We are hosting our 28th ODDO BHF Forum in Lyon on 9 and 10 January 2025. In total, 211 companies will be presenting over the two days. In the following note, we provide some initial feedback from the companies on day 1. Out of the 104 feedbacks collected during the first day, 40 were clearly positive, 59 rather Neutral, and only 6 negative. Among the positive names, we would particularly highlight Accor, URW, Euronext, Bureau Veritas, Renke, ID Logistics, Roche Bobois, Ionos, Companie des Alpes...
>Results on track to meet full year guidance at the top end of the range - Hochtief’s Q3 2024 operational results were ahead of both the consensus and our estimates: revenues 3.1% above consensus and 2.2% above our estimates, operational PBT of € 272m (15.3% above the consensus; 4.1% above our € 261m estimate) and operational net profit of € 149m (7.3% above css; 4.1% above our estimate). However, the beat was mainly the result of a higher-than-anticipated financial ...
>P&L and cash generation -once adjusted- in line with consensus and our estimates - Hochtief’s H1 2024 operational results were in line with the consensus and with our estimates: revenues 0.1% above consensus and 0.3% below our estimates, operational PBT € 442m (0.3% below consensus; 0.8% above our € 439m estimate) and operational net profit € 301m (3.8% above css; 0.4% above our estimate) as the slightly higher EBITDA due to the strong performance at Turner, was part...
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