reports
- Klaus Ringel
DEUTZ AG : Announcing a cooperation with TAFE in India
>TAFE to produce 30,000 Deutz engines in India - Deutz announced that they have entered a long-term cooperation with the Indian agricultural group TAFE Motors and Tractors Limited, which will manufacture up to 30,000 Deutz-engines p.a. in 2.2 Liter (50-75 hp) and 2.9 Liter (75-100 hp) under license. The aim is to augment and complement the wide range of engines made by the group across emission standards. TAFE Motors will produce engines to suit growing demands of the...
- Emmanuel Matot
- Jean Danjou
- Oliver Metzger
ODDO BHF Small & MIDC AP MORNING NEWS - 07/02/2024
The ‘quality growth’ ODDO BHF London Forum took place last week with 20 companies from Germany, Benelux, Spain and France in attendance. We organised 289 meetings, with around 100 investors. Going into the Q2 2024 earnings season, the stance was, unsurprisingly, largely in line with recent statements. But we were favourably impressed by CIE Automotive, ID Logistics (target price raised to € 410 vs € 380), Spie, TKH, Fugro and Lectra. We have adjusted our forecasts for five companies (...
- Emmanuel Matot
- Jean Danjou
- Oliver Metzger
ODDO BHF Small & MIDCAP MORNING NEWS - 02/07/2024
Le ODDO BHF London Forum ‘quality growth’ s’est déroulé la semaine dernière avec 20 sociétés allemandes, du Bénélux, espagnoles ou françaises. Nous avons organisé 289 meetings, avec une centaine d’investisseurs. A l’approche des résultats du T2 2024, les discours ont, sans surprise, peu dévié des communications récentes. Mais, nous avons été favorablement impressionnés par CIE Automotive, ID Logistics (OC relevé à 410 € vs 380 €), Spie, TKH, Fugro et Lectra. Nous avons modifié nos pré...
- Thijs Berkelder
SIF : New factory start-up in July: harvesting season to start in 2025
>2025e/26e EBITDA estimates up by 5%/12% - Following last weeks’ site visit to the factory expansion project at the Maasvlakte, near Rotterdam, and the confirmation that Sif now has signed a new large transition piece contract for 2025 (100 TPs for Baltyk 2&3 = 30 kt), and expects to sign new monopile contracts for 2026 before end of the year, we today are upgrading our estimates for the coming years.Prime reason for the rise in our 2024e earnings estimates is th...
EQS-News: DEUTZ unterzeichnet Kooperationsvereinbarung mit TAFE, dem f...
EQS-News: DEUTZ AG / Schlagwort(e): Kooperation/Sonstiges DEUTZ unterzeichnet Kooperationsvereinbarung mit TAFE, dem führenden Landtechnikkonzern in Indien 01.07.2024 / 19:47 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Vorteile für deutsche Standorte durch Ausbau der Lieferantenbasis Kooperation soll auf alternative Antriebe ausgeweitet werden Köln, den 1. Juli 2024 – DEUTZ untermauert seine „Dual+“-Strategie mit einem weiteren wichtigen Baustein, der sowohl die Weiterentwicklung alternativer Antriebssysteme als auch den Ausbau ...
EQS-News: DEUTZ inks cooperation with TAFE, India’s leading agricultur...
EQS-News: DEUTZ AG / Key word(s): Alliance/Miscellaneous DEUTZ inks cooperation with TAFE, India’s leading agricultural group 01.07.2024 / 19:47 CET/CEST The issuer is solely responsible for the content of this announcement. Advantages for German locations due to broader supplier base Cooperation to be extended to green drives Cologne, July 1, 2024 – DEUTZ is adding another cornerstone to its Dual+ strategy, which includes both the further development of alternative drive systems and the expansion of the internal combustion engine business. The cooperation with the Ind...
- Bruno Cavalier
- Thijs Berkelder
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 07/01/2024
By calling a snap election in the hope of bringing a majority of voters back to a centrist bloc, Emmanuel Macron has gambled with the Constitution. And he lost. Yesterday's election, marked by a jump in turnout (+20pt vs 2022), confirmed the dominance of the National Rally (RN). There are now two possible scenarios. One is an absolute majority for the RN, enabling it to "conduct the nation's policy"... until a possible dissolution in a year's time. The other is a divided parliament, f...
- Bruno Cavalier
- Thijs Berkelder
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 01/07/2024
En provoquant des élections anticipées dans l’espoir de ramener une majorité d’électeurs vers un bloc centriste, Emmanuel Macron a joué avec la Constitution. Il a perdu. L’élection d’hier marquée par un bond de la participation (+20pts vs 2022) a confirmé la domination du Rassemblement National. Deux scénarios subsistent. L’un est une majorité absolue pour le RN lui permettant de "conduire la politique de la nation"… jusqu’à une possible dissolution dans un an. L’autre est une parleme...
- Thijs Berkelder
DEME Group : Agreement with Egypt on € 3bn green hydrogen production p...
>HYPORT Gargoub (Egypt) will be DEME’s 2nd large green hydrogen project - DEME has announced the signing of a milestone Cooperation Agreement with the Egyptian Government to establish an industrial-scale green hydrogen production facility in Egypt’s western desert:HYPORT Gargoub is a three-phase project, with the first phase targeting an annual green ammonia production of approximately 320,000 tonnes. It will be located within the industrial zone of the Port of G...
