reports
- Ahmed Ben Salem
FP TOTAL SE
AC ACCOR SA
SGO COMPAGNIE DE SAINT-GOBAIN SA
EQNR EQUINOR ASA
DG VINCI SA
BVI BUREAU VERITAS SA
ADP AEROPORTS DE PARIS SA
AAL ANGLO AMERICAN PLC
SU SCHNEIDER ELECTRIC SE
BNP BNP PARIBAS SA CLASS A
SK SEB SA
GFC GECINA SA
RMS HERMES INTERNATIONAL SCA
RCO REMY COINTREAU SA
SAF SAFRAN S.A.
AIR AIRBUS SE
DTE DEUTSCHE TELEKOM AG
WPP WPP PLC
REP REPSOL SA
MOCORP METSO OUTOTEC OYJ
SKF B SKF AB CLASS B
INX IMCD N.V.
CLNX CELLNEX TELECOM S.A.
STM STMICROELECTRONICS NV
UMI UMICORE
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
ADYEN ADYEN NV
DSY DASSAULT SYSTEMES SA
SGSN SGS SA
TEN TENARIS S.A.
- Carole Braudeau
LHN LAFARGEHOLCIM LTD.
AC ACCOR SA
AMS AMS AG
SGO COMPAGNIE DE SAINT-GOBAIN SA
DG VINCI SA
ATO ATOS SE
BFIT BASIC-FIT NV
SK SEB SA
NXI NEXITY SA CLASS A
MF WENDEL SE
KORI KORIAN SA
CGM CEGEDIM SA
GRF GRIFOLS S.A. CLASS A
WIZZ WIZZ AIR HOLDINGS PLC
ERA ERAMET SA
DIC DIC ASSET AG
CLNX CELLNEX TELECOM S.A.
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
- Ahmed Ben Salem
FP TOTAL SE
AC ACCOR SA
SGO COMPAGNIE DE SAINT-GOBAIN SA
EQNR EQUINOR ASA
DG VINCI SA
BVI BUREAU VERITAS SA
ADP AEROPORTS DE PARIS SA
AAL ANGLO AMERICAN PLC
SU SCHNEIDER ELECTRIC SE
BNP BNP PARIBAS SA CLASS A
SK SEB SA
GFC GECINA SA
RMS HERMES INTERNATIONAL SCA
RCO REMY COINTREAU SA
SAF SAFRAN S.A.
AIR AIRBUS SE
DTE DEUTSCHE TELEKOM AG
WPP WPP PLC
REP REPSOL SA
MOCORP METSO OUTOTEC OYJ
SKF B SKF AB CLASS B
INX IMCD N.V.
CLNX CELLNEX TELECOM S.A.
STM STMICROELECTRONICS NV
UMI UMICORE
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
ADYEN ADYEN NV
DSY DASSAULT SYSTEMES SA
SGSN SGS SA
TEN TENARIS S.A.
- Carole Braudeau
LHN LAFARGEHOLCIM LTD.
AC ACCOR SA
AMS AMS AG
SGO COMPAGNIE DE SAINT-GOBAIN SA
DG VINCI SA
ATO ATOS SE
BFIT BASIC-FIT NV
SK SEB SA
NXI NEXITY SA CLASS A
MF WENDEL SE
KORI KORIAN SA
CGM CEGEDIM SA
GRF GRIFOLS S.A. CLASS A
WIZZ WIZZ AIR HOLDINGS PLC
ERA ERAMET SA
DIC DIC ASSET AG
CLNX CELLNEX TELECOM S.A.
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
- Florent Laroche-Joubert
Gecina : Very good topline performance, with improved visibility on fu...
>Solid operating performance, with organic growth remaining strong at 6.2% - Gecina delivered a solid operating performance in Q1 2024, in line with 2023, with gross rental income of € 173.8m (€ 170.9m), up 4.3% as reported and 6.2% on a like-for-like basis, driven in particular by indexation of +5.2% yoy, the effects of a generally stable occupancy rate over the quarter (contribution -0.2%) and the positive impact of reversion in both offices and residential properti...
