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 PRESS RELEASE

Three BASF women in manufacturing honored at the 2024 Women MAKE Award...

Three BASF women in manufacturing honored at the 2024 Women MAKE Awards FLORHAM PARK, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Three BASF leaders in manufacturing were among recognized nationally at The Manufacturing Institute’s (MI) annual Women MAKE Awards. This national awards program identifies top talent in manufacturing and further encourages award winners to mentor and support the next generation of female talent to pursue modern manufacturing careers. BASF’s 2024 award winners include: Women MAKE Honoree: Paula Clark, Manager, Services & StrategyWomen MAKE Honoree: Katie Cook, TP...

Gerardo Ibanez ... (+2)
  • Gerardo Ibanez
  • Steven Boumans

ODDO BHF Small & MIDCAP MORNING NEWS - 05/08/2024 Date Performance sin...

Unifiedpost is a niche SaaS player in the e-invoicing and procurement channel space. Regulatory headwinds mean this market is ripe for growth, which should benefit Unifiedpost. Due to some unsuccessful past M&A, the company is in a challenging financial position today. However, it has recently embarked on a divestment path, aiming to streamline the business and improve its fundamentals. We like the new direction, however prefer to take a wait-and-see approach. - ...

Gerardo Ibanez ... (+2)
  • Gerardo Ibanez
  • Steven Boumans

ODDO BHF Small & MIDCAP MORNING NEWS - 08/05/2024 Date Performance dep...

Unifiedpost is a niche SaaS player in the e-invoicing and procurement channel space. Regulatory headwinds mean this market is ripe for growth, which should benefit Unifiedpost. Due to some unsuccessful past M&A, the company is in a challenging financial position today. However, it has recently embarked on a divestment path, aiming to streamline the business and improve its fundamentals. We like the new direction, however prefer to take a wait-and-see approach. - ...

Emmanuel Matot
  • Emmanuel Matot

Arkema : Q1 2024 results contained some good news

>Key takeaways from the conference call - Following the publication of the Q1 2024 results yesterday morning, followed by the conference call with management, we would like to highlight the following points:The environment in terms of demand remained unchanged in Q1 2024, extending the trend seen in Q4 2023 with low volumes (0%). There are no clear signs of recovery, but there are some positive elements that need to be confirmed. Visibility is still too low to pe...

Michael B. Schäfer
  • Michael B. Schäfer

Evonik Industries AG : Final Q1 EBITDA of € 522m = prelims; FY outlook...

>Final Q1 in line with strong mid-April preliminaries - Evonik reported its final Q1 results today, confirming the preliminary results issued mid-April when Q1 EBITDA of € 522m came in 16% above the consensus of € 450m thanks to much better specialty additives. The outlook for EBITDA 24 of € 1.7-2.0bn (css € 1.9bn) was already confirmed in mid-April.Final Q1 24 EBITDA of € 522m confirms preliminary results, FCF growth on tight NWC management - Evonik...

Michael B. Schäfer
  • Michael B. Schäfer

Lanxess : Q1 EBITDA € 101m in-line; expects 10-20% EBITDA 24 growth, l...

>Q1 EBITDA pre of € 101m in line with consensus of € 98m - Group sales declined by 15% y-o-y to € 1,607m (css € 1,578m) including volume decline by 5.4% y-o-y (Q4 23: -12% y/y) but up 13% q-o-q. Price erosion was 9.2% y-o-y and just -1% q-o-q. EBITDA pre of € 101m was in line with consensus/ODDO BHF estimates of € 98m and down 47% y-o-y on a high comparison base. EBITDA pre regained slightly from € 97m in Q4 2023. Activity pick-up throughout Q1 pushed receivables, wei...

Hilde Van Boxstael ... (+8)
  • Hilde Van Boxstael
  • Jacob Mekhael
  • Kristof Samoy
  • Michiel Declercq
  • Sharad Kumar S.P
  • Thomas Vranken
  • Wim Hoste
  • Wim Lewi

Morning Notes : ABI BB, AD NA, BEKB BB, EURN BB, GBLB BB, MONT BB, SOL...

: ABI BB, AD NA, BEKB BB, EURN BB, GBLB BB, MONT BB, SOLB BB, MAAT FP

Wim Hoste
  • Wim Hoste

Solvay Model update post 1Q, reconfirming our BUY rating

We upped our FY24 adjusted EBITDA forecast by 2% following the better than expected 1Q24 results. After the recent spun off of Syensqo, Solvay is a base chemicals group with leading market and technology positions in the vast majority of its businesses. The company will be managed with a conservative financial approach, favouring dividends over aggressive growth and operating with a solid balance sheet (1.4x leverage). The stable to growing dividend flow implies a solid 7% dividend yield. Other ...

