Engie: E&P disposal in the pipeline?
According to Reuters, citing daily energy trade publication Enerpresse, the French group is considering a possible sale of part or all of its E&P business to reduce notably its direct exposure to...
View ArticleHugo Boss: Reassuring Q4 organic growth at the expense of margins
Last Friday Hugo Boss announced its preliminary FY15 results ahead of schedule. Investors preferred to see the glass half full (i.e. Q4 FX-n growth of 5% vs. BG and CS at ~3%) instead of retaining the...
View ArticlePernod Ricard: Pernod Ricard gained US approval for Havana Club trademark
For more information, please contact marketing@bryangarnier.com
View ArticleSanofi: Pre-Q4 results communication suggests caution
For more information please contact marketing@bryangarnier.com
View ArticleSoftware AG: Preliminary FY15 results above expectations, FY16 guidance...
This morning Software AG pre-announced FY15 results above expectations thanks to an outstanding Q4 in licence sales for the DBP (Digital Business Platform) division, while sales in the A&N (Adabas...
View ArticleIliad: The wild child comes of age: thank you Orange!
We are initiating coverage of Iliad with a Buy recommendation and a fair value of €270, assuming the materialisation of the merger between Orange and Bouygues Telecom. In this consolidation, we...
View ArticleDelhaize: Q4 2015 trading statement (first take): so far so good
1/ Delhaize’s Q4 sales came in at EUR6.320bn (vs EUR6.287bn expected by the consensus), up 14.2% excluding the 53rd week (+4.9% at constant currency). 2/ Comparable sales grew 2.3% in the US (vs +2.4%...
View ArticleSAP: FY15 conference call feedback: solid on revenues, but there is no free...
We reiterate our Neutral rating and our DCF-derived fair value of EUR75 following the conference call held on last Friday , during which SAP released final FY15 results and confirmed FY16 guidance...
View ArticleConsumer durables: Emerging Markets: Are adidas, SEB and Luxottica...
Beyond Essilor (our Top Picks for Q1), three other stocks in our Consumer Goods coverage continue to beat the DJ Stoxx 600 Consumer Goods so far after a robust outperformance in 2015: (i) adidas (+7.5%...
View ArticleIpsen: Botox approved in ALL in the US
For more information, please contact marketing@bryangarnier.com
View ArticleAblynx: First bi-specific to reach the clinic in oncology
For more information, please contact marketing@bryangarnier.com
View ArticleGenmab: Daratumumab is becoming an increasingly critical asset for JNJ
For more information, please contact marketing@bryangarnier.com
View ArticleInfineon: FQ2 guidance is not alarming, we see room for good surprise
Yesterday, Infineon reported FQ1 in line with expectations with EPS at EUR0.17 vs. EUR0.16 expected by the Street, however concerns raised due to low operating margin guidance for FQ2. Following the...
View ArticleASK: Five new countries using ASK’s eID technologies
For more information, please contact marketing@bryangarnier.com
View ArticleCompass Group: Q1 IMS: A really strong start!
For more information, please contact marketing@bryangarnier.com
View ArticleNestlé offers to acquire the remaining stake in Israel’s Osem
For more information, please contact marketing@bryangarnier.com
View ArticleEngie: Not that easy to let go
According to French newspaper “Les Echos”, the French government has decided that Gerard Mestrallet should stay on as non-executive chairman at Engie, for two years after passing the role of chief...
View ArticleDassault Systèmes: Analysts' meeting and conference call feedback: between...
We reiterate our Sell rating and cut our DCF-derived fair value to EUR63 from EUR65, as we have reduced our adj. EPS ests. by 2% for 2016 and 4% for 2017-18 in order to make our forecasts converging...
View ArticleSafilo: New partnership on-board! Swatch chooses Safilo to diversify into...
For more information, please contact marketing@bryangarnier.com
View ArticleSoftware and IT Services: Cognizant warning on Financial Services: what...
Yesterday, Cognizant reported FY15 results and issued a cautious guidance range due to Financial Services and Healthcare. It warned of discretionary IT projects being pushed out and of slower growth in...
View Article
