reports
- Jerôme Bodin
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 05/16/2024
We have tactically downgraded the energy sector from Overweight to Neutral (excl. oil services on which we are maintaining our Overweight rating) and dropped Shell Plc from our Large Caps list. The IEA report has accelerated the downswing for the energy sector, which could continue in the days ahead. June will be a better month to come back to the sector. - ...
FP TOTAL SE
EQNR EQUINOR ASA
ELIOR ELIOR GROUP SA
GALP GALP ENERGIA SGPS SA CLASS B
ALFOC FOCUS HOME INTERACTIVE SA
GYC GRAND CITY PROPERTIES SA
GLJ GRENKE AG
DEC JCDECAUX SA
BLC BASTIDE LE CONFORT MEDICAL SA
JCQ JACQUET METALS SA
ENI ENI S.P.A.
REP REPSOL SA
VASTN VASTNED RETAIL NV
ERG ERG S.P.A.
CPINV CARE PROPERTY INVEST SA
DIC DIC ASSET AG
FNTN FREENET AG
DUFN DUFRY AG
BP. BP P.L.C.
MDM MAISONS DU MONDE SA
JST JOST WERKE AG
DMP DERMAPHARM HOLDING SE
VK VALLOUREC SA
SHEL SHELL PLC
FLE PEGASUS ENTREPRENEURIAL ACQUISITION CO EURO BV
- Jerôme Bodin
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 16/05/2024
Nous dégradons tactiquement à Neutre le secteur de l’énergie (hors Services Pétroliers sur lesquels nous conservons une opinion Surperformance) et faisons sortir Shell plc de notre liste Large Caps. Le rapport AIE a accéléré la baisse du secteur énergie, qui pourrait se poursuivre dans les jours qui viennent. Juin sera un meilleur mois pour revenir sur le secteur. - ...
FP TOTAL SE
EQNR EQUINOR ASA
ELIOR ELIOR GROUP SA
GALP GALP ENERGIA SGPS SA CLASS B
ALFOC FOCUS HOME INTERACTIVE SA
GYC GRAND CITY PROPERTIES SA
GLJ GRENKE AG
DEC JCDECAUX SA
BLC BASTIDE LE CONFORT MEDICAL SA
JCQ JACQUET METALS SA
ENI ENI S.P.A.
REP REPSOL SA
VASTN VASTNED RETAIL NV
ERG ERG S.P.A.
CPINV CARE PROPERTY INVEST SA
DIC DIC ASSET AG
FNTN FREENET AG
DUFN DUFRY AG
RUI RUBIS SCA
BP. BP P.L.C.
MDM MAISONS DU MONDE SA
JST JOST WERKE AG
DMP DERMAPHARM HOLDING SE
VK VALLOUREC SA
SHEL SHELL PLC
FLE PEGASUS ENTREPRENEURIAL ACQUISITION CO EURO BV
- Roland Pfaender
- MBA
- CFA
- CCRA
Grenke : Grenke targets growth acceleration after soft start to year
>Q1 24 results below expectations - Grenke reported group pre-tax profit of € 24.9m, up 22% y-o-y for Q1 2024, missing the € 27.8m consensus and our € 30.0m estimate. The negative deviation was triggered by lower NII than expected and higher-than-expected operating costs. The cost of risk was benign with a 1.1% loss rate in the quarter, slightly better than we expected. Grenke management reiterated the outlook for 2024 to generate a consolidated group net profit (pre ...
- Jerôme Bodin
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 05/15/2024 Date Performance sin...
With 71% of the companies in the Stoxx 600 having released their Q1 2024 results, the picture at this stage is encouraging, with 58% of positive surprises on results. Materials and financials were the sectors that delivered the most positive surprises. If the Q4 2023 earnings season put an end to a downward revision of EPS, the Q1 2024 earnings season has triggered the start of an upward EPS revision, more markedly in the US than in Europe. In terms of sectors, re-rating effects conti...
