Accor : Test first take

Accor: 1 director

A director at Accor sold 10,000 shares at 44.000EUR and the significance rating of the trade was 83/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing C...

ODDO BHF Small & MIDCAP MORNING NEWS - 11/12/2024

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ODDO BHF Small & MIDCAP MORNING NEWS - 12/11/2024

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Credit Morning 11/12/2024

SoftBank Group: significant pre-tax profit in H1 2024-25.>...

Morning Crédit 12/11/2024

SoftBank Group : résultat avant impôts significatif au S1 2024/25>...

NH Hoteles : Good-quality Q3 numbers, upgrade of 8% to our 2024 EPS se...

>Good-quality Q3 results - NH Hoteles yesterday evening reported good-quality Q3 2024 results, slightly beating expectations. Group revenues came in at € 644m, up 10.5% y-o-y (or the same pace as in Q2), and 2% ahead of our estimates (and +3% better than the company-compiled consensus). L-f-l RevPAR, with growth of 9.0%, was mostly driven by price growth of 7.3%, with occupancy rates up by 1.0 pt. Scope effects were significant in the quarter, with the contribution fr...

NH Hoteles : Un T3 de bonne facture, relèvement de 8% de notre séquenc...

>Des résultats T3 de bonne facture - NH Hoteles a publié hier soir des résultats T3 2024, de bonne facture, légèrement au-dessus des attentes. Les revenus groupe ressortent à 644 M€, en croissance de 10.5% yoy (soit le même rythme que le T2), et supérieurs de 2% à nos estimations (et de +3% par rapport au consensus collecté par la société). Les RevPAR en augmentation de 9.0% sont tirés majoritairement par des hausses de prix de 7.3%, les taux d’occupation progressant ...

MINOR HOTELS: RDOS. 3T’24 Y CAMBIO DE P.O. AL ALZA (ANÁLISIS BANCO SAB...

Rdos. 3T'24 vs 3T'23: Ventas: 644,2 M euros (+10,0% vs +9,5% BS(e) y +6,7% consenso); EBITDA: 200,1 M euros (+11,2% vs +8,7% BS(e) y +6,4% consenso). Rdos. 9meses'24 vs 9meses'23: Ventas: 1.789 M euros (+10,9% vs +10,8% BS(e) y +9,7% consenso); EBITDA: 498,1 M euros (+11,3% vs +10,3% BS(e) y +9,4% consenso).

INFORME DIARIO 12 NOVIEMBRE + RDOS. ESPAÑA Y EUROPA 3T’24. IDEAS DESTA...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: BANKINTER, CAIXABANK, MINOR HOTELS, SECTOR INMOBILIARIO, SECTOR SEGUROS. EUROPA: BAYER. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 3T’24 que se publicarán en España y Europa en los próximos días. Los mercados se estabilizan En una jornada de pocos catalizadores las bolsas europeas rebotaron, compensand...

Melia : Q3 results in line, annual guidance confirmed

>Q3 figures in line with estimates - Melia Hotels has published Q3 results that are broadly in line with expectations. Group revenues came in at € 584.1 million (ODDO BHF: € 587.3m; Visible Alpha consensus: € 596.8m), representing growth of 3.3% y-o-y. RevPAR rose by 10.7% y-o-y, thanks to a 10.3% y-o-y increase in average prices while occupancy rates were virtually flat at +0.3 pt. By region, RevPAR rose sharply in Europe (up 15.1% y-o-y, of which +14.5% in Germany a...

Melia : Q3 results in line, annual guidance confirmed

>Q3 figures in line with estimates - Melia Hotels has published Q3 results that are broadly in line with expectations. Group revenues came in at € 584.1 million (ODDO BHF: € 587.3m; Visible Alpha consensus: € 596.8m), representing growth of 3.3% y-o-y. RevPAR rose by 10.7% y-o-y, thanks to a 10.3% y-o-y increase in average prices while occupancy rates were virtually flat at +0.3 pt. By region, RevPAR rose sharply in Europe (up 15.1% y-o-y, of which +14.5% in Germany a...

