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ING Helpdesk
  • ING Helpdesk

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

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Ahold Delhaize: Peer Kroger 1Q25 results. Greenyard: Bid launched. PostNL: Dutch Postal Law change ear-marked Non-Controversial – still on the agenda. Prosus: FY25 results delivered on target. Var Energi: Jotun FPSO start-up, contributes to its cash flow

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

n this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

Wim Lewi
  • Wim Lewi

Dollar Weakness The impact on our Benelux Coverage

In general, a weaker USD has a negative impact on Benelux stocks, particularly for companies with significant exports to the US. In this note we selected a list of companies with high US export exposure and we examine the potential impact on FY25 earninings. On top of the weak dollar, rising trade tensions or the introduction of tariffs further harm Benelux exporters. As the dollar depreciates against the euro, European goods become costlier for American consumers. At the same time, revenues ear...

Sandvik AB: 1 director

A director at Sandvik AB sold 8,167 shares at 214.500SEK and the significance rating of the trade was 51/100. 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 show...

ING Helpdesk
  • ING Helpdesk

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

 PRESS RELEASE

Bluebeam Advances AEC Workflows with Seamless Integrations, Markup Fea...

Bluebeam Advances AEC Workflows with Seamless Integrations, Markup Feature Enhancements and Faster Performance With a new Integrations Directory, product enhancements and ARM device support Bluebeam makes it easier for teams to connect, collaborate, and innovate. PASADENA, Calif., June 10, 2025 (GLOBE NEWSWIRE) -- , a leading developer of solutions and services for architecture, engineering and construction (AEC) professionals worldwide, today announced a powerful set of product updates aimed at helping project teams get more done, faster. From performance enhancements and new markup to...

Guy Sips ... (+6)
  • Guy Sips
  • Kristof Samoy
  • Livio Luyten
  • Michiel Declercq
  • Thibault Leneeuw
  • Wim Hoste

Benelux Local Champions Feedback document

Below our feedback notes written at the occasion of our annual Benelux Local Champions Conference that took place on 27 May 2025 at our historic building at Grand Place Brussels. This event offered the possibility to have one-on-one meetings and/or small group meetings with the following Benelux companies and their top management & IR: ACKERMANS & VAN HAAREN | AHOLD DELHAIZE | AKZONOBEL | ARCADIS | AZELIS | CORBION | GBL | LOTUS BAKERIES | MELEXIS | PROXIMUS | SOFINA | UMICORE

Antoine Lebourgeois ... (+2)
  • Antoine Lebourgeois
  • Aurelien Deside

Suspension of coverage

From 2nd of June we are suspending coverage of companies below due to a reallocation of resources. Our prior estimates should no longer be used as an indicator for the company moving forward.DASSAULT SYSTEMESEKINOPSHEXAGONNEMETSCHEKSCHNEIDER ELECTRICVANTIVA

ING Helpdesk
  • ING Helpdesk

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

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Ahold Delhaize: Discussions held on taking over Carrefour, claims French newspaper. KBC Ancora: “Interim” dividend FY24/25 at €3.51. Retail Estates: Results in line with good portfolio revaluation

Wim Gille
  • Wim Gille

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.

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