Groupe SEB : 2025 targets revised downwards due to difficulties in Nor...

Groupe SEB : Des objectifs 2025 revus en baisse en raison des difficul...

Auch H1/FY 25 besser als erwartet – aber Guidance FY 25 bleibt vorsich...

Der seit Anfang Juli amtierende Vorstandsvorsitzende Michael Grosse übernimmt die vorsichtig gestaltete 1. quantitative 25er Guidance, und das, obgleich das Q2, wie Q1/25, über unseren und den Markt-Erwartungen lag. Q2/25-Konzernumsatz stieg (in CC) mit 5,7 % YoY auf € 884,3 Mio. Das Q2/25-adj.EPS wuchs auf € 1,22 (+6,5 % YoY); das adj. EBITDA (wg. Volumen+ Mix) auf € 264,3 Mio. (+11,5 %; Marge 29,9 %; Vj.: 27,5 %). Der Ausblick werde „zum jetzigen Zeitpunkt“ nicht verändert.

H1/FY 25 also better than expected - but FY 25 guidance remains cautio...

CEO Michael Grosse, who has been in office since the beginning of July, has adopted the cautious Q1/25 guidance, even though Q2, like Q1/25, was above our and the market's expectations. Q2/25 consolidated sales increased (in CC) by 5.7% YoY to € 884.3m. Q2/25 adj. EPS grew to € 1.22 (+6.5% YoY); adj. EBITDA (due to volume + mix) to € 264.3m (+11.5%; margin 29.9%; PY: 27.5%). The outlook will not be changed ‘at the present time’.

Credit Morning 07/22/2025

CCK raises its targets after a strong Q2 2025|

Morning Crédit 22/07/2025

CCK relève ses objectifs après un bon T2 2025|

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 07/22/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 22/07/2025

Benelux Morning Notes

Akzo Nobel: FX drives 2Q25 miss and FY guidance cut. dsm-firmenich: Givaudan 1H25 results. Exor: In talks over Iveco sale. Lotus Bakeries: Peer Lindt & Sprüngli 1H25 results. Proximus: CpaaS peer Sinch 2Q25 results hurt by FX. Signify: 2Q25 Preview, challenges ahead. Var Energi: Promising continuation of dividend. Vopak: Continued story. Wereldhave: Strong operational results, positive market tone, guidance raised. Events Calendar

Sartorius Stedim Biotech : Q2 review – Bioprocessing positive, equipme...

SARTORIUS AG : Q2 review – Consumable recovery on track, equipment mut...

ING Benelux Favourites/Weekly performance and valuation update

We update the performance of our ING Benelux Favourites list as well as all valuation and ranking tables for our coverage universe. Performance on the front page is dated from the 27 January 2025, while historical performance is included on the second page. The methodology for our favourites selection is based on a bottom-up approach with a focus on absolute performance with clear near-term triggers. It is a rolling list, ie, stocks can enter/exit whenever we think opportune. The ING Benelux Fav...

H2/25 revenue impulse only at the end - 25 guidance to be adjusted- in...

Overall, the planned revenue and the operating result of the 4th guidance FY 25 are still about 15% behind the average analyst estimate. On July 10, 25, the revenue corridor was made broader and more conservative (organic revenue growth: 0-2% YoY; previously: organic revenue growth: 1-2% YoY). This resulted even in a slight decline in the 25 plan-adjusted EPS.

H2/25 Umsatzimpuls erst zum Schluss – 25er Guidance wird – Topline - z...

In Summe steht der Plan-Umsatz und das operative Ergebnis der 4. Guidance FY 25 noch ca. 15 % hinter der mittleren Analystenschätzung zurück. Am 10.07.25 wurde der Umsatzkorridor breiter und konservativer gestaltet (org. Umsatzplus:0-2 % YoY; zuvor: org. Umsatzplus:1-2 % YoY). Mit der Folge eines leichten Rückgangs beim 25er Plan-adj. EPS.

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 07/11/2025

Benelux Morning Notes

Kinepolis: Cineplex June 2025 box office rev at 91% of 2019, outperforming N America. TomTom: Preview 2Q25 - restructuring impact. Vopak: JV with IHI to start up ammonia by 2030

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 11/07/2025

Vopak : Strategic infrastructure not yet valued at its merits

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 07/10/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 10/07/2025