reports
- Lynn Hautekeete
Home Invest Belgium Model update after 3Q24 and Brussels legislation
The 3Q24 results are slightly above our expectations on the back of an improved operating margin. The guidance of EUR 1.15 EPRA EPS is reiterated. Home invest is one of the best performers to date among Belgian REITs. However, in the last month there was profit taking and negative news on regulation. As of 01/11/2024, rent increases in Brussels (66% portfolio) are on hold for 9 consecutive years. This was already the case for the 3-6-9 contracts but now impacts short term contracts and tenant de...
- Guy Sips
- Hilde Van Boxstael
- Lynn Hautekeete
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Guy Sips
- Jacob Mekhael
- Kristof Samoy
- Lynn Hautekeete
- Michiel Declercq
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
Dynamic Top Pick List Update November 2024 – Adding Azelis – Removing ...
With 2 changes in our Dynamic Top Pick list (we add Azelis and we remove Solvay) we maintain a defensive stance on the market for 2H24. The long anticipated interest rate cuts by central banks have finally started. The Trump election victory in the US does not bode well for European stocks as he favours a protectionist course. Although industrial companies with a US base could actually benefit. Cleantech names with exposure to the US could also suffer (unless owned by E.Musk). We expect the US ...
BEKB BEKAERT SA
ABN ABN AMRO BANK NV DEPOSITARY RECEIPTS
FAGR FAGRON SA
EVS EVS BROADCAST EQUIPMENT SA
XIOR XIOR STUDENT HOUSING N.V.
SOLB SOLVAY SA
COFB COFINIMMO SA
DIE D'IETEREN SA
SOF SOFINA SA
IBAB ION BEAM APPLICATIONS SA
ACKB ACKERMANS & VAN HAAREN NV
KIN KINEPOLIS GROUP NV
NN NN GROUP N.V.
TINC TINC COMM. VA
FUR FUGRO NV
AZE AZELIS GROUP NV
SYENS SYENSQO
- Wim Hoste
Solvay Feedback conference call
Below are the highlights from the 3Q results conference call. We remind that 3Q uEBITDA was flat organically which was in line with our forecast and c. 4% above consensus, driven entirely by a big beat in the lumpy Corporate line whilst both Basic Chemicals and Performance Chemicals came in below expectations. Solvay now expects to come in at the high end of its FY uEBITDA decline range of -10-15%, supported by additional savings. An interim dividend of € 0.97 has been announced. Solvay is a bas...
- Olfa Taamallah
- Thomas Zlowodzki
- Yan Derocles
ODDO BHF Small & MIDCAP MORNING NEWS - 06/11/2024
Notre scénario central s’est concrétisé dans la nuit : Donald Trump remporte la présidentielle américaine, et le choix des électeurs ne devrait pas être contesté. Il pourrait disposer d’une majorité dans les deux assemblées. Les actions américaines en seront les premières bénéficiaires. Sur les actions européennes, les secteurs les plus gagnants seront l’Energie, les Médias, les Métaux, Construction & Materials, Financial Services, Insurance. Sont en revanche plus à risque Utilities, ...
- Olfa Taamallah
- Thomas Zlowodzki
- Yan Derocles
ODDO BHF Small & MIDCAP MORNING NEWS - 11/06/2024
Our baseline scenario materialised last night: Donald Trump seems to be on course to win the US presidential election, and the choice of the electorate is unlikely to be challenged. He could end up with a majority in both houses of Congress. US equities will be the first to benefit from this development. In European equities, the biggest winners will be Energy, Media, Metals, Construction & Materials, Financial Services and Insurance. More at risk, however, are the Utilities, Spirits,...
- ING Helpdesk
Benelux Morning Notes
Ahold Delhaize: A strong 3Q24, driven by Europe. CFE: 3Q24 preview - able to keep net profit outlook? CTP: Good results, guidance reiterated. DEME Group: 3Q24 preview - keeping the FY outlook. Exor: Ferrari hitting Chinese wall. IBA: Contract win for E-beam sterilisation solution in the Dominican Republic. Kendrion: 3Q24 preview - harsh end markets but easy comps. Proximus: 2025 price increases on the high side, more asset sales in the pipeline. Solvay: 3Q24 results beat by 4% bu...
