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Moody's Ratings withdraws SoLocal's ratings
Moody's Ratings (Moody's) has today withdrawn the C long-term corporate family rating (CFR) and the C-PD probability of default rating (PDR) of SoLocal Group S.A. (SoLocal), a French provider of local media advertising and digital solutions to the small and medium-sized enterprise (SME) sector. Conc...
Moody's downgrades SoLocal to C on announcement of debt restructuring ...
Moody's Ratings ("Moody's") has today downgraded to C from Caa3 the long term corporate family rating (CFR) and to C-PD/LD from Caa3-PD/LD the probability of default rating (PDR) of SoLocal Group S.A. (SoLocal), a French provider of local media advertising and digital solutions to the small and medi...
- Baptiste Salaville
- Florent Laroche-Joubert
- Jean-Baptiste Rouphael
- Jean-François Granjon
ROG ROCHE HOLDING LTD
ZIL2 ELRINGKLINGER AG
NOVN NOVARTIS AG
GYC GRAND CITY PROPERTIES SA
MRN MERSEN SA
SAN SANOFI
ERG ERG S.P.A.
DLG DE'LONGHI S.P.A.
AZN ASTRAZENECA PLC
DUFN DUFRY AG
RUI RUBIS SCA
TFF TFF GROUP
SRAIL STADLER RAIL AG
VK VALLOUREC SA
LOCAL SOLOCAL GROUP
NA9 NAGARRO
GSK GSK PLC
NOVO B NOVO NORDISK A/S
- Baptiste Salaville
- Florent Laroche-Joubert
- Jean-Baptiste Rouphael
- Jean-François Granjon
ROG ROCHE HOLDING LTD
ZIL2 ELRINGKLINGER AG
NOVN NOVARTIS AG
GYC GRAND CITY PROPERTIES SA
MRN MERSEN SA
SAN SANOFI
ERG ERG S.P.A.
DLG DE'LONGHI S.P.A.
AZN ASTRAZENECA PLC
DUFN DUFRY AG
RUI RUBIS SCA
TFF TFF GROUP
SRAIL STADLER RAIL AG
VK VALLOUREC SA
LOCAL SOLOCAL GROUP
NA9 NAGARRO
GSK GSK PLC
NOVO B NOVO NORDISK A/S
- Jerôme Bodin
Solocal Group : Offer for the company from Ycor, which could take cont...
>Two offers for Solocal with strong shareholder dilution - Solocal announced this morning that Ycor, a fund founded by Maurice Levy, had made an offer for the company comprising: 1/ an injection of equity (of up to € 40m) via capital increases with or without preferential subscription rights for shareholders; 2/ the potential contribution in kind of Regicom to the company (currently owned by Ycor); 3/ the partial redemption, at the effective restructuring date, of pa...
- Jerôme Bodin
Solocal Group : Offre d’Ycor sur la société qui pourrait en prendre le...
>Deux offres sur Solocal avec une forte dilution des actionnaires - Solocal a annoncé ce matin que le fonds Ycor (fondé par Maurice Levy) avait fait une offre sur la société consistant en : 1/ un apport de fonds propres (pouvant aller jusqu’à 40 M€) via des augmentations de capital avec ou sans maintien du droit préférentiel de souscription des actionnaires ; 2/ le potentiel apport en nature de la société Regicom (détenu actuellement par Ycor) ; 3/ le remboursement p...
- Sinan Doganli
CEC CECONOMY AG
ZIL2 ELRINGKLINGER AG
NXI NEXITY SA CLASS A
CEN GROUPE CRIT SA
SDG SYNERGIE SA
EXE EXEL INDUSTRIES SA
INF INFOTEL SA
SWP SWORD GROUP SE
MRN MERSEN SA
LSS LECTRA SA
PGS PGS ASA
A1XA4J CARBIOS SA
BB SOCIETE BIC SA
XIOR XIOR STUDENT HOUSING N.V.
ERA ERAMET SA
FAE FAES FARMA S.A.
VRNL VERNEUIL PARTICIPATIONS
VASTN VASTNED RETAIL NV
CTAC CTAC N.V.
AIXA AIXTRON SE
ARCAD ARCADIS NV
SHOT SCANDIC HOTELS GROUP
WAF SILTRONIC AG
NVG NAVIGATOR COMPANY SA
SMHN SUESS MICROTEC AG
CSM CORBION NV
VLTSA VOLTALIA
LFDE LA FRANCAISE DE L'ENERGIE SA
SOW SOFTWARE AG
SMCP SMCP SA
BFSA BEFESA SA
VOS VOSSLOH AG
ATRY ATRYS HEALTH
DSC1 DUTCH STAR C SHAR
LOCAL SOLOCAL GROUP
FUR FUGRO NV
OVH OVH GROUPE
SPM SAIPEM S.P.A.
