reports
- Cedric Rossi
H&M: blurred margin trajectory due to brand's investments to fuel sale...
Although the reduced 10% margin target came as no surprise since the CSSe has always been more conservative (8.2%e prior to Q3 publication), it reflects H&M's initiatives around brand activation and improved competitiveness to revitalise top-line growth. Negative external factors and markdown i
- Cedric Rossi
H&M: encouraging start to Q4 after an uninspiring Q3
The Q3 results unveiled this morning missed CSSe at both the sales and EBIT levels (-3% and -26% respectively), confirming once again that H&M is clearly more sensitive than ITX to volatile market conditions. On a positive note, sales trends have shown a gradual recovery with +3% FX-n over July
- Anthony Dick
- Marc Lavaud
- Michael Foundoukidis
- Anthony Dick
- Marc Lavaud
- Michael Foundoukidis
- Andreas Riemann
Adidas : Field Trip feedback – On track for fast growth and 10% EBIT m...
>Impressed by Bjørn Gulden’s focus on products and his positive mindset - On Tuesday we organised a field trip to adidas headquarters. This visit included a meeting with CEO Bjørn Gulden, a product tour, and a visit of the innovation lab. Major takeaways from this event are: 1/ Brand momentum remains strong. 2/ Terrace footwear does not experience a slowdown and take down versions might offer an opportunity for growth going forward. 3/ adidas has successfully started...
- Martin Marandon-Carlhian
- Stephane Houri
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/12/2024
We have upgraded our target price from € 43.4 to € 45.3 which factors in the growth strategy out to 2027 (EBITDA +5% to 6% p.a.) whereas the share price implies decrease of 0.65% p.a. The strategic GreenUp plan is based on three booster businesses that should see a gradual acceleration and will involve asset rotation. An accretive re-profiling in terms of EPS, and with no repercussions for the leverage limit, could also show through with minority buyouts for the regulated water operat...
O2D TELEFONICA DEUTSCHLAND HOLDING AG
ETL EUTELSAT COMMUNICATIONS SA
SESGL SES SA FDR (CLASS A)
PROX PROXIMUS SA DE DROIT PUBLIC
KPN ROYAL KPN NV
ORA ORANGE SA
CBK COMMERZBANK AG
EN BOUYGUES SA
UTDI UNITED INTERNET AG
GAMA GAMMA COMMUNICATIONS
ZAL ZALANDO SE
DTE DEUTSCHE TELEKOM AG
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
TIT TELECOM ITALIA S.P.A.
CLNX CELLNEX TELECOM S.A.
FNTN FREENET AG
VOD VODAFONE GROUP PLC
OBEL ORANGE BELGIUM SA
TEF TELEFONICA SA
NFN NFON AG
DRI 1&1 DRILLISCH AG
- Martin Marandon-Carlhian
- Stephane Houri
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/09/2024
Nous relevons notre objectif de cours de 43.4 € à 45.3 € qui intègre la stratégie de croissance à 2027 (EBITDA +5% à 6%/an) alors que le cours de Bourse sous-tend une baisse de 0.65%/an. Le plan stratégique GreenUp repose sur trois métiers Boosters qui doivent connaitre une accélération graduelle et impliquer des rotations d’actifs. Un reprofilage relutif en termes de BPA, et sans conséquence sur la limite de levier, pourrait aussi intervenir par le biais de rachats de minoritaires de...
O2D TELEFONICA DEUTSCHLAND HOLDING AG
ETL EUTELSAT COMMUNICATIONS SA
SESGL SES SA FDR (CLASS A)
PROX PROXIMUS SA DE DROIT PUBLIC
KPN ROYAL KPN NV
ORA ORANGE SA
CBK COMMERZBANK AG
EN BOUYGUES SA
UTDI UNITED INTERNET AG
GAMA GAMMA COMMUNICATIONS
ZAL ZALANDO SE
DTE DEUTSCHE TELEKOM AG
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
TIT TELECOM ITALIA S.P.A.
CLNX CELLNEX TELECOM S.A.
FNTN FREENET AG
VOD VODAFONE GROUP PLC
OBEL ORANGE BELGIUM SA
TEF TELEFONICA SA
NFN NFON AG
DRI 1&1 DRILLISCH AG
- Andreas Riemann
Zalando : Road show feedback – focus on recovery of growth and B2B
>GMV growth to accelerate in H2 2024 - Yesterday, we were on a road show with Zalando in Dublin. From the presentation we take away: 1/ The B2B segment should outgrow B2C. 2/ The target in 2024 is to return to growth. In line with that Zalando expects a sequential improvement of GMV growth. 3/ AI is used to provide better and faster advice to consumers and lower return rates. However, it is still early days. Overall, statements are in line with previous ones made. Thu...
HelloFresh SE: 1 director
A director at HelloFresh SE bought 1,500,000 shares at 6.710EUR 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 directors over the last two years clea...
