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Jean Danjou ... (+3)
  • Jean Danjou
  • Oliver Metzger
  • Thomas Zlowodzki

ODDO BHF Small & MIDCAP MORNING NEWS - 02/05/2024

Nous sortons GALP de notre liste ODDO BHF European Large Caps. La valeur a réalisé une performance de +31,3% depuis son entrée le 20 mars dernier. Notre analyste adopte ce jour une opinion Neutre (vs Surperformance) sur la valeur qui a atteint notre objectif de cours. - ...

Robert Jan Vos ... (+2)
  • Robert Jan Vos
  • Salome Charamalet

ForFarmers : Noticeable profitability improvement but climate remains ...

>Negative revenue progression but profitability improving - Q1 2024 was negatively impacted by a significant drop in raw material and fertilizer prices which drove revenue down (-17.4% yoy). Total sales volume declined by 0.8% yoy (+0.2% lfl, adjusted for Belgian volumes sold in 2023 and acquired Piast volumes) of which no growth reported from compound feed sales volume. In the Netherlands ForFarmers reported stable volumes as flattening of the decline continued (it s...

 PRESS RELEASE

Voting Rights and Denominator

Voting Rights and Denominator Press ReleaseRegulated InformationAntwerp, 2 May 2024– 7.00 a.m. CET In application of Article 15 of the Law of May 2, 2007 on the disclosure of major shareholdings in issuers whose shares are admitted for trading on a regulated market, VGP publishes, by means of a press release and on its website, the total share capital, the total number of securities with voting rights and the total number of voting rights at the latest at the end of each month in which any of these numbers has changed.  Situation as at 30 April 2024: Total share capital:€ 136,091,705.08...

 PRESS RELEASE

Stemrechten en Noemer

Stemrechten en Noemer PersberichtGereglementeerde informatieAntwerpen, 2 Mei 2025, 07:00 CET In toepassing van artikel 15 van de wet van 2 mei 2007 op de openbaarmaking van belangrijke deelnemingen in emittenten waarvan aandelen zijn toegelaten tot de verhandeling op een gereglementeerde markt, publiceert VGP door middel van een persbericht en op haar website het totaal kapitaal, het totaal aantal stemrechtverlenende effecten en het totale aantal stemrechten uiterlijk op het einde van elke maand waarin één van deze aantallen is gewijzigd. Situatie op 30 April 2024: Totaal kapitaal:€ 13...

 PRESS RELEASE

ForFarmers trading update Q1 2024: Like-for-like volume growth and str...

ForFarmers trading update Q1 2024: Like-for-like volume growth and strong increase operational profitability Lochem, 2 May 2024 ForFarmers trading update Q1 2024Like-for-like volume growth and strong increase operational profitability Pieter Wolleswinkel, CEO ForFarmers: “Our (compound) feed volumes show an increase. This is a great achievement and shows that we have been able to further strengthen our market position with our focused local market approach. The volume development confirms that we are contributing to a good return on the farm/a profitable farming business. Our e...

 PRESS RELEASE

ForFarmers operationele voortgangsrapportage Q1 2024: Autonome volumeg...

ForFarmers operationele voortgangsrapportage Q1 2024: Autonome volumegroei en sterke stijging operationele winstgevendheid Lochem, 2 mei 2024 ForFarmers operationele voortgangsrapportage Q1 2024Autonome volumegroei en sterke stijging operationele winstgevendheid Pieter Wolleswinkel, CEO ForFarmers: “Onze (meng)voervolumes laten een stijging zien. Dat is een mooie prestatie en laat zien dat wij, met onze gerichte lokale aanpak, onze marktpositie verder hebben weten te versterken. De volumeontwikkeling bevestigt dat we bijdragen aan een goed rendement op het boerenbedrijf. Onze ef...

