reports
RWE AG: 1 director
A director at RWE AG bought 1,142 shares at 30.780EUR and the significance rating of the trade was 53/100. 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...
- Baptiste Salaville
- Benoit Valleaux
- Steven Gould
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/14/2024
Banks tick all the boxes in the market’s current configuration: search for discounted sectors, cyclical momentum, sectors driven by long-term interest rates that remain high and shareholder returns through very high dividend yields. Technical analysis reveals a strong conviction since early March, and this should continue. We prefer banks in southern Europe, where the macro outlook is brighter. Alongside CaixaBank, which we are maintaining in our list of European Large Cap stocks, we ...
CSGN CREDIT SUISSE GROUP AG
AC ACCOR SA
UBSN UBS GROUP AG
BNP BNP PARIBAS SA CLASS A
DBK DEUTSCHE BANK AG
CBK COMMERZBANK AG
PBB DEUTSCHE PFANDBRIEFBANK AG
GLE SOCIETE GENERALE S.A. CLASS A
RHM RHEINMETALL AG
KBC KBC GROUP N.V.
SDF K+S AG
ZAL ZALANDO SE
ISP INTESA SANPAOLO S.P.A.
GEBN GEBERIT AG
RWE RWE AG
BCP BANCO COMERCIAL PORTUGUES S.A.
VOW3 VOLKSWAGEN AG PREF
BKT BANKINTER SA
VLK VAN LANSCHOT KEMPEN NV CERT. OF SHS
UCG UNICREDIT S.P.A.
CABK CAIXABANK SA
MERLIN MERLIN PROPERTIES SOCIMI S.A.
INGA ING GROEP NV
SAN BANCO SANTANDER S.A.
HLAG HAPAG-LLOYD AG
UNI UNICAJA BANCO S.A.
BIM BIOMERIEUX SA
REY REPLY S.P.A.
BBVA BANCO BILBAO VIZCAYA ARGENTARIA S.A.
SAB BANCO DE SABADELL SA
ALG ALLEGRO.EU SA
- Baptiste Salaville
- Benoit Valleaux
- Steven Gould
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/03/2024
Les banques cochent toutes les cases de la configuration de marché actuelle : recherche de secteurs décotés, momentum cyclique, secteurs portés par des taux longs qui restent hauts, retour à l’actionnaire via un très haut dividend yield. L’analyse technique montre une forte conviction depuis début mars, qui devrait se poursuivre. Nous favorisons les banques du sud de l’Europe, à la macro plus avenante. Aux côtés de CaixaBank, que nous conservons dans notre liste de valeurs Large Caps ...
CSGN CREDIT SUISSE GROUP AG
AC ACCOR SA
UBSN UBS GROUP AG
BNP BNP PARIBAS SA CLASS A
DBK DEUTSCHE BANK AG
CBK COMMERZBANK AG
PBB DEUTSCHE PFANDBRIEFBANK AG
GLE SOCIETE GENERALE S.A. CLASS A
RHM RHEINMETALL AG
KBC KBC GROUP N.V.
SDF K+S AG
ZAL ZALANDO SE
ISP INTESA SANPAOLO S.P.A.
GEBN GEBERIT AG
RWE RWE AG
BCP BANCO COMERCIAL PORTUGUES S.A.
VOW3 VOLKSWAGEN AG PREF
BKT BANKINTER SA
VLK VAN LANSCHOT KEMPEN NV CERT. OF SHS
UCG UNICREDIT S.P.A.
CABK CAIXABANK SA
MERLIN MERLIN PROPERTIES SOCIMI S.A.
INGA ING GROEP NV
SAN BANCO SANTANDER S.A.
HLAG HAPAG-LLOYD AG
UNI UNICAJA BANCO S.A.
BIM BIOMERIEUX SA
REY REPLY S.P.A.
BBVA BANCO BILBAO VIZCAYA ARGENTARIA S.A.
