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Roy Külter ... (+2)
  • Roy Külter
  • Steven Boumans
LI KLEPIERRE SA
COV COVIVIO SA
OUT1V OUTOKUMPU OYJ
GFC GECINA SA
NXI NEXITY SA CLASS A
FLY SOCIETE FONCIERE LYONNAISE SA
GYC GRAND CITY PROPERTIES SA
MERY MERCIALYS SA
ALDEL DELFINGEN INDUSTRY SA
WHA WERELDHAVE N.V.
BLND BRITISH LAND COMPANY PLC
VRAP VRANKEN-POMMERY MONOPOLE SA
LNA LNA SANTE SA
KOF KAUFMAN & BROAD SA
ALTA ALTAREA SCA
VNA VONOVIA SE
XIOR XIOR STUDENT HOUSING N.V.
ICAD ICADE SA
BYG BIG YELLOW GROUP PLC
COFB COFINIMMO SA
VRNL VERNEUIL PARTICIPATIONS
CAI CA IMMOBILIEN ANLAGEN AG
TEG TAG IMMOBILIEN AG
VASTB VASTNED RETAIL BELGIUM NV
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
PSPN PSP SWISS PROPERTY AG
UBS UBM DEVELOPMENT AG
SPSN SWISS PRIME SITE AG
PAT PATRIZIA AG
MONT MONTEA SCA
AED AEDIFICA SA
SLIGR SLIGRO FOOD GROUP N.V.
CARM CARMILA SAS
LEG LEG IMMOBILIEN AG
MCPHY MCPHY ENERGY SA
CPINV CARE PROPERTY INVEST SA
SAFE SAFESTORE HOLDINGS PLC
ARG ARGAN SA
VGP VGP NV
COL INMOBILIARIA COLONIAL SOCIMI SA
DIC DIC ASSET AG
MERLIN MERLIN PROPERTIES SOCIMI S.A.
DKG DEUTSCHE KONSUM REIT-AG
IBG IBERPAPEL GESTION S.A.
HOME NEINOR HOMES SA
AT1 AROUNDTOWN SA
IMP IMPACT DEVELOPER & CONTRACTOR S.A.
LAND LAND SECURITIES GROUP PLC
MVC METROVACESA SA
NSI NSI N.V.
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
INS INSTONE REAL ESTATE GROUP AG
AEDAS AEDAS HOMES SA
S30 SOLUTIONS 30 SE
VK VALLOUREC SA
KTA KNAUS TABBERT
WDP WAREHOUSES DE PAUW SCA
ECMPA EUROCOMMERCIAL PROPERTIES NV
CTPNV CTP NV
ONE ONE UNITED PROPERTIES SA
IOS IONOS GROUP SE
SHUR SHURGARD SELF STORAGE LIMITED
ACAG AUSTRIACARD HOLDINGS AG
TEN TENARIS S.A.
Roy Külter ... (+2)
  • Roy Külter
  • Steven Boumans
LI KLEPIERRE SA
COV COVIVIO SA
OUT1V OUTOKUMPU OYJ
GFC GECINA SA
NXI NEXITY SA CLASS A
FLY SOCIETE FONCIERE LYONNAISE SA
GYC GRAND CITY PROPERTIES SA
MERY MERCIALYS SA
ALDEL DELFINGEN INDUSTRY SA
WHA WERELDHAVE N.V.
BLND BRITISH LAND COMPANY PLC
VRAP VRANKEN-POMMERY MONOPOLE SA
LNA LNA SANTE SA
KOF KAUFMAN & BROAD SA
ALTA ALTAREA SCA
VNA VONOVIA SE
XIOR XIOR STUDENT HOUSING N.V.
ICAD ICADE SA
BYG BIG YELLOW GROUP PLC
COFB COFINIMMO SA
VRNL VERNEUIL PARTICIPATIONS
CAI CA IMMOBILIEN ANLAGEN AG
TEG TAG IMMOBILIEN AG
VASTB VASTNED RETAIL BELGIUM NV
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
PSPN PSP SWISS PROPERTY AG
UBS UBM DEVELOPMENT AG
SPSN SWISS PRIME SITE AG
PAT PATRIZIA AG
MONT MONTEA SCA
AED AEDIFICA SA
SLIGR SLIGRO FOOD GROUP N.V.
CARM CARMILA SAS
LEG LEG IMMOBILIEN AG
MCPHY MCPHY ENERGY SA
CPINV CARE PROPERTY INVEST SA
SAFE SAFESTORE HOLDINGS PLC
ARG ARGAN SA
VGP VGP NV
COL INMOBILIARIA COLONIAL SOCIMI SA
DIC DIC ASSET AG
MERLIN MERLIN PROPERTIES SOCIMI S.A.
DKG DEUTSCHE KONSUM REIT-AG
IBG IBERPAPEL GESTION S.A.
HOME NEINOR HOMES SA
AT1 AROUNDTOWN SA
IMP IMPACT DEVELOPER & CONTRACTOR S.A.
LAND LAND SECURITIES GROUP PLC
MVC METROVACESA SA
NSI NSI N.V.
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
INS INSTONE REAL ESTATE GROUP AG
AEDAS AEDAS HOMES SA
S30 SOLUTIONS 30 SE
VK VALLOUREC SA
KTA KNAUS TABBERT
WDP WAREHOUSES DE PAUW SCA
ECMPA EUROCOMMERCIAL PROPERTIES NV
CTPNV CTP NV
ONE ONE UNITED PROPERTIES SA
IOS IONOS GROUP SE
SHUR SHURGARD SELF STORAGE LIMITED
ACAG AUSTRIACARD HOLDINGS AG
TEN TENARIS S.A.
Baptiste Salaville ... (+4)
  • Baptiste Salaville
