Benelux Morning Notes

Avantium: Expanded rights. CVC Capital Partners: 1H25 results. D'Ieteren: 1H25 5% miss, guidance reiterated on confidence for a much better 2H25. Kinepolis: August 2025 box office revenue/ attendance in US/Canada, France down >20%

Benelux Morning Notes

Ackermans & van Haaren: A strong 1H25. Avantium: Nearly there. Eurocommercial Properties: Good results, positive effects of remerchandising. Recticel: Weak 1H25 calls for a 12% downgrade to consensus at Adj. EBITDA level. Sif Group: 2025 and 2026 guidance cuts. Staffing: Belgium - July Temp volume weaker at -3.5% YoY despite easier comps

Benelux Morning Notes

Avantium: Breathing space. Events Calendar.

Benelux Morning Notes

AEGON: Always a pleasure to debate with management. Avantium: Summer Doldrums. Gimv: Itineris out

Avantium: participation in Michelin-led consortium

This morning, Avantium announced it has been awarded a EUR200k grant by the EU Horizon Europe programme to participate in the CERISEA consortium, led by Michelin Engineered Polymers, which aims to build and operate a 5-Hydroxymethylfurfural (5-HMF) flagship plant. This 3Kt/year industrial demo plan

Avantium: factoring in the reverse stock split

Yesterday, following unanimous approval of a 1:10 reverse stock split by the Board on 14th May, Avantium began trading on a post-reverse stock split basis. As a result of the reverse stock split, shareholders have been allotted one new ordinary share with a par value of EUR1.00 for every 10 existin

Avantium: partnership with the Bottle Collective

This morning, Avantium announced it has joined the Bottle Collective as a technical partner to support the development and scale-up of Dry Molded Fiber (DMF) bottles. This industrial technology stands as a next-generation solution to produce sustainable packaging at scale, converting renewable plan

Avantium: joint-development progress in textiles

Yesterday, Avantium announced the successful development of a PEF-based spacer fabric in collaboration with partners Auping, Muller Textiles, Antex and Monosuisse. This breathable, cushioning 3D material marks a step forward for this partnership, ongoing since 2024, aiming to create PEF-based yarns

Benelux Morning Notes

Ackermans & van Haaren: Nextensa acquiring the “Proximus Towers” landmark project. Avantium: Called to account. Proximus: Finalizes sale of its old HQ to Nextensa and the development of its new one. UCB: No tariffs on pharmaceutical products, at least for now

Benelux Morning Notes

Avantium: Management team change. Belgian telcos: Extra data on Proximus brand mobile plans at no additional cost. Elia: Launch of €1.35bn rights issue and closing of €850m private placement. Randstad: Preliminary preview of 1Q25F results due 23 April. Shell plc: Very solid CMD, attractive outlook for shareholders. Tessenderlo: 2024 in-line with lowered outlook, soft 2025F guidance

Avantium: CFO resignation

This morning, Avantium announced a series of senior management changes. As such, Boudewijn van Schaïk will step down as CFO (effective from May 2025), with Bert Cornelese taking over as interim CFO from 1 April 2025 until the appointment of a permanent CFO. In parallel, Bram Hoffer, previously serv

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 03/19/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 19/03/2025

Avantium : FY24 results: A mixed bag of results with all eyes on the F...

Avantium: FY24 results, eyeing flagship sales in H2 2025

This morning, Avantium announced FY24 results with total income reaching EUR25.6m (+0.6% vs. EUR25.5m in FY23), mainly supported by R&D Solutions and the licence agreement with Origin Materials. The EBITDA loss stood at -EUR33.3m (vs. -EUR27.5m in FY23), slightly better than cons. at -EUR34.4m,

Benelux Morning Notes

Avantium: The final reckoning; Exor: Increasing stake in Philips to 18.7%; IBA: 2H24 preview; Sif Group: Lowers FY25 outlook; UCB: Positive data in TK2d presented at MDA 2025; Vonovia: Positive valuation in 2H24 and good guidance - focus on market dynamics going forwards

Avantium: agreement with Climeworks for CO2 adsorption testing units

This morning, Avantium announced it had entered an agreement to supply the Swiss Direct Air Capture (DAC) pioneer Climeworks with an additional advanced high-throughput adsorption testing unit. Provided by Avantium R&D Solutions, this custom-made testing unit will serve to improve performance a

Avantium: partnership with EPC Engineering & Technologies

This morning, Avantium announced it has signed a joint development agreement (JDA) with EPC Engineering & Technologies, an international process and technology provider specialised in technology licensing and EPC works for polymer/fibre, chemical and bio/renewable technologies, to scale Avantiu

Avantium/Four of a kind/BUY

We update our Avantium financial model to account for the latest round of fundraising which has brought in additional financing of c.€46m via four separate instruments. Our target price remains unchanged at €9.57 and we maintain our BUY recommendation.

ODDO BHF Small & MIDCAP MORNING NEWS – 12/11/2024