Analysis: Stocks

Reply: Stronger than ever, although trading at a rare discount

Much like its peers, the Italian IT consulting firm has faced market headwinds since the artificial intelligence juggernaut took center stage.

Landsec: Strong operational performance, but macroeconomic conditions in the UK are less favourable.

Earnings/Sales releases The theme is familiar, yet its manifestation remains impressive. In the West End, office rents are increasing, with prime assets performing strongly. This trend is mirrored in...

WEX Inc. : Three Segments, One Edge

WEX is a Portland, Maine-based global commerce platform that processes hundreds of billions of dollars in transactions annually across three segments: Mobility , Corporate Payments , and Benefits . It...

Planet Fitness, Inc.: The Budget Gym Flexing Its Muscles

Founded in 1992 in Dover, New Hampshire, Planet Fitness has grown into one of the most recognizable fitness brands in the world. It's a franchisor: roughly 90% of its 2,896 clubs are independently...

Coty still in recovery mode

The market appears to be growing weary of successive restructurings at the fragrance and skincare specialist.

Eiffage becoming more resilient

Growth is expected to be lower this year for Eiffage, although the French utilities group maintains remains upbeat, with consistently high visibility and greater financial leeway in a European...

ERG: Q1 26: The wind is finally blowing again!

Earnings/Sales releases Like other European peers impacted by nearly two years of weak wind conditions, ERG has seen a clear improvement since Q4 2025. Wind load factors rose 5pp to 28% in Italy in...

Deutsche EuroShop: Still a cash dividend play

Earnings/Sales releasesRevenue growth in Q1 26 was moderate, correlated to “subdued Consumer sentiment”, as described by the company. A Cash Dividend of at least €1 per share will be proposed at...

Colonial SFL: Strong growth, flat earnings

Earnings/Sales releasesRevenue growth is robust at 7%, while FFO remains unchanged year-over-year. Guidance was reaffirmed. The tone of management's discourse remains positive, even though it still...

Bastide Le Confort Medical: Guidance confirmed despite transitory regulatory headwinds in Q3

Earnings/Sales releases Q3 Organic Growth temporarily slowed due to a French regulatory reform, reducing homecare revenue growth to 2.5% from 6.5% in H1. This headwind is anticipated to be a one-off...

SBM Offshore: The Discreet Deepwater Tollgate

In the deep seas, where majors seek their most strategic barrels, SBM installs the bridge, collects the toll and leaves others to face the volatility of the subsurface. SBM Offshore's business model...

Central Japan Railway is Growing but Doubts Remain on Board

Japan's busiest high-speed rail operator is speeding ahead: business travel has returned, government policy is firmly in its corner, and cities keep pulling in commuters. The earnings indeed reflect...

Orla Mining's Gold Profits Hide Cost Problem

Fueled by Canada's booming multi-billion-dollar gold sector, Orla Mining Ltd. is riding a wave of production growth. However, with mining costs doubling this leaves the company exposed if global gold...

Nordex: Between Maturity and Vigilance

The German wind power leader has validated its restructuring, posting one of the strongest gains on the DAX over the past year. For now, its results remain shielded from Middle East tensions. However,...

National Grid: FY25/26: National Grid Commits £70bn to UK and US Infrastructure Growth

Earnings/Sales releases National Grid reported FY25/26 results in line with expectations, with underlying EPS of 78p, implying 6% growth YoY. Management struck a constructive tone on the new RIIO-T3...

Eiffage: Soft Q1 as German energy tailwind fades

Earnings/Sales Releases Eiffage's Q1 2026 print is the first genuinely soft quarter the group has delivered in some time. Headline revenue of €5.65bn was up just +0.6% YoY , a sharp step down from...

Troubling Parallels at Cisco Systems

Exactly twenty-six years ago, just before the dot-com bubble burst, Cisco held the crown as the world's most highly valued company, accounting for 5% of the Nasdaq index on its own.

Snam: Robust Q1 26 Supports Guidance Despite Middle East Tensions

Earnings/Sales releases Snam delivered a strong Q1 2026 performance, with adjusted EBITDA up 9% YoY to €775m , primarily driven by regulated revenues, which accounted for 87% of the total. The...

Itv: A promising start to the year, clouded by protracted Sky negotiations

Earnings/Sales releasesITV has just published rather good Q1 results with an attractive outlook for Q2. We expect a slightly positive share price reaction due to the strong outlook on Advertising and...