- Guy Sips
- Jacob Mekhael
- Kristof Samoy
- Lynn Hautekeete
- Michiel Declercq
- Thibault Leneeuw
- Wim Hoste
- Wim Lewi
- Stefano Toffano
Solvay : A resilient performance masked by tough comps
>Und. EBITDA beat mostly driven by cost savings - Another good set of results for Solvay, with Q3 group revenues of € 1,156m (+1% vs ccs) reflecting +3.9% yoy organic growth mainly as a consequence of lower prices (-4.3% yoy), offset by good volume growth (+8.2% yoy) on the back of much improved comps. Q3 24 underlying EBITDA came in again stronger than expected at € 259m (-9.7% yoy, -0.3% organically), with the delta a.o. driven by the exit from the thermal insulatio...
- Wim Hoste
Solvay FIRST LOOK: 3Q benefits from low corporate cost, guidance narro...
3Q uEBITDA was flat organically which was in line with our forecast and c. 4% above consensus, driven entirely by a big beat in the lumpy Corporate line whilst both Basic Chemicals and Performance Chemicals came in below expectations. Solvay now expects to come in at the high end of its FY uEBITDA decline range of -10-15%, supported by additional savings. An interim dividend of € 0.97 has been announced. Solvay is a base chemicals group with leading market and technology positions in the vast ma...
Solvay third quarter 2024 results
Solvay third quarter 2024 results Press release - Regulated information published on November 6, 2024, at 7:00 a.m. CET Sound financial performance with acceleration of costs savingsConfirmation of the full year 2024 EBITDA and FCF guidance Highlights Net sales in Q3 2024 amounted to €1,156 million, up +3.9% organically versus Q3 2023, with a positive impact from volumes for the third consecutive quarter, while prices were down year on year. Underlying EBITDA in Q3 2024 was stable at €259 million (-0.3% year on year organically), with a moderate negative Net pricing be...
Resultaten Solvay van het derde kwartaal 2024
Resultaten Solvay van het derde kwartaal 2024 Persbericht - Gereglementeerde informatie, gepubliceerd op 6 november 2024, om 7u00 CET Solide financiële prestaties met versnelde kostenbesparingenBevestiging van prognoses inzake EBITDA en vrije kasstroom voor het hele jaar 2024 Hoogtepunten De netto-omzet in Kw3 2024 bedroeg €1 156 miljoen, +3,9% organisch ten opzichte van Kw3 2023, met een positieve invloed van de volumes voor het derde achtereenvolgende kwartaal, terwijl de prijzen daalden op jaarbasis. De onderliggende EBITDA in Kw3 2024 was stabiel op €...
Solvay : résultats de Solvay du troisième trimestre 2024
Solvay : résultats de Solvay du troisième trimestre 2024 Communiqué de presse - Information réglementée publiée le 6 novembre 2024 à 7h00 CET Des performances financières saines avec l'accélération des économies de coûts Confirmation des prévisions d'EBITDA et de FCF pour l'année 2024 Faits marquants Le chiffre d'affaires net du T3 2024 s'élève à €1 156 millions, en hausse organique de +3,9% par rapport au T3 2023, avec un impact positif des volumes pour le troisième trimestre consécutif, alors que les prix sont en baisse d'une année sur l'autre. L'EBITDA sous-jacent au T3 ...
Participation notification by UBS Group AG
Participation notification by UBS Group AG Brussels, October 14, 2024, 17:45 CEST - Regulated information In line with Belgian transparency legislation (Law of May 2, 2007), UBS Group AG recently sent to Solvay the following transparency notifications indicating that they crossed different thresholds. Here is a summary: Date on which the threshold was crossed Voting rights after the transaction Equivalent financial instruments after the transaction Total after the transaction October 4, 2024 0.54% 4.72% ...
Notification de participation par UBS Group AG
Notification de participation par UBS Group AG Bruxelles, le 14 octobre 2024 - 17h45 CEST - Information réglementée Conformément à la législation et réglementation en matière de transparence financière (loi du 2 mai 2007), UBS Group AG a envoyé récemment à Solvay les notifications de transparence suivantes indiquant avoir franchi différents seuils. Voici un résumé: Date à laquelle le seuil a été franchi Droits de vote après la transaction Instruments financiers équivalents après la transaction Total après la transaction 4 october 2024 0,54% 4,72%...
