reports
- Thijs Berkelder
- Usama Tariq
ODDO BHF Small & MIDCAP MORNING NEWS - 11/14/2024
We initiate coverage of Heijmans, a contractor focused on the Dutch market, with an Outperform rating and a TP of € 36.5 (DCF based). The Dutch residential market is finally recovering, and we believe Heijmans is well-positioned to benefit due to its land bank and property development arm, driving up revenues while EBITDA margins are expected to exceed 8.5% in the Living unit. Heijmans is also benefitting from strong demand from the infrastructure and energy markets, allowing for soli...
PBB DEUTSCHE PFANDBRIEFBANK AG
GBF BILFINGER SE
GYC GRAND CITY PROPERTIES SA
ITP INTERPARFUMS
SDF K+S AG
NEX NEXANS SA
IDIP INSTITUT DE DEVELOPPEMENT INDUSTRIEL SCA
ADN1 ADESSO AG
GNFT GENFIT SA
PAT PATRIZIA AG
SAX STROEER SE & CO. KGAA
NVG NAVIGATOR COMPANY SA
ASS APPLUS SERVICES S.A.
JST JOST WERKE AG
S92 SMA SOLAR TECHNOLOGY AG
CLA CLARANOVA SE
SRAIL STADLER RAIL AG
KTA KNAUS TABBERT
UPG UNIFIEDPOST GROUP
DEME DEME GROUP NV
AF AIR FRANCE - KLM
- Klaus Ringel
- Michael Foundoukidis
Jost-Werke AG : Full release of Q3 2024 is in line and confirmation of...
>Very weak market environment weighed on Q3 2024 results - On 11 October, Jost-Werke had already pre-released weak KPIs for its Q3 2024 and cut its FY 2024 guidance. Today’s full release of the company’s Q3 2024 is in line: Reported group sales are -16% y-o-y to € 246m (-19.9% organically), with the largest decline in North America (-30% y-o-y), followed by Europe (-17%) and APAC (-12). Looking by end-customer market, Transport sales are -20% y-o-y and Agriculture sa...
EQS-News: JOST erwirtschaftet starken Free Cashflow im 3. Quartal 2024...
EQS-News: JOST Werke SE / Schlagwort(e): Quartalsergebnis/9-Monatszahlen JOST erwirtschaftet starken Free Cashflow im 3. Quartal 2024 trotz des zyklischen Marktrückgangs und stellt wichtige strategische Weichen für das langfristige Wachstum 14.11.2024 / 08:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. JOST erwirtschaftet starken Free Cashflow im 3. Quartal 2024 trotz des zyklischen Marktrückgangs und stellt wichtige strategische Weichen für das langfristige Wachstum Zyklusbedingter Umsatzrückgang: Umsatz bei 246 Mio. EUR (Q3 2...
EQS-News: JOST generates strong free cash flow in the third quarter of...
EQS-News: JOST Werke SE / Key word(s): Quarter Results/9 Month figures JOST generates strong free cash flow in the third quarter of 2024 despite cyclical market downturn and paves the way for further strategic long-term growth 14.11.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. JOST generates strong free cash flow in the third quarter of 2024 despite cyclical market downturn and paves the way for further strategic long-term growth Cycle-driven decline in sales: sales of EUR 246 million (Q3 2023: EUR 292 million) Profitabi...
Virbac : Declaration of the number of shares and voting rights 10/2024
Virbac : Declaration of the number of shares and voting rights 10/2024 DECLARATION OF THE NUMBER OF SHARES AND VOTING RIGHTS Information on the total number of voting rights and of shares representing the share capital(Article 223-16 of the General regulations of the French Financial Market Authority – Autoritédes Marchés Financiers) Quotation place: Euronext ParisCompartiment AISIN code: FR0000031577 DateTotal number of shares representing the share capitalTotal number of voting rightsOctober, 31 20248 390 660Gross total of voting rights : 12 707 824Net total* of voting rights : 12 691 7...
- Olfa Taamallah
- Thomas Zlowodzki
- Yan Derocles
ODDO BHF Small & MIDCAP MORNING NEWS - 06/11/2024
Notre scénario central s’est concrétisé dans la nuit : Donald Trump remporte la présidentielle américaine, et le choix des électeurs ne devrait pas être contesté. Il pourrait disposer d’une majorité dans les deux assemblées. Les actions américaines en seront les premières bénéficiaires. Sur les actions européennes, les secteurs les plus gagnants seront l’Energie, les Médias, les Métaux, Construction & Materials, Financial Services, Insurance. Sont en revanche plus à risque Utilities, ...
