Credit Morning 01/14/2025

Suedzucker : 9M 24/25 EBITDA down by -55%|Ipsos plans to issue € 400m of new unsecured notes due 2030|

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/14/2025

ODDO BHF Small & MIDCAP MORNING NEWS – 01/14/2025

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/01/2025

Morning Crédit 14/01/2025

Suedzucker : L’EBITDA a chuté de -55% sur les 9M 24/25|Ipsos compte émettre 400 m EUR de nouvelles obligations unsecured 2030|

ODDO BHF Small & MIDCAP MORNING NEWS – 14/01/2025

ODDO : German Investment Seminar in NYC – Feedback from first day of m...

We are hosting our 27th German Investment Seminar in New York from 13 to 15 January 2025. In total, 66 companies are participating. Below, we provide some of our initial feedback on the companies, which were present on day one. Among these companies which were presented during the first day, we notably highlight a positive feedback on BASF, Fresenius Medical Care and Merck AG. We also keep our positive ratings on stocks like Commerzbank, Deutsche Telekom and Schaeffler. We maintain our underperf...

German mobile pricing deteriorating Assessing the most recent moves

Over the past few months, we have been writing on the increased signs of competitive intensity in the German mobile market. We are only nine days into the New Year and sadly there are signs of this further heating up with new moves by DT and 1&1. In this report, we review those moves in more detail and consider the potential impact on all the companies involved (DT, Vodafone, Telefonica and 1&1).

Deutsche Telekom AG - September 2024 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

EU Telecoms - M&A Outlook for 2025 The Calm Before the Storm

The sector has had one of its best years for share price performance in 2024. This is impressive, but even more so when one considers that there is limited M&A premium embedded in any share prices – indeed 2024 saw the lowest amount of M&A activity since 2016.

European Telecoms: The Year Ahead 2025 Ongoing regulatory support all...

2024 saw the best outperformance for the telecoms sector since 2013 (and the third best since 2000) and ironically this came in a year with one of the lowest announced M&A volumes. We believe this is a testament to improved perception of the underlying fundamentals.

ODDO : Conclusions du T3 2024 en France

ODDO : Conclusions of Q3 2024 in France

Deutsche Telekom AG: 1 director

A director at Deutsche Telekom AG sold 49,658 shares at 30.347EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...

Altice International (Equal Weight) Digi (Equal Weight) NOS (Neutral, ...

Digi launched in Portugal, one month ago – read our take HERE, and our update one week after the event HERE. In this report we look at how tariffs have changed one month after the launch.

Vodafone-Three UK merger approved Our Quick Take

In this Quick Take, we highlight the key points to support the deal and also what we still don't know about the deal that could impact FWA and mobile competition in the UK, and the impact on Vodafone's valuation.

Credit Morning 11/29/2024

Emeria Q3 2024 call: promises, more promises? / Q3 24: Extremely weak earnings print, leverage based on reported EBITDA up by 0.9x qoq / Kiloutou reported good results in Q3 24 and its financial position remains stable|

Morning Crédit 29/11/2024

Emeria call T3 2024 : des promesses, encore des promesses ? / Q3 24: Extremely weak earnings print, leverage based on reported EBITDA up by 0.9x qoq / Kiloutou a publié de bons résultats au T3 24 et sa situation financière reste stable|