reports
- Emmanuel Matot
- Marc Lavaud
- Michael Foundoukidis
- Emmanuel Matot
- Marc Lavaud
- Michael Foundoukidis
- Baptiste Lebacq
Schoeller Bleckmann : AMS weighs on the composition of results
>Outperform, target price € 54 - Following the earnings release and the conference call, we have very marginally adjusted our 2024-2026e EBITDA forecast. International momentum via AMS business is showing signs of an inflection (destocking, pressure on prices, etc.). The decline in the EPS estimates at the group level is due solely to adjustments for this division.The aim to ramp up on new businesses should be clarified in early 2025 and could materialise through...
- Baptiste Lebacq
Schoeller Bleckmann : AMS pèse sur la formation des résultats
>Opinion Surperformance et OC abaissé à 54 € - Post publication et conférence call, nous avons très marginalement ajusté notre séquence d’EBITDA 2024/2026e. La dynamique à l’International montre des signes d’inflexion (déstockage, pression sur les prix…). La baisse des BPA au niveau du groupe provient uniquement d’ajustements au niveau de cette division.La volonté d’accélération sur de nouveaux métiers devrait être clarifiée début 2025 et pourrait passer par des ...
EQS-News: SBO with solid results and higher cash flow in a challenging...
EQS-News: Schoeller-Bleckmann Oilfield Equipment AG / Key word(s): 9 Month figures/Quarter Results SBO with solid results and higher cash flow in a challenging market environment 21.11.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. SBO with solid results and higher cash flow in a challenging market environment 1-9/2024: Sales of MEUR 425.6 sustained by 8.7% growth in the OE division, EBIT at MEUR 51.8, free cash flow improved to MEUR 42.5 Q3 2024: OE division with significant sales and EBIT improvement, AMS division sales a...
EQS-News: SBO mit soliden Ergebnissen und höherem Cashflow in herausfo...
EQS-News: Schoeller-Bleckmann Oilfield Equipment AG / Schlagwort(e): 9-Monatszahlen/Quartalsergebnis SBO mit soliden Ergebnissen und höherem Cashflow in herausforderndem Marktumfeld 21.11.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. SBO mit soliden Ergebnissen und höherem Cashflow in herausforderndem Marktumfeld 1-9/2024: Umsatz von MEUR 425,6 durch 8,7% Wachstum in der OE-Division unterstützt, EBIT bei MEUR 51,8, Freier Cashflow auf MEUR 42,5 verbessert Q3 2024: OE-Division mit deutlicher Umsatz- und EBIT-Verbesse...
- Gabor Bukta
Revenue trends uphold strong profitability
We have revised our financial model to incorporate the most recent management updates, which may likely lead to further consensus upgrades. We roll over and raise our 2025-YE ex-div target price to EUR 61.1 from EUR 55.3, implying a 26% TR upside potential including a DPS of EUR 3 over the TP period.
- Mihaly Gajda
Oil & gas macroeconomic environment shifts from tailwind to headwind f...
We have updated our financial model to reflect recent macroeconomic developments, setting a 2025 year-end ex-dividend target price of 42.6 EUR, representing a 23.1% upside including the anticipated EUR 4.00 dividend following the 2024 fiscal year. Consequently, we maintain our Buy recommendation for OMV.
- Julian Dobrovolschi
ENX EURONEXT NV
VIE VEOLIA ENVIRONNEMENT SA
ENGI ENGIE SA.
EDP EDP-ENERGIAS DE PORTUGAL SA
IAG INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA
HOT HOCHTIEF AG
GRF GRIFOLS S.A. CLASS A
HEI HEIDELBERGCEMENT AG
VER VERBUND AG CLASS A
HEN3 HENKEL AG & CO. KGAA PREF
CRG CRH PLC
NEM NEMETSCHEK SE
AMS AMADEUS IT GROUP SA CLASS A
UCG UNICREDIT S.P.A.
