reports
- Jean-François Granjon
- Louis Boujard
- CFA
- Jean-François Granjon
- Louis Boujard
- CFA
- Jean-François Granjon
- Louis Boujard
- CFA
HDF Energy : Results still under pressure
>H1 2024 earnings release - HDF Energy's H1 2024 results reflect the group’s continued development. On H1 revenues of € 0.5m vs € 1.43m, the net loss came to -€ 5.1m vs -€ 3m for the comparative period. The lack of EBITDA and EBIT figures is regrettable. In light of the net loss, our EBITDA and EBIT estimates could prove slightly optimistic. The cash position came to € 48m, compared to € 62.6m at end-2023, or cash burn of close to € 15m for H1 compared to € 25m for ...
- Jean-François Granjon
- Louis Boujard
- CFA
HDF Energy : Des résultats toujours sous pression
>Publication des résultats semestriels - HDF Energy publie des résultats semestriels qui traduisent la poursuite du développement de la société. Sur la base d’un CA S1 de 0.5 M€ vs 1.43 M€, la perte nette ressort à -5.1 M€ vs -3 M€ pour le semestre de référence. Nous regrettons l’absence de publication de l’EBITDA et du ROC. A la lecture de la perte nette, nos estimations d’EBITDA et de ROC pourraient s’avérer un peu optimistes. La trésorerie ressort à 48 M€ à compar...
Hugo Boss AG: 1 director
A director at Hugo Boss AG bought 26,996 shares at 36.405EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...
- Oliver Metzger
- Sinan Doganli
ODDO : First feedback – DAY 1
We host the 15th edition of the Corporate Conference in cooperation with Commerzbank on September 3rd & 4th 2024 in Frankfurt am Main. This year we are welcoming 90 German small, mid and large cap companies. - >Adidas (+) – On trackAixtron (=) – No short-term inflection, but high confidence in long-term prospectsAllgeier (+) – Is confident it can achieve 15% EBITDA margin by the end of 2025 ams OSRAM (=) – Some cautiousness on auto/industrial, still co...
FME FRESENIUS MEDICAL CARE AG
CEC CECONOMY AG
AMS AMS AG
ADS ADIDAS AG
CBK COMMERZBANK AG
EVT EVOTEC SE
GBF BILFINGER SE
BOSS HUGO BOSS AG
SDF K+S AG
TPE PVA TEPLA AG
ZAL ZALANDO SE
BAS BASF SE
AIXA AIXTRON SE
BC8 BECHTLE AG
SAX STROEER SE & CO. KGAA
LEG LEG IMMOBILIEN AG
WAF SILTRONIC AG
BNR BRENNTAG SE
SMHN SUESS MICROTEC AG
HBH HORNBACH HOLDING AG & CO. KGAA
FNTN FREENET AG
AEIN ALLGEIER HOLDING AG
IOS IONOS GROUP SE
- Usama Tariq
- Usama Tariq
- Martijn Den Drijver
hGears : Not the Q2 we had expected, FCF holding up, 2024 guidance rei...
>Weak sales e-bike result in miss on sales and EBITDA - Due to continued destocking in E-bike and weak Automotive (included in E-mobility), hGears missed our sales estimate by 7%. Although the gross margin held up well and was higher than we had expected, the absolute lower gross profit (a miss of 5%) resulted in a break-even adj. EBITDA where we had expected a small improvement on Q1 (adj. EBITDA of €0.5m). As said, the major culprit was e-bike where sales in Q1 came...
EQS-News: hGears AG Konzern: Ergebnisse im ersten Halbjahr 2024 trotz ...
EQS-News: hGears AG / Schlagwort(e): Halbjahresbericht hGears AG Konzern: Ergebnisse im ersten Halbjahr 2024 trotz Konjunkturschwäche und anhaltendem Lagerabbau im Rahmen der Erwartungen 13.08.2024 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. hGears AG Konzern: Ergebnisse im ersten Halbjahr 2024 trotz Konjunkturschwäche und anhaltendem Lagerabbau im Rahmen der Erwartungen HIGHLIGHTS IM ERSTEN HALBJAHR 2024 Konzernumsatz mit EUR 50,5 Mio. um 11,7 % niedriger als im Vorjahr Entwicklung bei [e]-Mobility relativ konstant, St...
