reports
Moody's affirms Amadeus' Baa2 long-term rating, outlook stable
Moody's Ratings (Moody's) has today affirmed the Baa2 and (P)Baa2 long-term issuer rating and senior unsecured EMTN program ratings of Amadeus IT Group S.A. (Amadeus or the company), respectively. Concurrently, Moody's has affirmed the Baa2 senior unsecured ratings of Amadeus. The company's P-2 shor...
- Research Department
IBERIAN DAILY 01 MARCH (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: ACCIONA, ACCIONA ENERGÍA, ACERINOX, ACS, AMADEUS, BBVA, CELLNEX, COLONIAL, ELECTRICITY SECTOR, ENCE, FCC, GRUPO CATALANA OCCIDENTE, MELIÁ HOTELES, MERLIN, VISCOFAN. IBEX remains stuck February ended with improved macro indicators (today we will learn euro zone inflation), sharp rises in most European indices (yesterday the gains were moderate) and with the IBEX lagging, staying just above 10,000 points. On the macro side, in Spain February’s inflation fell in line with expectation...
ANA ACCIONA SA
VIS VISCOFAN S.A.
FCC FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A.
AMS AMADEUS IT GROUP SA CLASS A
ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
GCO GRUPO CATALANA OCCIDENTE S.A.
MERLIN MERLIN PROPERTIES SOCIMI S.A.
CLNX CELLNEX TELECOM S.A.
BBVA BANCO BILBAO VIZCAYA ARGENTARIA S.A.
ANE CORPORACION ACCIONA ENERGIAS RENOVABLES SA
- Research Department
INFORME DIARIO 01 MARZO + RDOS. EUROPA 4T’23. IDEAS DESTACADAS Y PREVI...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA, ACCIONA ENERGÍA, ACERINOX, ACS, AMADEUS, BBVA, CELLNEX, COLONIAL, ENCE, FCC, GRUPO CATALANA OCCIDENTE, MELIÁ HOTELES, MERLIN, SECTOR ELÉCTRICO, VISCOFAN. EUROPA: N/A. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y con los previews de Rdos. 4T’23 que se publicarán en España y Europa en los próximos días. El Ibex sigu...
ANA ACCIONA SA
VIS VISCOFAN S.A.
FCC FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A.
AMS AMADEUS IT GROUP SA CLASS A
ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
GCO GRUPO CATALANA OCCIDENTE S.A.
ENC ENCE ENERGIA Y CELULOSA SA
MERLIN MERLIN PROPERTIES SOCIMI S.A.
CLNX CELLNEX TELECOM S.A.
MEL MELIA HOTELS INTERNATIONAL S.A.
BBVA BANCO BILBAO VIZCAYA ARGENTARIA S.A.
COL SM INMOBILIARIA COLONIAL (COL SM)
ANE CORPORACION ACCIONA ENERGIAS RENOVABLES SA
- Chaima Ferrandon
- Charlotte Vaisse
- Jean-Baptiste Rouphael
- Michael Foundoukidis
- Sven Edelfelt
LHN LAFARGEHOLCIM LTD.
BMW BAYERISCHE MOTOREN WERKE AG
1COV COVESTRO AG
GET GETLINK SE
VIE VEOLIA ENVIRONNEMENT SA
DGE DIAGEO PLC
RNO RENAULT SA
MTX MTU AERO ENGINES AG
FGR EIFFAGE SA
DAI DAIMLER AG
ADEN ADECCO GROUP AG
IAG INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA
ELE ENDESA S.A.
GN GN STORE NORD A/S
VOW3 VOLKSWAGEN AG PREF
EDW EDP RENOVAVEIS SA
AMS AMADEUS IT GROUP SA CLASS A
KGX KION GROUP AG
ASRNL ASR NEDERLAND NV
MONC MONCLER SPA
PRY PRYSMIAN S.P.A.
WLN WORLDLINE SA
NN NN GROUP N.V.
MERLIN MERLIN PROPERTIES SOCIMI S.A.
