The company performed better than model in Q1. Revenues were lower, but management had been renegotiating supply contracts, which is beginning to
Read More
The pace of decline at ASDA is slowing, but there is a long way to go for ASDA. The response from competitors to price rollbacks has been
Read More
Adler Pelzer beat our expectations in Q2, primarily due to lower tooling business than last year. Otherwise, the quarter looked in line with
Read More
The price cuts at ASDA are not yet helping the top line, but it was always going to take time to work. The -3.2% revenue for ASDA may
Read MoreThe secondary offering raised $950m for LVMH, whilst reducing its shareholding from 72% to 62%. The $52.50 price per share is
Read MoreQuickly finding a replacement for the old CFO is a positive for Boparan/2 Sisters. With the refinance behind them, the new CFO has
Read MoreAMS Osram has successfully concluded its long-standing legal dispute with Renesas Electronics, securing a settlement of $51.7 million. Although the
Read More
Altice SFR France has made further progress in its financial restructuring, having secured majority support from its revolving
Read More
Our main takeaway from yesterday’s call was the confirmation that Altice International were in discussions to sell a stake in its
Read More
Operational performance was in line with our expectations but was eclipsed by the upheaval in the boardroom. The first quarter is
Read More
Another weak quarter with disappointing customer retention. Also, indexation recovery will be impeded as from July, cleaning wages will increase more than
Read More
AroundTown released its Q1 results this morning, reflecting continued positive momentum. While the pace of disposals was slightly below our expectations, the company remains
Read More
Headline figures show a modest decline in LTM EBITDA, primarily driven by increased marketing expenditures and the impact of
Read More
Q1 results this morning are encouraging. EBITDA came in slightly ahead of expectations and WC was managed much more tightly, to the point where
Read More
Solar revenues were slightly ahead of model and overall EBITDA was on target. From there, the main difference was a slight
Read More
We are due to update our long-running Adler analysis as the company’s path to the next refinancing or sale becomes clearer and the numbers
Read More
The results were below our estimates, but an improving gross margin and stable unit sales will keep the bonds from widening as
Read More