H1 20: in for a Danish treat
Cementir Holding announced its H1 results. Revenue was down by only 3.6% due to the good performance in the Nordics, Egypt and Turkey. EBITDA was impacted by non-recurring items of…
Fine-tuning the model prior to H1 results
Our EPS is negatively impacted by the lower activity level and margin assumptions. COVID-19 has had a more widespread impact since we last updated our model, resulting in this sharp…
Bientôt prête pour un nouveau départ
L’amélioration des infrastructures de transport au Nord de Paris se poursuit avec les travaux des lignes ferrées créées dans la perspective des JO de 2024. Au Blanc-Mesnil, à 300m d’une…
More good news again…
Swissquote released this morning a report which confirms management’s previous communication regarding the sharp increase in trading at the beginning of the year. Total revenues for H1 20 are indeed…
FY19: revenues decline, positive environment in renewables
While the dynamic is positive in the renewables activities with the CIMC Raffles partnership and the Marine Energy Alliance collaboration, the low oil & gas prices are taking their toll…
Robust funding, promises in locks & safety
Our target price is mechanically cut by allowing for a c. 23% drop in 2020 revenues and a best guess at zero profits. The small industrial conglomerate entered the COVID-19…
The right time to establish itself as a software provider
Not immune to the COVID-19 crisis, Keyware nevertheless boosted the revenues of its software division, within which the EasyOrder application was a success during the lockdown period. The payment terminals…
As fit as possible
2020 worries will obviously wipe out all the 2019 solid achievements. Even more so since the owner-manager went for substantial book cleaning. SFPI comes out as an ever-more robust no-nonsense…
Q1 20: lower result but good shareholder remuneration ahead
Cementir Holding announced its Q1 results. Revenue was almost flat due to the good performance in the Nordics and Turkey. EBITDA was impacted by a one-off payment of €2.5m, otherwise…
Better-than-expected results
2019 ended on a good note for Blackstone Resources, with FY net attributable income of CHF5.31m vs. CHF22.6m loss in 2018. While the group’s respective (growth) projects remain work-in-progress, the…