reports
NHOA publie ses prévisions consolidées révisées
PARIS--(BUSINESS WIRE)-- Regulatory News: NHOA S.A. (EURONEXT PARIS : NHOA.PA) (« NHOA » ou la « Société ») annonce la révision à la baisse de ses objectifs consolidés de chiffre d'affaires et d'EBITDA pour 2025 ainsi que ses perspectives pour 2030, tels qu'ils figuraient dans son Document d'Enregistrement Universel 2023 (chapitre 11) et tels qu’annoncés lors du Capital Markets Day du 26 juillet 2023. Ceci fait suite à son communiqué de presse du 26 juin 2024 dans lequel la Société annonçait que ces prévisions étaient en cours de revue. Le tableau ci-dessous résume les principaux objectifs...
- Guy Sips
- Jacob Mekhael
- Kristof Samoy
- Lynn Hautekeete
- Michiel Declercq
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
Dynamic Top Pick List Update July 2024: Fagron & Xior in; Alfen & Shur...
We anticipate a continued cautious stock market over 2H24 as expectations for steep and fast interest rate cuts by central banks have proven premature as inflation remains relatively sticky, especially in the US. Also corporate profit growth in Europe slows and the French elections have cast a negative spell. The strong US consumer also has run out of cheap financing and stimulus. The upcoming elections in the US could divide the biggest economy into extreme stances and political uproar. The li...
BEKB BEKAERT SA
ABN ABN AMRO BANK NV DEPOSITARY RECEIPTS
FAGR FAGRON SA
EVS EVS BROADCAST EQUIPMENT SA
XIOR XIOR STUDENT HOUSING N.V.
SOLB SOLVAY SA
DIE D'IETEREN SA
SOF SOFINA SA
VAN VAN DE VELDE S.A.
IBAB ION BEAM APPLICATIONS SA
ACKB ACKERMANS & VAN HAAREN NV
CPINV CARE PROPERTY INVEST SA
TINC TINC COMM. VA
ARGX ARGEN-X SE
ALFEN ALFEN NV
FUR FUGRO NV
SHUR SHURGARD SELF STORAGE LIMITED
SYENS SYENSQO
- Thymen Rundberg
- Tijs Hollestelle
Alfen/Awaiting credible new targets/HOLD (previously Buy)
We cut our rating to HOLD after the material downward adjustment in 2024 guidance. Alfen has indicated that it will use 2H24 to reassess its medium term financial objectives, which we expect to be lowered. Alfen also stated that it is in constructive talks with its financiers about its bank covenants. We cut our target price to €19.00, in line with the current share price, awaiting the new medium term targets pivotal for the stock's future valuation metrics. Profitability and cash flow generatio...
McPhy Energy : Nouveau calendrier financier 2024 et publication du bil...
McPhy Energy : Nouveau calendrier financier 2024 et publication du bilan semestriel du contrat de liquidité Grenoble, le 3 juillet 2024 - 17h45 CEST – McPhy Energy, spécialiste des équipements de production et distribution d’hydrogène bas-carbone (électrolyseurs et stations de recharge), annonce aujourd’hui son nouveau calendrier financier pour 2024 et son bilan pour le 1er semestre de l’exercice 2024, au titre de son contrat de liquidité confié à Natixis ODDO BHF. Nouveau calendrier financier 2024 McPhy publiera son chiffre d’affaires du 1er semestre 2024 concomitamment aux résultats sem...
McPhy Energy: New financial agenda for 2024 and half-year report on th...
McPhy Energy: New financial agenda for 2024 and half-year report on the liquidity contract Grenoble, July 3, 2024 - 5:45 pm CEST - McPhy Energy, specialized in low-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), today reports an update on its financial calendar for 2024 and on its liquidity contract with Natixis ODDO BHF for the 1st half of 2024. New 2024 financial agenda McPhy will publish its revenue for the 1st half of 2024 concurrently with the 2024 half-year results on September 30, 20241. Half-year report on the liquidity contract As ...
ATLANTE ET LA BANQUE DES TERRITOIRES : 40 MILLIONS D'EUROS POUR ACCÉLÉ...
