thyssenkrupp : Separation and restructuring of Steel Europe moving one...

Morning Crédit 19/11/2024

Intermarché : S&P attribue une première notation Investment Grade (BBB-/négatif) Worldline : projet d’émission de nouvelles obligations 2029 en vue de refinancer partiellement les OC 2025 et 2026>...

ODDO BHF Small & MIDCAP MORNING NEWS - 11/19/2024

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Credit Morning 11/19/2024

Worldline: offering of new 2029 unsecured notes to refinance in part the 2025 and 2026 CBs Intermarché: S&P assigned an Investment Grade rating (BBB-/negative)>...

ODDO BHF Small & MIDCAP MORNING NEWS - 19/11/2024

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thyssenkrupp : FY 2023-24 earnings and FCF ahead, FY 2024-25 guidance ...

>FY 2023-24 adj. EBIT and operational FCF better than expected - Thyssenkrupp’s FY 2023-24 group sales were down -7% y-o-y to € 35.0bn, which is in line with the company compiled consensus. The y-o-y sales decline is mainly attributable to weaker demand and lower prices at Materials Services and Steel Europe. Automotive Technology also saw a downward trend in the construction machinery business, in automotive assembly lines and in parts of the automotive OE business. ...

Credit Morning 11/04/2024

Gazprombank said to be the final bidder for Auchan's Russian subsidiary.Séché Environnement to bring CVC DIF into ECO via a €216m capital increase.>...

Morning Crédit 04/11/2024

Gazprombank serait désormais seul en lice pour le rachat de la filiale d’Auchan en Russie Séché Environnement va faire entrer CVC DIF dans ECO via une augmentation de capital de 216 m EUR>...

Credit Morning 10/08/2024

Fnac Darty: minimum threshold condition lowered from 90% to 66.67% of Unieuro share capital>...

Morning Crédit 08/10/2024

Fnac Darty : abaissement de la condition de seuil minimal de 90% à 66,7% du capital d’Unieuro.>...

thyssenkrupp AG - June 2024 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Morning Crédit 02/09/2024

Cerba : du mieux au T2 2024 mais attention à la possible baisse des tarifs en France à la rentréeCrise de gouvernance>...

Credit Morning 09/02/2024

Cerba: some improvement in Q2 2024 but lookout for possible tariff cuts in France in autumnThyssenkrupp: Governance crisis>...

Morning Crédit 19/08/2024

Ceconomy: 5.2% LfL growth in Q3 24, raise of sales guidance; EUR 144m 2026 bond remains outstanding 2026 bondholder will take over 2029 bond, Accentro publishes business plan updateTechem: potential IPO in September Brenntag: weak Q2 24 results, company revises down guidance again Avantor divests its clinical services business for USD 650m, aims to reduce indebtedness>...

Credit Morning 08/19/2024

Ceconomy: 5.2% LfL growth in Q3 24, raise of sales guidance; EUR 144m 2026 bond remains outstanding 2026 bondholder will take over 2029 bond, Accentro publishes business plan update Techem: potential IPO in September Brenntag: weak Q2 24 results, company revises down guidance again Avantor divests its clinical services business for USD 650m, aims to reduce indebtedness>...

thyssenkrupp AG: Profit warning raises questions over sustainability o...

The profit warning indicates the company's earnings, margins and free cash flow will be weaker than we had forecast for this financial year.

thyssenkrupp AG - March 2024 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/15/2024

With 71% of the companies in the Stoxx 600 having released their Q1 2024 results, the picture at this stage is encouraging, with 58% of positive surprises on results. Materials and financials were the sectors that delivered the most positive surprises. If the Q4 2023 earnings season put an end to a downward revision of EPS, the Q1 2024 earnings season has triggered the start of an upward EPS revision, more markedly in the US than in Europe. In terms of sectors, re-rating effects conti...

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/05/2024

Alors que 71% des sociétés du Stoxx 600 ont publié, le bilan est à ce stade positif avec 58% de surprises positives sur les résultats. Matériaux et Financières sont les secteurs ayant apporté le plus de surprises positives. Le consensus – qui avait stoppé sa baisse durant les publications T4-23, est désormais reparti à la hausse, plus nettement aux Etats-Unis qu’en Europe. Sectoriellement, les effets de rerating ont continué de dominer les révisions de BPA. - ...

thyssenkrupp : Q2 adj. EBIT above cons, FY 23-24 sales outlook revised...

>Q2 23-24 adj. EBIT 28% above consensus, flat adj. EBIT margin in MX and recovery in SE (raw mat cost driven) - Q2 23-24 adj. EBIT decreased by 10% y-o-y to € 184m (last year's Q2 was inflated by € 55m one-off in AT), which is 28% above consensus estimate of € 144m. In Q2 23-24, we have seen flat adj. EBIT margin of 2.2% in MX fuelled by lower freight costs but offset by lower shipments (-9% y-o-y) and prices. Adj. EBIT margin of 2.4% in SE (up 2.8pp y-o-y, cons: 2.6%...