reports
Stef: 1 director
A director at Stef bought 600 shares at 135.377EUR 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 showing Cl...
- 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
- Jeremy Garnier
STEF : Resilient start to the year in an ongoing challenging climate
>Q1 sales of € 1,139m (vs. estimate of € 1,150.1m), up 5.7% or +0.7% lfl - STEF yesterday reported Q1 sales of € 1,139m, up 5.7% or +0.7% like-for-like, close to our estimate of 6.7% growth to € 1,150.1m, reflecting strong resilience despite the slowdown in consumer spending on food in France.Solid momentum supported by international operations - Sales in France (approx. 60% of Q1 sales) remained more or less stable at € 576.7m (vs. estimate of € 585m...
- Jeremy Garnier
STEF : Un début d’année résilient face à un contexte toujours challeng...
>CA T1 de 1139 M€ (vs 1150.1 M€e) en hausse de 5.7% (+0.7% lfl) - STEF a publié hier son CA T1 qui est ressorti à 1 139 M€ en hausse de 5.7% (+0.7% lfl) proche de notre attente de 1150.1 M€e (+6.7%e) reflétant une bonne résilience de l’activité face à un ralentissement de la consommation alimentaire en France.Une dynamique solide soutenue par le déploiement à l’international - La France (~60% du CA T1) enregistre un CA quasiment stable à 576.7 M€ (vs ...
- Jerôme Bodin
PBB DEUTSCHE PFANDBRIEFBANK AG
STF STEF
DEC JCDECAUX SA
SWP SWORD GROUP SE
PSM PROSIEBENSAT.1 MEDIA SE
ALLAN LANSON-BCC
SAVE SAVENCIA SA
MCPHY MCPHY ENERGY SA
ARG ARGAN SA
RENE REDES ENERGETICAS NACIONAIS SA
SPIE SPIE SA
RUI RUBIS SCA
AEIN ALLGEIER HOLDING AG
FLE PEGASUS ENTREPRENEURIAL ACQUISITION CO EURO BV
- Jerôme Bodin
PBB DEUTSCHE PFANDBRIEFBANK AG
STF STEF
DEC JCDECAUX SA
SWP SWORD GROUP SE
PSM PROSIEBENSAT.1 MEDIA SE
ALLAN LANSON-BCC
SAVE SAVENCIA SA
MCPHY MCPHY ENERGY SA
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
ARG ARGAN SA
RENE REDES ENERGETICAS NACIONAIS SA
SPIE SPIE SA
RUI RUBIS SCA
AEIN ALLGEIER HOLDING AG
FLE PEGASUS ENTREPRENEURIAL ACQUISITION CO EURO BV
- Jeremy Garnier
STEF : Excellent 2023 results despite the challenging context
>2023 underlying operating profit of € 247m (vs € 224m), i.e. an underlying operating margin of 5.5% - Yesterday evening, STEF published 2023 results that beat our forecasts. For sales, already published at € 4,442.1m, up 6.8% (+0.7% l-f-l), underlying operating profit was up 22% to € 247.3m (vs € 224m est.), i.e. an operating margin of 5.5% (+80bp). Attributable net profit was € 191.6m (vs € 165.8m est.) up 30% notably thanks to a positive result of € 16.9m linked to...
- Jeremy Garnier
STEF : Excellents résultats 2023 malgré le contexte challenging
>ROC 2023 de 247 M€ (vs 224 M€e) soit une MOC de 5.5% - STEF a publié hier soir des résultats 2023 supérieurs à nos attentes. Pour un CA déjà publié de 4 442.1 M€ en hausse de 6.8% (+0.7% lfl), le ROC ressort en croissance de 22% à 247.3 M€ (vs 224 M€e) soit une marge opérationnelle de 5.5% (+80 pb). Le RNpg s’établit à 191.6 M€ (vs 165.8 M€e) en progression de 30% grâce notamment au résultat positif lié aux activités abandonnées de 16.9 M€ (vente de La Méridionale à ...
- Mohamed Mansour (IDMidCaps)
Stef SA - Stable Q4 sales excluding out-of-home catering and rebound i...
Q4 sales up 1% organically, still driven by out-of-home catering salesQ4 out-of-home catering sales stable, after 2 quarters of declineRebound in international business (+4%) but continued decline in France (-2%)Full-year sales up 5% organically and 0.7% excluding out-of-home cateringPrice target raised to €128/share from €121 previouslyBuy opinion maintained, given valuation still below historical levels and improving newsflow
- Jerôme Bodin
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 01/26/2024
Although Argentina was only an anecdotal factor in Puma's profit warning, it has rekindled investors' questions about the impact of the peso's (official) depreciation following the election of Javier Milei last November. Here we recap on the risks faced by the twenty or so companies and sectors with a presence in Argentina within our universe of coverage. While the potential impact is marginal in most cases, it is more significant for: Prosegur, Prosegur Cash, Tenaris, Verallia, Save...