LEG LEG IMMOBILIEN AG
INX IMCD N.V.
AUTO AUTO TRADER GROUP PLC
GRF.P GRIFOLS S.A. PREF CLASS B
LDO LEONARDO SPA
AD KONINKLIJKE AHOLD DELHAIZE N.V.
PIRC PIRELLI & C. S.P.A.
RMV RIGHTMOVE PLC
NEXI NEXI S.P.A.
INPST INPOST S.A.
DTG DAIMLER TRUCK
TEN TENARIS S.A.
- Julian Dobrovolschi
ENX EURONEXT NV
VIE VEOLIA ENVIRONNEMENT SA
ENGI ENGIE SA.
EDP EDP-ENERGIAS DE PORTUGAL SA
IAG INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA
HOT HOCHTIEF AG
GRF GRIFOLS S.A. CLASS A
HEI HEIDELBERGCEMENT AG
VER VERBUND AG CLASS A
HEN3 HENKEL AG & CO. KGAA PREF
CRG CRH PLC
NEM NEMETSCHEK SE
AMS AMADEUS IT GROUP SA CLASS A
UCG UNICREDIT S.P.A.
LEG LEG IMMOBILIEN AG
INX IMCD N.V.
AUTO AUTO TRADER GROUP PLC
GRF.P GRIFOLS S.A. PREF CLASS B
LDO LEONARDO SPA
AD KONINKLIJKE AHOLD DELHAIZE N.V.
PIRC PIRELLI & C. S.P.A.
RMV RIGHTMOVE PLC
NEXI NEXI S.P.A.
INPST INPOST S.A.
DTG DAIMLER TRUCK
TEN TENARIS S.A.
- Louis Boujard
- CFA
- Philippe Ourpatian
Verbund : Good performance short term but environment more uncertain l...
>Results broadly in line with our expectations - Verbund’s 9M 2024 results, reported yesterday evening, were in line with our expectations. Given a sharp drop in contractual prices to € 117/MWh (vs around € 170/MWh last year), nine-month EBITDA dropped to € 2.625bn (-26%) vs € 2.637bn forecast. EBIT came in at € 2.003bn (-36%), including asset impairments. On an adjusted basis (excl. impairments), EBIT came to € 2.198bn (-30.1%), in line with our forecasts, at € 2.23...
- Louis Boujard
- CFA
- Philippe Ourpatian
Verbund : Bonne performance à CT mais environnement plus incertain à L...
>Un résultat globalement en ligne avec nos attentes - Verbund a publié hier ses résultats pour les 9M de l'année 2024, qui sont conformes à nos prévisions. Compte tenu d'une forte baisse des prix contractuels à 117 €/MWh (contre environ 170 €/MWh l'année dernière), l'EBITDA des 9 premiers mois est tombé à 2 625 M€ (-26%) contre 2 637 M€ prévus. L'EBIT s'élève à 2 003 M€ (-36%), y compris les dépréciations d'actifs. Sur une base ajustée (hors dépréciation), l'EBIT s'él...
- Benoit Valleaux
- Emira Sagaama
- Steven Gould
SOON SONOVA HOLDING AG
LRC LEGRAND
BMW BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT
VIE VEOLIA ENVIRONNEMENT SA
ENGI ENGIE SA.
MT ARCELORMITTAL SA
CA CARREFOUR SA
CBK COMMERZBANK AG
SW SODEXO SA
RHM RHEINMETALL AG
KBC KBC GROUP N.V.
TEP TELEPERFORMANCE SE
HEI HEIDELBERGCEMENT AG
VER VERBUND AG CLASS A
ENEL ENEL SPA
ASM ASM INTERNATIONAL N.V.
NEM NEMETSCHEK SE
RAA RATIONAL AG
EDW EDP RENOVAVEIS SA
AMS AMADEUS IT GROUP SA CLASS A
AUTO AUTO TRADER GROUP PLC
DHER DELIVERY HERO SE
ADYEN ADYEN NV
DTG DAIMLER TRUCK
ARM ARM HOLDINGS PLC
TEN TENARIS S.A.