- Thijs Berkelder
SIF : Expansion project still on track
>Feedback site visit + management Q&A - On Friday June 28 Sif organised a sell-side analyst site visit to the newly expanded factory on the Maasvlakte near Rotterdam, starting up with a presentation by CEO Fred van Beers, CFO Ben Meijer, project integration manager Jeroen Talsma and IR Fons van Lith. Main topics discussed: Order intake. Sif indicates it is very close to signing a large transition piece contract with will fill the occupancy of the Roermond plant in 202...
- Guy Sips
- Hilde Van Boxstael
- Michiel Declercq
- Thibault Leneeuw
- Thomas Vranken
- Wim Lewi
- Klaus Ringel
DEUTZ AG : Entering the US power generation business via the acquisiti...
>Entering the promising US power generation market via M&A - Deutz announced they signed an agreement to acquire all the shares in the privately run Blue Star Power Systems, Inc. from Blue Star Power Systems Holdings, Inc. The company is headquartered in North Mankato, Minnesota (USA), and develops, manufactures, and sells generator sets (gensets) – predominantly diesel and gaseous at present (~89% of sales) – in the 20 kWe to 2,000 kWe power range in the US (85% of s...
- Olfa Taamallah
- Yan Derocles
Figeac Aero : Well on course for EBITDA margin of at least 16%
>2023-24 shows the margin target of 16% is well within reach - By neutralising the effects of the losses in Mexico and the remainder of the inflation not offset by clients (respectively € 7.4m and € 3.8m), Figeac should already have achieved in March 2024 the EBITDA margin targeted for March 2028 of 16%; this shows the strength of the safety net factored into the guidance. Over the next four years, the company is set to benefit from operating leverage related to the s...
- Oliver Metzger
- Stephan Wulf
SCHOTT Pharma AG & Co. KGaA : Increasing optimism on FY 2024 while lon...
>More optimistic on FY 2024 as visibility increases - The most important topic of SCHOTT Pharma's H1 conference call last week was CFO Dr Almuth Steinkühler's more positive sales guidance for 2024. Previously the company limited the guidance to the low end of its 9-11% sales growth target for FY 2024 as FY 2023 came in stronger than anticipated and therefore comps were challenging. At the conference call, the CFO explicitly emphasised that the full range of the guidan...
- Olfa Taamallah
- Yan Derocles
Figeac Aero : La route pour une marge d’EBITDA d’au moins 16% est tout...
>L’exercice 2023-24 démontre que l’objectif de marge de 16% est largement atteignable - En neutralisant les effets des pertes au Mexique et du reliquat d’inflation non compensé par les donneurs d’ordre (respectivement 7.4 M€ et 3.8 M€), Figeac aurait déjà atteint en mars 2024 la marge d’EBITDA cible pour l’exercice mars 2028 de 16%, ce qui démontre l’épaisseur du matelas intégré dans les objectifs. Sur les quatre prochaines années, la société va, en effet, bénéficier ...
- Thomas J. Schiessle
Q2/24 erfreulich – Lagerabbau bei Standart-Vails abgeschlossen- CFO: Q...
FY 24 ist auf Kurs; der Markt intakt, aber das Kundenverhalten eher zurückhaltend. Im H1/24 stieg der Konzernumsatz (in CC) mit 9,0 % YoY auf € 489 Mio. jüngst schneller. Das adj. EBITDA stieg auf € 134 Mio. (in CC.: +2 %; Marge 27,4 %; Vj: 29,4 %), sank (wg. Unterauslastung) im QoQ aber. Die Nachfrage nach Primärverpackungen für Flüssig-Medikamente ist anhaltend hoch, was u.E. ab H2/23-24 deutlich und margenrelevant (vor ramp-up-Kosten (FY 23-24: € 10-15 Mio.)) werden wird, denn der Corona-bedi...
- Thomas J. Schiessle
Q2/24 pleasing - destocking of standard vails completed - CFO: Q3/24 i...
FY 24 is on track; market intact, but customer behavior rather cautious. In H1/24, Group sales (in CC) recently grew faster at 9.0% YoY to € 489m. Adj. EBITDA rose to € 134m (in CC.: +2%; margin 27.4%; PY: 29.4%), but fell (due to underutilization) in QoQ. Demand for primary packaging for liquid medicines remains high, which we believe will become significant and margin-relevant (before ramp-up costs (FY 23-24: € 10-15m)) from H2/23-24, as the corona-related customer destocking (especially vials...
- Oliver Metzger
- Stephan Wulf
- Oliver Metzger
- Stephan Wulf
- Oliver Metzger
- Stephan Wulf
SCHOTT Pharma AG & Co. KGaA : Positive newsflow on FY 24 guidance duri...
>FY 24 sales guidance is not limited to the lower end of the range any more - The most important topic of the H1 conference call was that the CFO, Dr Almuth Steinkühler, changed the tone on the 2024 sales guidance. Previously the company limited the guidance to the low end of its 9-11% sales growth target for FY 24 as FY 23 came in stronger than anticipated and therefore comps were challenging. At the conference call, the CFO explicitly emphasised that the full range ...
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