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Carole Braudeau
  • Carole Braudeau

Credit Morning 07/30/2025

Nexans: Strong set of results and resignation of its CFO|OPmobility prices its new 2031 bonds|Altarea: recovery momentum in housing firmed up in H1 2025|Worldline: confirmation of major operating challenges in H1 2025|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 30/07/2025

Nexans: Strong set of results and resignation of its CFO|OPmobility price ses nouvelles obligations 2031|Altarea : la dynamique de reprise sur le logement se confirme au S1 2025|Worldline : confirmation d’importantes difficultés au S1 2025|

Chaima Ferrandon ... (+2)
  • Chaima Ferrandon
  • Sven Edelfelt
Chaima Ferrandon ... (+2)
  • Chaima Ferrandon
  • Sven Edelfelt
Olfa Taamallah ... (+2)
  • Olfa Taamallah
  • Yan Derocles

ODDO : Feedback from expert access: robust growth well beyond 2030

This report looks at the salient points of an ‘expert access’ event focusing on German defence and geopolitics. We anticipate a period of strong growth for European defence players ( TAM 2024-2030e CAGR of c32%), which should continue beyond this date thanks to NATO's capability ambitions. Pending an acceleration in order intake and given the re-rating of the defence segment, we nonetheless favour civil aerospace stocks in the short term, Airbus and Rolls-Royce. Expert access with Susanne Wiegan...

Olfa Taamallah ... (+2)
  • Olfa Taamallah
  • Yan Derocles

ODDO : Feedback expert access: une croissance soutenue au-delà de 2030

Cette étude reprend les points saillants d’un expert access centré sur la défense allemande et la géopolitique. Nous anticipons une période de forte croissance pour les acteurs européens de la défense (TMVA 24-30 du MAT de c32%) qui se poursuivra au-delà grâce aux ambitions capacitaires de l’OTAN. Dans l’attente de l’accélération des prises de commandes et compte tenu du rerating, nous privilégions néanmoins à CT les valeurs aéronautiques civiles, Airbus et Rolls-Royce.

Jean-François Granjon
  • Jean-François Granjon
Jean-François Granjon
  • Jean-François Granjon
Jean-François Granjon
  • Jean-François Granjon
Jean-François Granjon
  • Jean-François Granjon
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