View 
FILTERS (0)
* Not connected to ResearchPool

MORE FILTERS

  
reports
 PRESS RELEASE

EQS-News: TAG Immobilien AG – Homes for Generations: Sustainability Re...

EQS-News: TAG Immobilien AG / Key word(s): Sustainability/ESG TAG Immobilien AG – Homes for Generations: Sustainability Report 2023 published 25.04.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Homes for Generations: Sustainability Report 2023 published  TAG provides affordable housing in liveable neighbourhoods for all generations; goal of making the portfolio largely climate-neutral by 2045 is being resolutely pursued CO2 intensity in the German portfolio further reduced through investments in building and heating refurbi...

 PRESS RELEASE

EQS-News: TAG Immobilien AG – Zuhause für Generationen: Nachhaltigkeit...

EQS-News: TAG Immobilien AG / Schlagwort(e): Nachhaltigkeit/ESG TAG Immobilien AG – Zuhause für Generationen: Nachhaltigkeitsbericht 2023 veröffentlicht 25.04.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Zuhause für Generationen: Nachhaltigkeitsbericht 2023 veröffentlicht TAG stellt preisgünstigen Wohnraum in lebenswerten Quartieren für alle Generationen zur Verfügung; Ziel, den Gebäudebestand bis 2045 nahezu klimaneutral zu gestalten, wird konsequent verfolgt Durch Investitionen in Gebäude- und Heizungssanierung CO...

Baptiste Salaville ... (+3)
  • Baptiste Salaville
  • Jerôme Bodin
  • Steven Boumans

ODDO BHF Small & MIDCAP MORNING NEWS - 18/03/2024

We are downgrading our recommendation on Vidrala to Underperform from Neutral and set our target price at € 96 (+4% vs previous € 92, DCF: 8.4x implied EV/EBITDA 2024e vs historical average of 9.2x and 6.1x of peer group). While the group will be able to outgrow the industry thanks to the consolidation of Vidroporto in Brazil (16% of the group’s EBITDA) and despite the divestment in Italy (8% of 2023 EBITDA), we believe its organic earnings profile will slightly deteriorate considerin...

Baptiste Salaville ... (+3)
  • Baptiste Salaville
  • Jerôme Bodin
  • Steven Boumans

ODDO BHF Small & MIDCAP MORNING NEWS - 03/18/2024 Date Performance sin...

We are downgrading our recommendation on Vidrala to Underperform from Neutral and set our target price at € 96 (+4% vs previous € 92, DCF: 8.4x implied EV/EBITDA 2024e vs historical average of 9.2x and 6.1x of peer group). While the group will be able to outgrow the industry thanks to the consolidation of Vidroporto in Brazil (16% of the group’s EBITDA) and despite the divestment in Italy (8% of 2023 EBITDA), we believe its organic earnings profile will slightly deteriorate considerin...

Baptiste Salaville ... (+4)
  • Baptiste Salaville
  • Bruno Cavalier
  • Gerardo Ibanez
  • Steven Boumans
Florent Laroche-Joubert ... (+5)
  • Florent Laroche-Joubert
  • Manuel Martin
  • CEFA
  • CREA
  • Steven Boumans

ODDO : Shifting sands at La Croisette: A recap from MIPIM 2024

>The direct investment market is still muted today, but we think real estate markets could reignite after seeing the first interest rate cuts - We visited the annual real estate conference MIPIM in Cannes last week. Although the weather was great, the mood in the investment market was still a bit muted. The changes in the real estate market leaves many investor uncertain today. It is still too early to see transactions to go up materially and pricing recovery in the ...

Carole Braudeau
  • Carole Braudeau

Credit Morning 03/13/2024

Vallourec: ArcelorMittal becomes reference shareholderZalando: liquidity further strengthened at end 2023. Outlook and mid-term targets in line.>...

Carole Braudeau
  • Carole Braudeau

Morning Crédit 13/03/2024

Vallourec : ArcelorMittal devient l’actionnaire de référenceZalando : une situation de cash encore renforcée à l’issue de l’exercice 2023. Perspectives conformes au consensus.>...

Carole Braudeau
  • Carole Braudeau

Credit Morning 03/12/2024

S&P downgrades ELO to BB+/stableThyssenkrupp Elevator successfully places € 3.7bn term loan>...

Jean-François Granjon
  • Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 12/03/2024 Date Performance dep...

We raise our price target for Arcadis to € 68.5 (DCF based) and maintain our Outperform rating. Although Arcadis’s shares have already performed well over the last 12 months (+43%), we see further upward potential as the delta in terms of peer multiples has only marginally diminished (still c. 35% lower EV/EBITDA, was c. 40%) and we see no reason to expect an industry multiples contraction. Given the GEC and automation/digitisation components of the company’s strategy, which come on t...

Jean-François Granjon
  • Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 03/12/2024 Date Performance sin...

We raise our price target for Arcadis to € 68.5 (DCF based) and maintain our Outperform rating. Although Arcadis’s shares have already performed well over the last 12 months (+43%), we see further upward potential as the delta in terms of peer multiples has only marginally diminished (still c. 35% lower EV/EBITDA, was c. 40%) and we see no reason to expect an industry multiples contraction. Given the GEC and automation/digitisation components of the company’s strategy, which come on t...

Carole Braudeau
  • Carole Braudeau

Morning Crédit 12/03/2024

S&P a dégradé le rating d’ELO à BB+/stableThyssenkrupp Elevator place avec succès 3.7 mds EUR de term loan>...