ETL EUTELSAT COMMUNICATIONS SA
PBB DEUTSCHE PFANDBRIEFBANK AG
TNG TRANSGENE SA
F3C SFC ENERGY AG
FGA FIGEAC AERO SA
PSM PROSIEBENSAT.1 MEDIA SE
TPE PVA TEPLA AG
TRI TRIGANO SA
MBB MBB INDUSTRIES SE
DEQ DEUTSCHE EUROSHOP AG
PAT PATRIZIA AG
WLN WORLDLINE SA
DKG DEUTSCHE KONSUM REIT-AG
NHH NH HOTEL GROUP SA
CGG CGG
BSGR B&S GROUP S.A.
MEDCL MEDINCELL SA
NEXI NEXI S.P.A.
INPST INPOST S.A.
NA9 NAGARRO
HGEA HGEARS AG
TUI TUI AG
SCHOTT PHARMA AG
R3NK RENK GROUP AG
ORP ORPEA
- Jerôme Bodin
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 15/05/2024 Date Performance dep...
Alors que 71% des sociétés du Stoxx 600 ont publié, le bilan est à ce stade positif avec 58% de surprises positives sur les résultats. Matériaux et Financières sont les secteurs ayant apporté le plus de surprises positives. Le consensus – qui avait stoppé sa baisse durant les publications T4-23, est désormais reparti à la hausse, plus nettement aux Etats-Unis qu’en Europe. Sectoriellement, les effets de rerating ont continué de dominer les révisions de BPA. - ...
ETL EUTELSAT COMMUNICATIONS SA
PBB DEUTSCHE PFANDBRIEFBANK AG
TNG TRANSGENE SA
F3C SFC ENERGY AG
FGA FIGEAC AERO SA
PSM PROSIEBENSAT.1 MEDIA SE
TPE PVA TEPLA AG
TRI TRIGANO SA
MBB MBB INDUSTRIES SE
DEQ DEUTSCHE EUROSHOP AG
PAT PATRIZIA AG
WLN WORLDLINE SA
DKG DEUTSCHE KONSUM REIT-AG
NHH NH HOTEL GROUP SA
CGG CGG
BSGR B&S GROUP S.A.
MEDCL MEDINCELL SA
NEXI NEXI S.P.A.
INPST INPOST S.A.
NA9 NAGARRO
HGEA HGEARS AG
TUI TUI AG
SCHOTT PHARMA AG
R3NK RENK GROUP AG
ORP ORPEA
- Thijs Berkelder
- Usama Tariq
SFC Energy AG : Outstanding growth registered in Q1
>SFC Energy reports a strong Q1 print - The company reported strong sales growth with Q1 sales at €40m, up 45.9% as compared to €27.4m in 2023 and above AA-OB estimate of €35.3m. This was largely due to Clean Energy Segment, which increased by 73.4% as compared to Clean Power Management which dropped 4.6% on a yoy basis. Region-wise, Asia, particularly India, registered the largest percentage increase in sales YoY. Gross margin came at 44.7%, significantly above 2023...
EQS-News: SFC Energy AG continues series of records in the first quart...
EQS-News: SFC Energy AG / Key word(s): Quarterly / Interim Statement SFC Energy AG continues series of records in the first quarter of 2024 – adjusted EBIT margin more than doubled 15.05.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. SFC Energy AG continues series of records in the first quarter of 2024 – adjusted EBIT margin more than doubled Group sales up 45.9% to EUR 40,048 thousand (Q1/2023: EUR 27,454 thousand) Significant increase of 168.8% in adjusted EBITDA to EUR 8,997 thousand (Q1/2023: EUR 3,347 thousand); adjust...
EQS-News: SFC Energy AG setzt Rekordserie mit dem ersten Quartal 2024 ...
EQS-News: SFC Energy AG / Schlagwort(e): Quartals-/Zwischenmitteilung SFC Energy AG setzt Rekordserie mit dem ersten Quartal 2024 fort – bereinigte EBIT-Marge mehr als verdoppelt 15.05.2024 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. SFC Energy AG setzt Rekordserie mit dem ersten Quartal 2024 fort – bereinigte EBIT-Marge mehr als verdoppelt Konzernumsatz erhöht um 45,9 % auf TEUR 40.048 (Q1/2023: TEUR 27.454) EBITDA bereinigt steigt signifikant um 168,8 % auf TEUR 8.997 (Q1/2023: TEUR 3.347); EBITDA-Marge bereinigt deutl...