Emmanuel Matot
  • Emmanuel Matot

Arkema : Quelques bonnes nouvelles en provenance de la publication T1

>Principaux points à retenir suite à la conférence téléphonique - Suite à la publication des résultats trimestriels hier matin suivie par la conférence téléphonique des dirigeants, nous retiendrons :L'environnement reste inchangé au T1 24 au niveau de la demande, dans la continuité du T4 2023 avec de faibles volumes (0%). Il n'y a pas de signe clair de reprise mais quelques éléments positifs qui doivent être confirmés. La visibilité est toujours présentée comme t...

Wim Hoste
  • Wim Hoste

Solvay Conference call feedback

Below are the highlights from the conference call. 1Q underlying EBITDA dropped by 13.6% organically to 265m which was 13% better than our forecast and 12% above CSS. Solvay reiterated its FY uEBITDA guidance which calls for a 10-20% organic decline vs the restated 2023 base. After the recent spun off of Syensqo, Solvay is a base chemicals group with leading market and technology positions in the vast majority of its businesses. The company will be managed with a conservative financial approach...

 PRESS RELEASE

Arkema : Déclaration des transactions sur actions propres réalisées du...

PARIS--(BUSINESS WIRE)-- Regulatory News: Arkema (Paris:AKE) : Déclaration des transactions sur actions propres réalisées du 29 avril au 03 mai 2024 Nom de l'émetteur Code identifiant de l'émetteur 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 ARKEMA 9695000EHMS84KKP2785 5/2/2024 FR0010313833 7000 97,7432 XPAR ARKEMA 9695000EHMS84KKP2785 5/3/2024 FR0010313833 7000 9...

 PRESS RELEASE

Air Liquide : MODIFICATION DE CAPITAL

PARIS--(BUSINESS WIRE)-- Regulatory News: Air Liquide (Paris:AI) : Réduction de capital par annulation d’actions Faisant usage de l’autorisation donnée par l’Assemblée Générale Mixte du 3 Mai 2023 en sa 18ème résolution, le Conseil d’Administration dans sa séance du 30 avril 2024 a décidé de réduire le capital social d’un montant de 3 448 500 euros pour le ramener de 2 884 842 279,00 euros à 2 881 393 779,00 euros par annulation de 627 000 (six cent vingt sept mille) actions acquises en vertu de l’autorisation donnée par l’Assemblée Générale Ordinaire du 3 mai 2023 (dans sa 4ème résoluti...

Emmanuel Matot
  • Emmanuel Matot

Arkema : No major surprises in the quarterly publication

>EBITDA down in Q1 but not by as much as expected - Arkema has just reported its Q1 2024 results. EBITDA was down 5% to € 350m, 3% above forecasts (ODDO BHF / consensus = € 340m/€ 341m) and 6% above the guidance (€ 331m corresponding to Q4 2023).The group continues to operate in a context of weak demand (volumes = 0%, of which +3% for speciality chemicals and -28% intermediates – as a reminder Q4 2023= +2%). By division, adhesives and advanced materials delivere...

Emmanuel Matot
  • Emmanuel Matot

Arkema : Publication trimestrielle sans surprise majeure

>EBITDA en baisse au T1 mais moins que prévu - Arkema vient de publier ses résultats T1 2024. L’EBITDA ressort en baisse de 5% à 350 M€, un niveau 3% au-dessus des attentes (ODDO BHF / consensus = 340/341 M€) et 6% au-dessus de la guidance (331 M€ correspondant au T4 2023).Le groupe a continué d’opérer dans un contexte de faible demande (volumes = 0% dont +3% pour les spécialités et -28% pour les intermédiaires – rappel T4 2023= +2%). Par division, les Adhésifs ...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Adecco: 1Q24 in line; stable trends into 2Q24. Arcadis: Interesting contract in Ontario. NSI: Further comments on the First Sponsor move. Philips: Healthineers reports 2Q24 update. Solvay: Solid 1Q24 EBITDA beat, FY consensus looks rather cautious now

Hilde Van Boxstael ... (+4)
  • Hilde Van Boxstael
  • Sharad Kumar S.P
  • Wim Hoste
  • Wim Lewi
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