reports
- Emmanuel Matot
- Marc Lavaud
- Michael Foundoukidis
- ING Helpdesk
Benelux Morning Notes
Aalberts: highlights ING Benelux Conference Brussels 2024, Ackermans & Van Haaren: Highlights ING Benelux Conference Brussels,Ackermans & Van Haaren: Strong operational performance of underlying companies and guidance fine-tuned upwards, AMG: Highlights ING Benelux Conference Brussels, Aperam: Highlights ING Benelux Conference Brussels, Arcadis: Highlights ING Benelux conference, Azelis: Highlights ING Benelux Conference Brussels, Bekaert: Guidance cut and €200m buyback as sweetener, CFE: No new...
BEKB BEKAERT SA
APAML APERAM SA
EVS EVS BROADCAST EQUIPMENT SA
DIE D'IETEREN SA
CFEB COMPAGNIE D'ENTREPRISES CFE SA
ACKB ACKERMANS & VAN HAAREN NV
ARCAD ARCADIS NV
MONT MONTEA SCA
AALB AALBERTS N.V.
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
MELE MELEXIS NV
TWEKA TKH GROUP N.V. CERT
KIN KINEPOLIS GROUP NV
INX IMCD N.V.
JDEP JDE PEET'S NV
UMG UNIVERSAL MUSIC GROUP NV
AZE AZELIS GROUP NV
- Thijs Berkelder
CFE : Q3 sales and order book update: better than expected
>Q3 sales better than expected, solid order book - In its Q3 sales and order book update, the company reported total sales of €265.7m which represents a beat of 5% versus our estimate of €253.6m and 4% css BB css (2 estimates). That €265.7m in sales also implies growth of 1.1% yoy whereas sales in H1 2024 still declined by 6.4%. Real-estate development showed a solid year over year improvement but multitechnics and construction and renovation saw revenues decline yoy ...
- Hilde Van Boxstael
- Jacob Mekhael
- Kristof Samoy
- Michiel Declercq
- Sharad Kumar S.P
- Wim Hoste
- Wim Lewi
ASSEMBLÉE GÉNÉRALE MIXTE D’EUTELSAT COMMUNICATIONS
PARIS--(BUSINESS WIRE)-- Regulatory News: L'Assemblée générale annuelle ordinaire et extraordinaire des actionnaires d'Eutelsat Communications (ISIN : FR0010221234 - Euronext Paris / London Stock Exchange : ETL) réunie ce jour a approuvé l’ensemble des résolutions proposées, notamment : L’approbation des comptes ; Renouvellement du mandat de Madame Eva Berneke en qualité d’administratrice ; Ratification de la nomination de la société Hanwha Systems UK Limited (représentée par Mme Joo-Yong Chung) en qualité d’administratrice ; Nomination d’Ernst & Young et Autres et Forvis Mazars ...
- Tijs Hollestelle
DEME Group/Flush with cash/BUY
DEME's 3Q24 trading update surprised on the upside as the company increased its 2024 revenue guidance for the second time this year. With DEME reiterating its EBITDA margin guidance, we increase our FY24F EBITDA estimate by 12% to €740m. We have not changed our 2025-26 revenue and EBITDA estimates, not because we are worried about end market fundamentals, but rather that this is how DEME's project-based business model works. Most important in our view is that DEME also lowered its capex guidance...
- Martial Descoutures
- Oussema Denguir
MC LVMH MOET HENNESSY LOUIS VUITTON SE
DKSH DKSH HOLDING AG
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
F3C SFC ENERGY AG
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
01913 PRADA S.P.A.
GREEN GREENYARD NV
MONC MONCLER SPA
EDR EDREAMS ODIGEO SA
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
SLR SOLARIA ENERGIA Y MEDIO AMBIENTE S.A.
VOS VOSSLOH AG
EFIC1 EUROPEAN FINTECH IPO CO 1 BV
AELIS AELIS FARMA SA
NCH2 THYSSENKRUPP NUCERA AG & CO.
SPG SPRINGER NATURE AG & CO. KGAA
- Martial Descoutures
- Oussema Denguir
MC LVMH MOET HENNESSY LOUIS VUITTON SE
DKSH DKSH HOLDING AG
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
F3C SFC ENERGY AG
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
01913 PRADA S.P.A.
GREEN GREENYARD NV
MONC MONCLER SPA
EDR EDREAMS ODIGEO SA
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
SLR SOLARIA ENERGIA Y MEDIO AMBIENTE S.A.
