reports
Avolta secures 15-year contracts at John Wayne Airport, expanding pres...
Avolta AG / Key word(s): Miscellaneous Avolta secures 15-year contracts at John Wayne Airport, expanding presence across Travel Retail, Convenience and F&B in California, USA, to 2039 20.05.2024 / 18:00 CET/CEST Avolta AG (SIX: AVOL), leading global travel experience player, announces it will grow its presence at John Wayne Airport to offer travelers more food and beverage options, as well as multiple travel convenience and specialty retail stores throughout the concourse. Under newly awarded 15-year contracts to develop nearly 3,500 m2 of concessions space across Terminals ...
Novo Nordisk A/S - share repurchase programme
Novo Nordisk A/S - share repurchase programme Bagsværd, Denmark, 17 May 2024 – On 6 May 2024, Novo Nordisk initiated a share repurchase programme in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the "Safe Harbour Rules"). This programme is part of the overall share repurchase programme of up to DKK 20 billion to be executed during a 12-month period beginning 6 February 2024. Under the programme initiated 6 May 2024, Novo Nordisk will repurchase B share...
- Michael B. Schäfer
ODDO BHF Small & MIDCAP MORNING NEWS - 05/17/2024
Growth momentum remains solid, and the publication of Q1 sales bodes well for the future (12.5% organic growth, including 27% for Aerospace). Margins are set to pick up in 2024 (by an estimated 110bp), with the underlying operating profit expected to jump 33%. With good visibility for Aerospace, medium-term potential for Automotive and profitable growth for Medical, we estimate the potential for margin improvement at no less than 500bp in the medium term. We are raising our underlying...
DBG DERICHEBOURG SA
ALCAR CARMAT SA
TPE PVA TEPLA AG
NEX NEXANS SA
ERG ERG S.P.A.
WIE WIENERBERGER AG
GREEN GREENYARD NV
FCC FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A.
NVG NAVIGATOR COMPANY SA
COL INMOBILIARIA COLONIAL SOCIMI SA
SIFG SIF HOLDING NV
TMV TEAMVIEWER AG
VK VALLOUREC SA
FPE3 FUCHS PETROLUB SE
- Michael B. Schäfer
ODDO BHF Small & MIDCAP MORNING NEWS - 17/05/2024
La dynamique de croissance reste solide et la publication du CA T1 est de bon augure (croissance organique de 12.5% dont 27% pour l’Aerospace). 2024 devrait voir un redressement des marges (+110 pb estimés) pour un ROC attendu en hausse de 33%. A l’appui d’une bonne visibilité pour l’aéronautique, d’un potentiel MT pour l’automobile et d’une croissance profitable pour le Médical, nous estimons le potentiel d’amélioration des marges à au moins 500 pb à MT. Nous relevons nos estimations...
DBG DERICHEBOURG SA
ALCAR CARMAT SA
TPE PVA TEPLA AG
NEX NEXANS SA
ERG ERG S.P.A.
WIE WIENERBERGER AG
GREEN GREENYARD NV
FCC FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A.
NVG NAVIGATOR COMPANY SA
COL INMOBILIARIA COLONIAL SOCIMI SA
SIFG SIF HOLDING NV
TMV TEAMVIEWER AG
VK VALLOUREC SA
FPE3 FUCHS PETROLUB SE
- Baptiste Lebacq
Vallourec : Faster deleveraging = shareholder returns getting nearer
>Outperform rating and € 21 target price maintained - Following the results publication and the conference call, we reiterate our Outperform recommendation on the stock (target price € 21). We lowered our 2024-2026 EBITDA estimates (by -3% on average, bigger impact in 2024 given the situation in North America). Despite a YTD gain of 18%, Vallourec still shows a discount of 40% (in terms of EV/EBITDA 2025) vs its main peer Tenaris. Vallourec is deleveraging more r...
- Baptiste Lebacq
Vallourec : Désendettement plus rapide = retour à l’actionnaire qui se...
>Opinion Surperformance et OC 21 € maintenus - Post publication et conférence téléphonique, nous réitérons notre recommandation Surperformance (OC 21 €). Nous avons ajusté nos attentes d’EBITDA 2024/26 à la baisse (-3% en moyenne, impact plus important sur 2024 compte tenu de la situation en Amérique du Nord). Vallourec, malgré une performance YTD de 18%, affiche toujours une décote de 40% (en VE/EBITDA 2025) vs son principal comparable Tenaris. Vallourec se dése...
- Louis Boujard
- CFA
- Philippe Ourpatian
ERG : 2026 trajectory slightly reworked and initial estimates for 2028
>Outperform rating maintained and target price adjusted to € 33.3 (vs € 34.5) - Based on the meeting to present ERG’s Q1 24 performances and the 2024-2026 strategic update, we maintain our Outperform rating based on the group’s specific profile which offers a more measured development than its rivals, a degree of resilience and a return of between 3.5% and 4%, which is unusual in the renewable independent power producer universe. Following the press release issued on ...
- Louis Boujard
- CFA
- Philippe Ourpatian
ERG : Une trajectoire 2026 légèrement remaniée et les prémices de 2028
>Opinion Surperformance maintenue et OC ajusté à 33.3 € (vs 34.5 €) - A l’issue la réunion de présentation des performances au T1 24 et de la mise à jour stratégique 2024-2026, nous maintenons notre opinion Surperformance fondée sur le profil particulier du groupe qui offre un développement plus mesuré que ces concurrents, une certaine résilience et un rendement compris entre 3.5% et 4%, particularité rare dans l’univers des producteurs indépendants d’électricité reno...
EQS-News: ElringKlinger-Hauptversammlung beschließt konstante Dividend...