ABI ANHEUSER-BUSCH INBEV SA/NV
ARGX ARGEN-X SE
STLA STELLANTIS N.V.
UMG UNIVERSAL MUSIC GROUP NV
SHUR SHURGARD SELF STORAGE LIMITED
UN0 UNIPER SE
- Chaima Ferrandon
- Charlotte Vaisse
- Jean-Baptiste Rouphael
- Michael Foundoukidis
- Sven Edelfelt
LHN LAFARGEHOLCIM LTD.
BMW BAYERISCHE MOTOREN WERKE AG
1COV COVESTRO AG
GET GETLINK SE
VIE VEOLIA ENVIRONNEMENT SA
DGE DIAGEO PLC
RNO RENAULT SA
MTX MTU AERO ENGINES AG
FGR EIFFAGE SA
DAI DAIMLER AG
ADEN ADECCO GROUP AG
IAG INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA
ELE ENDESA S.A.
GN GN STORE NORD A/S
VOW3 VOLKSWAGEN AG PREF
EDW EDP RENOVAVEIS SA
AMS AMADEUS IT GROUP SA CLASS A
KGX KION GROUP AG
ASRNL ASR NEDERLAND NV
MONC MONCLER SPA
PRY PRYSMIAN S.P.A.
WLN WORLDLINE SA
NN NN GROUP N.V.
MERLIN MERLIN PROPERTIES SOCIMI S.A.
ABI ANHEUSER-BUSCH INBEV SA/NV
ARGX ARGEN-X SE
STLA STELLANTIS N.V.
UMG UNIVERSAL MUSIC GROUP NV
SHUR SHURGARD SELF STORAGE LIMITED
UN0 UNIPER SE
- Nicolas David
- Yan Derocles
Amadeus IT Group : Guidance for 2024 which reflects the group’s growth...
>Q4 results in line thanks to price effects, whilst volumes disappointed - On Wednesday morning, Amadeus published Q4 2023 results that were broadly in line, with revenue of € 1,355m, in line with forecasts (consensus: € 1,352m), up 15.7% y-o-y. Booking volumes fell short of forecasts (102m vs 108m est.), marking a sequential deterioration of -4 points vs the recovery posted in Q3. This was notably due to the negative impact of a Direct Connect disintermediation proje...
- Research Department
IBERIAN DAILY 29 FEBRUARY + 4Q’23 RESULTS. HIGHLIGHTS AND REST OF PREV...
NEWS SUMMARY: AMADEUS, MERLIN, SOLARIA, TALGO, VIDRALA. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 4Q’23 results to be released over the coming days in Spain. Results hurt the IBEX It was a session of moderate drops in most European indices (except the German DAX), with the IBEX leading the drops after the release of several companies’ results. In the STOXX 600, most secto...
- Nicolas David
- Yan Derocles
Amadeus IT Group : Une guidance 2024 qui témoigne du potentiel de croi...
>Résultats T4 en ligne grâce aux effets prix alors que les volumes déçoivent - Amadeus a publié mercredi matin des résultats T4 2023 globalement en ligne avec les attentes, avec un CA de 1355 M€, en ligne avec les attentes (Css : 1352 M€), en croissance de 15.7% y/y. Les volumes de bookings sont inférieurs aux attentes (102m vs 108m att.), marquant une détérioration de -4 pts en séquentiel par rapport au niveau de recovery affiché au T3. Cela s’explique notamment par ...
- Research Department
INFORME DIARIO 29 FEBRERO + RDOS. ESPAÑA Y EUROPA 4T’23. IDEAS DESTACA...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AMADEUS, MERLIN PROPERTIES, SOLARIA, TALGO, VIDRALA. EUROPA: AB INBEV. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y con los previews de Rdos. 4T’23 que se publicarán en España y Europa en los próximos días. La campaña penaliza al Ibex Jornada de caídas moderadas en la mayoría de índices europeos (a excepción del DAX alemá...