VOS VOSSLOH AG
EFIC1 EUROPEAN FINTECH IPO CO 1 BV
AELIS AELIS FARMA SA
NCH2 THYSSENKRUPP NUCERA AG & CO.
SPG SPRINGER NATURE AG & CO. KGAA
- Julian Dobrovolschi
- Wim Gille
Azerion : Decent 3Q. Planning to hit the M&A accelerator again.
>Decent 3Q headline numbers - Revenues beat our fc by 3%, which was driven by a 2% beat on Platform revenues and a strong 18% beat in Premium Gaming. Within the Platform revenues the company increased advertising revenues by 26% (in part driven by M&A) while the AAA Game distribution revenues increased 5%. Due to mix effects (AAA Games is low margin and Premium Gaming is high margin) the Gross Profit margin came in at 34.5%, which is 160 bips better than our fc. Overa...
Azerion announces an update to its Supervisory Board and new additions...
Azerion announces an update to its Supervisory Board and new additions to its Executive Committee Azerion announces an update to its Supervisory Board and new additions to its Executive Committee Amsterdam, 19 November 2024 - Azerion announces today that Mr Chris Figee, Chairman of the Audit and Risk Committee and Supervisory Board Member, will be stepping down from his roles with Azerion with effect from the end of November 2024. This is due to Mr Figee’s additional commitments and responsibilities as CFO and Supervisory Board member of other firms. With effect from the end of November 2...
Azerion publishes Interim Unaudited Financial Results Q3 2024 and Year...
Azerion publishes Interim Unaudited Financial Results Q3 2024 and Year to Date Q3 2024 Robust Platform performance driving growth Highlights of Q3 2024 In Q3 2024 we have not only increased our revenues but also continued to improve and develop our portfolio of clients, technologies and partnerships; Increased client spend generated € 124.8 million of revenues, up 22.6% Year on Year.Signed 115 new publishers and connected 4 additional SSPs and 6 DSPs to expand our digital audiences across Europe and the Americas.Continued delivery on the product roadmap i...
- Thijs Berkelder
- Usama Tariq
ODDO BHF Small & MIDCAP MORNING NEWS - Date1
We initiate coverage of Heijmans, a contractor focused on the Dutch market, with an Outperform rating and a TP of € 36.5 (DCF based). The Dutch residential market is finally recovering, and we believe Heijmans is well-positioned to benefit due to its land bank and property development arm, driving up revenues while EBITDA margins are expected to exceed 8.5% in the Living unit. Heijmans is also benefitting from strong demand from the infrastructure and energy markets, allowing for soli...
PBB DEUTSCHE PFANDBRIEFBANK AG
GBF BILFINGER SE
GYC GRAND CITY PROPERTIES SA
ITP INTERPARFUMS
SDF K+S AG
NEX NEXANS SA
IDIP INSTITUT DE DEVELOPPEMENT INDUSTRIEL SCA
ADN1 ADESSO AG
GNFT GENFIT SA
PAT PATRIZIA AG
SAX STROEER SE & CO. KGAA
NVG NAVIGATOR COMPANY SA
ASS APPLUS SERVICES S.A.
S92 SMA SOLAR TECHNOLOGY AG
CLA CLARANOVA SE
SRAIL STADLER RAIL AG
KTA KNAUS TABBERT
UPG UNIFIEDPOST GROUP
DEME DEME GROUP NV
AF AIR FRANCE - KLM
- Thijs Berkelder
- Usama Tariq
ODDO BHF Small & MIDCAP MORNING NEWS - 11/14/2024
We initiate coverage of Heijmans, a contractor focused on the Dutch market, with an Outperform rating and a TP of € 36.5 (DCF based). The Dutch residential market is finally recovering, and we believe Heijmans is well-positioned to benefit due to its land bank and property development arm, driving up revenues while EBITDA margins are expected to exceed 8.5% in the Living unit. Heijmans is also benefitting from strong demand from the infrastructure and energy markets, allowing for soli...
