Sage Group : A good compounder with additional re-rating potential

Sage has established itself as Europe's leading provider of ERP software for SMEs, with an offering now focused on the cloud. After several years of transformation, the group now has a structured SaaS model, a unified product portfolio and a solid financial profile. This, coupled with solid growth in cloud ERP for SMEs and the rise of new technologies such as AI, offers good visibility on the outlook for revenue growth (2025-2028e CAGR of 8.5%) and EBIT (2025-2028e CAGR of c.12%). Moreover, the...

Sage Group : Un bon « compounder » avec un potentiel de rerating suppl...

Sage s’est imposé comme le leader européen des logiciels ERP pour les PME, avec une offre désormais centrée sur le cloud. Après plusieurs années de transformation, le groupe dispose aujourd’hui d’un modèle SaaS structuré, d’un portefeuille produits unifié et d’un profil financier solide. Ceci, couplé à la solide croissance du cloud ERP auprès des PME et à la montée en puissance des nouvelles technologies telles que l’IA, offre une bonne visibilité sur les perspectives de croissance de revenus (T...

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 07/11/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 11/07/2025

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: CMA CGM, Cirsa, Ineos, Ineos Quattro, TalkTalk, Picard, Telecom Italia, Air France-KLM

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 07/02/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 02/07/2025

Alfen : CEO to retire for health reasons

Benelux Morning Notes

Alfen: CEO intends to retire early. D'Ieteren: Belgian June car registrations down 16%, VW down only 5%, good mix. Euronext: Bearing gifts to Greeks. JDE Peet's: Instant Decaf

Morning Notes : MELE BB, TINC BB, VGPb BB, ALFEN NA, ARGp FP, JDEP NA

: MELE BB, TINC BB, VGPb BB, ALFEN NA, ARGp FP, JDEP NA

Alfen: CEO Marco Roeleveld to retire early

Yesterday, Alfen announced that CEO Marco Roeleveld will retire by year-end for medical reasons. Marco Roeleveld has been a key figure since 1997 and led Alfen’s IPO in 2018. The board has begun the search for his successor. This announcement comes after CCO Michelle Lesh stepped down in March 2025

Alfen Early retirement CEO

Alfen announced last evening that its CEO, Marco Roeleveld, will retire by the end of the year due to health reasons. Roeleveld, who led Alfen through its 2018 IPO and significant growth, emphasized that the decision, though difficult, is necessary to focus on his recovery. The Supervisory Board has initiated the search for a successor and expressed confidence in a smooth leadership transition. Alfen enters a transition phase where the appointment of a new CEO and the definition of a refreshed s...

Eutelsat: EUR1.35bn raise and step towards becoming a strategic French...

Eutelsat has announced a EUR1.35bn equity raise, including a EUR716m reserved capital increase at EUR4/share and a EUR634m rights issue, underwritten by the French State, Bharti, CMA CGM, and FSP. The capital raise is not unexpected, given prior rumours and Eutelsat's financing needs. The higher su

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Intrum, Nimlas, TeamSystem, Altice France (SFR), Almaviva, Urbaser, Telecom Italia, Paprec Group, Selecta, Cirsa, Vedanta Resources, Cheplapharm, Kem One

Utilities and offshore wind supply chain sector/Mind the gaps

In this report we present our view on the long-term growth prospects for offshore wind in Europe, implications of the energy transition and the role of TSOs, such as Elia Group. We also focus on supply chain beneficiaries in our Benelux coverage. An increasing number of long-term framework contracts should provide improved risk-rewards to the supply chain, in our view. Furthermore, we take a deep dive into growth drivers and long-term financing for Elia Group, beyond the company's current financ...

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Loewen Play, TeamSystem, Eircom, United Group, Telecom Italia, Cheplapharm, Virgin Media O2, Tata Motors, Benteler International, Lottomatica (formerly Gamenet), Crown Holdings

Credit Morning 06/16/2025

Renault: Luca de Meo to step down as CEO|

Morning Crédit 16/06/2025

Luca de Meo (Renault) devrait devenir CEO de Kering|

Coffee, Croissants & Credit/Telefonica, BT

S&P constructive on Telefonica, Telefonica sells another daughter company. BT's CEO shares how she wants to improve BT's performance

IBERIAN DAILY 16 JUNE (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AEDAS HOMES, CAIXABANK, CHANGES IBEX, ELECTRICITY SECTOR, NEINOR HOMES, TELEFÓNICA. Geopolitical tensions in the Middle East halt stock market gains The trade agreement between the US and China, and the solid inflation data in the US, were overshadowed by the increased geopolitical tensions between Iran and Israel. In the STOXX 600, the best-performing sectors and the only ones in positive territory were Energy, Utilities and Pharma, with Financial Services and Telecoms falling th...