reports
- Emmanuel Matot
- Marc Lavaud
- Michael Foundoukidis
- Emmanuel Matot
- Marc Lavaud
- Michael Foundoukidis
- Baptiste Lebacq
Schoeller Bleckmann : AMS weighs on the composition of results
>Outperform, target price € 54 - Following the earnings release and the conference call, we have very marginally adjusted our 2024-2026e EBITDA forecast. International momentum via AMS business is showing signs of an inflection (destocking, pressure on prices, etc.). The decline in the EPS estimates at the group level is due solely to adjustments for this division.The aim to ramp up on new businesses should be clarified in early 2025 and could materialise through...
- Baptiste Lebacq
Schoeller Bleckmann : AMS pèse sur la formation des résultats
>Opinion Surperformance et OC abaissé à 54 € - Post publication et conférence call, nous avons très marginalement ajusté notre séquence d’EBITDA 2024/2026e. La dynamique à l’International montre des signes d’inflexion (déstockage, pression sur les prix…). La baisse des BPA au niveau du groupe provient uniquement d’ajustements au niveau de cette division.La volonté d’accélération sur de nouveaux métiers devrait être clarifiée début 2025 et pourrait passer par des ...
EQS-News: SBO with solid results and higher cash flow in a challenging...
EQS-News: Schoeller-Bleckmann Oilfield Equipment AG / Key word(s): 9 Month figures/Quarter Results SBO with solid results and higher cash flow in a challenging market environment 21.11.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. SBO with solid results and higher cash flow in a challenging market environment 1-9/2024: Sales of MEUR 425.6 sustained by 8.7% growth in the OE division, EBIT at MEUR 51.8, free cash flow improved to MEUR 42.5 Q3 2024: OE division with significant sales and EBIT improvement, AMS division sales a...
EQS-News: SBO mit soliden Ergebnissen und höherem Cashflow in herausfo...
EQS-News: Schoeller-Bleckmann Oilfield Equipment AG / Schlagwort(e): 9-Monatszahlen/Quartalsergebnis SBO mit soliden Ergebnissen und höherem Cashflow in herausforderndem Marktumfeld 21.11.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. SBO mit soliden Ergebnissen und höherem Cashflow in herausforderndem Marktumfeld 1-9/2024: Umsatz von MEUR 425,6 durch 8,7% Wachstum in der OE-Division unterstützt, EBIT bei MEUR 51,8, Freier Cashflow auf MEUR 42,5 verbessert Q3 2024: OE-Division mit deutlicher Umsatz- und EBIT-Verbesse...
- Oliver Metzger
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 10/01/2024
Like Astérix in the album of the same name, Michel Barnier has a cauldron to fill. Two measures to manage this have “leaked” in the press in the last few days: a reduction in the CIR research tax credit and an exceptional tax increase on large companies. We measured the sensitivity to these two measures of the 90 and 80 companies most concerned in our coverage universe. 20 companies have a CIR >5% of their EBIT and 22 companies would see their EPS fall by more than 5% due to the addit...
- Oliver Metzger
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 01/10/2024
Comme Astérix dans l’album éponyme, Barnier a un chaudron à remplir. Deux mesures pour y parvenir ont « fuité » ces derniers jours dans la presse : rabotage du CIR (Crédit d’impôt Recherche) et hausse « exceptionnelle » de l’impôt des sociétés sur les grands groupes. Nous avons mesuré la sensibilité des 90 et 80 sociétés les plus concernées dans notre univers de couverture à ces deux mesures. 20 sociétés ont un CIR > 5% de leur EBIT et 22 sociétés verraient leurs BPA baisser de plus d...
- Baptiste Lebacq
Schoeller Bleckmann : Momentum in North America taking a toll
>Outperform rating and target price adjusted to € 65 - Following a company contact and based on a scenario of business recovery in the US that is taking longer to materialise than expected, we have lowered our earnings forecast by 25% for 2024-2026e on average. We maintain our Outperform rating with an adjusted target price of € 65 (vs € 70). Our target price is still based on an EV/EBITDA NTM multiple of 8.5x (average seen over the last 20 years, we are at the h...
- Baptiste Lebacq
Schoeller Bleckmann : Le momentum en Amérique du Nord pèse
>Opinion Surperformance maintenue et OC ajusté à 65 € - Post contact société et compte tenu d’un scénario de reprise de l’activité aux Etats-Unis qui met plus de temps à se matérialiser, nous revoyons en baisse nos attentes de résultats de 25% en moyenne sur 2024/26e. Nous réitérons notre recommandation Surperformance avec un OC ajusté à 65 € (vs 70 €). Notre OC reste basé sur un multiple de VE/EBITDA NTM de 8.5x (moyenne observée au cours des 20 dernières anné...
EQS-News: SBO erzielt hohen Cashflow trotz geringerem Ergebnis, treibt...
EQS-News: Schoeller-Bleckmann Oilfield Equipment AG / Schlagwort(e): Halbjahresergebnis SBO erzielt hohen Cashflow trotz geringerem Ergebnis, treibt strategische Expansion in Wachstumsregionen voran 22.08.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Presseaussendung SBO erzielt hohen Cashflow trotz geringerem Ergebnis, treibt strategische Expansion in Wachstumsregionen voran Umsatz im 1. Halbjahr 2024 mit MEUR 288,1 nahezu auf dem Rekordniveau von 2023 Konzern-EBIT mit MEUR 36,6 deutlich unter Vorjahresniveau durc...
