Morning Notes : BFITa NA, ELI BB, ALFEN NA, TKWYa NA

: BFITa NA, ELI BB, ALFEN NA, TKWYa NA

Lucror Analytics - Convertibles Brief

In today's Convertibles Brief publication we comment on developments of the following high yield issuers: Teva, AMS Osram

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Ardagh, Teva, TeamSystem, Digi Communications, Selecta, Rexel, Gestamp, Forvia (formerly Faurecia), Nexans, International Personal Finance, Ineos, AMS Osram, OPmobility, Intrum

Credit Morning 07/28/2025

15% tariffs on EU: exposure of the high-yield names in the luxury goods, retail and consumer sectors|Forvia: solid operating results in H1 and further savings to come|

Morning Crédit 28/07/2025

Droits de douane à 15% sur l’Europe : valeurs high yield du secteur luxe/retail/consumer exposées|Forvia : un résultat opérationnel solide au S1 et davantage d’économies à venir|

Soitec 1FQ26: Inventory digestion remain a drag. Thesis unchanged. Buy...

Econocom : Solid H1 earnings overall. Slightly more optimistic H2 guid...

INDRA: 1H’25 RESULTS AND CHANGE OF T.P. TO UNDER REVISION (ANÁLISIS BA...

2Q'25 vs. 2Q'24 Results Sales: € 1.286 Bn (+8.4% vs. +7.3% BS(e) and +7.7% consensus); EBIT: € 114.0 M (+28.1% vs. +18.0% BS(e) and +22.2% consensus); Net Profit: € 156.0 M (+194.3% vs. +24.3% BS(e) and +31.1% consensus); 1H'25 vs. 1H'24 Results Sales: € 2.45 Bn (+6.3% vs. +5.7% BS(e) and +6.0% consensus); EBIT: € 209.0 M (+16.8% vs. +11.7% BS(e) and +13.9% consensus); Net Profit: € 215.0 M (+88.6% vs. +9.6% BS(e) and +12.7% consensus);

Indra Sistemas : Mixed organic growth in Q2 but high profitability

Benelux Morning Notes

Aalberts: Light 1H performance, lowers FY25 outlook. Acomo: Hot chocolate. BAM Group: Solid 1H25 performance. BE Semiconductor Industries: 2Q25 results, light at the end of the tunnel. Econocom: 1H25 REBITA in line, net profit hit by €18m loss on discontinued. Orange Belgium: Better 1H25, guidance increased but MSA hurt perception. RELX: 1H25 results – powering ahead. UCB: 1H25 Preview: focus on US expansion.

INDRA: RDOS. 1S’25 Y CAMBIO DE P.O. A BAJO REVISIÓN (ANÁLISIS BANCO SA...

Rdos. 2T'25 vs 2T'24: Ventas: 1.286 M euros (+8,4% vs +7,3% BS(e) y +7,7% consenso); EBIT: 114,0 M euros (+28,1% vs +18,0% BS(e) y +22,2% consenso); BDI: 156,0 M euros (+194,3% vs +24,3% BS(e) y +31,1% consenso). Rdos. 1S'25 vs 1S'24: Ventas: 2.450 M euros (+6,3% vs +5,7% BS(e) y +6,0% consenso); EBIT: 209,0 M euros (+16,8% vs +11,7% BS(e) y +13,9% consenso); BDI: 215,0 M euros (+88,6% vs +9,6% BS(e) y +12,7% consenso).

INFORME DIARIO 24 JULIO + RDOS. ESPAÑA Y EUROPA 2T’25. IDEAS DESTACADA...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACS, BANKINTER, CAF, COLONIAL, IBERDROLA, INDRA, REPSOL, ROVI, VIDRALA. EUROPA: BNP PARIBAS, DEUTSCHE TELEKOM, NOKIA, PERNOD RICARD, UNICREDIT. 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 previews de Rdos. 2T’25 que se publicarán en España y Europa en los próximos días. Mayores esperanzas en las negociaciones comerciales ...

Econocom : Résultats S1 globalement solides. Prévision de croissance S...

Indra Sistemas : Croissance org T2 en demi-teinte mais profitabilité é...

IBERIAN DAILY 24 JULY + 2Q’25 RESULTS. HIGHLIGHTS AND REST OF PREVIEWS...

NEWS SUMMARY: ACS, AEDAS HOMES, BANKINTER, CAF, COLONIAL, IBERDROLA, INDRA, REPSOL, ROVI, 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 2Q’25 results to be released over the coming days in Spain. Greater expectations in trade negotiations European stock exchanges recovered the ground lost the previous session, rallying around +1.0% after the trade agreement with Japa...

Lucror Analytics - Convertibles Brief

In today's Convertibles Brief publication we comment on developments of the following high yield issuers: AMS Osram

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: House of HR, AMS Osram, Intrum, Vallourec, Nemak, Ardagh, Voyage Care, Solenis, Oriflame

ODDO : Weekly: renewed China optimism drives metals and steel prices h...

ODDO : Weekly: renewed China optimism drives metals and steel prices h...

Soitec 1FQ26: Inventory digestion remain a drag. Thesis unchanged.

Soitec reported 1FQ26 sales last night and hosted its conference call this morning.