reports
- Luis de Toledo Heras
ATO ATOS SE
NXI NEXITY SA CLASS A
FLY SOCIETE FONCIERE LYONNAISE SA
MF WENDEL SE
EXE EXEL INDUSTRIES SA
BIO BB BIOTECH AG
MERY MERCIALYS SA
ASY ASSYSTEM SA
WHA WERELDHAVE N.V.
SWP SWORD GROUP SE
CGM CEGEDIM SA
MTU MANITOU BF SA
FII LISI SA
GBT GUERBET SA
ATE ALTEN SA
FR VALEO SE
XIOR XIOR STUDENT HOUSING N.V.
COFB COFINIMMO SA
SAVE SAVENCIA SA
MBWS MARIE BRIZARD WINE & SPIRITS SA
VID VIDRALA SA
TIETO TIETOEVRY OYJ
VIS VISCOFAN S.A.
MONT MONTEA SCA
SIGHT GENSIGHT BIOLOGICS SA
WAF SILTRONIC AG
LIGHT SIGNIFY NV
NVG NAVIGATOR COMPANY SA
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
LFDE LA FRANCAISE DE L'ENERGIE SA
TEC TECHNIPFMC PLC
XFAB X-FAB SILICON FOUNDRIES SE
SPM SAIPEM S.P.A.
- Luis de Toledo Heras
ATO ATOS SE
NXI NEXITY SA CLASS A
FLY SOCIETE FONCIERE LYONNAISE SA
MF WENDEL SE
EXE EXEL INDUSTRIES SA
BIO BB BIOTECH AG
MERY MERCIALYS SA
ASY ASSYSTEM SA
WHA WERELDHAVE N.V.
SWP SWORD GROUP SE
CGM CEGEDIM SA
MTU MANITOU BF SA
FII LISI SA
GBT GUERBET SA
ATE ALTEN SA
FR VALEO SE
XIOR XIOR STUDENT HOUSING N.V.
COFB COFINIMMO SA
SAVE SAVENCIA SA
MBWS MARIE BRIZARD WINE & SPIRITS SA
VID VIDRALA SA
TIETO TIETOEVRY OYJ
VIS VISCOFAN S.A.
MONT MONTEA SCA
SIGHT GENSIGHT BIOLOGICS SA
WAF SILTRONIC AG
LIGHT SIGNIFY NV
NVG NAVIGATOR COMPANY SA
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
LFDE LA FRANCAISE DE L'ENERGIE SA
TEC TECHNIPFMC PLC
XFAB X-FAB SILICON FOUNDRIES SE
SPM SAIPEM S.P.A.
- Wim Gille
Signify : Q3 a bit of a mixed bag, guidance reiterated, recovery in sa...
>Comparable sales a beat, EBITA (margin) in line, net debt a miss - Signify reported sales of € 1.53bn that missed css by 1.2% although comparable sales growth was -5.2% versus -5.9% expected. Adj. EBITA came in at € 162m, missing css by 0.7% while the adj. EBITA margin was basically in line. Net profit came in at € 108m vs css at € 79m, driven by higher reported EBITA (€ 162m vs € 138m css), the lack of incidental charges and a much lower than anticipated tax charge....
- ING Helpdesk
Benelux Morning Notes
Cofinimmo: Dividend and investment neutrality reconfirmed. KPN: 3Q24 preview. Melexis: 3Q24 Preview, some auto weakness expected. Montea: Sound results, no sign of tenants slow down. Proximus: Small 3Q24 beat and guidance increase on Domestic, DIGI late arrival; Data centers sold in sale and lease back. Signify: 3Q24 results, some sequential improvement Wereldhave: Strong Dutch LFL growth, guidance confirmed Xior Student Housing: Stronger organic trends
- ING Helpdesk
Benelux Morning Notes
Basic-Fit: 3Q24 results strong, membership ingrowth ahead, on track to FY24 outlook. BE Semiconductor Industries: 3Q24 preview - a mixed picture. CM.com: 3Q24 trading update – in the right direction. Coca-Cola Europacific Partners PLC: No more pussyFTSEing around. Exor: Once-in-a-decade launch of Ferrari's next flagship supercar. Signify: 3Q24 Preview, prolonged market weakness. Staffing sector: Manpower 3Q24 results a slight miss, 4Q24 outlook weak and well below. WDP: Results in ...
- Marc Hesselink
- CFA
- Thymen Rundberg
Signify/Still challenging markets/HOLD
Signify reported weaker-than-expected organic growth and margin in 2Q24. In our view, the update showed once again the challenging market in the lighting industry. High demand for energy efficient connected solutions cannot offset the cyclical weakness and weak dynamics of the non-connected segment. High FCF-yield remains an attraction of the case, but we do not believe it will trigger a re-rating. We lower our target price from €26.0 to €23.5 and reiterate our HOLD.
