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Bruno Cavalier ... (+3)
  • Bruno Cavalier
  • Emira Sagaama
  • Stephane Beyazian

ODDO BHF Small & MIDCAP MORNING NEWS - 09/04/2024 Date Performance dep...

Nous réitérons notre recommandation Surperformance (conviction Midcap Europe) avec un objectif de cours et des prévisions de résultats relevés. L’optimisme est de rigueur sur les perspectives d’activité, les marges offrent encore un potentiel d’amélioration, le bilan est sous-leveragé, les multiples de valorisation restent attractifs et le fondateur achète des actions. - ...

Bruno Cavalier ... (+3)
  • Bruno Cavalier
  • Emira Sagaama
  • Stephane Beyazian

ODDO BHF Small & MIDCAP MORNING NEWS - 04/09/2024 Date Performance sin...

We reiterate our Outperform recommendation on the stock (European midcap top pick). We have revised up our target price and earnings forecasts. Bright prospects ahead for revenues, still room for margin improvement, the balance sheet is underleveraged, valuation multiples remain attractive and the founder is buying shares. - ...

Konrad Zomer ... (+2)
  • Konrad Zomer
  • Stephane Beyazian

ODDO : Altice: after debt restructuring, a commercial tour de force?

>Our scenario for the restructuring of Altice France - Faced with a debt wall in 2027-2029 (€ 22bn) and already negative FCF, Altice France has opted to force the hand of its creditors by attempting to impose the restructuring of its debt. We see three scenarios: 1/ A general agreement: assuming the reinitialisation of leverage in 2024 at 3.7x and the use of the ~€ 5.4bn proceeds from divestments (Altice Media, La Poste Mobile, XP Fibre, data centres), we calcul...

Konrad Zomer ... (+2)
  • Konrad Zomer
  • Stephane Beyazian

ODDO : Altice : après le tour de force obligataire, un tour de force c...

>Notre scenario de restructuration d’Altice France - Face à son mur de dette sur 2027-2029 (22 Md€) et ses FCF déjà négatifs, Altice France a choisi de forcer la main de ses créanciers en tentant d’imposer une restructuration de sa dette. Notre équipe crédit, dans une note publiée ce matin, perçoit trois scenarios : 1/ Un accord général : en supposant une réinitialisation du levier 2024 à 3,7x et l’utilisation de ~5,4 Md€ de produits de cession (Altice Medi...

Ben Rickett
  • Ben Rickett

United Internet (Buy, €30, +42%) and 1&1 (Buy, €26, +60%) 4Q23: Approa...

United Internet and its subsidiaries reported decent results and confirmed 2024 guidance; underserving of the downward share price moves today.

 PRESS RELEASE

EQS-News: 1&1 with successful fiscal year 2023

EQS-News: 1&1 AG / Key word(s): Annual Results/Dividend 1&1 with successful fiscal year 2023 21.03.2024 / 07:29 CET/CEST The issuer is solely responsible for the content of this announcement. 1&1 with successful fiscal year 2023   Customer contracts: +480,000 to 16.26 million Revenue: + 3.4 percent to €4,097 million, thereof €3,243 million service revenues EBITDA: - 5.7 percent to €653.8 million, due to the expected and planned increase in start-up costs for the 1&1 mobile network Forecast 2024: ca. 4 % higher service revenue, ca. 10 % higher EBITDA   Montabaur, M...

 PRESS RELEASE

EQS-News: 1&1 mit erfolgreichem Geschäftsjahr 2023

EQS-News: 1&1 AG / Schlagwort(e): Jahresergebnis/Dividende 1&1 mit erfolgreichem Geschäftsjahr 2023 21.03.2024 / 07:29 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.   1&1 mit erfolgreichem Geschäftsjahr 2023   Kundenverträge: +480.000 auf 16,26 Mio. Umsatz: +3,4% auf 4,097 Mrd. EUR, davon 3,243 Mrd. EUR Service-Umsatz EBITDA: -5,7% auf 653,8 Mio. EUR infolge planmäßig erhöhter Anlaufkosten für den Bau des 1&1 Mobilfunknetzes Prognose 2024: ca. 4% höherer Service-Umsatz, ca. 10% höheres EBITDA    Montabaur, 21. März 2024 – Die...

