reports
- Oliver Metzger
ODDO BHF Small & MIDCAP MORNING NEWS - 04/17/2024 Date Performance sin...
NEXT can claim the leading position in the UK fashion category. Moreover, the company managed the transition from offline to online comparatively well. However, top-line growth should remain at 4% a year until 2026 as the business outside the UK is too small. The operating margin should decrease 40bp to 17.6% on higher wages and general Opex inflation. We initiate coverage with a Neutral rating and a TP of 8,900p (based on a peer group and DCF). - ...
- Oliver Metzger
ODDO BHF Small & MIDCAP MORNING NEWS - 17/04/2024 Date Performance dep...
NEXT can claim the leading position in the UK fashion category. Moreover, the company managed the transition from offline to online comparatively well. However, top-line growth should remain at 4% a year until 2026 as the business outside the UK is too small. The operating margin should decrease 40bp to 17.6% on higher wages and general Opex inflation. We initiate coverage with a Neutral rating and a TP of 8,900p (based on a peer group and DCF). - ...
- Oliver Metzger
Gerresheimer AG : Worst of destocking behind us – strong growth to com...
>Primary Packaging Glass - Destocking to come to an end after Q2 - Destocking at glass vials started in Q3 2023 and has had a stronger impact than previously assumed. While the company described the overall underlying growth in Primary Packaging Glass as solid, we regard the quarterly decline of 13.7% in Q1 as the result of the strongest headwind from destocking from a phasing perspective. Our new FY 2024 forecast of 4% (previously 5%) organic growth for Primary Packa...
- Oliver Metzger
ODDO BHF Small & MIDCAP MORNING NEWS - 04/11/2024
Waga Energy offers an innovative start-up profile in the utilities sector: i/ disruptive technology in biogas treatment, ii/ established competitive advantages, iii/ positioning on a market with strong potential (>20,000 landfills) and iv/ a robust business model based on recurring revenues. At its CMD in February 2024, the company reconfirmed its ambitions for 2026 set out at the IPO (contracts for 4 TWh and recurring revenues of € 200m). The financing secured in Q1 2024 (€ 112m base...
- Oliver Metzger
ODDO BHF Small & MIDCAP MORNING NEWS - 11/04/2024
Waga Energy propose un profil de start-up innovante dans le secteur des utilities : i/ une technologie disruptive pour le traitement du biogaz, ii/ des avantages compétitifs établis, iii/ un positionnement sur un marché à fort potentiel (>20 000 décharges) et iv/ un modèle robuste de revenus récurrents. La société a reconfirmé lors du CMD en février 2024 ses ambitions à horizon 2026 annoncées au moment de son IPO (signature de 4 TWh et CA récurrent de 200 M€). Fort des financements ob...
- Oliver Metzger
Gerresheimer AG : Q1 review –Strong headwind from destocking, but Plas...
>Top line impacted by destocking in PPG, but Plastic & Devices strong - The company reported Q1 2024 revenues of € 466.1m (+1.8% y-o-y, 0%/1% vs ODDO BHF/consensus). Organic growth was 2.8% compared to our estimate of 3.2% and the consensus’ 2.1%. Forex headwinds amounted to 60bp. Primary Packaging Glass declined organically weakly by 7.2% (revenues € 208.4m, below expectations) in the quarter on the back of destocking. On the other hand, cosmetics were up again....
EQS-News: Gerresheimer makes solid start to the financial year 2024
EQS-News: Gerresheimer AG / Key word(s): Quarterly / Interim Statement Gerresheimer makes solid start to the financial year 2024 11.04.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Gerresheimer makes solid start to the financial year 2024 Organic growth: Revenues +2.8%, adjusted EBITDA +5.9% Capacity expansion in the Americas, Europe and Asia progresses according to plan Guidance confirmed Düsseldorf, April 11, 2024 Gerresheimer, an innovative systems and solutions provider and a global partner for the pharma, biotech and...
EQS-News: Gerresheimer mit solidem Start ins Geschäftsjahr 2024
EQS-News: Gerresheimer AG / Schlagwort(e): Quartals-/Zwischenmitteilung Gerresheimer mit solidem Start ins Geschäftsjahr 2024 11.04.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Gerresheimer mit solidem Start ins Geschäftsjahr 2024 Organisches Wachstum: Umsatz +2,8 %, Adjusted EBITDA +5,9 % Kapazitätsausbau in Amerika, Europa und Asien schreitet wie geplant voran Prognose bestätigt Düsseldorf, 11. April 2024. Gerresheimer, innovativer System- und Lösungsanbieter und globaler Partner für die Pharma-, Biotech- und Kos...