- Jan Frederik Slijkerman
- Jeroen van den Broek
- Jesse Norcross
- Nadège Tillier
- Timothy Rahill
- Olfa Taamallah
- Yan Derocles
Airbus Group : A slow start to the year masks an unmatched degree of v...
>A slow start to the year… - With adjusted EBIT at € 577m (-26.9% y-o-y and margin -160bp), Q1 came out well below expectations (ODDO BHF € 715m, consensus € 789m) across all divisions. The gap between our forecasts and the actual figures was mainly attributable to i/ a more successful employee share ownership plan (ESOP), costing € 0.1bn more than in Q1 2023, ii/ an even bigger hiring effect than expected, with 12,400 additions at group level (operating effect of c10...
- Florent Laroche-Joubert
Gecina : Très bonne tenue de la topline et meilleure visibilité sur sa...
>Solide performance opérationnelle avec une croissance organique toujours aussi soutenue de +6.2% - Gecina a délivré une performance opérationnelle solide sur le T1 2024 dans la continuité de 2023 avec des revenus locatifs bruts à 173.8 M€ (170.9 M€e) en croissance aussi bien à périmètre courant de 4.3% qu’à périmètre constant (pc) de 6.2% sous l’effet notamment d’une indexation à +5.2% yoy, des effets liés au taux d’occupation globalement stable sur le trimestre (con...
- Alvaro del Pozo
- Fehmi Ben Naamane
- Johanna Jourdain
Accor : Solid start to the year means high confidence in 2024
>Q1 2024 slightly higher than expected, sequential acceleration in NUG - Accor reported Q1 2024 sales of € 1,236m (+8% on a reported basis), 2% higher than the consensus of € 1,216m (ODDO BHF estimate: € 1,197m). The Q1 performance was driven by all regions, especially the Middle East and Asia-Pacific, satisfactory price trends (+5.5%) and higher occupancy rates (+1.2 pt). By division, Management & Franchise (M&F) revenue reached € 294m (+10% yoy), buoyed by solid dem...
- Fehmi Ben Naamane
- Johanna Jourdain
Accor : Solide démarrage offrant un niveau de confort élevé pour 2024
>T1 24 légèrement au-dessus des attentes, accélération séquentielle du NUG - Accor a publié un CA T1 2024 à 1 236 M€ (+8% en publié), 2% au-dessus des attentes à 1 216 M€ (ODDO BHF 1 197 M€). La performance au T1 a été soutenue par toutes les régions, en particulier le Moyen-Orient et l’Asie-Pacifique, un bon niveau de prix (+5.5%) et des taux d’occupation (TO) qui progressent (+1.2 pt). Par division, le CA Management & Franchise (M&F) atteint 294 M€ (+10% y-o-y), sou...
- Olfa Taamallah
- Yan Derocles
Airbus Group : Le démarrage poussif de l’année masque une visibilité i...
>Un début d’année poussif… - Avec un EBIT Ajusté de 577 M€ (-26.9% yoy et marge en recul de 160 pb), le T1 ressort largement en-deçà des attentes (ODDO BHF : 715 M€, css : 789 M€) et ce, sur l’ensemble des divisions. Par rapport à nos estimations l’écart provient notamment i/ d’un succès plus important du plan d’actionnariat salarié (ESOP) avec une augmentation du coût de plus de 0.1 Md€ par rapport au T1 2023, ii/ d’un effet recrutements encore plus fort qu...
- Inna Maslova
Gecina - Strong rental growth continues
Rental income stood at EUR 173.8m, up 6.2% YoY on a LfL basis, driven by accelerating indexation (+5.2%) and rental reversion captured (+1.2%).Strong performance in Paris City offices continues, with 30% reversion achieved.2022 recurrent net income per share guidance reiterated at EUR 6.35-6.40 (+5.5-6.5%).The company hosts a conference call today at 9:00 CET. Hold.
Gecina : L’ensemble des résolutions approuvées par l’Assemblée général...
