reports
- Anthony Dick
- Michael Foundoukidis
BMW : Decent in relative terms, but that may not be enough
>Q1 slightly below expectations for Autos, 2024 guidance confirmed - BMW reported yesterday morning a set of Q1 2024 results that came in line with expectations overall, but a shade below on the core Autos division (-6% vs css EBIT), see First Take. Whilst volumes were broadly stable over the quarter, the group, like most of its peers, posted lower earnings (EBIT -25% y-o-y, of which -28% for the Automotive division), penalised by falling prices (new and used vehicl...
- Stephane Beyazian
IONOS : A robust Q1 2024 and a cloud contract that opens up prospects
>Positive impact of Q1 2024 on estimates - Following an excellent Q1 2024, we are marginally raising our forecasts as of 2025 (except 2024 due to a non-cash impact of the derivative contract for € 8bn):We factor in the cloud contract with the government agencies (ITZBund) that enable a ramp-up in revenues as of 2025 (revenues forecast at over € 20m per year over 5 years). We now expect 17% over CAGR growth in 2023-2026 vs 13% previously.We are slightly rais...
- Stephane Beyazian
IONOS : Un solide T1 2024 et un contrat cloud qui ouvre des perspectiv...
>Impact positif du T1 2024 sur les estimations - A la suite d’un excellent T1 2024, nous relevons légèrement nos prévisions à partir de 2025 (sauf 2024 en raison d’un impact non-cash de contrat de dérivés de 8 Md€):Nous intégrons le contrat de cloud avec les agences du gouvernement (ITZBund) qui permettent une accélération du CA dés 2025 (CA attendu à plus de 20 M€ par an sur 5 ans). Nous prévoyons désormais 17% de croissance TMVA sur 2023-2026 vs 13% précédemmen...
- Sinan Doganli
Bechtle AG : Q1 Postview: we confirm our Outperform rating, but lower ...
>We reduce our target price from € 56.0 to € 54.0 - Considering the continued weak macroenvironment, weak demand from SMB businesses in Germany, and the lack of public client business due to delayed approval of government budgets, Q1 was decent at best. However, it was below Bechtle’s own ambitions. The company expects business to successively pick up in upcoming quarters, with a strong focus on H2. Bechtle is confirming its guidance but now targets the low to mid-ra...
- Anthony Dick
- Michael Foundoukidis
BMW : Correct en relatif, mais ce n’est peut-être pas assez
>T1 légèrement inférieur sur l’Auto, guidance 2024 confirmée - BMW a publié hier matin des résultats T1 conformes aux attentes au global, mais légèrement inférieurs sur la partie Auto (-6% vs css d’EBIT), voir First Take. Alors que les volumes sont ressortis globalement stables sur le trimestre, le groupe affiche, comme la plupart de ses pairs, une baisse de ses résultats (EBIT -25% y-o-y dont -28% dans l’Auto), pénalisés par la baisse des prix (véhicules neufs + occ...
- Jerôme Bodin
INFINEON INFINEON TECHNOLOGIES AG
BMW BAYERISCHE MOTOREN WERKE AG
G1A GEA GROUP AG
PUM PUMA SE
AFX CARL ZEISS MEDITEC AG
UTDI UNITED INTERNET AG
ALO ALSTOM SA
ELE ENDESA S.A.
GEBN GEBERIT AG
RWE RWE AG
FRE FRESENIUS SE & CO. KGAA
HEI HEIDELBERGCEMENT AG
VER VERBUND AG CLASS A
RY4C RYANAIR HOLDINGS PLC
RTLL RTL GROUP S.A.
SIX2 SIXT SE
BC8 BECHTLE AG
AMS AMADEUS IT GROUP SA CLASS A
EVK EVONIK INDUSTRIES AG
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
RACE FERRARI NV
ABI ANHEUSER-BUSCH INBEV SA/NV
LDO LEONARDO SPA
AD KONINKLIJKE AHOLD DELHAIZE N.V.
AZN ASTRAZENECA PLC
BP. BP P.L.C.
KBX KNORR-BREMSE AG
CPR DAVIDE CAMPARI-MILANO N.V.