EQS-News: ElringKlinger AG / Schlagwort(e): Hauptversammlung/Dividende ElringKlinger-Hauptversammlung beschließt konstante Dividende 16.05.2024 / 16:10 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. ElringKlinger-Hauptversammlung beschließt konstante Dividende Konstante Dividendenzahlung von 0,15 EUR je Aktie beschlossen Weitere Beschlussvorschläge jeweils mit großer Mehrheit angenommen Helmut P. Merch ist neuer Aufsichtsratsvorsitzender der ElringKlinger AG Ludger Heuberg neu in den Aufsichtsrat gewählt CEO Thomas Jessulat: „E...
EQS-News: ElringKlinger Annual General Meeting approves unchanged divi...
EQS-News: ElringKlinger AG / Key word(s): AGM/EGM/Dividend ElringKlinger Annual General Meeting approves unchanged dividend 16.05.2024 / 16:10 CET/CEST The issuer is solely responsible for the content of this announcement. ElringKlinger Annual General Meeting approves unchanged dividend Approval of unchanged dividend payment of EUR 0.15 per share Other proposed resolutions adopted by large majorities Helmut P. Merch becomes new Chairman of the Supervisory Board of ElringKlinger AG Ludger Heuberg newly elected to the Supervisory Board CEO Thomas Jessulat: "Against th...
- 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
- Emmanuel Matot
Rubis : Hostilities under way
>Molis and Sämann request seats on the supervisory board - Rubis’ management announced it had yesterday received requests for resolutions to be included on the agenda of the AGM on 11 June.These resolutions, which relate to composition of the supervisory board, come from two shareholders, namely Patrick Molis and Ronald Sämann who each hold 5% of the capital.Patrick Molis: 1/ is requesting that three members be revoked, 2/ opposes the renewal of the current ...
- Carole Braudeau
Credit Morning 05/16/2024
Altice designates certain subsidiaries as unrestricted (Bloomberg)Elior: good H1 23/24 results and confidence in targetsMoody's upgrades Monte's ratings by one notch to Ba2 senior and Ba3 Tier 2Avolta (ex-Dufry): solid first quarter, guidance confirmedMaxeda: after a difficult FY 2023 (leverage above 5x), the group is counting on its free cash flow generation in 2024 to deleverage before refinancing next year.>...
- Carole Braudeau
Morning Crédit 16/05/2024
Maxeda : après une année 2023 difficile (levier au-dessus de 5x), le groupe mise sur sa génération de free cash-flow en 2024 pour se désendetter avant son refinancement l’an prochainAltice désigne certaines filiales comme non restreintes (Bloomberg)Moody’s réhausse d’un cran les notes de Monte, à Ba2 en senior et à Ba3 en Tier 2Elior : bonne publication au S1 23/24 et confiance sur les objectifs fixésAvolta (ex-Dufry) : Très bon trimestre, guidances confirmées...
- 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
- Louis Boujard
- CFA
- Philippe Ourpatian
ERG : Q1 2024 in line with the consensus and update to the 2026 trajec...
>A Q1 2024 publication in line with the consensus - The group has published its performances for Q1 2024, above our forecasts and broadly in line with those of the consensus. Recurring EBITDA came to € 165m (-1.2%), above the € 146m forecast but in line with the average for the FactSet consensus (€ 162m). This trend in earnings is due mainly to the significant improvement in wind and solar capacity (acquisitions and organic). An additional 322 MW were implemented as o...
- Fehmi Ben Naamane
Avolta : Q1 a shade above forecasts. Outperform rating maintained
>Q1 figures a shade above forecasts - Avolta reported this morning strong Q1 figures. Group core income stood at CHF 2,784m, giving growth of 18% y-o-y and organic growth of 8.6% (of which a +1% positive impact related to the Easter timing). Revenues were thus 2% above the consensus’ forecasts (i.e. Vara Research) and 1% above our estimates. By region, we note the very strong performance for the EMEA zone with organic growth at +11.7% driven by the momentum in leisure...
- Emmanuel Matot
Rubis : Début des hostilités
>Molis et Sämann demandent des sièges au Conseil de surveillance - Les dirigeants de Rubis annoncent avoir reçu hier des demandes d’inscription à l’ordre du jour de l’Assemblée Générale du 11 juin.Ces résolutions, qui portent sur la composition du Conseil de Surveillance, émanent de 2 actionnaires, à savoir Patrick Molis et Ronald Sämann qui détiennent chacun 5% du capital.Patrick Molis 1/demande la révocation de 3 membres, 2/s’oppose au renouvellement de l’...
- Baptiste Lebacq
Vallourec : Continuing debt paydown/Q2 guidance below expectations
>EBITDA in line and debt reduction ahead of expectations - EBITDA at € 235m, -16% q-o-q and +27% y-o-y, in line with our forecasts at € 237m (consensus € 240m).Tubes EBITDA of € 220m, down 12% q-o-q and 21% y-o-y due to price reductions in the US and lower volumes, largely driven by the closure in GermanyMine and forests EBITDA of € 30m, - 29% q-o-q and 37% y-o-y as a result of lower sales volumes and a reduction in the non-cash effects for the revaluation o...
- Manuel Martin
- CEFA
- CREA
GRAND CITY Properties S.A. : Q1 2024 results in line overall with our ...
>FY 2024e outlook confirmed - Grand City (GCP) reported this morning Q1 2024 figures which were in line overall with our expectations. GCP confirmed its FY 2024e FFO guidance of € 175m-€ 185m.Earnings from property lettings increased y-o-y to € 84.2m (+2.5% y-o-y), which was in line with our estimate of € 83.5m. FFO I of € 45.2m decreased by -3.6% y-o-y translating into a FFO I per share of € 0.26 (-5.9% y-o-y), both slightly above our estimates. EPRA NTA per sha...
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.