reports
- Cedric Rossi
- Loic Morvan
- Paul Rouviere
Luxury Goods: H1 profitability under pressure
We turn more cautious on the sector as recent newsflows points to a deterioration of China's macro. H1 should prove to be challenging for the sector with Q2 growth expected to decelerate sequentially from +1% FX-n in Q2 to zero in Q2. With lower topline growth, Luxury groups will be under pressure
Nokia Corporation: Repurchase of own shares on 04.07.2024
Nokia Corporation: Repurchase of own shares on 04.07.2024 Nokia CorporationStock Exchange Release04 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 04.07.2024 Espoo, Finland – On 04 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL378,3783.62CEUX--BATE--AQEU--TQEX--Total378,3783.62 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up ...
Half yearly report on LVMH’s liquidity contract with ODDO BHF SCA
Half yearly report on LVMH’s liquidity contract with ODDO BHF SCA Paris, July 4th, 2024 Pursuant to LVMH’s liquidity contract with Oddo BHF SCA, on the 30th of June 2024 the following amounts appeared on the liquidity account: 31,000 shares20,083,935.40 euros in cash During the first half of 2024, the following transactions were made under the terms of the LVMH liquidity contract: 3,266 purchases, for a total volume of 184,937 shares and a total amount of 142,235,591.80 euros2,886 sales, for a total volume of 174,937 shares and a total amount of 135,987,110.80 euros As a reminder, at t...
LVMH : Bilan semestriel du contrat de liquidité contracté avec ODDO BH...
LVMH : Bilan semestriel du contrat de liquidité contracté avec ODDO BHF SCA Paris, le 4 juillet 2024 Au titre du contrat de liquidité confié par LVMH à Oddo BHF SCA, à la date du 30 juin 2024, les moyens suivants figuraient au compte de liquidité : 31 000 titres20 083 935,40 euros en espèces Au cours du premier semestre 2024, les opérations suivantes ont été réalisées dans le cadre du contrat de liquidité LVMH : 3 266 transactions exécutées à l’achat, portant sur un volume total de 184 937 titres et un montant total de 142 235 591,80 euros2 886 transactions exécutées à la ven...
Nokia Corporation: Repurchase of own shares on 03.07.2024
Nokia Corporation: Repurchase of own shares on 03.07.2024 Nokia CorporationStock Exchange Release03 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 03.07.2024 Espoo, Finland – On 03 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL370,6963.63CEUX--BATE--AQEU--TQEX--Total370,6963.63 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up ...
Nokia Oyj: Omien osakkeiden takaisinosto 02.07.2024
Nokia Oyj: Omien osakkeiden takaisinosto 02.07.2024 Nokia OyjPörssitiedote02.07.2024 klo 22.30 Nokia Oyj: Omien osakkeiden takaisinosto 02.07.2024 Espoo – Nokia Oyj (LEI: 549300A0JPRWG1KI7U06) on 02.07.2024 hankkinut omia osakkeitaan (ISIN FI0009000681) omistukseensa seuraavasti: Markkinapaikka (MIC Code)Osakkeiden lukumääräPainotettu keskihinta osakkeelta, euroa*XHEL382 9563,61CEUX--BATE--AQEU--TQEX--Yhteensä382 9563,61 * Kahden desimaalin tarkkuuteen pyöristettynä Nokia ilmoitti 25. tammikuuta 2024, että yhtiön hallitus on käynnistämässä osakkeidensa takaisinosto-ohjelman palauttaaksee...
Nokia Corporation: Repurchase of own shares on 02.07.2024
Nokia Corporation: Repurchase of own shares on 02.07.2024 Nokia CorporationStock Exchange Release02 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 02.07.2024 Espoo, Finland – On 02 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL382,9563.61CEUX--BATE--AQEU--TQEX--Total382,9563.61 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up ...
Kering: Half-yearly achievement report on Kering share quotations liqu...
Kering: Half-yearly achievement report on Kering share quotations liquidity mandate PRESS RELEASE July 2, 2024 HALF-YEARLY ACHIEVEMENT REPORT ON KERING SHAREQUOTATIONS LIQUIDITY MANDATE Pursuant to the liquidity mandate granted by Kering to Rothschild Martin Maurel, the following assets appeared on the liquidity account as of June 30th, 2024: 0 share€25,792,572 Number of executions on buy side during the semester: 13,437Number of executions on sell side during the semester: 13,706Traded volume on buy side during the semester: 306,881 shares for €112,710,267.92 Tr...
Richemont appoints Catherine Rénier as Chief Executive Officer of Van ...
Richemont appoints Catherine Rénier as Chief Executive Officer of Van Cleef & Arpels 2 JULY 2024 RICHEMONT APPOINTS CATHERINE RÉNIER AS CHIEF EXECUTIVE OFFICER OF VAN CLEEF & ARPELS Richemont today announced that Catherine Rénier, currently Chief Executive Officer (CEO) of Jaeger-LeCoultre, will succeed Nicolas Bos as Chief Executive Officer of Van Cleef & Arpels, effective 1 September 2024, and will report to him following his recent appointment as Richemont’s CEO. Mrs Rénier, a French national, brings more than 20 ye...
