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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 – 8 May 2024

This week, we look at key takeaways from GWEC's 2024 Global Wind Report.

ABGSC Renewable Energy Research ... (+3)
  • ABGSC Renewable Energy Research
  • Ali Shemmari
  • Petter Nystrøm

Powering up

Q1 demonstrated strength, more favourable market dynamics. Another beat in Q2e, we are 8% ahead on adj EBIT. Multiple expansion to continue: Still ~30% upside to TP: BUY

Gerardo Ibanez ... (+2)
  • Gerardo Ibanez
  • Steven Boumans

ODDO BHF Small & MIDCAP MORNING NEWS - 05/08/2024 Date Performance sin...

Unifiedpost is a niche SaaS player in the e-invoicing and procurement channel space. Regulatory headwinds mean this market is ripe for growth, which should benefit Unifiedpost. Due to some unsuccessful past M&A, the company is in a challenging financial position today. However, it has recently embarked on a divestment path, aiming to streamline the business and improve its fundamentals. We like the new direction, however prefer to take a wait-and-see approach. - ...

Gerardo Ibanez ... (+2)
  • Gerardo Ibanez
  • Steven Boumans

ODDO BHF Small & MIDCAP MORNING NEWS - 08/05/2024 Date Performance dep...

Unifiedpost is a niche SaaS player in the e-invoicing and procurement channel space. Regulatory headwinds mean this market is ripe for growth, which should benefit Unifiedpost. Due to some unsuccessful past M&A, the company is in a challenging financial position today. However, it has recently embarked on a divestment path, aiming to streamline the business and improve its fundamentals. We like the new direction, however prefer to take a wait-and-see approach. - ...

Thijs Berkelder
  • Thijs Berkelder

Euronav : Still full in transition

>Ex disposals, Q1 results roughly in-line with expectations - Revenues in 24Q1 have fallen to $ 240.4m, down from $ 340m in 23Q1. Net revenues (after voyage expense) in 24Q1 have fallen to $ 203.5m (AAOB $ 197.9m) from $ 305.1m in 23Q1.EBITDA is reported at $ 550.5m but excluding disposal gain of $ 407.6m amounts to $ 142.9m (BB consensus $ 150m), down from $ 258.5m in 23Q1Net profit in 24Q1 has jumped to $ 495.0m (AAOB $ 492.6m) primarily thanks to the $ 40...

ABGSC Oil & Oil Services Research ... (+3)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
  • Martin Mauseth
ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

AB InBev: Busy BEES. Ahold Delhaize: Small beat, comforting confirmation of 2024 guidance. AMG: 1Q24 better than expected, FY guidance intact, strategic projects on schedule. Bekaert: Soft start to the year with 7% sales miss, FY guidance maintained. Euronav: Transformation at full speed. Marel: Another lacklustre quarter. Montea: 2025 guidance raised, valuations moving into positive territory. SBM Offshore: In-line Q1 trading update. Sif Group: Preview - normal quarter e...

Hilde Van Boxstael ... (+8)
  • Hilde Van Boxstael
  • Jacob Mekhael
  • Kristof Samoy
  • Michiel Declercq
  • Sharad Kumar S.P
  • Thomas Vranken
  • Wim Hoste
  • Wim Lewi

Morning Notes : ABI BB, AD NA, BEKB BB, EURN BB, GBLB BB, MONT BB, SOL...

: ABI BB, AD NA, BEKB BB, EURN BB, GBLB BB, MONT BB, SOLB BB, MAAT FP

 PRESS RELEASE

DNO Reports Strong First Quarter Results, Steps Up North Sea Activity

DNO Reports Strong First Quarter Results, Steps Up North Sea Activity Oslo, 8 May 2024 – DNO ASA, the Norwegian oil and gas operator, today reported first quarter 2024 operating profit of USD 61 million, 61 percent higher than the previous quarter, on the back of revenues totaling USD 183 million. Free cash flow at USD 44 million was up 31 percent from the fourth quarter of 2023. Net production climbed 14 percent quarter-on-quarter and averaged 74,800 barrels of oil equivalent per day (boepd) in the first three months of 2024, to which the Kurdistan region of Iraq contributed 57,200 boep...

 PRESS RELEASE

Key Information Relating to Cash Dividend

Key Information Relating to Cash Dividend Oslo, 8 May 2024 - DNO ASA, the Norwegian oil and gas operator, today announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2023, the Board of Directors has approved a dividend payment of NOK 0.25 per share to be made on or about 28 May 2024 to all shareholders of record as of 21 May 2024. DNO shares will be traded ex-dividend as of 16 May 2024. Dividend amount: NOK 0.25 per shareDeclared currency: NOKLast day including right: 15 May 2024Ex-date: 16 May 2024Record date: 21 May 2024Payment date: 28 May 202...