Fernand de Boer
  • Fernand de Boer

ForFarmers - LFL volume growth turning positive

In Q1-24, ForFarmers continued to make progress with its strategy, reporting positive LFL volume growth. EBITDA increased by 55% on the back the better volume trends and cost savings. ROCE also improved. Despite the progress, our estimates look somewhat too ambitious. We maintain our Hold and on the back an expected lower estimate, we lower our TP from EUR 3.20 to EUR 3.00

Guy Sips ... (+9)
  • Guy Sips
  • Hilde Van Boxstael
  • Kristof Samoy
  • Lynn Hautekeete
  • Thibault Leneeuw
  • Thomas Couvreur
  • Thomas Vranken
  • Wim Hoste
  • Wim Lewi

Morning Notes : ADYEN NA, ASML NA, BESI NA, FLOW NA, FUR NA, HEIA NA, ...

: ADYEN NA, ASML NA, BESI NA, FLOW NA, FUR NA, HEIA NA, HOMI BB, KIN BB, VGP BB, WDP BB, XFAB FP, AZE BB, ONWD BB

 PRESS RELEASE

VGP and Areim Complete First Closing in 50:50 ‘SAGA’ Joint Venture

VGP and Areim Complete First Closing in 50:50 ‘SAGA’ Joint Venture PRESS RELEASE Regulated Information Antwerp, Belgium 25 April 2024 (7.00 a.m. CET) VGP NV ('VGP') and AREIM Pan-European Logistics Fund (D) AB, today announced the signing of the first seed closing between VGP and their 50:50 joint venture, SAGA (The ‘Sixth Joint Venture’). The transaction comprises 17 logistics buildings in 10 VGP Parks. The 17 buildings are located in Germany (6 parks, 8 buildings), the Czech Republic (3 parks, 5 buildings) and Slovakia (1 park, 4 buildings). The transaction with the SAGA ...

 PRESS RELEASE

VGP en Areim Voltooien Eerste Closing in 50:50 'SAGA' Joint Venture

VGP en Areim Voltooien Eerste Closing in 50:50 'SAGA' Joint Venture PERSBERICHT Gereglementeerde informatie Antwerpen, België 25 april 2024 (7.00 uur CET) VGP NV ('VGP') en AREIM Pan-European Logistics Fund (D) AB, kondigden vandaag de ondertekening aan van de eerste 'seed closing' tussen VGP en hun 50:50 joint venture, SAGA (de 'Zesde Joint Venture'). De transactie omvat 17 logistieke gebouwen in 10 VGP Parken. De 17 gebouwen bevinden zich in Duitsland (6 parken, 8 gebouwen), Tsjechië (3 parken, 5 gebouwen) en Slowakije (1 park, 4 gebouwen). De transactie met de SAGA Joint Ve...

Guy Sips ... (+5)
  • Guy Sips
  • Kristof Samoy
  • Michiel Declercq
  • Thomas Vranken
  • Wim Lewi
 PRESS RELEASE

VGP and Deka Immobilien Complete Second Closing in 50:50 ‘RED’ Joint ...

VGP and Deka Immobilien Complete Second Closing in 50:50 ‘RED’ Joint Venture PRESS RELEASE Regulated Information Antwerp, Belgium, 16 April 2024 (7.00 a.m. CET) VGP NV ('VGP') and Deka Immobilien, one of the largest globally active real estate investment companies in Europe, today announced the signing of the second closing between VGP and their 50:50 joint venture, RED (The ‘Fifth Joint Venture’). The transaction comprises two logistics buildings and a multi-storey car park which were developed in parks that have already transferred to the joint venture in the first closing. At t...

 PRESS RELEASE

VGP en Deka Immobilien Voltooien Tweede Closing in 50:50 'RED' Joint V...

VGP en Deka Immobilien Voltooien Tweede Closing in 50:50 'RED' Joint Venture PERSBERICHT Gereglementeerde informatie   Antwerpen, België, 16 april 2024 (7.00 uur CET) VGP NV ('VGP') en Deka Immobilien, één van Europa’s grootste, wereldwijd actieve vastgoedinvesteringsmaatschappijen, kondigen vandaag de ondertekening aan van de tweede closing tussen VGP en hun 50:50 joint venture RED (de 'Vijfde Joint Venture'). De transactie omvat twee logistieke gebouwen en een parkeergarage die op het moment van de eerste closing nog in aanbouw waren en inmiddels werden voltooid. De gebouwen zij...