ENR SIEMENS ENERGY AG
UN0 UNIPER SE
- Jerôme Bodin
INFINEON INFINEON TECHNOLOGIES AG
BMW BAYERISCHE MOTOREN WERKE AG
G1A GEA GROUP AG
PUM PUMA SE
AFX CARL ZEISS MEDITEC AG
UTDI UNITED INTERNET AG
ALO ALSTOM SA
ELE ENDESA S.A.
GEBN GEBERIT AG
RWE RWE AG
FRE FRESENIUS SE & CO. KGAA
HEI HEIDELBERGCEMENT AG
VER VERBUND AG CLASS A
RY4C RYANAIR HOLDINGS PLC
RTLL RTL GROUP S.A.
SIX2 SIXT SE
BC8 BECHTLE AG
AMS AMADEUS IT GROUP SA CLASS A
UCG UNICREDIT S.P.A.
EVK EVONIK INDUSTRIES AG
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
RACE FERRARI NV
ABI ANHEUSER-BUSCH INBEV SA/NV
LDO LEONARDO SPA
AD KONINKLIJKE AHOLD DELHAIZE N.V.
AZN ASTRAZENECA PLC
BP. BP P.L.C.
KBX KNORR-BREMSE AG
CPR DAVIDE CAMPARI-MILANO N.V.
ENR SIEMENS ENERGY AG
UN0 UNIPER SE
- Anthony Dick
- Michael Foundoukidis
BMW : Q1 2024 results broadly in line overall but slight miss on Autos...
>Q1 results broadly in line overall but slight miss on Autos EBIT - BMW this morning reported Q1 results that came in broadly in line with expectations overall, but again helped by Eliminations with a slight miss on Autos EBIT. Q1 revenues came in at € 36.6bn, -1% y-o-y, on flattish volumes and negative FX, in line with expectations (css € 36.9bn, ODDO BHF € 37.0bn). Adj. EBIT was € 4.05bn, -25% y-o-y, slightly ahead (css € 3.96bn, ODDO BHF € 3.91bn), with Autos ...
Airbus SE: 1 director
A director at Airbus SE bought 14,880 shares at 154.620EUR and the significance rating of the trade was 84/100. 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 clearly sh...
- Anthony Dick
- Michael Foundoukidis
BMW : Q1 2024 results broadly in line overall but slight miss on Autos...
>Q1 results broadly in line overall but slight miss on Autos EBIT - BMW this morning reported Q1 results that came in broadly in line with expectations overall, but again helped by Eliminations with a slight miss on Autos EBIT. Q1 revenues came in at € 36.6bn, -1% y-o-y, on flattish volumes and negative FX, in line with expectations (css € 36.9bn, ODDO BHF € 37.0bn). Adj. EBIT was € 4.05bn, -25% y-o-y, slightly ahead (css € 3.96bn, ODDO BHF € 3.91bn), with Autos ...
- Sinan Doganli
Bechtle AG : Bechtle delivers Q1 results below consensus expectations
>Q1 results -7.7% below consensus on top line and -4.2% on bottom line - Bechtle released Q1 results that were below our and the consensus expectations. Revenue declined by -2.3% y-o-y to € 1,503.4m, driven by a -3.8% decline y-o-y in the IT System House segment to € 932.3m. The IT E-Commerce segment was flat y-o-y at € 571.1m. EBT increased by +2.9% y-o-y to € 82.0m below our and the consensus expectations of € 85.9m and € 84.8m respectively and implying a margin of ...
- Oscar Rodriguez
EQS-News: IONOS Group SE mit Q1 2024 Ergebnissen und Bestätigung der P...
EQS-News: IONOS Group SE / Schlagwort(e): Quartals-/Zwischenmitteilung/Quartals-/Zwischenmitteilung IONOS Group SE mit Q1 2024 Ergebnissen und Bestätigung der Prognose für 2024 08.05.2024 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. + 200.000 Kunden auf 6,26 Mio. (Q1 2023: 6,06 Mio. Kunden) + 5,4 % Umsatz auf 373,0 Mio. € (Q1 2023: 353,8 Mio. €) + 22,7 % bereinigtes EBITDA auf 105,3 Mio. € (Q1 2023: 86,2 Mio. €) Prognose 2024 bestätigt Karlsruhe / Berlin, 8. Mai 2024. Die IONOS Group SE, der führende europäische Digitali...
