Apr 24 2026
Industrials
Recent Research
Mondi, Underlying EBITDA misses expectations
Apr 24 2026
Volution, Simply Fan-tastic
Apr 8 2026
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Holcim
FY guidance reiterated following good Q1
Good performance in the AMEA region (North Africa and Australia) has helped to offset a weaker Europe performance (bad weather) in Q1. Holcim has reiterated guidance for the full...
Mondi
Underlying EBITDA misses expectations
Lower pricing and higher energy costs towards the end of the quarter pushed down underlying EBITDA in Q1, partially offset by increases in volume. Mondi is now actively taking pricing...
Saint-Gobain Group
Resilient Q1 sales performance as full year guidance unchanged
Harsh weather and a foreign exchange translational headwind combined to make it a challenging first quarter for Saint-Gobain (SGO). That said, the 2.3% year-on-year (yoy) contraction...
CRH
Q1 preview: results to confirm growth potential in FY26
While Q1 tends to be a smaller quarter financially, we expect CRH to reiterate that another year of strong profit growth and margin expansion is likely in 2026. The year-to-date...
Barratt Redrow plc
Build cost inflation a key concern for FY 2027
Barratt Redrow expects to deliver completions growth in line with previous guidance and adjusted profit before tax consistent with current consensus estimates. We note the rise in...
Vistry Group
Adam Daniels appointed CEO with immediate effect
Adam Daniels has been appointed Chief Executive Officer (CEO) of Vistry Group with immediate effect. Previously he was Executive Chair of the Yorkshire, North Midlands and West...
Volution
Simply Fan-tastic
Volution’s consistent healthy organic revenue growth, coupled with the stimulus from M&A, continues to translate into earnings upgrades. This sets it apart from its peers, both direct...
Berkeley Group
Significant reduction in expectations
Berkeley Group management is now significantly reducing medium-term expectations due, it says, to the current conflict in the Middle East and weakening consumer confidence. The London...
Glenveagh Properties
Accelerating cash returns; increasing price target to €2.49
In this report, we illustrate the significant medium-term cashflow potential for Glenveagh Properties. Over €400m in free cashflow (FCF) is likely to be generated in the next three...
Buzzi Spa
Solid FY25 results
FY25 results are in line with expectations on an EBITDA level but well ahead of forecasts at a net profit level (driven mainly by finance costs). FY26 guidance implies modest downgrades...
