reports
- Thijs Berkelder
- Usama Tariq
ODDO BHF Small & MIDCAP MORNING NEWS - Date1
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.
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
- 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
- Christophe-Raphaël Ganet
Interparfums : Feedback from the CMD: slight downward adjustment to es...
>Key takeaways: cautious guidance, less ambitious on Moncler and work to be done on enhancing the portfolio - 1/ Cautious guidance for 2025 (but the consensus too high), due to embedded effects. A good line-up for 2025: several launch initiatives are planned: Montblanc Explorer (new line), Jimmy Choo Man, Coach (2 new editions: Woman and Man), Solferino (new proprietary brand - niche perfumes / 10 lines listed in Paris for the story telling), Lacoste (extension of L12...
- Christophe-Raphaël Ganet
Interparfums : Feedback CMD : estimations légèrement abaissées
>Principaux éléments : guidance prudente, moins ambitieux sur Moncler et un travail à réaliser pour enrichir le portefeuille - 1/ Guidance 2025 prudente (mais CSS trop haut), compte tenu des effets embarqués. Bon line-up en 2025: plusieurs initiatives de lancements sont prévues : Montblanc Explorer (nouvelle ligne), Jimmy Choo Man, Coach (2 nouvelles déclinaisons : Woman et Man), Solferino (nouvelle marque propriétaire - parfums de niche / 10 lignes en référence à Par...
- Loic Morvan
Interparfums: cautious prospects for 2025
Interparfums management released cautious sales prospects for 2025 yesterday with limited growth despite the roll-out of Lacoste Original. Although we are slightly more aggressive than management, we have notched down our FY25 sales estimate from EUR960m to EUR950m. Buy reiterated with EUR54 vs EUR
- Maissa Keskes
- Stephane Houri
TEMN TEMENOS AG
LEI LEIFHEIT AG
ITP INTERPARFUMS
IPH INNATE PHARMA SA CLASS A
VOE VOESTALPINE AG
TPE PVA TEPLA AG
SIX2 SIXT SE
WIE WIENERBERGER AG
TEG TAG IMMOBILIEN AG
DLG DE'LONGHI S.P.A.
JUN3 JUNGHEINRICH AG PREF
TKWY JUST EAT TAKEAWAY.COM N.V.
BSGR B&S GROUP S.A.
AG1 AUTO1 GROUP
SPAC 468 SPAC I SE
IOS IONOS GROUP SE
R3NK RENK GROUP AG
- Maissa Keskes
- Stephane Houri
TEMN TEMENOS AG
LEI LEIFHEIT AG
ITP INTERPARFUMS
IPH INNATE PHARMA SA CLASS A
VOE VOESTALPINE AG
TPE PVA TEPLA AG
SIX2 SIXT SE
WIE WIENERBERGER AG
TEG TAG IMMOBILIEN AG
DLG DE'LONGHI S.P.A.
JUN3 JUNGHEINRICH AG PREF
TKWY JUST EAT TAKEAWAY.COM N.V.
BSGR B&S GROUP S.A.
AG1 AUTO1 GROUP
SPAC 468 SPAC I SE
IOS IONOS GROUP SE
R3NK RENK GROUP AG
- Christophe-Raphaël Ganet
Interparfums : CMD and guidance: 2024 landing confirmed, cautious 2025...
>The management guides to 2025 growth of “just” 4%e - Ahead of its CMD today, Interparfums announced:1/ The fine tuning of its 2024 guidance: i/ 2024 sales are maintained in a range of between € 880-890m), ii/ the 2024 underlying operating margin is now projected to exceed 19%e, or >€ 170m est. (vs close to 19%, i.e. € 167-170m est. previously),2/ 2025 sales between € 910m and € 930m est. (i.e. +4% at the midpoint) , vs css >€ 950m est.;3/ A 2025 operat...
- Christophe-Raphaël Ganet
Interparfums : CMD et guidances : atterrissage 2024 conforté, perspect...
