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

Tomra Systems: Regulatory tailwinds, strategic discipline - Upgrade to...

Given Tomra’s stronger fundamentals, regulatory momentum, and disciplined execution, we have updated our estimates to reflect strengthened growth outlook. This leads us to upgrade our rating from NEUTRAL to BUY. Our updated DCF model (9.0% WACC, 2% LTG), points to a PT of NOK200 (vs. old-PT at NOK1

Carbios: Chairman appointment, CEO change

This morning, Carbios announced the appointment of Isabelle Parize as Chairman and Vincent Kamel as CEO, following Philippe Pouletty's resignation. Isabelle Parize, a board member since 2022, brings leadership experience from major companies, while Vincent Kamel, with 38 years in the industry, has

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

Loop Industries: senior management changes

On Friday, Loop Industries announced a series of senior management changes. Adel Essadam has been promoted from VP of Science and Technology to COO while Giovanni Catino, previously VP of Sales, has been appointed Chief Revenue Officer. As part of these leadership changes, Fady Mansour will step do

Loop Industries Inc: 1 director

A director at Loop Industries Inc bought 149,446 shares at 1.259USD and the significance rating of the trade was 78/100. 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...

Renewable Weekly – 20 February 2025

This week, we summarise this week's most important newsflow on the companies under our coverage.

Energy Morning - 17 February 2025

Don't extrapolate too much

Tomra Systems: strong FY24 execution

This morning, Tomra Systems reported Q4 2024 results. Sales totalled EUR398m (+12% YoY vs. EUR354m in Q4 2023; +22% QoQ, vs. EUR326m in Q3 2024) on the back of strong revenues in Recycling and continued improvements in Food. This put FY24 revenue at EUR1,348m (+5% YoY vs. EUR1,288m in FY23). Adj. E

Energy Morning - 14 February 2025

Q4 first take: strong, limited weak points

Energy Morning - 11 February 2025

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

Energy Morning - 10 February 2025