$MCD (+0,27 %) will pay for my orders for the next 3 weeks $HFG (-0,54 %) orders
Discussion sur HFG
Postes
81
2Sem.·
Annual Report
Highlights from 2024 Annual Report:
- Order Performance:
- Total orders decreased by 7.7% YoY in Q4 (26.29 million) and 3.9% in FY2024 (114.63 million).
- Meals delivered dropped by 8.0% in Q4 and 4.3% YoY.
- Financial Metrics:
- Q4 revenue declined by 2.7% to €1,808.5 million; FY revenue grew by 0.9% to €7,661.3 million.
- Average order value increased by 5.2% in Q4 and 4.9% YoY.
- Adjusted EBITDA (AEBITDA) for 2024 was €399.4 million, down 10.8% from 2023.
- Regional Insights:
- North America: Revenue increase of 0.9% YoY, AEBITDA down due to rising ready-to-eat meal costs.
- International: Revenue grew by 1.2%, with similar operational pressures.
- Market Strategy:
- Shifted marketing to prioritize profitable customers over volume; reduced emphasis on meal kits in favor of expanding ready-to-eat offerings.
- Projected continued focus on operational efficiencies and improving unit economics through cost management and menu diversification.
- Future Outlook:
- Aiming for enhanced customer satisfaction and long-term profitability.
- Growth opportunities identified in expanding meal options and improving quality to capture a broader customer base.
- Financial Risk Overview: HelloFresh faces various financial risks, including market, liquidity, foreign currency, interest rate, and credit risks, but maintains a minimal credit risk due to its prepayment model.
- Liquidity Management: The company has a robust cash position and access to a largely unutilized revolving credit facility, enabling it to withstand economic downturns.
- Market Risks: HelloFresh’s foreign currency exposure is managed through strict limits on non-Euro holdings and a strategy that aligns currency purchases with cash needs. Limited exposure to interest rate volatility is noted despite rising global rates.
- Covenant Risk: Compliance with financial covenants linked to its debt facilities is strong, with low risk of breach, backed by comprehensive monitoring and stress testing.
- Capital Allocation: HelloFresh emphasizes data-driven investment strategies to mitigate risks related to overinvestment in underperforming areas, aligning with long-term goals.
- Growth Opportunities: The company aims to enhance long-term ROI by nurturing customer relationships, expanding its ready-to-eat meals business, and exploring new market opportunities through adjacent verticals.
- Economic Outlook: Global growth is predicted at 3.3% for 2025, with regional forecasts showing mixed expectations. HelloFresh anticipates a decrease in revenue for the year, yet aims for significant increases in adjusted earnings before interest and taxes (AEBIT) due to efficiency programs.
- Segment Performance: North America remains a key revenue driver. However, a decline in meal kit sales is noted, contrasting with strong growth in the ready-to-eat segment, anticipated to expand further in North America and internationally.
- Revenue Trends: Total revenue for HelloFresh increased to MEUR 7,661.3 in 2024, up from MEUR 7,596.6 in 2023, driven by direct-to-consumer sales growth to MEUR 5,008.8.
- Revenue Recognition: The Group’s revenue from gift card breakage was MEUR 3.9 in 2024, a decrease from MEUR 11.0 in the prior year.
- Balance Sheet Highlights: As of 31 December 2024, trade receivables rose to MEUR 20.7, while contract liabilities decreased to MEUR 64.4, indicating improved customer order fulfillment.
- Goodwill Allocation: Goodwill increased from MEUR 276.0 to MEUR 285.1, primarily due to foreign currency effects impacting the operations in the USA and Australia.
- Property & Equipment: Acquisitions totaled MEUR 109.4 in 2024, with significant impairment charges of MEUR 180.9 due to facility reorganizations in North America.
- Cash Position: Cash and cash equivalents increased to MEUR 486.7, coupled with strong liquidity management, evidenced by a MEUR 400.0 revolving credit facility.
- Employee Growth: The average number of employees rose significantly to 21,783 from 19,012 in 2023, reflecting operational expansion.
