Equity Analysis

Lindt & Sprüngli: The cocoa storm is easing, but volume must still return

Lindt delivered robust FY25 results on pricing strategies and cost management, raised shareholder returns via a dividend increase and a new share buyback, and refined guidance as Cocoa Price Inflation...

HUGO BOSS: Q4 momentum ahead of reset year

Chapeau: Q4 strength in Boss Menswear and EMEA sets a firmer base for Hugo Boss as it enters a strategic reset, with FY26 outlook tempered but margins and cost management pointing to healthier...

Galenica: Solid FY26 guidance but valuation limits upside

Chapeau: Strong FY25 delivery with an earnings beat, dividend increase, and upgraded mid-term guidance underline momentum; premium valuation versus Healthcare distribution peers tempers...

Booking: Guilty until proven innocent?

The global leader in online travel just closed out 2025 with results any CEO would sign off on in a heartbeat: 1.235 billion room nights booked, EPS up 22%, $9.1 billion in free cash flow. In...

The Constellation Software trinity valued on an even footing

At last, a rebound for Constellation Software and its subsidiaries Topicus and Lumine, both partially spun out from the flagship, and respectively listed independently since 2021 and 2023.

Persimmon: Bricks and caution

Persimmon has put in a solid year, and the market liked it. Yet the results say less about a boom in British housing than about a builder using a quiet market to prepare for the next turn in the...

K92 Mining Secures the Bag

While the global economy spent the last year dodging curveballs, this Vancouver-based powerhouse was busy scaling mountains in Papua New Guinea to secure a massive windfall. What's more is that K92...

Inventurus: AI-Driven Leader in Healthcare Enablement

Inventurus Knowledge Solutions Limited has rapidly evolved into a high-margin, technology-driven healthcare enablement leader, leveraging deep US market penetration, expanding AI-powered capabilities,...

UBS Ends a Strong Run Amid a Standoff with Finma

Europe's leading wealth and asset manager - more than half of its revenues, or twice as much as its investment bank and retail bank segments - published its annual results this morning.

Successful transformation at the engineering giant Jacobs

Capped by its recent acquisition of PA Consulting, the global leader in engineering consulting has successfully completed a decade of strategic repositioning.

Capricorn Metals is Mining Milestones

Aussie gold miners have the global chaos of last year to thank for their current winning streak. Between trade wars and shaky markets, the price of gold has basically climbed vertically. Because of...

Analysts Project Continued Growth for Nexteer Automotive

Nexteer Automotive is steering into a sweet spot. While global auto markets fracture along geopolitical fault lines, this motion control specialist thrives by planting flags in growth hotspots and...

AI-Driven Growth Boosts Tongcheng's Travel Dominance

Tongcheng has rapidly developed into a leading force in China's mass-market travel landscape, leveraging its expanding hotel network, AI-driven travel infrastructure, and deep penetration into...

DHL Group: Navigating the mercurial backdrop well, 2026 EBIT target falls short of expectations

DHL navigated a mixed quarter with solid execution in Express offsetting softer trends elsewhere. free cash flow underwhelmed versus expectations but remained above the group’s 2025 target, and...

SFS Group: Resilience across margins despite challenging end markets

Chapeau: Solid profitability and cash generation offset FX headwinds and muted demand, with cautious FY26 guidance underpinned by efficiency gains and pricing discipline. Earnings/Sales releases SFS...

Atos: Second gear engaged

After a tough year, Atos delivered in-line results and, crucially, set out credible Guidance, including a 2026 7% operating margin target, signaling a potential turn toward sustainable recovery and a...

IMI: End of 2025 sets up continued traction in 2026, £500m buyback announced

Solid 2025 execution at IMI underpinned a constructive 2026 outlook, with robust cash generation supporting a £500m buyback alongside a higher dividend and resilient margins. Earnings/Sales...

Entain: BetMGM profitability and continued online momentum support the story

Entain delivers a solid set of FY25 results, underpinned by resilient Online trends and BetMGM turning profitable, strengthening the group’s cash flow outlook. Despite United Kingdom regulatory...

Men and women still take markedly different approaches to investing

The barometer published by the AMF for International Women's Day, for instance, highlights sharp divergences when it comes to cryptoassets.