  • Charlotte Vaisse
  • Emmanuel Matot
  • Marc Lavaud
NDX1 NORDEX SE
IPS IPSOS
TKA THYSSENKRUPP AG
MT ARCELORMITTAL SA
BEKB BEKAERT SA
AAL ANGLO AMERICAN PLC
SOP SOPRA STERIA GROUP SA
SLB.N SCHLUMBERGER NV
APAML APERAM SA
OUT1V OUTOKUMPU OYJ
GTT GAZTRANSPORT & TECHNIGAZ SA
SSAB A SSAB AB CLASS A
MF WENDEL SE
SZG SALZGITTER AG
ITP INTERPARFUMS
FII LISI SA
FNAC FNAC DARTY SA
VOE VOESTALPINE AG
ACX ACERINOX SA
G24 SCOUT24 AG
ERA ERAMET SA
P2F PETROFAC LIMITED
IMPN IMPLENIA AG
POS PORR AG
GLB GLANBIA PLC
CFEB COMPAGNIE D'ENTREPRISES CFE SA
SUN SULZER AG
VRNL VERNEUIL PARTICIPATIONS
TUB TUBACEX S.A.
HEIJM HEIJMANS N.V. CERT
SOC
SIX2 SUBSEA 7 S.A.
CTAC SIXT SE
AIXA CTAC N.V.
NDA AIXTRON SE
FTON AURUBIS AG
WIE FEINTOOL INTERNATIONAL HOLDING AG
VLK WIENERBERGER AG
SBO VAN LANSCHOT KEMPEN NV CERT. OF SHS
SESL SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
AALB SES-IMAGOTAG SA
AMG AALBERTS N.V.
FDR AMG ADVANCED METALLURGICAL GROUP N.V.
SIGHT FLUIDRA S.A.
CON GENSIGHT BIOLOGICS SA
TGS CONZZETA AG
CSM TGS-NOPEC GEOPHYSICAL COMPANY ASA
TRE CORBION NV
IDR TECNICAS REUNIDAS SA
RIO INDRA SISTEMAS S.A. CLASS A
TEC RIO TINTO PLC
BHP TECHNIPFMC PLC
HOME BHP GROUP LTD
BFSA NEINOR HOMES SA
AMAG BEFESA SA
CAF AMAG AUSTRIA METALL AG
GRE CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A.
DSC1 GRENERGY RENOVABLES
HAG DUTCH STAR C SHAR
VK HENSOLDT AG
UPG VALLOUREC SA
AML UNIFIEDPOST GROUP
TE ASTON MARTIN LAGONDA GLOBAL HOLDINGS
EFIC1 TECHNIP ENERGIES NV
CTPNV EUROPEAN FINTECH IPO CO 1 BV
DEME CTP NV
SPM DEME GROUP NV
ADTN SAIPEM S.P.A.
TEN ADTRAN HOLDINGS INC
PLNW TENARIS S.A.
VIRI PLANISWARE
VIRIDIEN
Baptiste Salaville ... (+4)
  • Baptiste Salaville
  • Charlotte Vaisse
  • Emmanuel Matot
  • Marc Lavaud
NDX1 NORDEX SE
IPS IPSOS
TKA THYSSENKRUPP AG
MT ARCELORMITTAL SA
BEKB BEKAERT SA
AAL ANGLO AMERICAN PLC
SOP SOPRA STERIA GROUP SA
SLB.N SCHLUMBERGER NV
APAML APERAM SA
OUT1V OUTOKUMPU OYJ
GTT GAZTRANSPORT & TECHNIGAZ SA
SSAB A SSAB AB CLASS A
MF WENDEL SE
SZG SALZGITTER AG
ITP INTERPARFUMS
FII LISI SA
FNAC FNAC DARTY SA
VOE VOESTALPINE AG
ACX ACERINOX SA
G24 SCOUT24 AG
ERA ERAMET SA
P2F PETROFAC LIMITED
IMPN IMPLENIA AG
POS PORR AG
GLB GLANBIA PLC
CFEB COMPAGNIE D'ENTREPRISES CFE SA
SUN SULZER AG
VRNL VERNEUIL PARTICIPATIONS
TUB TUBACEX S.A.
HEIJM HEIJMANS N.V. CERT
SOC
SIX2 SUBSEA 7 S.A.
CTAC SIXT SE
AIXA CTAC N.V.
NDA AIXTRON SE
FTON AURUBIS AG
WIE FEINTOOL INTERNATIONAL HOLDING AG
VLK WIENERBERGER AG
SBO VAN LANSCHOT KEMPEN NV CERT. OF SHS
SESL SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
AALB SES-IMAGOTAG SA
AMG AALBERTS N.V.
FDR AMG ADVANCED METALLURGICAL GROUP N.V.
SIGHT FLUIDRA S.A.
CON GENSIGHT BIOLOGICS SA
TGS CONZZETA AG
CSM TGS-NOPEC GEOPHYSICAL COMPANY ASA
TRE CORBION NV
IDR TECNICAS REUNIDAS SA
RIO INDRA SISTEMAS S.A. CLASS A
TEC RIO TINTO PLC
BHP TECHNIPFMC PLC
HOME BHP GROUP LTD
BFSA NEINOR HOMES SA
AMAG BEFESA SA
CAF AMAG AUSTRIA METALL AG
GRE CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A.
DSC1 GRENERGY RENOVABLES
HAG DUTCH STAR C SHAR
VK HENSOLDT AG
UPG VALLOUREC SA
AML UNIFIEDPOST GROUP
TE ASTON MARTIN LAGONDA GLOBAL HOLDINGS
EFIC1 TECHNIP ENERGIES NV
DEME EUROPEAN FINTECH IPO CO 1 BV
SPM DEME GROUP NV
ADTN SAIPEM S.P.A.
TEN ADTRAN HOLDINGS INC
PLNW TENARIS S.A.
VIRI PLANISWARE
VIRIDIEN
Nicolas Thorez
  • Nicolas Thorez

