HelloFresh SE: 1 director

A director at HelloFresh SE bought 4,000 shares at 5.485EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly s...

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...

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. - ...

Alstom : Roadshow feedback: all components for a recovery are in place...

>The components for an improvement in the EBIT margin are in place... - The group generated a 5.7% adjusted EBIT margin in 2023-24, despite a negative rolling stock margin. This was due on one hand to the historic Bombardier contracts managed with a zero gross margin (€ 1.7bn executed) and on the other hand specific difficulties on the Aventra project (to be finalised during this year). There now remains just around € 1.5bn in zero-margin Bombardier contracts to be ex...

Alstom : Feedback roadshow : toutes les composantes pour une recovery ...

>Les composantes de l’amélioration de la marge d’EBIT sont en place … - Le groupe a réalisé 5.7% de marge d’EBIT ajusté en 2023/24, malgré une marge rolling stock négative, du fait d’une part des contrats Bombardier historiques traités à marge brute zéro (1.7 Md€ exécutés) et d’autre part des difficultés spécifiques sur le projet Aventra (qui sera finalisé courant de cette année). Il ne reste désormais plus qu’environ 1.5 Md€ de contrats Bombardier à marge zéro à exé...

SiC, Hybrid Bonding, Infineon, Uber, Arm, Arista. The Tech Weekly Wrap...

WOOD Daily: TLV RO; ADNOCDRI UH; OTKAR TI; TBCG LN; ELM AB; ISCTR TI; ...

HEADLINES: • Banca Transilvania: NIM resilience and strong loan book expansion the key positives of 1Q24 bottom-line beat, on non-recurring revenue, low provisions and a one-off POSITIVE • ADNOC Drilling: 1Q24 results – new venture and updated dividend policy POSITIVE • Otokar: lacklustre 1Q24 results, but strong backlog NEGATIVE • TBC Bank: 1Q24 results and conference call NEUTRAL • Elm: mixed 1Q24 financial results NEGATIVE • Isbank: 1Q24 highlights – margin pressure worsening • Polish banks: ...

Moody's Ratings Affirms Renault's Ba1 rating, changes outlook to posit...

Moody's Ratings (Moody's) has today affirmed all ratings of Renault S.A. (Renault or the group) including its Ba1 long-term corporate family rating (CFR), its Ba1-PD probability of default rating (PDR), the (P)Ba1 rating of its senior unsecured EMTN programme and the Ba1 rating of the group's senior...

Alstom : 1 Md€ d’augmentation de capital et 750 M€ de dette hybride po...

>Un FCF de 562 M€ au S2, en ligne avec les objectifs - Alstom publie ce matin ses résultats annuels (clôture à fin mars) 2023-24. Les commandes atteignent 19 Md€ (book-to-bill 1.08x), permettant au carnet de commandes d’atteindre les 91.9 Md€. Le chiffre d’affaires progresse de 9.4% en comparable, à 17.6 Md€ et la marge d’EBIT ajusté atteint 5.7% (+50 pb). Ces chiffres sont globalement en ligne avec les attentes. Le résultat net intègre 147 M€ de charges de restr...

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/05/2024

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ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/09/2024

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Siemens Energy AG : Le dynamisme de Grid Technologies booste les résul...

>T2 2023/24 : un très bon trimestre, grâce à Grid Technologies - Siemens Energy a publié hier matin des résultats T2 supérieurs aux attentes, principalement grâce à la division Grid Technologies. Les commandes s’établissent à 9.5 Md€, -22% en comparable (dont -76% pour Siemens Gamesa, -21% pour Gas Services, +27% pour Grid Technologies). Le CA atteint 8.3 Md€, +3.7% en comparable (-6% pour GS, +25% pour GT, -4.6% pour Siemens Gamesa). L’EBITA ajusté (avant SI – specia...

Siemens Energy AG : Momentum at Grid Technologies boosts Q2 results

>Q2 2023-24: a very good quarter thanks to Grid Technologies - Yesterday morning, Siemens Energy published Q2 results that beat expectations, primarily thanks to the Grid Technologies division. Order intake was € 9.5bn, -22% l-f-l (of which -76% for Siemens Gamesa, -21% for Gas Services, +27% for Grid Technologies). Sales were € 8.3bn, +3.7% l-f-l (-6% for GS, +25% for GT, -4.6% for Siemens Gamesa). Adjusted EBITA (before SI – special items) was € 170m, well above for...

Alstom : Bientôt un nouveau chapitre, après l’augmentation de capital

>2.4 Md€ de mesures inorganiques pour renforcer le bilan – suffisant selon nous - Comme anticipé, Alstom a détaillé hier comment allaient s’articuler les 2 Md€ de mesures inorganiques : i/ 700 M€ de cash provenant des cessions (TMH et signalisation conventionnelle), ii/ 1 Md€ d’augmentation de capital, avec droits préférentiels de souscription. CDPQ et BPI, qui détiennent respectivement 17.4% et 7.5% du capital, participeront à l’opération, et iii/ l’émission d’une de...

Alstom : New chapter starting, after the capital increase

>€ 2.4bn in inorganic measures to bolster the balance sheet – should be enough in our view - As expected, Alstom yesterday detailed how the € 2bn of inorganic measures would be structured: i/ € 700m of cash from disposals (TMH and conventional signalling), ii/ a € 1bn capital increase, with preferential subscription rights. CDPQ and BPI, which hold 17.4% and 7.5% of the capital respectively, will take part in the operation, and iii/ the issue of hybrid debt for € 750m...

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/08/2024

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ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/05/2024

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