integrated PCR testing system, given market development trends for these product lines following the Covid-19 pandemic and changing customer needs for integrated PCR-based clinical molecular testing systems.NeuMoDx sales slumped by 60% since 2021 - During our GIS conference in January 2024, management already stated it would address the problems for...
- Jamila El Bougrini
- Thibaut Voglimacci-Stephanopoli
- Michael B. Schäfer
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/30/2024
BHP's bid for Anglo American has confirmed interest from miners in copper in the context of increasingly challenged production and difficulties in fully completing projects. Anglo’s (Neutral) prospects in copper are now better valued and this is also the case for BHP (Neutral vs Underperform) although not so for Rio Tinto (Outperform vs Neutral). Downstream, Nexans and Montana Aerospace are our Top Picks (Outperform) vs Aurubis, Rexel and Prysmian (Neutral). - ...
TKA THYSSENKRUPP AG
DG VINCI SA
JMT JERONIMO MARTINS SGPS S.A.
GALP GALP ENERGIA SGPS SA CLASS B
ADS ADIDAS AG
MTX MTU AERO ENGINES AG
HO THALES SA
FORTUM FORTUM OYJ
WTB WHITBREAD PLC
DAI DAIMLER AG
QIA QIAGEN NV
RXL REXEL SA
VNA VONOVIA SE
CAP CAPGEMINI SE
NEM NEMETSCHEK SE
ABI ANHEUSER-BUSCH INBEV SA/NV
BBVA BANCO BILBAO VIZCAYA ARGENTARIA S.A.
STMN STRAUMANN HOLDING AG
- Michael B. Schäfer
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/04/2024
L’offre de BHP sur Anglo American a confirmé l’intérêt des minières pour le cuivre dans un contexte de tensions croissantes sur la production et de difficultés à faire aboutir les projets. Les perspectives d’Anglo (Neutre) dans le cuivre sont désormais mieux valorisées, c’est aussi le cas de BHP (Neutre vs Sous-performance) mais pas encore assez, selon nous, sur Rio Tinto (Surperformance vs Neutre). En aval, Nexans et Montana Aerospace sont nos valeurs préférées (Surperformance) vs Au...
TKA THYSSENKRUPP AG
DG VINCI SA
JMT JERONIMO MARTINS SGPS S.A.
GALP GALP ENERGIA SGPS SA CLASS B
ADS ADIDAS AG
MTX MTU AERO ENGINES AG
HO THALES SA
FORTUM FORTUM OYJ
WTB WHITBREAD PLC
DAI DAIMLER AG
QIA QIAGEN NV
RXL REXEL SA
VNA VONOVIA SE
CAP CAPGEMINI SE
NEM NEMETSCHEK SE
ABI ANHEUSER-BUSCH INBEV SA/NV
BBVA BANCO BILBAO VIZCAYA ARGENTARIA S.A.
STMN STRAUMANN HOLDING AG
- Oliver Metzger
- Stephan Wulf
Qiagen : Very solid Q1 results. FY 2024 guidance confirmed. Return to ...
>Solid Q1 figures above expectations and guidance - Qiagen reported a set of solid Q1 results. Sales came in at $459m, above our ($ 456m) and the consensus estimates ($ 458m). Y-o-y, sales declined as expected by 5%, reflecting challenging macro demand trends and predominantly burdened by declining instrument sales (-10% to $50m). Looking at CER sales of $ 462m, Q1 2024 came in some 1.5% as guided by the company ($ 455m).Adjusted operating income of $ 118m was sl...
- Jamila El Bougrini
- Thibaut Voglimacci-Stephanopoli
- Martin Marandon-Carlhian
- Stephane Houri
- Martin Marandon-Carlhian
- Stephane Houri
FP TOTAL SE
EQNR EQUINOR ASA
DBK DEUTSCHE BANK AG
FORTUM FORTUM OYJ
QIA QIAGEN NV
SCR SCOR SE
WHA WERELDHAVE N.V.
