Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of JCDecaux SE and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 20 February 2025 in which we reassessed the appropriateness of the ratings in the context of th...

Credit Morning 02/21/2025

Auchan is to announce a dismal set of numbers for 2024 (La Lettre)|Constellium: weak Q4 results and 2025 outlook, but FCF to be positive|

Morning Crédit 21/02/2025

Auchan s’apprêterait à annoncer des résultats très dégradés (La Lettre)|Constellium: weak Q4 results and 2025 outlook, but FCF to be positive|

Morning Notes : COFB BB, DSFIR NA, IVA FP, MTLS US, ONTEX BB, PNL NA

: COFB BB, DSFIR NA, IVA FP, MTLS US, ONTEX BB, PNL NA

Ontex Successful transformation story but some uncertainty on US tarif...

The acceleration of volume growth to 9% in 4Q24 is another testimony of the potential growth in North America. After recent divestment agreements on the Brazilian and Turkish businesses, Ontex will soon complete its strategic transformation and become a private-label focussed personal hygiene player in Europe and North America. Whilst Ontex is an established market leader in Europe, it is a challenger in North America which is characterized by much lower penetration of private label products. Wh...

Ontex - Earnings Flash - FY 2024 Results - Lucror Analytics

Ontex has released its FY 2024 numbers. The company continued to deliver on its transformation plan, with credit stats improving further. Ontex guided for a constructive FY 2025. This should be driven by volumes, on the back of continuing positive momentum. We expect modest earnings improvement and disposals to support further improvement in the credit profile this year. We believe Ontex will refinance the HY bonds in the coming months.

Credit Morning 02/20/2025

Carrefour: full-year earnings and launch of strategic assets review|OPmobility: solid 2024 results and positive outlook in a challenging environment|Groupe Bruxelles Lambert (GBL) said to be mulling Imerys minority buyout (Bloomberg)|Verallia recovers slightly in Q4 and takes a cautious view of 2025|

Morning Crédit 20/02/2025

Carrefour : résultats annuels et lancement d’une revue des actifs stratégiques|OPmobility : résultats 2024 solides et perspectives positives dans un environnement difficile|GBL étudierait un rachat des parts des minoritaires d’Imerys (Bloomberg)|Verallia se redresse légèrement au T4 et entrevoit 2025 avec prudence|

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Nexans, TK Elevator, The Very Group, Liberty Global, Tereos, Ontex, Recordati, TI Fluid Systems, THOM Europe, Borr Drilling, Klockner Pentaplast, Casino Guichard-Perrachon

Ontex Feedback conference call

Below are the highlights from the conference call. We remind that like-for-like revenue growth picked up in 4Q24 on the back up of the ramp-up of new contracts in North America, resulting in a 3% better than expected adjusted EBITDA. Ontex guides for 4-7% adj EBITDA growth in 2025 with consensus roughly at the midpoint of the range and KBCS slightly above. After recent divestment agreements on the Brazilian and Turkish businesses, Ontex will soon complete its strategic transformation and become ...

Credit Morning 02/19/2025

Tereos : 9M 24/25 results in line with expectations|Nexans: a very strong FY 2024, and a good performance expected in FY 2025.|KKR clashes with Fibercop management over a difference in EBTDA forecasts (FT)|SES : Moody’s revises the outlook to Negative from Stable, SES says FY24 results are better than expected|

ODDO BHF Small & MIDCAP MORNING NEWS – 02/19/2025

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/19/2025

Morning Crédit 19/02/2025

Tereos : Résultats 9M 24/25 conforme aux attentes|Nexans: a very strong FY 2024, and a good performance expected in FY 2025.|FiberCop : conflit entre KKR et le management concernant les prévisions d’EBITDA (FT)|SES : Moody’s révise la perspective de Stable à Négative, SES indique que les résultats 2024 devraient être meilleurs que prévu|

ODDO BHF Small & MIDCAP MORNING NEWS – 19/02/2025

Nexans : One word to describe the results: RECORD

Coffee, Croissants & Credit/SES, Castellum, Icade

Telecom: SES reiterates guidance following negative outlook at Moody's. Real Estate: Castellum 4Q: decent numbers, dividend reinstated, mandatory offer for Entra. Icade FY24: slightly better guidance following tough year, we remain cautious

Nexans : Un seul mot pour qualifier les résultats : RECORD

MTU Aero Engines : FCF impacted by GTF and ongoing supply chain volati...

MTU Aero Engines : FCF impacted by GTF and ongoing supply chain volati...