- Capital Management: Total equity decreased to MEUR 888.4 mainly due to share buybacks of MEUR 83.1 and net losses impacting retained earnings.
https://findl.top?q=EsAAYusax4sLGNO6cs9vsXDuXstgXpLVsxYjTcCD0uc%2FP3lZQcQdymVoC%2Bda0kOd5hsIGd2wG41djGZErVj7%2BX%2BVqXsMqH76igSwpoh9reHwKtGaH95K4NaNVOwDuZZ1rHf4RFcd5w2UOMJmpa35cJRObVALjliGz%2FKeCujqxjf1C8UWRM61p1L8qCE%3D&source=eqs&length=short&filename=DE000A161408-JA-2024-EQ-E-00.pdf
33
2Sem.·
Dates week 12
As every Sunday, the most important news from the past week, as well as the dates for the coming week.
Also as a video:
https://youtube.com/shorts/cpIdQFYiLeY?si=gaKXoxc1Q7c_VbNC
Sunday:
Due to industrial overcapacity, deflation is depressing prices in China. Prices there fell by an average of 0.7% compared to the same month last year. The reason for the decline was probably a high basis for comparison from the previous year, as well as government programs to boost consumption.
Monday:
$HFG (-0,54 %) Hellofresh shocks the markets with a sales warning, down more than 10%. Analysts at JP Morgan continue to see the price target at 15 euros. This is because EBITDA is expected to rise again. Hellofresh is dispensing with expensive marketing campaigns, which hurts sales but may increase profits.
Tuesday:
$VOW3 (-2,69 %) Volkswagen is struggling with a drop in sales and profits. Overall, 2.3% fewer vehicles were sold. Sales for 2024 increased minimally by one percent to 324.7 billion euros. Profit fell from 17.8 to 12.3 billion euros.
Wednesday:
$P911 (-0,32 %) Porsche earns significantly less. Similar to VW, profits are down by around 30%. The dividend is to remain stable. Turnover is also expected to stagnate in 2025.
Not only is Rheinmetall's share price rising $RHM (+4,01 %) Rheinmetall is rising, sales are also increasing significantly. Rheinmetall could grow by 34% in 2024. Growth of 25-30% is also expected for 2025. Rheinmetall achieved sales of just under 10 billion euros in 2024. The order backlog grew to 55 billion euros. The dividend is set to rise from 5.70 to 8.10 euros per share.
$TMV (-4,38 %) Teamviewer is celebrating its 20th anniversary, which means the tech company from Göppingen has been around longer than the average lifespan of a German company (around 12 years). Click here for a summary of the company's history:
US inflation data comes in lower than expected, market bounces back. Compared to the same month last year, prices rose by 2.8%. An increase of 2.9% was expected.
Thursday:
The fashion group $BOSS (-6,12 %) Hugo Boss from Metzingen wants to increase its dividend to 1.40 euros per share. At 4.31 billion euros, turnover was three percent above the previous year's figure and higher than ever before. Declining sales in China were a particular burden on the Group. Profit therefore fell by 17% to 217 million euros. In the coming year, turnover is expected to stagnate, but profitability is set to increase.
Companies such as $DTG (-5,16 %) Daimler Truck fell significantly after Donald Trump announced that he would relax the emissions regulations for trucks. Daimler in particular has invested billions of dollars in recent years to make its trucks environmentally friendly.
With the inflation rate in the USA already below expectations, producer prices are also below expectations. This is particularly interesting, as producer prices are a leading indicator for inflation in the future.
https://www.ariva.de/amp/usa-erzeugerpreise-steigen-weniger-als-erwartet-11567717
Friday:
As with $VOW3 (-2,69 %) VW, BMW's profits are also on the decline. BMW achieved a profit of 7.7 billion euros, 37% less than a year ago. Turnover fell by 8.2% to 142 billion euros. China is the main problem for BMW.
These are the most important dates for the coming week:
Wednesday: 04:00 Interest rate decision (Japan)
Wednesday: 19:00 Interest rate decision (USA)
Thursday: 12:00 Interest rate decision (BoE)
Can you think of any other dates? Write it in the comments 👇
www.youtube.comDas sind die wichtigsten WIRTSCHAFTSTERMINE der kommenden Woche
22
3Sem.·
Insights from the HelloFresh analyst conference - focus on profitability, efficiency increase and strategic realignment in 2025
Today I would like to give you a detailed insight into the conference call of HelloFresh ($HFG (-0,54 %) ), in which the results for the fourth quarter and full year 2024 were presented and the strategy and outlook for 2025 were explained.
