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...
- Jeremy Garnier
ODDO : ODDO BHF Nextcap Forum: Feedback from day three
>Feedback from 52 companies present on day three - Our 13th edition of the ODDO BHF Nextcap Forum takes place on June 4 and 5 in Paris, and on June 6 virtually. Following the third day, which took place yesterday virtually at our Paris office with 52 companies in attendance, we publish hereafter feedback for those companies present:Aedas HomesLhyfeAfyrenMaisons Du MondeAltamirMcPhy EnergyAltriMister SpexAtresmediaNein...
A1XEH4 CROSSJECT SA
TNG TRANSGENE SA
FGA FIGEAC AERO SA
BLC BASTIDE LE CONFORT MEDICAL SA
KCO KLOECKNER & CO SE
ALTR ALTRI SGPS SA
SWP SWORD GROUP SE
SRP SRP GROUPE SA
AUB AUBAY SA
NTG NETGEM SA
VLS VALNEVA SE
LNA LNA SANTE SA
KOF KAUFMAN & BROAD SA
FNAC FNAC DARTY SA
BVB BORUSSIA DORTMUND GMBH & CO. KGAA
BAMNB KONINKLIJKE BAM GROEP NV
IDIP INSTITUT DE DEVELOPPEMENT INDUSTRIEL SCA
GREEN GREENYARD NV
MCPHY MCPHY ENERGY SA
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
ENC ENCE ENERGIA Y CELULOSA SA
LTA ALTAMIR ACT PORTEUR
INSD VERIMATRIX SA
SIFG SIF HOLDING NV
LRE LAR ESPANA REAL ESTATE SOCIMI SA
VLTSA VOLTALIA
HBH HORNBACH HOLDING AG & CO. KGAA
FFARM FORFARMERS
TRE TECNICAS REUNIDAS SA
PSG PROSEGUR COMPANIA DE SEGURIDAD SA
HOME NEINOR HOMES SA
MDM MAISONS DU MONDE SA
SMCP SMCP SA
AVTX AVANTIUM NV
RBO ROCHE BOBOIS INTERNATIONAL SAS
ALKAL KALRAY SA
AEDAS AEDAS HOMES SA
WAVE WAVESTONE SA
GRE GRENERGY RENOVABLES
THEP THERMADOR HOLDING SA
ALCUR ARCURE SA
TOM2 TOMTOM NV
CLA CLARANOVA SE
S30 SOLUTIONS 30 SE
ZEL PHARMA MAR SA
SOL SOLTEC POWER HOLDINGS
BLV BELIEVE SA
MRX MISTER SPEX SE
ALAFY AFYREN
FORSE FORSEE POWER SA
HDF HYDROGENE DE FRANCE
ALVGO VOGO SA
WAGA WAGA ENERGY SA
ALHAF HAFFNER ENERGY SA
EAPI EUROAPI
GVOLT GREENVOLT - ENERGIAS RENOVAVEIS S.A.
LHYFE LHYFE S.A.
- Baptiste Lebacq
FP TOTAL SE
AMS AMS AG
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
ELG ELMOS SEMICONDUCTOR SE
TPE PVA TEPLA AG
ENI ENI S.P.A.
REP REPSOL SA
SOI SOITEC SA
ASM ASM INTERNATIONAL N.V.
AIXA AIXTRON SE
PFV PFEIFFER VACUUM TECHNOLOGY AG
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
GNFT GENFIT SA
SIGHT GENSIGHT BIOLOGICS SA
WAF SILTRONIC AG
XIL XILAM ANIMATION SA
MELE MELEXIS NV
SMHN SUESS MICROTEC AG
VACN VAT GROUP AG
XFAB X-FAB SILICON FOUNDRIES SE
ASML ASML HOLDING NV
BP. BP P.L.C.
STM STMICROELECTRONICS NV
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
WOLF SOCIETE LDC SOCIETE ANONYME
ALKAL KALRAY SA
JEN JENOPTIK AG
TMV TEAMVIEWER AG
INPST INPOST S.A.
HDF HYDROGENE DE FRANCE
SHEL SHELL PLC
FLOW FLOW TRADERS LTD
ARM ARM HOLDINGS PLC
R3NK RENK GROUP AG
- Baptiste Lebacq
- Emmanuel Matot
FP TOTAL SE
AMS AMS AG
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
ELG ELMOS SEMICONDUCTOR SE
TPE PVA TEPLA AG
ENI ENI S.P.A.
REP REPSOL SA
SOI SOITEC SA
ASM ASM INTERNATIONAL N.V.
AIXA AIXTRON SE
PFV PFEIFFER VACUUM TECHNOLOGY AG
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
GNFT GENFIT SA
SIGHT GENSIGHT BIOLOGICS SA
WAF SILTRONIC AG
XIL XILAM ANIMATION SA
MELE MELEXIS NV
SMHN SUESS MICROTEC AG
VACN VAT GROUP AG
XFAB X-FAB SILICON FOUNDRIES SE
ASML ASML HOLDING NV
BP. BP P.L.C.
