A director at Givaudan SA sold 817 shares at 3,946.110CHF and the significance rating of the trade was 100/100. 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 sh...
Thanks to unit revenue that has proven more resilient than anticipated, real discipline on capacity and a decline in the fuel bill, we expect margins to recover, especially for the legacies. IAG remains our top pick. We are upgrading Air France-KLM and Lufthansa to Neutral and downgrading Ryanair to Underperform as well as WizzAir on Neutral. - ...
Grâce à une recette unitaire qui se tient mieux que prévu, une discipline capacitaire notable et une baisse de la facture carburant, nous anticipons un rebond des marges tout particulièrement pour les majors. IAG reste notre valeur préférée. Nous relevons Air France-KLM et Lufthansa à Neutre et abaissons Ryanair à Sous-performance ainsi que Wizz Air à Neutre. - ...
>Broad based growth - This morning Givaudan reported on yet another quarter of strong results. Total revenues were CHF 1,907m for the quarter, +10.2% yoy reported and +14.1% on a lfl basis. Q3 24 revenues were +2.4% higher than ccs and +2.9% vs. AAOBe. No earnings are disclosed at Q1 and Q3 results. Givaudan‘s performance was once again driven by relatively high volumes across all markets (c. +12% yoy volume growth in the quarter for the group), segments and customer...
We initiate coverage on Givaudan with a Neutral and a TP of CHF 4,200. Givaudan is a cornerstone of its industry, supplying flavours and fragrance products and ingredients to many leading global brands. In its market and operational segments, the company is considered to be the benchmark. End-markets have been very strong and resilient over the past few years, and the recent H1 24 results once more suggest that this trend will continue in the near term. We assume good revenue gro...
Givaudan released its FY23 figures yesterday, a few hours before Treatt published a trading statement warning about disappointing Q1 results. The key message is that Beauty (and Fragrances) were the main performance drivers in 2023, but Food & Beverage are likely to catch up in 2024 in a normal
GIVAUDAN - BUY | CHF4380 On track to gradually offset higher input costs Q2 sales acceleration H1 EBITDA margin was down 170bp to 22.5% 120bp FY 22 EBITDA margin erosion but well on track to gradually offset higher input costs
The general evaluation of GIVAUDAN SA (CH), a company active in the Speciality Chemicals industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 1 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 5, 2022, the closing price was CHF 3,9...
GIVAUDAN - BUY | CHF4380 VS. CHF4680 (+15%) We lower our FY 22-23 earnings by 4% but we still like the company! Omicron impacted negatively the H2 profitability We lower our earnings by 4%, consequence of the margin FY 22 dilution TP to CHF4380 vs CHF4680
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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