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ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Avantium: (Ti)me delay. Belgian telecoms: Telenet increases price as of March. Fastned: Funding step-up, Fastned secures €200m loan. Lotus Bakeries: Preview FY25. MICC: Preview FY25. Signify: 4Q25 preview. Van Lanschot Kempen: Large AuM win in Fiduciary

Avantium N.V.: 2 directors

Two Directors at Avantium N.V. bought 14,575 shares at 5.400EUR. The significance rating of the trade was 69/100. 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 clearly ...

Robert Jan Vos
  • Robert Jan Vos
ING Helpdesk
  • ING Helpdesk

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%

ING Helpdesk
  • ING Helpdesk

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

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Ascencio: Stable update CFE: Preview; margin over volume CVC Capital Partners: Moments of Realisation D'Ieteren: Belron North American peer Boyd points to positive 3Q25 inflection point in like for like growth Fastned: 1H25 results; disappointing charging volumes, cost pressure continues Greenyard: Results of second acceptance period concerning takeover bid and launching squeeze-out

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Avantium: Breathing space. Events Calendar.

Guy Sips ... (+3)
  • Guy Sips
  • Kristof Samoy
  • Michiel Declercq

Greenyard NV: 1 director

A director at Greenyard NV bought 27,914,598 shares at 7.400EUR and the significance rating of the trade was 100/100. 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 clea...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

GBL: 1H25 preview; Greenyard: Results of initial acceptance period of voluntary and conditional takeover bid; Proximus: Weak Route Mobile results 1Q26, change in CEO; Staffing sector: Manpower 2Q25 beats; 3Q25 outlook only slightly better Coverage change Events Calendar

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

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

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Ahold Delhaize: Peer Kroger 1Q25 results. Greenyard: Bid launched. PostNL: Dutch Postal Law change ear-marked Non-Controversial – still on the agenda. Prosus: FY25 results delivered on target. Var Energi: Jotun FPSO start-up, contributes to its cash flow

Mahaut Arnaud ... (+3)
  • Mahaut Arnaud
  • Paul de Froment
  • Thomas Mordelle

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

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

ABN AMRO: NFLI reaching c.30% level in its ABN stake reduction. ABN AMRO: Relaunch of Belgium private banking using MeesPierson brand. Elia: FY25 profit outlook unchanged, minor reduction in capex. Greenyard: Disappointing 2H24/25, guidance lowered. NN Group, ASR: Parliament votes against amendment to Dutch Pension Reform

Guy Sips ... (+5)
  • Guy Sips
  • Kristof Samoy
  • Lynn Hautekeete
  • Michiel Declercq
  • Thomas Vranken
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