STM STMICROELECTRONICS NV
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
WOLF SOCIETE LDC SOCIETE ANONYME
ALKAL KALRAY SA
JEN JENOPTIK AG
TMV TEAMVIEWER AG
INPST INPOST S.A.
HDF HYDROGENE DE FRANCE
SHEL SHELL PLC
FLOW FLOW TRADERS LTD
ARM ARM HOLDINGS PLC
R3NK RENK GROUP AG
- Jean-François Granjon
- Louis Boujard
- CFA
HDF Energy : Confirmation of the medium-term targets
>Full-year results publication - HDF Energy reported full-year results that showed losses bigger than we expected at the operating and attributable net result levels. Revenues came to € 3.9m (€ 3.5m estimated) vs € 3.4m with € 3.2m in project management assistance mainly including the contribution from the RSB project (€ 2.9m). The net loss was € 7.8m (vs -€ 3.3m the previous year), higher than we anticipated (-€ 5.9m estimated). Continuation of developme...
- Jean-François Granjon
- Louis Boujard
- CFA
HDF Energy : Confirmation des objectifs MT
>Publication des résultats annuels - HDF Energy publie des résultats annuels qui traduisent des pertes supérieures à nos attentes pour le RO et le RNpg Le CA ressort à 3.9 M€ (3.5 M€ estimés) vs 3.4 M€ dont 3.2 M€ d’Assistance à Maîtrise d’Ouvrage (AMO) dont principalement la contribution du projet RSB (2.9 M€). La perte nette ressort à 7.8 M€ (vs -3.3 M€ YoY) supérieure à nos attentes (-5.9 M€ estimés). Poursuite des développements et des objectifs 2027...
- Jean-Baptiste Rouphael
AMS AMS AG
ALCLA CLASQUIN SA
LXS LANXESS AG
CDA COMPAGNIE DES ALPES SA
ELG ELMOS SEMICONDUCTOR SE
TPE PVA TEPLA AG
SOI SOITEC SA
ASM ASM INTERNATIONAL N.V.
VID VIDRALA SA
AIXA AIXTRON SE
PFV PFEIFFER VACUUM TECHNOLOGY AG
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
WAF SILTRONIC AG
MELE MELEXIS NV
SMHN SUESS MICROTEC AG
VACN VAT GROUP AG
XFAB X-FAB SILICON FOUNDRIES SE
ASML ASML HOLDING NV
STM STMICROELECTRONICS NV
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
ALKAL KALRAY SA
JEN JENOPTIK AG
WAVE WAVESTONE SA
HDF HYDROGENE DE FRANCE
ARM ARM HOLDINGS PLC
- Jean-François Granjon
- Louis Boujard
- CFA
HDF Energy : 2025 targets pushed back to 2027
>Projects need more time to be implemented - Management has confirmed the state of progress of the projects underway as well as of the investment in its fuel cell production unit. Although the company is experiencing some delays, the delivery of the new unit is expected in January 2024 (vs end-2023) and is scheduled to come into service in summer 2024. The ramp-up will be gradual and mass production could begin in 2025. Note that this project was deemed an IPCEI (Impo...
- Jean-Baptiste Rouphael
AMS AMS AG
ALCLA CLASQUIN SA
LXS LANXESS AG
CDA COMPAGNIE DES ALPES SA
ELG ELMOS SEMICONDUCTOR SE
TPE PVA TEPLA AG
SOI SOITEC SA
ASM ASM INTERNATIONAL N.V.
VID VIDRALA SA
AIXA AIXTRON SE
PFV PFEIFFER VACUUM TECHNOLOGY AG
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
WAF SILTRONIC AG
MELE MELEXIS NV
SMHN SUESS MICROTEC AG
VACN VAT GROUP AG
XFAB X-FAB SILICON FOUNDRIES SE
ASML ASML HOLDING NV
STM STMICROELECTRONICS NV
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
ALKAL KALRAY SA
JEN JENOPTIK AG
WAVE WAVESTONE SA
HDF HYDROGENE DE FRANCE
ARM ARM HOLDINGS PLC
- Jean-François Granjon
- Louis Boujard
- CFA
HDF Energy : Décalage des objectifs 2025 à 2027
>Une mise en œuvre des projets qui nécessite plus de temps - Le management confirme l’état d’avancement des projets en cours ainsi que le déroulement de l’investissement dans son unité de production de piles à combustible. Même si la société a dû faire face à quelques retards, la livraison de la nouvelle unité est prévue pour janvier 2024 (vs fin 2023) et la mise en service est programmée à l’été 2024. Le ramp up sera progressif et la production en série pourra démarr...
- James Carthew
- Matthew Read
HydrogenOne Capital Growth – Sky is the limit for HGEN
The disconnect between HydrogenOne Capital Growth (HGEN)’s NAV, current and prospective track record and its share price is hard to rationalise. The recent bond rout has added insult to injury for renewable energy investors as higher rates have increased concerns around the availability and cost of financing, in addition to the added competition from money market funds, which are now providing steady returns without the associated credit and duration risks. Even so, discounts now appear to be o...
