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…
FY20 unsuprising; waiting for more
Crossject released an expected set of FY20 results The industrialisation process of Zeneo is on track The group’s financing for FY21 is secured We will fine-tune our model to account…
All on the 2024 guidance
Following FY2020 and the communication of a new guidance for both 2021 and 2024, we have (sharply) adjusted our EPS. 2020 was supposed to be an exceptionnal year for Swissquote…
Bullish (but reachable) targets
Swissquote released its FY2020 numbers. The key numbers were, however, already known (preliminary release on 14 January 2021). The key takeaways were related to the short and mid-term guidances. These…
Opinion change
Following the group’s full FY20 results, we have updated our model to incorporate the better than expected results. While FY20 EBIT was in-line with our expectations, the EPS was up…