CFE/Hard working but lacking catalysts/HOLD

CFE's 1Q25 trading update underscored our view that end market conditions remain challenging in the short-to-medium term. Revenue declined by c.10% YoY in 1Q25 and the company reiterated its FY25 guidance, expecting a moderate decline in top line but a net profit close to the level reached last year. This was a positive and highlights that project-specific issues no longer significantly impact the underlying profitability of CFE. Our new, now in line with company guidance, FY25F net profit estim...

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 05/20/2025

CFE : Weak start of 2025, but FY25 outlook maintained

Benelux Morning Notes

CFE: Keeps FY25 outlook. Greenyard: Preview of FY24/25 results. Recticel: Peer Rockwool 1Q25 results

Morning Notes : ABN NA, CFEB BB, HEIA NA, JEN BB, ROU BB, BTLS BB, ZEA...

: ABN NA, CFEB BB, HEIA NA, JEN BB, ROU BB, BTLS BB, ZEAL DC

Tikehau Capital: 2 directors

Two Directors at Tikehau Capital bought 27,154 shares at between 18.168EUR and 19.275EUR. The significance rating of the trade was 78/100. 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 th...

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 05/13/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 13/05/2025

Almirall SA : Q1 earnings a touch above. Guidance reiterated

ALMIRALL: MENSAJES DE LA CONFERENCE CALL RDOS. 1T’25 (ANÁLISIS BANCO S...

De la conference call de Rdos. 1T’25 destacamos:

ALMIRALL: 1Q’25 RESULTS (ANÁLISIS BANCO SABADELL)

1Q'25 vs. 1Q'24 Results Sales: € 284.6 M (+15.0% vs. +12.9% BS(e) and +14.2% consensus); EBITDA: € 70.9 M (+35.0% vs. +29.1% BS(e) and +30.7% consensus); EBIT: € 34.2 M (+84.9% vs. +75.7% BS(e) and +78.9% consensus); Net Profit: € 22.1 M (+198.6% vs. +101.4% BS(e) and +168.9% consensus);

ALMIRALL: RDOS. 1T’25 (ANÁLISIS BANCO SABADELL)

Rdos. 1T'25 vs 1T'24: Ventas: 284,6 M euros (+15,0% vs +12,9% BS(e) y +14,2% consenso); EBITDA: 70,9 M euros (+35,0% vs +29,1% BS(e) y +30,7% consenso); EBIT: 34,2 M euros (+84,9% vs +75,7% BS(e) y +78,9% consenso); BDI: 22,1 M euros (+198,6% vs +101,4% BS(e) y +168,9% consenso).

IBERIAN DAILY 12 MAY + 1Q’25 RESULTS. HIGHLIGHTS AND REST OF PREVIEWS ...

NEWS SUMMARY: ALMIRALL, CAIXABANK, IBERDROLA, INDRA, NEINOR, SANTANDER. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 1Q’25 results to be released over the coming days in Spain. Stability returns to stock markets, nearing highs It was a week of gains for most European indices, with the market remaining confident in a prolonged de-escalation of the trade war. Thus, the Ibex r...

INFORME DIARIO 12 MAYO + RDOS. ESPAÑA Y EUROPA 1T’25. IDEAS DESTACADAS...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ALMIRALL, CAIXABANK, IBERDROLA, INDRA, NEINOR HOMES, SANTANDER. EUROPA: UNICREDIT. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 1T’25 que se publicarán en España y Europa en los próximos días. Vuelve la estabilidad y se acercan los máximos Semana de avances en la mayoría de índices europeos, con un merca...

Saipem Spa: 1 director

A director at Saipem Spa sold 70,000 shares at 2.070EUR and the significance rating of the trade was 61/100. 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 showi...

Webuild : Building resistance: no significant impacts expected from th...

Webuild has posted a strong set of results over the past years, with actual numbers exceeding the guidance. Going forward, we expect the company to continue delivering on its backlog, resulting in a sequential improvement in profitability. Despite the current macroeconomic volatility, Webuild is not expected to be directly impacted by US tariffs (local player through Lane) nor a potential economic slowdown, being exposed to long-term government spending programs in key regions such as Italy and ...

Webuild : Building resistance: no significant impacts expected from th...

Webuild has posted a strong set of results over the past years, with actual numbers exceeding the guidance. Going forward, we expect the company to continue delivering on its backlog, resulting in a sequential improvement in profitability. Despite the current macroeconomic volatility, Webuild is not expected to be directly impacted by US tariffs (local player through Lane) nor a potential economic slowdown, being exposed to long-term government spending programs in key regions such as Italy and ...

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 05/05/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 05/05/2025

Almirall SA : Q1 2025 earnings preview: solid underlying trend plus so...