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Jacob Berg Nielsen
  • Jacob Berg Nielsen
ABGSC Construct. & Real Estate Research ... (+2)
  • ABGSC Construct. & Real Estate Research
  • Peter Sehested

Good Q1 prompts EBIT revision of 16%

Sales and EBIT forecasts raised by 6% and 15%. Surprise uptake in industrial sales in CEE region. TP raised to DKK 2,700: HOLD.

 PRESS RELEASE

ROCKWOOL upgrades expected sales growth and earnings margin for full-y...

ROCKWOOL upgrades expected sales growth and earnings margin for full-year 2024 Company announcementfor ROCKWOOL A/S   Release no. 21 – 2024to Nasdaq Copenhagen 3 May 2024 ROCKWOOL upgrades expected sales growth and earnings margin for full-year 2024 Based on preliminary reporting, ROCKWOOL increases the expected growth in sales and EBIT margin for 2024 as follows: Net sales is increased to a growth of around mid-single-digit percent in local currencies from our previous guidance of sales at roughly the same level as in 2023. EBIT margin is increased to around 15 percent from the previ...

 PRESS RELEASE

Okeanis Eco Tankers Corp. – Announcement of 2024 Annual Meeting of Sha...

Okeanis Eco Tankers Corp. – Announcement of 2024 Annual Meeting of Shareholders ATHENS, Greece, May 02, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), announced today that it has scheduled its Annual Meeting of Shareholders for May 31, 2024, at 11:00 a.m. Greek time (the “Annual Meeting”). The record date for determining shareholders entitled to participate at the Annual Meeting is April 26, 2024. The business of the Annual Meeting is to elect seven directors to serve until the 2025 Annual Meeting of Shareholders and to ratify the appoint...

 PRESS RELEASE

Awilco Drilling Plc: Keppel denied leave to appeal the ruling of the A...

Awilco Drilling Plc: Keppel denied leave to appeal the ruling of the AR2 arbitration tribunal Further to the stock exchange releases of 23 November 2023 and 15 January 2024 from Awilco Drilling PLC ("Awilco Drilling") regarding the termination of the newbuilding contract between Awilco Rig 2 Pte. Ltd. ("AR2") and Keppel FELS Limited ("KFELS") for the construction of a semi-submersible drilling rig, hull number B382. The Company has today received the decision of the High Court refusing Keppel’s application for leave to appeal the award of the AR2 arbitration tribunal. The award is in AR2's...

 PRESS RELEASE

ROCKWOOL A/S – transactions in connection with share buy-back programm...

ROCKWOOL A/S – transactions in connection with share buy-back programme Company announcementfor ROCKWOOL A/SRelease no. 20 – 2024to Nasdaq Copenhagen         1 May 2024 ROCKWOOL A/S – transactions in connection with share buy-back programme As mentioned in announcement no. 02/2024, ROCKWOOL A/S has initiated a share buy-back programme which will run from 8 February 2024 until 7 February 2025. During this period, the Company will buy own shares for up to a maximum of 160 MEUR. The programme is implemented in accordance with EU Commission Regulation No 596/2014 of 16 April 2014 and EU Com...

 PRESS RELEASE

Okeanis Eco Tankers Corp. – Announcement of Availability of 2023 Annua...

Okeanis Eco Tankers Corp. – Announcement of Availability of 2023 Annual Report on Form 20-F ATHENS, Greece, April 30, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (the “Annual Report”) has been filed with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report may be downloaded from the SEC’s website () and is also available under the Investor Relations section (Financial Reports and Webcasts) of the Company’s website (). H...

ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad

Renewable Weekly – 29 April 2024

This week, we summarise our Q1 previews for the sector.

Simen Aas
  • Simen Aas

Boozt (Hold, TP: SEK135.00) - Spring/summer sales out of fashion

Q1 earnings missed consensus by 13%, reflecting a weak start to spring/summer sales; however, Boozt reiterated its full-year revenue and EBIT margin guidance. That said, uncertainty is still high (reflected in the wide guidance range), with Nordic consumer confidence still subdued. We reiterate our HOLD but have cut our target price to SEK135 (140) on our lower estimates.

ABGSC Retail Research ... (+3)
  • ABGSC Retail Research
  • Benjamin Wahlstedt
  • Fredrik Ivarsson

Ready for spring

Softer top line as campaign goods are scarce. We raise '25e-'26e adj. EBIT by 1-2%. Share trading at 15x '24e EV/EBIT, we reiterate BUY.

Simen Aas
  • Simen Aas

Boozt (Hold, TP: SEK140.00) - Soft start to 2024

We consider this a weak report for Boozt, including Q1 figures slightly below consensus and a very weak FCF. We expect consensus 2024e adj. EBIT to come down c1–3% on the weaker than expected figures and a negative share price reaction.

