reports
- Guy Sips
- Kristof Samoy
- Lynn Hautekeete
- Michiel Declercq
- Thibault Leneeuw
- Thomas Couvreur
- Kristof Samoy
NX Filtration HF UF contract win in Saudi Arabia
This morning NXFIL announced a contract win for 800 modules of HF UF modules to Kindasa Water Services (KWS), a private potable water supplier in Saudi Arabia. The order relates to UF membranes and not the high(er) margin dNF membrane modules. We estimate linked revenue recognition in 2024 to be around €1.2m.
- Kristof Samoy
NX Filtration 1H24 results & analyst call key take-aways
Mid July NXFIL already informed the markets on its 1H24 revenues when it communicated the appointment of a new CEO. 1H24 revenues landed at €5.9m growing 56% with gross margins maintained at a high 59%. FTE's were flat vs. year end 2023. EBITDA stood at €-6.4m (vs. €-5.3m in 1H23). Guidance remained unchanged calling for revenues >€16m.
- Martijn Den Drijver
ODDO BHF Small & MIDCAP MORNING NEWS - 08/28/2024
We initiate the coverage of Ypsomed with a target price of CHF 495 and an Outperform rating. As a leading developer and manufacturer of a broad portfolio of injection systems for the self-medication of liquid drugs, Ypsomed will benefit from major trends in the healthcare industry. The company is currently in a transformation process to exit non-core activities and to focus on the fast-growing and highly profitable Delivery Systems business. This is expected to lead on our estimates t...
- Martijn Den Drijver
ODDO BHF Small & MIDCAP MORNING NEWS - 28/08/2024
We initiate the coverage of Ypsomed with a target price of CHF 495 and an Outperform rating. As a leading developer and manufacturer of a broad portfolio of injection systems for the self-medication of liquid drugs, Ypsomed will benefit from major trends in the healthcare industry. The company is currently in a transformation process to exit non-core activities and to focus on the fast-growing and highly profitable Delivery Systems business. This is expected to lead on our estimates t...
- Guy Sips
- Kristof Samoy
- Thomas Couvreur
- Usama Tariq
- Wim Gille
NX Filtration : No surprises as NX Filtration reports H1 results
>H1 results in line with previous indication - As indicated before in July 2024, NX Filtration reported its official half-year 2024 revenues which came at €5.9m, an increase of 57% year on year (yoy) and around 21% below our estimate of €7.1m, largely driven by conversion of pilots into full scale projects, repeat orders and new clients. On a segment level, Clean Municipal Water grew sales 90% yoy to €2.71m (we had at €3.7m) whereas Sustainable Industrial Water sales ...
- Jean Danjou
- Oliver Metzger
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
RNO RENAULT SA
DAI DAIMLER AG
EKI EKINOPS SA
KOF KAUFMAN & BROAD SA
ENI ENI S.P.A.
VOW3 VOLKSWAGEN AG PREF
REP REPSOL SA
FIE FIELMANN AG
DOKA DORMAKABA HOLDING AG
AALB AALBERTS N.V.
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
LOG COMPANIA DE DISTRIBUCION INTEGRAL LOGISTA HOLDINGS S.A.
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
LRE LAR ESPANA REAL ESTATE SOCIMI SA
LFDE LA FRANCAISE DE L'ENERGIE SA
RACE FERRARI NV
BP. BP P.L.C.
ALKAL KALRAY SA
THEP THERMADOR HOLDING SA
AML ASTON MARTIN LAGONDA GLOBAL HOLDINGS
STLA STELLANTIS N.V.
NXFIL NX FILTRATION HLDG BV
SHEL SHELL PLC
P911 DR. ING. H.C. F. PORSCHE AKTIENGESELLSCHAFT
- Jean Danjou
- Oliver Metzger
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
RNO RENAULT SA
DAI DAIMLER AG
EKI EKINOPS SA
KOF KAUFMAN & BROAD SA
ENI ENI S.P.A.
VOW3 VOLKSWAGEN AG PREF
REP REPSOL SA
FIE FIELMANN AG
DOKA DORMAKABA HOLDING AG
AALB AALBERTS N.V.