FLOW FLOW TRADERS LTD
- Sinan Doganli
CEC CECONOMY AG
ZIL2 ELRINGKLINGER AG
NXI NEXITY SA CLASS A
CEN GROUPE CRIT SA
SDG SYNERGIE SA
EXE EXEL INDUSTRIES SA
INF INFOTEL SA
SWP SWORD GROUP SE
MRN MERSEN SA
LSS LECTRA SA
PGS PGS ASA
A1XA4J CARBIOS SA
BB SOCIETE BIC SA
XIOR XIOR STUDENT HOUSING N.V.
ERA ERAMET SA
FAE FAES FARMA S.A.
VRNL VERNEUIL PARTICIPATIONS
VASTN VASTNED RETAIL NV
CTAC CTAC N.V.
AIXA AIXTRON SE
ARCAD ARCADIS NV
SHOT SCANDIC HOTELS GROUP
WAF SILTRONIC AG
NVG NAVIGATOR COMPANY SA
SMHN SUESS MICROTEC AG
CSM CORBION NV
VLTSA VOLTALIA
LFDE LA FRANCAISE DE L'ENERGIE SA
SOW SOFTWARE AG
SMCP SMCP SA
BFSA BEFESA SA
VOS VOSSLOH AG
ATRY ATRYS HEALTH
DSC1 DUTCH STAR C SHAR
LOCAL SOLOCAL GROUP
FUR FUGRO NV
OVH OVH GROUPE
SPM SAIPEM S.P.A.
FLOW FLOW TRADERS LTD
- Jerôme Bodin
Solocal Group : A tough Q3 2023, outlook still negative
>All indicators pointing south in Q3 - Solocal released its Q3 figures yesterday, with revenues down 12.7% while we were looking for -10%. As in previous quarters, the decline was particularly steep for the Booster product range (-15.2%), affected by a downturn in the priority ranking business which accounts for the lion’s share of the division’s revenue. On the other hand, the Connect range (digital presence) proved a little more resilient but fell by -4.3% in Q3. Th...
- Jerôme Bodin
Solocal Group : Un T3 2023 difficile, perspectives toujours négatives
>Tous les indicateurs orientés à la baisse au T3 - Solocal a publié hier un CA T3 en baisse de 12,7% alors que nous tablions sur -10%. Comme pour les autres trimestres, la baisse est particulièrement marquée pour la gamme de produit Booster (-15,2%) impactée par la baisse de l’activité de référencement représentant l’essentiel du CA de la branche. A l’inverse l’offre Connect (présence numérique) résiste un peu mieux mais est dorénavant en baisse au T3 à -4,3%. Le par...
- Fehmi Ben Naamane
IPS IPSOS
CO CASINO GUICHARD-PERRACHON SA
SOP SOPRA STERIA GROUP SA
APAML APERAM SA
VCT VICAT-CIMENTS VICAT SA
ZIL2 ELRINGKLINGER AG
NXI NEXITY SA CLASS A
CEN GROUPE CRIT SA
SDG SYNERGIE SA
INF INFOTEL SA
MERY MERCIALYS SA
SRP SRP GROUPE SA
GOE GROUPE GORGE SA
ELG ELMOS SEMICONDUCTOR SE
ACX ACERINOX SA
EBRO EBRO FOODS SA
BB SOCIETE BIC SA
ERA ERAMET SA
ELIS ELIS SA
SAVE SAVENCIA SA
VASTN VASTNED RETAIL NV
SOC SUBSEA 7 S.A.
AIXA AIXTRON SE
ARCAD ARCADIS NV
ALVIV VISIATIV SA
AALB AALBERTS N.V.
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
WAF SILTRONIC AG
ROVI LABORATORIOS FARMACEUTICOS ROVI S.A.
VLTSA VOLTALIA
SPIE SPIE SA
NHH NH HOTEL GROUP SA
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
HOME NEINOR HOMES SA
MDM MAISONS DU MONDE SA
BFSA BEFESA SA
WAVE WAVESTONE SA
AML ASTON MARTIN LAGONDA GLOBAL HOLDINGS
LOCAL SOLOCAL GROUP
TE TECHNIP ENERGIES NV
FUR FUGRO NV
FORSE FORSEE POWER SA
ALVGO VOGO SA
SPM SAIPEM S.P.A.
