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Smartphoto Group NV: 1 director
A director at Smartphoto Group NV bought 17,459 shares at 27.997EUR and the significance rating of the trade was 66/100. 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 c...
- Guy Sips
- Hilde Van Boxstael
- Kristof Samoy
- Lynn Hautekeete
- Thibault Leneeuw
- Thomas Couvreur
- Wim Lewi
- Guy Sips
- Hilde Van Boxstael
- Thomas Couvreur
- Thomas Vranken
- Wim Lewi
- Guy Sips
Smartphoto group A stronger performance in 2H24 although just below ou...
Increase in revenue of 4% y/y from € 77.3m in FY23 to € 80.5m (KBCSe € 81.5m) in FY24, driven by a strong 2H and an even stronger 4Q. FY24 EBITDA increased y/y 13.1% to € 11.4m (KBCSe € 12.3m) reflecting ‘targeted investments in people and marketing', which according to Smartphoto already contributed to accelerated turnover growth and a stronger performance in 2H24 although just below our forecasts. Increase in net cash of 0.8m from € 19.7m end FY23 to € 20.5m end FY24, and this notwithstanding ...
- Guy Sips
- Jacob Mekhael
- Michiel Declercq
- Sharad Kumar S.P
- Thomas Vranken
Morning Notes : AD NA, GIMB BB, KIN BB, MDXH BB, SMAR BB, BTLS BB, AUT...
: AD NA, GIMB BB, KIN BB, MDXH BB, SMAR BB, BTLS BB, AUTL US
- Guy Sips
Smartphoto group UK acquisition of System Insight, active in event and...
Smartphoto group announced the acquisition of System Insight Holdings, a UK company specialized in event and souvenir photography under the commercial name Image Insight. With this acquisition, Smartphoto adds a new component to its growing B2B division. This acquisition will join Smartphoto's B2B division alongside TopFanZ, a previously acquired company specializing in fan merchandise in the sports and entertainment sector. Event and attraction photography is a growing market worldwide, driven ...
- Guy Sips
- Hilde Van Boxstael
- Jacob Mekhael
- Lynn Hautekeete
- Michiel Declercq
- Thomas Couvreur
- Thomas Vranken
- Wim Lewi
Morning Notes : GLPG NA, IMMO BB, PROX BB, SMAR BB, WHATS BB, VGP BB
: GLPG NA, IMMO BB, PROX BB, SMAR BB, WHATS BB, VGP BB
- Guy Sips
Smartphoto group [FIRST LOOK] Stagnating turnover and further investme...
After a weak 1H24 release, we will have to lower our FY24E forecast slightly (no impact on our €38 Target Price and Buy rating) as Smartphoto group expect -despite the uncertain general economic outlook- a stabilization of both EBITDA and EBIT in 2H24. To reach our €80.2m FY24E sales and € 13.7m FY24E EBITDA, Smartphoto group would need a 6.5% y/y 2H24 sales growth and 2H EBITDA-margin improvement from 20.8% to 22.5%. They highlight that -for Smartphoto- 2H will be focused on innovation in the...
- Guy Sips
Smartphoto group Acquiring TopFanZ, active in merchandising for sports...
Smartphoto group announced the acquisition of TopFanZ (Halen, Belgium), active in merchandising for the sports and entertainment sector, with European ambition. Smartphoto group acquired 100%, for an initial purchase price of €1.1m in cash. In addition to this initial purchase price, Smartphoto will pay an additional consideration depending on (undisclosed) future results. TopFanZ will operate as a separate division in Smartphoto group, under their current commercial name TopFanZ.
- Guy Sips
- Jacob Mekhael
- Thibault Leneeuw
- Thomas Vranken
Morning Notes : MITRA BB, SMAR BB, TWEKA NA, UCB BB, MAAT FP
: MITRA BB, SMAR BB, TWEKA NA, UCB BB, MAAT FP
- Guy Sips
- Hilde Van Boxstael
- Jacob Mekhael
- Kristof Samoy
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
Morning Notes : ASRNL NA, CRBN NA, EURN BB, GLPG NA, INGA NA, SMAR BB
: ASRNL NA, CRBN NA, EURN BB, GLPG NA, INGA NA, SMAR BB
- Guy Sips
Smartphoto group Model update after FY23 saw -a small- growth in turno...
Although Smartphoto group showed in FY23 resilience and confirms with growth in turnover and profitability the preliminary FY23 numbers were just below our forecasts. We updated our numbers resulting in a slight decrease of our (DCF-based) Target Price to € 38 (was € 40). We maintain our Buy-rating.
- Guy Sips
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
Morning Notes : AGFB BB, DECB BB, RAND NA, SMAR BB, TESB BB, BTLS BB, ...
: AGFB BB, DECB BB, RAND NA, SMAR BB, TESB BB, BTLS BB, ALFEN NA
- Guy Sips
Smartphoto group Why can't it be “Christmas the Whole Year Round”?
Despite the difficult market conditions, the traditionally lower volumes in 1H compared to 2H (with a huge peak in the Christmas and New Year period), combined with higher material, personnel and transport costs, Smartphoto group's 1H23 EBITDA was stable y/y. We maintain our € 40 Target Price and Buy rating as Smartphoto indicated that in 2H23, the focus will continue to be on growth, both for the activities of smartphoto as well as for naYan. We maintain our Buy and € 40 Target Price after the...
- Benjamin Wolff
- Guy Sips
- Hilde Van Boxstael
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
Morning Notes : BELYS BB, CRBN NA, ELI BB, ROU BB, SMAR BB, CTPNV NA
: BELYS BB, CRBN NA, ELI BB, ROU BB, SMAR BB, CTPNV NA
- Guy Sips
- Thomas Couvreur
- Wim Lewi
- Guy Sips
- Sharad Kumar S.P
- Wim Hoste
- Wim Lewi
Morning Notes : ACKB BB, BALTA BB, EVS BB, PIC BB, REC BB, SMAR BB, TE...
: ACKB BB, BALTA BB, EVS BB, PIC BB, REC BB, SMAR BB, TESB BB
- Guy Sips
- Jeroen Van Den Bossche
- Thomas Vranken
- Wim Hoste
- Wim Lewi
Morning Note: ARGX BB, BALTA BB, EVS BB, MDXH BB, ONTEX BB, OXUR BB, S...
Argenx: FY21: Veni, vidi, Vyvgart Balta: Launch of tender & exchange offer on Notes EVS: The future belongs to those who prepare for it today MDxHealth: FY21: A turning point toward growth Ontex: Rumours about a potential bid from GBL Oxurion: Strengthening the investor base Smartphoto group: Efficiency improvements providing further potential Tessenderlo: New organic fertilizer production line in France Various: DTPL – Sit still when Sheared
- Guy Sips
- Olivier Vandewoude
- Ruben Devos
Morning Note: EKOP BB, KPN NA, SMAR BB
Ekopak: Flash note: Building a circular safe haven KPN: Comforting Q4 release | see little downside risk in next 2 yrs Smartphoto group: Personalised gifting machine turning in FCFmachine
- Guy Sips
SMARTPHOTO GROUP - A personalised gifting machine turning into a Free ...
Smartphoto promised, despite the lower profitability in 1H21, that there would be y/y growth in both turnover and EBITDA for FY21. The preliminary numbers showed that -although just a tad below our forecasts- they realised, after the temporary boost from Covid-19 in FY20, further steady growth in 2021. We made some small changes to our FY21-24E forecasts but maintain our Buy and € 40 Target Price.
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