QGEN QIAGEN N.V.
ALIV SDB AUTOLIV INC.
- Benoit Valleaux
- Emira Sagaama
- Steven Gould
SOON SONOVA HOLDING AG
LRC LEGRAND
BMW BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT
VIE VEOLIA ENVIRONNEMENT SA
ENGI ENGIE SA.
MT ARCELORMITTAL SA
CA CARREFOUR SA
CBK COMMERZBANK AG
SW SODEXO SA
RHM RHEINMETALL AG
KBC KBC GROUP N.V.
TEP TELEPERFORMANCE SE
HEI HEIDELBERGCEMENT AG
VER VERBUND AG CLASS A
ENEL ENEL SPA
ASM ASM INTERNATIONAL N.V.
NEM NEMETSCHEK SE
RAA RATIONAL AG
EDW EDP RENOVAVEIS SA
AMS AMADEUS IT GROUP SA CLASS A
AUTO AUTO TRADER GROUP PLC
DHER DELIVERY HERO SE
ADYEN ADYEN NV
DTG DAIMLER TRUCK
ARM ARM HOLDINGS PLC
TEN TENARIS S.A.
QGEN QIAGEN N.V.
ALIV SDB AUTOLIV INC.
- Louis Boujard
- CFA
- Philippe Ourpatian
Verbund : Results in line. Slightly upgraded guidance, as expected
>Results in line confirming good performance to be expected in 2024 - Verbund this morning released its 9M24 results which were in line with our forecast. Given a sharp drop in contracted prices to € 117/MWh (vs c. € 170/MWh last year) 9M EBITDA deceased to € 2,625m (-26%) vs € 2,637m expected. EBIT came in at € 2,003m (-36%) including impairments. On an adjusted basis (excluding impairment) EBIT came in at € 2,198m (-30.1%) in line with our forecast at € 2231m. Adju...
- Louis Boujard
- CFA
- Philippe Ourpatian
Verbund : Results in line. Slightly upgraded guidance, as expected
>Results in line confirming good performance to be expected in 2024 - Verbund this morning released its 9M24 results which were in line with our forecast. Given a sharp drop in contracted prices to € 117/MWh (vs c. € 170/MWh last year) 9M EBITDA deceased to € 2,625m (-26%) vs € 2,637m expected. EBIT came in at € 2,003m (-36%) including impairments. On an adjusted basis (excluding impairment) EBIT came in at € 2,198m (-30.1%) in line with our forecast at € 2231m. Adju...
EQS-News: VERBUND AG: Ergebnis Quartale 1–3/2024: Rückläufige Ergebnis...
EQS-News: VERBUND AG / Schlagwort(e): Quartalsergebnis/9-Monatszahlen VERBUND AG: Ergebnis Quartale 1–3/2024: Rückläufige Ergebnisentwicklung trotz guter Wasserführung und gestiegener Erzeugung aus Wind & PV 07.11.2024 / 07:59 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Das vergangene Quartal 3/2024 war von außergewöhnlichen Wetterbedingungen geprägt, die die klimatischen Veränderungen erneut eindrücklich unter Beweis stellen. In Teilen Österreichs ereigneten sich im September lokale Hochwasserereignisse. Gleichzeitig durchlebten ...
EQS-News: VERBUND AG: Results for quarters 1–3/2024: Decline in earnin...
EQS-News: VERBUND AG / Key word(s): Quarter Results/9 Month figures VERBUND AG: Results for quarters 1–3/2024: Decline in earnings despite good water supply and higher wind and PV output 07.11.2024 / 07:59 CET/CEST The issuer is solely responsible for the content of this announcement. The unmistakeable impact of climate change could be felt yet again in quarter 3/2024, which was marked by extreme weather conditions. Parts of Austria saw localised flooding in September. At the same time, we experienced a hot, dry summer intensified by the exceptionally warm Adriatic Sea, p...
