End of year update confirms the recovery
In oil & gas, Dietswell echoes in its end of year update what bigger players are seeing: after the downturn that started in 2014, oil exploration & production companies are…
A tighter spot
Europlasma warns of extra delays to its refinancing exercise, at risk of a full financial/perimeter restructuring. Europlasma issued an after-hours communiqué on 07/12/2018 about the fact that due diligence delays…
Dedicated to safety for people, goods and the environment
We initiate coverage of SFPI Group with a Buy recommendation and a c.70% upside. The core of SFPI Group’s business model is to target niche markets among the rather moderately-growing…
A €3.9m capital increase
Crossject announced it would issue new shares, a maximum of 3.4m with subscription rights, to be listed before year-end (28 December), with total potential proceeds of c.€3.9m. In short, the…
Production has resumed
Crossject announced that the production issue (due to a mould of a Zeneo component which had been damaged during the summer) has been fixed with production having started again yesterday….
Power generation fine-tuning at a further cost in 2018
The H1 earnings released on 31/10 showed some improvement, but were substantially below what our modelling implied with a €-5.2m cash loss when we were banking on a €-1.4m loss…
Decline in revenue as expected in Q3 18
The decrease in revenue by -1.2% on a constant perimeter was broadly in line with expectation; note last year’s high comparative (+3% on constant scope in Q3 17). Software editing…
On time delivery, cont’d
Forget the quarterly swings to sequential growth, Chargeurs is delivering on its promise of focused, profitable growth. Chargeurs released Q3 top line like-for-like growth of 1%, a slowdown on previous…
Still in transition
The group continues its transition phase, which leads to increasing revenue, but operating profitability is currently weak due to significant cost increases. Following the 9m FY18 results, we will slightly…
A solution provider to the energy industry
We initiate coverage of Dietswell: the company is an engineering contractor to the oil, gas and energy sectors. It is an asset-light company with technical knowledge that provides solutions to…