reports
- Guy Sips
- Hilde Van Boxstael
- Lynn Hautekeete
- Michiel Declercq
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Guy Sips
Jensen-Group All-time high FY24 revenues forms a strong basis for FY25
In FY24, Jensen-Group achieved remarkable milestones, establishing new standards in both operational and financial performance. We maintain our Accumulate rating and have slightly increased our Target Price from €50 to €51.5, in line with our updated DCF, as we believe Jensen-Group can continue its consistent growth trajectory.
- Guy Sips
- Kristof Samoy
- Michiel Declercq
- Wim Hoste
Local Champions Midcap Conference Book 12.12.2024
This conference book is your guide to our annual Local Champions Mid Cap Conference set to take place on Thursday, 12 December 2024 at our historic building at Grand Place in Brussels. This event offers the possibility to have one-on-one meetings and/or attend small group sessions with the top management and/or IR of the following companies: BARCO | BEKAERT | DECEUNINCK | EKOPAK | EVS | GREENYARD | IBA | JENSEN | ONTEX | RECTICEL | VAN DE VELDE | WHAT'S COOKING? | XFAB
- Guy Sips
- Jacob Mekhael
- Kristof Samoy
- Lynn Hautekeete
- Michiel Declercq
- Thibault Leneeuw
- Wim Hoste
- Wim Lewi
- Guy Sips
- Hilde Van Boxstael
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Guy Sips
- Hilde Van Boxstael
- Thibault Leneeuw
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Guy Sips
- Hilde Van Boxstael
- Kristof Samoy
- Michiel Declercq
- Wim Lewi
- Guy Sips
- Guy Sips
Jensen-Group FIRST LOOK : A good start to 2024
Jensen-Group 1Q24 revenues were up y/y 11.6% to € 109.1m. The 1Q24 order intake increased y/y 34.4% to €114.9m. As a result Jensen-Group called this “a good start to 2024”. 1Q24 EBIT came in at € 11.2m (€ 11.4m in 1Q23) resulting in 10.3% 1Q24 EBIT-margin (11.7% in 1Q23). 1Q24 net result amounted to € 11.1m (€ 1.15 EPS). We maintain for the moment our Accumulate rating and € 40 Target Price as these numbers are ahead of our FY24 forecasts of 8.8% FY24E sales growth and 9.5% FY24E EBIT-margin. ...
- Guy Sips
- Hilde Van Boxstael
- Jacob Mekhael
- Thomas Vranken
- Wim Hoste
- Wim Lewi
- Guy Sips
- Guy Sips
- Hilde Van Boxstael
- Lynn Hautekeete
- Sharad Kumar S.P
- Thomas Vranken
- Wim Lewi
- Guy Sips
Jensen-Group Record high first half revenue leading to significant pro...
For Jensen-Group, we saw in 1H23 record high first half revenue (+20.7% y/y) leading to significant profit growth (11.9% EBITDA-margin, 10% EBIT-margin) and despite that Jensen-Group expects revenue growth in 2H23 to be more modest than in 1H23, we increased our FY23 numbers. We maintain our Accumulate and increase our Target Price to € 40, in line with our updated DCF-valuation.
- Guy Sips
- Hilde Van Boxstael
- Wim Lewi
- Guy Sips
- Hilde Van Boxstael
- Sharad Kumar S.P
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Guy Sips
- Guy Sips
- Sharad Kumar S.P
- Thibault Leneeuw
- Guy Sips
- Thomas Vranken
- Guy Sips
- Olivier Vandewoude
- Wim Hoste
- Guy Sips
JENSEN: Automating all processes in the laundry JEN BB
We publish a Company Note on Jensen-Group titled “Automating all processes in the laundry” in which we increase our TP to € 35.0 (was € 33.0) and maintain our Accumulate rating as Jensen-Group received € 345m orders in FY21, a very nice 54% increase over last year’s order intake and the second highest order intake in its history thanks to a very strong 4Q21. The hospitality and hotel sector (40% of Jensen-Group’s sales) are recovering slowly from the adverse conditions since Covid-19. But, afte...
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