Alan Allman Associates : Q3 sales slightly below forecasts. Focus on p...

>Q3 2024 sales of €87.9m, -1% reported by around c. -6% organic - AAA has reported Q3 2024 sales of € 87.9m, down a slight 1% y/y or c. 3% below our initial forecasts (ODDO BHF € 91m). The difference stemmed from a lower contribution from the acquisitions made over the past 12 months (relative to our forecasts) and a deeper than expected organic decrease, even though this was a slight improvement compared with Q2 given the positive calendar effect in particular. Indee...

Nicolas Thorez
  • Nicolas Thorez

Alan Allman Associates : CA T3 légèrement inférieur aux attentes. Focu...

>CA T3 2024 de 87.9 M€, -1% en publié mais de l’ordre de c. -6% en organique - AAA a généré au T3 2024 un CA de 87.9 M€, en légère baisse de 1% y/y, soit c. 3% en dessous de nos prévisions initiales (ODDO BHF 91 M€). Cet écart provient d’une moindre contribution des acquisitions réalisées sur les 12 derniers mois (par rapport à nos attentes), et d’une baisse org. plus forte que prévu, même si celle-ci s’améliore quelque peu en séquentiel grâce notamment à un effet cal...

Nicolas David ... (+2)
  • Nicolas David
  • Nicolas Thorez

ODDO : The sector recovery will be slower than expected in H2 2024 and...

The recovery in growth in the IT & engineering services sector is undermined by the still mixed macroeconomic climate and the setbacks in the automotive and aerospace sectors. The improvement in sector momentum will therefore be minimal in H2 2024 with a growing decorrelation between the US which should be robust and a stagnating Europe. This leads us to adopt a more cautious approach on companies in our sector (revision to our 2025 growth estimates for 12 companies) and to prefe...

Nicolas David ... (+2)
  • Nicolas David
  • Nicolas Thorez

ODDO : La recovery du secteur sera plus lente qu’attendu au S2 2024 et...

La reprise de la croissance du secteur IT & Engineering Services est mise à mal par un contexte macro toujours mitigé et par les déboires des secteurs Auto et Aéro. Ainsi, l’amélioration de la dynamique du secteur sera minimale au S2 2024 et probablement aussi au S1 2025, avec une décorrélation grandissante entre les US qui devraient être solides et une Europe stagnante. Ceci nous amène à adopter une approche plus prudente pour les sociétés de notre secteur (révision de croissanc...

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