- Thomas J. Schiessle
GLP 1-Anwendungen treiben – Investitionswelle hält noch an und dämpft ...
Der Markt zweifelte jüngst an der Fortsetzung des schnellen Expansionstempos, zumal auch US-Wettbewerber „negativ überraschten“. Und ohne COVID-19-Extra-Nachfrage wird das H1/24 schwächer als H2/24. Für eine Trendwende hingegen gibt es u.E. keine stichhaltigen Hinweise, unternehmensindividuell und branchenseitig sind die Wachstumstrends intakt.
- Thomas J. Schiessle
GLP 1 applications drive - investment wave continues and dampens profi...
The market recently doubted the continuation of the rapid pace of expansion, especially as US competitors also "surprised negatively". And without COVID-19 extra demand, H1/24 will be weaker than H2/24. In our opinion, however, there are no valid indications of a trend reversal; the growth trends for individual companies and the industry are intact.
- Emmanuel Matot
NK IMERYS SA
SOP SOPRA STERIA GROUP SA
EO FAURECIA SA
F3C SFC ENERGY AG
POM PLASTIC OMNIUM SE
ALCLA CLASQUIN SA
GXI GERRESHEIMER AG
ISS ISS A/S
WHA WERELDHAVE N.V.
ISP INTESA SANPAOLO S.P.A.
ERA ERAMET SA
GLB GLANBIA PLC
INH INDUS HOLDING AG
KRN KRONES AG
WIE WIENERBERGER AG
VLK VAN LANSCHOT KEMPEN NV CERT. OF SHS
ARCAD ARCADIS NV
AALB AALBERTS N.V.
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
UCG UNICREDIT S.P.A.
VGP VGP NV
ASS APPLUS SERVICES S.A.
FFARM FORFARMERS
HOME NEINOR HOMES SA
VRLA VERALLIA SAS
- Emmanuel Matot
NK IMERYS SA
SOP SOPRA STERIA GROUP SA
EO FAURECIA SA
F3C SFC ENERGY AG
POM PLASTIC OMNIUM SE
ALCLA CLASQUIN SA
GXI GERRESHEIMER AG
ISS ISS A/S
WHA WERELDHAVE N.V.
ISP INTESA SANPAOLO S.P.A.
ERA ERAMET SA
GLB GLANBIA PLC
INH INDUS HOLDING AG
KRN KRONES AG
WIE WIENERBERGER AG
VLK VAN LANSCHOT KEMPEN NV CERT. OF SHS
ARCAD ARCADIS NV
AALB AALBERTS N.V.
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
UCG UNICREDIT S.P.A.
VGP VGP NV
ASS APPLUS SERVICES S.A.
FFARM FORFARMERS
HOME NEINOR HOMES SA
VRLA VERALLIA SAS
- Oliver Metzger
Gerresheimer AG : FY review – Finish as expected, positive prospects p...
>Top line impacted by destocking - The company reported Q4 revenues of € 545.2m (+4.5% y-o-y), 1%/-1% vs ODDO BHF/consensus. Organic growth was 5.1% compared to our estimate of 4.7% and the consensus’ 4.9%. Forex headwinds amounted to 60bp. Primary packaging glass grew organically by just 0.5% in the quarter on the back of destocking. Plastics & devices was up by 9.5% in the quarter still impacted by pass-through effects through lower resin prices. Advanced tech...
EQS-News: Gerresheimer setzt den profitablen Wachstumskurs im Geschäft...
EQS-News: Gerresheimer AG / Schlagwort(e): Jahresergebnis Gerresheimer setzt den profitablen Wachstumskurs im Geschäftsjahr 2023 konsequent fort 22.02.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Gerresheimer setzt den profitablen Wachstumskurs im Geschäftsjahr 2023 konsequent fort Organisches Umsatzwachstum 2023: +10,4 % Organisches Adjusted EBITDA-Wachstum 2023: +17,5 % Veränderter Produktmix stärkt Profitabilität Hoher Auftragsbestand und globaler Kapazitätsausbau sichern profitables Wachstum für die Folgejahre ...
EQS-News: Gerresheimer decisively continues on profitable growth cours...
EQS-News: Gerresheimer AG / Key word(s): Annual Results Gerresheimer decisively continues on profitable growth course in financial year 2023 22.02.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Gerresheimer decisively continues on profitable growth course in financial year 2023 Organic revenue growth in 2023: +10.4% Organic adjusted EBITDA growth in 2023: +17.5% Favorable product mix boosts profitability High order backlog and global capacity expansion secure profitable growth for the years ahead Düsseldorf, February 22...
