>Revenue and operating margin guidance confirmed - Rightmove released this morning a trading update in light of its AGM that will be held today. The group states that revenue growth and margin should be in line with previous expectations. It underlines that Customer numbers are expected to grow by up to +2% on 2023, versus previous guidance of a slight decrease and total number of developments for 2024 to remain relatively flat on 2023. The ARPA for 2024 is therefore...
>Revenue and operating margin guidance confirmed - Rightmove released this morning a trading update in light of its AGM that will be held today. The group states that revenue growth and margin should be in line with previous expectations. It underlines that Customer numbers are expected to grow by up to +2% on 2023, versus previous guidance of a slight decrease and total number of developments for 2024 to remain relatively flat on 2023. The ARPA for 2024 is therefore...
>Outperform recommendation and target price of € 6.0 maintained - Recurring performances in Q1 2024 fell short of our forecasts. On a reported basis, Q1 2024 was in line with consensus. Activity in the first quarter was driven by the return to a more normal situation in terms of hydropower on the Iberian Peninsula and the positive trajectory of EDPR's activities, but offset by unfavourable price effects and marketing margins returning to more normal levels. Clearly, Q...
DUBLIN--(BUSINESS WIRE)-- CRH plc, the leading provider of building materials solutions, is pleased to announce that it has completed the latest phase of its share buyback program, returning a further $0.3 billion of cash to shareholders. Between February 29, 2024 and May 9, 2024, 3.7 million ordinary shares listed on the New York Stock Exchange were repurchased. This brings total cash returned to shareholders under our ongoing share buyback program to $7.6 billion since its commencement in May 2018. CRH today also announces that it has entered into an arrangement with HSBC Securities (USA...
DUBLIN--(BUSINESS WIRE)--CRH plc (NYSE:CRH) (LSE:CRH): Key Highlights Summary Financials Q1 2024 Change Total revenues $6.5bn +2% Net income $114m n/m1 Net income margin 1.7% +220bps Adjusted EBITDA* $445m +15% Adjusted EBITDA margin* 6.8% +80bps EPS $0.16 n/m1 Solid start to the year in the seasonally least ...
>Opinion Surperformance et OC 6.0 € maintenus - Les résultats récurrents du T1 24 sont ressortis un peu en deçà de nos attentes. Sur une base publiée, le T1 24 est en ligne avec le consensus. L’activité du premier trimestre est certes portée par le retour à une situation plus normale en termes d’hydroélectricité sur la péninsule ibérique et la trajectoire positive des activités d’EDPR, mais compensée par des effets de prix défavorables et des marges de commercialisati...
>Results in line with estimates, seasonal factors partially explain sales weakness - Fluidra’s Q1 2024 results came broadly in line with estimates with EBITDA of € 118m (-2% y-o-y and -2% vs our estimates) resulting from slightly higher margins (EBITDA margin of 22.4% vs 22.2% estimated and 21.8% in Q1 2023) on weaker-than-expected sales (-4.8% y-o-y, -2% vs estimates) partly due to lower trading days and the delay on season planning attributable to the Easter holid...
Ohio State Energy Partners Announces Winners of the Smart Campus Challenge Utensils To-Go Earns $60,000 in Project Funding and Paris Trip with Plan to End the Use of Plastic Utensils at Ohio State HOUSTON, May 08, 2024 (GLOBE NEWSWIRE) -- Ohio State Energy Partners announced the winners of the Smart Campus Challenge, a competition aimed at fostering innovation and sustainability at The Ohio State University (Ohio State). Sponsored by ENGIE North America (ENGIE), the event showcased eight teams comprising 29 participants, who presented their projects in a format reminiscent of 'Shark Tan...
>Sales flat across all major regions, profitability down - In Q1, sales were flat excluding FX at € 2,102m (consensus: € 2,087m, ODDO BHFe: € 2,099m) in line with expectations. Regions: EMEA flat, Americas +1% and Asia +1%. Channels: DTC +14% but Wholesale was 3%. EBIT decreased 9% to € 159m (consensus: € 151m, ODDO BHFe: € 156m) which was 6% above consensus. This implies a margin of 7.6% (down 50bp) mainly on negative FX effects and a higher opex ratio due to report...
>Feedback from conference call: factors identified to fuel margins in H2 - The group held a conference call yesterday to comment on its Q1 results and the outlook for the coming quarters. Our takeaways:Dynamic revenue growth of 12.3%, which should continue over the coming quarters, in the back of buoyant demand and a favourable pricing environment.Q1 EBT stood at -€ 27.5m, compared with -€ 33.3m in Q1 2023, with a strong impact from revenue growth (+€ 85.2m)...
BARCELONA, Spain--(BUSINESS WIRE)-- Fluidra, the global leader in equipment and connected solutions in the pool and wellness sector, achieved sales of €527 million in the first quarter of 2024, down nearly 5% compared to the same period last year. Sales met management expectations, with volumes lower driven by fewer trading days in the quarter and an early Easter. EBITDA amounted to €118 million, an increase in EBITDA margin to 22.4%, reflecting the effect of lower sales, but also the expansion of gross margin driven by geographic and product mix and the contribution of cost saving initiativ...
>Q1 EBITA 9% > css for the quarter, the weakest of the year - Leonardo reported solid Q1 figures, driven by the Defence Electronics segment across all areas. EBITA came in 9% ahead of expectations at € 182m (ODDO BHF: € 159m, company-compiled consensus: € 167m), +67% pro forma, for revenues of € 3.664bn (+15.3% pro forma), or a margin of 5%. Nearly all the gap with our estimates stems from the DES division and particularly the European portion (+38.2% at the EBITA lev...
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