PARIS--(BUSINESS WIRE)-- Regulatory News: NHOA (Paris:NHOA): Atlante France et la Banque des Territoires s'associent pour créer une société commune destinée à déployer et exploiter plus de 500 points de recharge rapide pour véhicules électriques posant ainsi une nouvelle brique pour développer un réseau de recharge généraliste sur l’ensemble du territoire français. Ce projet s’inscrit dans les objectifs de l'Europe et de la France visant à atteindre la neutralité carbone d'ici 2050, en s'alignant sur des engagements forts tels que la vente généralisée notamment de véhicules électriques d...
- Guy Sips
- Hilde Van Boxstael
- Michiel Declercq
- Thibault Leneeuw
- Thomas Vranken
- Wim Lewi
- Thibault Leneeuw
Alfen Confidence break-down needs time to repair
In this note we zoom in on last week's profit warning, the financing situation and the site visit to Alfen. In the short term Alfen needs to get a waiver for their RCF, as long as that hasn't materialised, we expect limited upside. Additionally, we lower our estimates, due to the slowdown and increased costs. The market is now focussed on the short term issues and has given up on the long term energy transition potential. We adjust our valuation method to include both horizons : a multiple appr...
- ABGSC Renewable Energy Research
- Adrian Gilani
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Olof Cederholm
- Stian Wibstad
ORSTED ORSTED
HEX HEXAGON COMPOSITES ASA
NEL NEL ASA
SSO SCATEC ASA
EOLU B EOLUS VIND AB
FKRFT FJORDKRAFT HOLDING ASA
CADLR CADELER
VOLUE VOLUE AS
A2QKGG HEXAGON PURUS
AKH AKER HORIZONS
ZAP ZAPTEC
VWS VESTAS WIND SYSTEMS
TOM TOMRA SYSTEMS ASA
IWS-NO INTEGRATED WIND SOLUTIONS
OX2-SE OX2
- Oliver Metzger
- Stephan Wulf
- Oliver Metzger
- Stephan Wulf
- Mahaut Arnaud
- Paul de Froment
- Thomas Mordelle
Alfen: Managing ups and downs
Following Alfen's profit warning on Wednesday, we revise our estimates to reflect the new FY 2024 guidance as well as the ongoing medium-term targets reassessment. With significant ordering delays in Energy Storage, lower BEV ramp-up in Europe and supply-constrained Smart Grids division, the revise
- Thijs Berkelder
Alfen : Full pressure on new CFO: key is to regain investor trust
>Feedback site visit + management Q&A - No surprise probably, but main analyst focus was on the new ad-interim CFO. Yesterday - June 27, a day after the profit warning and the following collapse of the share price by around 50%, Alfen hosted a sell-side analyst tour around its newly upgraded manufacturing sites in Almere (the Netherlands) followed by a Q&A session with management including CEO Marco Roeleveld and CCO Michele Lesh, but with a special focus to get to kn...
- Mahaut Arnaud
- Paul de Froment
- Thomas Mordelle
Carbios: joint LOI with Zhink as potential licensee
This morning, Carbios announced that it has signed a joint LOI with Zhink Group - a major Chinese PET and Textile producer - with a view to building a 50Kt bio-recycling plant in China based on Carbios' enzymatic depolymerisation technology. This announcement materialises Carbios' investments in co
- Nicolas David
ODDO BHF Small & MIDCAP MORNING NEWS - 06/26/2024
Our conviction on the long-term growth potential and opportunities of generative AI is renewed. The enabler sectors (semiconductors, software and IT services) and those that provide the infrastructure (utilities, metals, capital goods and real estate) will be the primary beneficiaries, leading us to make certain target price changes. Among AI ‘user’ sectors (media, healthcare, automotive, banking and insurance, oil services, defence, aerospace and airlines), the effects will doubtless...
ATO ATOS SE
ACN ACCENTURE PLC CLASS A
INF INFOTEL SA
ASY ASSYSTEM SA
SQI SQLI SA
SWP SWORD GROUP SE
AUB AUBAY SA
ATE ALTEN SA
ACX ACERINOX SA
CAP CAPGEMINI SE
VRNL VERNEUIL PARTICIPATIONS
CTAC CTAC N.V.
