reports
- ING Helpdesk
Benelux Morning Notes
Arcadis: Large contract in Resilience. ASM International: Highlights from CFO roadshow. Exor: Exor buying back Exor shares. Fastned: 2H24 results, cost pressure. Flow Traders: February volumes elevated in EMEA. Montea: JV with Weerts in Belgium. Sligro: FY24 results in line, weak 1Q25 outlook. Sofina: Final NAV a tad higher. Umicore: CMD targets – no big bang
- ING Helpdesk
- Christophe-Raphaël Ganet
- Konrad Zomer
TKA THYSSENKRUPP AG
MT ARCELORMITTAL SA
JMT JERONIMO MARTINS SGPS S.A.
BEKB BEKAERT SA
AAL ANGLO AMERICAN PLC
APAML APERAM SA
MC LVMH MOET HENNESSY LOUIS VUITTON SE
OUT1V OUTOKUMPU OYJ
SSAB A SSAB AB CLASS A
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
SW SODEXO SA
SZG SALZGITTER AG
EL ESSILORLUXOTTICA SA
WKL WOLTERS KLUWER NV
BRBY BURBERRY GROUP PLC
KER KERING SA
VOE VOESTALPINE AG
ACX ACERINOX SA
RWE RWE AG
AIR AIRBUS SE
VER VERBUND AG CLASS A
ERA ERAMET SA
01913 PRADA S.P.A.
NDA AURUBIS AG
NEM NEMETSCHEK SE
ARCAD ARCADIS NV
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
MONC MONCLER SPA
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
HLAG HAPAG-LLOYD AG
RIO RIO TINTO PLC
BHP BHP GROUP LTD
AMAG AMAG AUSTRIA METALL AG
CVC CVC CAPITAL PARTNERS PLC
- ING Helpdesk
Benelux Morning Notes
Arcadis: Further in German rail. CVC Capital Partners: They beat, they score. D'Ieteren: US Belron peer Boyd 4Q24 a bit ahead, weak 2025 early outlook. Fastned: Preview FY24. IBA: 2H24 better REBIT, net cash but outlook on the low side. Proximus: Interim leadership announced. UCB: Peer Immunovant reports mixed results in gMG Zabka: Peer Jeronimo Martins FY24 results
- Kristof Samoy
Arcadis Small add-on acquistion in German rail market
Arcadis acquires WSP Infrastructure Engineering GmbH and strengthens its position in the German rail market. Following the add-on acquisition of the German KUA (data centre design) this is a new small add-on acquisition of €20m turnover company but this time in the Mobility segment. The latter segment was earmarked for acquisitive (bolt-on) growth in earlier comments. Accumulate rating unchanged.
- Hilde Van Boxstael
- Jacob Mekhael
- Thomas Couvreur
- Wim Hoste
- Martijn Den Drijver
Arcadis acquires WSP Infrastructure Engineering GmbH, strengthening it...
Arcadis acquires WSP Infrastructure Engineering GmbH, strengthening its position in the attractive German rail market Arcadis acquires WSP Infrastructure Engineering GmbH, strengthening its position in the attractive German rail market Amsterdam, 20 March 2025 – Arcadis, a global leader in intelligence-driven sustainable design, engineering, and consultancy solutions, has announced the acquisition of WSP Infrastructure Engineering GmbH, a 160-people strong, German based engineering firm specialized in rail infrastructure, signaling, structural engineering and software development. This a...
- ING Helpdesk
Arcadis CFO Virginie Duperat-Vergne to step down on 31 May 2025, Wille...
Arcadis CFO Virginie Duperat-Vergne to step down on 31 May 2025, Willem Baars, current head of Global Strategy, Financing and M&A to assume the role of interim CFO Amsterdam, 5 March 2025 - Arcadis, a global leader in intelligence-driven sustainable design, engineering, and consultancy solutions for natural and built assets, today announced that Virginie Duperat-Vergne has decided to resign as Chief Financial Officer (CFO) and Member of the Executive Board effective from 31 May 2025. Willem Baars will assume the role of interim CFO on 1 June 2025. Willem currently holds the position of Gl...
- Kristof Samoy
- Baptiste Lebacq
- Markus Remis
- Thomas Zlowodzki
LRC LEGRAND
IPN IPSEN SA
TKA THYSSENKRUPP AG
MT ARCELORMITTAL SA
BEKB BEKAERT SA
AAL ANGLO AMERICAN PLC
APAML APERAM SA
LI KLEPIERRE SA
OUT1V OUTOKUMPU OYJ
ORA ORANGE SA
SSAB A SSAB AB CLASS A
ULVR UNILEVER PLC
RXL REXEL SA
SZG SALZGITTER AG
KBC KBC GROUP N.V.
