reports
- ING Helpdesk
Benelux Morning Notes
Belgian Telecoms: DIGI Belgium CEO Interview: ‘We are running a marathon, not a sprint' IBA: IBA to install a Rhodotron in East China. Ontex: Another quarter, another profit warning. Theon International: Backlog visibility indeed. Xior: 2026 outlook positive but with no major surprise. Events Calendar
- Reg Watson
- CFA
Unilever/We're taking the MICC out of our forecasts/HOLD (previously B...
With the demerger of the Magnum Ice Cream Company (MICC) from Unilever, we have taken the MICC out of our forecasts for Unilever and lowered our consumer price inflation expectations for 2026 to a normalised level. The net result is that our EPS forecast for 2026F declines by 24% to €2.77, which is 11.2% below Bloomberg consensus estimates. Based on peer PER multiples for 2026F, we lower our 12-month target price from €58.90 to €52 and change our recommendation from Buy to HOLD as we believe tha...
Unilever Plc: 1 director
A director at Unilever Plc bought 1,610 shares at 4,466p and the significance rating of the trade was 58/100. 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 last two years clearly show...
- Oliver Metzger
- Thomas Zlowodzki
- Wim Gille
FME FRESENIUS MEDICAL CARE AG
EDEN EDENRED SA
DBK DEUTSCHE BANK AG
ULVR UNILEVER PLC
MMK MAYR-MELNHOF KARTON AG
PHIA KONINKLIJKE PHILIPS N.V.
GEBN GEBERIT AG
NXT NEXT PLC
RY4C RYANAIR HOLDINGS PLC
NEM NEMETSCHEK SE
ARCAD ARCADIS NV
EVK EVONIK INDUSTRIES AG
COLO B COLOPLAST A/S CLASS B
SNP PETROM S.A.
BP. BP P.L.C.
BIM BIOMERIEUX SA
TEF TELEFONICA SA
BNTX BIONTECH SE
AMRZ AMRIZE AG
AAL ANGLO AMERICAN PLC
- Oliver Metzger
- Thomas Zlowodzki
- Wim Gille
FME FRESENIUS MEDICAL CARE AG
EDEN EDENRED SA
DBK DEUTSCHE BANK AG
ULVR UNILEVER PLC
MMK MAYR-MELNHOF KARTON AG
PHIA KONINKLIJKE PHILIPS N.V.
GEBN GEBERIT AG
NXT NEXT PLC
RY4C RYANAIR HOLDINGS PLC
NEM NEMETSCHEK SE
ARCAD ARCADIS NV
EVK EVONIK INDUSTRIES AG
COLO B COLOPLAST A/S CLASS B
SNP PETROM S.A.
BP. BP P.L.C.
BIM BIOMERIEUX SA
TEF TELEFONICA SA
BNTX BIONTECH SE
AMRZ AMRIZE AG
AAL ANGLO AMERICAN PLC
- Pierre Tegner
- Pierre Tegner
- Pierre Tegner
- Pierre Tegner
- ING Helpdesk
Benelux Morning Notes
Aalberts: 3Q in line, FY margin now low end of guidance. Acomo: Going from strength to strength. Ahold Delhaize: New $860m distribution centre for Food Lion. Azelis: Weak 3Q25 as broadly expected, CFO to step down. Barco: Press release ahead of CMD. BE Semiconductor Industries: 3Q25 Results – Delivered on order intake. Econocom: 3Q25 organic growth down to c.3.4%, full year growth guidance confirmed. Heineken: EverGreen 2030. Kinepolis: Weak 3Q25 as expected, with Netherlands at ...
- Chaima Ferrandon
- Sven Edelfelt
HEIA HEINEKEN NV
EDEN EDENRED SA
IPN IPSEN SA
ENGI ENGIE SA.
BNP BNP PARIBAS SA CLASS A
ADS ADIDAS AG
FGR EIFFAGE SA
ULVR UNILEVER PLC
GLE SOCIETE GENERALE S.A. CLASS A
KBC KBC GROUP N.V.
OR L'OREAL SA
RAND RANDSTAD NV
GRF GRIFOLS S.A. CLASS A
ANA ACCIONA SA
GRF.P GRIFOLS S.A. PREF CLASS B
AKZA AKZO NOBEL N.V.
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
ANE CORPORACION ACCIONA ENERGIAS RENOVABLES SA
- Chaima Ferrandon
- Sven Edelfelt
HEIA HEINEKEN NV
EDEN EDENRED SA
IPN IPSEN SA
ENGI ENGIE SA.
BNP BNP PARIBAS SA CLASS A
ADS ADIDAS AG
FGR EIFFAGE SA
ULVR UNILEVER PLC
GLE SOCIETE GENERALE S.A. CLASS A
KBC KBC GROUP N.V.
OR L'OREAL SA
RAND RANDSTAD NV
GRF GRIFOLS S.A. CLASS A
ANA ACCIONA SA
GRF.P GRIFOLS S.A. PREF CLASS B
AKZA AKZO NOBEL N.V.
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
ANE CORPORACION ACCIONA ENERGIAS RENOVABLES SA
- Pierre Tegner
- Pierre Tegner
- Margaux van Oerle
- Michael B. Schäfer
- Thomas Zlowodzki
MT ARCELORMITTAL SA
BEKB BEKAERT SA
DGE DIAGEO PLC
G1A GEA GROUP AG
APAML APERAM SA
OUT1V OUTOKUMPU OYJ
RI PERNOD RICARD SA
SSAB A SSAB AB CLASS A
ULVR UNILEVER PLC
RCO REMY COINTREAU SA
EN BOUYGUES SA
SZG SALZGITTER AG
VOE VOESTALPINE AG
ACX ACERINOX SA
BAS BASF SE
ERA ERAMET SA
REP REPSOL SA
NDA AURUBIS AG
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
RIO RIO TINTO PLC
BHP BHP GROUP LTD
AMAG AMAG AUSTRIA METALL AG
CPR DAVIDE CAMPARI-MILANO N.V.
VUL VULCAN ENERGY RESOURCES
BEAN BELIMO HOLDING AG
CVC CVC CAPITAL PARTNERS PLC
AAL ANGLO AMERICAN PLC
- Pierre Tegner
- Margaux van Oerle
- Michael B. Schäfer
- Thomas Zlowodzki
MT ARCELORMITTAL SA
BEKB BEKAERT SA
DGE DIAGEO PLC
G1A GEA GROUP AG
APAML APERAM SA
OUT1V OUTOKUMPU OYJ
RI PERNOD RICARD SA
SSAB A SSAB AB CLASS A
ULVR UNILEVER PLC
RCO REMY COINTREAU SA
EN BOUYGUES SA
SZG SALZGITTER AG
VOE VOESTALPINE AG
ACX ACERINOX SA
BAS BASF SE
ERA ERAMET SA
REP REPSOL SA
NDA AURUBIS AG
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
RIO RIO TINTO PLC
BHP BHP GROUP LTD
AMAG AMAG AUSTRIA METALL AG
CPR DAVIDE CAMPARI-MILANO N.V.
VUL VULCAN ENERGY RESOURCES
BEAN BELIMO HOLDING AG
CVC CVC CAPITAL PARTNERS PLC
AAL ANGLO AMERICAN PLC
- Pierre Tegner
- Maxime Kogge
- Thomas Zlowodzki
- Maxime Kogge
- Thomas Zlowodzki
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