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Carole Braudeau
  • Carole Braudeau

Credit Morning 03/24/2026

Vehicle registrations in Europe rebounded slightly in February|French retail sales; further decline in February 2026|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 24/03/2026

Les immatriculations de véhicules en Europe ont légèrement rebondi en février|Ventes Retail France : rechute en février 2026|

Delphine Brault ... (+6)
  • Delphine Brault
  • Emira Sagaama
  • Juan Ros-Padilla
  • Luis de Toledo Heras
  • Marc Lavaud
  • Nathan Mietlicki
Delphine Brault ... (+6)
  • Delphine Brault
  • Emira Sagaama
  • Juan Ros-Padilla
  • Luis de Toledo Heras
  • Marc Lavaud
  • Nathan Mietlicki
Juan Ros-Padilla ... (+2)
  • Juan Ros-Padilla
  • Luis de Toledo Heras

ODDO : Iberia Top Pick selection: The shape of things to come

Our Top Picks blend Iberia’s resilient inner demand and tourism engines with defensive cash yield and regulated exposure. The macro overview remains a “low-drama, high-uncertainty” expansion: eurozone growth is steady with disinflation near 2%, an ECB on a prolonged plateau, and benign financial conditions. Positioning favours quality consumer/services (Inditex, AENA and Cirsa), transition/regulated cash flows (EDP), and high cash O&G (Repsol), with yield support (Navigator).

Johanna Jourdain ... (+2)
  • Johanna Jourdain
  • Juan Ros-Padilla
Carole Braudeau
  • Carole Braudeau

Credit Morning 12/05/2025

Sappi and UPM merge their paper businesses to better withstand falling demand|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 05/12/2025

Sappi et UPM fusionnent leurs activités papier pour mieux résister à la baisse de la demande|

Johanna Jourdain ... (+2)
  • Johanna Jourdain
  • Juan Ros-Padilla
Carole Braudeau
  • Carole Braudeau

Credit Morning 11/25/2025

Bertrand Franchise : 11.5% growth in Q3 2025 EBITDA, offsetting the decline in H1 2025|Zegona : satisfactory results in H1 2026, agreement to sell 40% of Fiberpass to AXA IM|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 25/11/2025

Bertrand Franchise : EBITDA en hausse +11.5% au T3 25, rattrapant la baisse du S1 25|Zegona : résultats satisfaisants au S1 2026, accord pour la cession de 40% de Fiberpass à AXA IM|

Carole Braudeau
  • Carole Braudeau

Credit Morning 11/18/2025

Celanese: CFR downgraded by S&P, with the outlook still negative|Eroski announces refinancing plan including new offering of 2031 notes|Altice International: exclusive talks for the sale of Hot Mobile for NIS 2.1bn (€ 561m)|Crédit Agricole S.A. unveils its strategic plan ACT 2028|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 18/11/2025

Celanese: CFR downgraded by S&P, with the outlook still negative|Eroski annonce un plan de refinancement comportant une nouvelle émission obligataire 2031|Altice International : négociations exclusives pour la vente de Hot Mobile pour 2,1 mds NIS (561 m EUR)|Crédit Agricole présente ce matin son nouveau plan stratégique 2028|

Carole Braudeau
  • Carole Braudeau

Credit Morning 10/15/2025

Rexel: solid Q3 sales despite lack of price acceleration.|LVMH: Q3 sales exceed expectations, confident for 2026|Bouygues, Iliad and Orange make a joint bid for a large part of SFR assets|

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