 PRESS RELEASE

DNO Acquires Portfolio of Producing Assets Boosting Position in Norne ...

DNO Acquires Portfolio of Producing Assets Boosting Position in Norne Area Offshore Norway Oslo, 8 May 2024 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s wholly-owned subsidiary DNO Norge AS has entered into an agreement to acquire stakes in five oil and gas fields in the Norne area in the Norwegian Sea from Vår Energi ASA. The transaction creates a new core area for DNO in the North Sea as DNO will hold interests in all producing and under development fields in the greater Norne area, including the Norne hub.  The transaction includes an interest in fo...

 PRESS RELEASE

Lerøy Seafood Group ASA: Invitation to presentation of results for Q1 ...

Lerøy Seafood Group ASA: Invitation to presentation of results for Q1 2024 Lerøy Seafood Group ASA will present its results for Q1 2024 on 15 May at Continental Hotel, Stortingsgata 24/26 in Oslo at 08:00 CET. The presentation will be held in Norwegian followed by a Q&A session. Delicious seafood will be served from 07:45 CET. You may alternatively follow the Norwegian presentation and submit questions through a live broadcast available on  . The quarterly report and presentation will be published at 06:30 CET.A recording of the presentation in English will be available from 12:00 CET ...

 PRESS RELEASE

Lerøy Seafood Group ASA: Invitasjon til presentasjon av resultater for...

Lerøy Seafood Group ASA: Invitasjon til presentasjon av resultater for 1. kvartal 2024 Lerøy Seafood Group ASA presenterer resultater for 1. kvartal 2024 den 15. mai på Continental Hotel, Stortingsgata 24/26, Oslo klokken 08:00. Det vil være mulig å stille spørsmål etter presentasjonen. Det blir servering av smakfull sjømatbuffet fra klokken 07:45. Presentasjonen vil også kunne følges som webcast på /no/investor/ hvor det også vil være adgang til å stille spørsmål. Kvartalsrapporten og presentasjonen vil bli offentliggjort kl. 06.30 samme dag.Et opptak av presentasjon på engelsk vil væ...

Luuk Van Beek
  • Luuk Van Beek

Euronav - Continuing its transformation in Q1

Q1 results roughly in line with expectationsProposes USD 1.15 dividend for Q1, moves to fully discretionary policyEstimates will be reviewed to reflect recent trends in various end markets

Steffen Evjen
  • Steffen Evjen

Valuation update

In this note, we show updated valuation statistics for the E&P sector.

 PRESS RELEASE

Lerøy Seafood Group ASA: Notice of General Shareholders' Meeting

Lerøy Seafood Group ASA: Notice of General Shareholders' Meeting The General Shareholders’ Meeting of Lerøy Seafood Group ASA will be held on 28 May 2024 at 10.00 a.m. CET as an online meeting. The meeting notice is enclosed. All underlying documentation and user guide for the online meeting is available at  This information is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.   Attachment

 PRESS RELEASE

Lerøy Seafood Group ASA: Innkalling til ordinær generalforsamling

Lerøy Seafood Group ASA: Innkalling til ordinær generalforsamling Ordinær generalforsamling i Lerøy Seafood Group ASA avholdes 28. mai 2024 klokken 10.00 som online møte.  Innkallingen med dagsorden til generalforsamlingen er vedlagt. Samtlige vedlegg til innkallingen og brukerveiledning for online møtet er tilgjengelig på Lerøy sin hjemmeside  Disse opplysningene er informasjonspliktige etter verdipapirhandelloven § 5-12.     Vedlegg

Jørgen Lian
  • Jørgen Lian

Dorian LPG (Hold, TP: USD43.00) - Solid outlook, but fair valuation

Solid US fundamentals with inventories c14% above the 5-year average have kept rates above USD50k/day, and with an outlook for a slowdown in VLGC deliveries, we see strong earnings potential for 2024. Hence, we see upside potential to the USD1.0 ‘irregular’ quarterly DPS and calculate a c14% run-rate earnings yield for the next four quarters on today’s FFAs and 1-year TC rates. Despite a solid market outlook, we find the valuation fair at a P/NAV of 1.15x. We reiterate our HOLD but have raised o...

 PRESS RELEASE

Invitation to DNO Q1 2024 Earnings Call

Invitation to DNO Q1 2024 Earnings Call Oslo, 6 May 2024 – DNO ASA, the Norwegian oil and gas operator, will publish its Q1 2024 operating and interim financial results on 8 May at 07:00 (CET). A videoconference call with executive management will follow at 12:30 (CET). Please visit for login details ahead of the call. – For further information, please contact:Media:  Investors:  – DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore an...

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