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 PRESS RELEASE

Sartorius Stedim Biotech Capital Markets: Links to presentation and we...

Sartorius Stedim Biotech SA / Key word(s): Miscellaneous Sartorius Stedim Biotech Capital Markets: Links to presentation and webcast 17-May-2024 / 19:32 CET/CEST  Aubagne, France | May 17, 2024     Sartorius Stedim Biotech Capital Markets: Links to presentation and webcast   Sartorius Stedim Biotech held its Capital Markets Day (CMD) yesterday presenting its business strategy and goals. The company explained and confirmed its forecast for 2024 and the medium-term ambition up to 2028. In order to ensure broad access to the CMD presentation, which has been published on the c...

 PRESS RELEASE

Sartorius Stedim Biotech Capital Markets Day : Liens vers la présentat...

Sartorius Stedim Biotech SA / Mot-clé(s) : Autres Sartorius Stedim Biotech Capital Markets Day : Liens vers la présentation et le webcast 17-Mai-2024 / 19:32 CET/CEST  Aubagne, France | 17 mai 2024     Sartorius Stedim Biotech Capital Markets Day : Liens vers la présentation et le webcast   Sartorius Stedim Biotech a tenu sa journée des marchés des capitaux (« Capital Markets Day / CMD) hier pour présenter sa stratégie et ses objectifs. La société a expliqué et confirmé ses prévisions pour 2024 et son ambition à moyen terme jusqu'en 2028. Afin d'assurer un large accès à la ...

 PRESS RELEASE

Transaction in Own Shares

Transaction in Own Shares Transaction in Own Shares 17 May, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 17 May, 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paid Lowest price paid  Volume weighted average price paid per shareVenueCurrency17/05/2024710,000£28.3450£27.9950£28.0990LSEGBP17/05/2024150,000£28.3250£27.9900£28.1012BATS (BXE)GBP17/05/2024100,000£28.3300£27.9900£28.1009Chi-X (CXE)GBP17/05/202494...

ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm

The Capital Goods Data Miner - May 2024

Our key long ideas are: Alfa Laval, Hexagon, Metso, Sandvik, Volvo. We are cautious on: Autoliv, Nibe, Wärtsilä

Carole Braudeau
  • Carole Braudeau

Credit Morning 05/17/2024

Cellnex issues € 750m of 2029 notes to redeem bank debt. S&P cuts the rating of ams OSRAM to B/stable from BB-/negative. Clariane : launch of two capital increases totalling €328m, including one reserved for HLD Europe. >...

Carole Braudeau
  • Carole Braudeau

Morning Crédit 17/05/2024

Cellnex émet 750 m EUR d’obligations 01/2029 afin de rembourser de la dette bancaire. S&P dégrade le rating d’ams OSRAM de BB-/négative à B/stable. Clariane : lancement de deux augmentations de capital d’un montant total de 328 m EUR, dont une réservée à HLD Europe. >...

Julian Dobrovolschi
  • Julian Dobrovolschi

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/17/2024

As the world leader in logistics, DHL operates in 220 countries via 5 main activities (post and parcels in Germany, Express, freight forwarding, supply chain and e-commerce). Despite buoyant structural trends (global trade, e-commerce, outsourcing of logistics chains), we are initiating coverage with a Neutral rating and target price of € 43 in the absence of short-term visibility on the global macro environment and due to the risk of a consensus downgrade. - ...

Thijs Berkelder
  • Thijs Berkelder

Elia Group : TenneT exploring IPO of its Germany TSO

>TenneT looking for new equity funding - TenneT, TSO in Netherlands and Germany, and 100% owned by the Dutch government, yesterday issued a press release indicating:Equity requirement: "TenneT's recently announced 10-year investment plan in both countries for the period 2024-2033 adds up to EUR 160 billion, which is expected to be funded primarily through debt but also requires equity."No agreement yet on potential sale TenneT Germany to German government. "...

Delphine Brault ... (+2)
  • Delphine Brault
  • Quentin Borie

Atlas Copco : CMD feedback: you don’t change a winning team

>Long-term targets maintained with 8% sales growth over the cycle - At its CMD, Atlas Copco as expected reiterated its main long-term target of generating sales growth of 8% per year over a full cycle (~5% organic and ~3% via acquisitions). It has exceeded this target in the last few years with average annual growth of 10% between 2014 and 2023. We continue to expect average organic growth of 8% in the period 2023-2027, which, adding in the 3 percentage points of grow...

Delphine Brault ... (+2)
  • Delphine Brault
  • Quentin Borie

Atlas Copco : Feedback CMD : on ne change pas une équipe qui gagne

>Maintien des objectifs long terme avec 8% de croissance du CA en moyenne - Lors de son CMD, Atlas Copco a réitéré, sans surprise, son principal objectif de long terme de réaliser une croissance du CA de 8% par an sur un cycle complet (~5% en organique et ~3% via les acquisitions). Il a dépassé cet objectif lors des dernières années avec une croissance annuelle moyenne de 10% entre 2014 et 2023. Nous continuons d’anticiper une croissance organique moyenne de 8% sur la...

James Ratzer
  • James Ratzer

DT vs. BT: 160% total return over 10 years. Which one? DT (Buy, €32, +...

It’s been a busy day and we have now wrapped on the BT full-year results meeting and the DT earnings call and share our key takeaways from the day on the similarities and differences between the two.

ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm
 PRESS RELEASE

Transaction in Own Shares

Transaction in Own Shares Transaction in Own Shares 16 May, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 16 May, 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paid Lowest price paid  Volume weighted average price paid per shareVenueCurrency16/05/20241,135,704£28.4950£27.9950£28.2245LSEGBP16/05/2024733,121£28.5000£28.0000£28.2351BATS (BXE)GBP16/05/2024164,175£28.4800£27.9950£28.2013Chi-X (CXE)GBP16/05/2024...

Ahmed Ben Salem ... (+2)
  • Ahmed Ben Salem
  • Thomas Zlowodzki

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 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. - ...

Jerôme Bodin ... (+2)
  • 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. - ...

Ahmed Ben Salem ... (+2)
  • Ahmed Ben Salem
  • Thomas Zlowodzki

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 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. - ...

Jerôme Bodin ... (+2)
  • 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. - ...

Stephane Beyazian
  • Stephane Beyazian

Deutsche Telekom : Slow start for FCF in Q1 (+4%) but 2024 guidance co...

>EBITDAaL above (Europe), FCF below (WCR) - Q1 2024 revenues up 0.4% y-o-y at € 27.942bn (consensus € 27.993bn), with an increase of 2.9% for service revenues driven by TMUS (+2%) and Europe (+7%). Q1 EBITDAaL came in 5% higher at € 10.473bn (ahead of cons. of € 10.249bn) or +6% on a comparable basis. FCFaL up 3.6% at € 3.708bn (cons. € 3.879bn), with weaker growth driven by capex down by just 2% and a weaker WCR than expected. However, for 2024, the group confir...

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