- Jean-François Granjon
- Louis Boujard
- CFA
HDF Energy : Limited visibility in the short and medium term
>Publication of interim results - HDF Energy has published interim results that reflect the continued structuring of the company whilst the ramp-up of the top line is proving to be slower than expected. Interim sales were € 1.4m vs € 1.7m and attributable net profit was -€ 3m (vs -€ 0.8m). The group does not report on its EBITDA or underlying operating profit. The cash position remains healthy at € 76.7m (vs € 87.3m at 30 June 2022). This interim performance was also ...
- Nicolas David
ATO ATOS SE
ZIL2 ELRINGKLINGER AG
INF INFOTEL SA
ASY ASSYSTEM SA
SX CS GROUP SA
SQI SQLI SA
SWP SWORD GROUP SE
VIRP VIRBAC SA
ATE ALTEN SA
TRI TRIGANO SA
BCP BANCO COMERCIAL PORTUGUES S.A.
CAP CAPGEMINI SE
VRNL VERNEUIL PARTICIPATIONS
MBWS MARIE BRIZARD WINE & SPIRITS SA
ORDI ORDINA N.V.
CTAC CTAC N.V.
TIETO TIETOEVRY OYJ
COK CANCOM SE
BC8 BECHTLE AG
MCPHY MCPHY ENERGY SA
XIL XILAM ANIMATION SA
TWEKA TKH GROUP N.V. CERT
SLR SOLARIA ENERGIA Y MEDIO AMBIENTE S.A.
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
ALVAL VALBIOTIS SA
REY REPLY S.P.A.
WAVE WAVESTONE SA
FQT FREQUENTIS AG WIENER
VRLA VERALLIA SAS
HAG HENSOLDT AG
ALHRS HYDROGEN REFUELING SOLUTIONS
NA9 NAGARRO
RWI RENEWI PLC
OVH OVH GROUPE
HDF HYDROGENE DE FRANCE
IOS IONOS GROUP SE
- Nicolas David
ATO ATOS SE
ZIL2 ELRINGKLINGER AG
INF INFOTEL SA
ASY ASSYSTEM SA
SX CS GROUP SA
SQI SQLI SA
SWP SWORD GROUP SE
VIRP VIRBAC SA
ATE ALTEN SA
TRI TRIGANO SA
BCP BANCO COMERCIAL PORTUGUES S.A.
CAP CAPGEMINI SE
VRNL VERNEUIL PARTICIPATIONS
MBWS MARIE BRIZARD WINE & SPIRITS SA
ORDI ORDINA N.V.
CTAC CTAC N.V.
TIETO TIETOEVRY OYJ
COK CANCOM SE
BC8 BECHTLE AG
MCPHY MCPHY ENERGY SA
XIL XILAM ANIMATION SA
TWEKA TKH GROUP N.V. CERT
SLR SOLARIA ENERGIA Y MEDIO AMBIENTE S.A.
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
ALVAL VALBIOTIS SA
REY REPLY S.P.A.
WAVE WAVESTONE SA
FQT FREQUENTIS AG WIENER
VRLA VERALLIA SAS
HAG HENSOLDT AG
ALHRS HYDROGEN REFUELING SOLUTIONS
NA9 NAGARRO
RWI RENEWI PLC
OVH OVH GROUPE
HDF HYDROGENE DE FRANCE
IOS IONOS GROUP SE
- Jean-François Granjon
- Louis Boujard
- CFA
HDF Energy : Une visibilité limitée à court et moyen terme
>Publication des résultats semestriels - HDF Energy publie des résultats semestriels qui sont le reflet de la poursuite de la structuration de la société alors que le ramp up au niveau de la topline est plus lent que prévu. Le CA semestriel ressort à 1.4 M€ vs 1.7 M€ et le RNpg ressort à -3 M€ (vs -0.8 M€). La société ne communique pas les niveaux d’EBITDA et de ROC. La trésorerie de la société reste à un niveau soutenu à 76.7 M€ (vs 87.3 M€ au 30 juin 2022). Ces perf...
- Andreas Riemann
ODDO BHF Small & MIDCAP MORNING NEWS - 04/12/2023
We are publishing our first slideshow on our Life Sciences & Chemicals macropole. Our expertise integrates many sub-sectors which have been schematically separated into pharma, medtech, biotech, healthcare services and chemicals. The objective here is to review on a quarterly basis the key points of our respective sectors, by publishing both the financial and market metrics as well as the stocks that we recommend. - ...
- Andreas Riemann
ODDO BHF Small & MIDCAP MORNING NEWS - 12/04/2023
We are publishing our first slideshow on our Life Sciences & Chemicals macropole. Our expertise integrates many sub-sectors which have been schematically separated into pharma, medtech, biotech, healthcare services and chemicals. The objective here is to review on a quarterly basis the key points of our respective sectors, by publishing both the financial and market metrics as well as the stocks that we recommend. - ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.