Dominik Richter, the Group CEO, opened the conference and emphasized that Hello Fresh's goal is and remains to change the way people eat forever. For the first eight years, the company focused exclusively on Meal Kits, its largest and most profitable business segment to date. Over the last four years, however, HelloFresh has successfully built a market-leading position in Ready-to-Eat (RTE) meals and scaled its brands in this segment 20-fold, while achieving AEBITDA profitability and improved unit economics.
In addition, initial steps were taken into pet food, premium meat mail order and nutritional supplements to further diversify the addressable market potential (TAM) and revenues. HelloFresh is currently in a transition phase, which began last summer.
A central point of Richter's presentation was the strategic realignment, in which profitability is deliberately prioritized over pure growth. After two years of declining profits, the focus for 2025 is on two main goals: firstly, the successful implementation of an efficiency program, which was already launched in the second half of 2024, and secondly, a significant improvement in the customer offering for both Meal Kits and RTE, in order to ultimately achieve higher margins and a stronger cash flow. return to growth in the Meal Kits segment with higher margins and stronger cash flow.
The plan is to significantly enhance the customer experience through a wider menu choice, better value for money and improved service. The implementation of the efficiency program is crucial for short-term profitability and to generate cash flow for long-term investments. The efficiency program covers various areas of the company and is expected to lead to double-digit AEBITDA margins in the Meal Kits segment in the short term. segment in the short term. Initial successes of the program were already observed in the second half of 2024, in particular through higher ROI thresholds for marketing spend, which led to a deliberate acquisition of fewer but more profitable customers, and better support for existing customers.
The CapEx expenditure was reducedand the network is being adapted to future demand. In General & Administrative (G&A), management structures were simplified, regional teams merged and personnel savings achieved.
Richter also presented the highlights of the fourth quarter and full-year 2024 results. The revenue growth rate for 2024 was 0.9% at constant exchange rates, with strong growth in RTE offsetting the decline in Meal Kits. The contribution margin was further improved, driven by productivity increases in RTE production in North America and in North American Meal Kits. This was partially offset by the decline in the volume of Meal Kits and start-up costs for new fulfillment centers in Germany and the UK.
The AEBITDA margin for Meal Kits reached 9.8 % for the full year and even exceeded 14% in the fourth quarter5 . The AEBITDA margin for RTE was 1.6% for the year as a whole, but was impacted by high start-up costs in the first half of 2024; in the fourth quarter, it reached over 5%, a significant increase on the previous year. The free cash flow per diluted share amounted to EUR 0.425 . A share buyback program of EUR 150 million was completed and a new program of EUR 75 million was launched.
In the year 2024 114 million orders were delivereda decrease of around 4% compared to 2023, as the focus was placed on higher value customers. This focus was more pronounced in the fourth quarter and led to a decline in orders of around 7%, with North America being hit harder with a decline of 10% than the international business at 5%. The decline was exclusively due to fewer new customers as a result of the change in marketing strategy, while existing customers continued to show very robust order patterns. The positive sales growth was mainly driven by the increase in the average order value (AOV) by almost 5 %. In the USA, AOV rose more strongly than internationally due to the higher proportion of high-priced RTE meals.
For the full year 2024, sales growth amounted to 0.9 % at constant exchange rates, with sales falling by 3 % across the Group in the fourth quarter (North America -4 %, international -1 %). The trends from the fourth quarter are largely expected to continue in the first quarter of 2025, as the efficiency programme is based on reduced marketing expenditure and the prioritization of profitability over growth.
For the full year 2025, sales are expected to decline by 3 % to 8 % at constant exchange rateswith the first quarter expected to be at the lower end of this range. Meal kit sales are expected to decline by more than 10% (Q1 in the mid to high negative 10s), while RTE is expected to grow in the low to mid 10s (Q1 slightly below 10%).
In the subsequent question and answer session analysts asked questions on various topics:
Sven Sauer (Kepler Cheuvreux) asked about the RTE outlook for 2025 and why growth is expected to be so low. Dominik Richter explained that the RTE business has grown 20-fold in the last four years and that they want to learn from the experience with Meal Kits in order to achieve sustainable growth in sales and profits. sustainable growth in turnover and profit. and profits. This includes investing in the brand and customer offering without overdoing the marketing, and adapting the TAM to customer growth. Growth in the low to mid-teens is considered appropriate for 2025.