- Alvaro del Pozo
AMADEUS: 4Q’23 RESULTS (ANÁLISIS BANCO SABADELL)
4Q'23 vs. 4Q'22 Results Sales: € 1.354 Bn (+15.9% vs. +14.9% BS(e) and +15.7% consensus); EBITDA: € 469.0 M (+17.8% vs. +15.2% BS(e) and +17.8% consensus); Net Profit: € 248.0 M (+37.2% vs. +13.4% BS(e) and +26.7% consensus); FY2023 vs. FY2022 Results Sales: € 5.441 Bn (+21.3% vs. +21.1% BS(e) and +21.3% consensus); EBITDA: € 2.063 Bn (+25.7% vs. -2.9% BS(e) and +25.7% consensus); Net Profit: € 1.115 Bn (+53.4% vs. +47.5% BS(e) and +50.8% consensus);
- Alvaro del Pozo
AMADEUS: RDOS. 4T’23 (ANÁLISIS BANCO SABADELL)
Rdos. 4T'23 vs 4T'22: Ventas: 1.354 M euros (+15,9% vs +14,9% BS(e) y +15,7% consenso); EBITDA: 469,0 M euros (+17,8% vs +15,2% BS(e) y +17,8% consenso); BDI: 248,0 M euros (+37,2% vs +13,4% BS(e) y +26,7% consenso). Rdos. 2023 vs 2022: Ventas: 5.441 M euros (+21,3% vs +21,1% BS(e) y +21,3% consenso); EBITDA: 2.063 M euros (+25,7% vs -2,9% BS(e) y +25,7% consenso); BDI: 1.115 M euros (+53,4% vs +47,5% BS(e) y +50,8% consenso).
Amadeus It Group S.A.: 1 director
A director at Amadeus It Group S.A. sold 9,000 shares at 65.500EUR and the significance rating of the trade was 66/100. 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 the last two years cl...
- Carole Braudeau
Verallia : Credit feedback – ODDO BHF Forum, 11 to 16 January 2024
The 27th ODDO BHF forum was held in the form of physical meetings (11-12 January) and digital meetings (15-16 January). It was attended by 325 companies (compared with 322 in 2023 and 314 in 2022): ~40% French, 30% German and 30% from the rest of the EU (except one from US). - Our 2024 Forum welcomed 910 investors (vs. 781 in 2023) 53% of whom were French (vs. 58% in 2023) working for 378 institutions in 20 countries. We organised the equivalent of 8,196 investor meetings (vs. 7,...
FME FRESENIUS MEDICAL CARE AG & CO. KGAA
IPS IPSOS SA
SCHP SECHE ENVIRONNEMENT SA
LHA DEUTSCHE LUFTHANSA AG
AC ACCOR SA
GET GETLINK SE
EDEN EDENRED SA
ELIOR ELIOR GROUP SA
DG VINCI SA
BVI BUREAU VERITAS SA
ADP AEROPORTS DE PARIS SA
NK IMERYS SA
MTX MTU AERO ENGINES AG
ORA ORANGE SA
EO FAURECIA SA
NXI NEXITY SA CLASS A
EN BOUYGUES SA
DBG DERICHEBOURG SA
GYC GRAND CITY PROPERTIES SA
KORI KORIAN SA
POM PLASTIC OMNIUM SE
SCR SCOR SE
DEC JCDECAUX SA
TEP TELEPERFORMANCE SE
CGM CEGEDIM SA
IAG INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA
ALTA ALTAREA SCA
ZAL ZALANDO SE
NEX NEXANS SA
ERA ERAMET SA
EZJ EASYJET PLC
QDT QUADIENT SA
ELIS ELIS SA
SOI SOITEC SA
TEG TAG IMMOBILIEN AG
AMS AMADEUS IT GROUP SA CLASS A
KGX KION GROUP AG
EDR EDREAMS ODIGEO SA
ONTEX ONTEX GROUP N.V.
COFA COFACE SA
VLTSA VOLTALIA
SPIE SPIE SA
HBH HORNBACH HOLDING AG & CO. KGAA
TKO TIKEHAU CAPITAL SCA
CGG CGG
TEF TELEFONICA SA
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
NEOEN NEOEN S.A.
