reports
- Jerôme Bodin
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 05/16/2024
We have tactically downgraded the energy sector from Overweight to Neutral (excl. oil services on which we are maintaining our Overweight rating) and dropped Shell Plc from our Large Caps list. The IEA report has accelerated the downswing for the energy sector, which could continue in the days ahead. June will be a better month to come back to the sector. - ...
FP TOTAL SE
EQNR EQUINOR ASA
ELIOR ELIOR GROUP SA
GALP GALP ENERGIA SGPS SA CLASS B
ALFOC FOCUS HOME INTERACTIVE SA
GYC GRAND CITY PROPERTIES SA
GLJ GRENKE AG
DEC JCDECAUX SA
BLC BASTIDE LE CONFORT MEDICAL SA
JCQ JACQUET METALS SA
ENI ENI S.P.A.
REP REPSOL SA
VASTN VASTNED RETAIL NV
ERG ERG S.P.A.
CPINV CARE PROPERTY INVEST SA
DIC DIC ASSET AG
FNTN FREENET AG
DUFN DUFRY AG
BP. BP P.L.C.
MDM MAISONS DU MONDE SA
JST JOST WERKE AG
DMP DERMAPHARM HOLDING SE
VK VALLOUREC SA
SHEL SHELL PLC
FLE PEGASUS ENTREPRENEURIAL ACQUISITION CO EURO BV
- Jerôme Bodin
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 16/05/2024
Nous dégradons tactiquement à Neutre le secteur de l’énergie (hors Services Pétroliers sur lesquels nous conservons une opinion Surperformance) et faisons sortir Shell plc de notre liste Large Caps. Le rapport AIE a accéléré la baisse du secteur énergie, qui pourrait se poursuivre dans les jours qui viennent. Juin sera un meilleur mois pour revenir sur le secteur. - ...
FP TOTAL SE
EQNR EQUINOR ASA
ELIOR ELIOR GROUP SA
GALP GALP ENERGIA SGPS SA CLASS B
ALFOC FOCUS HOME INTERACTIVE SA
GYC GRAND CITY PROPERTIES SA
GLJ GRENKE AG
DEC JCDECAUX SA
BLC BASTIDE LE CONFORT MEDICAL SA
JCQ JACQUET METALS SA
ENI ENI S.P.A.
REP REPSOL SA
VASTN VASTNED RETAIL NV
ERG ERG S.P.A.
CPINV CARE PROPERTY INVEST SA
DIC DIC ASSET AG
FNTN FREENET AG
DUFN DUFRY AG
RUI RUBIS SCA
BP. BP P.L.C.
MDM MAISONS DU MONDE SA
JST JOST WERKE AG
DMP DERMAPHARM HOLDING SE
VK VALLOUREC SA
SHEL SHELL PLC
FLE PEGASUS ENTREPRENEURIAL ACQUISITION CO EURO BV
- ING Helpdesk
Benelux Morning Notes
AEGON: 1Q24, new unexpected SBB, underlying OCG better, strong ratios across. Belgian telecoms: Digi to start with mobile. CFE: Preview - forecasting revenue numbers… D'Ieteren: Belron US peer Boyd 1Q24 below consensus, warns on 2Q24 growth. Econocom: Joins consortium formed by Onepoint and Butler Industries to acquire Atos. KBC: 1Q24 better across, special dividend, capital distribution pushed back to 1H25. Syensqo: 1Q24 a touch better, positive earnings momentum confirmed. Umicore:...
- Hilde Van Boxstael
- Jacob Mekhael
- Lynn Hautekeete
- Sharad Kumar S.P
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Lynn Hautekeete
Care Property Invest 1Q24 reporting: our FY24 EPRA EPS estimate increa...
Care property invest reports EUR 9.9m EPRA earnings, 8% above our expectations. The difference is mainly due to EUR 0.5m other operating income. On a recurring basis the results are in line with slightly lower financial costs. This increases our EPRA EPS estimate from EUR 1.02 to EUR 1.03. This is above the repeated guidance of EUR 1.0-1.02 EPRA EPS. There are no operational surprises. The 25% EBITDAR hurdle rate for EPRA inclusion was passed at FY23 reporting. The annual report was published on...
- Gerardo Ibanez
- Steven Boumans
Care Property Invest : Q1 2024 results: Strong results, outlook reiter...
>Outlook reiterated, strong EPS, low devaluations, underlying metrics strong - FY 2024 outlook adj. EPRA EPS of €1.00-1.02 reiterated.Variations in fair value of investment properties were limited to -0.3% (FY2023: -2.5%).Indexation (like-for-like rental growth) was 1.7% (FY 2023: 10.4%), with the majority of leases having added indexation in January.EPRA LTV 43.6%, unchanged vs FY2023, with only €14m capex committed (FY2023: €23m capex o/w €20m in 2024...