DEC JCDECAUX SA
CGM CEGEDIM SA
VRAP VRANKEN-POMMERY MONOPOLE SA
MRN MERSEN SA
MTU MANITOU BF SA
GLO GL EVENTS SA
ATE ALTEN SA
ALLAN LANSON-BCC
PNL POSTNL NV
WIZZ WIZZ AIR HOLDINGS PLC
DLG DE'LONGHI S.P.A.
SIGHT GENSIGHT BIOLOGICS SA
BEZ BERENTZEN GRUPPE
LIGHT SIGNIFY NV
RBO ROCHE BOBOIS INTERNATIONAL SAS
BAR BARCO NV
AERO MONTANA AEROSPACE AG
- Jerôme Bodin
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 26/01/2024
Même si l’Argentine n’est qu’un élément accessoire du profit warning de Puma, il a ravivé les interrogations des investisseurs sur l’impact de la dépréciation du peso (officiel) à la suite de l’élection de Javier Milei en novembre dernier. Nous revenons ici sur les risques encourus par la vingtaine de sociétés et secteurs ayant une présence en Argentine au sein de notre univers de couverture. Si l’impact potentiel est le plus souvent marginal, il est plus matériel chez : Prosegur, Pro...
DEC JCDECAUX SA
CGM CEGEDIM SA
VRAP VRANKEN-POMMERY MONOPOLE SA
MRN MERSEN SA
MTU MANITOU BF SA
GLO GL EVENTS SA
ATE ALTEN SA
ALLAN LANSON-BCC
PNL POSTNL NV
WIZZ WIZZ AIR HOLDINGS PLC
DLG DE'LONGHI S.P.A.
SIGHT GENSIGHT BIOLOGICS SA
BEZ BERENTZEN GRUPPE
LIGHT SIGNIFY NV
RBO ROCHE BOBOIS INTERNATIONAL SAS
BAR BARCO NV
AERO MONTANA AEROSPACE AG
- Jeremy Garnier
STEF : 2023 revenues slightly ahead of our expectations - business hol...
>Q4 revenues up 4.1% (+1.3% LfL) to € 1,156.4m (vs € 1,114.7m est.) - STEF reported yesterday evening Q4 revenues up 4.1% (+1.3% LfL), slightly above our estimate at € 1,114.7m, reflecting a resilient business amid a slowdown in demand for food consumption in France. FY revenues were up 6.8% (+0.7% LfL) to € 4,442.1m.Good business momentum thanks to international deployment - STEF France (53% of Q4 revenues) generated € 612.9m in revenues, down 2.1%,...
- Jeremy Garnier
STEF : CA 2023 légèrement supérieur à notre attente - Bonne résilience...
>CA T4 en hausse de 4.1% (+1.3% lfl) à 1 156.4 M€ (vs 1 114.7 M€e) - STEF a publié hier soir son CA T4 en hausse de 4.1% (+1.3% lfl), légèrement supérieur à notre attente de 1 114.7 M€e, reflétant une bonne résilience de l’activité face à un ralentissement de la consommation alimentaire en France. Sur l’ensemble de l’année, le CA s’établit à 4 442.1 M€, en hausse de 6.8% (+0.7% lfl).Bonne dynamique de l’activité grâce au déploiement à l’international - §s...
- Anthony Dick
- Michael Foundoukidis
PROX PROXIMUS SA DE DROIT PUBLIC
ATO ATOS SE
MF WENDEL SE
TFI TELEVISION FRANCAISE 1 SA
SBS STRATEC SE
POM PLASTIC OMNIUM SE
STF STEF
ASY ASSYSTEM SA
CGM CEGEDIM SA
VETO VETOQUINOL SA
MTU MANITOU BF SA
FII LISI SA
FNAC FNAC DARTY SA
ATE ALTEN SA
FR VALEO SE
ELIS ELIS SA
AF AIR FRANCE-KLM SA
FAE FAES FARMA S.A.
COFB COFINIMMO SA
MBWS MARIE BRIZARD WINE & SPIRITS SA
TIETO TIETOEVRY OYJ
SESL SES-IMAGOTAG SA
MONT MONTEA SCA
SIGHT GENSIGHT BIOLOGICS SA
ONTEX ONTEX GROUP N.V.
LIGHT SIGNIFY NV
XIL XILAM ANIMATION SA
GCO GRUPO CATALANA OCCIDENTE S.A.