PARIS--(BUSINESS WIRE)-- Regulatory News: Gecina (Paris:GFC) : L’Assemblée générale mixte de Gecina s’est réunie le 25 avril 2024 sous la présidence de M. Jérôme Brunel. Les actionnaires ont approuvé l’ensemble des résolutions, notamment le versement au titre de l’exercice 2023 d’un dividende par action de 5,30 euros. Un acompte de 50%, soit 2,65 euros par action, a déjà été versé le 6 mars dernier. Le solde du dividende de 2,65 euros par action sera détaché le 2 juillet 2024 pour une mise en paiement en numéraire, le 4 juillet 2024. L’Assemblée générale a renouvelé le mandat d’administr...
Gecina : Activité au 31 mars 2024 : Une dynamique de croissance souten...
PARIS--(BUSINESS WIRE)-- Regulatory News: Gecina (Paris:GFC) : Forte croissance des revenus locatifs sur les 3 premiers mois de l’année Revenus locatifs bruts 31-mars-23 31-mars-24 Variation (%) En millions d'euros Périm. courant Périm. constant Bureaux 133,2 141,2 +6,0% +6,3% Résidentiel 33,5 32,6 -2,8% +5,8% Total loyers bruts 166,7 173,8 +4,3% +6,2% - Contribution de l’indexation des loyers dans la continuité de 2023 (+5,2%) -...
- Jerôme Bodin
ODDO : Olympic Games and Euro 2024: a limited economic impact but an o...
In the run-up to the 2024 Summer Olympic Games and Euro 2024 football tournament, we have identified six stocks to favour: JCDecaux, Accor, Sodexo, adidas, Unibail-Rodamco-Westfield and easyJet. While these two major sporting events are not expected to have a significant impact on the host economies in the medium term, the microeconomic and sectoral impacts should be more marked. The tourism, transport, beverages and consumer goods sectors are expected to be the main winners. Som...
AC ACCOR SA
HEIA HEINEKEN NV
PUB PUBLICIS GROUPE SA
GET GETLINK SE
FRA FRAPORT AG
ADP AEROPORTS DE PARIS SA
BN DANONE SA
ADS ADIDAS AG
MC LVMH MOET HENNESSY LOUIS VUITTON SE
PUM PUMA SE
COV COVIVIO SA
RI PERNOD RICARD SA
RMS HERMES INTERNATIONAL SCA
ULVR UNILEVER PLC
RCO REMY COINTREAU SA
SW SODEXO SA
TFI TELEVISION FRANCAISE 1 SA
MMB LAGARDERE SCA
DEC JCDECAUX SA
NESN NESTLE S.A.
IAG INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA
PSM PROSIEBENSAT.1 MEDIA SE
GLO GL EVENTS SA
WIZZ WIZZ AIR HOLDINGS PLC
EZJ EASYJET PLC
WPP WPP PLC
ICAD ICADE SA
RY4C RYANAIR HOLDINGS PLC
RTLL RTL GROUP S.A.
MMT METROPOLE TELEVISION SA
SAX STROEER SE & CO. KGAA
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
ABI ANHEUSER-BUSCH INBEV SA/NV
DUFN DUFRY AG
CCEP COCA-COLA EUROPEAN PARTNERS PLC
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
FDJ LA FRANCAISE DES JEUX SA
CPR DAVIDE CAMPARI-MILANO N.V.
JDEP JDE PEET'S NV
FLE PEGASUS ENTREPRENEURIAL ACQUISITION CO EURO BV
AF AIR FRANCE - KLM
MFEA MEDIASET NV
- Jerôme Bodin
ODDO : Jeux Olympiques et Euro 2024 : un impact économique limité mais...
En amont des Jeux Olympiques d’été et de l’Euro de football 2024, nous identifions 6 valeurs à privilégier : JCDecaux, Accor, Sodexo, adidas, Unibail-Rodamco-Westfield et easyJet. Alors que ces deux évènements sportifs majeurs ne devraient pas avoir d’impact significatif sur les économies hôtes à moyen terme, les impacts microéconomiques et sectoriels devraient être plus marqués. Les secteurs du tourisme, des transports, des boissons et des biens de consommation devraient être l...