- Amal Aboulkhouatem
Care Property Invest - In line Q1
Rental income reached EUR 17m, up +6.6% YoYOperating margin increased to 84.8%, compared to 80% in 2023, which was affected by one-off effectsEPRA profit amounted to EUR 9.9m, up 17.4% YoYEPRA NTA is stable at EUR 18.91Management reiterated its full-year earnings guidanceWe downgrade our rating from Buy to Hold on the back of the valuation and leave our target price unchanged at EUR 14.50.
Correction: ABN AMRO Bank posts net profit of EUR 674 million in Q1 20...
Correction: ABN AMRO Bank posts net profit of EUR 674 million in Q1 2024 [Replacement of outdated attachement Q-report with minor non-material changes] ABN AMRO Bank posts net profit of EUR 674 million in Q1 2024 Q1 - Key messages of the quarter Very strong result with a net profit of EUR 674 million, driven by net interest income, fee income and low cost of riskBusiness momentum remained good; our mortgage loan book grew by EUR 0.8 billion and our corporate loan book by EUR 0.3 billion. We were market leader in mortgages in Q1Continued strong net interest income as we continued to benef...
Correction: ABN AMRO rapporteert nettowinst van EUR 674 miljoen in Q1 ...
Correction: ABN AMRO rapporteert nettowinst van EUR 674 miljoen in Q1 2024 [Vervanging van oude versie bijlage Q rapport met minimale aanpassingen] ABN AMRO rapporteert nettowinst van EUR 674 miljoen in Q1 2024 Q1 - Key messages over het kwartaal Zeer sterk resultaat met een nettowinst van EUR 674 miljoen, gedreven door de netto rentebaten, inkomsten uit provisies, en lage risicokostenBusiness momentum bleef goed; onze hypotheekportefeuille groeide met EUR 0,8 miljard en onze zakelijke kredieten met EUR 0,3 miljard. We waren in Q1 de marktleider in hypothekenAanhoudend sterke netto ren...
Euronext N.V. Annual General Meeting results
Euronext N.V. Annual General Meeting results Contacts MediaContact Investor RelationsAmsterdam Brussels 27Dublin 13Lisbon 4 Milan 12Oslo Paris 45 Euronext N.V. Annual General Meeting results Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 15 May 2024 – Euronext announced that in its Annual General Meeting (AGM) that took place today, all items on the agenda were approved, with the exception of resolution 3.C (advisory vote). For the detailed items, please refer to the agenda of the AGM published on the . The payment of the annual dividend will occur on 23 May 2024, wi...
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
- Julian Dobrovolschi
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/15/2024
With 71% of the companies in the Stoxx 600 having released their Q1 2024 results, the picture at this stage is encouraging, with 58% of positive surprises on results. Materials and financials were the sectors that delivered the most positive surprises. If the Q4 2023 earnings season put an end to a downward revision of EPS, the Q1 2024 earnings season has triggered the start of an upward EPS revision, more markedly in the US than in Europe. In terms of sectors, re-rating effects conti...
VIE VEOLIA ENVIRONNEMENT SA
TKA THYSSENKRUPP AG
FGR EIFFAGE SA
HNR1 HANNOVER RUECK SE
GBF BILFINGER SE
CPG COMPASS GROUP PLC
MRK MERCK KGAA
EOAN E.ON SE
ALO ALSTOM SA
GRF GRIFOLS S.A. CLASS A
RWE RWE AG
LEG LEG IMMOBILIEN AG
ASSA B ASSA ABLOY AB CLASS B
ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
WLN WORLDLINE SA
GRF.P GRIFOLS S.A. PREF CLASS B
HLAG HAPAG-LLOYD AG
REY REPLY S.P.A.
NEXI NEXI S.P.A.
AZE AZELIS GROUP NV
NCH2 THYSSENKRUPP NUCERA AG & CO.
- Julian Dobrovolschi
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/05/2024
Alors que 71% des sociétés du Stoxx 600 ont publié, le bilan est à ce stade positif avec 58% de surprises positives sur les résultats. Matériaux et Financières sont les secteurs ayant apporté le plus de surprises positives. Le consensus – qui avait stoppé sa baisse durant les publications T4-23, est désormais reparti à la hausse, plus nettement aux Etats-Unis qu’en Europe. Sectoriellement, les effets de rerating ont continué de dominer les révisions de BPA. - ...
