reports
- ABGSC Oil & Oil Services Research
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
EQNR EQUINOR ASA
AKAST AKASTOR ASA
PGS PGS ASA
KOG KONGSBERG GRUPPEN ASA
SOC SUBSEA 7 S.A.
PEN PANORO ENERGY ASA
ARCHERO ARCHER
AKER AKER ASA CLASS A
DNO DNO ASA CLASS A
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
BWO BW OFFSHORE LIMITED
PRS PROSAFE
OKEA OKEA
BWE BW ENERGY
BORR BORR DRILLING LTD
VAR VAR ENERGI ASA
SEAPT-NO SEACREST PETROLEO
DOFG DOF GROUP ASA
- Steffen Evjen
Winter is coming
Streamer vessel demand remains muted (2024e tracks ~10% below pandemic levels). We believe a potential recovery in the TGS equity case rests on supply-side discipline remaining intact despite what appears to be a challenging winter season utilisation-wise along with key peer Shearwater’s cash flow-supportive agreement with Viridien expiring in January.
- ABGSC Oil & Oil Services Research
- Haakon Amundsen
- John Olaisen
- Martin Mauseth
- Oliver Dunvold
- Stian Wibstad
EQNR EQUINOR ASA
AKAST AKASTOR ASA
PGS PGS ASA
KOG KONGSBERG GRUPPEN ASA
SOC SUBSEA 7 S.A.
PEN PANORO ENERGY ASA
ARCHERO ARCHER
AKER AKER ASA CLASS A
DNO DNO ASA CLASS A
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
BWO BW OFFSHORE LIMITED
PRS PROSAFE
OKEA OKEA
BWE BW ENERGY
BORR BORR DRILLING LTD
VAR VAR ENERGI ASA
SEAPT-NO SEACREST PETROLEO
SDRL-NO SEADRILL
DOFG DOF GROUP ASA
- Baptiste Lebacq
- Baptiste Lebacq
- Baptiste Lebacq
Viridien : Vers un momemtum moins soutenu du côté de SMO
>Opinion Surperformance et OC ajusté à 80 € - Post publication et contact société, nous ajustons en baisse nos attentes d’EBITDA 2024/26 de 6% en moyenne. L’activité SMO devrait continuer de pénaliser la formation des résultats du groupe d’où l’annonce de mesures d’ajustements structurelles par le groupe dans cette branche (réduction des capacités sur Houston, fermeture de Singapour et annonce d’une réduction de 150 postes en France). Nous réitérons notre recommandati...
- Baptiste Lebacq
Viridien : Towards less favourable momentum in SMO
>Outperform recommendation and target price adjusted to € 80 - Post-publication and company contact, we have adjusted down our EBITDA forecast for 2024-2026 by 6% on average. The SMO activity continued to penalise the formation of group’s results hence the announcement of structural adjustment measures at this activity (reduction of capacity in Houston, closure of Singapore and announcement of 150 jobs losses in France). We reiterate our Outperform recommendation and...
- Charlotte Vaisse
- Juan Ros-Padilla
NK IMERYS SA
NXI NEXITY SA CLASS A
NTG NETGEM SA
NRG NRJ GROUP SA
MRN MERSEN SA
MTU MANITOU BF SA
ALTA ALTAREA SCA
MBB MBB INDUSTRIES SE
BIG BIGBEN INTERACTIVE SA
FAE FAES FARMA S.A.
ECV ENCAVIS AG
VIS VISCOFAN S.A.
FCC FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A.
AED AEDIFICA SA
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
MELE MELEXIS NV
ENC ENCE ENERGIA Y CELULOSA SA
COL INMOBILIARIA COLONIAL SOCIMI SA
TLGO TALGO SA
IDR INDRA SISTEMAS S.A. CLASS A
PSG PROSEGUR COMPANIA DE SEGURIDAD SA
TKO TIKEHAU CAPITAL SCA
UNI UNICAJA BANCO S.A.