Nizla Naizer (Deutsche Bank) inquired about the the extent of the planned cost savings over the next few years. Christian Gartner referred to the Capital Markets Day in ten days' timeat which more detailed information will be provided. Naizer then asked about the assessment of current consumer sentiment in the USA . Gartner confirmed that a slowdown in consumption is being observed in the USA, which has also been factored into the forecast given.
Andrew Ross (Barclays) wanted to minimize the the decline in sales in the Meal Kits segment for 2025 in more detail. Dominik Richter explained that this was a consequence of the deliberately reduced new customer acquisition in the last six months and a further decline in marketing investments. The aim is to achieve to have a significantly improved customer offering by the back-to-school and then return to growth with a better product and higher profitability.
Marcus Diebel (JPMorgan) asked about the the different sales trends in North America and internationally in view of the reduced marketing expenditure. Christian Gartner said that the marketing spend in North America was reduced earlier and more . The international market is more heterogeneous and includes earlier phase markets such as France, where marketing spend is actually increasing with good ROIs. However, the ROI threshold for marketing is the same in both segments. When asked about Germany and the UK Gartner explained that marketing expenditure there was lower in the run-up to the crisis than in North America, which is why the decline is now less pronounced.
Christian Salis (Hauck & Aufhaeuser) inquired about the European RTE product launch in Germany. Dominik Richter expressed his satisfied with the consumer demandwhich is currently being curbed somewhat. However, there is still a lot to do, particularly in terms of menu size and the consideration of different dietary preferenceswhich are much more extensive in the USA. A major focus for 2025 will be on the own production of large parts of the foodto increase product variety.
The HelloFresh analyst conference clearly showed that the company has a clear focus on profitability and increasing efficiency for 2025. focus on profitability and increasing efficiency. efficiency. After years of strong growth, particularly in the RTE segment, the company is now consciously accepting a phase of lower sales growth in order to improve margins, reduce costs and invest in an improved customer offering.
The strategic realignment aims to generate profitable growth in the long term. The outlook for 2025 is ambitious and signals a significant increase in profitability and free cash flow.
It remains exciting to see how the strategic initiatives will play out in the coming quarters!
55
3Sem.·
HelloFresh struggles with declining sales, but increases operating profits in Q4
HelloFresh, the mail-order cooking box company $HFG (-0,54 %) is facing a decline in sales due to weak demand. Dominik Richter's Management Board expects a sharper decline than for the Group as a whole, particularly in North America. Group revenue is forecast to fall by three to eight percent in 2023, while analysts were expecting an increase.
In the fourth quarter, HelloFresh was able to increase its operating profits despite a decline in revenue to 1.81 billion euros. Adjusted EBITDA climbed sharply to 164 million euros, an increase of 114 million euros. Nevertheless, the share fell by 9.7 percent to 9.08 euros in pre-market trading, marking its lowest level since October.
Source:
22
3Mo·
As every Sunday, the most important news from the past week, as well as the dates for the coming week.
Also as a video:
https://youtube.com/shorts/oV3omttRVN0?si=4olXTaUPp-fMjSYS
Monday:
The subsidy bankruptcy of our Economics Minister continues. At $INTC (+2,58 %) Intel and $WOLF (-3,2 %) Wolfspeed, the plants were not even built and therefore no subsidies have been paid. Things could now get even worse at Northvolt, where the subsidies have already been paid out. However, Northvolt has now filed for bankruptcy. In the worst case scenario, the state has given away 620 million euros of taxpayers' money.
On Monday, the mood in US industry brightened surprisingly strongly. Nevertheless, the purchasing managers' index signals a slowdown.
Tuesday:
The DAX breaks through the 20,000 point mark for the first time in its history, reaching a new record high.
South Korea's president declares martial law. This is in response to the threat posed by North Korea. The rest of the world sees this as a coup d'état and protests break out.
https://www.instagram.com/p/DDHpNlBsl0c/?igsh=MW5ycDh2NHNkbno1dg==
Thursday:
$HFG (-0,54 %) Hellofresh can gain significantly after several upgrades by analysts. Jeffries and JPMorgan have raised the price target by 100% in some cases.
Friday:
The largest free trade zone in the world could be created, the so-called Mercosur agreement between the EU and South America. France still wants to scupper the deal, but Javier Milei wants the free trade zone. The Mercosur agreement was adopted on Friday evening.
