PARIS LA DÉFENSE--(BUSINESS WIRE)-- Regulatory News: ELIOR GROUP (Paris:ELIOR): Date Nombre d’actions1 Nombre total de droits de vote 30 avril 2024 253 611 809 Total brut de droits de vote : 253 611 809 Total net2 de droits de vote : 253 563 584 Il est rappelé qu’outre l’obligation légale d’informer la Société de la détention de certaines fractions du capital ou des droits de vote, toute personne physique ou morale ou tout actionnaire qui viendrait à détenir directement ou indirectement, seul ou de concert au sens des articles L. 233-10 et s...
>Organic growth and H1 margin expected above the FY 2024 guidance (favourable H1 seasonality), which should underpin the group’s targets - Elior will publish its H1 2024 results (October 2023 to March 2024) on 16 May before the start of trading. We forecast revenues of € 3,100m (company consensus € 3,109m), with total growth of 25% of which 6.5% organic (consensus 5.7%). This should be driven mainly by the catering division (+6.6%e organic vs +5.2% for multiservices),...
>Croissance organique et marge S1 attendues au-dessus de la guidance FY 24 (saisonnalité S1 favorable), ce qui devrait conforter les objectifs du groupe - Elior publiera ses résultats S1 24 (période octobre 2023 à mars 2024) le 16 mai avant Bourse. Nous attendons un CA de 3 100 M€ (consensus société 3 109 M€), en croissance totale de 25% dont 6.5% en organique (consensus 5.7%). Celle-ci sera tirée principalement par la division Catering (+6.6%e en organique vs +5.2% p...
>Weak results on operating deleverage and high cork costs partially offset by mix effects, industrial efficiency and lower non-cork costs - Corticeira’s Q1 2024 results were weak (EBITDA -8.7% y-o-y) as anticipated on subdued activity levels across most of the units, particularly the Cork Stopper (-10.4%) and Flooring (-16.5%) segments. Increased cork prices and operating deleverage pressured profitability, but the EBITDA margin performed positively with the EBITDA ma...
Unifiedpost is a niche SaaS player in the e-invoicing and procurement channel space. Regulatory headwinds mean this market is ripe for growth, which should benefit Unifiedpost. Due to some unsuccessful past M&A, the company is in a challenging financial position today. However, it has recently embarked on a divestment path, aiming to streamline the business and improve its fundamentals. We like the new direction, however prefer to take a wait-and-see approach. - ...
1Q'24 vs. 1Q'23 Results Sales: € 151.2 M (-25.0% vs. -25.6% BS(e) and -24.5% consensus); EBITDA: € 25.9 M (-61.1% vs. -62.9% BS(e) and -61.7% consensus); EBIT: € 19.3 M (-68.2% vs. -69.8% BS(e) and -68.0% consensus); Net Profit: € 15.0 M (-68.4% vs. -70.1% BS(e) and -70.5% consensus);
Unifiedpost is a niche SaaS player in the e-invoicing and procurement channel space. Regulatory headwinds mean this market is ripe for growth, which should benefit Unifiedpost. Due to some unsuccessful past M&A, the company is in a challenging financial position today. However, it has recently embarked on a divestment path, aiming to streamline the business and improve its fundamentals. We like the new direction, however prefer to take a wait-and-see approach. - ...
>Overall sales momentum deteriorates materially on very weak CMO, as expected - Total revenues decreased -25% y-o-y in Q1 2024 reaching € 151m, broadly aligned with our estimates and the consensus (-1% and -1% respectively) and posting a 22pp sequential deterioration (vs -3% in Q4, +10% in Q3 and +2% in Q2) due to a tough comp on CMO. In the LMWH franchise, Becat posted a material sequential deterioration after a strong Q4 (-1% vs +18% in Q422) while Hibor also poste...
Rdos. 1T'24 vs 1T'23: Ventas: 151,2 M euros (-25,0% vs -25,6% BS(e) y -24,5% consenso); EBITDA: 25,9 M euros (-61,1% vs -62,9% BS(e) y -61,7% consenso); EBIT: 19,3 M euros (-68,2% vs -69,8% BS(e) y -68,0% consenso); BDI: 15,0 M euros (-68,4% vs -70,1% BS(e) y -70,5% consenso).
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AENA, AMADEUS, ENDESA, FERROVIAL, FLUIDRA, NATURGY, ROVI, TALGO. EUROPA: AB INVEB, BMW, MUNICH RE. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 1T’24 que se publicarán en España y Europa en los próximos días. Continúa el rebote en Europa Las bolsas europeas continuaron con el rebote de comienzos de seman...
NEWS SUMMARY: AENA, AMADEUS, ENDESA, FERROVIAL, FLUIDRA, NATURGY, ROVI, TALGO. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 1Q’24 results to be released over the coming days in Spain. The rally in Europe continues European stock markets continued to rally at the start of the week while sovereign debt yields continued to fall, bringing the IBEX back above 11,000 points. With...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: FERROVIAL, ROVI. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 1T’24 que se publicarán en España y Europa en los próximos días. La periferia europea se desinfla en bolsa Comportamiento mixto en las bolsas a ambos lados del Atlántico, con buena evolución en América, pero algo más pobre en Eurozona, lastrad...
NEWS SUMMARY: FERROVIAL, ROVI. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 1Q’24 results to be released over the coming days in Spain. European peripheral stock markets fall Mixed stock market performance on both sides of the Atlantic, with solid performance in North America, but weaker in the euro zone, which was dragged down by peripheral nations, where the IBEX/MiB clos...
Deutz is a leading non-captive engine manufacturer for a wide range of customer industries with a strong and very well-known brand. The company will enter a profitable growth period soon (CAGR 2023-26e sales 8%, EPS 18%). We initiate coverage with an Outperform rating and a target price of € 7.9, reflecting >40% upside from here. - ...
Deutz is a leading non-captive engine manufacturer for a wide range of customer industries with a strong and very well-known brand. The company will enter a profitable growth period soon (CAGR 2023-26e sales 8%, EPS 18%). We initiate coverage with an Outperform rating and a target price of € 7.9, reflecting >40% upside from here. - ...
NEWS SUMMARY: ACCIONA, ACCIONA ENERGÍA, CAF, CELLNEX, FERROVIAL, IBERDROLA, ROVI. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 1Q’24 results to be released over the coming days in Spain. Results and macro data drag down stock markets After three straight days of gains, the business results and the macro data in the US led to stock market losses on both sides of the Atlanti...
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