reports
- Guy Sips
- Jacob Mekhael
- Kristof Samoy
- Livio Luyten
- Lynn Hautekeete
- Michiel Declercq
- Thibault Leneeuw
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
Dynamic Top Pick List Update February 2026: Removing ASMi; Adding UCB
After today's changes (ASMi out, UCB in), we maintain a balanced approach in our Dynamic Top Pick List, with a particular emphasis on value stocks that have been overlooked. Our defensive holdings are overweight, including real estate, which stands to benefit from lower interest rates. We remove ASMi from our Dynamic Top Pick List as the recent share price performance has driven the valuation meaningfully ahead of fundamentals. Since early December, FY27 diluted EPS expectations have risen by a...
EVS EVS BROADCAST EQUIPMENT SA
UCB UCB S.A.
DIE D'IETEREN SA
SOF SOFINA SA
IBAB ION BEAM APPLICATIONS SA
ROYAL VOPAK NV
AED AEDIFICA SA
CSM CORBION NV
ABI ANHEUSER-BUSCH INBEV SA/NV
ARGX ARGEN-X SE
WDP WAREHOUSES DE PAUW SCA
AZE AZELIS GROUP NV
DEME DEME GROUP NV
SHUR SHURGARD SELF STORAGE LIMITED
- Dirk Verbiesen
- Quirijn Mulder
Arcadis/Slow start to FY26 but a better second half/HOLD
As 3Q25 showed only 1% organic growth, this did not translate into the anticipated pick-up in growth rates. We expect meagre organic growth to continue into FY26 as we foresee only 1.8%, with 1H26 likely being slower than 2H26. New management has been taking measures to reduce overhead costs. These cost savings are material, but will only come fully to fruit in FY27, also the year when we foresee a return to stronger organic growth. With consensus in our view still too optimistic on organic grow...
- Nicolas David
LOGI LOGITECH INTERNATIONAL S.A.
SGE SAGE GROUP PLC
DGE DIAGEO PLC
MC LVMH MOET HENNESSY LOUIS VUITTON SE
KPN ROYAL KPN NV
VOLV B VOLVO AB CLASS B
RI PERNOD RICARD SA
SSAB A SSAB AB CLASS A
RCO REMY COINTREAU SA
LONN LONZA GROUP AG
SAND SANDVIK AB
GLE SOCIETE GENERALE S.A. CLASS A
OMV OMV AG
ARCAD ARCADIS NV
STR STRABAG SE
AD KONINKLIJKE AHOLD DELHAIZE N.V.
ASML ASML HOLDING NV
CPR DAVIDE CAMPARI-MILANO N.V.
ATCO A ATLAS COPCO AB
- Nicolas David
LOGI LOGITECH INTERNATIONAL S.A.
SGE SAGE GROUP PLC
DGE DIAGEO PLC
MC LVMH MOET HENNESSY LOUIS VUITTON SE
KPN ROYAL KPN NV
VOLV B VOLVO AB CLASS B
RI PERNOD RICARD SA
SSAB A SSAB AB CLASS A
RCO REMY COINTREAU SA
LONN LONZA GROUP AG
SAND SANDVIK AB
GLE SOCIETE GENERALE S.A. CLASS A
OMV OMV AG
ARCAD ARCADIS NV
STR STRABAG SE
AD KONINKLIJKE AHOLD DELHAIZE N.V.
ASML ASML HOLDING NV
CPR DAVIDE CAMPARI-MILANO N.V.
ATCO A ATLAS COPCO AB
- Martijn Den Drijver
- Guy Sips
- Kristof Samoy
- Livio Luyten
- Lynn Hautekeete
- Michiel Declercq
- Wim Lewi
- Jacob Mekhael
- Kristof Samoy
- Livio Luyten
- Wim Lewi
- Kristof Samoy
Arcadis €175m SBB completed and FY25 preview
Arcadis has completed its share buyback program as of 16 January 2026. Since the launch of the program on 1 October 2025, the company repurchased a total of 4,575,796 ordinary shares for €175m, at an average price of €38.24. The shares acquired represent ca. 5% of the company's issued share capital and will be cancelled. We maintain our Hold.