EQS-News: hGears AG Group: Results in the first half of 2024 in line w...
EQS-News: hGears AG / Key word(s): Half Year Report hGears AG Group: Results in the first half of 2024 in line with expectations despite economic weakness and ongoing destocking 13.08.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. hGears AG Group: Results in the first half of 2024 in line with expectations despite economic weakness and ongoing destocking FIRST-HALF 2024 HIGHLIGHTS Group revenues of EUR 50.5 million 11.7% lower than in the previous year Development in [e]-Mobility relatively constant, stabilization in e-Tool...
- Delphine Brault
- Quentin Borie
APAML APERAM SA
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
MF WENDEL SE
INF INFOTEL SA
KCO KLOECKNER & CO SE
NRG NRJ GROUP SA
ELG ELMOS SEMICONDUCTOR SE
BOSS HUGO BOSS AG
BB SOCIETE BIC SA
WIZZ WIZZ AIR HOLDINGS PLC
DEZ DEUTZ AG
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
DLG DE'LONGHI S.P.A.
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
WLN WORLDLINE SA
MEL MELIA HOTELS INTERNATIONAL S.A.
TRE TECNICAS REUNIDAS SA
ALD ALD SA
VOS VOSSLOH AG
ATRY ATRYS HEALTH
CAF CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A.
NEXI NEXI S.P.A.
TE TECHNIP ENERGIES NV
FUR FUGRO NV
- Delphine Brault
- Quentin Borie
APAML APERAM SA
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
MF WENDEL SE
INF INFOTEL SA
KCO KLOECKNER & CO SE
NRG NRJ GROUP SA
ATE ALTEN SA
ELG ELMOS SEMICONDUCTOR SE
BOSS HUGO BOSS AG
BB SOCIETE BIC SA
WIZZ WIZZ AIR HOLDINGS PLC
DEZ DEUTZ AG
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
DLG DE'LONGHI S.P.A.
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
WLN WORLDLINE SA
MEL MELIA HOTELS INTERNATIONAL S.A.
TRE TECNICAS REUNIDAS SA
ALD ALD SA
VOS VOSSLOH AG
ATRY ATRYS HEALTH
CAF CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A.
NEXI NEXI S.P.A.
TE TECHNIP ENERGIES NV
FUR FUGRO NV
- Andreas Riemann
Hugo Boss : Final Q2 in line, focus now on cost savings initiatives
>Revenue down 1% and EBIT margin down c. 500bp in Q2 - This morning, Hugo Boss released final Q2 2024 results after giving a material profit warning for Q2 and FY 2024 mid-July. In Q2, sales decreased 1% y-o-y excluding FX to € 1,015m mainly on a declining retail business in Europe and China. Regions: EMEA -2%, Americas +5% and Asia -4%. Channels: Retail -2%, Wholesale +5% and Digital -4%. EBIT was down over 40% to € 70m, with the margin down c. 500bp. The gross margi...
- Fehmi Ben Naamane
ODDO BHF Small & MIDCAP MORNING NEWS - 24/07/2024
The Platform Group (TPG) is a software company that is active across 20 industries through its digital platform solutions. Via its four segments (consumer goods, freight goods, industrial goods, service and retail goods), it serves both B2B and B2C customers. Given the growing revenues (2023-2026e CAGR +14.7%) and adjusted EBITDA margins (+270bp to 7.8% in 2026e vs 2023), as well as a solid financial profile (equity ratio >30%, average positive FCF of c.€ 8m for 2024e to 2026e) and un...
OSE OSE IMMUNOTHERAPEUTICS SA
VAC PIERRE & VACANCES SA
FLY SOCIETE FONCIERE LYONNAISE SA
POM PLASTIC OMNIUM SE
MMB LAGARDERE SCA
ITP INTERPARFUMS
CDA COMPAGNIE DES ALPES SA
NEX NEXANS SA
TIETO TIETOEVRY OYJ
MMT METROPOLE TELEVISION SA
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
COFA COFACE SA
LFDE LA FRANCAISE DE L'ENERGIE SA
NHH NH HOTEL GROUP SA
IBG IBERPAPEL GESTION S.A.