- ING Helpdesk
Benelux Morning Notes
Allfunds Group plc: 1H24 preview, Basic-Fit: 1H24 beats; outlook FY24 reiterated and on track; solid, Bekaert: 1H24 sales miss, EBITu and guidance in line, Belgian Telecoms: Fixed infra deal in Flanders, Proximus takes over Fiberklaar, Belgian Telecoms: Peer Telenet 2Q24 results, Cofinimmo: Limited divestments, Euronext: What's next?, Flow Traders: They think it's all over. It is now. Heijmans: Strong set of 1H24 results, raises FY outlook, KPN: VodafoneZiggo 2Q24 Results confi...
Signify reports second quarter sales of EUR 1.5 billion, operational p...
Signify reports second quarter sales of EUR 1.5 billion, operational profitability of 7.9% and a free cash flow of EUR 51 million Press Release July 26, 2024 Signify reports second quarter sales of EUR 1.5 billion, operational profitability of 7.9% and a free cash flow of EUR 51 million Second quarter 20241 Installed base of connected light points increased to 136 million in Q2 24Released Climate Transition Plan with SBTi-validated net-zero targetsSales of EUR 1,483 million; nominal sales decline of -9.8% and CSG o...
- ING Helpdesk
Benelux Morning Notes
ASM International: 2Q24 preview, healthy fundamentals. BE Semiconductor Industries: 2Q24 preview, strong HB quarter ahead. CM.com: Preview 1H24. dsm-firmenich: The MEG-3® (without Jason Statham). DWS: 2Q24 preview. Ebusco: Preview - high 1H opex and low top line. Orange Belgium: Solid 1H24 beat, guidance lifted to slightly above previous range. Signify: 2Q24 preview - too early to see a recovery. Staffing: Manpower: 2Q24 beats, US still weak into 3Q24, Europe slightly better.
Signify delivers plan to reduce greenhouse gas emissions by 90% across...
Signify delivers plan to reduce greenhouse gas emissions by 90% across its entire value chain and reach net-zero by 2040 Press Release June 18, 2024 Signify delivers plan to reduce greenhouse gas emissions by 90% across its entire value chain and reach net-zero by 2040 Signify Climate Transition Plan targets entire value chain to eliminate 90% full-scope GHG emissions and reach net-zero by 2040.Completing the switch to energy-efficient LED lighting would reduce total global GHG emissions by 1%, equivalent to half the emissions caused by aviation1, more than enough electricity to charge e...
Signify publishes comparable financials for 2023 and Q1 2024 following...
Signify publishes comparable financials for 2023 and Q1 2024 following implementation of new organizational structure June 14, 2024 Signify publishes comparable financials for 2023 and Q1 2024 following implementation of new organizational structure1 Eindhoven, the Netherlands - (Euronext: LIGHT), the world leader in lighting, has published its quarterly comparable financials for the year 2023 and Q1 2024. Following the implementation of Signify's new organizational structure on April 1, the company has established four verticalized businesses with full profit and loss responsibility2. E...
Signify completes share repurchase program to cover performance share ...
Signify completes share repurchase program to cover performance share plans Press Release May 16, 2024 Signify completes share repurchase program to cover performance share plans Eindhoven, The Netherlands – (Euronext: LIGHT), the world leader in lighting, today announced that it has completed its previously announced share repurchase program. The company repurchased a total of 450,000 shares for a total consideration of EUR 11.9 million from April 29 to May 15, 2024. These repurchases were made as part of the company’s repurchase program, which was announced on April 29, 2024. Signify...
Signify shareholders approve all proposals at the AGM 2024
Signify shareholders approve all proposals at the AGM 2024 Press Release May 14, 2024 Signify shareholders approve all proposals at the AGM 2024 Eindhoven, Netherlands – (Euronext: LIGHT), the world leader in lighting, announces that all proposals on the agenda at the Annual General Meeting of Shareholders (AGM) 2024 held today were adopted, including: A cash dividend of EUR 1.55 per ordinary share from the 2023 net income.The re-appointment of Chief Executive Officer Eric Rondolat as member of the Board of Management for a period of four years. The appointment of Jeroen Drost as Su...
Signify share repurchase periodic update
Signify share repurchase periodic update Press Release May 6, 2024 Signify share repurchase periodic update Eindhoven, The Netherlands – (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 153,980 shares in the period April 29 to May 3, 2024. The shares were repurchased at an average price of EUR 25.70 per share and an aggregate amount of EUR 4.0 million. These repurchases were made as part of the company’s repurchase program, which was announced on April 29, 2024. Signify will use the shares to cover obligations arising from its long-term incentiv...
Signify starts share repurchase program of up to 450,000 shares to cov...
Signify starts share repurchase program of up to 450,000 shares to cover performance share plans Press Release April 29, 2024 Signify starts share repurchase program of up to 450,000 shares to cover performance share plans Eindhoven, the Netherlands – (Euronext: LIGHT), the world leader in lighting, today announced the start of a program to repurchase up to 450,000 of its own shares. Signify will use the shares to cover obligations arising from its long-term incentive performance share plan and other employee share plans. The program will start on April 29, 2024 and is expected...
- Marc Hesselink
- CFA
- Thymen Rundberg
Signify/Growth remains disappointing/HOLD
Signify reported weaker-than-expected organic growth in 1Q24. In our view, the update showed once again the challenging market in the lighting industry. High demand for energy efficient connected solutions cannot offset the cyclical weakness and weak dynamics of the non-connected segment. High FCF-yield remains an attraction of the case, but we do not believe it will trigger a re-rating. We slightly decrease our target price from €28 to €26 and reiterate our HOLD.
