ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 05/12/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 12/05/2025

NEXT plc : Positive trading statement, raising FY 2025 estimates

Next: 1 director

A director at Next sold 100,000 shares at 12,362p and the significance rating of the trade was 70/100. 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 showing Clo...

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 03/27/2025

NEXT plc : FY 24 prelims in line, FY 25 profit outlook 1% above

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/31/2024

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ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 31/10/2024

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NEXT plc : Some 8% growth in Q3, raising FY profit target slightly

>Online driving top-line growth, more optimistic on Q4 - Yesterday morning, Next provided a trading statement for Q3 (August-October) which we think was positive. The full price business (c. 80% of total sales) rose 7.6% y-o-y for Q3. While there is no consensus, we think this should be broadly in line with expectations. We did actually expect some 8-9% growth. Why? Next already stated that full price sales in the first six weeks of the quarter (August to mid-Septembe...

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/26/2024

‘Soft landing’... the term is in vogue and we think it aptly describes the current situation in the energy market. After a period of “excess profits”, the fundamentals are back in favour and prompt us to revise down our estimates for energy prices. - Alongside renewable energies, pockets of sustainable value creation are emerging for players capable of capitalising on the structural growth in volatility on the electricity markets but which are nonetheless trading at a discount In the U...

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/09/2024

“Soft landing”… le terme est à la mode et nous pensons qu’il caractérise bien la situation du marché de l’énergie aujourd’hui. Après une parenthèse de « surprofits », les fondamentaux reprennent leur droit et nous conduisent à réviser en baisse nos hypothèses de prix de l’énergie. A côté du renouvelable, des poches pérennes de création de valeur apparaissent pour les acteurs capables de profiter de la croissance structurelle de la volatilité des marchés électriques et qui souffrent ma...

NEXT plc : H1 2024 results confirm resilience of NEXT’ fashion busines...

>H1 results in line, raising profit outlook for FY - Last week, NEXT reported final results for H1 2024 (quarter ended in July) after already releasing preliminary numbers in August. Group sales increased 8% y-o-y with the full price business growing 4%. In terms of channels, Online (+7%) outgrew Retail (-2%) again. Moreover, Finance (+5%) and Total Platform (+25%) did well. Within Online, the Overseas business (+23% for full price) grew particularly fast. Profit bef...

ODDO BHF Small & MIDCAP MORNING NEWS - 07/08/2024

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ODDO BHF Small & MIDCAP MORNING NEWS - 08/07/2024

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NEXT plc : Better Q2 sales, raising the FY profit target slightly

>Q2 sales above expectations, strong growth in Overseas online business - Last week Next reported better-than-expected sales for Q2 which is the quarter ending in July 2024. In Q2, full price sales were up 3.2% y-o-y, exceeding the company’s expectations. Given the exceptional summer last year, Next was forecasting flat full price sales. Full price sales in the UK (Online and Retail combined) were only slightly ahead of expectations (up 0.4%), but Overseas sales onlin...

N Brown Group plc - Company Profile and SWOT Analysis

Summary N Brown Group plc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights N Brown Group plc (N Brown Group) is a multi-channel fashion retailer that offers apparel for women and men, footwear, accessories, and home and gift products. The company markets and sells these prod...

NEXT Group plc: Update to credit analysis following outlook change to ...

Our credit view of this issuer reflects its track record of rigorous cost management, offset by a degree of uncertainty with regard to the company.

Moody's Ratings affirms NEXT Group's Baa2 ratings; outlook changed to ...

Moody's Ratings, (Moody's) has today affirmed the Baa2 long-term issuer rating of NEXT Group plc (NEXT or the company). The rating agency has also affirmed the company's backed senior unsecured and senior unsecured ratings at Baa2. The outlook was changed to positive from stable. The rating action...

NEXT plc : Strong in the UK but limited prospects for growth and margi...

NEXT can claim the leading position in the UK fashion category. Moreover, the company managed the transition from offline to online comparatively well. However, top-line growth should remain at 4% a year until 2026 as the business outside the UK is too small. The operating margin should decrease 40bp to 17.6% on higher wages and general Opex inflation. We initiate coverage with a Neutral rating and a TP of 8,900p (based on a peer group and DCF). - >Leading fashion retail...

NEXT Group plc: Update to credit analysis

Our credit view of this issuer reflects an entrepreneural culture that has allowed the company to adapt to rapid market changes, against its highly competitive market.