Q1-24 Chargeurs kicks off the year in high gear EARNINGS/SALES RELEASES Chargeurs got off to a good start in 2024 with 10% yoy organic revenue growth, boosted by all of its divisions. As in the previous quarters, the Luxury segment continued to be the Group’s main driving force, bolstered by the museum activity. The positive surprise of this release, however, was Advanced Materials, which returned to growth territory after 6 consecutive quarters of decline, lifted by a volume effect, even in a...
L’offre de BHP sur Anglo American a confirmé l’intérêt des minières pour le cuivre dans un contexte de tensions croissantes sur la production et de difficultés à faire aboutir les projets. Les perspectives d’Anglo (Neutre) dans le cuivre sont désormais mieux valorisées, c’est aussi le cas de BHP (Neutre vs Sous-performance) mais pas encore assez, selon nous, sur Rio Tinto (Surperformance vs Neutre). En aval, Nexans et Montana Aerospace sont nos valeurs préférées (Surperformance) vs Au...
BHP's bid for Anglo American has confirmed interest from miners in copper in the context of increasingly challenged production and difficulties in fully completing projects. Anglo’s (Neutral) prospects in copper are now better valued and this is also the case for BHP (Neutral vs Underperform) although not so for Rio Tinto (Outperform vs Neutral). Downstream, Nexans and Montana Aerospace are our Top Picks (Outperform) vs Aurubis, Rexel and Prysmian (Neutral). - ...
>Q1 sales up 6.7% (+10% l-f-l) to € 177.8m (vs € 165m est.) - Chargeurs this morning reported Q1 sales that were higher than expected at € 177.8m (vs € 165m est.), up 6.7% (+10% l-f-l).Return of growth in all divisions at the start of the year - Q1 in the end showed growth for the group with a contribution from all divisions. Besides a favourable base effect (Q1 2023 -18% l-f-l), the group benefited from a recovery in all divisions. Advanced mate...
>CA T1 en hausse de 6.7% (+10% lfl) à 177.8 M€ (vs 165 M€e) - Chargeurs a publié ce matin un CA T1 supérieur aux attentes à 177.8 M€ (vs 165 M€e) en croissance de 6.7% (+10% lfl).Retour de la croissance sur l’ensemble des pôles en ce début d’année - Le T1 est finalement ressorti en hausse pour le groupe avec une contribution de l’ensemble des pôles. Au-delà d’un effet de base favorable (T1 2023 -18% lfl), le groupe a bénéficié d’une reprise sur l’ense...
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. - ...
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. - ...
>Q1 2024: further robust organic growth of 16.8% and stable margin of 12% - Sword has reported robust Q1 2024 earnings close to our forecasts. Q1 sales came in at € 75.8m (vs ODDO BHF € 75.4m), up 5.3% y/y in reported terms. After adjustments for the deconsolidation of AAA, this reflected Q1 organic growth of 16.8%, or an acceleration in sequential terms (higher than we were expecting organically) and above the company’s initial budget (+15% org.). By region, this (...
>T1 2024 : poursuite d’une forte croissance org. à 16.8% et marge stable à 12% - Sword a publié des résultats T1 2024 solides et proches de nos attentes. Le CA trimestriel ressort à 75.8 M€ (vs ODDO BHF 75.4 M€), en croissance de 5.3% y/y en données publiées. Après retraitement lié à la déconsolidation d’AAA, ceci fait ressortir une croissance org. T1 à 16.8%, soit une accélération en séquentiel (supérieure à ce que nous anticipions en organique) et au-dessus du budge...
>Much faster growth in the USA, offsetting the downturn in Europe - VusionGroup’s Q1 revenue figures came out in line with our forecasts, with revenue growing by 12% y-o-y to € 178m (vs € 176me). On a reported IFRS basis (post-adjustment for the WMT contract, which for the record has no cash impact), sales reached € 172m, i.e. +8% y-o-y. The EMEA region (60% of Q1 revenue) posted a 18% decline to € 106m, reflecting the gradual completion of the Lidl roll-out, which wa...