VOE VOESTALPINE AG
VASTN VASTNED RETAIL NV
BC8 BECHTLE AG
ASSA B ASSA ABLOY AB CLASS B
BP. BP P.L.C.
EVD CTS EVENTIM AG & CO. KGAA
AKZA AKZO NOBEL N.V.
ENR SIEMENS ENERGY AG
ECMPA EUROCOMMERCIAL PROPERTIES NV
SHUR SHURGARD SELF STORAGE LIMITED
- Oliver Metzger
- Stephan Wulf
Qiagen : 2023 results above estimates – 2024 guidance looks cautious
>Strong Q4 drives 2023 results above expectations - Thanks to a strong Q4 with sales CER up by 1% to $ 503m, despite a -43% sales decrease in Covid-19 product groups, Qiagen met its FY 2023 sales guidance of € 1.97bn - in contrast to our and the consensus expectations. The group also over-delivered on its CER adj. EPS target of $ 2.07 and achieved $ 2.09, vs our estimates of $ 2.06 and consensus of $ 2.05. The high 2023 revenue growth in non-Covid product groups (CER ...
- Jamila El Bougrini
- Thibaut Voglimacci-Stephanopoli
- Jamila El Bougrini
- Thibaut Voglimacci-Stephanopoli
- Jamila El Bougrini
- Thibaut Voglimacci-Stephanopoli
QIA QIAGEN NV
A1XEH4 CROSSJECT SA
TNG TRANSGENE SA
A1XAEB QUANTUM GENOMICS
VLS VALNEVA SE
ALCAR CARMAT SA
GRF GRIFOLS S.A. CLASS A
ALINS INTRASENSE SA
ORY ORYZON GENOMICS
DIA DIASORIN S.P.A.
ADOC ADOCIA SA
ALVAL VALBIOTIS SA
BIM BIOMERIEUX SA
AFFLUENT MEDICAL SAS
ALMDP MEDESIS PHARMA SA
ALNFL NFL BIOSCIENCES SAS
ALTME TME PHARMA N.V.
ALVIN VINPAI
- Jamila El Bougrini
- Thibaut Voglimacci-Stephanopoli
QIA QIAGEN NV
A1XEH4 CROSSJECT SA
TNG TRANSGENE SA
A1XAEB QUANTUM GENOMICS
VLS VALNEVA SE
ALCAR CARMAT SA
GRF GRIFOLS S.A. CLASS A
ALINS INTRASENSE SA
ORY ORYZON GENOMICS
DIA DIASORIN S.P.A.
ADOC ADOCIA SA
ALVAL VALBIOTIS SA
BIM BIOMERIEUX SA
AFFLUENT MEDICAL SAS
ALMDP MEDESIS PHARMA SA
ALNFL NFL BIOSCIENCES SAS
ALTME TME PHARMA N.V.
ALVIN VINPAI
- Jamila El Bougrini
- Thibaut Voglimacci-Stephanopoli
- Charlotte Vaisse
- Jean-Baptiste Rouphael
- Oliver Metzger
GALP GALP ENERGIA SGPS SA CLASS B
HO THALES SA
RCO REMY COINTREAU SA
QIA QIAGEN NV
EN BOUYGUES SA
RAND RANDSTAD NV
ELE ENDESA S.A.
BAS BASF SE
SAN SANOFI
SIX2 SIXT SE
EDW EDP RENOVAVEIS SA
MAP MAPFRE SA
ABI ANHEUSER-BUSCH INBEV SA/NV
AD KONINKLIJKE AHOLD DELHAIZE N.V.
UN01 UNIPER SE
BP. BP P.L.C.
ARGX ARGEN-X SE
KBX KNORR-BREMSE AG
STLA STELLANTIS N.V.
UMG UNIVERSAL MUSIC GROUP NV
STMN STRAUMANN HOLDING AG
DSFIR KONINKLIJKE DSM N.V.
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