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ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Ahold Delhaize: Walmart 3Q24/25 results. IBA: Rhodotron contract to equip a sterilization facility in Mexico. NEPI Rockcastle: Sound operational momentum. UCB: Final approval for Bimzelx in the United States

SAP SE - September 2024 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

 PRESS RELEASE

EQS-News: KION GROUP AG platziert erfolgreich Anleihe in Höhe von 500 ...

EQS-News: KION GROUP AG / Schlagwort(e): Anleihe KION GROUP AG platziert erfolgreich Anleihe in Höhe von 500 Millionen Euro (News mit Zusatzmaterial) 14.11.2024 / 10:58 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. KION GROUP AG platziert erfolgreich Anleihe in Höhe von 500 Millionen Euro Erfolgreiche Platzierung in Höhe von 500 Mio. Euro Anleihe richtet sich an institutionelle Investoren und im Zweitmarkt auch an Privatanleger Laufzeit über fünf Jahre, Kupon liegt bei 4,0 Prozent Erlöse werden zur Refinanzierung bestehender Ver...

 PRESS RELEASE

EQS-News: KION GROUP AG successfully places a bond of € 500 million

EQS-News: KION GROUP AG / Key word(s): Bond KION GROUP AG successfully places a bond of € 500 million (news with additional features) 14.11.2024 / 10:58 CET/CEST The issuer is solely responsible for the content of this announcement. KION GROUP AG successfully places a bond of € 500 million Successful placement of € 500 million Offering to institutional and retail investors, the latter via the secondary market Term of five years, coupon of 4.0 per cent Proceeds to be used to refinance existing liabilities with maturities primarily due in 2025 Frankfurt am Main, Novembe...

SAP SE: 1 director

A director at SAP SE bought 581 shares at 221.650EUR and the significance rating of the trade was 62/100. 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 ...

Hans D’Haese ... (+2)
  • Hans D’Haese
  • Maxime Stranart

Ahold Delhaize/3Q23 postview: US margin starts to fall/HOLD

We reiterate our HOLD rating and €32 target price on Ahold Delhaize as we continue to carry below consensus estimates for FY24/25F due to required price investments in the United States to reignite volume growth for some store formats. We expect this to allow Ahold Delhaize to meet its HSD Core EPS CAGR target over 2024-28F, with INGF standing c.5% above Visible Alpha consensus on Core EPS 2028F. In the short term, however, we see limited catalysts for the group, except for a potential corporate...

Jan Frederik Slijkerman
  • Jan Frederik Slijkerman

A-rated TMT credit investments/Better credits at similar spreads

In this report we evaluate the single-A TMT space. We argue that the notes of Wolters Kluwer, Relx, Swisscom and ASML look attractive. The notes of SAP and Telenor look to trade at fair value. As spread curves trade rather flat, we prefer notes in the belly of the curves. In this note we provide a summary of our general findings, followed by company descriptions.

Carole Braudeau
  • Carole Braudeau

Morning Crédit 11/11/2024

Q4 23 results: Conti lowers guidance again, albeit adj. EBIT improves Kion : new EUR 500m senior unsecured bond>...

Carole Braudeau
  • Carole Braudeau

Credit Morning 11/11/2024

Q4 23 results: Conti lowers guidance again, albeit adj. EBIT improves Kion : New EUR 500m senior unsecured bond>...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

B&S Group: Strong top line, margin guidance lowered due to high costs. Staffing: France September trend weaker on tough comps, October outlook stable

Farid Bitari ... (+2)
  • Farid Bitari
  • Nicolas David

Nemetschek SE : Nemetschek should reach the high end of FY 2024 growth...

>2024 guidance completely confirmed after very solid Q3 - Yesterday morning Nemetschek reported Q3 2024 results. Sales rose 9.6% yoy LFL (to € 253.0m). This performance was fuelled by Build (15% yoy LFL) which benefited from the acceleration in Bluebeam growth thanks to the transition to subscriptions, combined with a temporary upsurge in Nevaris growth (exceptional licence signatures). Design (+6.3% yoy at cc) was penalised as expected by the demanding comparison ba...

Farid Bitari ... (+2)
  • Farid Bitari
  • Nicolas David

Nemetschek SE : Nemetschek devrait atteindre le haut de fourchette de ...

>Guidance 2024 pleinement confirmée après un T3 très solide - Nemetschek a publié hier matin ses résultats T3 2024. Le chiffre d'affaires était en hausse de9,6% y/y org (à 253.0 M€). Cette performance est notamment soutenue par le segment Build (15% y/y org) qui a bénéficié de l’accélération de la croissance de Bluebeam grâce à la transition vers les abonnements, couplée à un regain de croissance temporaire de Nevaris (signature de licences exceptionnelles). Desi...

Robert Jan Vos
  • Robert Jan Vos

Ahold Delhaize N.V. : Entering next growth phase – TP increased to € 3...

>Q3 2024 EBIT 2% ahead of consensus, behind strong recovery in Europe - Ahold Delhaize’s Q3 2024 underlying EBIT of € 855m came in 2% ahead of consensus and slightly higher than our forecast. The results were in line with consensus for the US, and materially better than expected for the European operations. Comparable growth came in stronger than expected for both regions. Management added that the European operations reported their fourth consecutive quarter of volum...

ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
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