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Stefano Toffano
  • Stefano Toffano
ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

AB InBev: Strong brew. Adecco: 1Q25 beats on timing of JV income; 2Q25 outlook momentum positive. Alfen: Preview - 1Q25 should arrive in line. AMG: Strong 1Q25 EBITDA beat, guidance raised. BAM Group: Non-residential backs EBITDA increase. CTP: Strong results combined with strong message on demand dynamics. JDE Peet's: Jumping Beans. Kinepolis: Peer AMC 1Q25 results - revenues per visitor more subdued. Prosus: CEO letter highlights strong profit growth in 2026. Proximus: CpaaS ...

Hilde Van Boxstael ... (+6)
  • Hilde Van Boxstael
  • Jacob Mekhael
  • Michiel Declercq
  • Thomas Vranken
  • Wim Hoste
  • Wim Lewi

Morning Notes : ABI BB, ARGX BB, ATEB BB, CPINV BB, SOLB BB, CTPNV NA,...

: ABI BB, ARGX BB, ATEB BB, CPINV BB, SOLB BB, CTPNV NA, ZEAL DC, JDEP NA, MRUS US

Wim Hoste
  • Wim Hoste

Solvay FIRST LOOK: 1Q uEBITDA -6%, FY uEBITDA now at lower end of rang...

1Q uEBITDA dropped by 6% to € 250m and was roughly in line with market consensus and close to our forecast, although supported by a € 10m one-off. Solvay guides for a sequentially weaker 2Q uEBITDA and expects to come in at the lower end of the €1.0-1.1bn range for the full year. Solvay is a base chemicals group with leading market and technology positions in the vast majority of its businesses. The company favours dividends over aggressive growth (c. 7% dividend yield). We maintain our Accumula...

 PRESS RELEASE

Solvay first quarter 2025 results

Solvay first quarter 2025 results Press release   Regulated information Resilient performance supported by a diversified portfolio and cost savings Brussels, May 8, 2025, 7.00am CEST Highlights Underlying net sales in Q1 2025 of €1,122 million were down -5.8% organically compared to Q1 2024. Uncertainties on the macro-environment led customers to be more cautious in the second part of the quarter, creating some softness in Soda Ash, particularly in March. Most of the other businesses showed resilient performance.Underlying EBITDA in Q1 2025 decreased year-on-year to €250 million...

 PRESS RELEASE

Solvay : résultats du premier trimestre 2025

Solvay : résultats du premier trimestre 2025 Communiqué de presse   Information réglementée Des performances résilientes soutenues par un portefeuille diversifié et des réductions de coûts Bruxelles, le 8 mai 2025 - 7h00 CEST Faits marquants Le chiffre d'affaires sous-jacent du T1 2025 s'est établi à €1 122 millions, en baisse de -5,8% en organique par rapport au T1 2024. Les incertitudes macroéconomiques ont incité les clients à se montrer plus prudents au cours de la seconde partie du trimestre, ce qui a entraîné un certain ralentissement de l’activité du carbonate de soude, en par...

 PRESS RELEASE

Resultaten Solvay van het eerste kwartaal 2025

Resultaten Solvay van het eerste kwartaal 2025 Persbericht   Gereglementeerde informatie   Veerkrachtige prestaties, ondersteund door een gediversifieerde portefeuille en kostenbesparingen Brussel, 8 mei 2025, 7u00 CEST Hoogtepunten De onderliggende netto-omzet in Kw1 2025 van €1 122 miljoen daalde organisch met -5,8% in vergelijking met Kw1 2024. Onzekerheden in de macro-economische omgeving zorgden ervoor dat klanten in de tweede helft van het kwartaal voorzichtiger waren, wat leidde tot enige zwakte in Soda Ash, met name in maart. De meeste andere activiteiten lieten een ...

Rune Majlund Dahl
  • Rune Majlund Dahl

Novo Nordisk (Buy, TP: DKK900.00) - Accelerated Wegovy roll-out ahead

Q1 LCY figures beat our forecasts, while the 2025 guidance was cut to 13–21% LCY sales growth YOY and 16–24% LCY operating profit growth YOY due to weaker GLP-1 sales. We have lowered our rebate for US Ozempic but maintain our 52% Wegovy rebate (in line with the Q1 rebate when adjusting for de-stocking). We reiterate our BUY and DKK900 target price.

Lvmh Moet Hennessy Louis Vuitton SE: 1 director

A director at Lvmh Moet Hennessy Louis Vuitton SE bought 50,702 shares at 493.057EUR and the significance rating of the trade was 67/100. 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...

 PRESS RELEASE

LVMH: Share transactions disclosure

LVMH: Share transactions disclosure Paris, May 6th, 2025 The disclosure of share transactions carried out from April 28th to May 2nd, 2025, was sent to the AMF on May 6th, 2025. As required by current law, this document is publically available and can be consulted on the Company’s website () under the section «regulated information». LVMH LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Co...

 PRESS RELEASE

LVMH : Déclaration des transactions sur actions propres

LVMH : Déclaration des transactions sur actions propres Paris, le 6 mai 2025 La déclaration des transactions sur actions propres réalisées du 28 avril au 2 mai 2025 a été adressée à l’Autorité des Marchés Financiers le 6 mai 2025. Ce document est tenu à la disposition du public dans les conditions prévues par la réglementation en vigueur et peut être consulté dans la rubrique «information réglementée» du site internet de la Société (). LVMH LVMH Moët Hennessy Louis Vuitton est présent dans les Vins & Spiritueux au travers notamment des Maisons Moët & Chandon, Dom Pérignon, Veuve Clicquot...

 PRESS RELEASE

LVMH : INFORMATION MENSUELLE RELATIVE AU NOMBRE TOTAL DE DROITS DE VOT...

LVMH : INFORMATION MENSUELLE RELATIVE AU NOMBRE TOTAL DE DROITS DE VOTE ET D’ACTIONS COMPOSANT LE CAPITAL SOCIAL Société Européenne au capital de 150 042 510 eurosSiège social : 22, avenue Montaigne – 75008 Paris775 670 417 RCS PARISArticles L. 233-8 II du Code de Commerce et 223-16 du Règlement Général de l’Autorité des Marchés Financiers Code ISIN : FR0000121014   Date Nombre total d’actions en circulation Nombre total de droits de vote   30 avril 2025 500 141 700 Total brut de droits de vote : 746 521 218     Total net* de droits de vote : 744 036 258 * Total net = nombre tot...

Carole Braudeau
  • Carole Braudeau

Credit Morning 05/05/2025

Eutelsat appoints J-F. Fallacher as CEO and confirms its full-year guidance|Santander - Sale of 49% of Santander Polska to Erste Bank for € 7bn|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 05/05/2025

Eutelsat nomme J-F. Fallacher en tant que CEO et confirme sa guidance annuelle|Cession de 49% de Santander Polska à Erste Bank pour 7 mds EUR|

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