reports
- Alyssa Gammoudy
- Jan Frederik Slijkerman
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
- Alyssa Gammoudy
- Jan Frederik Slijkerman
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
- Alyssa Gammoudy
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Alyssa Gammoudy
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Alyssa Gammoudy
- Hendrik Wiersma
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
- Alyssa Gammoudy
- Hendrik Wiersma
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
Coffee, Croissants & Credit/CSPP and PEPP, Banco Santander, HSBC, BAWA...
Strategy Another week of high CSPP net purchases brings monthly total to over €4.6bn Financials Banco Santander: The worst is behind us? HSBC 3Q20: Revenue pressures intensify, strong capital for now BAWAG: Risk costs still the centre of attention in 3Q20 Consumers Nestlé: New factory in Ohio (US) planned Diageo: Acquires Chase distillery Utilities BP: despite a better third quarter, 9M20 financial results remain weak
- Alyssa Gammoudy
- Hendrik Wiersma
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
- Alyssa Gammoudy
- Hendrik Wiersma
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
- Alyssa Gammoudy
Diageo/Full year results: credit metrics take a deep dive
Today Diageo (DGELN) reported its full year results or the 2019/2020 June year end. Net sales came in at £11.750m compared to £12.867m last year. This 8.7% decline is driven by the 23.6% YoY decline in the second half of the year as a result of the Covid-19 containment measures, compared to the 4% YoY growth in the first half of the FY20 (June-end). Operating profit came in at £2,137m, which reflects a 47.2% YoY decline compared to the 35% consensus number (company compiled). However, the org...
- Alyssa Gammoudy
- Hendrik Wiersma
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
Coffee, Croissants & Credit/CSPP and PEPP, Diageo and BP
Strategy Corporate purchases under PEPP fall to €7bn for June and July Consumers Diageo FY results: credit metrics take a deep dive, credit rating should be safe (for now) Utilities BP: Record losses in 1H20 but some credit friendly measures
- Alyssa Gammoudy
- Hendrik Wiersma
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
- Alyssa Gammoudy
- Hendrik Wiersma
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
- Alyssa Gammoudy
- Hendrik Wiersma
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
- Alyssa Gammoudy
- Hendrik Wiersma
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
- Alyssa Gammoudy
Beverages/In the spirit of social distance
While life in Asia is slowly returning to normal, other parts of the world are still battling Covid-19. One measure taken to contain further spreading of the virus is the closing of ‘out-of-home' venues such as bars and restaurants in several regions. Travel Retail has also been hit significantly as travelling across borders is curbed. The Food & Beverage sector will definitely feel this and we believe spirits in particular will be impacted more than other beverages. We have analysed Diageo an...
- Alyssa Gammoudy
- Hendrik Wiersma
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
- Alyssa Gammoudy
- Hendrik Wiersma
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
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