EQS-News: GRENKE STARTET MIT GUTEM Q1 2024
EQS-News: GRENKE AG / Schlagwort(e): Quartalsergebnis/Quartals-/Zwischenmitteilung GRENKE STARTET MIT GUTEM Q1 2024 15.05.2024 / 07:05 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. GRENKE startet mit gutem Q1 2024 Konzernergebnis steigt um 25 % auf 19,8 Mio. Euro (Q1 2023: 15,9 Mio. Euro) Eigenkapitalquote mit 18,8 % trotz Aktienrückkaufs über selbstgestecktem Ziel von 16 % Prognose für 2024 bestätigt Baden-Baden, den 15. Mai 2024: Die GRENKE AG, globaler Finanzierungspartner für kleine und mittlere Unternehmen, konnte ihr Konze...
EQS-News: GRENKE STARTS YEAR WITH STRONG Q1 2024
EQS-News: GRENKE AG / Key word(s): Quarter Results/Quarterly / Interim Statement GRENKE STARTS YEAR WITH STRONG Q1 2024 15.05.2024 / 07:05 CET/CEST The issuer is solely responsible for the content of this announcement. GRENKE STARTS YEAR WITH STRONG Q1 2024 Group earnings increased 25% to EUR 19.8 million (Q1 2023: EUR 15.9 million) Equity ratio of 18.8 % above self-set target of 16% despite share buyback 2024 forecast reaffirmed Baden-Baden, May 15, 2024: GRENKE AG, a global financing partner for small and medium-sized enterprises, increased its Group earnings by 25...
AMS AMS AG
APAML APERAM SA
EVT EVOTEC SE
SBS STRATEC SE
ELG ELMOS SEMICONDUCTOR SE
TPE PVA TEPLA AG
BVB BORUSSIA DORTMUND GMBH & CO. KGAA
MBB MBB INDUSTRIES SE
PNL POSTNL NV
SOI SOITEC SA
ASM ASM INTERNATIONAL N.V.
MBWS MARIE BRIZARD WINE & SPIRITS SA
AIXA AIXTRON SE
ECV ENCAVIS AG
PFV PFEIFFER VACUUM TECHNOLOGY AG
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
WAF SILTRONIC AG
MELE MELEXIS NV
TWEKA TKH GROUP N.V. CERT
SMHN SUESS MICROTEC AG
VACN VAT GROUP AG
XFAB X-FAB SILICON FOUNDRIES SE
ASML ASML HOLDING NV
STM STMICROELECTRONICS NV
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
ALKAL KALRAY SA
JEN JENOPTIK AG
AF AIR FRANCE - KLM
ARM ARM HOLDINGS PLC
- Emna Ben Bdira
- Maxime Kogge
Aperam : Q1 post-view: still subdued European backdrop, target price c...
>Unencouraging outlook for Q2 - Aperam’s Q1 release was not welcomed by the market despite EBITDA coming slightly above consensus at € 55m. The market sanctioned the mixed outlook with Q2 EBITDA expected to be up vs Q1 but stand below current expectations (€ 93m according to Visible Alpha). This cautious message is due to difficulties in ramping up the recently revamped hot rolling mill in Brazil and a strike at Gueugnon in France as well as to still weak demand. At t...
AMS AMS AG
APAML APERAM SA
EVT EVOTEC SE
SBS STRATEC SE
ELG ELMOS SEMICONDUCTOR SE
TPE PVA TEPLA AG
BVB BORUSSIA DORTMUND GMBH & CO. KGAA
MBB MBB INDUSTRIES SE
PNL POSTNL NV
SOI SOITEC SA
ASM ASM INTERNATIONAL N.V.
MBWS MARIE BRIZARD WINE & SPIRITS SA
AIXA AIXTRON SE
ECV ENCAVIS AG
PFV PFEIFFER VACUUM TECHNOLOGY AG
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
WAF SILTRONIC AG
MELE MELEXIS NV
TWEKA TKH GROUP N.V. CERT
SMHN SUESS MICROTEC AG
VACN VAT GROUP AG
XFAB X-FAB SILICON FOUNDRIES SE
ASML ASML HOLDING NV
STM STMICROELECTRONICS NV
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
ALKAL KALRAY SA
JEN JENOPTIK AG
AF AIR FRANCE - KLM
ARM ARM HOLDINGS PLC
- Emna Ben Bdira
- Maxime Kogge
Aperam : Postview T1 : contexte sectoriel européen toujours peu propic...
