Strategic acquisition in wind services
Dolfines kicks off its five-year strategy plan with the potential acquisition of a wind services company (8.2 France). After a Memorandum of Understanding signed last year with 8.2 France, Dolfines…
Major Contracts to double sales
The DCF has been impacted by the announcement of another major contract with Aquiline Drones. The contract concerns the sale of 500 Hercules 20 drones and 200 Hercules 10 drones,…
Better-than-expected results; battery R&D progress continues unabated
2020 financial results came in ahead of our expectations, despite the pandemic resulting in a delayed kick-start at various divisions. However, the bigger takeaway has been the group’s sustained progress…
FY21 will continue to be challenging, while we expect mid-term profitability growth
Our FY19 and FY20 EPS have been pushed down by the integration of the annual results. We have also slightly lowered our FY21 EPS for different reasons: the transition from…
Q1 21: growth momentum continues
Cementir Holding announced a good set of results, in line with our expectations. It recorded an increase in revenues in all segments due to a weak base and a favourable…
Protective Films and Healthcare Solutions lead to record Q1 results
Leveraging the strong demand from the construction sector, Chargeurs’ Protective Films recorded robust sales growth, which, in combination with the top-line contribution of the group’s novel division, Healthcare Solutions, allowed…
Restocking effect uplifts our FY21-22 view on CPF
The valuation increases across the different valuation metrics result in a 14.0% higher target price, pushing us further in our Buy recommendation. Chargeurs Protective Films’ strategic positioning and operational strengths…
Q1 21: strong growth in Q1 and major contract win will stimulate FY21
Even with the pandemic affecting the company, as 55% of the revenues comes outside France, the company showed solid growth in both built-in drones and third-party drones. The margin has…
FY20: expanding services into wind
FY20 comes with an adjusted net loss of €2.0m, against our estimates of €-2.2m, on additional savings. The activity seems to be rebounding in oil & gas, with the Q1…
Delta Drone acquires Weesure and becomes world leader in drone security services
Delta Drone has come to an agreement to acquire the security company Weesure to use drones the industry. This is in line with its strategy of proposing a drone as…