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
LOG COMPANIA DE DISTRIBUCION INTEGRAL LOGISTA HOLDINGS S.A.
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
LRE LAR ESPANA REAL ESTATE SOCIMI SA
LFDE LA FRANCAISE DE L'ENERGIE SA
RACE FERRARI NV
BP. BP P.L.C.
ALKAL KALRAY SA
THEP THERMADOR HOLDING SA
AML ASTON MARTIN LAGONDA GLOBAL HOLDINGS
STLA STELLANTIS N.V.
NXFIL NX FILTRATION HLDG BV
SHEL SHELL PLC
P911 DR. ING. H.C. F. PORSCHE AKTIENGESELLSCHAFT
- Usama Tariq
- Wim Gille
NX Filtration : A new CEO and full year (2024) sales outlook reaffirme...
>NX Filtration announces Floris Jan Cuypers new CEO per 1 September 2024 - The company came out with an announcement today that as of 1st September 2024, Floris Jan Cuypers will begin as the new Chief Executive Officer (CEO). According to the release, he has a strong track-record of leadership positions, focusing on commercial impact and operational excellence. Floris is expected to success Jeroen Pynenburg, who will be stepping down as CEO per 31 July 2024. Besides ...
- Hilde Van Boxstael
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Wim Hoste
NX Filtration FIRST LOOK: CEO change & 1H update incl. FY outlook reco...
NX Filtration announced Floris Jan Cuypers will become its new CEO. 1H24 revenue increased by 57% to € 5.9m and the company reconfirmed its FY24 revenue outlook in excess of € 16m, which implies a sizeable sequential step-up in revenue in 2H24. Taking into account the recent changes to the Management Board, the CMD which should offer clarity on the mid and long term ambitions is rescheduled to a later date. We maintain our Reduce rating and € 3.3 TP for now.
- Guy Sips
- Hilde Van Boxstael
- Kristof Samoy
- Wim Lewi
- Charlotte Vaisse
- Philippe Ourpatian
ODDO : PFAS and furious!
PFAS refers to a large group of forever chemicals. Pressure from regulators, investors, consumers and ESG rating agencies is contributing to the materialisation of the reputational risk incurred by companies, first and foremost producers (the chemical companies Arkema, BASF, Solvay) and, to a lesser extent, some past users of regulated PFAS (SGO and SEB for PFOA). In contrast, we have identified eight stocks in our coverage for which PFAS decontamination constitutes an opportunit...
- Charlotte Vaisse
- Philippe Ourpatian
ODDO : PFAS and furious !
Les PFAS, désignent une famille nombreuse de polluants éternels. La pression des régulateurs, investisseurs, consommateurs et des agences de notations ESG participe à la matérialisation du risque réputationnel encouru par les sociétés, au premier rang desquels figurent les producteurs (les chimistes Arkema, BASF, Solvay) et dans une moindre mesure, certains utilisateurs passés de PFAS réglementés (SGO et SEB pour le PFOA). A l'inverse, nous identifions huit valeurs de notre unive...
- Guy Sips
- Hilde Van Boxstael
- Kristof Samoy
- Michiel Declercq
- Wim Lewi
- Guy Sips
- Hilde Van Boxstael
- Jacob Mekhael
- Kristof Samoy
- Sharad Kumar S.P
- Wim Lewi
- Guy Sips
- Jacob Mekhael
- Kristof Samoy
- Michiel Declercq
- Thomas Couvreur
- Wim Hoste
- Kristof Samoy
NX Filtration Concluded refinancing buys extra time – model update
Early January NX Filtration issued a second profit warning in 6 months time and communicated a 1.5 year delay in the roll-out of its business plan. This prompted a refinancing for the loss making filtration pioneer. Late March the company announced it secured debt financing of at least €20m and completed a €25.5m capital increase via ABB. Last week, the CFO announced to step down to pursue his career outside the company.
- Hilde Van Boxstael
- Jacob Mekhael
- Kristof Samoy
- Michiel Declercq
- Thomas Couvreur
- Thomas Vranken
- Wim Lewi
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