Waga Energy: New contract in the US

Waga Energy has signed a contract with Rockingham County in the US to operate a medium-sized Wagabox in its Madison site (North Carolina, US). This is another step forward for Waga Energy after the >600GWh/year signed in 2023 with Casella Waste Systems, Scott and Chester County, keeping great mo

Waga Energy: commissioning of a biomethane unit with Arcavi

Waga Energy has announced the commissioning of a Wagabox in Champagne-Ardenne with Arcavi, a French company committed to sustainable waste management and founded by Ardennes General Council. Started in April 2024, this unit has been equipped with a Wagabox able to treat up to 600 m3/h of gas and pr

ODDO BHF Small & MIDCAP MORNING NEWS - 03/05/2024

Founded in 1959, Leifheit AG is one of the leading European brand suppliers of household items. The group divides its operating business into the household, wellbeing and private label segments. In view of its growing turnover (CAGR of +2.8% for 2023 to 2026e) and EBIT margins (+290bp to 5.2% in 2026e vs 2023), as well as its solid financial profile (equity ratio of about 50%, average net cash position of c. € 40m for 2024e to 2026e, average positive FCF of c. € 11m for 2024e to 2026e...

ODDO BHF Small & MIDCAP MORNING NEWS - 05/03/2024

Founded in 1959, Leifheit AG is one of the leading European brand suppliers of household items. The group divides its operating business into the household, wellbeing and private label segments. In view of its growing turnover (CAGR of +2.8% for 2023 to 2026e) and EBIT margins (+290bp to 5.2% in 2026e vs 2023), as well as its solid financial profile (equity ratio of about 50%, average net cash position of c. € 40m for 2024e to 2026e, average positive FCF of c. € 11m for 2024e to 2026e...

Bonduelle : Q3 sales below expectations. Full-year organic growth guid...

>Organic sales decline of 1% vs +5%e with Europe stable and non-Europe down 3% - Bonduelle's Q3 sales, reported yesterday evening, fell 4% short of our forecast with a less negative forex effect than expected. Sales of € 564.9m (vs € 588.1m) came in 1.3% lower in reported terms and -1% in organic terms (vs +5%). Sales for the two zones were lower in organic terms. Europe sales posted a slight increase of 0.5% in reported terms and were flat on an organic basis at € 37...

Bonduelle : CA T3 en deçà des attentes. Guidance annuelle de croissanc...

>Baisse organique du CA de 1% vs +5%e avec une Europe stable et hors Europe en baisse de 3% - Bonduelle a publié hier soir un CA T3 4% en dessous de notre attente avec un effet de change moins dégradé que prévu. Le CA de 564.9 M€ (vs 588.1 M€) ressort en baisse de 1.3% en publié et de 1% en organique (vs +5%). Les ventes des deux zones sont plus faibles en organique. Les CA Europe progresse légèrement de 0.5% en publié et reste stable en organique à 378.8 M€. La cons...

ODDO BHF Small & MIDCAP MORNING NEWS - 04/30/2024

BHP's bid for Anglo American has confirmed interest from miners in copper in the context of increasingly challenged production and difficulties in fully completing projects. Anglo’s (Neutral) prospects in copper are now better valued and this is also the case for BHP (Neutral vs Underperform) although not so for Rio Tinto (Outperform vs Neutral). Downstream, Nexans and Montana Aerospace are our Top Picks (Outperform) vs Aurubis, Rexel and Prysmian (Neutral). - ...

ODDO BHF Small & MIDCAP MORNING NEWS - 30/04/2024 Date Performance dep...

L’offre de BHP sur Anglo American a confirmé l’intérêt des minières pour le cuivre dans un contexte de tensions croissantes sur la production et de difficultés à faire aboutir les projets. Les perspectives d’Anglo (Neutre) dans le cuivre sont désormais mieux valorisées, c’est aussi le cas de BHP (Neutre vs Sous-performance) mais pas encore assez, selon nous, sur Rio Tinto (Surperformance vs Neutre). En aval, Nexans et Montana Aerospace sont nos valeurs préférées (Surperformance) vs Au...

WAGA ENERGY : Results in line with forecasts, underpinned by robust co...

>2023 results in line with our expectations - Yesterday evening, Waga Energy published its FY 2023 results. As a reminder, 2023 sales were € 33.3m, i.e. a 74% increase vs 2022 (2022 sales at € 19.2m). EBITDA was down by € 1.6m to -€ 4.8m (vs -€ 3.2m in 2022) in line with our forecasts. H2 2023 EBITDA was -€ 1.7m, up sharply vs H1 2023 (-€ 3.1m). EBIT fell to -€ 14.5m (vs -€ 8.2m in 2022), a shade below our forecast. Lastly, the group reported a net loss of -€ 16m (...

WAGA ENERGY : Résultats en ligne avec nos attentes, soutenus par une b...

>Résultats 2023 en ligne avec nos attentes - Waga Energy a publié hier soir ses résultats FY 2023. Pour rappel, le CA 2023 est de 33.3 M€, soit une augmentation de 74% par rapport à 2022 (CA 2022 19.2 M€). L’EBITDA affiche une baisse de 1.6 M€ pour atterrir à -4.8 M€ (vs -3.2 M€ en 2022) en ligne avec nos attentes. L’EBITDA S2 2023 de -1.7 M€ ressort en forte hausse par rapport au S1 2023 (-3.1 M€). L’EBIT diminue pour atteindre -14.5 M€ (vs -8.2 M€ en 2022), légère...

Waga Energy: Setting itself for profitable growth

Waga Energy has reported a FY 2023 EBIT loss broadly in line with expectations at EUR14.1m (vs cons. at -EUR14.2m). With 23 units in operation (0.9TWh/year), 14 under construction representing up to 1.3TWh/year of additional capacity, and a global pipeline of more than 12TWh/year, Waga Energy is on

INVEST SECURITIES - VALBIOTIS : Résultats 2023 conformes, un newsflow ...

WAGA ENERGY : Transforming biogas into grid-compatible biomethane: a s...

Waga Energy offers an innovative start-up profile in the utilities sector: i/ disruptive technology in biogas treatment, ii/ established competitive advantages, iii/ positioning on a market with strong potential (>20,000 landfills) and iv/ a robust business model based on recurring revenues. At its CMD in February 2024, the company reconfirmed its ambitions for 2026 set out at the IPO (contracts for 4 TWh and recurring revenues of € 200m). The financing secured in Q1 2024 (€ 112m...

WAGA ENERGY : Transformer le biogaz en biométhane compatible avec le r...

Waga Energy propose un profil de start-up innovante dans le secteur des utilities : i/ une technologie disruptive pour le traitement du biogaz, ii/ des avantages compétitifs établis, iii/ un positionnement sur un marché à fort potentiel (>20 000 décharges) et iv/ un modèle robuste de revenus récurrents. La société a reconfirmé lors du CMD en février 2024 ses ambitions à horizon 2026 annoncées au moment de son IPO (signature de 4 TWh et CA récurrent de 200 M€). Fort des financemen...

Waga Energy: another commissioning in France

Waga Energy yesterday announced the commissioning of a Wagabox in Chatuzange (France) on a site operated by Veolia, one of the largest European players in the waste management and utility industry. The site has been equipped with a Wagabox able to produce up to 25GWh/year of biomethane, directly in