Consumer sentiment in the US has continued to improve. The Michigan Consumer Sentiment Index rose. This means that consumer sentiment has improved for the fifth month in a row.
Saturday:
Billionaires are relocating more often since Covid. At least according to a new study by $UBSG (-6,1 %) UBS. The main influencing factors are the quality of life in the respective countries, as well as the legal framework for the wealthy. The main target countries are therefore also countries with particularly low taxes: The USA 🇺🇸, Switzerland 🇨🇭, the UAE 🇦🇪 and Singapore 🇸🇬.
https://www.instagram.com/p/DDSYluRumiW/?igsh=YjJkb3gybWhxc3I4
Key dates for the coming week:
Tuesday: 08:00 Inflation data (DE)
Wednesday: 15:45 Interest rate decision BoC (Canada)
Thursday: 14:30 Interest rate decision (ECB)
What other important dates can you think of?
www.youtube.comDie wichtigsten WIRTSCHAFTSTERMINE der kommenden Woche
22
3Mo·
Analyst updates, 05.12.
⬆️⬆️⬆️
- HSBC upgrades SIEMENS to Hold. Target price EUR 185. $SIE (-7,29 %)
- DEUTSCHE BANK RESEARCH raises the price target for MUNICH RE from EUR 450 to EUR 535. Hold. $MUV2 (+0,38 %)
- DEUTSCHE BANK RESEARCH raises the price target for HANNOVER RÜCK from EUR 255 to EUR 294. Buy. $HNR1 (+0,65 %)
- DEUTSCHE BANK RESEARCH raises the price target for TALANX from EUR 70 to EUR 76. Hold. $TLX (-1,62 %)
- JEFFERIES raises the price target for ORACLE from 190 USD to 220 USD. Buy. $ORCL (-5,67 %)
- HAUCK AUFHÄUSER IB raises the target price for MTU from EUR 264 to EUR 280. Sell. $MTX (-2,68 %)
- BARCLAYS upgrades AUTO1 from Equal-Weight to Overweight and raises target price from EUR 9 to EUR 19. $AG1 (-1,43 %)
- JPMORGAN raises the price target for HELLOFRESH from EUR 14 to EUR 16. Overweight. $HFG (-0,54 %)
- JPMORGAN raises the target price for DELIVERY HERO from EUR 42 to EUR 55. Overweight. $DHER (-1,63 %)
- JPMORGAN raises the price target for CTS EVENTIM from EUR 104 to EUR 112. Overweight. $EVD (-1,69 %)
- JPMORGAN raises the target price for SCOUT24 from EUR 92 to EUR 105. Overweight. $G24 (+2,08 %)
- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 16.02 to GBP 18.32. Overweight. $TKWY (+0,42 %)
- JPMORGAN upgrades DELIVEROO from Neutral to Overweight and raises target price from GBP 1.70 to GBP 1.92. $ROO (-1,5 %)
- JPMORGAN raises the price target for HEIDELBERG MATERIALS from EUR 150 to EUR 151. Overweight. $HEI (-1,37 %)
- JPMORGAN raises the price target for FRAPORT from EUR 49 to EUR 59. Neutral. $FRA (-2,6 %)
⬇️⬇️⬇️
- METZLER lowers the price target for HYPOPORT from EUR 220 to EUR 185. Sell. $HYQ (+12,49 %)
- ODDO BHF lowers the target price for SCHOTT PHARMA from EUR 38 to EUR 37. Outperform. $1SXP (-3,5 %)
- BARCLAYS lowers the target price for RIO TINTO from GBP 61 to GBP 60. Overweight. $RIO (-2,14 %)
- JPMORGAN downgrades STRÖER from Overweight to Neutral and lowers target price from EUR 79 to EUR 57. $SAX (-3,06 %)
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1 Commentaire
the post is somehow too confusing, isn't there another way?
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22
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3Mo·
05.12.2024
Bitcoin breaks through $100,000 + JPMorgan upgrades SAP to 'Overweight' + Jefferies raises Hellofresh to 'Buy' with target up to EUR 16.50 + Auto1 and Evotec return to MDax
Bitcoin $BTC (+0,27 %)jumped above $100,000 during the night
- The $100,000 mark has been a mark that has been eagerly awaited in the crypto scene for years.
- Tonight, Bitcoin briefly jumped to $104,000.
- Now, of course, everyone is waiting to see what happens next. Will the journey continue or will the correction come now? What do you think?
