reports
Financial Communication Schedule Update
Financial Communication Schedule Update Ivry-sur-Seine, France, September 18, 2024 Financial Communication Schedule Update Fnac Darty will publish its Q3 2024 revenue on October 15, after market close, instead of October 23 as initially planned. This change is made to avoid overlapping with the closing of the offer period on Unieuro. The full schedule of the Group’s upcoming financial publications is available on its website: . About Fnac Darty Operating in 13 countries, Fnac Darty is a European leader in the retail of entertainment and leisure products, consumer electronics and domesti...
- Oliver Metzger
- Wim Gille
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/09/2024
La prochaine acquisition de Campari pourrait être en Inde et intervenir rapidement, selon nous. Rapidement d’abord pour que le groupe puisse pleinement profiter du dynamisme de ce marché. Rapidement ensuite pour se prémunir du ralentissement actuel des liqueurs et apéritifs (L&A) en Europe, segment dont il est historiquement très dépendant. Malgré l’intérêt stratégique du marché indien, une telle opération de M&A pourrait se révéler risquée en s’ajoutant aux multiples défis opérationn...
DGE DIAGEO PLC
MTX MTU AERO ENGINES AG
RI PERNOD RICARD SA
HO THALES SA
RCO REMY COINTREAU SA
FGA FIGEAC AERO SA
RHM RHEINMETALL AG
PHIA KONINKLIJKE PHILIPS N.V.
FII LISI SA
ISP INTESA SANPAOLO S.P.A.
SAF SAFRAN S.A.
AIR AIRBUS SE
BOL BOLLORE SA
BA. BAE SYSTEMS PLC
UCG UNICREDIT S.P.A.
SKF B SKF AB CLASS B
LDO LEONARDO SPA
HAG HENSOLDT AG
CPR DAVIDE CAMPARI-MILANO N.V.
AERO MONTANA AEROSPACE AG
UMG UNIVERSAL MUSIC GROUP NV
AM DASSAULT AVIATION
DTG DAIMLER TRUCK
LAT LATECOERE
R3NK RENK GROUP AG
- Oliver Metzger
- Wim Gille
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/18/2024
Campari’s next acquisition might be in India and could materialise quickly, in our view. Speed is of the essence: first so that the group can take full advantage of the dynamic growth of this market; and second to guard against the current slowdown in liqueurs and aperitifs (L&A) in Europe, a segment on which it has historically been very reliant. Despite the strategic value that the Indian market offers, such an M&A deal could prove risky by adding to the multiple operational challen...
DGE DIAGEO PLC
MTX MTU AERO ENGINES AG
RI PERNOD RICARD SA
HO THALES SA
RCO REMY COINTREAU SA
FGA FIGEAC AERO SA
RHM RHEINMETALL AG
PHIA KONINKLIJKE PHILIPS N.V.
FII LISI SA
ISP INTESA SANPAOLO S.P.A.
SAF SAFRAN S.A.
AIR AIRBUS SE
BOL BOLLORE SA
BA. BAE SYSTEMS PLC
UCG UNICREDIT S.P.A.
SKF B SKF AB CLASS B
LDO LEONARDO SPA
HAG HENSOLDT AG
CPR DAVIDE CAMPARI-MILANO N.V.
AERO MONTANA AEROSPACE AG
UMG UNIVERSAL MUSIC GROUP NV
AM DASSAULT AVIATION
DTG DAIMLER TRUCK
LAT LATECOERE
R3NK RENK GROUP AG
- Carole Braudeau
- Carole Braudeau
- Benoit Valleaux
- Steven Gould
ODDO : ABI statistics (September 2024): broadly reassuring trend
>Update on the macroeconomic and banking situation in Italy - The latest data from the Italian Banking Association (ABI), covering the summer months of 2024 confirms the recent trend, with an overall situation confirming its relative resilience in view of the recent indications (GDP, industrial production, confidence climate, etc.) and given uncertainties on the short to medium term. The lending activity confirmed signs of an improvement YTD (notably with regard ...
- Benoit Valleaux
- Steven Gould
ODDO : Statistiques ABI (sept 2024) : évolution globalement rassurante
>Point sur la situation macroéconomique & bancaire en Italie - Les dernières données de l’Association Bancaire Italienne (ABI), couvrant les mois d’été 2024, confirment la tendance récente, avec une situation globale confirmant sa relative résilience au regard des indicateurs récents (PIB, production industrielle, climat de confiance…) et compte tenu des incertitudes à CMT. L’activité de crédit confirme les signes d’amélioration YTD (notamment auprès des ménages)...
Total number of shares and voting rights at August 31, 2024
Total number of shares and voting rights at August 31, 2024 17 September 2024 Orange: information on the total number of shares and voting rights referred to in Article L.233-8 II of the French Commercial Code and Article 223-16 of the General Regulations of the Autorité des Marchés Financiers. In application of Article L. 22-10-46 of the French Commercial Code (Code de commerce), as from 3 April 2016, a double voting right is automatically granted to fully paid-up shares that have been held in registered form and under a single shareholder name for at least two years. DateNumber of shar...
Nombre d'actions et de droits de vote au 31 août 2024
Nombre d'actions et de droits de vote au 31 août 2024 17 septembre 2024 Orange : Information relative au nombre total d’actions et de droits de vote prévue par l’article L. 233-8 II du Code de commerce et l’article 223-16 du Règlement général de l’Autorité des Marchés Financiers En application de l’article L. 22-10-46 du Code de commerce, il est automatiquement conféré, à compter du 3 avril 2016, un droit de vote double aux actions entièrement libérées inscrites au nominatif depuis deux ans au nom d’un même actionnaire. DateNombre d’actions composant le capitalNombre d’actions auto-détenu...
- Carole Braudeau
- Carole Braudeau
- Jean Danjou
- Jean Danjou
- Stephane Beyazian
Orange : Can Altice France get back into the race?
>Persistently calamitous situation on three counts: FCF, debt and customers - One of our fears for Orange is a turnaround at Altice France (SFR), which was historically its leading competitor before its collapse in recent years:Financial results remain untenable. ODDO BHF credit analyst (Pierre-François Merveille) forecasts negative FCF of ~€ 450m in 2024 and 2025, including € 1.45bn in financial expenses. In June, the reported net debt of Altice France (restrict...
- Stephane Beyazian
Orange : Altice France peut-il revenir dans la course aux clients ?
>Une situation toujours désastreuse en 3 points : FCF, dette, clients - Une de nos craintes pour Orange est un redressement d’Altice France (SFR) qui était historiquement son premier concurrent avant son décrochage ces dernières années :Les résultats financiers restent intenables. Notre analyste crédit ODDO BHF (Pierre-François Merveille) prévoit des FCF négatifs de ~450 M€ en 2024 et en 2025, dont 1,45 Md€ de frais financiers. En effet, à fin juin, la dette nett...
- Jesse Norcross
Fastighets Balder/SEK issuance improves liquidity, spreads currently l...
Balder (BALDER) continues to take advantage of its solid market access in local currency, issuing a SEK500m deal. This is the company's seventh bond deal in Swedish krona this year, which has eased refinancing concerns. We think it is positive that the company has demonstrated such stable market access in SEK, although a EUR deal is probably needed to ease investor concerns. Management guided at the 2Q results that it currently sees no need to issue in EUR, although we do think there is a possib...
- Carole Braudeau
- Carole Braudeau
Deutsche Lufthansa AG: 1 director
A director at Deutsche Lufthansa AG sold 10,000 shares at 5.900EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...
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