Bruno Cavalier ... (+2)
  • Bruno Cavalier
  • Charlotte Vaisse
INFINEON INFINEON TECHNOLOGIES AG
FP TOTAL SE
AC ACCOR SA
AMS AMS AG
SGO COMPAGNIE DE SAINT-GOBAIN SA
O2D TELEFONICA DEUTSCHLAND HOLDING AG
EQNR EQUINOR ASA
PROX PROXIMUS SA DE DROIT PUBLIC
GALP GALP ENERGIA SGPS SA CLASS B
MC LVMH MOET HENNESSY LOUIS VUITTON SE
KPN ROYAL KPN NV
ORA ORANGE SA
SK SEB SA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
EN BOUYGUES SA
MUV2 MUNICH REINSURANCE COMPANY
UTDI UNITED INTERNET AG
TNET TELENET GROUP HOLDING NV
EL ESSILORLUXOTTICA SA
GAMA GAMMA COMMUNICATIONS
BRBY BURBERRY GROUP PLC
KER KERING SA
ELG ELMOS SEMICONDUCTOR SE
TPE PVA TEPLA AG
ENI ENI S.P.A.
VOW3 VOLKSWAGEN AG PREF
HEN3 HENKEL AG & CO. KGAA PREF
UCB UCB S.A.
DTE DEUTSCHE TELEKOM AG
01913 PRADA S.P.A.
REP REPSOL SA
SOI SOITEC SA
ASM ASM INTERNATIONAL N.V.
AIXA AIXTRON SE
PFV PFEIFFER VACUUM TECHNOLOGY AG
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
EVK EVONIK INDUSTRIES AG
MONC MONCLER SPA
WAF SILTRONIC AG
MELE MELEXIS NV
TIT TELECOM ITALIA S.P.A.
PRY PRYSMIAN S.P.A.
SMHN SUESS MICROTEC AG
CFR COMPAGNIE FINANCIERE RICHEMONT SA
CLNX CELLNEX TELECOM S.A.
FNTN FREENET AG
VACN VAT GROUP AG
XFAB X-FAB SILICON FOUNDRIES SE
ASML ASML HOLDING NV
BP. BP P.L.C.
VOD VODAFONE GROUP PLC
STM STMICROELECTRONICS NV
OBEL ORANGE BELGIUM SA
TEF TELEFONICA SA
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
NFN NFON AG
DRI 1&1 DRILLISCH AG
RMV RIGHTMOVE PLC
ALKAL KALRAY SA
JEN JENOPTIK AG
ANE CORPORACION ACCIONA ENERGIAS RENOVABLES SA
DTG DAIMLER TRUCK
SHEL SHELL PLC
ARM ARM HOLDINGS PLC
Bruno Cavalier ... (+2)
  • Bruno Cavalier
  • Charlotte Vaisse
INFINEON INFINEON TECHNOLOGIES AG
FP TOTAL SE
AC ACCOR SA
AMS AMS AG
SGO COMPAGNIE DE SAINT-GOBAIN SA
O2D TELEFONICA DEUTSCHLAND HOLDING AG
EQNR EQUINOR ASA
PROX PROXIMUS SA DE DROIT PUBLIC
GALP GALP ENERGIA SGPS SA CLASS B
MC LVMH MOET HENNESSY LOUIS VUITTON SE
KPN ROYAL KPN NV
ORA ORANGE SA
SK SEB SA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
EN BOUYGUES SA
MUV2 MUNICH REINSURANCE COMPANY
UTDI UNITED INTERNET AG
TNET TELENET GROUP HOLDING NV
EL ESSILORLUXOTTICA SA
GAMA GAMMA COMMUNICATIONS
BRBY BURBERRY GROUP PLC
KER KERING SA
ELG ELMOS SEMICONDUCTOR SE
TPE PVA TEPLA AG
ENI ENI S.P.A.
VOW3 VOLKSWAGEN AG PREF
HEN3 HENKEL AG & CO. KGAA PREF
UCB UCB S.A.
DTE DEUTSCHE TELEKOM AG
01913 PRADA S.P.A.
REP REPSOL SA
SOI SOITEC SA
ASM ASM INTERNATIONAL N.V.
AIXA AIXTRON SE
PFV PFEIFFER VACUUM TECHNOLOGY AG
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
EVK EVONIK INDUSTRIES AG
MONC MONCLER SPA
WAF SILTRONIC AG
MELE MELEXIS NV
TIT TELECOM ITALIA S.P.A.
PRY PRYSMIAN S.P.A.
SMHN SUESS MICROTEC AG
CFR COMPAGNIE FINANCIERE RICHEMONT SA
CLNX CELLNEX TELECOM S.A.
FNTN FREENET AG
VACN VAT GROUP AG
XFAB X-FAB SILICON FOUNDRIES SE
ASML ASML HOLDING NV
BP. BP P.L.C.
VOD VODAFONE GROUP PLC
STM STMICROELECTRONICS NV
OBEL ORANGE BELGIUM SA
TEF TELEFONICA SA
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
NFN NFON AG
DRI 1&1 DRILLISCH AG
RMV RIGHTMOVE PLC
ALKAL KALRAY SA
JEN JENOPTIK AG
ANE CORPORACION ACCIONA ENERGIAS RENOVABLES SA
DTG DAIMLER TRUCK
SHEL SHELL PLC
ARM ARM HOLDINGS PLC
Konrad Zomer ... (+2)
  • Konrad Zomer
  • Stephane Beyazian

ODDO : Germany: DTE, Freenet and 1&1 set to be the winners again in 20...

