We keep our HOLD rating and €1.95 TP. This reflects lowered earnings estimates but also lower capex guidance and rolling forward our DCF. Despite that the FY25 results were more or less in line. We find them underlying weaker than expected due to weaker mail volumes and softer parcel volume trend while also Staci Americas had an IT issue (solved). Our new estimates are at the low end of the guidance for FY26F, and we are also still well below (c.20%) the guidance for FY27F. We do believe bpost w...
Banijay Group: weekly share transactions Press Release Paris – 09 March 2026 Share Transactions Disclosure Banijay Group N.V. (894500G73K46H93RF180) declares the following transactions made on its own shares (NL0015000X07) from 2 March 2026 to 6 March 2026 in accordance with the authorization given by the shareholder’s annual meeting on 22 May 2025. Trade DateSideTotal Daily Volume (Number of Shares)Average PriceAmount of TransactionsMarket Identification Code2026-03-02BUY1 1158.0677138 995.50XAMS2026-03-02SELL1 0218.0935858 263.55XAMS2026-03-03BUY7508.0110006 008.25XAMS2026-03-03SELL412...
HEADLINES: • EMEA airlines: oil price spike negative NEGATIVE • Budimex: PLN 2.59bn rail contract signed with PKP PLK NEUTRAL • Auto Partner: February sales growth of 3.4% yoy NEGATIVE • Diagnostyka: 4Q25E preview – 8% yoy EBITDA growth expected (due on 20 April) NEUTRAL • CEZ: 4Q25E earnings preview (due on 12 March) • Jumbo: February sales growth slows to 3% yoy on tough comps, as expected NEUTRAL • Mavi: 4Q25E earnings preview (due on 17 March) • EME Macro/Strategy: macro all-in-one (27 Febru...
Galapagos Creates New Subscription Right Plan Mechelen, Belgium; March 6, 2026, 22.01 CET; regulated information – Galapagos NV (Euronext & NASDAQ: GLPG) announced today that its Board of Directors created 1,750,000 subscription rights under a new subscription right plan. On March 6, 2026, the Board of Directors of Galapagos approved the “Subscription Right Plan 2026”, intended for personnel of the Company and its subsidiaries, within the framework of the authorized capital. Under this subscription right plan, 1,750,000 subscription rights were created for compensation of current and poten...
Galapagos creëert nieuw inschrijvingsrechtenplan Mechelen, België; 6 maart 2026, 22.01 CET; gereglementeerde informatie – Galapagos NV (Euronext & NASDAQ: GLPG) kondigt vandaag aan dat haar Raad van Bestuur 1.750.000 inschrijvingsrechten heeft gecreëerd onder een nieuw inschrijvingsrechtenplan. De Raad van Bestuur van Galapagos heeft op 6 maart 2026 “Inschrijvingsrechtenplan 2026”, bestemd voor leden van het personeel van de Vennootschap en van haar dochtervennootschappen, goedgekeurd binnen het kader van het toegestaan kapitaal. Onder dit inschrijvingsrechtenplan werden 1.750.000 inschrij...
SES has reportedly mandated an advisor to manage the sale of the company’s ground infrastructure assets. In this brief note we discuss the rationale for the transaction and the potential impact on leverage – and so also on shareholder returns.
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