SAB BANCO DE SABADELL SA
ALG ALLEGRO.EU SA
- Louis Boujard
- CFA
- Philippe Ourpatian
RWE : Confirmation of the bottom end of the guidance should come as a ...
>A very good 2023 and lower end of 2024 confirmed - The group confirmed this morning the preliminary results posted at the end of January. EBITDA was € 8,378m (+33%) vs € 7,956m anticipated. EBIT was € 6,349m (+39%) vs € 5,758m and attributable net profit was € 4,536m (+40%) vs € 3,961m anticipated. All of the core business divisions contributed to these good 2023 results and came in above our initial forecasts. For detailed results per division please refer our flash...
- Louis Boujard
- CFA
- Philippe Ourpatian
RWE : Confirmation of the bottom end of the guidance should come as a ...
>A very good 2023 and lower end of 2024 confirmed - The group confirmed this morning the preliminary results posted at the end of January. EBITDA was € 8,378m (+33%) vs € 7,956m anticipated. EBIT was € 6,349m (+39%) vs € 5,758m and attributable net profit was € 4,536m (+40%) vs € 3,961m anticipated. All of the core business divisions contributed to these good 2023 results and came in above our initial forecasts. For detailed results per division please refer our flash...
- Nadège Tillier
Power price normalisation and grids expansion in European utilities
The energy crisis is behind us, and the European Commission has taken action to prevent further disruption over the coming years. European utilities will continue to grow in terms of both cash flow generation and investment, but at a less hectic pace. The extremely elevated power prices seen in 2022 and 2023 are also entering into a normalisation phase
- Ahmed Ben Salem
- Bruno Cavalier
LHN LAFARGEHOLCIM LTD.
FP TOTAL SE
EQNR EQUINOR ASA
WCH WACKER CHEMIE AG
GALP GALP ENERGIA SGPS SA CLASS B
KNEBV KONE OYJ CLASS B
SLB.N SCHLUMBERGER NV
MC LVMH MOET HENNESSY LOUIS VUITTON SE
GTT GAZTRANSPORT & TECHNIGAZ SA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
RCO REMY COINTREAU SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
AGS AGEAS SA/NV
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
PGS PGS ASA
ZAL ZALANDO SE
ENI ENI S.P.A.
RWE RWE AG
RY4C RYANAIR HOLDINGS PLC
P2F PETROFAC LIMITED
01913 PRADA S.P.A.
REP REPSOL SA
SOC SUBSEA 7 S.A.
BKT BANKINTER SA
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
FDR FLUIDRA S.A.
MONC MONCLER SPA
CFR COMPAGNIE FINANCIERE RICHEMONT SA
TRE TECNICAS REUNIDAS SA
LIVS AUTOLIV INC. SDR
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
SGSN SGS SA
TEN TENARIS S.A.
- Bruno Cavalier
- Oliver Metzger
- Wim Gille
LHN LAFARGEHOLCIM LTD.
FP TOTAL SE
EQNR EQUINOR ASA
WCH WACKER CHEMIE AG
GALP GALP ENERGIA SGPS SA CLASS B
KNEBV KONE OYJ CLASS B
SLB.N SCHLUMBERGER NV
MC LVMH MOET HENNESSY LOUIS VUITTON SE
GTT GAZTRANSPORT & TECHNIGAZ SA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
RCO REMY COINTREAU SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
AGS AGEAS SA/NV
EL ESSILORLUXOTTICA SA
PHIA KONINKLIJKE PHILIPS N.V.
BRBY BURBERRY GROUP PLC
KER KERING SA
PGS PGS ASA
ZAL ZALANDO SE
ENI ENI S.P.A.
RWE RWE AG
RY4C RYANAIR HOLDINGS PLC
P2F PETROFAC LIMITED
01913 PRADA S.P.A.
REP REPSOL SA
SOC SUBSEA 7 S.A.
BKT BANKINTER SA
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
FDR FLUIDRA S.A.