- Oliver Metzger
ODDO BHF Small & MIDCAP MORNING NEWS - 02/15/2024
GALP, TotalEnergies and Shell have discovered vast oil deposits off the coast of Namibia. Oil services companies see this as a new Eldorado. FPSO-type solutions seem to be favoured, making SBM Offshore a key player, not forgetting subsea companies such as TechnipFMC. The whole sector could help local economic development... and/or have major negative impacts on local communities, biodiversity or the fight against corruption. Not to mention the carbon lock-in. We would therefore urge i...
FLY SOCIETE FONCIERE LYONNAISE SA
TFI TELEVISION FRANCAISE 1 SA
MERY MERCIALYS SA
GXI GERRESHEIMER AG
FAGR FAGRON SA
VLS VALNEVA SE
LSS LECTRA SA
ELG ELMOS SEMICONDUCTOR SE
BAMNB KONINKLIJKE BAM GROEP NV
NEX NEXANS SA
VOW3 VOLKSWAGEN AG PREF
VASTN VASTNED RETAIL NV
ECONT ECONOCOM GROUP SE CLASS D
PWG PRODWAYS GROUP SA
AEDAS AEDAS HOMES SA
VRLA VERALLIA SAS
ALHGR HOFFMANN GREEN CEMENT TECHNOLOGIES SA
COP COMPUGROUP MEDICAL SE & CO. KGAA
- Oliver Metzger
ODDO BHF Small & MIDCAP MORNING NEWS - 15/02/2024
GALP, TotalEnergies ou Shell ont découvert de colossaux gisements de pétrole au large des côtes namibiennes. Les sociétés de services y voient un nouvel eldorado. Les solutions de type FPSO semblent être privilégiées, mettant ainsi SBM Offshore en position d’acteur incontournable, sans oublier ceux liés au subsea comme TechnipFMC. Tout le secteur pourrait aider au développement économique local… et/ou avoir des impacts négatifs importants sur les communautés locales, la biodiversité o...
FLY SOCIETE FONCIERE LYONNAISE SA
TFI TELEVISION FRANCAISE 1 SA
MERY MERCIALYS SA
GXI GERRESHEIMER AG
FAGR FAGRON SA
VLS VALNEVA SE
LSS LECTRA SA
ELG ELMOS SEMICONDUCTOR SE
BAMNB KONINKLIJKE BAM GROEP NV
NEX NEXANS SA
VOW3 VOLKSWAGEN AG PREF
VASTN VASTNED RETAIL NV
XIL XILAM ANIMATION SA
ECONT ECONOCOM GROUP SE CLASS D
PWG PRODWAYS GROUP SA
AEDAS AEDAS HOMES SA
VRLA VERALLIA SAS
ALHGR HOFFMANN GREEN CEMENT TECHNOLOGIES SA
COP COMPUGROUP MEDICAL SE & CO. KGAA
- Oliver Metzger
Gerresheimer AG : Incorporating higher impact from destocking
>Q4 preview – Strong P&D, but destocking at PPG - Q4 revenues of € 539m (+3.2% y-o-y) should be supported by organic growth of 4.7%, but impacted by forex headwind of 150bp. We forecast 9.4% organic growth for Plastic & Devices (revenues of € 302m) and an adj. segmental EBITDA of € 89m (+9.4% y-o-y, margin 29.4%). Destocking impacts Primary Packaging Glass for which we expect only a flat organic development (revenues of € 235m). Adj. segmental EBITDA should reach only...
EQS-News: Gerresheimer AG: Gerresheimer und Aptar Digital Health koope...
EQS-News: Gerresheimer AG / Schlagwort(e): Kooperation Gerresheimer AG: Gerresheimer und Aptar Digital Health kooperieren zur Entwicklung einer integrierten Lösung für Krebstherapie 04.01.2024 / 14:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Gerresheimer und Aptar Digital Health kooperieren zur Entwicklung einer integrierten Lösung für Krebstherapie Subkutane Verabreichung von Krebsmedikamenten mit digitaler Therapieunterstützung Integration der Gx SensAir Medikamentenpumpe mit der Digital Health Plattform von Aptar Ziel: L...
EQS-News: Gerresheimer AG: Gerresheimer and Aptar Digital Health colla...
EQS-News: Gerresheimer AG / Key word(s): Alliance Gerresheimer AG: Gerresheimer and Aptar Digital Health collaborate to develop integrated solution for cancer therapy 04.01.2024 / 14:00 CET/CEST The issuer is solely responsible for the content of this announcement. Gerresheimer and Aptar Digital Health collaborate to develop integrated solution for cancer therapy Subcutaneous administration of oncology drugs with digital therapy support Integrating Gx SensAir drug delivery device with Aptar's Digital Health platform Solution aims to improve the patient experience and...
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