Manuel Martin ... (+3)
  • Manuel Martin
  • CEFA
  • CREA

TAG Immobilien AG : FY 2023 results broadly in line with decelerating ...

>Outlook for FY 2024 confirmed - TAG this morning reported FY 2023 figures that were broadly in line with our estimates and confirmed its flattish FFO I guidance for FY 2024e of € 170-174m, translating into FFO I p/s of € 0.98.Net rental income of € 281.3m (+1.2% y-o-y) was below our forecast of € 287.7m but with net rents of € 350.8m (+3.2% y-o-y) in line. TAG´s property valuation loss of -€ 705.2m was a bit below our forecast of -€ 802.1m, representing a devalu...

 PRESS RELEASE

EQS-News: Operationally successful FY 2023 for TAG; sales results in P...

EQS-News: TAG Immobilien AG / Key word(s): Annual Report Operationally successful FY 2023 for TAG; sales results in Poland exceed guidance; significantly increased net liquidity from disposals in Germany; LTV stable despite portfolio devaluation   12.03.2024 / 06:55 CET/CEST The issuer is solely responsible for the content of this announcement. PRESS RELEASE Operationally successful FY 2023 for TAG; sales results in Poland exceed guidance; significantly increased net liquidity from disposals in Germany; LTV stable despite portfolio devaluation   FFO I guidance met at EU...

 PRESS RELEASE

EQS-News: Operativ erfolgreiches Geschäftsjahr 2023; Verkaufsergebniss...

EQS-News: TAG Immobilien AG / Schlagwort(e): Jahresbericht Operativ erfolgreiches Geschäftsjahr 2023; Verkaufsergebnisse in Polen übertreffen Prognose; deutlich gesteigerte Nettoliquidität aus Wohnungsverkäufen in Deutschland; Verschuldungsgrad stabil 12.03.2024 / 06:55 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. PRESSEMITTEILUNG Operativ erfolgreiches Geschäftsjahr 2023 für TAG; Verkaufsergebnisse in Polen übertreffen Prognose; deutlich gesteigerte Nettoliquidität aus Wohnungsverkäufen in Deutschland; Verschuldungsgrad trotz Po...

Carole Braudeau
  • Carole Braudeau

Credit Morning 02/08/2024

SoftBank Group: significant pre-tax profit in Q3 2023/24 erasing losses in H1Ontex: Sequential Adj. EBITDA margin improvement in Q4 23… but pricing growth comes to an endURW: after good Q4, URW returns to dividend policySoitec: Publication of Q3 2023/24 sales and profit warningTAG co-CEO warns on greater downside risk for German residential real estate>...

Carole Braudeau
  • Carole Braudeau

Morning Crédit 08/02/2024

Soitec : Publication du CA T3 2023/24 et profit warningOntex: Sequential Adj. EBITDA margin improvement in Q4 23… but pricing growth comes to an endSoftBank Group : résultat avant impôts significatif au T3 2023/24 permettant de gommer les pertes du S1URW : après un bon T4, URW renoue avec une politique de dividendeTAG co-CEO warns on greater downside risk for German residential real estate>...

Carole Braudeau
  • Carole Braudeau

Verallia : Credit feedback – ODDO BHF Forum, 11 to 16 January 2024

The 27th ODDO BHF forum was held in the form of physical meetings (11-12 January) and digital meetings (15-16 January). It was attended by 325 companies (compared with 322 in 2023 and 314 in 2022): ~40% French, 30% German and 30% from the rest of the EU (except one from US). - Our 2024 Forum welcomed 910 investors (vs. 781 in 2023) 53% of whom were French (vs. 58% in 2023) working for 378 institutions in 20 countries. We organised the equivalent of 8,196 investor meetings (vs. 7,...

Carole Braudeau
  • Carole Braudeau

Verallia : Feedback Crédit Forum du 11 au 16 janvier 2024

Notre 27ième Forum vient de se dérouler de manière présentielle (11-12 janvier), à Lyon, et en digital (les 15-16 janvier). Il a réuni 325 sociétés (vs 322 sociétés en 2023 et 314 en 2022), originaire à ~40% de France, à 30% d’Allemagne et les 30% restant venant du reste de l’Europe (sauf une société américaine). - L’édition 2024 de notre Forum a accueilli 910 investisseurs (781 en 2023) dont 53% français (vs 58% en 2023) travaillant pour 378 institutions de 20 pays. Nous avons ai...

Florent Laroche-Joubert ... (+5)
  • Florent Laroche-Joubert
  • Manuel Martin
  • CEFA
  • CREA
  • Steven Boumans

ODDO : The horizon is clearing with a stabilisation, and even decline,...

The stabilisation and even slight decline of interest rates in 2024 represents a catalyst for the sector, and leads us to now favour the players that are the best positioned to execute their growth and/or debt reduction strategy. In this context, we prefer Gecina, URW, CTP, Xior and Aedas Homes. We are making 10 rating changes: we upgrade Covivio, NSI, VGP, Patrizia and Xior to Outperform and Altarea, Deutsche Euroshop and SFL to Neutral. We are downgrading Icade and Mercialys to...

Loading...
New interest

Save your current filters as a new Interest

Please enter a name for this interest

Email alerts

Would you like to receive real-time email alerts when a new report is published under this interest?

Save This Search

These search results will show up under 'Saved searches' in the left panel

Please enter a name for this saved search

ResearchPool Subscriptions

Get the most out of your insights

Get in touch