MONC MONCLER SPA
CFR COMPAGNIE FINANCIERE RICHEMONT SA
TRE TECNICAS REUNIDAS SA
LIVS AUTOLIV INC. SDR
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
SGSN SGS SA
TEN TENARIS S.A.
- Louis Boujard
- CFA
- Philippe Ourpatian
RWE : Very good 2023 results but attention focused on the future
>Outperform recommendation confirmed and target price lowered to € 46 vs € 50 - On Friday during trading, RWE released preliminary results that beat the guidance and our estimates for 2023. However, management acknowledged that the recent decline in energy prices prompts it to anticipate 2024 results towards the bottom of its guidance range, which has led us to lower our forecasts for EPS by 3% to 8% over the 2024-2030 period. Out to 2030, our forecasts are now at the...
- Louis Boujard
- CFA
- Philippe Ourpatian
RWE : Très bons résultats 2023 mais toute l’attention porte sur la sui...
>Opinion Surperformance confirmée OC abaissé à 46 € vs 50 € - RWE a publié ses résultats préliminaires vendredi pendant la journée et ils sont ressortis supérieurs à la guidance et à nos estimations pour 2023. Le groupe a cependant reconnu que la baisse récente des prix de l’énergie l’amenait à anticiper des résultats 2024 qui se situeraient vers le bas de sa guidance ce qui nous a conduit à ajuster à la baisse nos estimations de BPA de 3 à 8% sur la période 2024-30. ...
- Olfa Taamallah
- Yan Derocles
- Olfa Taamallah
- Yan Derocles
- Louis Boujard
- CFA
- Philippe Ourpatian
RWE : Feedback from road show in Paris
>Opportunity, resilience and coherence - Following the CMD last week we organised a road show yesterday in Paris with Michael Müller, CFO. At this event, investors revisited the group's long-term strategy with particular attention paid to the outlook for growth in the key market, resilience of the business model and its financial resources.Key markets for RWE’s development - The bulk of RWE's investment is concentrated in OECD countries with a prism o...
- Louis Boujard
- CFA
- Philippe Ourpatian
RWE : Feedback roadshow à Paris
>Opportunité, résilience et cohérence - A la suite du CMD de la semaine dernière nous avons organisé un roadshow hier à Paris avec Michael Müller, CFO. A cette occasion, les investisseurs sont revenus sur la stratégie du groupe à long terme en particulier en ce qui concerne ses hypothèses de croissance dans ses principaux marchés, la résilience de son business model et l’adéquation de ses ressources financières.Principaux marchés pour le développement de ...
- Charlotte Vaisse
- Luis de Toledo Heras
- Marc Lavaud
- Charlotte Vaisse
- Luis de Toledo Heras
- Marc Lavaud
- Louis Boujard
- CFA
- Philippe Ourpatian
RWE : Plus d’investissements pour plus de croissance
>Principaux messages du CMD - RWE a organisé hier son Capital Market Day à Londres en vue de présenter une mise à jour de sa stratégie Growing Green 2030. En résumé, les nouveaux objectifs reposent sur une très forte accélération du plan d’investissement qui passe de 42 Md€ sur la période 2024-30 initialement attendu (estimation précédente ODDO BHF) à 55 Md€ (nouvelle guidance société). En parallèle, le groupe annonce une nouvelle politique de dividende qui consiste e...
- Louis Boujard
- CFA
- Philippe Ourpatian
RWE : More investment for more growth
>Main messages from the CMD - RWE yesterday organised its Capital Market Day in London to present an update of its Growing Green 2030 strategy. To sum up, the new targets are based on a very significant acceleration in the investment plan which has gone from € 42bn over the period 2024-2030 initially expected (previous ODDO BHF estimate) to € 55bn (new company guidance). At the same time, the group announced a new dividend policy which involves an increase of 5-10% p....
- Ahmed Ben Salem
- Emira Sagaama
- Emmanuel Matot
- Jerôme Bodin
- Ahmed Ben Salem
- Emira Sagaama
- Emmanuel Matot
- Jerôme Bodin
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