Arcadis completes share buyback program and reports final transactions
Arcadis completes share buyback program and reports final transactions PRESS RELEASEArcadis completes share buyback program and reports final transactions Amsterdam, 20 January 2026 – Arcadis N.V. (Arcadis), the world’s leading company delivering data-driven sustainable design, engineering, and consultancy solutions for natural and built assets, announced its share buyback program to be completed on 16 January 2026. Since the start of the share buyback program on 1 October 2025, a total of 4,575,796 ordinary shares have been repurchased for a total consideration of €174,999,566 at an avera...
- ING Helpdesk
Arcadis reports transactions under its current share buyback program
Arcadis reports transactions under its current share buyback program PRESS RELEASEArcadis reports transactions under its current share buyback program Amsterdam, 13 January 2026 – Arcadis N.V. (Arcadis), the world’s leading company delivering data-driven sustainable design, engineering, and consultancy solutions for natural and built assets, repurchased 461,483 of its own shares in the period 5 – 9 January 2026 at an average price of €36.56. The total consideration of this repurchase was €16,873,986. The total number of shares repurchased under this program to date is 4,141,810 shares fo...
Arcadis reports transactions under its current share buyback program
Arcadis reports transactions under its current share buyback program PRESS RELEASEArcadis reports transactions under its current share buyback program Amsterdam, 6 January 2026 – Arcadis N.V. (Arcadis), the world’s leading company delivering data-driven sustainable design, engineering, and consultancy solutions for natural and built assets, repurchased 246,237 of its own shares in the period 29 December 2025 – 2 January 2026 at an average price of €35.73. The total consideration of this repurchase was €8,798,027. The total number of shares repurchased under this program to date is 3,680,...
Arcadis reports transactions under its current share buyback program
Arcadis reports transactions under its current share buyback program PRESS RELEASEArcadis reports transactions under its current share buyback program Amsterdam, 30 December 2025 – Arcadis N.V. (Arcadis), the world’s leading company delivering data-driven sustainable design, engineering, and consultancy solutions for natural and built assets, repurchased 222,629 of its own shares in the period 22 – 26 December 2025 at an average price of €35.20. The total consideration of this repurchase was €7,836,370. The total number of shares repurchased under this program to date is 3,434,090 shares...
- Guy Sips
- Hilde Van Boxstael
- Mathijs Geerts Danau
- Wim Lewi
Arcadis reports transactions under its current share buyback program
Arcadis reports transactions under its current share buyback program PRESS RELEASEArcadis reports transactions under its current share buyback program Amsterdam, 23 December 2025 – Arcadis N.V. (Arcadis), the world’s leading company delivering data-driven sustainable design, engineering, and consultancy solutions for natural and built assets, repurchased 413,279 of its own shares in the period 15 – 19 December 2025 at an average price of €36.07. The total consideration of this repurchase was €14,908,703. The total number of shares repurchased under this program to date is 3,211,1461 shar...
Arcadis reports transactions under its current share buyback program
Arcadis reports transactions under its current share buyback program PRESS RELEASEArcadis reports transactions under its current share buyback program Amsterdam, 16 December 2025 – Arcadis N.V. (Arcadis), the world’s leading company delivering data-driven sustainable design, engineering, and consultancy solutions for natural and built assets, repurchased 327,154 of its own shares in the period 8 – 12 December 2025 at an average price of €36.24. The total consideration of this repurchase was €11,855,299. The total number of shares repurchased under this program to date is 2,798,182 shares...
- Delphine Brault
- Nathan Mietlicki
- Delphine Brault
- Nathan Mietlicki
- ING Helpdesk
- Hilde Van Boxstael
- Jacob Mekhael
- Kristof Samoy
- Livio Luyten
- Mathijs Geerts Danau
- Michiel Declercq
- Thibault Leneeuw
- Wim Lewi
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