JPMorgan sees SAP $SAP (-2,9 %)as the favorite for 2025
- The US bank JPMorgan has left its rating for SAP at "Overweight" with a target price of 260 euros.
- Analyst Toby Ogg maintains his preference for SAP and Sage in his 2025 outlook for the software and IT industry, which was published on Wednesday.
- Both shares are also on the "Analyst Focus List".
- SAP's sales growth is likely to accelerate until 2028.
Jefferies raises Hellofresh $HFG (-0,54 %)to 'Buy' - target raised to 16.50 euros
- The analyst firm Jefferies has more than doubled its price target for Hellofresh shares from 7.50 to 16.50 euros and upgraded the shares from "Hold" to "Buy".
- The cooking box mail order company is ending two difficult years with a new focus on operating profit and cash flow, wrote analyst Giles Thorne in his buy recommendation published on Thursday.
- These plans are underpinned by stabilized box sales and growth in the newer ready-to-eat segment.
- In addition, there are still opportunities for optimization.
Auto1 $AG1 (-1,43 %)and Evotec $EVT (+1,16 %)return to MDax - No changes in the Dax
- Hamburg-based Evotec was only forced to leave the MDax in September, but since then the shares have risen again in view of a possible sale of the company.
- Auto1 was already a member of the MDax until spring 2022.
- As expected, there are no changes in the leading Dax index of the 40 heaviest stocks.
- Three companies are moving up to the SDax: The software company Nexus is benefiting from a takeover bid worth around 1.1 billion euros from financial investor TA Associates, which caused its shares to rise sharply.
- The scientific publisher Springer Nature made the leap just over two months after its IPO.
- The changes will take effect on December 23, one day before Christmas Eve.
Thursday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
Qualcomm USD 0.85
- Quarterly figures / company dates USA / Asia
22:05 Hewlett Packard Enterprise Annual results
- Quarterly figures / company dates Europe
07:00 Aurubis detailed annual results and annual report
10:00 Merck KGaA: Media event "Artificial Intelligence at Merck"
11:00 KWS Saat AGM
14:00 Aurubis Analyst Conference | Safran Capital Markets Day
No time specified: Fuchs SE Capital Markets Day
- Economic data
08:00 DE: New orders October seasonally adjusted FORECAST: -2.0% yoy previous: +4.2% yoy
11:00 EU: Retail Sales October Eurozone FORECAST: -0.3% yoy previous: +0.5% yoy
14:30 US: Initial jobless claims (week) FORECAST: 215,000 Previous: 213,000
14:30 US: Trade Balance October FORECAST: -74.80 bn USD previously: -84.36 bn USD
2929
5 Commentaires
23 November, one day before Christmas Eve....You have a sense of humor 😉😂
••
4Mo·
Analyst updates, 04.11.
⬆️⬆️⬆️
- BERENBERG raises the target price for SHELL from GBP 31 to GBP 31.50. Buy. | $SHEL (-5,56 %)
- BERENBERG raises the price target for MTU from EUR 270 to EUR 350. Buy. | $MTX (-2,68 %)
- BRYAN GARNIER raises the price target for HELLOFRESH from EUR 8.50 to EUR 10. Neutral. | $HFG (-0,54 %)
- DEUTSCHE BANK RESEARCH raises the price target for SCOUT24 from EUR 84 to EUR 92. Buy. | $G24 (+2,08 %)
- DEUTSCHE BANK RESEARCH raises the price target for SANTANDER from EUR 5.75 to EUR 5.80. Buy. | $SAN (-6,55 %)
- RBC raises the target price for NEXT PLC from GBP 105 to GBP 108. Sector Perform. | $NXT (-13,14 %)
- UBS raises the price target for CHEVRON from USD 192 to USD 194. Buy. | $CVX (-7,8 %)
⬇️⬇️⬇️
- UBS lowers the price target for BERKSHIRE HATHAWAY from USD 806.724 to USD 796.021. Buy. | $BRK.B (-3,09 %)
- CITIGROUP lowers the price target for STMICRO from EUR 36 to EUR 30. Buy. | $STMPA (-10,39 %)