TEC TECHNIPFMC PLC
XFAB X-FAB SILICON FOUNDRIES SE
BFSA BEFESA SA
VOS VOSSLOH AG
SAB BANCO DE SABADELL SA
ZEL PHARMA MAR SA
TCH TECHNICOLOR SA
FPE3 FUCHS PETROLUB SE
SPM SAIPEM S.P.A.
- Anthony Dick
- Michael Foundoukidis
PROX PROXIMUS SA DE DROIT PUBLIC
ATO ATOS SE
MF WENDEL SE
TFI TELEVISION FRANCAISE 1 SA
SBS STRATEC SE
POM PLASTIC OMNIUM SE
STF STEF
ASY ASSYSTEM SA
CGM CEGEDIM SA
VETO VETOQUINOL SA
MTU MANITOU BF SA
FII LISI SA
FNAC FNAC DARTY SA
ATE ALTEN SA
FR VALEO SE
ELIS ELIS SA
AF AIR FRANCE-KLM SA
FAE FAES FARMA S.A.
COFB COFINIMMO SA
MBWS MARIE BRIZARD WINE & SPIRITS SA
TIETO TIETOEVRY OYJ
SESL SES-IMAGOTAG SA
MONT MONTEA SCA
SIGHT GENSIGHT BIOLOGICS SA
ONTEX ONTEX GROUP N.V.
LIGHT SIGNIFY NV
XIL XILAM ANIMATION SA
GCO GRUPO CATALANA OCCIDENTE S.A.
TEC TECHNIPFMC PLC
XFAB X-FAB SILICON FOUNDRIES SE
BFSA BEFESA SA
VOS VOSSLOH AG
SAB BANCO DE SABADELL SA
ZEL PHARMA MAR SA
TCH TECHNICOLOR SA
FPE3 FUCHS PETROLUB SE
SPM SAIPEM S.P.A.
- Jeremy Garnier
STEF : Deal struck to acquire BAKKER Logistiek in Netherlands
>Promising and structuring acquisition in the Netherlands - STEF announced yesterday the acquisition of BAKKER Logistiek in the Netherlands. The deal is subject to approval by the Dutch antitrust watchdog ACM and to regulatory consultation procedures. The deal could close in the first quarter of 2024.BAKKER Logistiek is a family-owned group specialising in transport, logistics and packaging services for food products (ambient and fresh) in the Netherlands. It is ...
- Jeremy Garnier
STEF : Acquisition de la société BAKKER Logistiek aux Pays-Bas
>Renforcement intéressant et structurant aux Pays-Bas - Le groupe STEF a annoncé hier soir l’acquisition de la société BAKKER Logistiek aux Pays-Bas. L’opération reste soumise à l’approbation de l’ACM, autorité de la concurrence néerlandaise, ainsi qu’aux procédures de consultation réglementaires. Le closing pourrait intervenir au cours du 1er trimestre 2024.BAKKER Logistiek est un groupe familial spécialisé dans les services de transport, logistique et condition...
- Mohamed Mansour (IDMidCaps)
Stef SA - Q3 sales excluding foodservice down 3% L/L, but valuation re...
Q3 sales up 2.0% as reported and stable L/LBut as feared, sales excluding foodservice fell -3.3% L/L (-1.3% reported)Down -4.4% in France, while international sales remain resilient (-0.8% L/L)Forecasts revised downwards for 2023Price target revised downwards to €121/share from €128 previouslyBuy opinion maintained in view of still very attractive valuation
- Emmanuel Matot
- Fehmi Ben Naamane
- Marc Lavaud
ALFOC FOCUS HOME INTERACTIVE SA
BFIT BASIC-FIT NV
VAC PIERRE & VACANCES SA
WTB WHITBREAD PLC
FLY SOCIETE FONCIERE LYONNAISE SA
BIO BB BIOTECH AG
STF STEF
BLC BASTIDE LE CONFORT MEDICAL SA
SRP SRP GROUPE SA
GBT GUERBET SA
SAVE SAVENCIA SA
ROYAL VOPAK NV
SHOT SCANDIC HOTELS GROUP
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
INSD VERIMATRIX SA
LFDE LA FRANCAISE DE L'ENERGIE SA
MEL MELIA HOTELS INTERNATIONAL S.A.
NHH NH HOTEL GROUP SA
TKO TIKEHAU CAPITAL SCA
DUE DURR AG
B4B METRO AG
RBO ROCHE BOBOIS INTERNATIONAL SAS
IHG INTERCONTINENTAL HOTELS GROUP PLC
VRLA VERALLIA SAS
TE TECHNIP ENERGIES NV
ALLFG ALLFUNDS (UK) LTD
STM STABILUS SE
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