- Research Team
The Rear-View Mirror – EME markets: only the Czech Republic in the bla...
EME Equity Market – October 2024 A red October for the EME indices, only Czechia in positive territory. The MSCI EM Europe Index declined by 6.0% in EUR terms and 8.4% in USD terms in October. The Czech PX index was the only one spared, adding 1.3% mom in EUR terms. Türkiye was battered the most, with the Turkish ISE30 declining by 7.3% mom in EUR terms, followed closely by the Polish WIG20 (-6.7% mom in EUR terms). Greece fell 4.8% mom in EUR terms, while the Hungarian BUX index lost 2.7% mom i...
JMT JERONIMO MARTINS SGPS S.A.
OPAP GREEK ORGANISATION OF FOOTBALL PROGNOSTICS SA
KRU KRUK S.A.
EBS ERSTE GROUP BANK AG
CEZ CEZ AS
ACP ASSECO POLAND SA
HTO HELLENIC TELECOMMUNICATIONS ORGANIZATION SA
CDR CD PROJEKT S.A.
RBI RAIFFEISEN BANK INTERNATIONAL AG
OMV OMV AG
PKO PKO BANK POLSKI S.A.
KOMB KOMERCNI BANKA A.S.
ALK ALKALOID AD SKOPJE
BIMAS BIM BIRLESIK MAGAZALAR A.S.
WIZZ WIZZ AIR HOLDINGS PLC
SPL SANTANDER BANK POLSKA SA
MIL BANK MILLENNIUM SA
BSK ING BANK SLASKI S.A.
BDX BUDIMEX S.A.
GEKTERNA GEK TERNA
KTY GRUPA KETY SA
TPS ORANGE POLSKA S.A.
CAI CA IMMOBILIEN ANLAGEN AG
MYTIL MYTILINEOS S.A.
SAR GR. SARANTIS S.A.
LPP LPP S.A.
AKCNS AKCANSA CIMENTO
ASELS ASELSAN ELEKTRONIK SANAYI VE TICARET A.S. CLASS B
CIMSA CIMENTO SANYAI VE TICARET A.S.
CCC CCC SA
2310 SAHARA INTERNATIONAL PETROCHEMICAL COMPANY
DOM DOM DEVELOPMENT SA
AEGN AEGEAN AIRLINES SA
MGROS MIGROS TICARET A.S
ARCLK ARCELIK A.S.
OTKAR OTOKAR OTOMOTIV VE SAVUNMA SANAYI A.S.
EUR EUROCASH S.A.
GSPARK GRAPHISOFT PARK SE
ALR ALIOR BANK SA
OTOEL AUTOHELLAS S.A.
WPL WIRTUALNA POLSKA HOLDING SA
SAB1L SIAULIU BANKAS
BRD BRD-GROUPE SOCIETE GENERALE
MONET MONETA MONEY BANK AS
SNP PETROM S.A.
TOFAS TOFAS TURK OTOMOBIL FABRIKASI A.S.
DNP DINO POLSKA S.A.
RICHT RICHTER
R22 R22
MCOV B MEDICOVER AB
ADNOCDIST ADNOC DISTRIBUTION PJSC
CGEO GEORGIA CAPITAL
SOKM SOK MARKETLER TICARET AS
KAP NATIONAL ATOMIC COMPANY KAZATOMPROM
ALG ALLEGRO.EU SA
KSPI KASPI KZ
INPST INPOST S.A.
WPS W.A.G PAYMENT SOLUTIONS PLC
ADNOCDRILL ADNOC DRILLING CO
7202 ARABIAN INTERNET & COMMUNICATIONS SERVICES CO
ELPE HELLENIQ ENERGY
4071 ARABIAN CONTRACTING SERVICES CO
AIRA AIR ASTANA JSC
GEV GEVORKYAN A.S.
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.