Despite less favourable comps in Q4, #EDENRED posted 12.4% operating revenue LFL growth
All segments and regions contributed to this performance with double-digit LFL growth, and Edenred benefited from strong sales momentum in the SME market.
Edenred is confident in its capacity to maintain sustained organic growth in all geographies and segments. Also it confirmed its continued transition towards fully digital solutions.
Takeaways:
·Very strong growth across the board, which draws the quality of the business momentum.
·Ebitda Margins back at pre-covid levels (41%).
·Very strong FCF (77% of conversion from EBITDA).
·Stong outlook22
·Strong BSheet that allows M&A/Higher shareholder remuneration.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
📡 ABInBev $ABI posted this morning 4Q & FY21 numbers.
FY21:
· Sales +15.6% LfL vs +14.7% CSS, with volumes +9.6% and prices +6%.
· EBITDA +11.8% LfL vs +11.4% CSS.
· Slowest growth in EBITDA than sales means margin compression.
$ABI.BE $BUD
4Q21:
· Sales +12% LFL (vs +9% CSS); being +4% vols and +8% pricing.
· EBITDA $4.9bn (-3.6% vs -5.2% CSS).
Positive commercial momentum, gaining share in main markets. Good evol of premium segment (better mix), partially offsets the pressure in raw materials and logistics costs.
· Net debt/EBITDA declined from 4.78X in 2020 to 3.96X in 2021 due to the bouble efffect of debt reduction and higher EBITDA. Still, the company is quite financially leveraged.
· It comes back to paying dividends, with a proposal of 50c/sh in charge of 2021 results.
The Allianz Group is one of the leading integrated financial services providers worldwide.
How well do you know this company?
Do you understand insurance?
Here I will help you better understand the 8th largest company by market cap in the EuroStoxx50.
👇🧵
$ALV.DE $ALV $ALIZY
Allianz is the world's largest Property and Casualty (P&C) insurer.
Also it is a global leader in Life & Health and in Asset Management (owns PIMCO and Allianz Global Investors - With €2.4tn of Assets under Management at end 2020).
Operating Profit'20 by business:
· 38% non-life insurance
· 38% life insurance
· 24% asset management
🗣️
· Comercial Aviation EBIT was in line. Beat came from Defence&Space and Helicopters.
· FCF was helped by WC movements.
. Use of cash: increased dividends, support customer financing and may put money aside to reduce the €7bn pension deficit.
· Cautions on challenging ramp-up.