DUFN DUFRY AG
CGG CGG
TKWY JUST EAT TAKEAWAY.COM N.V.
TMV TEAMVIEWER AG
VRLA VERALLIA SAS
NACON NACON SASU
ZEL PHARMA MAR SA
AG1 AUTO1 GROUP
EBUS EBUSCO HLDG NV
AELIS AELIS FARMA SA
EAPI EUROAPI
BRE BREMBO S.P.A.
- Carole Braudeau
CO CASINO GUICHARD-PERRACHON SA
TEP TELEPERFORMANCE SE
KER KERING SA
ALTA ALTAREA SCA
GRF GRIFOLS S.A. CLASS A
ISP INTESA SANPAOLO S.P.A.
FRE FRESENIUS SE & CO. KGAA
KGX KION GROUP AG
ONTEX ONTEX GROUP N.V.
REC RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA S.P.A.
CABK CAIXABANK SA
TKO TIKEHAU CAPITAL SCA
CGG CGG
BBVA BANCO BILBAO VIZCAYA ARGENTARIA S.A.
TEF TELEFONICA SA
CPR DAVIDE CAMPARI-MILANO N.V.
- Charlotte Vaisse
- Juan Ros-Padilla
NK IMERYS SA
NXI NEXITY SA CLASS A
NTG NETGEM SA
NRG NRJ GROUP SA
MRN MERSEN SA
MTU MANITOU BF SA
ALTA ALTAREA SCA
ATE ALTEN SA
MBB MBB INDUSTRIES SE
BIG BIGBEN INTERACTIVE SA
FAE FAES FARMA S.A.
ECV ENCAVIS AG
VIS VISCOFAN S.A.
FCC FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A.
AED AEDIFICA SA
MELE MELEXIS NV
ENC ENCE ENERGIA Y CELULOSA SA
COL INMOBILIARIA COLONIAL SOCIMI SA
TLGO TALGO SA
IDR INDRA SISTEMAS S.A. CLASS A
PSG PROSEGUR COMPANIA DE SEGURIDAD SA
TKO TIKEHAU CAPITAL SCA
UNI UNICAJA BANCO S.A.
DUFN DUFRY AG
CGG CGG
TKWY JUST EAT TAKEAWAY.COM N.V.
TMV TEAMVIEWER AG
VRLA VERALLIA SAS
NACON NACON SASU
ZEL PHARMA MAR SA
AG1 AUTO1 GROUP
EBUS EBUSCO HLDG NV
AELIS AELIS FARMA SA
EAPI EUROAPI
BRE BREMBO S.P.A.
- Carole Braudeau
CO CASINO GUICHARD-PERRACHON SA
TEP TELEPERFORMANCE SE
KER KERING SA
ALTA ALTAREA SCA
GRF GRIFOLS S.A. CLASS A
ISP INTESA SANPAOLO S.P.A.
FRE FRESENIUS SE & CO. KGAA
KGX KION GROUP AG
ONTEX ONTEX GROUP N.V.
REC RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA S.P.A.
CABK CAIXABANK SA
TKO TIKEHAU CAPITAL SCA
CGG CGG
BBVA BANCO BILBAO VIZCAYA ARGENTARIA S.A.
TEF TELEFONICA SA
CPR DAVIDE CAMPARI-MILANO N.V.
- Baptiste Lebacq
Viridien : Upturn in market fundamentals is confirmed
>Outperform rating and target price unchanged at € 0.9 - Following the results publication and the conference call, we reiterate our Outperform recommendation on the stock. After several years of a clear underperformance performances, the stock’s current valuation is strongly depressed. We believe in a re-rating of the stock as market fundamentals show signs of improvement (with the return of the IOCs: International Oil Companies). The roadmap communicated by the gro...
- Baptiste Lebacq
Viridien : Le redressement des fondamentaux du marché se confirme
>Recommandation Surperformance et OC inchangé à 0.9 € - Post publication et conférence call, nous réitérons notre recommandation Surperformance. Après plusieurs années de nette sous-performance boursière, la valorisation actuelle du titre est fortement déprimée. Nous croyons à un rerating du titre alors que les fondamentaux du marché montrent des signaux d’amélioration (avec le retour des IOC : Compagnies Pétrolières Internationales). La feuille de route communiquée ...
