Allfunds Group PLC: Ready to Spring forward. Basic-Fit: 1H25 ahead of INGF, membership ingrowth, outlook reiterated, FCF a bit light. Lotus Bakeries: Preview 1H25. NN Group & ASR: Dutch Pension Reform not an issue at 29 October Dutch elections. Philips: 2Q25 results, much lower tariff impact. Proximus: New BICS CEO and Global CRO laid off. Vastned: Good results, EPRA EPS guidance up by 2.5%. Zabka: 2Q25 Preview
Basic-Fit reports 1H25 revenue in line with CSS but misses -5.6% on underlying EBITDA less rent due to higher than expected personnel costs. Personnel costs increased 43% YoY of which 25% is related to opening clubs 24/7. The membership growth is in line with 2Q24 (+40k) and slightly below CSS of +50k despite the management confirming it sees the expected in-growth in the 24/7 clubs. Overheads incl. marketing (11.0%) are ahead of CSS and guidance (11.5-12.%). The full year guidance is reiterated...
Belgian Telecoms: Orange Belgium and Proximus MoU on Fiber deployment and increased access to gigabit networks in Wallonia. Cofinimmo: Bottom line outperforming outlook. Elia: Solid start to the year, but with some help from accounting. Heijmans: Another leg up! Proximus: Better Domestic cannot hide Proximus Global double accident, MoU an incremental negative. Signify: 2Q25 Results, better growth, lower margins. WDP: No surprises, 2025 and 2027 targets reiterated. Events Calendar
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