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 PRESS RELEASE

Progress on ABN AMRO share buyback programme 26 April – 2 May 2024

Progress on ABN AMRO share buyback programme 26 April – 2 May 2024 Progress on ABN AMRO share buyback programme 26 April – 2 May 2024 ABN AMRO reports the transaction details related to its EUR 500 million share buyback programme announced on 14 February 2024. During the week of 26 April 2024 up to and including 2 May 2024 a total of 2,400,000 shares and depositary receipts were repurchased at an average price of €15.25 for a total amount of €36,590,400. For detailed information on the daily repurchased shares and depositary receipts, individual share purchase transactions and weekly rep...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Aedifica: First sign of portfolio valuation stabilization. ArcelorMittal: Solid 1Q24 EBITDA beat, softer FCF reflects WC and CAPEX phasing. Belgian telcos: Peer Telenet 1Q24 results, still weak commercial performance. dsm-firmenich AG: Vita-still not-min. IBA: Contract to install a P1 system in Connecticut. KPN: VodafoneZiggo 1Q24 results confirm fixed losses, mobile weaker QoQ. Shell plc: Good start to the year

Guy Sips ... (+8)
  • Guy Sips
  • Hilde Van Boxstael
  • Jacob Mekhael
  • Lynn Hautekeete
  • Michiel Declercq
  • Thomas Couvreur
  • Wim Hoste
  • Wim Lewi
Guy Sips ... (+11)
  • Guy Sips
  • Jacob Mekhael
  • Kristof Samoy
  • Lynn Hautekeete
  • Michiel Declercq
  • Sharad Kumar S.P
  • Thibault Leneeuw
  • Thomas Couvreur
  • Thomas Vranken
  • Wim Hoste
  • Wim Lewi

Dynamic Top Pick List Update May 2024 : Adding Fugro, Removing Arcadis

In this May edition of our Dynamic Top Pick List we replace Arcadis by Fugro. Arcadis continues to deliver consistently on its promises and is working hard to realise its 2026 margin targets via cross selling, leveraging its global engineering platform and numerous self-help measures. In spite of this we remove Arcadis from our Dynamic Top Pick List as the recent & strong share price performance leaves little room for further short term triggers As a service provider to the energy industry, Fu...

 PRESS RELEASE

IBA signs contract with Yale New Haven Health and Hartford HealthCare ...

IBA signs contract with Yale New Haven Health and Hartford HealthCare to install Proteus®ONE proton therapy solution in Connecticut, US Louvain-La-Neuve, Belgium, 2 May 2024 - IBA (Ion Beam Applications S.A., EURONEXT), the world leader in particle accelerator technology, today announces that it has signed a contract with the Connecticut Proton Therapy Center, a collaboration between Yale New Haven Health, Hartford HealthCare and Proton International, for the installation of a Proteus®ONE1 compact proton therapy system. The contract includes a multi-year operation and maintenance agreement,...

 PRESS RELEASE

IBA signe un contrat avec Yale New Haven Health et Hartford HealthCare...

IBA signe un contrat avec Yale New Haven Health et Hartford HealthCare pour l’installation d’une solution de protonthérapie Proteus®ONE dans le Connecticut, aux États-Unis Louvain-la-Neuve, Belgique, le 2 mai 2024 - IBA (Ion Beam Applications S.A., EURONEXT), le leader mondial de la technologie d’accélération de particules, annonce aujourd'hui avoir signé un contrat avec le Connecticut Proton Therapy Center, une collaboration entre Yale New Haven Health, Hartford HealthCare et Proton International, pour l'installation d'un système compact de protonthérapie Proteus®ONE1. Le contrat comprend ...

Laura Roba
  • Laura Roba

IBA - First proton therapy contract of the year

• IBA announced the sale of a new ProteusONE system to be installed in Connecticut, US• This is the first system sold in 2024. The first downpayment has been received and the company indicates that the price for a ProteusONE system, with a multi-year maintenance contract, ranges between EUR 40-50m. Margins should reflect the fact that Varian exited the market• We believe that Better-than-expected FY23 results and the improvements foreseen over FY24e will reassure the market and trigger a reratin...

 PRESS RELEASE

Progress on ABN AMRO share buyback programme 19 April – 25 April 2024

Progress on ABN AMRO share buyback programme 19 April – 25 April 2024 Progress on ABN AMRO share buyback programme 19 April – 25 April 2024 ABN AMRO reports the transaction details related to its EUR 500 million share buyback programme announced on 14 February 2024. During the week of 19 April 2024 up to and including 25 April 2024 a total of 3,000,000 shares and depositary receipts were repurchased at an average price of €15.72 for a total amount of €47,170,980. For detailed information on the daily repurchased shares and depositary receipts, individual share purchase tra...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Azelis: Strong margin performance in weak trading results in 3% EBITA beat. BE Semiconductor Industries: 1Q24 results; prolonged downcycle. Coca-Cola Europacific Partners plc: Messy but good. DWS: Record breaking. Flow Traders: Crypto Kings. Fugro: Here we go again. Kinepolis: Weak start to the year, but a bit better than feared. UCB: Changes in the group executive committee. Unilever: Heading in the right direction. Vonovia: Disposal of 4,500 apartments for €700m. Wolters Kl...

