AMS Osram released its Q4 and FY 2025 numbers yesterday. The Q4 performance was soft but outperformed our and the street's expectations, and was well above the mid-point of guidance, thanks to a robust aftermarket business. Positively, pro-forma net leverage (company methodology) dropped to 2.5x. While 2026 is expected to be a transition year, credit stats should improve substantially from 2027 onwards. We believe the bonds offer broadly fair value.
In today's Morning Views publication we comment on developments of the following high yield issuers: Verisure, AMS Osram, International Personal Finance, Bombardier, TK Elevator, Rekeep, Ontex, TUI, Allwyn (formerly Sazka), Samvardhana Motherson, Adler Pelzer, Canpack, Iceland Foods
Changes in Nokia Corporation's own shares Nokia CorporationStock Exchange Release10 February 2026 at 16:15 EETChanges in Nokia Corporation's own shares Espoo, Finland – A total of 2 622 652 Nokia shares (NOKIA) held by the company were transferred today without consideration to participants of Nokia's equity-based incentive plans in accordance with the rules of the plans. The transfer is based on the resolution of the Board of Directors to issue shares held by the company to settle its commitments to participants of the incentive plans as announced on 2 October 2025. The number of own sha...
Muutokset Nokia Oyj:n omien osakkeiden omistuksessa Nokia OyjPörssitiedote10.2.2026 klo 16.15Muutokset Nokia Oyj:n omien osakkeiden omistuksessa Espoo – Nokia on tänään luovuttanut 2 622 652 yhtiön hallussa ollutta Nokian osaketta (NOKIA) vastikkeetta suorituksena Nokian osakepohjaisiin kannustinohjelmiin osallistuneille henkilöille ohjelmien ehtojen mukaisesti. Osakkeiden luovutus perustuu 2.10.2025 julkistettuun hallituksen päätökseen yhtiön hallussa olevien osakkeiden antamisesta kannustinohjelmien mukaisten sitoumusten täyttämiseksi. Nokia Oyj:n hallussa olevien omien osakke...
Nokia Corporation - Managers' transactions (Heard) Nokia CorporationManagers’ transactions10 February 2026 at 16:15 EETNokia Corporation - Managers' transactions (Heard) Transaction notification under Article 19 of EU Market Abuse Regulation.____________________________________________Person subject to the notification requirementName: Heard, David Position: Other senior manager Issuer: Nokia CorporationLEI: 549300A0JPRWG1KI7U06Notification type: INITIAL NOTIFICATIONReference number: 142352/5/4____________________________________________ Transaction date: 2026-02-10Outside a trading venu...
Nokia Oyj - Johtohenkilöiden liiketoimet (Heard) Nokia OyjJohtohenkilöiden liiketoimet10.2.2026 klo 16.15Nokia Oyj - Johtohenkilöiden liiketoimet (Heard) Markkinoiden väärinkäyttöasetuksen 19. artiklan mukainen ilmoitus liiketoimesta.____________________________________________IlmoitusvelvollinenNimi: Heard, DavidAsema: Muu ylin johto Liikkeeseenlaskija: Nokia CorporationLEI: 549300A0JPRWG1KI7U06Ilmoituksen luonne: ENSIMMÄINEN ILMOITUSViitenumero: 142352/5/4____________________________________________ Liiketoimen päivämäärä: 2026-02-10Kauppapaikka ei sovellu...
STMicroelectronics présente le premier microcontrôleur automobile avec un accélérateur d’IA pour l’intelligence embarquée STMicroelectronics présente le premier microcontrôleur automobile avec un accélérateur d’IA pour l’intelligence embarquée Le microcontrôleur pour automobile Stellar P3E permet des applications d’IA embarquées en temps réel, ce qui améliore considérablement l’intelligence du véhicule.Il simplifie l’intégration multifonctionnelle pour les unités de contrôle électronique X-in-1. Le Stellar P3E offre des performances flexibles et en temps réel pour des applications sûres et...
STMicroelectronics introduces the first automotive microcontroller with AI acceleration for edge intelligence STMicroelectronics introduces the first automotive microcontroller with AI acceleration for edge intelligence Stellar P3E automotive microcontroller (MCU) enables real-time AI applications at the edge significantly enhancing vehicle intelligenceSimplifies multi-function integration for X-in-1 Electronic Control Units Delivers flexible, real-time performance for safe, responsive applications from hybrid/EV systems to body zonal architectures Geneva, February 10, 2026 -- STMicroelec...
STMicroelectronics expands strategic engagement with Amazon Web Services to enable new high performance compute infrastructure for cloud and AI data centers PR N°C3385C STMicroelectronics expands strategic engagement with Amazon Web Services to enable new high performance compute infrastructure for cloud and AI data centers Geneva, February 9, 2026 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, today announced an expanded strategic collaboration with Amazon Web Services (AWS) through a multi-year, multi-bi...
STMicroelectronics élargit son engagement stratégique avec Amazon Web Services pour une nouvelle infrastructure de calcul haute performance dans les data centers pour le cloud et l’IA PR N° C3385C STMicroelectronics élargit son engagement stratégique avec Amazon Web Services pour une nouvelle infrastructure de calcul haute performance dans les data centers pour le cloud et l’IA Genève, le 9 février 2026 – STMicroelectronics (NYSE : STM), un leader mondial des semiconducteurs dont les clients couvrent toute la gamme des applications électroniques, annonce aujourd’hui une collaboration stra...
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