TIETO TIETOEVRY OYJ
COK CANCOM SE
BC8 BECHTLE AG
ADN1 ADESSO AG
TWEKA TKH GROUP N.V. CERT
HBH HORNBACH HOLDING AG & CO. KGAA
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
REY REPLY S.P.A.
ALFEN ALFEN NV
AEIN ALLGEIER HOLDING AG
WAVE WAVESTONE SA
FQT FREQUENTIS AG WIENER
NA9 NAGARRO
EXN EXCLUSIVE NETWORKS SA
OVH OVH GROUPE
EBUS EBUSCO HLDG NV
IOS IONOS GROUP SE
- Baptiste Salaville
- Marc Lavaud
- Nicolas David
- Philippe Ourpatian
ODDO BHF Small & MIDCAP MORNING NEWS - 26/06/2024
Notre conviction sur le potentiel de croissance LT et d’opportunités de l’IA générative est renforcée. Les secteurs 'enablers' (semiconducteurs, software et IT services) et fournisseurs d’infrastructures (utilities, métaux, biens d'équipements et immobilier) en seront les premiers bénéficiaires, conduisant à certains changements d’OC. Parmi les secteurs ‘utilisateurs’ de l’IA (média, santé, automobile, banque et assurance, services pétroliers, défense, aéronautique et compagnies aérie...
ATO ATOS SE
ACN ACCENTURE PLC CLASS A
INF INFOTEL SA
ASY ASSYSTEM SA
SQI SQLI SA
SWP SWORD GROUP SE
AUB AUBAY SA
ATE ALTEN SA
ACX ACERINOX SA
CAP CAPGEMINI SE
VRNL VERNEUIL PARTICIPATIONS
CTAC CTAC N.V.
TIETO TIETOEVRY OYJ
COK CANCOM SE
BC8 BECHTLE AG
ADN1 ADESSO AG
TWEKA TKH GROUP N.V. CERT
HBH HORNBACH HOLDING AG & CO. KGAA
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
REY REPLY S.P.A.
ALFEN ALFEN NV
AEIN ALLGEIER HOLDING AG
WAVE WAVESTONE SA
FQT FREQUENTIS AG WIENER
NA9 NAGARRO
EXN EXCLUSIVE NETWORKS SA
OVH OVH GROUPE
EBUS EBUSCO HLDG NV
IOS IONOS GROUP SE
- Thijs Berkelder
Alfen : Cutting guidance for all business lines
>Revenue guidance down by 20% to around € 500m - Alfen this morning announces it lowers it 2024 guidance for revenues by c. 20% to € 485-520m (from € 590-660m), and lowers its guidance on the adjusted EBITDA margin to mid single digit (from > 11.3%). Alfen expects to be FCF negative in 2024, but improved compared to - € 27.2m in 2023.Its downward adjust guidance on all its business lines:- Energy Storage Systems: a number of large Energy Storage Systems deal...
- ING Helpdesk
Benelux Morning Notes
Alfen: Profit warning. ASR: CMD expectations, capital accumulation substantial in 2025-26. Barco: Co-CEO Charles Beauduin steps down. Belgian telecoms: Orange Belgium prepares for battle ahead of Digi arrival. D'Ieteren: PHE day feedback, ambition to double in size. Exor: Increases its stake in Philips to 17.51% Gimv: Investing in Infrastructure, optional dividend terms. Just Eat Takeaway.com: DoorDash reportedly interested in Deliveroo. SBM Offshore: Preparating for two new hull...
- Mahaut Arnaud
- Paul de Froment
- Thomas Mordelle
Alfen: Lowered FY24 outlook
This morning, Alfen has adjusted its FY24 revenue and EBITDA guidance, now eyeing EUR485-520m revenue (-19% vs previous range at EUR590-660m) with mid-single-digit adjusted EBITDA and negative FCF (vs >11.3% and positive FCF), below the consensus at EUR599m revenue with 11% EBITDA. Medium-term o
- Guy Sips
- Hilde Van Boxstael
- Jacob Mekhael
- Michiel Declercq
- Wim Lewi
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