Having flirted with the 495-point mark on Friday, which could have triggered an extension of the correction, the market has rebounded well since then. Our technical analysis highlights a configuration in which we are only at the start of a powerful rally. Target of 622 points for Stoxx 600 index (+11%) by the end of the year confirmed. Prefer banks to insurance companies in the short term. - ...
Après avoir frôlé vendredi la barre des 495 points qui aurait pu déclencher la poursuite de la correction, le marché a ensuite bien rebondi. Notre analyse technique met en lumière une configuration où nous ne serions qu’au début d’un rallye puissant. Objectif 622 points (+11%) d’ici à la fin de l’année confirmé sur le Stoxx 600. Préférer les banques aux assurances à court terme. - ...
>Q1 sales at -5.9% with organic growth of just +1.4% - Nestlé posted very poor Q1 results well below expectations which had been already lowered during the last 4 weeks. Reported net sales came in at CHF 22,092m at -5.9% (VA consensus at -3.8% and ODDO BHF at -3.2%) with FX at -6.7%, a scope effect of -0.6% and organic growth at a very low level of +1.4% (VA css at +3.1% and ODDO BHF at +2.6%). Q1 organic growth of just +1.4% was driven by a negative volume mix ...
>Q1 sales at -5.9% with organic growth of just +1.4% - Nestlé posted very poor Q1 results well below expectations which had been already lowered during the last 4 weeks. Reported net sales came in at CHF 22,092m at -5.9% (VA consensus at -3.8% and ODDO BHF at -3.2%) with FX at -6.7%, a scope effect of -0.6% and organic growth at a very low level of +1.4% (VA css at +3.1% and ODDO BHF at +2.6%). Q1 organic growth of just +1.4% was driven by a negative volume mix ...
Nestlé reports three-month sales for 2024 [Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in and Follow today's event live 14:00 CEST Full details on our ............. Vevey, April 25, 2024 Nestlé reports three-month sales for 2024 Organic growth of 1.4%, with pricing of 3.4% and real internal growth (RIG) of -2.0%.Total reported sales were CHF 22.1 billion, a decrease of 5.9% (3M-2023: CHF 23.5 billion). Foreign exchange decreased sales by 6.7%. Net divestitures had a negative impact of 0.6%.Overall, organic sales growth for the Group was dr...
ASM International: 1Q24 results - better on all fronts. Heineken: Uphill from here. KPN: 1Q24 in line, guidance slightly increased on Youfone acquisition. Melexis: 1Q24 results in line a relief. Universal Music Group: Spotify 1Q24 Results and guidance beat on margins. Vopak: Good progress to start the year. Wereldhave: 1Q24 LFL slows sharply
>Q1 2024 results beat forecasts, due to a record gross margin link to a record contribution from China - Q1 2024 revenue was € 639m, up +2% q-o-q, but -8% y-o-y, above the consensus at € 628m. The gross margin was 52.9% well above the consensus at 48.4%. This improvement (vs Q4 2023 to 47.9%) principally stems from the mix and notably the contribution from China (a record level but not quantified). EBIT was € 192m (operating margin of 29.3%), i.e. 27% above the conse...
>Des résultats T1 24 supérieurs aux attentes, du fait d’une marge brute record, liée à un poids record de la Chine - Le CA T1 24 ressort à 639 M€, à +2% qoq, mais à -8% yoy, > au consensus à 628 M€. La marge brute s’établit à 52,9% significativement > au consensus à 48.4%. Cette amélioration (vs T4 23 à 47,9%) découle principalement du mix et notamment de la contribution de la Chine (à un niveau record mais non précisé). L’EBIT ressort à 192 M€ (MOP de 29,3%), soit 2...
