reports
- ABGSC Capital Goods Research
- Anders Idborg
- Karl Bokvist
- Olof Cederholm
VOLV B VOLVO AB CLASS B
WRT1V WARTSILA OYJ ABP
ABB ABB LTD.
SAND SANDVIK AB
TREL B TRELLEBORG AB CLASS B
MOCORP METSO OUTOTEC OYJ
ASSA B ASSA ABLOY AB CLASS B
SKF B SKF AB CLASS B
HPOL B HEXPOL AB CLASS B
ALFA ALFA LAVAL AB
MTRS B MUNTERS GROUP
HEXA B HEXAGON AB
EPI A EPIROC AB
NIBE B NIBE INDUSTRIER AB
ATCO A ATLAS COPCO AB
ALIV SDB AUTOLIV INC.
- Matt Quigley
- Tom Nikic
- Delphine Brault
- Quentin Borie
Assa Abloy : Feedback CMD : une stratégie rodée et réaffirmée
>Des objectifs financiers et une stratégie inchangés - Lors de son CMD, qui s’est tenu hier, Assa Abloy a confirmé, sans surprise, ses objectifs financiers : i/ une croissance du CA de 10% par an sur un cycle complet (5% en organique et 5% via les acquisitions) et ii/ une marge d’EBIT comprise entre 16% et 17%. Dès lors, le groupe prévoit d’atteindre un CA >220 MdSEK et un EBIT >35 MdSEK en 2028, ce qui se compare avec un CA de 144 MdSEK et un EBIT de 22.4 MdSEK ...
- Julian Dobrovolschi
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/15/2024
With 71% of the companies in the Stoxx 600 having released their Q1 2024 results, the picture at this stage is encouraging, with 58% of positive surprises on results. Materials and financials were the sectors that delivered the most positive surprises. If the Q4 2023 earnings season put an end to a downward revision of EPS, the Q1 2024 earnings season has triggered the start of an upward EPS revision, more markedly in the US than in Europe. In terms of sectors, re-rating effects conti...
VIE VEOLIA ENVIRONNEMENT SA
TKA THYSSENKRUPP AG
FGR EIFFAGE SA
HNR1 HANNOVER RUECK SE
GBF BILFINGER SE
CPG COMPASS GROUP PLC
MRK MERCK KGAA
EOAN E.ON SE
ALO ALSTOM SA
GRF GRIFOLS S.A. CLASS A
RWE RWE AG
LEG LEG IMMOBILIEN AG
ASSA B ASSA ABLOY AB CLASS B
ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
WLN WORLDLINE SA
GRF.P GRIFOLS S.A. PREF CLASS B
HLAG HAPAG-LLOYD AG
REY REPLY S.P.A.
NEXI NEXI S.P.A.
AZE AZELIS GROUP NV
NCH2 THYSSENKRUPP NUCERA AG & CO.
- Julian Dobrovolschi
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/05/2024
Alors que 71% des sociétés du Stoxx 600 ont publié, le bilan est à ce stade positif avec 58% de surprises positives sur les résultats. Matériaux et Financières sont les secteurs ayant apporté le plus de surprises positives. Le consensus – qui avait stoppé sa baisse durant les publications T4-23, est désormais reparti à la hausse, plus nettement aux Etats-Unis qu’en Europe. Sectoriellement, les effets de rerating ont continué de dominer les révisions de BPA. - ...
VIE VEOLIA ENVIRONNEMENT SA
TKA THYSSENKRUPP AG
FGR EIFFAGE SA
HNR1 HANNOVER RUECK SE
GBF BILFINGER SE
CPG COMPASS GROUP PLC
MRK MERCK KGAA
EOAN E.ON SE
ALO ALSTOM SA
GRF GRIFOLS S.A. CLASS A
RWE RWE AG
LEG LEG IMMOBILIEN AG
ASSA B ASSA ABLOY AB CLASS B
ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
WLN WORLDLINE SA
GRF.P GRIFOLS S.A. PREF CLASS B
HLAG HAPAG-LLOYD AG
REY REPLY S.P.A.
NEXI NEXI S.P.A.