EQS-News: IONOS Group SE with Q1 2024 results and confirmation of guid...
EQS-News: IONOS Group SE / Key word(s): Quarterly / Interim Statement/Quarterly / Interim Statement IONOS Group SE with Q1 2024 results and confirmation of guidance for 2024 08.05.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. + 200,000 customers to 6.26 million (Q1 2023: 6.06 million customers) + 5.4% sales to € 373.0 million (Q1 2023: € 353.8 million) + 22.7% adjusted EBITDA to € 105.3 million (Q1 2023: € 86.2 million) Guidance for 2024 confirmed Karlsruhe / Berlin, 08 May 2024: IONOS Group SE, the leading European digita...
EQS-News: Bechtle bekräftigt Prognose für das Gesamtjahr
EQS-News: Bechtle AG / Schlagwort(e): Quartals-/Zwischenmitteilung/Quartalsergebnis Bechtle bekräftigt Prognose für das Gesamtjahr 08.05.2024 / 07:29 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Bechtle bekräftigt Prognose für das Gesamtjahr Geschäftsvolumen steigt um 3,4 % Starkes Softwaregeschäft wesentlicher Treiber EBT erhöht sich um 2,8 % auf 82,0 Mio. € Operativer Cashflow mit 45,3 Mio. € sehr deutlich über Vorjahr Weiterhin optimistischer Ausblick für Gesamtjahr Neckarsulm, 8. Mai 2024 – Die Bechtle AG hat im ers...
EQS-News: Bechtle Affirms Forecast for the Year As a Whole
EQS-News: Bechtle AG / Key word(s): Quarterly / Interim Statement/Quarter Results Bechtle Affirms Forecast for the Year As a Whole 08.05.2024 / 07:29 CET/CEST The issuer is solely responsible for the content of this announcement. Bechtle Affirms Forecast for the Year As a Whole Business volume up by 3.4 per cent Strong software business as a key driver EBT increases by 2.8 per cent to €82.0 million Operating cash flow of €45.3 million clearly above previous year Outlook for the year as a whole remains optimistic Neckarsulm, 8 May 2024 - Bechtle AG delivered s...
Iberdrola S.A.: 1 director
A director at Iberdrola S.A. sold 40,000 shares at 11.490EUR and the significance rating of the trade was 85/100. 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 clearly ...
- Carole Braudeau
Credit Morning 05/07/2024
Monte has published a solid Q1 2024 results, above expectationsClariane has received a put option agreement for its HAD/SSIAD activities in FranceZalando: FY targets confirmed following a better-than-expected Q1, plans to buy back up to € 100m of convertible bonds due 2025Banco Sabadell rejects BBVA’s proposal>...
- Olfa Taamallah
- Yan Derocles
VLS VALNEVA SE
ELG ELMOS SEMICONDUCTOR SE
NOEJ NORMA GROUP SE
ELIS ELIS SA
SHA SCHAEFFLER AG
KRN KRONES AG
PSPN PSP SWISS PROPERTY AG
SIGHT GENSIGHT BIOLOGICS SA
BEZ BERENTZEN GRUPPE
ASS APPLUS SERVICES S.A.
COFA COFACE SA
JUN3 JUNGHEINRICH AG PREF
IDR INDRA SISTEMAS S.A. CLASS A
TMV TEAMVIEWER AG
HAG HENSOLDT AG
- Carole Braudeau
Morning Crédit 07/05/2024
Monte publie un T1 2024 solide, au-dessus des attentesZalando : objectifs confirmés à l’issue d’un T1 supérieur aux attentes, envisage des rachats d’obligations convertibles 2025 pour 100 m EUR maximumClariane a reçu une offre pour la cession de ses activités HAD/SSIAD en FranceBanco Sabadell rejette la proposition de fusion de BBVA>...
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.