- Anthony Dick
- Michael Foundoukidis
ODDO BHF Small & MIDCAP MORNING NEWS - 04/26/2024 Date Performance sin...
Deutz is a leading non-captive engine manufacturer for a wide range of customer industries with a strong and very well-known brand. The company will enter a profitable growth period soon (CAGR 2023-26e sales 8%, EPS 18%). We initiate coverage with an Outperform rating and a target price of € 7.9, reflecting >40% upside from here. - ...
PROX PROXIMUS SA DE DROIT PUBLIC
SOP SOPRA STERIA GROUP SA
BFIT BASIC-FIT NV
NXI NEXITY SA CLASS A
MF WENDEL SE
SBS STRATEC SE
KORI KORIAN SA
STF STEF
ALCLA CLASQUIN SA
ASY ASSYSTEM SA
SWP SWORD GROUP SE
CGM CEGEDIM SA
SRP SRP GROUPE SA
MTU MANITOU BF SA
FII LISI SA
GBT GUERBET SA
ATE ALTEN SA
FR VALEO SE
XIOR XIOR STUDENT HOUSING N.V.
COFB COFINIMMO SA
SAVE SAVENCIA SA
MBWS MARIE BRIZARD WINE & SPIRITS SA
SOC SUBSEA 7 S.A.
TIETO TIETOEVRY OYJ
ARCAD ARCADIS NV
SESL SES-IMAGOTAG SA
LIGHT SIGNIFY NV
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
ROVI LABORATORIOS FARMACEUTICOS ROVI S.A.
CSM CORBION NV
VLTSA VOLTALIA
IBG IBERPAPEL GESTION S.A.
TEC TECHNIPFMC PLC
FTG111 FLATEXDEGIRO AG
BFSA BEFESA SA
SAB BANCO DE SABADELL SA
RBO ROCHE BOBOIS INTERNATIONAL SAS
GRP GREENCOAT RENEWABLES
- Anthony Dick
- Michael Foundoukidis
ODDO BHF Small & MIDCAP MORNING NEWS - 26/04/2024
Deutz is a leading non-captive engine manufacturer for a wide range of customer industries with a strong and very well-known brand. The company will enter a profitable growth period soon (CAGR 2023-26e sales 8%, EPS 18%). We initiate coverage with an Outperform rating and a target price of € 7.9, reflecting >40% upside from here. - ...
PROX PROXIMUS SA DE DROIT PUBLIC
SOP SOPRA STERIA GROUP SA
BFIT BASIC-FIT NV
NXI NEXITY SA CLASS A
MF WENDEL SE
SBS STRATEC SE
KORI KORIAN SA
STF STEF
ALCLA CLASQUIN SA
ASY ASSYSTEM SA
SWP SWORD GROUP SE
CGM CEGEDIM SA
SRP SRP GROUPE SA
MTU MANITOU BF SA
FII LISI SA
GBT GUERBET SA
ATE ALTEN SA
FR VALEO SE
XIOR XIOR STUDENT HOUSING N.V.
COFB COFINIMMO SA
SAVE SAVENCIA SA
MBWS MARIE BRIZARD WINE & SPIRITS SA
SOC SUBSEA 7 S.A.
TIETO TIETOEVRY OYJ
ARCAD ARCADIS NV
SESL SES-IMAGOTAG SA
LIGHT SIGNIFY NV
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
ROVI LABORATORIOS FARMACEUTICOS ROVI S.A.
CSM CORBION NV
VLTSA VOLTALIA
IBG IBERPAPEL GESTION S.A.
TEC TECHNIPFMC PLC
FTG111 FLATEXDEGIRO AG
BFSA BEFESA SA
SAB BANCO DE SABADELL SA
RBO ROCHE BOBOIS INTERNATIONAL SAS
GRP GREENCOAT RENEWABLES
- Wim Gille
Signify : Weak first quarter, but momentum picking up.
>A weak first quarter - The company is in the process of restructuring its internal business lines / reporting and hence we only have results on group level and limited disclosure on business unit level for this quarter as previously announced. Group revenues fell 4,9% short of expectations as the comparable sales growth (CSG) came in at minus 10,1% vs minus 7,3% expected. On a sequential basis CSG in Professional deteriorated from -2,9% in 4Q23 to -7,6% in 1Q24, larg...
- ING Helpdesk
Benelux Morning Notes
Basic-Fit: 1Q24 update in line, FY24 outlook in line with consensus at mid-point. bpost: Agreement on Flemish newspaper delivery; risk of provisions largely removed. Cofinimmo: Q1 results in line. Corbion: Tail wags the dog. IMCD: The last hurdle was a harsh clip. Proximus: Strong start to the year, guidance unchanged ahead of Digi arrival. Recticel: Kingspan 1Q24 trading update. Signify: 1Q24 results; revenue decline accelerates. Umicore: Confirms FY 2024 EBITDA guidance range. ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.