AZE AZELIS GROUP NV
NCH2 THYSSENKRUPP NUCERA AG & CO.
- Delphine Brault
- Quentin Borie
Assa Abloy : Feedback from the CMD: tried and tested strategy reassert...
>Financial targets and strategy unchanged - At the yesterday’s CMD, Assa Abloy confirmed as expected its financial targets: i/ growth in revenues of 10% per year over a full cycle (5% organic growth and 5% from acquisitions) and ii/ an EBIT margin between 16% and 17%. Thus, group therefore aims to achieve sales of >SEK 220bn and EBIT of >SEK 35bn in 2028, compared with sales of SEK 144bn and EBIT of SEK 22.4bn in the last 12 months.The main growth drivers ar...
EQS-News: PUMA appoints Bas van den Bemt as Managing Director Central ...
EQS-News: PUMA SE / Key word(s): Personnel PUMA appoints Bas van den Bemt as Managing Director Central Europe 15.05.2024 / 10:00 CET/CEST The issuer is solely responsible for the content of this announcement. PRESS RELEASE PUMA appoints Bas van den Bemt as Managing Director Central Europe Herzogenaurach, May 15, 2024 – Sports company PUMA has appointed Bas van den Bemt (51) as its new Managing Director Central Europe, starting July 1, 2024. In his new role, Bas will oversee PUMA’s business in the DACH and Benelux regions and report to Javier Ortega, Managing Director...
EQS-News: PUMA ernennt Bas van den Bemt zum Managing Director Central ...
EQS-News: PUMA SE / Schlagwort(e): Personalie PUMA ernennt Bas van den Bemt zum Managing Director Central Europe 15.05.2024 / 10:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. PRESSEMITTEILUNG PUMA ernennt Bas van den Bemt zum Managing Director Central Europe Herzogenaurach, 15. Mai 2024 - Das Sportunternehmen PUMA hat Bas van den Bemt (51) zum neuen Managing Director Central Europe ernannt. In seiner neuen Funktion wird er ab 1. Juli 2024 die Geschäfte von PUMA in der DACH- und Benelux-Region leiten und an Javier Ortega, Man...
- ABGSC Capital Goods Research
- Anders Idborg
- Karl Bokvist
- Olof Cederholm
- ABGSC Capital Goods Research
- Anders Idborg
- Karl Bokvist
- Olof Cederholm
Vivendi : Déclaration des transactions sur actions propres réalisées d...
PARIS--(BUSINESS WIRE)-- Regulatory News: Vivendi (Paris:VIV): Nom de l'émetteur Code identifiant de l'émetteur (code LEI) Jour de la transaction Code identifiant de l'instrument financier Volume total journalier (en nombre de titres) Prix pondéré moyen journalier d'acquisition Code identifiant marché VIVENDI 969500FU4DRAEVJW7U54 5/6/2024 FR0000127771 63 429 9,7796 XPAR VIVENDI 969500FU4DRAEVJW7U54 5/6/2024 FR0000127771 23 534 9,7829 CEUX VIVENDI 969500FU4DRAEVJW7U54 5/...
- Louis Boujard
- CFA
- Philippe Ourpatian
- Louis Boujard
- CFA
- Philippe Ourpatian
- Anthony Dick
- Michael Foundoukidis
Pirelli : Good start to the year
>Q1 slightly better than expected, full-year guidance confirmed - Pirelli's Q1 2024 results, reported yesterday, just beat expectations (+2% for adjusted EBIT), driven by volume growth and a robust price mix which more than offset the forex headwinds. This start to the year looks to further confirm the tyre maker’s good positioning and its capacity to benefit from still favourable momentum in the premium segment. The group also fully confirmed its full-year guidance, ...
- Mattias Holmberg
Assa Abloy (Buy, TP: SEK355.00) - 50% rise in EBIT by 2028e
We expect limited share price-moving news, and financial targets to be unchanged (10% sales growth and 16–17% EBIT margin) at Assa Abloy’s CMD, which is set for 14–15 May in Prague. However, as it is on track to reach its 2026 ambition of SEK150bn in sales and SEK25bn in EBIT two years early, we believe it could launch new ambitions for 2028, 2029 or 2030 of cSEK223bn–269bn in sales and cSEK37bn–45bn in EBIT, implying a possible double-digit EBIT CAGR from 2024e. We have made small changes to ou...