>Le management guide sur une croissance 2025 de « seulement » 4%e - En amont de son CMD, qui se tiendra aujourd’hui, Interparfums communique sur :1/ Le fine tuning de sa guidance 2024 : i/ le CA 24e est maintenu à une fourchette comprise entre 880-890 M€ précédemment), ii/ la MOp. courante 2024 devrait désormais dépasser les 19%e, soit >170 M€e (vs proche de 19% ie. 167-170 M€e jusqu’ici).2/ Un CA 2025 compris entre 910 et 930 M€e (ie. +4% en milieu de fourc...
- Christophe Chaput
- Hela Zarrouk
Sixt SE : Efforts to manage residual value are continuing
>Conference call feedback: Q3 2024 results, management of residual value - During a conference call, Sixt’s management issued an update on the group’s Q3 results as well as the growth outlook. Our key takeaways:Revenues in Q3 were up 10%, benefiting from brisk demand during the summer season (Germany: +7%; Europe: +5%; US: +21%). In parallel, the group successfully grew its fleet, +9% (but at a lower level than its revenue growth) leading to an improvement in the...
- Christophe Chaput
- Hela Zarrouk
Sixt SE : Les efforts en matière de gestion de la valeur résiduelle se...
>Feedback conference call : résultats T3 24, gestion de la valeur résiduelle - Lors d’une conférence téléphonique, le management de Sixt est revenu sur les réalisations du groupe au T3 ainsi que les perspectives de croissance. Nous retenons essentiellement :Le CA au T3 ressort en progression de 10%, bénéficiant d’une demande soutenue durant la saison estivale (Allemagne : +7% ; Europe : +5% ; US : +21%). En parallèle, le groupe a réussi à augmenter sa flotte, +9%...
GenSight Biologics Announces Submission of LUMEVOQ® Dossier to ANSM to...
PARIS--(BUSINESS WIRE)-- Regulatory News: GenSight Biologics (Euronext: SIGHT, ISIN: FR0013183985, PEA-PME eligible), a biopharma company focused on developing and commercializing innovative gene therapies for retinal neurodegenerative diseases and central nervous system disorders, today announced the submission of the updated regulatory file for LUMEVOQ® gene therapy to the French medicines safety agency Agence Nationale de Sécurité du Médicament et des Produits de Santé (ANSM) to prepare for the restart of the early access (AAC) program in France. The submission documents the successful ...
GenSight Biologics annonce la soumission du dossier LUMEVOQ® à l'ANSM ...
PARIS--(BUSINESS WIRE)-- Regulatory News: GenSight Biologics (Euronext : SIGHT, ISIN : FR0013183985, éligible au PEA-PME), société biopharmaceutique spécialisée dans le développement et la commercialisation de thérapies géniques innovantes pour les maladies neurodégénératives rétiniennes et les troubles du système nerveux central, annonce aujourd'hui la soumission du dossier réglementaire actualisé pour la thérapie génique LUMEVOQ® à l'Agence Nationale de Sécurité du Médicament et des Produits de Santé (ANSM) pour préparer la reprise du programme d'accès compassionnel (AAC) en France. Le d...
ASM informs the market about ASMPT ceasing possible privatization talk...
ASM informs the market about ASMPT ceasing possible privatization talks Almere, The Netherlands November 12, 2024, 6:00 p.m. CET ASM international N.V. (Euronext Amsterdam: ASM) informs the market that ASMPT, in which ASM has a shareholding of approximately 25%, announced that it ceased discussions in relation to a possible privatization of ASMPT. ASMPT Ltd. (“ASMPT), in which ASM is a shareholder, announced on October 14, 2024, that its board had received a preliminary non-binding approach from an independent third party (the “Potential Offeror”) in relation to a possible privatiz...