AC ACCOR SA
HEIA HEINEKEN NV
PUB PUBLICIS GROUPE SA
GET GETLINK SE
FRA FRAPORT AG
ADP AEROPORTS DE PARIS SA
BN DANONE SA
ADS ADIDAS AG
MC LVMH MOET HENNESSY LOUIS VUITTON SE
PUM PUMA SE
COV COVIVIO SA
RI PERNOD RICARD SA
RMS HERMES INTERNATIONAL SCA
ULVR UNILEVER PLC
RCO REMY COINTREAU SA
SW SODEXO SA
TFI TELEVISION FRANCAISE 1 SA
MMB LAGARDERE SCA
DEC JCDECAUX SA
NESN NESTLE S.A.
IAG INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA
PSM PROSIEBENSAT.1 MEDIA SE
GLO GL EVENTS SA
WIZZ WIZZ AIR HOLDINGS PLC
EZJ EASYJET PLC
WPP WPP PLC
ICAD ICADE SA
RY4C RYANAIR HOLDINGS PLC
RTLL RTL GROUP S.A.
MMT METROPOLE TELEVISION SA
SAX STROEER SE & CO. KGAA
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
ABI ANHEUSER-BUSCH INBEV SA/NV
DUFN DUFRY AG
CCEP COCA-COLA EUROPEAN PARTNERS PLC
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
FDJ LA FRANCAISE DES JEUX SA
CPR DAVIDE CAMPARI-MILANO N.V.
JDEP JDE PEET'S NV
FLE PEGASUS ENTREPRENEURIAL ACQUISITION CO EURO BV
AF AIR FRANCE - KLM
MFEA MEDIASET NV
ENGIE sees continued strong growth in renewables in the U.S.
ENGIE sees continued strong growth in renewables in the U.S. ENGIE ranks #1 globally as corporate clean power seller during record year in industry. HOUSTON, April 22, 2024 (GLOBE NEWSWIRE) -- , a leader in the Net Zero energy transition, envisions continued strong customer demand for its renewables solutions in the U.S. and aims to grow its number of integrated projects substantially. ENGIE was recently named the top corporate seller of clean power purchase agreements (PPAs) globally in what was a record year for PPAs, according to BloombergNEF’s (BNEF) 2023 full year rankings. Accor...
- Fehmi Ben Naamane
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 04/22/2024 Date Performance sin...
EPS growth prospects are brighter in the US than in Europe, which is justified given the differential in the growth and inflation outlook between the two regions. However, the adjustment that has taken place on EPS in Europe is a positive factor: we are now "at the price" ahead of the cyclical recovery that is taking shape for the rest of 2024. Sector-wise, the ongoing upward revision of EPS in travel & leisure, banks and media is expected to continue apace and provide support for sec...
GTT GAZTRANSPORT & TECHNIGAZ SA
WTB WHITBREAD PLC
G24 SCOUT24 AG
ICAD ICADE SA
ASC ASOS PLC
VIS VISCOFAN S.A.
SHOT SCANDIC HOTELS GROUP
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
MEL MELIA HOTELS INTERNATIONAL S.A.
NHH NH HOTEL GROUP SA
IHG INTERCONTINENTAL HOTELS GROUP PLC
PLX PLUXEE NV
- Benoit Valleaux
- Bruno Cavalier
- Steven Gould
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/22/2024
EPS growth prospects are brighter in the US than in Europe, which is justified given the differential in the growth and inflation outlook between the two regions. However, the adjustment that has taken place on EPS in Europe is a positive factor: we are now "at the price" ahead of the cyclical recovery that is taking shape for the rest of 2024. Sector-wise, the ongoing upward revision of EPS in travel & leisure, banks and media is expected to continue apace and provide support for sec...
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
MC LVMH MOET HENNESSY LOUIS VUITTON SE
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
SW SODEXO SA
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
ALO ALSTOM SA
01913 PRADA S.P.A.
ASM ASM INTERNATIONAL N.V.
MONC MONCLER SPA
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
HFG HELLOFRESH SE
KBX KNORR-BREMSE AG
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.