VRLA VERALLIA SAS
DSC1 DUTCH STAR C SHAR
VK VALLOUREC SA
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
TE TECHNIP ENERGIES NV
TUI TUI AG
AF AIR FRANCE - KLM
- Carole Braudeau
Verallia : Feedback Crédit Forum du 11 au 16 janvier 2024
Notre 27ième Forum vient de se dérouler de manière présentielle (11-12 janvier), à Lyon, et en digital (les 15-16 janvier). Il a réuni 325 sociétés (vs 322 sociétés en 2023 et 314 en 2022), originaire à ~40% de France, à 30% d’Allemagne et les 30% restant venant du reste de l’Europe (sauf une société américaine). - L’édition 2024 de notre Forum a accueilli 910 investisseurs (781 en 2023) dont 53% français (vs 58% en 2023) travaillant pour 378 institutions de 20 pays. Nous avons ai...
FME FRESENIUS MEDICAL CARE AG & CO. KGAA
IPS IPSOS SA
SCHP SECHE ENVIRONNEMENT SA
LHA DEUTSCHE LUFTHANSA AG
AC ACCOR SA
GET GETLINK SE
EDEN EDENRED SA
ELIOR ELIOR GROUP SA
DG VINCI SA
BVI BUREAU VERITAS SA
ADP AEROPORTS DE PARIS SA
NK IMERYS SA
MTX MTU AERO ENGINES AG
ORA ORANGE SA
EO FAURECIA SA
NXI NEXITY SA CLASS A
EN BOUYGUES SA
DBG DERICHEBOURG SA
GYC GRAND CITY PROPERTIES SA
KORI KORIAN SA
POM PLASTIC OMNIUM SE
SCR SCOR SE
DEC JCDECAUX SA
TEP TELEPERFORMANCE SE
CGM CEGEDIM SA
IAG INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA
ALTA ALTAREA SCA
ZAL ZALANDO SE
NEX NEXANS SA
ERA ERAMET SA
EZJ EASYJET PLC
QDT QUADIENT SA
ELIS ELIS SA
SOI SOITEC SA
TEG TAG IMMOBILIEN AG
AMS AMADEUS IT GROUP SA CLASS A
KGX KION GROUP AG
EDR EDREAMS ODIGEO SA
ONTEX ONTEX GROUP N.V.
COFA COFACE SA
VLTSA VOLTALIA
SPIE SPIE SA
HBH HORNBACH HOLDING AG & CO. KGAA
TKO TIKEHAU CAPITAL SCA
CGG CGG
TEF TELEFONICA SA
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
NEOEN NEOEN S.A.
VRLA VERALLIA SAS
DSC1 DUTCH STAR C SHAR
VK VALLOUREC SA
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
TE TECHNIP ENERGIES NV
TUI TUI AG
AF AIR FRANCE - KLM
- Louis Boujard
- CFA
- Philippe Ourpatian
- Louis Boujard
- CFA
- Philippe Ourpatian
- Nicolas David
- Yan Derocles
Amadeus IT Group : Consensus a little toppish for 2024 but risk/reward...
>Q4 2023 set to be broadly solid, thanks to price increases - Following a company contact, we understand that business in terms of air bookings improved in November and early December amid normalising cancellation levels after the uptick seen in the wake of the attacks of 7 October in Israel. Nonetheless, the underlying improvement is relatively limited, though it is not clear at this stage what the exact cause is. On this basis, we expect bookings of 108 million, an ...
- Nicolas David
- Yan Derocles
Amadeus IT Group : Le consensus semble un peu toppish pour 2024 mais l...
>Vers un T4 2023 globalement solide, notamment grâce aux hausses de prix - Suite à des échanges avec la société nous comprenons que l’activité en termes de Air bookings s’est améliorée en novembre et début décembre sur fond de normalisation des niveaux d’annulation après la hausse observée suite aux attaques du 7 octobre en Israël. Néanmoins l’amélioration sous-jacente est relativement limitée sans qu’il soit possible, à ce stade, d’en connaître la cause exacte. Ainsi...
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