Gerardo Ibanez ... (+2)
  • Gerardo Ibanez
  • Steven Boumans

ODDO : From landbanks to goldmines: development pipelines in the logis...

The logistics market is our preferred real estate segment, where the coming growth remains undervalued. We prefer the high growth stock within this segment, CTP. We also have Outperform recommendations on Argan, Montea and VGP. We believe WDP is fully valued, though. - >A favourable environment for industrial and logistics real estate - We think the industrial and logistics (“I&L”) segment is the first major real estate market that has bottomed out. We see strong deman...

 PRESS RELEASE

ForFarmers N.V.: Resolutions General Meeting of Shareholders ForFarmer...

ForFarmers N.V.: Resolutions General Meeting of Shareholders ForFarmers N.V. Press release                 Lochem, 11 April 2024 Resolutions General Meeting of Shareholders ForFarmers N.V.During the General Meeting of Shareholders of ForFarmers N.V. (hereinafter referred to as the 'General Meeting' and 'ForFarmers' respectively), held today, the shareholders adopted the financial statements for the 2023 financial year and also approved the dividend proposal for the said financial year.  The dividend of € 0,15 per ordinary share will be paid to ForFarmers' shareholders entirely ...

 PRESS RELEASE

Convocation to the Annual Shareholders’ Meeting and the Special Shareh...

Convocation to the Annual Shareholders’ Meeting and the Special Shareholders’ Meeting of 10 May 2024 Press ReleaseRegulated Information09 April 2024, 7:00 am CET, Antwerp, Belgium The shareholders of VGP NV (the “Company”) are hereby invited to attend the annual shareholders’ meeting and the special shareholders’ meeting of the Company which shall consecutively take place at The General, Business Centre, Generaal Lemanstraat 61, 2018 Antwerp, Belgium, on Friday 10 May 2024 at 10:00 am. Please consult the website link: for further information concerning the annual report (including portfo...

 PRESS RELEASE

Oproeping tot de Gewone Algemene Vergadering en de Bijzondere Algemene...

Oproeping tot de Gewone Algemene Vergadering en de Bijzondere Algemene Vergadering van Aandeelhouders van 10 Mei 2024 PersberichtGereglementeerde informatie09 april 2024, 07.00 uur, Antwerpen, België De aandeelhouders van VGP NV (de “Vennootschap”) worden hierbij uitgenodigd om deel te nemen aan de gewone algemene vergadering en de bijzondere algemene vergadering van de Vennootschap die achtereenvolgens zullen plaatsvinden te The General, Business Centre, Generaal Lemanstraat 61, 2018 Antwerpen, België, op vrijdag 10 mei 2024 om 10.00 uur. Gelieve deze link: te raadplegen voor meer infor...

 PRESS RELEASE

Voting Rights and Denominator

Voting Rights and Denominator Press ReleaseRegulated InformationAntwerp, 2 April 2024– 7.00 a.m. CET In application of Article 15 of the Law of May 2, 2007 on the disclosure of major shareholdings in issuers whose shares are admitted for trading on a regulated market, VGP publishes, by means of a press release and on its website, the total share capital, the total number of securities with voting rights and the total number of voting rights at the latest at the end of each month in which any of these numbers has changed.  Situation as at 31 March 2024: Total share capital:€ 136...

Emmanuel Matot
  • Emmanuel Matot

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 28/03/2024

Hormis les Etats-Unis, les marchés de la construction devraient continuer à reculer en 2024 (-2% en Europe) avant de rebondir à la faveur d’une baisse des taux. Dans ce contexte, la différenciation entre les groupes se fera essentiellement sur leur capacité de résistance (mix géographique et prix/ coûts), l’allocation du capital (et situations spéciales) et leur valorisation. Face à cet environnement, nous relevons nos recommandations sur KONE (la modernisation comme relais de la Chin...

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