reports
- FIMA Research
Fima Daily Insight 31 May 2024
Please find enclosed our daily market report.Market CommentCroatia Valamar signs EUR 130 mil club loan agreement Croatia's retail sales volume up real 8.6% YoY in April Croatia raises 2024 GDP growth forecast to 3.5% Slovenia Slovenia's jobless rate stays unchanged at 3.3% in April Slovenia's retail sales fall 1.0% m/m in April Romania Romgaz seeks to borrow EUR 150 mil from Banca Transilvania and EUR 100 mil from UniCredit Finance ministry raises RON 651 mil from banks on May...
EQS-News: EVN AG: Business development in the first half of 2023/24
EQS-News: EVN AG / Key word(s): Half Year Results EVN AG: Business development in the first half of 2023/24 29.05.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Highlights Sound operating business development based on Strategy 2030 and diversified business model Continuing high volatility on the energy markets Very good wind and water flows for electricity generation Installed photovoltaic capacity doubles to approximately 80 MWp Two wind parks currently under construction: Sigless-Pöttelsdorf (8.4 MW; repowering), Paasd...
EQS-News: EVN AG: Geschäftsverlauf im ersten Halbjahr des Geschäftsjah...
EQS-News: EVN AG / Schlagwort(e): Halbjahresergebnis EVN AG: Geschäftsverlauf im ersten Halbjahr des Geschäftsjahres 2023/24 29.05.2024 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Highlights Robuste operative Geschäftsentwicklung dank Strategie 2030 und diversifiziertem Geschäftsmodell Anhaltend hohe Volatilität auf den Energiemärkten Sehr gutes Wind- und Wasserdargebot für die Stromerzeugung Verdopplung der installierten Photovoltaikkapazitäten auf rund 80 MWp Zwei Windparks in Bau: Sigleß-Pöttelsdorf (8,4 MW; Repowe...
EQS-News: STRABAG SE Trading Statement Q1-2024: Anhaltend hoher Auftra...
EQS-News: STRABAG SE / Schlagwort(e): Quartalsergebnis STRABAG SE Trading Statement Q1-2024: Anhaltend hoher Auftragsbestand als solide Grundlage für weiteren Jahresverlauf 29.05.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. STRABAG SE Trading Statement Q1-2024: Anhaltend hoher Auftragsbestand als solide Grundlage für weiteren Jahresverlauf Leichtes Leistungsplus von 2 % Auftragsbestand im Jahresvergleich stabil, gegenüber Jahresende 2023 um 5 % auf € 24,6 Mrd. ausgebaut Ausblick 2024 bestätigt: Leistung rd. € 19,4 Mr...
EQS-News: STRABAG SE Trading Statement Q1/2024: Continued high order b...
EQS-News: STRABAG SE / Key word(s): Quarter Results STRABAG SE Trading Statement Q1/2024: Continued high order backlog as solid basis for rest of year 29.05.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. STRABAG SE Trading Statement Q1/2024: Continued high order backlog as solid basis for rest of year Slight output growth of 2% Order backlog stable year-on-year, plus of 5% to € 24.6 billion compared to year-end 2023 Outlook for 2024 confirmed: output volume around € 19.4 billion, EBIT margin ≥ 4% ...
- Research Team
WOOD Daily: ALE PW; THYAO TI; CCOLA TI; TUPRS TI; LOGO TI; CPS PW; CAR...
HEADLINES: • Allegro: 1Q24 strong, as expected, guidance for GMV acceleration in 2Q24E POSITIVE • Turkish Airlines: 1Q24 – revenue up, but EBITDA down yoy, as ex-fuel CASK up in mid-single digits, but RASK down 6% yoy NEUTRAL • Coca-Cola Icecek: strong operating results in 1Q24 POSITIVE • Tupras: 1Q24 results – weak results, on maintenance NEGATIVE • Logo Yazilim: 1Q24 results – on track POSITIVE • Cyfrowy Polsat: 1Q24 results review – adjusted EBITDA +1% yoy, 2% above our estimate POSITIVE • In...
PKN POLSKI KONCERN NAFTOWY ORLEN S.A.
LOGO LOGO YAZILIM SANAYI VE TICARET A.S.
CCOLA COCA-COLA ICECEK A.S.
CAR INTER CARS S.A.
THYAO TURK HAVA YOLLARI A.O.
TUPRS TURKIYE PETROL RAFINERILERI A.S.
CPS CYFROWY POLSAT SA
TPE TAURON POLSKA ENERGIA S.A.
OTOEL AUTOHELLAS S.A.
ALG ALLEGRO.EU SA
GPP GRUPA PRACUJ DA
- Research Team
WOOD Daily: JAHEZ AB; ILRA CZ; FROTO TI; TOASO TI; APR PW; CAI AV; WPL...
HEADLINES: • Jahez: shifting up a gear (upgraded to BUY) • Ilirija d.d.: on track for another solid summer season (NOT RATED) • Ford Otosan: 1Q24 results – operating margin evolution as expected NEUTRAL • Tofas: 1Q24 results – operating performance as expected NEUTRAL • Auto Partner: 1Q24 results in line with the prelims; 34% yoy increase in logistics costs is the major concern NEUTRAL • CA Immo: 1Q24 – rents up 6% yoy lfl, more sales above book, pre-tax FFO I of EUR 26m NEUTRAL • Wirtualna Pols...
EQS-News: VERBUND successfully places new EUR 500 million Green Bond i...
EQS-News: VERBUND AG / Key word(s): Bond/Issue of Debt VERBUND successfully places new EUR 500 million Green Bond including biodiversity 21.05.2024 / 11:00 CET/CEST The issuer is solely responsible for the content of this announcement. VERBUND AG, Austria's leading utility company, has taken another step in its long-standing green finance strategy and successfully issued a green bond including biodiversity. The green bond including biodiversity for EUR 500 million with a term of 7 years was extremely well received by the investor community in a competitive environment and...
EQS-News: VERBUND platziert erfolgreich neuen Green Bond inklusive Bio...
EQS-News: VERBUND AG / Schlagwort(e): Anleihe/Anleiheemission VERBUND platziert erfolgreich neuen Green Bond inklusive Biodiversität in Höhe von 500 Mio. Euro 21.05.2024 / 11:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Die VERBUND AG, Österreichs führendes Energieunternehmen, hat einen weiteren Schritt in der langjährig erfolgreichen Green Finance Strategie gesetzt und erfolgreich eine grüne Anleihe inklusive Biodiversität begeben. Die grüne Anleihe inklusive Biodiversität in Höhe von EUR 500 Mio. mit einer Laufzeit von 7 Jahre...
- Research Team
WOOD Daily: PZU PW; WPL PW; PPC GA; HSBK LI; CEZ CP; KMGZ KZ; GPP PW; ...
HEADLINES: • PZU: posts solid 1Q24, confirming growth trends in the non-life segment; strategy from new management update due in 4Q24E NEUTRAL • Wirtualna Polska: 1Q24 results review – adjusted EBITDA up 11% yoy, 3% above the consensus POSITIVE • Public Power Corporation: 1Q24 EBITDA jumps, but bottom line disappoints NEGATIVE • Halyk Bank: 1Q24 highlights and notes from the conference call NEUTRAL • CEZ: proposes CZK 52 DPS from the 2023 earnings NEUTRAL • KazMunayGas: Board recommends KZT 491....
Palfinger AG: 2 directors
Two Directors at Palfinger AG bought 1,462 shares at between 21.666EUR and 23.550EUR. The significance rating of the trade was 52/100. 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 la...
- Michael B. Schäfer
ODDO BHF Small & MIDCAP MORNING NEWS - 05/17/2024
Growth momentum remains solid, and the publication of Q1 sales bodes well for the future (12.5% organic growth, including 27% for Aerospace). Margins are set to pick up in 2024 (by an estimated 110bp), with the underlying operating profit expected to jump 33%. With good visibility for Aerospace, medium-term potential for Automotive and profitable growth for Medical, we estimate the potential for margin improvement at no less than 500bp in the medium term. We are raising our underlying...
DBG DERICHEBOURG SA
ALCAR CARMAT SA
TPE PVA TEPLA AG
NEX NEXANS SA
ERG ERG S.P.A.
WIE WIENERBERGER AG
GREEN GREENYARD NV
FCC FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A.
NVG NAVIGATOR COMPANY SA
COL INMOBILIARIA COLONIAL SOCIMI SA
SIFG SIF HOLDING NV
TMV TEAMVIEWER AG
VK VALLOUREC SA
FPE3 FUCHS PETROLUB SE
- Michael B. Schäfer
ODDO BHF Small & MIDCAP MORNING NEWS - 17/05/2024
La dynamique de croissance reste solide et la publication du CA T1 est de bon augure (croissance organique de 12.5% dont 27% pour l’Aerospace). 2024 devrait voir un redressement des marges (+110 pb estimés) pour un ROC attendu en hausse de 33%. A l’appui d’une bonne visibilité pour l’aéronautique, d’un potentiel MT pour l’automobile et d’une croissance profitable pour le Médical, nous estimons le potentiel d’amélioration des marges à au moins 500 pb à MT. Nous relevons nos estimations...
DBG DERICHEBOURG SA
ALCAR CARMAT SA
TPE PVA TEPLA AG
NEX NEXANS SA
ERG ERG S.P.A.
WIE WIENERBERGER AG
GREEN GREENYARD NV
FCC FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A.
NVG NAVIGATOR COMPANY SA
COL INMOBILIARIA COLONIAL SOCIMI SA
SIFG SIF HOLDING NV
TMV TEAMVIEWER AG
VK VALLOUREC SA
FPE3 FUCHS PETROLUB SE
- Chaima Ferrandon
- Sven Edelfelt
Wienerberger : Only a rebound is possible
>Q1 EBITDA down, but above our forecasts thanks to cost savings - Wienerberger reported Q1 2024 sales down at € 952m (volumes -12/13%, scope 4/5%, prices stable) and underlying EBITDA of € 115m. Q1 EBITDA was down 45% but 8% above our forecasts at € 106m. The EBITDA decline is due to the downturn in activity in Q1 2024 and non-recurring items (fall in capacity in Q1 2024 and revaluation of inventories in 2023). The only positive surprise is that savings on fixed cost...
- Research Team
WOOD Daily: CGEO LN; ELPE GA; GPW PW; BOCH CY; ALPHA GA; EUROB GA; BFT...
HEADLINES: • Georgia Capital: announces two new buyback programmes POSITIVE • HELLENiQ Energy: 1Q24 results – mildly above expectations POSITIVE • Warsaw Stock Exchange: bottom-line miss and further margin compression in the 1Q24 results NEGATIVE • Bank of Cyprus: 1Q24 highlights POSITIVE • Alpha Services and Holdings: 1Q24 highlights – trading-related beat, but NIM and fees evolve better than expected • Eurobank Ergasias Services: 1Q24 highlights – helped by trading income, but good quarter ove...
KRKG KRKA D.D.
MTELEKOM MAGYAR TELEKOM TELECOMMUNICATIONS
PKN POLSKI KONCERN NAFTOWY ORLEN S.A.
LOGO LOGO YAZILIM SANAYI VE TICARET A.S.
BFT BENEFIT SYSTEMS S.A. ALLOTMENT
ALPHA ALPHA BANK AE
MBR MO-BRUK S.A.
GPW WARSAW STOCK EXCHANGE
11B 11 BIT STUDIOS S.A.
BANK OF CYPRUS PCL
CGEO GEORGIA CAPITAL
CZG CESKA ZBROJOVKA GROUP
4IG 4IG NYRT
AROBS AROBS TRANSILVANIA SOFTWARE SA
ELPE HELLENIQ ENERGY
- Chaima Ferrandon
- Sven Edelfelt
Wienerberger : On ne peut que rebondir
>EBITDA T1 en baisse mais supérieur à nos attentes grâce aux économies de coûts - Wienerberger a publié un CA T1 2024 en baisse à 952 M€ (volumes -12/13%, scope 4/5%, prix stables) et un EBITDA courant de 115 M€. L’EBITDA T1 ressort en baisse de 45% mais 8% au-dessus de nos attentes à 106 M€. La baisse de l’EBITDA est due à la baisse d’activité au T1 2024 et à des éléments non-récurrents (baisse des capacités au T1 24 et réévaluation des stocks en 2023). Seule bonne s...
- Ahmed Ben Salem
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/16/2024
We have tactically downgraded the energy sector from Overweight to Neutral (excl. oil services on which we are maintaining our Overweight rating) and dropped Shell Plc from our Large Caps list. The IEA report has accelerated the downswing for the energy sector, which could continue in the days ahead. June will be a better month to come back to the sector. - ...
UBI UBISOFT ENTERTAINMENT SA
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
AAL ANGLO AMERICAN PLC
GBF BILFINGER SE
ALV ALLIANZ SE
KBC KBC GROUP N.V.
CPG COMPASS GROUP PLC
BRBY BURBERRY GROUP PLC
RF EURAZEO SA
VOE VOESTALPINE AG
EOAN E.ON SE
ENI ENI S.P.A.
RWE RWE AG
EZJ EASYJET PLC
DTE DEUTSCHE TELEKOM AG
TLX TALANX AG
REP REPSOL SA
HLAG HAPAG-LLOYD AG
AD KONINKLIJKE AHOLD DELHAIZE N.V.
SIE SIEMENS AG
BP. BP P.L.C.
SHEL SHELL PLC
AGN AEGON N.V.
SYENS SYENSQO
- Ahmed Ben Salem
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/05/2024
Nous dégradons tactiquement à Neutre le secteur de l’énergie (hors Services Pétroliers sur lesquels nous conservons une opinion Surperformance) et faisons sortir Shell plc de notre liste Large Caps. Le rapport AIE a accéléré la baisse du secteur énergie, qui pourrait se poursuivre dans les jours qui viennent. Juin sera un meilleur mois pour revenir sur le secteur. - ...
UBI UBISOFT ENTERTAINMENT SA
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
AAL ANGLO AMERICAN PLC
GBF BILFINGER SE
ALV ALLIANZ SE
KBC KBC GROUP N.V.
CPG COMPASS GROUP PLC
BRBY BURBERRY GROUP PLC
RF EURAZEO SA
VOE VOESTALPINE AG
EOAN E.ON SE
ENI ENI S.P.A.
RWE RWE AG
EZJ EASYJET PLC
DTE DEUTSCHE TELEKOM AG
TLX TALANX AG
REP REPSOL SA
HLAG HAPAG-LLOYD AG
AD KONINKLIJKE AHOLD DELHAIZE N.V.
SIE SIEMENS AG
BP. BP P.L.C.
SHEL SHELL PLC
AGN AEGON N.V.
SYENS SYENSQO
- Emna Ben Bdira
- Maxime Kogge
voestalpine : On track for a decent Q4 despite one-offs; still unfavou...
>On track for a robust Q4 despite high one-offs - voestalpine is due to publish its Q4 2023-24 results on 5 June (closing 31 March). Despite a sluggish European backdrop, we think the quarter should post robust activity driven by favourable seasonality and resilient end-markets (energy, rail systems and, to a lesser extent, automotive). We are forecasting EBITDA of € 361m, down 2% on Q4 which puts us 4% below the below the Visible Alpha consensus of.€ 373m. Excluding ...
EQS-News: Flughafen Wien AG Reports a Positive First Quarter of 2024: ...
EQS-News: Flughafen Wien AG / Key word(s): Quarterly / Interim Statement Flughafen Wien AG Reports a Positive First Quarter of 2024: Increase in passenger traffic, revenue and earnings 16.05.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Flughafen Wien AG Reports a Positive First Quarter of 2024: Increase in passenger traffic, revenue and earnings Strong passenger growth in Q1/2024: 7.6 million passengers in the Flughafen Wien Group (+13.8%) Financial performance indicators in Q1/2024: Revenue up 16.6% to € 210.3 milli...
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