MELIÁ HOTELS: 3Q’24 RESULTS AND T.P. UPGRADE (ANÁLISIS BANCO SABADELL)

3Q'24 vs. 3Q'23 Results Sales: € 584.1 M (+2.7% vs. +3.9% BS(e) and +3.0% consensus); EBITDA: € 188.3 M (+11.8% vs. +9.3% BS(e) and +8.8% consensus). 9M'24 vs. 9M'23 Results Sales: € 1.544 Bn (+4.5% vs. +4.7% BS(e) and +4.4% consensus); EBITDA: € 428.6 M (+10.8% vs. +9.0% BS(e) and +8.8% consensus).

MELIÁ HOTELS: RDOS. 3T’24 Y CAMBIO DE P.O. AL ALZA (ANÁLISIS BANCO SAB...

Rdos. 3T'24 vs 3T'23: Ventas: 584,1 M euros (+2,7% vs +3,9% BS(e) y +3,0% consenso); EBITDA: 188,3 M euros (+11,8% vs +9,3% BS(e) y +8,8% consenso). Rdos. 9meses'24 vs 9meses'23: Ventas: 1.544 M euros (+4,5% vs +4,7% BS(e) y +4,4% consenso); EBITDA: 428,6 M euros (+10,8% vs +9,0% BS(e) y +8,8% consenso).

Scandic Hotels (Buy, TP: SEK80.00) - Building a dividend case

After its strong share price performance (+82% LTM), the Q3 report, Q4 outlook and updated financial targets were not the short-term catalysts we were looking for to take the investment case to the next level. The high proposed DPS and buybacks are supportive, and we see unutilised ‘financial muscle’ for the future. We still like the group’s leading Nordic footprint, operating profile and FCF capacity, and reiterate our BUY and SEK80 target price.

ODDO BHF Small & MIDCAP MORNING NEWS - 10/30/2024

The outcome of the US presidential election hangs in the balance, but the momentum seems to be with Donald Trump since the beginning of October: the candidate is now in the lead in six of the seven swing states, has just overtaken Kamala Harris in the national vote while 63% of punters are tipping him to win. We recap in the present note on the European stocks to play or avoid in the event of Donald Trump's victory and have also listed European stocks with a production base in the US,...

ODDO BHF Small & MIDCAP MORNING NEWS - 30/10/2024

Le scrutin présidentiel US reste incertain, mais le momentum semble être du côté de Donald Trump depuis début octobre : le candidat est désormais en tête dans 6 des 7 swing states, vient de dépasser Kamala Harris dans le vote national et est donné gagnant à 63% chez les parieurs. Nous rappelons les valeurs européennes à privilégier ou à éviter en cas de victoire de Donald Trump, et avons également listé les valeurs européennes ayant une base de production aux US, par nature moins expo...

Scandic Hotels : Q3 results undershot expectations, but announcements ...

>Q1 figures a shade above forecasts - Scandic Hotels this morning published a pretty weak set of Q3 results, below expectations. Group RevPAR rose by just 0.9% y-o-y in the quarter (versus our estimate of +1.8%, css Visible Alpha at +1.6%), with average prices stable y-o-y and occupancy rates up 0.4 pt (in line with management expectations). Group revenues, at SEK 6,182m, were down 2% y-o-y (ODDO BHFe at SEK 6,374m and css Visible Alpha at SEK 6,317m), hit by weak Rev...

Scandic Hotels : Résultats T3 en dessous des attentes, mais les annonc...

>Des chiffres T3, en dessous des attentes - Scandic Hotels publie ce matin des résultats T3 plutôt faibles, en dessous de attentes. Les RevPAR groupe ressortent en hausse de seulement 0.9% yoy sur le trimestre (contre notre estimation à +1.8%, css Visible Alpha à +1.6%), avec des prix moyens stables yoy et des taux d’occupation qui progressent de 0.4 pt (en ligne avec les anticipations du management). Les revenus groupe, à 6182 MSEK, sont en baisse de 2% yoy (ODDO BH...

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2024

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