>Perspectives peu encourageantes sur le T2 - La publication T1 d’Aperam a été mal accueillie par le marché malgré un EBITDA de 55 M€ légèrement au-dessus du consensus. Le marché a sanctionné les perspectives mitigées avec un EBITDA T2 attendu en hausse vs T1 mais à un niveau inférieur au consensus actuel (93 M€ selon Visible Alpha). Ce discours prudent s’explique par les difficultés de mise en service du nouveau laminoir à chaud au Brésil et par une grève sur le site ...
- Jerôme Bodin
ODDO BHF Small & MIDCAP MORNING NEWS - 03/05/2024
Founded in 1959, Leifheit AG is one of the leading European brand suppliers of household items. The group divides its operating business into the household, wellbeing and private label segments. In view of its growing turnover (CAGR of +2.8% for 2023 to 2026e) and EBIT margins (+290bp to 5.2% in 2026e vs 2023), as well as its solid financial profile (equity ratio of about 50%, average net cash position of c. € 40m for 2024e to 2026e, average positive FCF of c. € 11m for 2024e to 2026e...
- Jerôme Bodin
ODDO BHF Small & MIDCAP MORNING NEWS - 05/03/2024
Founded in 1959, Leifheit AG is one of the leading European brand suppliers of household items. The group divides its operating business into the household, wellbeing and private label segments. In view of its growing turnover (CAGR of +2.8% for 2023 to 2026e) and EBIT margins (+290bp to 5.2% in 2026e vs 2023), as well as its solid financial profile (equity ratio of about 50%, average net cash position of c. € 40m for 2024e to 2026e, average positive FCF of c. € 11m for 2024e to 2026e...
- Emna Ben Bdira
- Maxime Kogge
Aperam : Decent Q1 set of results, Q2 outlook on higher demand but mar...
>Soft results as expected with stainless weakness offset by recycling and alloys - Aperam delivered decent Q1 results with adjusted EBITDA at € 55m, stable on Q4 in line with the group guidance and above the consensus at € 52m and our own expectations of € 48m. Positively, the core Stainless & Electrical division returned to profits (€ 14m EBITDA), although that was mostly driven by lower inventory valuation losses. Volumes were otherwise decent notably in Europe (per...
- ING Helpdesk
Benelux Morning Notes
Aperam: In-line 1Q24 EBITDA, FCF marked by WC build, 2Q24 guidance below consensus. Ayvens: Taking the brakes off. BAM: Not the best start to the year. bpost: 1Q24 in line with consensus but beat vs INGF, no outlook yet. Brunel International: good set of 1Q24 results – 5% beat on EBIT, comforting trends. B&S Group: Preview - should be a non-event. DEME Group: Preview - should be a non-event. D'Ieteren: Febiac April registrations flat YoY, VW brands up 8.4%. GBL: NAV per share in ...
- Emna Ben Bdira
- Maxime Kogge
Aperam : Decent Q1 set of results, Q2 outlook on higher demand but mar...
>Soft results as expected with stainless weakness offset by recycling and alloys - Aperam delivered decent Q1 results with adjusted EBITDA at € 55m, stable on Q4 in line with the group guidance and above the consensus at € 52m and our own expectations of € 48m. Positively, the core Stainless & Electrical division returned to profits (€ 14m EBITDA), although that was mostly driven by lower inventory valuation losses. Volumes were otherwise decent notably in Europe (per...
Aperam - Résultats du premier trimestre 2024 : “Les activités non trad...
Aperam S.A. / Mot-clé(s) : Résultat trimestriel Aperam - Résultats du premier trimestre 2024 : “Les activités non traditionnelles font preuve de résilience face à la récession industrielle” 03-Mai-2024 / 06:59 CET/CEST Résultats du premier trimestre 20241 "Les activités non traditionnelles font preuve de résilience face à la récession industrielle" Luxembourg, le 3 mai 2024 (07:00 CET) - Aperam (« Aperam », ou la « Société») (Amsterdam, Luxembourg, Paris, Bruxelles: APAM et NYRS: APEMY), a annoncé aujourd’hui ses résultats pour le trimestre se terminant le 31 mars 2024. ...
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