>Clients: Freenet inTV, Deutsche Telekom in broadband and 1&1 in mobile - In broadband, Deutsche Telekom added 66,000 clients in Q4 2023 vs Vodafone -94,000, O2D +23,000 and 1&1e -10,000 by our estimates. Deutsche Telekom continues its fibre roll-out (2-3 million new lines per year). Telefonica and 1&1 hope for better trends in the future but we see no visible signs. Freenet, which launched its offering in 2023, underlines the difficulty of building a brand on this ma...

Konrad Zomer ... (+2)
  • Konrad Zomer
  • Stephane Beyazian

ODDO : Allemagne : DTE, Freenet et 1&1 encore gagnants en 2024

>Clients : Freenet #1 (TV), Telekom #2 (internet) et 1&1 #3 (mobile) - Sur l’internet fixe, Deutsche Telekom a ajouté 66 000 clients au T4 2023 vs Vodafone -94 000, O2D +23 000, et 1&1e -10 000 selon nous. Telekom poursuit le déploiement de la fibre (2-3 M de lignes nouvelles par an). Telefonica et 1&1 espèrent de meilleures tendances à venir mais nous ne voyons pas de signe visible. Freenet, qui a lancé son offre en 2023, souligne la difficulté de construire une mar...

 PRESS RELEASE

EQS-News: 1&1 AG: Expert assessment by Professor Di Fabio, former just...

EQS-News: 1&1 AG / Key word(s): Study 1&1 AG: Expert assessment by Professor Di Fabio, former justice on the Federal Constitutional Court, determines: Frequency extension without consideration of the fourth network operator would be uncon 21.02.2024 / 06:14 CET/CEST The issuer is solely responsible for the content of this announcement. Expert assessment by Professor Di Fabio, former justice on the Federal Constitutional Court, determines: Frequency extension without consideration of the fourth network operator would be unconstitutional Montabaur, 21 February 2024. The la...

 PRESS RELEASE

EQS-News: 1&1 AG - Gutachten des ehemaligen Bundesverfassungsrichters ...

EQS-News: 1&1 AG / Schlagwort(e): Studie 1&1 AG - Gutachten des ehemaligen Bundesverfassungsrichters Prof. Di Fabio zeigt: Frequenzverlängerung ohne Berücksichtigung des vierten Netzbetreibers wäre verfassungswidrig 21.02.2024 / 06:14 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Gutachten des ehemaligen Bundesverfassungsrichters Prof. Di Fabio zeigt: Frequenzverlängerung ohne Berücksichtigung des vierten Netzbetreibers wäre verfassungswidrig Montabaur, 21. Februar 2024. Nach dem Wegfall von E-Plus in 2014 hat Deutschland mit dem S...

 PRESS RELEASE

EQS-News: Study on the frequency situation on the German mobile commun...

EQS-News: 1&1 AG / Key word(s): Study results/Miscellaneous Study on the frequency situation on the German mobile communications market shows: Adequate spectrum for the operation of four networks remains available 17.01.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Study on the frequency situation on the German mobile communications market shows: Adequate spectrum for the operation of four networks remains available A European comparison reveals that subsequent to the dissolution of E-Plus Deutsche Telekom, Vodafone and Tele...

 PRESS RELEASE

EQS-News: Studie zur Frequenzsituation im deutschen Mobilfunkmarkt zei...

EQS-News: 1&1 AG / Schlagwort(e): Studienergebnisse/Sonstiges Studie zur Frequenzsituation im deutschen Mobilfunkmarkt zeigt: Es gibt nach wie vor genügend Funkspektrum für den Betrieb von vier Netzen 17.01.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Studie zur Frequenzsituation im deutschen Mobilfunkmarkt zeigt:Es gibt nach wie vor genügend Funkspektrum für den Betrieb von vier Netzen Deutsche Telekom, Vodafone und Telefónica verfügen nach dem Wegfall von E-Plus über überdurchschnittlich große Frequenzportfolios im ...

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