- Anthony Dick
- Michael Foundoukidis
Pirelli : Un bon début d’année
>Un T1 légèrement meilleur qu’attendu, guidance annuelle confirmée - Pirelli a publié, hier, des résultats T1 2024 légèrement supérieurs aux attentes (+2% sur l’EBIT l’ajusté), portés par une croissance des volumes et un prix/mix robuste qui ont plus que compensé les vents contraires des devises. Ce début d’année semble à nouveau confirmer le bon positionnement du pneumaticien et sa capacité à tirer profit du momentum toujours favorable sur le segment premium. Au-delà...
- Matt Quigley
- Tom Nikic
- Jerôme Bodin
INFINEON INFINEON TECHNOLOGIES AG
BMW BAYERISCHE MOTOREN WERKE AG
G1A GEA GROUP AG
PUM PUMA SE
AFX CARL ZEISS MEDITEC AG
UTDI UNITED INTERNET AG
ALO ALSTOM SA
ELE ENDESA S.A.
GEBN GEBERIT AG
RWE RWE AG
FRE FRESENIUS SE & CO. KGAA
HEI HEIDELBERGCEMENT AG
VER VERBUND AG CLASS A
RY4C RYANAIR HOLDINGS PLC
RTLL RTL GROUP S.A.
SIX2 SIXT SE
BC8 BECHTLE AG
AMS AMADEUS IT GROUP SA CLASS A
EVK EVONIK INDUSTRIES AG
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
RACE FERRARI NV
ABI ANHEUSER-BUSCH INBEV SA/NV
LDO LEONARDO SPA
AD KONINKLIJKE AHOLD DELHAIZE N.V.
AZN ASTRAZENECA PLC
BP. BP P.L.C.
KBX KNORR-BREMSE AG
CPR DAVIDE CAMPARI-MILANO N.V.
ENR SIEMENS ENERGY AG
UN0 UNIPER SE
- Jerôme Bodin
INFINEON INFINEON TECHNOLOGIES AG
BMW BAYERISCHE MOTOREN WERKE AG
G1A GEA GROUP AG
PUM PUMA SE
AFX CARL ZEISS MEDITEC AG
UTDI UNITED INTERNET AG
ALO ALSTOM SA
ELE ENDESA S.A.
GEBN GEBERIT AG
RWE RWE AG
FRE FRESENIUS SE & CO. KGAA
HEI HEIDELBERGCEMENT AG
VER VERBUND AG CLASS A
RY4C RYANAIR HOLDINGS PLC
RTLL RTL GROUP S.A.
SIX2 SIXT SE
BC8 BECHTLE AG
AMS AMADEUS IT GROUP SA CLASS A
UCG UNICREDIT S.P.A.
EVK EVONIK INDUSTRIES AG
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
RACE FERRARI NV
ABI ANHEUSER-BUSCH INBEV SA/NV
LDO LEONARDO SPA
AD KONINKLIJKE AHOLD DELHAIZE N.V.
AZN ASTRAZENECA PLC
BP. BP P.L.C.
KBX KNORR-BREMSE AG
CPR DAVIDE CAMPARI-MILANO N.V.
ENR SIEMENS ENERGY AG
UN0 UNIPER SE
- Andreas Riemann
Puma : Q1 out - Sales flat but profits decrease less than expected
>Sales flat across all major regions, profitability down - In Q1, sales were flat excluding FX at € 2,102m (consensus: € 2,087m, ODDO BHFe: € 2,099m) in line with expectations. Regions: EMEA flat, Americas +1% and Asia +1%. Channels: DTC +14% but Wholesale was 3%. EBIT decreased 9% to € 159m (consensus: € 151m, ODDO BHFe: € 156m) which was 6% above consensus. This implies a margin of 7.6% (down 50bp) mainly on negative FX effects and a higher opex ratio due to report...
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.