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Benelux Morning Note31 aug 2016

Bois Sauvage: 1H16 operating income increase, downgrade to Hold Greenyard Foods: 1Q trading update confirms good momentum Hal Trust: Strong net profit increase to € 431m KPN: Prices € 1,250m Eurobonds + initiates tender of ...

MONTEA: Strong growth in operating margin30 aug 2016

Montea’s 1H16 results surprised on the back of tight financial cost control and strong portfolio growth boosting operating efficiency. We see continued expansion triggering attractive EPS growth with excellent earnings visibi ...

Benelux Morning Note30 aug 2016

Ackermans: Banks holding up decently in volatile markets Beter Bed Holding: 1H net profit +7%, German outlook still slightly weak CFE: Good numbers at DEME, strong order book D'Ieteren: Solid H1 beat, guidance prudently in ...

Benelux Morning Note29 aug 2016

Contents: KBC Ancora: Loss over FY1516 absent any dividend income Sioen: Great set of 1H16 results – Coating propels profits

Benelux Morning Note26 aug 2016

Contents: Argenx: 1H16 – Sufficient cash and candidates at hand Bekaert: Read-through from Xingda and Shougang D'Ieteren: 2Q16 preview Deceuninck: Solid set of 1H results, REBITDA +27% Elia Group: Satisfying set of 1H1 ...

Benelux Morning Note25 aug 2016

Contents: Ablynx: 1H16 results – Strong cash position Agfa: A step towards reaching the 10% target set for FY16 Ahold Delhaize: Strong momentum also at Ahold Celyad: 1H16 results – NKR2 on track, >€ 85m on the bank Eur ...

Benelux Morning Note24 aug 2016

AB InBev: Altria & Bevco considered as a separate share class ASR NV: Solid 1H16 results Deceuninck: 1H16 preview Elia Group: Expect a softer first half, OLO touches new lows EVS: 2Q16 preview Leasinvest RE: 1H16 results ...

Benelux Morning Note23 aug 2016

CFE: Pressure on utilisation rates and margins Galapagos: FINCH phase 3 program initiated in RA Qrf: Review 1H16: EPS and NAV growth trimmed