Richemont appoints Louis Ferla as Chief Executive Officer of Cartier
Richemont appoints Louis Ferla as Chief Executive Officer of Cartier 2 JULY 2024 RICHEMONT APPOINTS LOUIS FERLA AS CHIEF EXECUTIVE OFFICER OF CARTIER Richemont today announced that Louis Ferla, currently Chief Executive Officer of Vacheron Constantin, will succeed Cyrille Vigneron as Chief Executive Officer (CEO) of Cartier, effective 1 September 2024. Mr Vigneron, who has decided to retire after eight successful years at the helm of the M...
Nokia Corporation: Repurchase of own shares on 01.07.2024
Nokia Corporation: Repurchase of own shares on 01.07.2024 Nokia CorporationStock Exchange Release01 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 01.07.2024 Espoo, Finland – On 01 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL358,1583.64CEUX--BATE--AQEU--TQEX--Total358,1583.64 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up ...
Schneider Electric Sustainability Impact Awards are back for a third y...
Schneider Electric Sustainability Impact Awards are back for a third year, underscoring the company’s commitment to supporting its partners’ sustainability efforts - Program open to Schneider Electric customers, channel partners, and suppliers worldwide - Application process has been simplified, and continues to focus on how applicants achieve results via strategizing, digitizing, and decarbonizing - Nominations are open from now until October 15, 2024 - Winners will be selected at the country, regional, and global levels in late 2024/early 2025 , the leader in the digital transformation ...
- Bruno Cavalier
- Maissa Keskes
- Stephane Houri
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/07/2024
Le RN et le NFP sont arrivés en tête du 1er tour et verront leurs effectifs croître au Parlement français. La configuration politique de l’Assemblée Nationale à l’issue du second tour le 7 juillet prochain est encore très incertaine en raison de l’explosion des triangulaires : parlement bloqué ou majorité absolue pour le RN ? Nous demeurons prudents sur les actions françaises en ce début de semaine, même si le moment d’un rebond approche. - ...
BVI BUREAU VERITAS SA
SU SCHNEIDER ELECTRIC SE
MC LVMH MOET HENNESSY LOUIS VUITTON SE
HO THALES SA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
NOKIA NOKIA OYJ
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
01913 PRADA S.P.A.
MONC MONCLER SPA
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
- Bruno Cavalier
- Maissa Keskes
- Stephane Houri
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/01/2024
The RN and the NFP came out on top in the first round and will see their numbers grow in the French Parliament. The political configuration of the National Assembly at the end of the second round on 7 July is still highly uncertain due to the surge in three-way contests: A blocked parliament or absolute majority for the RN (National Rally)? We remain cautious on French equities at the start of this week, even if the time for a rebound is approaching. - ...
BVI BUREAU VERITAS SA
SU SCHNEIDER ELECTRIC SE
MC LVMH MOET HENNESSY LOUIS VUITTON SE
HO THALES SA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
NOKIA NOKIA OYJ
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
01913 PRADA S.P.A.
MONC MONCLER SPA
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
- Cedric Rossi
- Clement Genelot
- Loic Morvan
- Paul Rouviere
- Philippine Adam
On the shelves now: Consumer weekly #35
In this Consumer Weekly newsletter, we provide a brief overview of the key factors affecting our Consumer coverage, from Luxury & Consumer goods to Retail & E-commerce and Food & Ingredients. This week, we look at the political uncertainty that is clearly set to drive stock markets unti
- Delphine Brault
- Quentin Borie
Schneider Electric : H1 preview: no change to the trend, H2 should be ...
>H1 2024e: a decent first half, which suffered from the weakness of short-cycle activities - We expect no marked change to the trend in Q2. The energy management division should remain the main driver of activity in Q2 with +8.9% expected on an organic basis (thanks to segments such as grid and data centres), while the industrial automation division should have declined by 6.6%, hard hit by short-cycle businesses (discrete automation). For Q2 alone, we anticipate...
- Maissa Keskes
- Stephane Houri
Nokia : Nokia strengthens its product portfolio with the sale of subma...
>Acquisition of Infinera for an EV of $ 2.3bn - Nokia announced at the end of last week the acquisition of Infinera (US group specialised in optical networks) for $ 6.65 per share, a premium of 28% to the closing price on Thursday. The EV works out at $ 2.3bn, including the purchase of $ 760m in convertible notes held by Infinera. The deal values Infinera at 7.5x EV/EBIT 2025e after integration (vs 30x EV/EBITDA 2024e and 11x 2025e before). Nokia will pay 70% in cash...
- Cedric Rossi
Moncler H1 2024 preview: normalisation already visible
The normalisation phase announced by management before/after a stronger-than-expected Q1 publication is set to materialise in Q2 with +4% FX-n sales growth (vs. +16% in Q1) incl. +5% for the Moncler brand (vs. +20% in Q1). However, Moncler should fare relatively better than most of our European lux
- Maissa Keskes
- Stephane Houri
Nokia : Nokia renforce son portefeuille produits, avec la cession des ...
>Acquisition d’Infinera pour une VE de 2.3 Md$ - Nokia a annoncé en fin de semaine dernière le rachat d’Infinera (un groupe américain spécialisé dans les réseaux optiques) pour 6.65 $ par action, une prime de 28% par rapport au cours de clôture de jeudi dernier. La VE ressort à 2.3 Md$, y compris le rachat de 760 M$ d’obligations convertibles détenues par Infinera. L’opération valorise Infinera à 7.5x en EV/EBIT 2025e après intégration (vs 30x EV/ EBITDA 2024e et 11x...
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