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…
New healthcare products activity unlocks unforeseen organic growth potential
Chargeurs’ Q1 revenues showed a subdued impact in the context of the global crisis brought by the COVID-19 outbreak. More importantly, Chargeurs’ quick-witted move into the development of a new…
More tailwinds
Swissquote has managed to navigate successfully (in relative terms vs the Stoxx 600 and the European banking index) through the sanitary crisis (as evidenced in the graph below). As the…
New protective equipment activity to help offset Coronavirus impact
Chargeurs’ new initiative, focused on the development and production of personal protective equipment (PPE), will allow the group to leverage the expertise of its PCC Fashion Technologies division to meet…
Collaboration to bring floater on the international stage
Dolfines/Dietswell has signed a Memorandum of Understanding with CIMC Raffles. This collaboration is a positive development, and, as we have argued in the past, was a necessary step for the…
Meaningless FY19 results and product update
FY19 results meaningless as usual Some calendar delay due to the COVID-19 crisis The company on track though for first filings in FY20/21 No change to our opinion after the…
Integration of FY19 figures and COVID-19 impacted outlook
We have updated our model with the FY19 results. The company performed better than we had anticipated, especially in Turkey, where we priced in the impact of the country’s economic…
A very reassuring guidance
Swissquote released full annual results this morning. It had already disclosed its revenues and pre-tax margin in January (cf. our Latest) but these full results add some positive news to…