Résultats du 2ème trimestre et du 1er semestre 2024
Résultats du 2ème trimestre et du 1er semestre 2024 Paris (France), 30 juillet 2024, diffusion à 17h45 RÉSULTATS PORTÉS PAR LA PERFORMANCE DE GÉOSCIENCE Paris (France), 30 juillet 2024, diffusion à 17h45 2ème trimestre11er semestre1Chiffre d’affaires2258m$ (-10%)532m$ (+7%)EBITDA ajusté2$94m$ (-10%)200m$ (+17%)Cash-Flow Net(6)m$ (vs (79)m$ au T2 2023) 24m$ (vs (78)m$ au S1 2023) Sophie Zurquiyah, directrice générale de Viridien, a déclaré : « Le deuxième trimestre a confirmé l'environnement favorable que nous avions anticipé pour nos activités Geoscience et Earth Data, avec ...
Q2 & h1 2024 Results
Q2 & h1 2024 Results Paris (France), July 30, 2024, 17h45 CET STRONG RESULTS DRIVEN BY GEOSCIENCE’S PERFORMANCE Q21 H11 Revenue2 $258m (-10%) $532 million (+7%) Adjusted EBITDA2 $94m (-10%) $200 million (+17%) Net Cash-Flow $(6)m (vs $(79)m in Q2 2023) $24m (vs $(78)m in H1 2023) Sophie Zurquiyah, Chief Executive Officer of Viridien, said: “The second quarter confirmed the favorable environment that we anticipated for our Geoscience and Earth Data businesses, with strong order intake and a good pipeline of multiclient pro...
Publication des résultats financier du T2 mardi 30 juillet 2024 après ...
Publication des résultats financier du T2 mardi 30 juillet 2024 après bourse Paris, France – July 18, 2024 Résultats financiers du T2 2024 et conférence téléphonique Viridien, anciennement CGG, annoncera ses résultats du 2ème trimestre 2024 mardi 30 juillet après bourse. Le communiqué de presse et la présentation seront disponibles sur le site à 17h45 (heure française).Une conférence téléphonique en langue anglaise est programmée à 18h00 (heure française) ce même jour. Les participants doivent s’inscrire à la conférence en cliquant sur le lien ci-après afin de r...
- ABGSC Oil & Oil Services Research
- John Olaisen
- Ahmed Ben Salem
- Marc Lavaud
- Thijs Berkelder
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
PGS PGS ASA
BOSS HUGO BOSS AG
ENI ENI S.P.A.
NEX NEXANS SA
ERA ERAMET SA
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
SAE SHOP APOTHEKE EUROPE NV
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
PLX PLUXEE NV
- Ahmed Ben Salem
- Bruno Cavalier
- Marc Lavaud
- Thijs Berkelder
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
PGS PGS ASA
BOSS HUGO BOSS AG
ENI ENI S.P.A.
NEX NEXANS SA
ERA ERAMET SA
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
SAE SHOP APOTHEKE EUROPE NV
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
PLX PLUXEE NV
- Ahmed Ben Salem
- Marc Lavaud
- Thijs Berkelder
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/04/2024
Sartorius is set to outperform the underlying biopharmaceutical market based on higher exposure to novel biologics and its focus on single-use components. Destocking is likely to end soon but the changing ordering pattern could distort order intake as KPI and organic growth should recover faster. In our view, the expected cut to its FY 2024 guidance is already largely reflected in the share price. Based on the expected turnaround, we have upgraded to Outperform with a new target price...
AKRBP AKER BP ASA
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
RI PERNOD RICARD SA
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
ADEN ADECCO GROUP AG
PGS PGS ASA
ZAL ZALANDO SE
ENI ENI S.P.A.
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
EVK EVONIK INDUSTRIES AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
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