EQS-News: SBO with high cash flow despite lower earnings, advancing st...
EQS-News: Schoeller-Bleckmann Oilfield Equipment AG / Key word(s): Half Year Results SBO with high cash flow despite lower earnings, advancing strategic expansion into growth regions 22.08.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Press release SBO with high cash flow despite lower earnings, advancing strategic expansion into growth regions H1 2024 sales of MEUR 288.1 remained close to the record level of 2023 Group EBIT of MEUR 36.6 well below last year due to an earnings shortfall in the OE division; the AMS divisi...
- Ahmed Ben Salem
- Marc Lavaud
- Thijs Berkelder
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
PGS PGS ASA
BOSS HUGO BOSS AG
ENI ENI S.P.A.
NEX NEXANS SA
ERA ERAMET SA
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
SAE SHOP APOTHEKE EUROPE NV
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
PLX PLUXEE NV
- Ahmed Ben Salem
- Bruno Cavalier
- Marc Lavaud
- Thijs Berkelder
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
PGS PGS ASA
BOSS HUGO BOSS AG
ENI ENI S.P.A.
NEX NEXANS SA
ERA ERAMET SA
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
SAE SHOP APOTHEKE EUROPE NV
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
PLX PLUXEE NV
- Ahmed Ben Salem
- Marc Lavaud
- Thijs Berkelder
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/04/2024
Sartorius is set to outperform the underlying biopharmaceutical market based on higher exposure to novel biologics and its focus on single-use components. Destocking is likely to end soon but the changing ordering pattern could distort order intake as KPI and organic growth should recover faster. In our view, the expected cut to its FY 2024 guidance is already largely reflected in the share price. Based on the expected turnaround, we have upgraded to Outperform with a new target price...
AKRBP AKER BP ASA
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
RI PERNOD RICARD SA
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
ADEN ADECCO GROUP AG
PGS PGS ASA
ZAL ZALANDO SE
ENI ENI S.P.A.
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
EVK EVONIK INDUSTRIES AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
- Ahmed Ben Salem
- Marc Lavaud
- Thijs Berkelder
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 04/07/2024
Sartorius is set to outperform the underlying biopharmaceutical market based on higher exposure to novel biologics and its focus on single-use components. Destocking is likely to end soon but the changing ordering pattern could distort order intake as KPI and organic growth should recover faster. In our view, the expected cut to its FY 2024 guidance is already largely reflected in the share price. Based on the expected turnaround, we have upgraded to Outperform with a new target price...
AKRBP AKER BP ASA
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
RI PERNOD RICARD SA
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
ADEN ADECCO GROUP AG
PGS PGS ASA
ZAL ZALANDO SE
ENI ENI S.P.A.
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
EVK EVONIK INDUSTRIES AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
- Ahmed Ben Salem
- Baptiste Lebacq
- Thijs Berkelder
ODDO : Trump / Biden: Drill Baby Drill vs IRA? Not such a clear-cut eq...
>Elections for the no.1 oil producer on 5 November - The first debate between Trump and Biden on CNN last week did not address the questions/challenges surrounding energy. At the end of this very unique year (almost half of the global population will go to, or has already been to, the ballot box), all eyes will be on the US elections (5 November 2024), a country that has become the world’s no.1 oil producer (production growth of 19% under the Biden mandate, see char...
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
PGS PGS ASA
ENI ENI S.P.A.
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
- Ahmed Ben Salem
- Baptiste Lebacq
- Thijs Berkelder
ODDO : Trump / Biden : Drill Baby Drill versus IRA ? Une équation pas ...
>Elections chez le premier producteur de pétrole le 5 novembre - Le premier débat entre Trump et Biden qui s’est déroulé sur CNN la semaine dernière n’a pas abordé les questions/ enjeux énergétiques. En cette fin d’année si particulière (près de la moitié de la population mondiale passera ou est passée par les urnes), les yeux seront rivés sur les élections américaines (5 novembre 2024) qui est devenu le premier producteur mondial de pétrole (croissance de la product...
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
PGS PGS ASA
ENI ENI S.P.A.
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
Schoeller-Bleckmann Oilfield Equipment AG: 1 director
A director at Schoeller-Bleckmann Oilfield Equipment AG bought 1,050 shares at 38.280EUR and the significance rating of the trade was 54/100. 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...
- Jeremy Garnier
ODDO : ODDO BHF Nextcap Forum: Feedback from day two
Feedback from 12 companies present on day two - >Our 13th edition of the ODDO BHF Nextcap Forum takes place on June 4 and 5 in Paris, and on June 6 virtually. Following the second day, which took place yesterday at our Paris office with 16 companies in attendance, we publish hereafter feedback for twelve of the companies present:AubayCompagnie Des AlpesDelfingenDerichebourgGL EventsInfotelKalrayKnaustabbertNaconProdway...
ALLIX WALLIX GROUP SA
DBG DERICHEBOURG SA
F3C SFC ENERGY AG
INF INFOTEL SA
ALDEL DELFINGEN INDUSTRY SA
AUB AUBAY SA
GLO GL EVENTS SA
CDA COMPAGNIE DES ALPES SA
BIG BIGBEN INTERACTIVE SA
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
EDR EDREAMS ODIGEO SA
MDM MAISONS DU MONDE SA
PWG PRODWAYS GROUP SA
ALKAL KALRAY SA
KTA KNAUS TABBERT
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