- JPMORGAN lowers the price target for ASM INTERNATIONAL from EUR 806 to EUR 716. Overweight. | $ASM (-6,2 %)
- RBC downgrades CARL ZEISS MEDITEC from Outperform to Sector-Perform and lowers target price from EUR 85 to EUR 70. | $AFX (-4,84 %)
- WARBURG RESEARCH lowers the price target for KION from EUR 65 to EUR 58. Buy. | $KGX (-3,42 %)
- ODDO BHF downgrades JENOPTIK from Neutral to Outperform and lowers target price from EUR 32 to EUR 30. | $JEN (-9,79 %)
- ODDO BHF lowers the price target for AIXTRON from EUR 22 to EUR 21. Outperform. | $AIXA (-3,98 %)
- ODDO BHF lowers the price target for FIELMANN from EUR 45.70 to EUR 44.60. Neutral. | $FIE (-1,48 %)
- HAUCK AUFHÄUSER IB lowers the price target for KNORR-BREMSE from 65.50 EUR to 63.60 EUR. Sell. | $KBX (-2,02 %)
- GOLDMAN downgrades STANDARD CHARTERED to Neutral. Target price GBP 9.37. | $STAN (-13,38 %)
- GOLDMAN lowers the price target for GENERALI from EUR 31.50 to EUR 30.50. Buy. | $G (-1,59 %)
- GOLDMAN lowers the price target for PHILIPS from EUR 35 to EUR 32. Buy. | $PHIA (-5,25 %)
77
5Mo·
Earnings summary this morning 👇🏼
$BP. (-6,89 %)
| BP Q3 2024 Earnings
EPS Adj 13.89C (12.67C)
Adj Net $2.27B (est $2.05B)
Oper Cash Flow $6.16B (est $6.29B)
Net Debt $24.21B (est $23.28)
Plans 1.75B Share Buyback For Third Quarter
Sees 4Q Reported Upstream Production To Be Lower Vs Q3
$OMV (-2,92 %) | OMV AG Q3 24 Earnings:
- Clean CCS Oper Profit EU1.10B (est EU1.05B)
- Clean CCS Net Income EU346M (est EU447.8M)
- Still Sees FY Organic CAPEX About EU3.8B (est EU3.68B)
- Sees FY Avg Production 330, 000 To 350, 000 BOE/D
$NOVN (+0,86 %) | Novartis Q3 24 Earnings:
- Core EPS $2.06 (est $1.94)
- Net Sales $12.82B (est 12.68B)
- Net Sales Expected To Grow By 'Double Digit'
- Raises FY Outlook
- Now Sees FY Core Oper Income Growth In High Teens
$SAN (-6,55 %) | Santander Q3 24 Earnings:
- Net Income EU3.35B (est EU3.17B)
- Net Interest Income EU11.23B (est EU11.57B)
- Net Loan - Loss Provision EU2.98B (est EU3.18B)
- Confident It'll Deliver On All Targets
$HSBA (-7,59 %) | HSBC Q3 24 Earnings:
- Div/Shr 10C (est 10C)
- Net Interest Income $7.64B (est $9.25B)
- Sees Div payout Ratio Target Basis of 50% for 2024
- Announces Up $3B Buy Back
$ADS (-10,86 %) | Adidas is optimistic after a strong third quarter and confirms a sales increase of 7.3% to 6.4 billion euros. Demand in Europe and growth in China are driving the development, while profits increase by 73.4% to 469 million euros.
$HYQ (+12,49 %) | Hypoport increases revenue by 29% to 114 million euros in the third quarter and achieves an operating profit of 3.6 million euros, which is above analysts' expectations. The upturn in real estate finance is driving growth.
$LHA (-3,29 %) | Lufthansa announces a savings program to increase adjusted operating profit by EUR 1.5 billion by 2026. Adjusted profit in the third quarter of 2024 falls by 9% to EUR 1.3 billion Deutsche Lufthansa AG expects an operating profit of between EUR 1.4 billion and EUR 1.8 billion for the full year 2024, after focusing on the cost structure in the third quarter. The share is benefiting from hopes of an easing of the Middle East conflict.
$CEC (-2,22 %) | Ceconomy exceeds analysts' expectations with adjusted EBIT in the upper half of the range of 290 to 310 million euros. Sales increase by 5.3% to around 22.4 billion euros in the 2023/2024 financial year
$HFG (-0,54 %) | HelloFresh Group achieves currency-adjusted revenue growth of 1.9% compared to the previous year and adjusted EBITDA ("AEBITDA") of €72 million
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