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
EQS-News: KION GROUP AG platziert erfolgreich Anleihe in Höhe von 500 ...
EQS-News: KION GROUP AG / Schlagwort(e): Anleihe KION GROUP AG platziert erfolgreich Anleihe in Höhe von 500 Millionen Euro (News mit Zusatzmaterial) 14.11.2024 / 10:58 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. KION GROUP AG platziert erfolgreich Anleihe in Höhe von 500 Millionen Euro Erfolgreiche Platzierung in Höhe von 500 Mio. Euro Anleihe richtet sich an institutionelle Investoren und im Zweitmarkt auch an Privatanleger Laufzeit über fünf Jahre, Kupon liegt bei 4,0 Prozent Erlöse werden zur Refinanzierung bestehender Ver...
EQS-News: KION GROUP AG successfully places a bond of € 500 million
EQS-News: KION GROUP AG / Key word(s): Bond KION GROUP AG successfully places a bond of € 500 million (news with additional features) 14.11.2024 / 10:58 CET/CEST The issuer is solely responsible for the content of this announcement. KION GROUP AG successfully places a bond of € 500 million Successful placement of € 500 million Offering to institutional and retail investors, the latter via the secondary market Term of five years, coupon of 4.0 per cent Proceeds to be used to refinance existing liabilities with maturities primarily due in 2025 Frankfurt am Main, Novembe...
- Chaima Ferrandon
- Sven Edelfelt
FGR EIFFAGE SA
ALV ALLIANZ SE
TEP TELEPERFORMANCE SE
MRK MERCK KGAA
EOAN E.ON SE
ALO ALSTOM SA
RWE RWE AG
SAN SANOFI
NEX NEXANS SA
DTE DEUTSCHE TELEKOM AG
TIT TELECOM ITALIA S.P.A.
HLAG HAPAG-LLOYD AG
SIE SIEMENS AG
ASML ASML HOLDING NV
ALG ALLEGRO.EU SA
ENR SIEMENS ENERGY AG
DSY DASSAULT SYSTEMES SA
CVC CVC CAPITAL PARTNERS PLC
- Chaima Ferrandon
- Sven Edelfelt
FGR EIFFAGE SA
ALV ALLIANZ SE
TEP TELEPERFORMANCE SE
MRK MERCK KGAA
EOAN E.ON SE
ALO ALSTOM SA
RWE RWE AG
SAN SANOFI
NEX NEXANS SA
DTE DEUTSCHE TELEKOM AG
TIT TELECOM ITALIA S.P.A.
HLAG HAPAG-LLOYD AG
SIE SIEMENS AG
ASML ASML HOLDING NV
ALG ALLEGRO.EU SA
ENR SIEMENS ENERGY AG
DSY DASSAULT SYSTEMES SA
CVC CVC CAPITAL PARTNERS PLC
- Carole Braudeau
- Carole Braudeau
- Stephane Beyazian
Telecom Italia : Q3 2024: enterprise stronger, consumer still difficul...
>Q3 2024 earnings still growing excluding forex impact - Q3 2024 group service revenues were flat y-o-y at € 3,367m, in line with expectations (ODDO BHF € 3,322m, consensus € 3,366m). Like-for-like (excluding the sale of NetCo and negative forex changes with Brazil), group service revenues are up 4.5% y-o-y driven by Brazil (+7%) and domestic Enterprise (+11%). Q3 2024 organic EBITDAaL of € 931m is 1% below expectations (ODDO BHF € 943m, consensus € 947m) but still up...
- Stephane Beyazian
Telecom Italia : Q3 2024: enterprise stronger, consumer still difficul...
>Q3 2024 earnings still growing excluding forex impact - Q3 2024 group service revenues were flat y-o-y at € 3,367m, in line with expectations (ODDO BHF € 3,322m, consensus € 3,366m). Like-for-like (excluding the sale of NetCo and negative forex changes with Brazil), group service revenues are up 4.5% y-o-y driven by Brazil (+7%) and domestic Enterprise (+11%). Q3 2024 organic EBITDAaL of € 931m is 1% below expectations (ODDO BHF € 943m, consensus € 947m) but still up...
- Stephane Beyazian
Telecom Italia : Q3 2024: enterprise stronger, consumer still difficul...