Participatiemelding van UBS Group AG
Participatiemelding van UBS Group AG Brussel, 14 oktober 2024 - 17u45 CET - Gereglementeerde informatie In overeenstemming met de Belgische transparantiewetgeving (Wet van 2 mei 2007) heeft UBS Group AG onlangs twee transparantiekennisgevingen naar Solvay gestuurd om aan te geven dat ze verschillende drempels heeft overschreden. Hier is een samenvatting: Datum van drempeloverschrijding Stemrechten na de transactie Aan stemrechten gelijkgestelde financiële instrumenten na de transactie Totaal 4 oktober 2024 0,54% 4,72% 5,26% 7 oktober 2024 / / / De meest recente kenni...
- Guy Sips
- Jacob Mekhael
- Kristof Samoy
- Lynn Hautekeete
- Michiel Declercq
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
Dynamic Top Pick List Update October 2024 – Adding NN Group
We maintain a defensive stance on the market for 2H24. The long anticipated expectations for interest rate cuts by central banks will finally come to pass. The election fever in the US is reaching boiling point and the conversations are becoming more polarised than before. Also corporate profit growth in Europe slows and the French elections have cast a negative spell. In Germany by-elections in the Eastern part showed a shift to extreme right and left that will make budget decisions even more ...
BEKB BEKAERT SA
ABN ABN AMRO BANK NV DEPOSITARY RECEIPTS
FAGR FAGRON SA
EVS EVS BROADCAST EQUIPMENT SA
XIOR XIOR STUDENT HOUSING N.V.
SOLB SOLVAY SA
COFB COFINIMMO SA
DIE D'IETEREN SA
SOF SOFINA SA
IBAB ION BEAM APPLICATIONS SA
ACKB ACKERMANS & VAN HAAREN NV
KIN KINEPOLIS GROUP NV
NN NN GROUP N.V.
TINC TINC COMM. VA
FUR FUGRO NV
SYENS SYENSQO
Solvay: acquisition of own shares and completion of the share buyback ...
Solvay: acquisition of own shares and completion of the share buyback program Brussels, October 1, 2024, 6:30pm CEST - regulated information In accordance with article 8:4 of the Royal Decree of 29 April 2019 executing the Belgian Code of Companies and Associations, Solvay SA hereby discloses certain information in relation to its Share Buyback Program, announced on August 1, 2024. Solvay has repurchased 161,273 Solvay shares in the period from September 23, 2024 up to and including October 1, 2024, as follows: Date of repurchase Number of shares Average price paid Max price pa...
Solvay: acquisition d’actions propres et achèvement du programme de ra...
Solvay: acquisition d’actions propres et achèvement du programme de rachat d’actions Bruxelles, le 1 october 2024 - 18h30 CEST -) Information réglementée Conformément à l'article 8:4 de l'arrêté royal du 29 avril 2019 exécutant le Code belge des sociétés et des associations, Solvay SA publie certaines informations relatives à son programme de rachat d'actions, annoncé le 1er août 2024. Solvay a racheté 161 273 actions Solvay au cours de la période allant du 23 septembre 2024 au 1er octobre 2024 inclus, comme suit : Date d’achatNombre d’actionsPrix moyen payéPrix max payéPrix min payéTot...
Solvay: verwerving van eigen aandelen en voltooiing van het aandelenin...
Solvay: verwerving van eigen aandelen en voltooiing van het aandeleninkoopprogramma Brussel, 1 oktober 2024 - 18u30 CEST - Gereglementeerde informatie In overeenstemming met artikel 8:4 van het Koninklijk Besluit van 29 april 2019 tot uitvoering van het Belgisch Wetboek van Vennootschappen en Verenigingen, maakt Solvay NV hierbij bepaalde informatie bekend in verband met haar programma voor de inkoop van eigen aandelen, aangekondigd op 1 augustus 2024. Solvay heeft 161 273 Solvay-aandelen teruggekocht in de periode van 23 september 2024 tot en met 1 oktober 2024, als volgt: Datum van aa...
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