[Communiqué de presse] Mise à disposition du document d’enregistrement universel d’iliad S.A. Communiqué de presse Paris, le 24 avril 2025 Mise à disposition du document d’enregistrement universel d’iliad S.A. information réglementée Le document d’enregistrement universel d’iliad S.A. a été déposé le 24 avril 2025 auprès de la Commission de Surveillance du Secteur Financier (« CSSF »), en sa qualité d’autorité compétente au titre du règlement (UE) 2017/1129, sans approbation préalable conformément à...
The 4Q24 earnings reports of VodafoneZiggo, Telenet, Sunrise and Virgin Media O2[de] were soft. When compared to 4Q23, the 4Q24 adj. EBITDA performance was weak across the board. We currently prefer Sunrise, as it guides for adj. EBITDAaL growth and lower leverage. We also like VodafoneZiggo, as there is less uncertainty with respect to a potential network carve-out than at Virgin Media O2 and Telenet. Given similar credit profiles, we expect limited spread dispersion across the four companies.
Avantium: Management team change. Belgian telcos: Extra data on Proximus brand mobile plans at no additional cost. Elia: Launch of €1.35bn rights issue and closing of €850m private placement. Randstad: Preliminary preview of 1Q25F results due 23 April. Shell plc: Very solid CMD, attractive outlook for shareholders. Tessenderlo: 2024 in-line with lowered outlook, soft 2025F guidance
[Communiqué de presse] Le Groupe iliad enregistre une année record et change de dimension Communiqué de presse Paris, le 25 mars 2025 à 08h00 Le Groupe iliad enregistre une année record et change de dimension communication financière 50 millions d’abonnés, 10 milliards d’euros de chiffre d’affaires : en 2024, le Groupe iliad a franchi deux seuils symboliques et changé de dimension. Leader de la croissance du secteur en Europe à nouveau cette année, le Groupe est désormais le 5ème opérateur télécom d’Europe1. Le modèle économique s’est amélioré comme en témoigne la hausse de l...
Acomo: A game of two halves. Ahold Delhaize: Peer Kroger FY24 results. Belgian telecoms: Telenet 2.9% price increase. D'Ieteren: FY24 results preview. Elia: Strong results and 2025 outlook, €2.2bn equity financing. Eurocommercial Properties: Sound results, positive revaluations, lighter LTV. Melexis: Attractive bid on direct peer Allegro. Universal Music Group: Much better Q4 - on strong subscription, DSP catch-up payment.
In today's Morning Views publication we comment on developments of the following high yield issuers: Digi Communications, Sunrise, Telenet, Air France-KLM, Ineos Quattro, Atalian, Picard, Casino Guichard-Perrachon, Scan Global Logistics, Forvia (formerly Faurecia), Lottomatica (formerly Gamenet)
Ackermans & van Haaren: Record result from core segment, in line with estimate. Bekaert: In-line 2024, 2025F guidance suggests weak 1H25 momentum. Belgian telecoms: Management/liquidity crisis at DIGI Belgium. bpost: 4Q24 beats but no dividend over FY24, FY25 outlook well below. Elia: Preview FY24, capex and financing in focus. Fugro: After a nice beat, moving into FY25 dynamics. Kendrion: No recovery signals. Proximus: Neutral 4Q24, 2025 guidance. Recticel: UK Deputy PM calls fo...
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