COPN COSMO PHARMACEUTICALS NV
FTG111 FLATEXDEGIRO AG
MVC METROVACESA SA
SAB BANCO DE SABADELL SA
NSI NSI N.V.
AEDAS AEDAS HOMES SA
EXN EXCLUSIVE NETWORKS SA
HGEA HGEARS AG
EXENS EXOSENS
- Fehmi Ben Naamane
ODDO BHF Small & MIDCAP MORNING NEWS - 07/24/2024
The Platform Group (TPG) is a software company that is active across 20 industries through its digital platform solutions. Via its four segments (consumer goods, freight goods, industrial goods, service and retail goods), it serves both B2B and B2C customers. Given the growing revenues (2023-2026e CAGR +14.7%) and adjusted EBITDA margins (+270bp to 7.8% in 2026e vs 2023), as well as a solid financial profile (equity ratio >30%, average positive FCF of c.€ 8m for 2024e to 2026e) and un...
OSE OSE IMMUNOTHERAPEUTICS SA
VAC PIERRE & VACANCES SA
FLY SOCIETE FONCIERE LYONNAISE SA
POM PLASTIC OMNIUM SE
MMB LAGARDERE SCA
ITP INTERPARFUMS
CDA COMPAGNIE DES ALPES SA
NEX NEXANS SA
TIETO TIETOEVRY OYJ
MMT METROPOLE TELEVISION SA
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
COFA COFACE SA
LFDE LA FRANCAISE DE L'ENERGIE SA
NHH NH HOTEL GROUP SA
IBG IBERPAPEL GESTION S.A.
COPN COSMO PHARMACEUTICALS NV
FTG111 FLATEXDEGIRO AG
MVC METROVACESA SA
SAB BANCO DE SABADELL SA
NSI NSI N.V.
AEDAS AEDAS HOMES SA
EXN EXCLUSIVE NETWORKS SA
HGEA HGEARS AG
EXENS EXOSENS
- Martijn Den Drijver
hGears : Preview Q2 and H1 2024 results: still a very tough market
>Q2 Adj. EBITDA margin hardly changed, FCF H1 2024 modestly negative - hGears will release its Q2 and H1 2024 results on August 13. An analyst and investor call is planned for that morning (usually at 10h CET). We forecast sales of €26.1m, which is a decline of 11% yoy but sequentially flat (€26.0m). With a slight improvement in mix (higher E-bike) we assume a modest improvement in gross profit margin sequentially (45.2% vs 44.6% in Q1) but that is still down from 49....
- Aurelien Sivignon
ODDO BHF Small & MIDCAP MORNING NEWS - 07/16/2024
The new roadmap, unveiled at the CMD held on 19 June, reveals a potential for value creation based on growth of at least 10% per year in the digital and locker businesses and a sharp upswing in their profitability, enabling these two units to turn in EBITDA margins estimated at 20-30%, close to the margins delivered by the core business (20-25%). We expect the 2023-30 EBIT CAGR to work out at +7.2%, i.e. nearly a 500bp upsurge in the current operating margin, with the digital and lock...
- Aurelien Sivignon
ODDO BHF Small & MIDCAP MORNING NEWS - 16/07/2024
La nouvelle feuille de route, dévoilée lors du CMD du 19 juin, révèle un potentiel de création de valeur à l’appui d’une croissance d’au moins 10% par an des activités Digital et Lockers et d’un net redressement de leur profitabilité pour atteindre des marges d’EBITDA (20/30%) voisines de celle de l’activité historique (20/25%). Nous tablons sur un TMVA 2023/30e de l’EBIT de +7.2%, soit une MOPC en amélioration de près de 500 pb avec une contribution de Digital + Lockers de près de 50...
- Andreas Riemann
Hugo Boss : Q2 prelims out, no more growth, downgrade to Neutral
>Q2 EBIT way below expectations - Last night, Hugo Boss pre-released weaker-than-expected Q2 2024 results. Group sales decreased 1% y-o-y currency-adjusted to € 1,015m (consensus: € 1,026m, ODDO BHFe: € 1,022m), which was 1% below consensus. In terms of channels, brick-and-mortar retail (-2%) and digital (-4%) were difficult. Regions: while growth continued in the Americas (+5%), the group recorded revenue declines in EMEA (-2%) and Asia/Pacific (-4%). The company sp...
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