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Carole Braudeau
  • Carole Braudeau

Credit Morning 05/02/2024

BBVA proposes merging with Banco Sabadell to create a European leaderUnited Group: e& has considered a potential acquisition of United Group (Bloomberg)>...

Carole Braudeau
  • Carole Braudeau

Morning Crédit 02/05/2024

BBVA propose à Sabadell une fusion afin de créer un leader européenUnited Group : e& envisagerait une possible acquisition de United Group (Bloomberg)>...

Jean Danjou ... (+3)
  • Jean Danjou
  • Oliver Metzger
  • Thomas Zlowodzki

ODDO BHF Small & MIDCAP MORNING NEWS - 02/05/2024

Nous sortons GALP de notre liste ODDO BHF European Large Caps. La valeur a réalisé une performance de +31,3% depuis son entrée le 20 mars dernier. Notre analyste adopte ce jour une opinion Neutre (vs Surperformance) sur la valeur qui a atteint notre objectif de cours. - ...

Emmanuel Matot ... (+2)
  • Emmanuel Matot
  • Martin Marandon-Carlhian

Worldline : Start of the year lends credence to 2024 targets

>Organic growth low but ahead of expectations - Worldline reported its Q1 2024 revenues. Organic growth was weak at +2.5%, but above expectations (ODDO BHF / consensus = +1.2/+0.7%) and marks an improvement on the low point of Q4 2023 (+1.3%).Merchant Services turned out to be stronger than expected (+3.9%, of which +6.5% excluding planned merchant termination- Q4 2023 reminder = +3.2%) thanks to good results in new markets (such as Italy). Unsurprisingly, Financ...

Fatma Agnès Hamdani
  • Fatma Agnès Hamdani

Savencia SA : The improvement in the volume mix broadly offset the dro...

>Q1 sales flat organically, including a volume mix of +1.7% on our calculations - We took away the following points from a company contact after the release of Q1 sales (€ 1.7bn, up 1.6% on a reported basis and flat organically):Organic growth of 2.5% in cheese products was driven by a volume mix effect of 1% and a small rise in prices of 1.5%. The group benefited from price hikes in 2023 and those obtained this year in some markets such as France to offset persi...

Maissa Keskes ... (+2)
  • Maissa Keskes
  • Stephane Houri

Siltronic AG : Better-than-expected Q1 2024 results, FY 2024 outlook r...

>Strong Q1 24 results - This morning, Siltronic reported its Q1 2024 results which were above expectations. Revenues were € 343.5m, 1% above the consensus at € 340m. They were down 4% q-o-q and down 15% y-o-y. While the wafer area sold and sales prices remained nearly stable compared to the previous quarter, the product mix had a slightly negative impact. The gross margin was 20.4% above with consensus at 14.4%. The operating results was € 36m, giving a margin of 10....

Maissa Keskes ... (+2)
  • Maissa Keskes
  • Stephane Houri

Siltronic AG : Better-than-expected Q1 2024 results, FY 2024 outlook r...

>Strong Q1 24 results - This morning, Siltronic reported its Q1 2024 results which were above expectations. Revenues were € 343.5m, 1% above the consensus at € 340m. They were down 4% q-o-q and down 15% y-o-y. While the wafer area sold and sales prices remained nearly stable compared to the previous quarter, the product mix had a slightly negative impact. The gross margin was 20.4% above with consensus at 14.4%. The operating results was € 36m, giving a margin of 10....

Emmanuel Matot ... (+2)
  • Emmanuel Matot
  • Martin Marandon-Carlhian

Worldline : Début d’année apportant du crédit aux objectifs 2024

>Croissance organique faible au T1 mais au-dessus des attentes - Worldline vient de publier son CA au titre du T1 2024. Il fait ressortir une croissance organique faible à +2.5% mais au-dessus des attentes (ODDO BHF / consensus = +1.2/+0.7%) et en amélioration par rapport au point bas du T4 2023 (+1.3%).Les Services aux Commerçants s’avèrent plus dynamique que prévu (+3.9% dont +6.5% hors arrêt planifié de commerçants – rappel T4 2023 = +3.2%) grâce à de bons rés...

Fatma Agnès Hamdani
  • Fatma Agnès Hamdani

Savencia SA : Globalement l’amélioration du mix volume compense la bai...