- Christophe-Raphaël Ganet
- Fehmi Ben Naamane
- Marc Lavaud
TEMN TEMENOS AG
ZIL2 ELRINGKLINGER AG
UTDI UNITED INTERNET AG
ELG ELMOS SEMICONDUCTOR SE
BOSS HUGO BOSS AG
TPE PVA TEPLA AG
ERA ERAMET SA
SIX2 SIXT SE
COK CANCOM SE
KENDR KENDRION NV
TWEKA TKH GROUP N.V. CERT
NHH NH HOTEL GROUP SA
ALM ALMIRALL SA
JUN3 JUNGHEINRICH AG PREF
JEN JENOPTIK AG
SFQ SAF-HOLLAND SE
RWI RENEWI PLC
FORSE FORSEE POWER SA
- Christophe-Raphaël Ganet
- Fehmi Ben Naamane
- Marc Lavaud
TEMN TEMENOS AG
ZIL2 ELRINGKLINGER AG
UTDI UNITED INTERNET AG
ELG ELMOS SEMICONDUCTOR SE
BOSS HUGO BOSS AG
TPE PVA TEPLA AG
ERA ERAMET SA
SIX2 SIXT SE
COK CANCOM SE
KENDR KENDRION NV
TWEKA TKH GROUP N.V. CERT
NHH NH HOTEL GROUP SA
ALM ALMIRALL SA
JUN3 JUNGHEINRICH AG PREF
JEN JENOPTIK AG
SFQ SAF-HOLLAND SE
RWI RENEWI PLC
FORSE FORSEE POWER SA
- Christophe Chaput
- Hela Zarrouk
Sixt SE : Good set of Q3 results - 2024 EBT expected at the low and of...
>Q3 EBT at € 246.4m (ODDO BHF: € 262.6m; Css: € 251m); margin at 19.8% - Sixt SE has just released its Q3/9M 2024 results, which were overall in line with expectations marked by: 1/ Q3 Consolidated revenue of € 1,242.3m (2% above estimates), up +10% y-o-y (after an increase of 10.3% in H1) (ODDO BHF: € 1221.6m; consensus: € 1217m), driven by still dynamic demand in all segments and solid market prices which is reassuring, especially in North America (32% of consolidat...
- Christophe Chaput
- Hela Zarrouk
Sixt SE : Good set of Q3 results - 2024 EBT expected at the low and of...
>Q3 EBT at € 246.4m (ODDO BHF: € 262.6m; Css: € 251m); margin at 19.8% - Sixt SE has just released its Q3/9M 2024 results, which were overall in line with expectations marked by: 1/ Q3 Consolidated revenue of € 1,242.3m (2% above estimates), up +10% y-o-y (after an increase of 10.3% in H1) (ODDO BHF: € 1221.6m; consensus: € 1217m), driven by still dynamic demand in all segments and solid market prices which is reassuring, especially in North America (32% of consolidat...
EQS-News: Record summer at SIXT: Q3 revenue at an all-time high of EUR...
EQS-News: Sixt SE / Key word(s): Quarter Results Record summer at SIXT: Q3 revenue at an all-time high of EUR 1.24 billion, EBT of EUR 246 million at previous year’s level, margin of around 20% 12.11.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Record summer at SIXT: Q3 revenue at an all-time high of EUR 1.24 billion, EBT of EUR 246 million at previous year’s level, margin of around 20% Revenue at an all-time high: EUR 1.24 billion, an increase of 10% compared to Q3 2023 and around 60% compared to the last pre-Covid year...
EQS-News: Rekord-Sommer bei SIXT: Umsatz in Q3 mit 1,24 Mrd. Euro auf ...
EQS-News: Sixt SE / Schlagwort(e): Quartalsergebnis Rekord-Sommer bei SIXT: Umsatz in Q3 mit 1,24 Mrd. Euro auf Allzeit-Hoch, EBT mit 246 Mio. Euro auf Vorjahresniveau, Rendite bei rund 20% 12.11.2024 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Rekord-Sommer bei SIXT: Umsatz in Q3 mit 1,24 Mrd. Euro auf Allzeit-Hoch, EBT mit 246 Mio. Euro auf Vorjahresniveau, Rendite bei rund 20% Umsatz auf Allzeit-Hoch: 1,24 Mrd. Euro, ein Anstieg von 10% zu Q3 2023 und von rund 60% zum letzten Vor-Corona-Jahr 2019 Starke operative P...
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