reports
Lotus Bakeries: 1 director
A director at Lotus Bakeries sold after exercising options/sold 95 shares at 8,390.000EUR and the significance rating of the trade was 75/100. 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 ove...
- Guy Sips
- Jacob Mekhael
- Kristof Samoy
- Lynn Hautekeete
- Michiel Declercq
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
US Tariffs Navigating the impact on Benelux equities
Trumps reciprocal tariffs caused a massive blow to equity markets, following a pressured period of escalating trade wars. Retaliatory measures can further heavily damage market confidence, as seen Friday when China announced their 34% tarrif of US goods. International trade policies have never moved this erratic and untransparant, with uncertainty and volatility being the baseline for now. In this report we highlight the key stocks in our coverage relevant to this discussion.
EURN EURONAV NV
ABN ABN AMRO BANK NV DEPOSITARY RECEIPTS
FAGR FAGRON SA
EVS EVS BROADCAST EQUIPMENT SA
XIOR XIOR STUDENT HOUSING N.V.
SOLB SOLVAY SA
UCB UCB S.A.
COFB COFINIMMO SA
DIE D'IETEREN SA
AGFB AGFA-GEVAERT NV
IBAB ION BEAM APPLICATIONS SA
AALB AALBERTS N.V.
ONTEX ONTEX GROUP N.V.
MELE MELEXIS NV
CSM CORBION NV
ABI ANHEUSER-BUSCH INBEV SA/NV
EXO EXOR N.V.
ASML ASML HOLDING NV
ARGX ARGEN-X SE
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
ADYEN ADYEN NV
AUTL AUTOLUS THERAPEUTICS ADS
BAR BARCO NV
DEME DEME GROUP NV
FLOW FLOW TRADERS LTD
SYENS SYENSQO
- ING Helpdesk
- Guy Sips
- Hilde Van Boxstael
- Michiel Declercq
- Thibault Leneeuw
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Guy Sips
Lotus Bakeries Bake Baby Bake
We updated our model after Lotus Bakeries achieved in FY24 significant double-digit growth of almost 15.9% to € 1,232m. The organic growth in FY24 was driven almost exclusively by record volume growth. We maintain our DCF backed € 10 750 Target Price but -after the recent share price weakness- we increase our rating to Accumulate as the growth strategies of Lotus Biscoff and Lotus Natural Foods will further drive the ambition to become a global top 3 cookie and a leader in the better-for-you ...
Corona Cero Becomes the Official Global Beer Sponsor of the World Surf...
LISBON, Portugal--(BUSINESS WIRE)-- Today, Corona Cero, the award-winning no-alcohol beer brand, proudly announces a new four-year partnership with the World Surf League (WSL). This marks the league's first-ever global partnership with a no-alcohol beer brand, building on its eight-year partnership with Corona. Together, Corona Cero and WSL will bring more choice for athletes and fans while embracing the laid-back spirit that defines both surfing and the Corona brand ethos. This press release features multimedia. View the full release here: Corona Cero x WSL Official Global Beer Sponsor (Photo...
- Guy Sips
- Hilde Van Boxstael
- Lynn Hautekeete
- Michiel Declercq
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Guy Sips
Jensen-Group All-time high FY24 revenues forms a strong basis for FY25
In FY24, Jensen-Group achieved remarkable milestones, establishing new standards in both operational and financial performance. We maintain our Accumulate rating and have slightly increased our Target Price from €50 to €51.5, in line with our updated DCF, as we believe Jensen-Group can continue its consistent growth trajectory.
Anheuser-Busch In Bev SANV: 1 director
A director at Anheuser-Busch In Bev SANV sold/sold after exercising options 34,935 shares at 57.500EUR and the significance rating of the trade was 100/100. 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...
- Emira Sagaama
- Olfa Taamallah
- Thomas Zlowodzki
- Yan Derocles
SREN SWISS RE AG
ADS ADIDAS AG
GFC GECINA SA
LISN CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG
BAYN BAYER AG
01913 PRADA S.P.A.
EVK EVONIK INDUSTRIES AG
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
INX IMCD N.V.
VACN VAT GROUP AG
ABI ANHEUSER-BUSCH INBEV SA/NV
NEOEN NEOEN S.A.
CPR DAVIDE CAMPARI-MILANO N.V.
AM DASSAULT AVIATION
- Emira Sagaama
- Olfa Taamallah
- Thomas Zlowodzki
- Yan Derocles
SREN SWISS RE AG
ADS ADIDAS AG
GFC GECINA SA
LISN CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG
BAYN BAYER AG
01913 PRADA S.P.A.
EVK EVONIK INDUSTRIES AG
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
INX IMCD N.V.
