reports
Brenntag SE: 1 director
A director at Brenntag SE bought 7,000 shares at 57.369EUR and the significance rating of the trade was 89/100. 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 sh...
- Carole Braudeau
- Carole Braudeau
- Carole Braudeau
Morning Crédit 30/10/2024
Première publication du groupe Mobilux (BUT/Conforama)Rexel : amende de 124 m EUR de la part de l’Autorité de la concurrence (prix dérogés)Kering : S&P a dégradé le rating à BBB+/stableSynlab : Elliott va devenir actionnaire d’Ephios, ouvrant la voie au rachat des minoritaires>...
- Carole Braudeau
Credit Morning 10/30/2024
Synlab: Elliott will become shareholder of Ephios, paving the way for a squeeze-out of minority holdersRexel: France’s competition authority fines Rexel € 124m (special price agreement mechanism)Kering: S&P downgrades rating to BBB+/stableFirst publication of the Mobilux Group (BUT/Conforama)>...
- Oliver Metzger
- Sinan Doganli
ODDO : First feedback – DAY 1
We host the 15th edition of the Corporate Conference in cooperation with Commerzbank on September 3rd & 4th 2024 in Frankfurt am Main. This year we are welcoming 90 German small, mid and large cap companies. - >Adidas (+) – On trackAixtron (=) – No short-term inflection, but high confidence in long-term prospectsAllgeier (+) – Is confident it can achieve 15% EBITDA margin by the end of 2025 ams OSRAM (=) – Some cautiousness on auto/industrial, still co...
FME FRESENIUS MEDICAL CARE AG
CEC CECONOMY AG
AMS AMS AG
ADS ADIDAS AG
CBK COMMERZBANK AG
EVT EVOTEC SE
GBF BILFINGER SE
BOSS HUGO BOSS AG
SDF K+S AG
TPE PVA TEPLA AG
ZAL ZALANDO SE
BAS BASF SE
AIXA AIXTRON SE
BC8 BECHTLE AG
SAX STROEER SE & CO. KGAA
LEG LEG IMMOBILIEN AG
WAF SILTRONIC AG
BNR BRENNTAG SE
SMHN SUESS MICROTEC AG
HBH HORNBACH HOLDING AG & CO. KGAA
FNTN FREENET AG
AEIN ALLGEIER HOLDING AG
IOS IONOS GROUP SE
- Carole Braudeau
- Carole Braudeau
- Carole Braudeau
Morning Crédit 19/08/2024
Ceconomy: 5.2% LfL growth in Q3 24, raise of sales guidance; EUR 144m 2026 bond remains outstanding 2026 bondholder will take over 2029 bond, Accentro publishes business plan updateTechem: potential IPO in September Brenntag: weak Q2 24 results, company revises down guidance again Avantor divests its clinical services business for USD 650m, aims to reduce indebtedness>...
- Carole Braudeau
Credit Morning 08/19/2024
Ceconomy: 5.2% LfL growth in Q3 24, raise of sales guidance; EUR 144m 2026 bond remains outstanding 2026 bondholder will take over 2029 bond, Accentro publishes business plan update Techem: potential IPO in September Brenntag: weak Q2 24 results, company revises down guidance again Avantor divests its clinical services business for USD 650m, aims to reduce indebtedness>...
- Fabian Semon
- Michael B. Schäfer
- Fabian Semon
- Michael B. Schäfer
- Fabian Semon
- Michael B. Schäfer
Brenntag : Not as bad as feared. Q2 op. EBITA 3% above cons; H2 recove...
>Op. EBITA better than expected in Q2, down 10% y-o-y adj. for FX to € 297m, 3% above the consensus of € 290m on higher q-o-q volumes and flat GP/ton - Op. EBITA sequentially benefited from a mix of volume recovery and stable GP/unit in Q2 2024 vs Q1 2024. Op. EBITA was up 14% q-o-q compared to Q1 2024, which reported € 260m op. EBITA, but declined 10% y-o-y adj. for FX to € 297m from € 332m, 3% above the consensus expectations of € 290m. Reshuffled Specialties segmen...
- Stephane Beyazian
- Stephane Beyazian
- Fabian Semon
- Michael B. Schäfer
Brenntag : Q1 op. EBITA 7% below cons. on GP/unit pressure > better vo...
>Op. EBITA weaker than expected in Q1, down 24% y-o-y adj. for forex to € 260m against high comps, 7% below cons. at € 279m - Op. EBITA faced high a comparison base in Q1, down to € 260m from € 345m, 7% below consensus expectations of € 279m, reporting a 24% forex adj. decline fuelled by both segments, specialties (-23%) and essentials (-23% forex adj. y-o-y). Op EBITA was down 9% q-o-q compared to Q4 2023, which reported € 285m op. EBITA. Reshuffled specialties segme...
- Michael B. Schäfer
ODDO : Glass half full – Volume recovery started after almost 2 years ...
As Spring approaches, we see industry-wide destocking coming to an end, emerging recovery trends in China gaining momentum and European spot energy cost relief rolling in, all helping to restore plant utilisation and earnings. We add more cyclicality to our preferred names, upgrading BASF to Outperform (Neutral). Momentum being regained in specialties chemicals distribution triggers our upgrade of IMCD to Outperform (Neutral). ‘From record to record’ remains our mantra at FUCHS. ...
1COV COVESTRO AG
AI AIR LIQUIDE SA
WCH WACKER CHEMIE AG
LXS LANXESS AG
SDF K+S AG
BAS BASF SE
SOLB SOLVAY SA
BAYN BAYER AG
SY1 SYMRISE AG
KWS KWS SAAT SE & CO KGAA
EVK EVONIK INDUSTRIES AG
BNR BRENNTAG SE
INX IMCD N.V.
2HRA H&R GMBH & CO KGAA
AKZA AKZO NOBEL N.V.
FPE3 FUCHS PETROLUB SE
AZE AZELIS GROUP NV
LIN LINDE PUBLIC LIMITED COMPANY
DSFIR KONINKLIJKE DSM N.V.
SYENS SYENSQO
- Salome Charamalet
- Stefano Toffano
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/07/2024
We are initiating coverage of Lonza with a target price of CHF 535 and an Outperform rating. As one of the world's leading contract development and manufacturing organisations (CDMO), Lonza is predestined to benefit from the sustainable drivers of this industry. The group's global presence and strong market positions in the growth areas of biologics and cell and gene therapy (CGT) will fuel double-digit sales growth and >30% EBITDA margins in the medium term. Despite significant growt...
LUFTHANSA DEUTSCHE LUFTHANSA AKTIENGESELLSCHAFT
JMT JERONIMO MARTINS SGPS S.A.
G1A GEA GROUP AG
RCO REMY COINTREAU SA
SCR SCOR SE
TEP TELEPERFORMANCE SE
RF EURAZEO SA
MRK MERCK KGAA
BAYN BAYER AG
TIT TELECOM ITALIA S.P.A.
BNR BRENNTAG SE
PIRC PIRELLI & C. S.P.A.
NEXI NEXI S.P.A.
AZE AZELIS GROUP NV
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