>Forte accélération des USA qui compense la baisse en Europe - Le T1 de VusionGroup ressort en ligne avec nos attentes avec une progression du CA de 12% y-o-y à 178 M€ (vs 176 M€e). En publié IFRS (post ajustement sur contrat WMT, sans impact cash pour rappel), le CA s’établit à 172 M€ i.e. +8% y-o-y. EMEA (60% du CA T1) est en baisse de 18% à 106 M€ considérant la fin progressive du déploiement Lidl qui contribuait largement au CA N-1. La zone Amériques et Asie-Pacif...
Sword Group: Results for the First Quarter of 2024 Consolidated Revenue: €75.8m (i)Organic Growth: +16.8% (i)EBITDA Margin: 12.0%(i) on a like-for-like basis and at constant exchange rates (excluding AAA) KEY FIGURES The consolidated revenue for the first quarter of 2024 is €75.8m, up 16.8% at constant scope and exchange rates.Profitability (EBITDA margin) is 12.0% or €9.1m.Q1 2024 ACCOUNTS Q1 | non audited figures€m20242023 (iI)Organic Growth (i)Revenue75.872.0+16.8%EBITDA9.18.6-EBITDA Margin12.0%12.0%-(i) on a like-for-like basis and at constant exchange rates (excluding AAA)(ii) include...
Sword Group : Résultats du 1er Trimestre 2024 Chiffre d’Affaires consolidé : 75,8 M€ (1)Croissance Organique : + 16,8 % (1)Rentabilité (Marge d’EBITDA) : 12,0 %(1) à périmètre et à taux de change constants (hors AAA) PRINCIPAUX CHIFFRESLe chiffre d’affaires consolidé du 1er trimestre 2024 est de 75,8 M€, en progression de +16,8 % à périmètre et taux de change constants.La rentabilité (marge d’EBITDA) est de 12,0 % soit 9,1 M€.COMPTES DU 1ER TRIMESTRE Q1 | Chiffres non audités M€20242023 (2)CroissanceOrganique (1)Chiffre d’affaires75,872,0+16,8 %EBITDA9,18,6-Marge d’EBITDA12,0 %12,0 %-(1)...
>Excellent Q2 results, ahead of forecasts - CDA reported yesterday evening Q2 sales ahead of our forecast at € 561m (vs € 523m est.), up 18% year-on-year. In H1, sales totalled € 761m, up 12%. By division, we noted: 1/ at Ski resorts (77% of Q2 sales), sales grew by 17% to € 430m in Q2. In view of the calendar effect (Christmas holidays spread across Q1 and Q2), a half-yearly analysis is more appropriate. In H1, sales grew by 14%, including a price effect of 5.7% (in...
>T2 de très bonne facture, supérieur aux attentes - CDA a publié hier soir son CA T2 supérieur à nos attentes à 561 M€ (vs 523 M€e), en hausse de 18% y-o-y. Sur le S1, le CA s’élève donc à 761 M€ soit une progression de 12%. Par activité, nous retenons :1/ pour les Domaines skiables (77% du CA T2), le CA progresse de 17% au T2 à 430 M€. Au regard de l’effet calendaire (vacances de Noël à cheval sur T1 et T2), l’analyse est plus pertinente au semestre. Le CA S1 a prog...
>Q1 2024 revenue down 11% to € 28.3m, missing our expectations - Ekinops published yesterday evening € 28.3m in Q1 revenue, down 11% YoY, missing our expectations (ODDO BHF € 30.3m, -5%) and in line with the trend seen in Q3 and Q4 2023 (€ 27.8m and € 30.3m respectively). The decline was due to a 27% fall in Transport, as a result of: 1/ an unfavourable base effect (+32% a year earlier), 2/ cautious capex policies and 3/ existing operator inventories and 4/ a wait-an...
Ekinops has reported an 11% decline in revenue for Q1 2024, consistent with the performance observed in H2 2023. However, the decline was primarily driven by Optical Transport, which displayed signs of market weakness after a strong FY23. The Access segment showed a more resilient performance, mark
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.