Deutz is a leading non-captive engine manufacturer for a wide range of customer industries with a strong and very well-known brand. The company will enter a profitable growth period soon (CAGR 2023-26e sales 8%, EPS 18%). We initiate coverage with an Outperform rating and a target price of € 7.9, reflecting >40% upside from here. - ...
Deutz is a leading non-captive engine manufacturer for a wide range of customer industries with a strong and very well-known brand. The company will enter a profitable growth period soon (CAGR 2023-26e sales 8%, EPS 18%). We initiate coverage with an Outperform rating and a target price of € 7.9, reflecting >40% upside from here. - ...
>Q1 2024 beat expectations by 2.2% - Adjusted attributable net profit was $ 5,112m, 2.2% above our expectations and the consensus (ODDO BHF: $ 4,997m, consensus: $ 5,000m). Production came in at 2,461 kboe/d, flat q-o-q and down 2.5% y-o-y following the divestment in Canada. In E&P, adjusted net operating profit was $ 2,550 m (vs $ 2,802m in Q4), reflecting lower gas prices. Resilient iLNG and robust refining margins with reassuring outlook - In iL...
>Q1 2024 beat expectations by 2.2% - Adjusted attributable net profit was $ 5,112m, 2.2% above our expectations and the consensus (ODDO BHF: $ 4,997m, consensus: $ 5,000m). Production came in at 2,461 kboe/d, flat q-o-q and down 2.5% y-o-y following the divestment in Canada. In E&P, adjusted net operating profit was $ 2,550 m (vs $ 2,802m in Q4), reflecting lower gas prices. Resilient iLNG and robust refining margins with reassuring outlook - In iL...
PARIS--(BUSINESS WIRE)-- regulatory News: TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE): Le Conseil d’administration a examiné, lors de sa séance du 25 avril 2024, la proposition de résolution déposée par un groupe d’actionnaires représentant moins de 0,9 % du capital et tendant à soumettre à l’Assemblée Générale un vote consultatif demandant au Conseil d’administration d’adopter une dissociation de la Présidence du Conseil d’administration et de la Direction générale de la Société. Le Conseil d’administration de TotalEnergies réaffirme son attachement fort au dialogue actionnarial e...
>Sales in line with expectations and improvement in underlying volumes - Q1 2024 sales of € 11,356m (-8.5% as reported, -5.8% like-for-like, of which -1.1% in prices and -4.7% in volumes), 1% above the consensus. In addition to a slight fall in prices, which penalised organic growth, the group recorded a 4.7% fall in volumes (after -4.8% in Q4 and -5.0% in Q3), penalised by new housing, especially in Europe. Q1 volumes were down 9.3% in Northern Europe, 7.7% in Southe...
PARIS--(BUSINESS WIRE)-- Regulatory News: Meilleur moyen d’associer ses collaborateurs à la stratégie de transition de la Compagnie, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) met l’actionnariat salarié au cœur de sa politique de partage de la valeur. Le Conseil d’Administration du 25 avril 2024 a ainsi validé plusieurs initiatives en ce sens : L’attribution de 100 actions TotalEnergies aux 100 000 collaborateurs de la Compagnie* partout dans le monde. Il s’agit de l’attribution universelle la plus importante dans l’histoire de TotalEnergies qui fête cette année son centenaire. Cette ...
>Momentum in shopping centres remains brisk in Q1 - URW yesterday evening reported Q1 2024 revenues of € 942.8m, up +3.7% y-o-y at current scope and +10.5% at constant scope mainly reflecting still positive operating momentum in shopping centres as well as the first positive effects from the Olympic Games in Paris in the convention and exhibition (“C&E”): division:Tenant sales up + 5.5% y-o-y in Q1 2024: tenant sales remained positive with +5.8% y-o-y in continen...
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of A$1.00 per share: Important step to unlock Sicily – The Italian ministry has informed ADX that it will be granted the d 363C.R-.AX gas exploration permit in the Sicily Channel. In addition, the Regional Administrative Court of Rome has annulled the Plan for the Sustainable Energy Transition of Eligible Areas that prevented the oil redevelopment, appraisal and exploration activities on the licence. ...
PARIS--(BUSINESS WIRE)-- Regulatory News: TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE): 1T24 4T23 Variation vs 4T23 1T23 Variation vs 1T23 Résultat net (part TotalEnergies) (G$) 5.7 5.1 +13% 5.6 +3% Résultat net ajusté (part TotalEnergies)(1) - en milliards de dollars (G$) 5.1 5.2 -2% 6.5 -22% - en dollar par action 2.14 2.16 -1% 2.61 -18% EBITDA ajusté(1) (G$) 11.5 11.7 -2% 14.2 -19% ...
>La dynamique sur les centres commerciaux reste soutenue sur le T1 - URW a publié hier soir un CA sur T1 2024 à 942.8 M€ en hausse de 3.7% yoy à périmètre courant et de 10.5% à périmètre constant (pc) et qui reflète surtout la poursuite d’une dynamique opérationnelle toujours bien orientée sur les centres commerciaux ainsi que les 1ers effets positifs liés aux Jeux Olympiques de Paris sur le Pôle congrès et expositions (« C&E ») :CA commerçants au T1 2024 à + 5.5...
>Q1 results 6.4% above forecasts - Q1 adjusted net profit came to € 1.27bn (+6% QoQ /-33% YoY), 6.4% above the consensus (ODDO BHF: € 1.07bn; consensus: € 1.19bn), thanks to E&P and Industrial. E&P: the drop in the gap price took a tool - E&P posted an adjusted profit of € 442m, down 20%, whereas the Brent price was near-stable. This is because natural gas makes up two-thirds of the group’s production (590kboe/d) and is mainly produced in North Americ...
>Outperform rating, TP raised to $ 31 - Post-release and post-conference call, we are raising our TP to $ 31 (vs $ 25.3 previously), based on a 12m PE multiple of 20x now vs 18x. Although the stock has turned in a solid performance of + 30% YtD (doubling on a 12m-trailing basis!), we still believe it offers upside potential. The adjustments we have made to our 2024/2026 forecasts are solely the result of a heavier tax burden than initially expected. Like most oi...
PARIS--(BUSINESS WIRE)-- Regulatory News: Pernod Ricard (Paris:RI): Communiqué – Paris, 26 avril 2024 Dans le cadre de son programme de rachat d’actions pour l’exercice 2023/24 (c.€300m pour l’exercice 2023/24 confirmé lors des résultats du 1er semestre 2023/2024), Pernod Ricard a signé avec un prestataire de services d’investissement un contrat portant sur l’acquisition de ses propres actions, pour un montant maximum d’env. 150M€ sur une période débutant le 26 avril 2024 et pouvant s’étendre jusqu’au 21 juin 2024. Le prix des actions achetées dans le cadre de ce mandat ne pourra pas d...
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