We have updated our model, lifting our FY25-27 EBITDA by c.9% and our PT to €0.38, to take into account an improving French grocery market, increasingly driven by an uptick in food inflation. Despite this improvement, we continue to forecast a covenant breach from Q3 26 and believe Mr Kretinsky wil
Aalberts reports the progress of its share buyback programme 16 June – 20 June 2025 Aalberts today reports that it has repurchased 99,111 of its own shares in the period from 16 June 2025, up to and including 20 June 2025, for an amount of EUR 2,939,682.20, so at an average share price of EUR 29.66. This is part of the share buyback programme as announced on 27 February 2025, for a total amount of EUR 75 million. The repurchase of shares commenced on 28 February 2025 and will be completed no later than 24 October 2025. It is intended that the shares will be cancelled following repurchase....
Our 14th edition of the ODDO BHF Nextcap Forum took place on 11 June in Paris, and on 12 June virtually. 96 companies and 170 investors were present for more than 700 meetings organized. Overall, we noted a still cautious tone from companies, with limited visibility on a solid rebound in a persistently uncertain market environment (geopolitical situation, US politics, etc.), even if there are some signs of recovery and certain sectors remain very well positioned (leisure, energy, defence). At th...
Aalberts reports the progress of its share buyback programme 09 June - 13 June 2025 Aalberts today reports that it has repurchased 2,500 of its own shares in the period from 09 June 2025, up to and including 13 June 2025, for an amount of EUR 78,285.24, so at an average share price of EUR 31.31. This is part of the share buyback programme as announced on 27 February 2025, for a total amount of EUR 75 million. The repurchase of shares commenced on 28 February 2025 and will be completed no later than 24 October 2025. It is intended that the shares will be cancelled following repurchase. Up ...
In general, a weaker USD has a negative impact on Benelux stocks, particularly for companies with significant exports to the US. In this note we selected a list of companies with high US export exposure and we examine the potential impact on FY25 earninings. On top of the weak dollar, rising trade tensions or the introduction of tariffs further harm Benelux exporters. As the dollar depreciates against the euro, European goods become costlier for American consumers. At the same time, revenues ear...
Our 14th edition of the ODDO BHF Nextcap Forum takes place on June 11 in Paris, and on June 12 virtually. Following the first day, which took place yesterday at our Paris office with 18 companies in attendance, we publish hereafter feedback for 15 of the companies present.
Aalberts N.V.: Aalberts successfully issues US Private Placement of USD 600 million Utrecht, 12 June 2025 Aalberts announces the successful signing and closing of Note Purchase Agreements for its inaugural debt issuance in the US Private Placement (USPP) market, securing a total equivalent amount of approximately USD 600 million. The transaction comprises approximately USD 500 million and EUR 100 million in Senior Notes, with maturities ranging from 5 to 12 years. Funding has been completed early June. This landmark issuance earmarks a significant milestone in the further optimisation o...
Aalberts reports the progress of its share buyback programme 02 June - 06 June 2025 Aalberts today reports that it has repurchased 2,500 of its own shares in the period from 02 June 2025, up to and including 06 June 2025, for an amount of EUR 77,778.34, so at an average share price of EUR 31.11. This is part of the share buyback programme as announced on 27 February 2025, for a total amount of EUR 75 million. The repurchase of shares commenced on 28 February 2025 and will be completed no later than 24 October 2025. It is intended that the shares will be cancelled following repurchase. Up...
Aalberts reports the progress of its share buyback programme 26 May – 30 May 2025 Utrecht, 3 June 2025 Aalberts today reports that it has repurchased 2,500 of its own shares in the period from 26 May 2025, up to and including 30 May 2025, for an amount of EUR 77,389, so at an average share price of EUR 30.96. This is part of the share buyback programme as announced on 27 February 2025, for a total amount of EUR 75 million. The repurchase of shares commenced on 28 February 2025 and will be completed no later than 24 October 2025. It is intended that the shares will be cancelled following ...
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