TUI TUI AG
- Fehmi Ben Naamane
IPS IPSOS
CO CASINO GUICHARD-PERRACHON SA
SOP SOPRA STERIA GROUP SA
APAML APERAM SA
VCT VICAT-CIMENTS VICAT SA
ZIL2 ELRINGKLINGER AG
NXI NEXITY SA CLASS A
CEN GROUPE CRIT SA
SDG SYNERGIE SA
INF INFOTEL SA
MERY MERCIALYS SA
SRP SRP GROUPE SA
GOE GROUPE GORGE SA
ELG ELMOS SEMICONDUCTOR SE
ACX ACERINOX SA
EBRO EBRO FOODS SA
BB SOCIETE BIC SA
ERA ERAMET SA
ELIS ELIS SA
SAVE SAVENCIA SA
VASTN VASTNED RETAIL NV
SOC SUBSEA 7 S.A.
AIXA AIXTRON SE
ARCAD ARCADIS NV
ALVIV VISIATIV SA
AALB AALBERTS N.V.
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
WAF SILTRONIC AG
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
ROVI LABORATORIOS FARMACEUTICOS ROVI S.A.
VLTSA VOLTALIA
SPIE SPIE SA
NHH NH HOTEL GROUP SA
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
HOME NEINOR HOMES SA
MDM MAISONS DU MONDE SA
BFSA BEFESA SA
WAVE WAVESTONE SA
AML ASTON MARTIN LAGONDA GLOBAL HOLDINGS
LOCAL SOLOCAL GROUP
TE TECHNIP ENERGIES NV
FUR FUGRO NV
FORSE FORSEE POWER SA
ALVGO VOGO SA
SPM SAIPEM S.P.A.
TUI TUI AG
- Jerôme Bodin
Solocal Group : Profitability down sharply in 2023
>Neutral rating reiterated - Solocal yesterday reported H1 results below our expectations. H1 2023 revenue came in at € 186m, whereas we were expecting € 185.3m. In addition, H1 EBITDA was € 34m below our expectation of € 38m. The group is not holding a conference call, but we expect to have an update from the company within the next few days. We are revising our expectations following this release, as we had not adjusted them following the company’s downward revision...
- Jerôme Bodin
Solocal Group : Une rentabilité en nette baisse en 2023
>Opinion Neutre réitérée - Solocal a publié hier des résultats S1 inférieurs à nos attentes. Le CA du S1 2023 ressort à 186 M€ alors que nous tablions sur 185,3 M€. Par ailleurs, l’EBITDA au S1 est 34 M€ inférieur à notre attente à 38 M€. Le groupe ne tient pas de conférence téléphonique mais nous devrions faire un point avec la société ces prochains jours. Nous révisons nos attentes suite à cette publication, nous n’avions pas ajusté celles-ci suite à la révision en ...
Moody's appends limited default (LD) designation to Solocal's Caa3-PD ...
Moody's Investors Service (Moody's) has today appended the limited default (/LD) designation to SoLocal Group S.A.'s (Solocal or the company) Caa3-PD probability of default rating (PDR), changing it to Caa3-PD/LD from Caa3-PD, to reflect a limited default after the company missed the payment of the ...
- Carole Braudeau
Credit Morning 07/13/2023
Orpea: Profit warning on EBITDAR but the "liquidity trajectory" is maintainedSolocal: Bondholders agree to defer payment of coupons, opening of mandat ad hoc proceedingsBASF: new profit warning in the chemical sectorCasino has slashed its 2023 full-year earnings forecastsCarrefour to acquire Cora and Match for € 1.05bn EV>...
- Carole Braudeau
Morning Crédit 13/07/2023
Casino révise significativement son objectif d’Ebitda annuelCarrefour va acquérir Cora et Match pour une VE de 1,05 md EUROrpea : Profit warning sur l’EBITDAR mais la « trajectoire de liquidité » est maintenueSolocal : Accord des créanciers obligataires pour différer le paiement des coupons, ouverture d’un mandat ad hocBASF : nouveau profit warning dans la chimie>...
Moody's downgrades SoLocal to Caa3; outlook negative
Moody's Investors Service ("Moody's") has today downgraded to Caa3 from Caa1 the corporate family rating (CFR) and to Caa3-PD from Caa1-PD the probability of default rating (PDR) of SoLocal Group S.A. (SoLocal), a French provider of local media advertising and digital solutions to the SME sector. Co...
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