VIE VEOLIA ENVIRONNEMENT SA
TKA THYSSENKRUPP AG
FGR EIFFAGE SA
HNR1 HANNOVER RUECK SE
GBF BILFINGER SE
CPG COMPASS GROUP PLC
MRK MERCK KGAA
EOAN E.ON SE
ALO ALSTOM SA
GRF GRIFOLS S.A. CLASS A
RWE RWE AG
LEG LEG IMMOBILIEN AG
ASSA B ASSA ABLOY AB CLASS B
ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
WLN WORLDLINE SA
GRF.P GRIFOLS S.A. PREF CLASS B
HLAG HAPAG-LLOYD AG
REY REPLY S.P.A.
NEXI NEXI S.P.A.
AZE AZELIS GROUP NV
NCH2 THYSSENKRUPP NUCERA AG & CO.
- Julian Dobrovolschi
Euronext : All-time-high revenue and further track-record in cost disc...
>Conclusion: key P&L figures ahead of consensus by a low-to-mid single digit - ENX came out with a solid set of Q1 2024 figures last evening. The company reported record-high revenue in the quarter of € 401.9m, 2.1% ahead of consensus, and a net profit of € 139.7m, 3.6% ahead of consensus. We think the market will appreciate again the exemplar cost management in the quarter, which ENX realised in a still somewhat elevated inflationary period. Company leverage declined...
- ING Helpdesk
Benelux Morning Notes
Aalberts: Preview - steady in difficult markets. ABN AMRO: 1Q24 overshadowed by weaker capital, even if a strong set. AEGON: 1Q24 Preview (trading update). Alfen: Preview - clarity on one-off Pacto costs crucial. B&S Group: Bolt-on acquisition in Personal Care. Belgian telcos: BIPT notes that fibre cooperation negotiations not ready by 15 May. EVS: 1Q24 preview. Euronext: Another record, with Beats by Boujnah. Montea: €12m acquisition in the Port of Ghent. Staffing: Dutch Perio...
PROX PROXIMUS SA DE DROIT PUBLIC
ABN ABN AMRO BANK NV DEPOSITARY RECEIPTS
EVS EVS BROADCAST EQUIPMENT SA
RAND RANDSTAD NV
MONT MONTEA SCA
AALB AALBERTS N.V.
BRNL BRUNEL INTERNATIONAL N.V.
TWEKA TKH GROUP N.V. CERT
OBEL ORANGE BELGIUM SA
BSGR B&S GROUP S.A.
ALFEN ALFEN NV
AGN AEGON N.V.
- Jacob Mekhael
- Lynn Hautekeete
- Thomas Couvreur
- Wim Lewi
ABN AMRO Bank posts net profit of EUR 674 million in Q1 2024
ABN AMRO Bank posts net profit of EUR 674 million in Q1 2024 ABN AMRO Bank posts net profit of EUR 674 million in Q1 2024 Q1 - Key messages of the quarter Very strong result with a net profit of EUR 674 million, driven by net interest income, fee income and low cost of riskBusiness momentum remained good; our mortgage loan book grew by EUR 0.8 billion and our corporate loan book by EUR 0.3 billion. We were market leader in mortgages in Q1Continued strong net interest income as we continued to benefit from the current interest rate environmentFee income higher, driven by good performan...
ABN AMRO rapporteert nettowinst van EUR 674 miljoen in Q1 2024
ABN AMRO rapporteert nettowinst van EUR 674 miljoen in Q1 2024 ABN AMRO rapporteert nettowinst van EUR 674 miljoen in Q1 2024 Q1 - Key messages over het kwartaal Zeer sterk resultaat met een nettowinst van EUR 674 miljoen, gedreven door de netto rentebaten, inkomsten uit provisies, en lage risicokostenBusiness momentum bleef goed; onze hypotheekportefeuille groeide met EUR 0,8 miljard en onze zakelijke kredieten met EUR 0,3 miljard. We waren in Q1 de marktleider in hypothekenAanhoudend sterke netto rentebaten, omdat we bleven profiteren van de huidige renteomgeving I...
Euronext publishes Q1 2024 results
Euronext publishes Q1 2024 results Contacts MediaContact Investor RelationsAmsterdam Brussels 27Dublin 13Lisbon 4 Milan 12Oslo Paris 45 Euronext publishes Q1 2024 results Strong start of the year with record topline driven by strong organic growth of Euronext’s diversified business model. Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 14 May 2024 – Euronext, the leading pan-European market infrastructure, today publishes its results for the first quarter 2024. Q1 2024 revenue and income was up +8.0% at €401.9 million: Strong performance of non-volume related revenu...
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