D/s Norden


Awaiting for an improvement in Freight Services & Trading

31/05/24 -"The 2023 EPS reflects the actual figure. The main difference with our forecast was on depreciation and the financial result. Our new 2024 and 2025 EPS forecasts include the updating of the number of ..."

Pages
36
Language
English
Published on
31/05/24
You may also be interested by these reports :
17/12/25
The one striking development in the annual race between sectors, is not Banks or Aerospace Defence. It is about the small and motley Transport ...

26/11/25
The FY25 figures came in above the consensus by low-to-mid-single digit percentages but fell slightly short of our estimates. This was largely helped ...

20/11/25
IAG (ADD ; Spain)’s share price has outperformed the sector for a while, with the strong performance earlier this year, reflecting very high ...

19/11/25
Our in-person discussion with Lufthansa’s C-suite and IR provided clearer visibility on the pacing of the turnaround, the timing and magnitude of ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO