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Nicolas David
  • Nicolas David

Atos : Accord de restructuration financière avec les créanciers

>Accord de restructuration financière avec les créanciers - Atos a annoncé dimanche soir avoir trouvé un accord avec un groupe de banques et de porteurs d’obligations de la société sur les principaux termes d’un plan de restructuration financière.Cet accord prévoit la préservation de l’ensemble du périmètre du Groupe, sous réserve de la finalisation des discussions en cours (i) avec l’Etat pour la vente des activités d’Advanced Computing, de Mission-Critical Syst...

Guy Sips ... (+6)
  • Guy Sips
  • Hilde Van Boxstael
  • Michiel Declercq
  • Thibault Leneeuw
  • Thomas Vranken
  • Wim Lewi
Thibault Leneeuw
  • Thibault Leneeuw

Alfen Confidence break-down needs time to repair

In this note we zoom in on last week's profit warning, the financing situation and the site visit to Alfen. In the short term Alfen needs to get a waiver for their RCF, as long as that hasn't materialised, we expect limited upside. Additionally, we lower our estimates, due to the slowdown and increased costs. The market is now focussed on the short term issues and has given up on the long term energy transition potential. We adjust our valuation method to include both horizons : a multiple appr...

 PRESS RELEASE

Sword Group: Acquisitions in the UK

Sword Group: Acquisitions in the UK The Group is making strategic acquisitions of 2 companies in ScotlandIACS, a CyberSecurity specialist based in AberdeenAAA, an Aberdeen-based company specialising in Artificial Intelligence IACS, is a micro-company based in Aberdeen and specialising in the digital security of industrial process control networks. It has developed expertise applicable to all the sectors covered by Sword to date in terms of CyberSecurity. The company’s revenue trend is €2.9 M per year and its EBITDA margin is 20%. The organic growth rate for IACS, once integra...

 PRESS RELEASE

Sword Group : Acquisitions en Grande-Bretagne

Sword Group : Acquisitions en Grande-Bretagne Le Groupe procède à l’acquisition stratégique de 2 sociétés en Ecosse IACS, un spécialiste de la CyberSécurité basé à Aberdeen AAA, une société basée à Aberdeen spécialisée dans l’Intelligence Artificielle IACS, est une microsociété basée à Aberdeen et spécialisée dans la sécurité numérique des réseaux de contrôle des processus industriels. Elle a développé des savoir-faire applicables à tous les secteurs couverts par Sword à ce jour en termes de CyberSécurité. La tendance de chiffre d’affaires de cette société est de 2,9 M€ par...

ABGSC IT Research ... (+2)
  • ABGSC IT Research
  • Øystein Elton Lodgaard

Time to let go of the past

We forecast Q2 adj. EBITA of EUR 76m, 4% below cons ensus. A spin-off/sale of Tech Services would lift org. growth by 3pp. BUY: NTM P/E of 8.6x, close to all-time-low.

 PRESS RELEASE

Market Update - June 30, 2024

Market Update - June 30, 2024 Press release Market update Agreement reached on financial restructuring terms between the Company and a group of banks and bondholders Significant milestone towards reaching a final restructuring agreement by July Main terms of Atos’ financial restructuring plan: Contribution of €233 million by way of a capital increase with preferential subscription right, €75 million of which is backstopped by the bondholders participating to the new financings (described below) in cash and €100 million is backstopped by the Participating Creditors...

 PRESS RELEASE

Point de marché - 30 juin 2024

Point de marché - 30 juin 2024 Communiqué de presse Point de marché Accord sur les termes de la restructuration financière entre la Société et un groupe de banques et de porteurs d’obligations Une étape importante vers la conclusion d'un accord de restructuration final en juillet Principaux termes du plan de restructuration financière d’Atos : Apport de 233 millions d’euros par le biais d’une augmentation de capital avec maintien du droit préférentiel de souscription garantie à hauteur de 75 millions d’euros par les porteurs d’obligations participants aux nouveaux ...

 PRESS RELEASE

Capgemini SE : Déclaration des transactions sur actions propres réalis...

Capgemini SE : Déclaration des transactions sur actions propres réalisées du 20 au 26 juin 2024 CAPGEMINISociété Européenne au capital de 1 380 864 904 euros Siège social : 11, rue de Tilsitt Paris (17ème)330 703 844 RCS Paris Paris, le 28 juin 2024. Déclaration des transactions sur actions propres réalisées du 20 juin au 26 juin 2024   Nom de l'émetteur Code Identifiant de l'émetteur Jour de la transaction Code identifiant de l'instrument financier Volume total journalier (en nombre d'actions)Prix pondéré moyen journalier d'acquisition des actions  Mar...

 PRESS RELEASE

EQS-News: Nagarro SE: Die Hauptversammlung von Nagarro am 27. Juni 202...

EQS-News: Nagarro SE / Schlagwort(e): Hauptversammlung Nagarro SE: Die Hauptversammlung von Nagarro am 27. Juni 2024 verabschiedet alle Beschlüsse und bestellt KPMG zum Abschlussprüfer 28.06.2024 / 13:29 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. 28. Juni 2024 - Nagarro, ein weltweit führendes Unternehmen für Digital Engineering, hat am 27. Juni 2024 seine ordentliche Hauptversammlung in München abgehalten. Die Aktionärinnen und Aktionäre haben am gestrigen Tag mit großer Mehrheit alle Beschlussvorschläge des Aufsichtsrats und d...

 PRESS RELEASE

EQS-News: Nagarro SE: Nagarro’s Annual General Meeting of June 27, 202...

EQS-News: Nagarro SE / Key word(s): AGM/EGM Nagarro SE: Nagarro’s Annual General Meeting of June 27, 2024, passes all resolutions and appoints KPMG as auditor 28.06.2024 / 13:29 CET/CEST The issuer is solely responsible for the content of this announcement. June 28, 2024 - Nagarro, a global leader in digital engineering, held its Annual General Meeting in Munich on June 27, 2024. The shareholders approved all resolutions proposed by the Supervisory Board and the Management Board at yesterday’s Annual General Meeting by a vast majority, including the appointment of KPMG A...

Carole Braudeau
  • Carole Braudeau

Credit Morning 06/28/2024

Grifols: some Spanish banks are reportedly refusing to refinance to loan granted to Scranton (El Confidencial)>...

Carole Braudeau
  • Carole Braudeau

Morning Crédit 28/06/2024

Grifols : des banques espagnoles refuseraient de refinancer un prêt accordé à Scranton (El Confidencial)>...

Mahaut Arnaud ... (+3)
  • Mahaut Arnaud
  • Paul de Froment
  • Thomas Mordelle

Alfen: Managing ups and downs

Following Alfen's profit warning on Wednesday, we revise our estimates to reflect the new FY 2024 guidance as well as the ongoing medium-term targets reassessment. With significant ordering delays in Energy Storage, lower BEV ramp-up in Europe and supply-constrained Smart Grids division, the revise

Research Department
  • Research Department

INFORME DIARIO 28 JUNIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: GRIFOLS, INDRA, OHLA, REDEIA. El Ibex pierde los 11.000 puntos A excepción del DAX que terminó subiendo, jornada de caídas superiores al -0,7% para los antiguos (España-Italia) y nuevos periféricos (Francia) en la Eurozona. Así, en el STOXX 600 Inmobiliario y Media presentaron las mayores ganancias frente a Retail y Autos que fueron los que más cayeron. Por el lado macro, en España las ventas al por menor de mayo moderaron su ritmo de avance más de ...

Thijs Berkelder
  • Thijs Berkelder

Alfen : Full pressure on new CFO: key is to regain investor trust

>Feedback site visit + management Q&A - No surprise probably, but main analyst focus was on the new ad-interim CFO. Yesterday - June 27, a day after the profit warning and the following collapse of the share price by around 50%, Alfen hosted a sell-side analyst tour around its newly upgraded manufacturing sites in Almere (the Netherlands) followed by a Q&A session with management including CEO Marco Roeleveld and CCO Michele Lesh, but with a special focus to get to kn...

Research Department
  • Research Department

IBERIAN DAILY 28 JUNE (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: GRIFOLS, INDRA, OHLA, REDEIA. The Ibex falls below 11,000 points With the exception of the DAX that rose in the end, in the euro zone the old (Spain, Italy) an new (France) peripheral countries fell >-0.7%. Thus, in the STOXX 600 Real Estate and Media saw the biggest gains vs. Retail and Automobiles that were the worst performers. On the macro side, in the euro zone, July’s economic confidence index fell unexpectedly. In the US, the final 1Q’24 GDP was raised slightly to 1.4% Q/...

 PRESS RELEASE

Atos - Resignation of Mr. David Layani and Ms. Helen Lee-Bouygues from...

Atos - Resignation of Mr. David Layani and Ms. Helen Lee-Bouygues from the BoD Press Release Market Update Resignation of Mr. David Layani and Ms. Helen Lee-Bouyguesfrom the Board of Directors Paris, France - June 27, 2024 – Atos SE (“Atos” or the “Company”) has been informed by Mr. David Layani and Ms. Helen Lee Bouygues of their resignation from the Board of Directors with immediate effect with a view to Onepoint's intention to withdraw from the Company’s share capital. *** Disclaimer This document contains forward-looking statements that involve risks and uncertainties...

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