reports
- Damien Choplain
- Martial Descoutures
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/05/2024
European equity markets weakened in October following multiple disappointments across the earnings season. The impending US election, the outcome of which is highly uncertain according to the polls, may also have prompted some traders to adopt a cautious stance. Sovereign long rates rose sharply, particularly in the US, on the back of macro indicators likely to provide arguments to the most hawkish of central bankers. All eyes are now on the November 5 elections and their repercussion...
- Damien Choplain
- Martial Descoutures
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 05/11/2024
Les marchés actions européens ont fléchi en octobre après les nombreuses déceptions sur la saison des résultats. L’approche de l’élection US, très incertaine selon les sondages, pourrait également avoir poussé à la prudence certains opérateurs. Les taux longs souverains ont nettement remonté, en particulier aux Etats-Unis, sur la base d’indicateurs macro susceptibles de donner des arguments aux plus faucons des banquiers centraux. Tous les yeux sont désormais rivés sur le scrutin du 5...
- Carole Braudeau
- Russell Waller
Bouygues Telecom Q3 24: Slightly slower SR y/y, better EBITDA y/y; La ...
Bouygues Telecom has reported a slightly better set of Q3 numbers: SR growth is a touch slower y/y but EBITDAaL growth y/y is better, and KPIs are solid. In addition, Bouygues has informed that the differences between SFR and La Poste have been resolved and SFR has waived its pre-emption rights; as such, Bouygues expects the deal to close before the end of the year.
- Carole Braudeau
- Stephane Beyazian
- Sven Edelfelt
Bouygues : Love hate
>EBIT 10% better than consensus expectations - Bouygues this morning reported Q3 2024 revenues up +1.5%, with +1.5% l-f-l, in line with consensus expectations (+0.7%). Growth was driven by Bouygues Construction (+6.5%), Bouygues Telecoms (+1.8%) and Equans (+3.2%). Colas (-1.6%) posted a decline, and real estate (-4.6%) picked up. EBIT came to € 972m, up 8.5% in Q3, 10% beating the consensus (margin improvement of 42bp to 6.5% vs 5.9% for the css), thanks to mar...
- Stephane Beyazian
- Sven Edelfelt
Bouygues : Je t’aime, moi non plus
>EBIT 10% supérieur aux attentes du consensus - Bouygues a publié ce matin un chiffre d’affaires T3 2024 en hausse de 1.5% dont +1.5% lfl, en ligne avec les attentes du consensus (+0.7%). La croissance est tirée par Bouygues Construction (+6.5%), Bouygues Telecoms (+1.8%) et Equans (+3.2%). Colas (-1.6%) affiche une baisse, et l’immobilier (-4.6%) se redresse. L’EBIT ressort à 972 M€, en hausse de 8.5% sur le T3, 10% supérieur au cons. (marge en hausse de 42 pb ...
- Oliver Metzger
Fresenius Medical Care : Q3 review – Beat on bottom line
>Q3 review – strong bottom line performance ahead of expectations - Fresenius Medical Care's Q3 2024 revenues of € 4,760m (-3.6% y-o-y, 0%/-1% vs ODDO BHF/consensus) were supported by organic growth of 1.9% at group level compared with our forecast of 2.4%. Divestments created a headwind of 430bp and forex a headwind of 120bp.Q3 adjusted EBIT of € 474m (+10.0% y-o-y, margin of 10.0%) was 6% ahead of our estimate and 3% ahead of consensus expectations. Reported EB...
- Andreas Riemann
Zalando : Q3 in line with prelims, FY outlook confirmed
>Some 8% GMV growth and 290bp margin improvement in Q3 - In Q3, GMV was up 8% y-o-y to € 3.46bn (prelim € 3.5bn). Sales increased 5% to € 2.39bn (prelim: € 2.4bn). Revenue growth by segment: B2C +4%, B2B +11%. Adjusted EBIT came in at € 93m (prelim: € 93m) with a margin of 3.9% (up 290bp). The strong demand in September resulted in very good full price business which supported the gross margin. The gross margin increased 400bp and fulfilment costs were down 120bp wher...
- Clement Genelot
Carrefour: considering all scenarios to revive the share price? Our br...
With Carrefour reportedly in the early stages of discussions with advisors to consider capitalistic/operational scenarios that could revive the share price (source: Bloomberg), we have listed the six potential scenarios. More than half are unrealistic or negative to the share price in our view, whi
Atos signs binding agreement to sell Worldgrid to ALTEN for an enterpr...
Atos signs binding agreement to sell Worldgrid to ALTEN for an enterprise value of €270 million Press Release Atos signs binding agreement to sell Worldgrid to ALTEN for an enterprise value of €270 million Paris, France – November 5, 2024 - Following its press release dated June 11, 2024, Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces that it has signed a Share & Asset Purchase Agreement with ALTEN SA (“ALTEN”) for the sale of its Worldgrid business unit for an enterprise value of €270 million. Worldg...
Atos signe un accord engageant pour la vente de Worldgrid à ALTEN pour...
Atos signe un accord engageant pour la vente de Worldgrid à ALTEN pour une valeur d’entreprise de 270 millions d’euros Communiqué de presse Atos signe un accord engageant pour la vente de Worldgrid à ALTEN pour une valeur d’entreprise de 270 millions d’euros Paris, France – 5 novembre 2024 - A la suite de son communiqué de presse du 11 juin 2024, Atos, leader international de la transformation numérique, du calcul haute performance et des infrastructures liées aux technologies de l’information, annonce aujourd’hui avoir signé un accord de cession avec ALTEN SA (« ALTEN ») pour la vente de...