- Olfa Taamallah
- Thomas Zlowodzki
- Yan Derocles
ODDO BHF Small & MIDCAP MORNING NEWS - 11/06/2024
Our baseline scenario materialised last night: Donald Trump seems to be on course to win the US presidential election, and the choice of the electorate is unlikely to be challenged. He could end up with a majority in both houses of Congress. US equities will be the first to benefit from this development. In European equities, the biggest winners will be Energy, Media, Metals, Construction & Materials, Financial Services and Insurance. More at risk, however, are the Utilities, Spirits,...
- Emmanuel Matot
Rubis : Official publication of Q3 2024 after Thursday's profit warnin...
>Disappointing Q3 confirmed… - Rubis published yesterday evening its Q3 2024 revenue. It came in slightly above our expectations, but the operating profit indicators were disappointing:Gross margin down slightly by 1% at Retail & Marketing (sharp contraction in unit margins partly offset by a solid rise in volumes).A 25% fall in gross margin for Support & Services (lower bitumen trading volumes).Further disappointing revenues at Photosol (€ 17m vs. € 16...
- Emmanuel Matot
Rubis : Publication officielle du T3 2024 après le profit warning de j...
>Confirmation d’un T3 décevant… - Rubis a publié hier soir son CA T3 2024. Il ressort légèrement au-dessus de nos attentes mais les indicateurs de profits opérationnels sont décevants avec :Une marge brute en légère baisse de -1% pour Retail & Marketing (forte contraction des marges unitaires partiellement compensée par une hausse solide des volumes).Une marge brute en chute de 25% pour Support & Services (diminution des volumes de négoce de bitume).Des...
RUBIS: Q3 & 9M 2024 Trading Update
RUBIS: Q3 & 9M 2024 Trading Update Paris, 5 November 2024, 5:45pm Energy Distribution: Retail & Marketing - Volume up 7% in Q3 2024, gross margin down slightly (-1%) at €190m Steady performance of LPG across the board.Solid performance of fuel in the Caribbean region on the back of a record comparable base. Jamaica and Guyana continue to deliver strong growth.Headwinds in Africa: Stronger fuel volume in East Africa. Gross margin under pressure after crude prices went down over the quarter.Bitumen activity improved thanks to the traction of South Africa. Margins declined by 10% yoy due to a...
RUBIS: Activité du T3 et des 9 mois de 2024
RUBIS: Activité du T3 et des 9 mois de 2024 Paris, le 5 novembre 2024, 17h45 Distribution d’énergies : Retail & Marketing - Volume en hausse de 7 % au T3 2024, marge brute en légère baisse (- 1 %) à 190 M€ Performance stable du GPL dans toutes les zones.Solide performance du carburant de la zone Caraïbes avec une base comparable élevée. La Jamaïque et le Guyana continuent de croître à un rythme soutenu.Vents contraires en Afrique : Croissance significative des volumes carburant en Afrique de l’Est. Marge brute sous pression en raison de la chute du cours du brut sur le trimestre.L’activité...
Rubis: Transactions carried out within the framework of the share buyb...
Rubis: Transactions carried out within the framework of the share buyback programme (excluding transactions within the liquidity agreement) – 28 October to 1st November 2024 Paris, 4 November 2024, 06:00pm Issuer Name: Rubis (LEI: 969500MGFIKUGLTC9742)Category of securities: Ordinary shares (ISIN: FR0013269123)Period: From 28 October to 1st November 2024 In accordance with the authorisation granted by the Ordinary Shareholders’ Meeting held on 11 June 2024 to implement a share buyback programme, the Company operated, between 28 October and 1st November 2024, the purchases of its own share...
Rubis: Opérations effectuées dans le cadre du programme de rachat d’ac...
Rubis: Opérations effectuées dans le cadre du programme de rachat d’actions (hors contrat de liquidité) du 28 octobre au 1er novembre 2024 Paris, le 4 novembre 2024, 18h00 Dénomination sociale de l’émetteur : Rubis (LEI : 969500MGFIKUGLTC9742)Catégorie de titres : actions ordinaires (ISIN : FR0013269123)Période : du 28 octobre au 1er novembre 2024 Conformément à l’autorisation accordée par l’Assemblée Générale Ordinaire du 11 juin 2024 de mettre en place un programme de rachat d’actions, la Société a procédé, entre le 28 octobre et le 1er novembre 2024, aux rachats d'actions en vue de leu...
- Delphine Brault
- Emmanuel Matot
- Quentin Borie
OUT1V OUTOKUMPU OYJ
LSS LECTRA SA
FAE FAES FARMA S.A.
BRNL BRUNEL INTERNATIONAL N.V.
SEFER SERGEFERRARI GROUP SA
SPIE SPIE SA
CASH PROSEGUR CASH SA
ALD ALD SA
BFSA BEFESA SA
VOS VOSSLOH AG
2CRSI 2CRSI SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
PLX PLUXEE NV
CO CASINO GUICHARD-PERRACHON
VIRI VIRIDIEN
- Delphine Brault
- Emmanuel Matot
- Quentin Borie
OUT1V OUTOKUMPU OYJ
LSS LECTRA SA
FAE FAES FARMA S.A.
