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

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

Avantium : New financing secured, hence we upgrade our recommendation ...

Avantium: EUR46m funding successfully secured

Yesterday, Avantium announced that it has secured a debt financing package of up to EUR35.1m in the form of debt facilities and a shareholder convertible loan. This has been complemented by an ABB of EUR11.2m. This successful operation provides Avantium with a total financing package of EUR46.3m, s

Benelux Morning Notes

Avantium: Christmas (Round) Robin. dsm-firmenich: A lot of hot air about Bovaer®. Fastned: JV confirmed with Places of London. Shell: JV with Equinor on UKCS. Staffing: Belgium staffing, French govt falls - less growth but fiscal policy less restrictive?

Avantium: collaboration with SCGC in PLGA polyester

This morning, Avantium announced it has signed a multiyear collaboration with SCGC to pilot the production of PLGA (polylactic-co-glycolic acid) building on the Joint Development Agreement signed in June 2023 and SCGC's long-term commitment in Avantium as a shareholder (3% stake). As part of the ag

Avantium: collaboration with Parfums Christian Dior

This morning, Avantium announced its collaboration with Parfums Christian Dior, a Maison from LVMH Group, to implement its Releaf (PEF) polymer in Dior’s packaging. This follows three years of partnership between Avantium and LVMH to develop sustainable packaging solutions, and makes Parfums Christ

Avantium: extended collaboration with SCGC

Yesterday, Avantium and SCGC announced the extension of their existing collaboration into the FDCA and PEF domains, building on their work in CO2-based polymers (Volta) and SCGC's long-term commitment in Avantium as a shareholder (3% stake). The two partners aim to accelerate market adoption of PEF

Avantium: FDCA flagship officially opens

Yesterday, Avantium officially inaugurated its FDCA flagship plant at the Chemie Park in Delfzijl (Netherlands). This is a significant step forward for the company with the FDCA flagship plant serving as a stepping stone to Avantium's overall licensing model and go-to-market. Delivered on time, Ava

Avantium: Collaboration with Royal Vezet

This morning, Avantium announced its collaboration with Royal Vezet - Europe's largest fresh food company focused on convenience vegetables, fruit, salads, and ready-to-eat meals - to implement Avantium's PEF into Albert Heijn salad bowls. This initiative builds on the successful partnership with A