ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 07/18/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 18/07/2025

Benelux Morning Notes

GBL: 1H25 preview; Greenyard: Results of initial acceptance period of voluntary and conditional takeover bid; Proximus: Weak Route Mobile results 1Q26, change in CEO; Staffing sector: Manpower 2Q25 beats; 3Q25 outlook only slightly better Coverage change Events Calendar

Randstad : Operational improvement remains elusive

Benelux Morning Notes

Ahold Delhaize: 2Q25 pre-close call feedback. Azelis: Attractive acquisition in personal care Italy. Econocom: Two UK/Ireland AV acquisitions disclosed. Staffing: Better French volumes in May even with easier comps, June outlook sluggish. Staffing: Dutch figs Period 6 volume and revenues weaker on tougher comps. UCB: Trump threatens a 200% tariff on pharmaceutical products

Benelux Morning Notes

Aalberts: Preview - consensus below company guidance. Arcadis: We are more cautious than the average. Corbion: Fresh Blood. Lotus Bakeries: BEAR and tariffs on South Africa. Randstad: Preview of 2Q25F results due 23 July, consensus released

Benelux Morning Notes

ASR: Buyout deal, second in as many months, similar size (€660m). Flow Traders: Sticky digits. IMCD: Small but solid acquisition in India. Randstad: Preliminary preview of 2Q25F results due 23 July. UCB: Fintepla meets primary endpoint in CDKL5 Deficiency Disorder

Benelux Morning Notes

Colruyt: FY24/25F set to be in line with recently revised guidance. Exor: In search of a €2bn deal. Flow Traders: Sell In May And Go Away. Kinepolis: Peer Cineplex May 2025 box office revenue up 63% YoY, at 81% of 2019 level. Staffing: Dutch Period 5 - May vols up, strong pricing, working days/comps might distort. Staffing: French staffing - strong April data, May outlook also better

Benelux Morning Notes

NN Group: CMD, solid targets, SBB unchanged. Staffing: Belgium April Temp volume weaker at -5.1% YoY (was -3.2%), comps easier

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 05/26/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 05/26/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 26/05/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 26/05/2025

ODDO : Feedback Benelux Conference 2025

On Wednesday 21 May we hosted our 30th ABN AMRO – ODDO BHF Benelux Forum at ABN AMRO’s headquarters. The forum was attended by 21 listed companies (almost all C-level attendance) and around 70 investors. We hosted roughly 300 meetings overall.

Friday Take Away: 23 May 2025

Digging through these companies’ recent announcements, we may have unearthed hidden value. DNM: Fair Chance KRM: Managing Risk RTC: Recruitment Drive Dianomi 27.5p £8.26m (DNM.L) Financial Calendar: Year End December, Finals reported 19 May, Interim results to June expected before end September Top Three Shareholders: Scobie Dickinson Ward 16%, BGF Nominees Limited 14.9%, Raphael Queisser 12.1% Key Investment Points: Losses narrowing, Cash increased to £8.8m, Media Platform reboot T...

Hybridan Small Cap Feast: 21/05/2025

Our daily digest of news from UK Small Caps 21st May 2025 @HybridanLLP * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) or similar announcement has been made ***Arranged by type of listing and date of announcement ****Alphabetically arranged Dish of the day Admissions: None Delistings: On Tuesday 20th, Serinus Energy (SENX. L) left AIM What’s baking in the oven? Potential** Initial Public Offeri...

Staffline (STAF LN) - Strong momentum, still undervalued - Corporate

Staffline, one of the UK and Ireland’s leading recruitment groups, has released a positive AGM statement confirming strong trading momentum. Temporary worker hours from Recruitment GB in the first four months of FY25 are comfortably ahead (+6.6%) of the prior comparator, driving a 6.2% increase in Group gross profit over the same period. We expect strong gross profit growth to continue through FY25, in part driven by the new contract win announced last week that is expected to mobilise across Q2...

Audio Note: Staffline - Major contract win, upgrades to forecasts

In this audio note, Zeus’ Carl Smith summarises the investment case for Staffline. Staffline, one of the UK’s leading recruitment groups, has announced a significant strategic partnership with a leading food and drink supply chain management and logistics provider.

Staffline (STAF LN) - Major contract win, upgrades to forecasts - Corp...

Staffline, one of the UK’s leading recruitment groups, has announced a significant strategic partnership with a leading food and drink supply chain management and logistics provider. The agreement will mobilise c. 3,000 temporary workers and demonstrates Staffline’s ability to quickly deliver at scale as a trusted partner. As a result of this win, we increase FY25 underlying PBT by 12% to £5.9m, FY26 by 47% to £8.3m and FY27 by 45% to £8.7m. This follows on from a material outperformance of its ...

Staffline Group: 1 director

A director at Staffline Group bought 1,000,000 shares at 30p and the significance rating of the trade was 58/100. 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 ...