- Oliver Metzger
- Sinan Doganli
ODDO : First feedback – DAY 1
We host the 15th edition of the Corporate Conference in cooperation with Commerzbank on September 3rd & 4th 2024 in Frankfurt am Main. This year we are welcoming 90 German small, mid and large cap companies. - >Adidas (+) – On trackAixtron (=) – No short-term inflection, but high confidence in long-term prospectsAllgeier (+) – Is confident it can achieve 15% EBITDA margin by the end of 2025 ams OSRAM (=) – Some cautiousness on auto/industrial, still co...
FME FRESENIUS MEDICAL CARE AG
CEC CECONOMY AG
AMS AMS AG
ADS ADIDAS AG
CBK COMMERZBANK AG
EVT EVOTEC SE
GBF BILFINGER SE
BOSS HUGO BOSS AG
SDF K+S AG
TPE PVA TEPLA AG
ZAL ZALANDO SE
BAS BASF SE
AIXA AIXTRON SE
BC8 BECHTLE AG
SAX STROEER SE & CO. KGAA
LEG LEG IMMOBILIEN AG
WAF SILTRONIC AG
BNR BRENNTAG SE
SMHN SUESS MICROTEC AG
HBH HORNBACH HOLDING AG & CO. KGAA
FNTN FREENET AG
AEIN ALLGEIER HOLDING AG
IOS IONOS GROUP SE
- Cedric Rossi
Fashion: sweet or sour Back-to-School?
While publications of US retailers this week (e.g.: Gap, Abercrombie & Fitch, lululemon, etc) should give the market a clearer view of the US consumer mood, the European consumer mindset is set to be reflected in H&M and Inditex's publications next month. As expected, the summer has been no
- Roy Külter
- Steven Boumans
- Andreas Riemann
- Wim Gille
JUST EAT TAKEWAY.COM : Restructuring in Canada generating high teens c...
>Restructuring in Canada - Paul Burns, CEO of SkipTheDishes, yesterday shared news on LinkedIn of a restructuring and workforce reduction in Canada. Below is a summary with some more colour relevant to the investor community.Following a comprehensive business review, the company has made the difficult decision to reduce the size of its workforce in Canada to streamline operations and rightsize the business.Altogether, this will impact approximately 800 emplo...
- Clement Genelot
HelloFresh: welcome refocus on profitability still to offset persisten...
As Q2 showed another quarter of disappointing growth in the meal-kit business, we welcome the tougher stance taken by HelloFresh on profitability and the focus on FCF, prompting us to lift our FY 2024-26 EBITDA by 4% and our FCF by 12%. However, we remain on the sidelines as we are still concerned
- Fabian Semon
- Michael B. Schäfer
- Fabian Semon
- Michael B. Schäfer
- Clement Genelot
HelloFresh: meal-kit still down 10% in Q2; better focus on EBITDA
Q2 was a reflection of Q1 with a disappointing top-line performance (especially in the core meal-kit business, down 10% in Q2), whereas EBITDA outperformed and surprised positively thanks to stronger HQ streamlining efforts and lower discount incentives in meal-kit. FY 2024 guidance has been reiter
- Sinan Doganli
HelloFresh : Q2 results overall slightly above consensus
>Top line in line, adj. EBITDA above expectations - HelloFresh released Q2 results that were slightly above the consensus overall. Revenue came in at € 1,950.8m, an increase of +1.7% y-o-y and roughly in line with consensus expectations of € 1,965.4m. Adj. EBITDA came in at € 146.4m, a decrease of -23.7% y-o-y, but +19% above consensus expectations of € 123.0m. The margin amounted to 7.5% compared to consensus expectations of 6.3%. The key business driver was the re...
EQS-News: HelloFresh Gruppe erzielt AEBITDA-Marge von 7,5 % in Q2 2024
EQS-News: HelloFresh SE / Schlagwort(e): Halbjahresbericht HelloFresh Gruppe erzielt AEBITDA-Marge von 7,5 % in Q2 2024 13.08.2024 / 06:57 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. HelloFresh Gruppe erzielt AEBITDA-Marge von 7,5 % in Q2 2024 Ready-to-Eat-Geschäft und Wachstum des durchschnittlichen Bestellwertsleisten bedeutenden Beitrag Kontinuierlicher Anstieg des durchschnittlichen Bestellwerts auf Gruppenebene um währungsbereinigt 4,7 % im Vergleich zum Vorjahreszeitraum; starker Beitrag aus beiden Segmenten Gruppen...
EQS-News: HelloFresh Group achieved AEBITDA margin of 7.5% in Q2 2024
EQS-News: HelloFresh SE / Key word(s): Half Year Report HelloFresh Group achieved AEBITDA margin of 7.5% in Q2 2024 13.08.2024 / 06:57 CET/CEST The issuer is solely responsible for the content of this announcement. HelloFresh Group achieved AEBITDA margin of 7.5% in Q2 2024 Ready-to-Eat business and growth in average order value contribute meaningfully Continued y-o-y Group average order value expansion by 4.7% on a constant currency basis with both segments contributing strongly Group revenue of approx. €1.95 billion, a positive y-o-y constant currency growth of...
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.