EL ESSILORLUXOTTICA SA
NESN NESTLE S.A.
VOE VOESTALPINE AG
ACX ACERINOX SA
SCHP SCHINDLER HOLDING AG PREF
ERA ERAMET SA
NDA AURUBIS AG
ARCAD ARCADIS NV
MOCORP METSO OUTOTEC OYJ
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
UCG UNICREDIT S.P.A.
TIT TELECOM ITALIA S.P.A.
STR STRABAG SE
RIO RIO TINTO PLC
SIE SIEMENS AG
BHP BHP GROUP LTD
DHER DELIVERY HERO SE
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
ADYEN ADYEN NV
ENR SIEMENS ENERGY AG
ML COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN
DSFIR KONINKLIJKE DSM N.V.
SGSN SGS SA
- Baptiste Lebacq
- Markus Remis
- Thomas Zlowodzki
LRC LEGRAND
IPN IPSEN SA
TKA THYSSENKRUPP AG
MT ARCELORMITTAL SA
BEKB BEKAERT SA
AAL ANGLO AMERICAN PLC
APAML APERAM SA
LI KLEPIERRE SA
OUT1V OUTOKUMPU OYJ
ORA ORANGE SA
SSAB A SSAB AB CLASS A
ULVR UNILEVER PLC
RXL REXEL SA
SZG SALZGITTER AG
KBC KBC GROUP N.V.
EL ESSILORLUXOTTICA SA
NESN NESTLE S.A.
VOE VOESTALPINE AG
ACX ACERINOX SA
SCHP SCHINDLER HOLDING AG PREF
ERA ERAMET SA
NDA AURUBIS AG
ARCAD ARCADIS NV
MOCORP METSO OUTOTEC OYJ
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
UCG UNICREDIT S.P.A.
TIT TELECOM ITALIA S.P.A.
STR STRABAG SE
RIO RIO TINTO PLC
SIE SIEMENS AG
BHP BHP GROUP LTD
DHER DELIVERY HERO SE
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
ADYEN ADYEN NV
ENR SIEMENS ENERGY AG
ML COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN
DSFIR KONINKLIJKE DSM N.V.
SGSN SGS SA
- ING Helpdesk
Benelux Morning Notes
Ackermans & van Haaren: Acquisition of boutique wealth manager Petram & Co. Alfen: Takes care of costs and debt, guidance misses. Arcadis: Solid backlog growth provides comfort. BAM: A friend of ours, 10% yield. CM.com: 2H24 results – FCF positive, capital restructuring. dsm-firmenich: Cash in, cash back. Flow Traders: Roller Coaster. KBC: Encouraging outlook to 2027, poor dividend. RELX: FY24 results – in line, £1.5bn buyback in 2025. Talabat: A beat at its maiden 4Q24 results...
- Kristof Samoy
Arcadis Clear beat on EBITA and margins, FCF slightly weaker, nice bol...
FY24 net revs grew 4.5% org. to €3880m (vs. our €3901m and css of €3914m). Operating EBITA landed at €447m (vs. our €435m and css of € 443m) discounting an 11.5% margin up from 10.4% in FY23. The backlog rose to €3673m up 16.3% organically y/y. 4Q order intake of €998m was particularly strong in Resilience & Places with overall book-to-bill ratio of 1.04x down from 1.3x in 3Q24. However the latter quarter experienced exceptional order intake in Mobility. A €1 dps (€0.95 est.) is proposed.
- Hilde Van Boxstael
- Jacob Mekhael
- Kristof Samoy
- Michiel Declercq
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Martijn Den Drijver
Arcadis Q4 and Full Year 2024 Results: Record earnings per share, reco...
Arcadis Q4 and Full Year 2024 Results: Record earnings per share, record backlog, enhanced long term visibility PRESS RELEASE | Arcadis Fourth Quarter and Full Year Results 2024 Record earnings per share, record backlog, enhanced long term visibility FOURTH QUARTER Strong Order Intake of €1.0 billion resulting in Book to Bill of 1.04xRecord fourth quarter operating EBITA margin of 12.6% (Q4‘23: 11.4%)Free Cash Flow generation of €183 million (Q4‘23: €208 million)Bolt-on acquisition of Data Center Design business in Germany FULL YEAR Record backlog of €3.7 billion, organic growt...
- ING Helpdesk
Benelux Morning Notes
Arcadis: Good outlook expected. CM.com: Preview FY24. D'Ieteren: First look at consensus for 2024 and 2025. Euronext: 4Q24 Preview. Proximus: CEO departure, potential changes in governance and strategy. Staffing: US temp vol stable and weak in January, NFP jobs miss but better than feared. Talabat: 4Q24 preview, maiden results should be good. Wolters Kluwer: To acquire Registered Agent Solutions
- ING Helpdesk
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.