>Q3 2024 earnings still growing excluding forex impact - Q3 2024 group service revenues were flat y-o-y at € 3,367m, in line with expectations (ODDO BHF € 3,322m, consensus € 3,366m). Like-for-like (excluding the sale of NetCo and negative forex changes with Brazil), group service revenues are up 4.5% y-o-y driven by Brazil (+7%) and domestic Enterprise (+11%). Q3 2024 organic EBITDAaL of € 931m is 1% below expectations (ODDO BHF € 943m, consensus € 947m) but still up...
- Jan Frederik Slijkerman
- Jeroen van den Broek
- Jesse Norcross
- Nadège Tillier
- Timothy Rahill
- Manuel Martin
- CEFA
- CREA
GRAND CITY Properties S.A. : Q3 2024 results in line with our estimate...
>FY 2024e guidance confirmed - Grand City (GCP) reported this morning Q3 2024 figures which were in line with our estimates and confirmed its FY 2024e FFO I guidance of € 180m-190m. Net rental income grew by +2.2% y-o-y to € 105.4m which was a touch below our forecast of € 106.4m while earnings from property lettings increased slightly stronger to € 86.6m (+5.3% y-o-y), in line with our estimate of € 86.1m. FFO I of € 47.2m was basically flat y-o-y translating in...
- Delphine Brault
- Quentin Borie
Alstom : A solid H1 2024-25 marking another improvement in all of the ...
>H1 2024-25 FCF well above forecasts - Yesterday evening, Alstom published its H1 2024-25 results. Order intake was close to € 11bn (book-to-bill of 1.25x), helping the backlog to exceed € 94bn with a 30bp improvement in the associated gross margin to 17.8%. For Q2 alone, the book-to-bill was 1.67x. The group notably booked three major orders in Q2 for a total of € 5.1bn (€ 670m for a signalling contract in Australia, € 3.6bn for rolling stock and services in Germany ...
- Delphine Brault
- Quentin Borie
Alstom : Un S1 2024/25 solide, qui marque une nouvelle amélioration su...
>Un FCF S1 2024/25 bien supérieur aux attentes - Alstom a publié hier soir ses résultats S1 2024/25. Les commandes atteignent près de 11 Md€ (book-to-bill 1.25x), permettant au carnet de commandes de dépasser les 94 Md€ avec une marge brute associée qui s’améliore de 30 pb à 17.8%. Sur le seul T2, le book-to-bill est de 1.67x. Le groupe a notamment enregistré 3 grosses commandes sur le T2 pour un total de 5.1Md€ (670 M€ pour 1 contrat de signalisation en Australie, 3....
Third quarter 2024 results: 2024 L&H assumption review completed, Grou...
Third quarter 2024 results: 2024 L&H assumption review completed, Group solvency ratio of 203% Press release14 November 2024 - N° 17 Third quarter 2024 results 2024 L&H assumption review completed, Group solvency ratio of 203% Good Group underlying performance in Q3 2024, driven by: Very strong performance of P&C, with a combined ratio of 88.3% in Q3 2024 and allowing for ongoing reserving disciplinePositive underlying trend in L&H performance, with an insurance service result1 of EUR 81 million in Q3 2024 adjusted for one-offs2, or EUR -210 million on a r...
Grand City Properties S.A. announces results for 9m 2024 driven by str...
Grand City Properties S.A. (IRSH) Grand City Properties S.A. announces results for 9m 2024 driven by strong operational results 14-Nov-2024 / 06:44 CET/CEST The issuer is solely responsible for the content of this announcement. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS GRAND CITY PROPERTIES S.A. ANNOUNCES RESULTS FOR 9M 2024 DRIVEN BY STRONG OPERATIONAL RESULTS...
EQS-News: Grand City Properties S.A. announces results for 9m 2024 dri...
EQS-News: Grand City Properties S.A. / Key word(s): 9 Month figures/Quarterly / Interim Statement Grand City Properties S.A. announces results for 9m 2024 driven by strong operational results 14.11.2024 / 06:43 CET/CEST The issuer is solely responsible for the content of this announcement. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS GRAND CITY PROPERTIES...
- Felix Fischer
- Haidje Rustau
- Ian Wong
- Tanvi Arora
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