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Pierre FerraguÊ ... (+2)
  • Pierre FerraguÊ
  • Rolf Bulk

Besi 2025 CMD: Our key takeaways

We attended the Besi 2025 Capital Markets Day on Thursday. Click on the link below for our key takeaways from the event.

Emira Sagaama ... (+3)
  • Emira Sagaama
  • Jeremy Garnier
  • Martial Descoutures
ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Belgian telecoms: Orange Belgium's new B2B offensive. BE Semiconductor Industries: Investor Day highlights. Proximus: Sale of Be-Mobile, asset disposals upped from ‘>€500m' to ‘up to €600m'. UCB: To invest in a new US manufacturing site

Martin Marandon-Carlhian ... (+2)
  • Martin Marandon-Carlhian
  • Stephane Houri
Wim Lewi
  • Wim Lewi

Dollar Weakness The impact on our Benelux Coverage

In general, a weaker USD has a negative impact on Benelux stocks, particularly for companies with significant exports to the US. In this note we selected a list of companies with high US export exposure and we examine the potential impact on FY25 earninings. On top of the weak dollar, rising trade tensions or the introduction of tariffs further harm Benelux exporters. As the dollar depreciates against the euro, European goods become costlier for American consumers. At the same time, revenues ear...

Martin Marandon-Carlhian ... (+2)
  • Martin Marandon-Carlhian
  • Stephane Houri
ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

BE Semiconductor Industries: Targets upgraded ahead of Investor Day. KPN: VodafoneZiggo to use Delta fibre network over 600k footprint where it has none

Guy Sips ... (+6)
  • Guy Sips
  • Hilde Van Boxstael
  • Jacob Mekhael
  • Thibault Leneeuw
  • Thomas Vranken
  • Wim Lewi
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