PBB DEUTSCHE PFANDBRIEFBANK AG
GBF BILFINGER SE
GYC GRAND CITY PROPERTIES SA
ITP INTERPARFUMS
SDF K+S AG
NEX NEXANS SA
IDIP INSTITUT DE DEVELOPPEMENT INDUSTRIEL SCA
ADN1 ADESSO AG
GNFT GENFIT SA
PAT PATRIZIA AG
SAX STROEER SE & CO. KGAA
NVG NAVIGATOR COMPANY SA
ASS APPLUS SERVICES S.A.
JST JOST WERKE AG
S92 SMA SOLAR TECHNOLOGY AG
CLA CLARANOVA SE
SRAIL STADLER RAIL AG
KTA KNAUS TABBERT
UPG UNIFIEDPOST GROUP
DEME DEME GROUP NV
AF AIR FRANCE - KLM
Eutelsat and Q-KON Sign New Multi-year Agreement to Expand LEO Service...
PARIS--(BUSINESS WIRE)-- Regulatory News: Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL), announces a new multi-year agreement with Q-KON, a leading satellite solutions and services provider, to expand Low Earth Orbit (LEO) satellite services across Sub-Saharan Africa. The agreement will further accelerate the delivery of high-speed, low-latency connectivity to specialized and underserved businesses and communities, particularly in Southern Africa. The expanded agreement with Q-KON builds on the successful 2023 incorporation of Eutelsat’s OneWeb LEO satel...
Eutelsat et Q-KON signent un nouveau partenariat pluriannuel pour appo...
PARIS--(BUSINESS WIRE)-- Regulatory News: Eutelsat Group (ISIN : FR0010221234 - Euronext Paris / London Stock Exchange : ETL) annonce la signature d'un nouvel accord pluriannuel avec Q-KON, acteur majeur dans la fourniture de solutions et de services satellitaires, afin d'étendre les services satellitaires en orbite terrestre basse (LEO) à l'ensemble de l'Afrique subsaharienne. Ce nouvel accord permettra d’accélérer le déploiement de services de connectivité à haut débit et à faible latence pour les entreprises et les communautés situées dans les zones mal desservies du continent africain, n...
- Delphine Brault
- Quentin Borie
Stadler Rail AG : Profit warning on 2024, 2025 and 2026 guidance scrap...
>A host of factors behind the warning, some of them external - The group yesterday evening announced a downgrade to its 2024 guidance, citing a range of reasons, among them:The flooding that severely affected production, particularly the flooding in Valencia (30 subcontractors for the Valencia plant affected, difficulty accessing the plant for some employees), the flooding of the plant of a supplier aluminium profiles, Constellium, in the Valais area (stoppage fo...
- ING Helpdesk
Benelux Morning Notes
Agfa-Geveart: Material miss on Healthcare activities. ASML: Long-term guidance confirmed. CVC Capital Partners: Comfortably on track. DEME Group: Raises outlook, lowers capex guidance. Proximus: Pressure on CEO from another possible coalition party. SBM Offshore: Again delivering
- Guy Sips
- Hilde Van Boxstael
- Lynn Hautekeete
- Thibault Leneeuw
- Wim Lewi
- Thijs Berkelder
DEME Group : Strong Q3 sales, 2024 sales guidance upped, EBITDA guidan...
>Very strong Q3 sales: beat of 16% and yoy growth of 40% - In its Q3 sales and order book update, DEME reported sales of €1.16bn, a beat of 16% versus our estimate (no css available). That €1.16bn in sales also means YoY growth of 39.9%, a clear acceleration versus growth in the first 6 months of 2024 which amounted to 29.9%. Offshore Energy did extremely well with YoY growth in Q3 of 86% (H1 2024 YoY growth was 38%) driven by higher capacity (fleet extensions) and hi...
- Delphine Brault
- Quentin Borie
Stadler Rail AG : Profit warning sur 2024, guidance 2025 & 2026 abando...
>Une multitude de facteurs derrière le warning, certains exogènes - Le groupe a annoncé hier soir la révision en baisse de ses objectifs 2024, il met en avant une multitude de raisons, parmi lesquelles :Les intempéries qui ont fortement affecté la production, notamment les inondations à Valence (30 sous-traitants de l’usine de Valence touchés, accès à l’usine difficile pour certains salariés), l’inondation de l’usine du sous-traitant en aluminium Constellium dans...
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