Q1 beats vs. DP/CSS by: sales 2%, GP 10-11%, EBITA 24-27%, orders 6%Sales guidance Q2 and H2 lifted. At the midpoint of Q2, H2 guidance implies FY24 sales of at least EUR 2,770m. CSS is EUR 2,772mEstimates raised, TP slightly lifted, Hold reiterated
ASM reports first quarter 2024 Almere, The Netherlands April 23, 2024, 6 p.m. CET Solid start of the year, Q1 orders supported by GAA and HBM ASM International N.V. (Euronext Amsterdam: ASM) today reports its Q1 2024 results (unaudited). Financial highlights € million Q1 2023 Q4 2023 Q1 2024 New orders 647.4 677.5 697.9 yoy change % at constant currencies (6%) (14%) 10% Revenue 710.0 632.9 639.0 yoy change % at constant currencies 40% (7%) (8%) Gross profit margin % 49.4 % 47.2 % 52.9 % Adjusted gross profit margin ...
In the run-up to the 2024 Summer Olympic Games and Euro 2024 football tournament, we have identified six stocks to favour: JCDecaux, Accor, Sodexo, adidas, Unibail-Rodamco-Westfield and easyJet. While these two major sporting events are not expected to have a significant impact on the host economies in the medium term, the microeconomic and sectoral impacts should be more marked. The tourism, transport, beverages and consumer goods sectors are expected to be the main winners. Som...
En amont des Jeux Olympiques d’été et de l’Euro de football 2024, nous identifions 6 valeurs à privilégier : JCDecaux, Accor, Sodexo, adidas, Unibail-Rodamco-Westfield et easyJet. Alors que ces deux évènements sportifs majeurs ne devraient pas avoir d’impact significatif sur les économies hôtes à moyen terme, les impacts microéconomiques et sectoriels devraient être plus marqués. Les secteurs du tourisme, des transports, des boissons et des biens de consommation devraient être l...
EPS growth prospects are brighter in the US than in Europe, which is justified given the differential in the growth and inflation outlook between the two regions. However, the adjustment that has taken place on EPS in Europe is a positive factor: we are now "at the price" ahead of the cyclical recovery that is taking shape for the rest of 2024. Sector-wise, the ongoing upward revision of EPS in travel & leisure, banks and media is expected to continue apace and provide support for sec...
Les perspectives de croissance des BPA sont supérieures aux Etats-Unis qu’en Europe, ce qui est justifié étant donné le différentiel de perspectives de croissance et d’inflation entre les deux zones. L’ajustement qui a eu lieu sur les BPA en Europe est toutefois un facteur positif : nous sommes désormais « au prix » avant la reprise cyclique qui se dessine pour la suite de 2024. Sectoriellement, la révision à la hausse en cours des BPA sur le Travel & Leisure, les banques et les Media...
>No particular surprises for the Q1 2024 earnings release - ASMi will publish its Q1 2024 results on 23/04 at 6.00pm CET and will hold a conference call on 24/04 at 3.00pm CET. We do not anticipate any surprises on either earnings or orders. The group said that it expected H1 to be stable, with Q1 and Q2 sales at € 600-640m. We therefore look for Q1 sales of € 625m, a gross margin of 48.8% and EPS of € 2.70. The consensus is close at € 628m, 48.3% and € 2.73, respect...
>Pas de surprise particulière à la publication du T1 24, - ASMi publiera ses résultats T1 24 le 23/04 à 18h00 CET et tiendra une conférence call le 24/04 à 15h00 CET. Nous n’attendons pas de surprise, ni sur les résultats, ni sur les commandes. Le groupe avait indiqué anticiper un S1 stable, avec un CA T1 et T2 à 600/640 M€. Nous tablons donc sur un CA T1 de 625 M€, une MB de 48,8% et un BPA de 2,70 €. Le consensus est proche à respectivement 628 M€, 48,3% et 2,73€. ...
Nestlé announces retirement of Marco Settembri, appointment of Guillaume Le Cunff as CEO Zone Europe [Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in and ............. Nestlé announces retirement of Marco Settembri, appointment of Guillaume Le Cunff as CEO Zone Europe Vevey, April 18, 2024 Marco Settembri, Executive Vice President and Chief Executive Officer Zone Europe, will take a well-deserved retirement after a distinguished career of over 36 years at Nestlé. He will step down from the Group Executive Board on June 30, 2024. Since joining ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.