Guy Sips ... (+9)
  • Guy Sips
  • Hilde Van Boxstael
  • Kristof Samoy
  • Lynn Hautekeete
  • Thibault Leneeuw
  • Thomas Couvreur
  • Thomas Vranken
  • Wim Hoste
  • Wim Lewi

Morning Notes : ADYEN NA, ASML NA, BESI NA, FLOW NA, FUR NA, HEIA NA, ...

: ADYEN NA, ASML NA, BESI NA, FLOW NA, FUR NA, HEIA NA, HOMI BB, KIN BB, VGP BB, WDP BB, XFAB FP, AZE BB, ONWD BB

Guy Sips
  • Guy Sips

Kinepolis Group FIRST LOOK: Weaker 1Q24 film offering resulted in -9.6...

Despite the weaker 1Q24 film offering and the lower visitor numbers associated with this (7.3m in 1Q24 -perfect in line with our estimates- versus 8.1m in 1Q23), we applauded that Kinepolis indicated they generated strong results per visitor and 1Q24 FCF was even stronger than in 1Q23. Kinepolis highlighted that this ‘Sales/visitor' remained high, thanks to strong demand for premium products, but was occasionally impacted by the product mix in 1Q. We maintain our € 53 Target Price and Buy.

 PRESS RELEASE

Business update first quarter 2024

Business update first quarter 2024 Business update first quarter 2024 Regulated information 25 April 2024, 7 a.m. CET Business update Q1 2024 attached. Attachment

 PRESS RELEASE

Business update premier trimestre 2024

Business update premier trimestre 2024 Business update premier trimestre 2024 Information réglementée 25 avril 2024, 7h00 Business update T1 2024 en annexe. Pièce jointe

 PRESS RELEASE

Business update eerste kwartaal 2024

Business update eerste kwartaal 2024 Business update eerste kwartaal 2024 Gereglementeerd bericht 25 april 2024, 7u00 CET Business update Q1 2024 in bijlage. Bijlage

Kris Kippers
  • Kris Kippers

Kinepolis - Weak start as expected, movie content driven

Kinepolis had a tough start of the year with visitor numbers almost down double digit. The key culprit was the clear lack of a decent movie slate, which is caused by the strikes of last year, resulting in hiccupsPremiumisation and cost control continue, resulting in solid FCF generation. With the movie slate improving from May onwards, we ought to see improving visitor numbersWe stick to our BUY and DCF-based TP of EUR 56.6, using a 7.8% WACC

 PRESS RELEASE

Ageas and BNP Paribas: Transparency notification

Ageas and BNP Paribas: Transparency notification Ageas and BNP Paribas: Transparency notification In accordance with the rules on financial transparency*, BNP Paribas has notified Ageas on 22 April 2024 that, on 19 April 2024, its interest has exceeded the legal threshold of 5% of the shares issued by Ageas. Its current shareholding stands at 6.65%. Reason for the notificationAcquisition or disposal of voting securities or voting rights Notification byA parent undertaking or a controlling person Persons subject to the notification requirementSee annex 1a D...

 PRESS RELEASE

Ageas and Fosun: Transparency notification

Ageas and Fosun: Transparency notification Ageas and Fosun: Transparency notification In accordance with the rules on financial transparency*, Fosun has notified Ageas on 22 April 2024 that, on 19 April 2024, its interest has fallen below the legal threshold of 5% of the shares issued by Ageas. Its current shareholding stands at 4.64%. Reason for the notificationAcquisition or disposal of voting securities or voting rights Notification byA parent undertaking or a controlling person Persons subject to the notification requirementSee annex 1a. Date on which the threshold is crossed19 Apr...

 PRESS RELEASE

Ageas et Fosun: Notification de transparence

Ageas et Fosun: Notification de transparence Ageas et Fosun: Notification de transparence Conformément aux règles de transparence financière*, Fosun a introduit le 22 avril 2024 une notification annonçant que, le 19 avril 2024, sa participation a franchi, à la baisse, le seuil légal de 5% des actions émises par Ageas et atteint 4,64%. Motif de la notificationAcquisition ou cession de titres conférant le droit de vote ou de droits de vote Notification parUne entreprise mère ou une personne détenant le controle Personne(s) tenue(s) à notificationVoir annexe 1a. Date de dépassement du seu...

 PRESS RELEASE

Ageas en Fosun: Transparantiekennisgeving

Ageas en Fosun: Transparantiekennisgeving Ageas en Fosun: Transparantiekennisgeving Fosun informeerde Ageas op 22 april 2024, overeenkomstig de financiële transparantievereisten*, dat zijn belang op 19 april 2024 onder de wettelijke drempel van 5% van de door Ageas uitgegeven aandelen is gedaald en nu 4,64% bedraagt. Reden van de kennisgevingVerwerving of overdracht van stemrechtverlenende effecten of stemrechten Kennisgeving doorEen moederonderneming of een controlerende persoon Kennisgevingsplichtige perso(o)n(en)Zie bijlage 1a. Datum van drempeloverschrijding19 april 2024 Overschre...

Kris Kippers
  • Kris Kippers

Kinepolis - Feedback CMD - “We are missing movies”

• Kinepolis 1st ever Capital Markets Day provided interesting insights of where the group came from and what the company is focusing on for the near future: internal growth and a return in visitor numbers as a driver for sales and cash flow • External growth remains a key focus for the group and its financial means are sound enough to deal with that. However, they will certainly not bet the farm and shareholder remuneration could be considered

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