VACN VAT GROUP AG
ABI ANHEUSER-BUSCH INBEV SA/NV
NEOEN NEOEN S.A.
CPR DAVIDE CAMPARI-MILANO N.V.
AM DASSAULT AVIATION
- Robert Jan Vos
- Wim Hoste
AB InBev Feedback conference call
Below are the highlights from the conference call. Despite weaker than expected 4Q volumes (-1.9% y/y), ABI reported 10% organic EBITDA growth which was 3% above our forecast and 2% above CSS. FY25 guidance of 4-8% organic EBITDA growth is in line with mid term guidance. We still see ABI as the undisputed leader in the beer space, with leading market shares in many markets, ongoing digitization and premiumization trends allowing to generate healthy free cash flows. Valuation remains attractive w...
- Konrad Zomer
AI AIR LIQUIDE SA
IPN IPSEN SA
BVI BUREAU VERITAS SA
DB1 DEUTSCHE BOERSE AG
BN DANONE SA
ADEN ADECCO GROUP AG
WKL WOLTERS KLUWER NV
EOAN E.ON SE
REE RED ELECTRICA CORP. SA
FRE FRESENIUS SE & CO. KGAA
HEI HEIDELBERGCEMENT AG
DTE DEUTSCHE TELEKOM AG
ASM ASM INTERNATIONAL N.V.
ITX INDUSTRIA DE DISENO TEXTIL S.A.
AENA AENA SME SA
CLNX CELLNEX TELECOM S.A.
ABI ANHEUSER-BUSCH INBEV SA/NV
JDEP JDE PEET'S NV
STLA STELLANTIS N.V.
- Konrad Zomer
AI AIR LIQUIDE SA
IPN IPSEN SA
BVI BUREAU VERITAS SA
DB1 DEUTSCHE BOERSE AG
BN DANONE SA
ADEN ADECCO GROUP AG
WKL WOLTERS KLUWER NV
EOAN E.ON SE
REE RED ELECTRICA CORP. SA
FRE FRESENIUS SE & CO. KGAA
HEI HEIDELBERGCEMENT AG
DTE DEUTSCHE TELEKOM AG
ASM ASM INTERNATIONAL N.V.
ITX INDUSTRIA DE DISENO TEXTIL S.A.
AENA AENA SME SA
ABI ANHEUSER-BUSCH INBEV SA/NV
JDEP JDE PEET'S NV
- Robert Jan Vos
- ING Helpdesk
Benelux Morning Notes
AB InBev: Cash is King. Adecco: 4Q24 result beats by 6%, stabilising trends in 4Q24, balance sheet relief. ASM International: 1H25 guidance slightly better but orders missed in 4Q24. Colruyt: Expects to open OKay stores on Sundays. Deceuninck: Soft FY24 results due to Turkey. DEME Group: Strong FCF. JDE Peet's: Mean green beans. Kinepolis: Peer AMC 4Q24 results. NEPI Rockcastle: Strong performance at all levels. Wolters Kluwer: FY24 results; in line, new CEO in 2026
- Guy Sips
- Kristof Samoy
- Michiel Declercq
- Thibault Leneeuw
- Thomas Couvreur
- Wim Hoste
- Wim Hoste
AB InBev FIRST LOOK: 4Q: weak volume, solid EBITDA - FY25: +4-8% EBITD...
Despite weaker than expected 4Q volumes (-1.9% y/y), ABI reported 10% organic EBITDA growth which was 3% above our forecast and 2% above CSS. FY25 guidance of 4-8% organic EBITDA growth is in line with mid term guidance. We still see ABI as the undisputed leader in the beer space, with leading market shares in many markets, ongoing digitization and premiumization trends allowing to generate healthy free cash flows. Valuation remains attractive with EV/EBITDA25e at 8.9x and FCF yield25e at 7.3% a...
AB InBev Reports Full Year and Fourth Quarter 2024 Results
BRUSSELS--(BUSINESS WIRE)-- Anheuser-Busch InBev (Brussel:ABI) (BMV:ANB) (JSE:ANH) (NYSE:BUD): This press release features multimedia. View the full release here: Figure 14. Terms and debt repayment schedule as of 31 December 2024 (billion USD) (Graphic: Business Wire) Regulated and inside information1 “Beer is a passion point for consumers and a vibrant category globally. The strength of our 2024 results is a testament to the consistent execution of our strategy and the hard work and dedication of our people. We delivered EBITDA growth at the top-end of our outlook and a step change in our...
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