>Un CA T1 stable en organique dont +1.7% de mix volume selon nos calculs. - Du contact société post publication du CA T1 (1696 M€, en hausse de 1.6% en publié et stable en organique), nous retenons les éléments suivants : La croissance organique des produits fromagers de 2.5% s’appuie sur un effet mix volume de 1% et une légère hausse des prix de 1.5%. Le groupe bénéficie des relèvements de prix obtenus en 2023 et ceux obtenus cette année sur certains marchés com...

 PRESS RELEASE

EQS-News: Ergebnis der Siltronic AG im ersten Quartal 2024 wie erwarte...

EQS-News: Siltronic AG / Schlagwort(e): Quartalsergebnis/Quartals-/Zwischenmitteilung Ergebnis der Siltronic AG im ersten Quartal 2024 wie erwartet weiterhin geprägt von Nachfrageschwäche aufgrund erhöhter Kundenbestände 02.05.2024 / 07:01 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Pressemitteilung Siltronic AG Einsteinstraße 172 81677 München   Ergebnis der Siltronic AG im ersten Quartal 2024 wie erwartet weiterhin geprägt von Nachfrageschwäche aufgrund erhöhter Kundenbestände - Umsatz gegenüber Vorquartal vor allem aufgr...

 PRESS RELEASE

EQS-News: As expected, Siltronic's Q1 2024 earnings continue to be imp...

EQS-News: Siltronic AG / Key word(s): Quarter Results/Quarterly / Interim Statement As expected, Siltronic's Q1 2024 earnings continue to be impacted by weak demand due to elevated customer inventories 02.05.2024 / 07:01 CET/CEST The issuer is solely responsible for the content of this announcement. Press release Siltronic AG Einsteinstraße 172 81677 Munich   As expected, Siltronic's Q1 2024 earnings continue to be impacted by weak demand due to elevated customer inventories - Sales compared to the previous quarter decreased by 3.7 percent to EUR 343.5 million, mainly...

 PRESS RELEASE

WORLDLINE : Q1 2024 revenue

WORLDLINE : Q1 2024 revenue Q1 2024 revenueQ1 2024 Group revenue: € 1,097 million +2.5% organically +3.9% in Merchant Services Transformation initiatives on trackRedesign of Merchant Services operating model with two new go-to-market channelsPower24 transformation plan in motion and rolled-out in targeted countries Launch of Crédit Agricole and Worldline joint-venture Unconditional approval received from the European Commission in MarchJV to operate under new brand CAWL, providing innovative payment services to all merchants in France Governance updateWilfried Verstraete coopted as futu...

Pierre FerraguÊ
  • Pierre FerraguÊ

What if the EV slowdown were not a headwind on auto semi growth?

EV adoption is slowing in the West, but to the benefit of hybrids. Is this well understood by those investing in auto semi stocks?

 PRESS RELEASE

WORLDLINE: 2023 Universal Registration Document available

WORLDLINE: 2023 Universal Registration Document available 2023 Universal Registration Document available Paris La Défense, April 30, 2024 – Worldline [Euronext: WLN], a global leader in payments services, today announces the filing of its 2023 Universal Registration Document with the French Financial Markets Authority (AMF) in ESEF format (European Single Electronic Format) in French version on Tuesday, April 30, 2024, under number D.24-0377. The Universal Registration Document is available to the public in accordance with the applicable regulations and may be consulted on the Company’s w...

 PRESS RELEASE

WORLDLINE : Mise à disposition du Document d’Enregistrement Universel ...

WORLDLINE : Mise à disposition du Document d’Enregistrement Universel 2023 Mise à disposition duDocument d’Enregistrement Universel 2023 Paris La Défense, le 30 avril 2024 – Worldline [Euronext : WLN], un leader mondial des paiements, annonce que son Document d’Enregistrement Universel 2023 a été déposé auprès de l’Autorité des marchés financiers (AMF) au format ESEF (European Single Electronic Format) le mardi 30 avril 2024, sous le numéro D.24-0377. Le Document d’Enregistrement Universel est tenu à la disposition du public dans les conditions prévues par la réglementation en vigueur et ...

 PRESS RELEASE

STMicroelectronics Announces Status of Common Share Repurchase Program

STMicroelectronics Announces Status of Common Share Repurchase Program STMicroelectronics Announces Status ofCommon Share Repurchase Program Disclosure of Transactions in Own Shares – Period from Apr 22, 2024 to Apr 26, 2024 AMSTERDAM – April 29, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resoluti...

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