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Geoffroy Michalet ... (+2)
  • Geoffroy Michalet
  • Julian Dobrovolschi
Geoffroy Michalet ... (+2)
  • Geoffroy Michalet
  • Julian Dobrovolschi

Tikehau Capital : Risk reward unattractive into the 19 Feb strategic u...

We downgrade TKO to Neutral ahead of Thursday’s strategic update. We expect management to revise mid term targets, potentially implying mid to high single digit downside to current consensus forecasts. We set a new target price of € 17.5.

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Company comments AB InBev: Little to disappoint Adyen: 2H25 results – mixed results, soft guidance CVC Capital Partners: Executing well dsm-firmenich: Messy results Fagron: Beat on all lines, confident FY26 outlook to drive c.5% consensus EBITDA upgrade Flow Traders: EMEA saves the day KBC: Good results, opening up “jaws” further to 2028 Kinepolis: Canadian peer Cineplex 4Q25 results below consensus, January 2026 box office revenue up MICC: FX headwind leads to a 50bp margin miss in FY25 Montea:...

ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Magnus Andersson
  • Patrik Brattelius
ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Ahold Delhaize: 4Q25 consensus release. Basic-Fit: Trading update FY25 and outlook FY26; both beat ING estimates. CVC Capital Partners plc: It's a Marathon

ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Magnus Andersson
  • Patrik Brattelius
ABGSC Financials Research ... (+4)
  • ABGSC Financials Research
  • Derek Laliberté
  • Magnus Andersson
  • Patrik Brattelius
Julian Dobrovolschi
  • Julian Dobrovolschi
ABGSC Financials Research ... (+4)
  • ABGSC Financials Research
  • Derek Laliberté
  • Magnus Andersson
  • Patrik Brattelius
ABGSC Financials Research ... (+4)
  • ABGSC Financials Research
  • Gustaf Jörgensen
  • Magnus Andersson
  • Patrik Brattelius
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