Bouygues: Nine-month 2024 results
Bouygues: Nine-month 2024 results NINE-MONTH 2024 RESULTS Group outlook for 2024 confirmed: sales and current operating profit from activities (COPA) expected to be slightly up on 2023 Construction businesses: backlog at a very high level, providing visibility on future activityEquans: year-on-year increase in sales, COPA, margin from activities and net cash, reflecting the continued successful execution of the strategic Perform planBouygues Telecom: strong performance in Fixed, and still a competitive market environment in Mobile. Launch of the new B.iG brand and the new B&YOU Pure fibre...
Bouygues : résultat des neuf premiers mois 2024
Bouygues : résultat des neuf premiers mois 2024 RÉSULTATS DES NEUF PREMIERS MOIS 2024 Confirmation des perspectives 2024 du Groupe : chiffre d’affaires et résultat opérationnel courant des activités (ROCA) attendus en légère croissance par rapport à 2023 Activités de construction : carnet de commandes à un niveau très élevé, offrant de la visibilité sur l’activité futureEquans : hausse du chiffre d’affaires, du ROCA, de la marge des activités et de la trésorerie nette sur un an, reflétant la bonne exécution du plan stratégique PerformBouygues Telecom : solide performance dans le Fixe et ...
EQS-News: Zalando Records Strong Q3 Growth in Both B2C and B2B, Invest...
EQS-News: Zalando SE / Key word(s): Quarter Results Zalando Records Strong Q3 Growth in Both B2C and B2B, Invests in Customer Loyalty, Lifestyle Propositions, Fashion Discovery and Logistics 05.11.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Zalando Records Strong Q3 Growth in Both B2C and B2B, Invests in Customer Loyalty, Lifestyle Propositions, Fashion Discovery and Logistics Q3 gross merchandise volume (GMV) rises 7.8% to 3.5 billion euros, r...
EQS-News: Zalando verzeichnet im dritten Quartal starkes Wachstum im B...
EQS-News: Zalando SE / Schlagwort(e): Quartalsergebnis Zalando verzeichnet im dritten Quartal starkes Wachstum im B2C- und B2B-Geschäft und investiert in Kund*innenbindung, Lifestyle-Angebot, Fashion Discovery und Logistiknetzwerk 05.11.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Zalando verzeichnet im dritten Quartal starkes Wachstum im B2C- und B2B-Geschäft und investiert in Kund*innenbindung, Lifes...
Bouygues : Monthly disclosure of the total number of shares and voting...
Bouygues : Monthly disclosure of the total number of shares and voting rights REGULATED INFORMATION MONTHLY DISCLOSURE OF THE TOTAL NUMBER OF SHARES AND VOTING RIGHTS Paris, 04/11/2024 Article 223-16 of the AMF General Regulation Date Shares Voting rights Theoretical (1) Exercisable (2) 31 October 2024 379,268,439 492,937,112 490,091,050 (1) In accordance with Article 223-11 of the AMF General Regulation, this number is calculated on the basis of all the shares to which voting rights are attached, including shares for which voting rights have been suspended.(...
Bouygues : Publication mensuelle du nombre d'actions composant le capi...
Bouygues : Publication mensuelle du nombre d'actions composant le capital et du nombre total de droits de vote INFORMATION REGLEMENTÉE PUBLICATION MENSUELLE DU NOMBRE D'ACTIONS COMPOSANT LE CAPITAL ET DU NOMBRE TOTAL DE DROITS DE VOTE Paris, le 04/11/2024 Article 223-16 du Règlement général de l’AMF Date Nombre d’actions composant le capital Nombre total de droits de vote théoriques (1) exerçables (2) 31 octobre 2024 379 268 439 492 937 112 490 091 050 (1) Conformément à l’article 223-11 du Règlement général de l’AMF, nombre calculé sur la base de l’...
- Jean Danjou
- Oliver Metzger
O2D TELEFONICA DEUTSCHLAND HOLDING AG
ETL EUTELSAT COMMUNICATIONS SA
SESGL SES SA FDR (CLASS A)
PROX PROXIMUS SA DE DROIT PUBLIC
MC LVMH MOET HENNESSY LOUIS VUITTON SE
KPN ROYAL KPN NV
ORA ORANGE SA
OSE OSE IMMUNOTHERAPEUTICS SA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
SBMO SBM OFFSHORE NV
EN BOUYGUES SA
UTDI UNITED INTERNET AG
EL ESSILORLUXOTTICA SA
GAMA GAMMA COMMUNICATIONS
BRBY BURBERRY GROUP PLC
KER KERING SA
PNL POSTNL NV
DTE DEUTSCHE TELEKOM AG
01913 PRADA S.P.A.
FIE FIELMANN AG
TUB TUBACEX S.A.
AIXA AIXTRON SE
MONC MONCLER SPA
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
TIT TELECOM ITALIA S.P.A.
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
CLNX CELLNEX TELECOM S.A.
FNTN FREENET AG
JUN3 JUNGHEINRICH AG PREF
VOD VODAFONE GROUP PLC
OBEL ORANGE BELGIUM SA
TEF TELEFONICA SA
NFN NFON AG
DRI 1&1 DRILLISCH AG
JEN JENOPTIK AG
FUR FUGRO NV
- Carole Braudeau
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