BRNL BRUNEL INTERNATIONAL N.V.
SEFER SERGEFERRARI GROUP SA
SPIE SPIE SA
CASH PROSEGUR CASH SA
ALD ALD SA
BFSA BEFESA SA
VOS VOSSLOH AG
2CRSI 2CRSI SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
PLX PLUXEE NV
CO CASINO GUICHARD-PERRACHON
VIRI VIRIDIEN
- Emna Ben Bdira
- Maxime Kogge
Outokumpu : Heading for another transition quarter
>Solid Q3 in Europe, underperformance in America harder to read - Outokumpu reported a relatively strong Q3, albeit with contrasts between the business areas. Adjusted EBITDA was up 54% vs Q2 at € 86m, above the initial guidance (stable or rising EBITDA) and the consensus of € 74m, although the difference is largely due to raw material-related inventory and metal derivative gains, which are exceptional in nature. While the performance had been driven by the US until Q...
- Emna Ben Bdira
- Maxime Kogge
Outokumpu : Vers un nouveau trimestre de transition
>T3 solide en Europe, contreperformance plus difficile à lire en Amérique - Outokumpu a publié un T3 relativement solide bien que contrasté selon les divisions. L’EBITDA ajusté a grimpé de 54% vs T2 à 86 M€, au-dessus de la guidance initiale (EBITDA stable ou en hausse) et du consensus de 74 M€ même si l’écart est en grande partie dû aux ajustements de valeur sur les stocks et aux gains sur produits dérivés, par nature exceptionnels. Alors que la performance avait été...
- Emira Sagaama
- Michael B. Schäfer
SOP SOPRA STERIA GROUP SA
TFI TELEVISION FRANCAISE 1 SA
VETO VETOQUINOL SA
LSS LECTRA SA
EBRO EBRO FOODS SA
MBB MBB INDUSTRIES SE
G24 SCOUT24 AG
ELIS ELIS SA
MAREL MAREL HF.
AIXA AIXTRON SE
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
ROYAL VOPAK NV
DLG DE'LONGHI S.P.A.
FDR FLUIDRA S.A.
MELE MELEXIS NV
SPIE SPIE SA
GLPG GALAPAGOS NV
IDR INDRA SISTEMAS S.A. CLASS A
UNI UNICAJA BANCO S.A.
DUFN DUFRY AG
RUI RUBIS SCA
ALD ALD SA
BFSA BEFESA SA
VOS VOSSLOH AG
WAVE WAVESTONE SA
CLA CLARANOVA SE
ZEL PHARMA MAR SA
AML ASTON MARTIN LAGONDA GLOBAL HOLDINGS
TE TECHNIP ENERGIES NV
FPE3 FUCHS PETROLUB SE
STM STABILUS SE
FLOW FLOW TRADERS LTD
PLX PLUXEE NV
- Emira Sagaama
- Michael B. Schäfer
SOP SOPRA STERIA GROUP SA
TFI TELEVISION FRANCAISE 1 SA
VETO VETOQUINOL SA
LSS LECTRA SA
EBRO EBRO FOODS SA
MBB MBB INDUSTRIES SE
G24 SCOUT24 AG
ELIS ELIS SA
MAREL MAREL HF.
AIXA AIXTRON SE
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
ROYAL VOPAK NV
DLG DE'LONGHI S.P.A.
FDR FLUIDRA S.A.
MELE MELEXIS NV
SPIE SPIE SA
GLPG GALAPAGOS NV
IDR INDRA SISTEMAS S.A. CLASS A
UNI UNICAJA BANCO S.A.
DUFN DUFRY AG
RUI RUBIS SCA
ALD ALD SA
BFSA BEFESA SA
VOS VOSSLOH AG
WAVE WAVESTONE SA
CLA CLARANOVA SE
ZEL PHARMA MAR SA
AML ASTON MARTIN LAGONDA GLOBAL HOLDINGS
TE TECHNIP ENERGIES NV
FPE3 FUCHS PETROLUB SE
STM STABILUS SE
FLOW FLOW TRADERS LTD
PLX PLUXEE NV
- Emmanuel Matot
Rubis : Warning on 2024 EBITDA
>EBITDA target cut by 7% for 2024 - Rubis has cut its 2024 EBITDA target by surprise this morning, without waiting for the Q3 sales release next Tuesday evening. EBITDA is now forecast at € 675-725m (vs € 725-775m previously and € 798m recorded in 2023). Our forecasts were already at the bottom end of management’s initial expectations (at € 725m vs consensus = € 731m).This underperformance is explained by: 1/ the drop in oil prices, which is impacting inventory v...
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