ABGSC Retail Research ... (+3)
  • ABGSC Retail Research
  • Benjamin Wahlstedt
  • Fredrik Ivarsson
 PRESS RELEASE

ROCKWOOL A/S – transaktioner i henhold til aktietilbagekøbsprogram

ROCKWOOL A/S – transaktioner i henhold til aktietilbagekøbsprogram Selskabsmeddelelsefor ROCKWOOL A/SMeddelelse nr. 19 – 2024til Nasdaq Copenhagen         24. april 2024 ROCKWOOL A/S – transaktioner i henhold til aktietilbagekøbsprogram Som meddelt i selskabsmeddelelse nr. 02/2024 har ROCKWOOL A/S iværksat et aktietilbagekøbsprogram, som løber i perioden fra og med 8. februar 2024 og til og med den 7. februar 2025. I denne periode vil Selskabet købe egne aktier for op til maksimalt 160 mio. euro. Tilbagekøbsprogrammet gennemføres i henhold til EU-Kommissionens forordning nr. 596/2014 af...

 PRESS RELEASE

ROCKWOOL A/S – transactions in connection with share buy-back programm...

ROCKWOOL A/S – transactions in connection with share buy-back programme Company announcementfor ROCKWOOL A/SRelease no. 19 – 2024to Nasdaq Copenhagen         24 April 2024 ROCKWOOL A/S – transactions in connection with share buy-back programme As mentioned in announcement no. 02/2024, ROCKWOOL A/S has initiated a share buy-back programme which will run from 8 February 2024 until 7 February 2025. During this period, the Company will buy own shares for up to a maximum of 160 MEUR. The programme is implemented in accordance with EU Commission Regulation No 596/2014 of 16 April 2014 and EU ...

 PRESS RELEASE

ROCKWOOL A/S – transactions in connection with share buy-back programm...

ROCKWOOL A/S – transactions in connection with share buy-back programme Company announcementfor ROCKWOOL A/SRelease no. 18 – 2024to Nasdaq Copenhagen         17 April 2024 ROCKWOOL A/S – transactions in connection with share buy-back programme As mentioned in announcement no. 02/2024, ROCKWOOL A/S has initiated a share buy-back programme which will run from 8 February 2024 until 7 February 2025. During this period, the Company will buy own shares for up to a maximum of 160 MEUR. The programme is implemented in accordance with EU Commission Regulation No 596/2014 of 16 April 2014 and EU ...

 PRESS RELEASE

Restricted Share Unit Programs

Restricted Share Unit Programs Company announcementfor ROCKWOOL A/SRelease no. 17 - 2024to Nasdaq Copenhagen 10 April 2024 Restricted Share Unit Programs The ROCKWOOL A/S Board of Directors has today, in accordance with the remuneration policy approved at the Annual General Meeting 10 April 2024, decided to allocate Restricted Share Units, including phantom units, (“RSUs”) to a group of up to 85 key employees in leading positions, including Group Management (the “Participants”). The scheme is designed to align the interest of the Participants to those of our shareholders, and to give the...

 PRESS RELEASE

Program for betingede aktier

Program for betingede aktier Selskabsmeddelelsefor ROCKWOOL A/SMeddelelse nr. 17 - 2024til Nasdaq Copenhagen 10. april 2024 Program for betingede aktier Bestyrelsen i ROCKWOOL A/S har i dag, i overensstemmelse med vederlagspolitikken, der blev godkendt på den ordinære generalforsamling den 10. april 2024, besluttet at tildele Restricted Share Units, inklusiv fantom units (”RSUer”) til en gruppe på op til 85 medarbejdere bestående af Koncernledelsen og udvalgte ledende nøglemedarbejdere (”Deltagerne”). Formålet med programmet er at ensrette Deltagernes interesser med selskabets akti...

 PRESS RELEASE

Minutes of Annual General Meeting 2024

Minutes of Annual General Meeting 2024 Company announcementfor ROCKWOOL A/SRelease no. 16 - 2024to Nasdaq Copenhagen         10 April 2024 Minutes of Annual General Meeting 2024 The annual general meeting of ROCKWOOL A/S was held on 10 April 2024 at 3:00 p.m. at Roskilde Kongrescenter, Denmark. At the general meeting, the board of directors’ report for the financial year of 2023 was noted, the annual report for 2023 was approved and the management and the board of directors were discharged from liability. Furthermore, the remuneration report for 2023 was approved. The general meeting a...

 PRESS RELEASE

ROCKWOOL A/S – transactions in connection with share buy-back programm...

ROCKWOOL A/S – transactions in connection with share buy-back programme Company announcementfor ROCKWOOL A/SRelease no. 15 – 2024to Nasdaq Copenhagen         10 April 2024 ROCKWOOL A/S – transactions in connection with share buy-back programme As mentioned in announcement no. 02/2024, ROCKWOOL A/S has initiated a share buy-back programme which will run from 8 February 2024 until 7 February 2025. During this period, the Company will buy own shares for up to a maximum of 160 MEUR. The programme is implemented in accordance with EU Commission Regulation No 596/2014 of 16 April 2014 and EU ...

Ole Martin Westgaard
  • Ole Martin Westgaard

Elmera Group (Sell, TP: NOK21.00) - Watts up

We expect the Q1 results to be in line with consensus, reflecting improvements in Nordic and New Growth Initiatives (NGI), while we expect Consumer and Business to be flat YOY. While Elmera Group’s results seem to have stabilised and the risk of significant churn has been reduced, we continue to find the valuation stretched. We reiterate our SELL, but have raised our target price to NOK21 (20) on positive estimate revisions.

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