All UAE Saudi Egypt
Reset All
Showing 9 of 13
  • UAE Flag
    FIRST LOOK NOTES
    13 Mar 2025
    Fertiglobe PLC
    BUY
    AED 2.19
    AED 3.20
    +46.12%

    UAE Equity Research - Fertiglobe PLC 4Q24 - First Look Note

    Total sales volume declined 23% YOY to 1.2 Mn MT in 4Q24 due to planned turnarounds in Algeria and the strategic deferral of certain shipments to 1Q25. Achieved its cost optimization target of USD 50 Mn in annual recurring savings in 2024 and remains on track to realize an incremental EBITDA of USD 100 Mn from its Manufacturing Improvement Plan (MIP) by the end of 2025.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    22 Nov 2024
    Fertiglobe PLC
    BUY
    AED 2.43
    AED 3.20
    +31.69%

    UAE Equity Research - Fertiglobe PLC 3Q24 - First Look Note

    Fertiglobe’s total sales volume declined 8.7% YOY to 1.38 Mn MT in 3Q24 due to gas and power supply fluctuations in Egypt & Algeria in addition to planned shutdowns. Achieved 92% of its USD 50 Mn run rate cost optimization target at the end of September 2024, and it expects to realize the full target by the end of 2024.
    Download
  • UAE Flag
    EARNINGS CALL INSIGHT
    12 Nov 2024
    Fertiglobe PLC
    BUY
    AED 2.52
    AED 3.20
    +26.98%

    UAE Equity Research - Fertiglobe PLC 3Q24 - Earnings Call Insight

    Total sales volume declined 4.2% YOY to 1.40 Mn metric tons in 3Q24, driven by a decline in both own-product and third-party sales. Own product sales fell 7.4% YOY to 1.36 Mn metric tons in 3Q24 due to planned and unplanned shutdowns, while third-party product sales declined significantly 55.0% YOY to 0.02 Mn metric tons in 3Q24
    Download
  • UAE Flag
    FIRST LOOK NOTES
    12 Oct 2024
    Fertiglobe PLC
    BUY
    AED 2.33
    AED 3.20
    +37.34%

    Lower realization of ammonia and urea impacted profitability

    Fertiglobe’s own-production sales volumes would have increased 8.1% YOY in 2Q24 excluding the impact of gas supply issues in Egypt
    Download
  • UAE Flag
    FIRST LOOK NOTES
    21 May 2024
    Fertiglobe PLC
    BUY
    AED 2.61
    AED 3.45
    +32.18%

    Lower sales prices and third-party sales volume impacted profitability

    Fertiglobe’s own product sales volumes rose 4.8% YOY in 1Q24 on the back of a strong order book whereas it expects to realize the benefits of the increase in nitrogen prices in the upcoming period.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    22 Nov 2023
    Fertiglobe PLC
    BUY
    AED 3.20
    AED 3.85
    +20.31%

    Lower nitrogen sales price coupled with lower third-party sales volume impacted profitability

    Ammonia and Urea prices bounced back c. 150% and c. 35% respectively from the trough level in June 2023 driven by demand recovery and tight supply. Fertiglobe’s own product sales volumes rose 7.8% YOY in 3Q23 on the back of a strong order book whereas it expects to realize the benefits of increase in nitrogen prices in 4Q23 financials. Fertiglobe launched a program to optimize its cost structure and targets USD 50 Mn recurring annualized savings by end of 2024. Fertiglobe’s board approved a div
    Download
  • UAE Flag
    FIRST LOOK NOTES
    16 Aug 2023
    Fertiglobe PLC
    HOLD
    AED 3.59
    AED 4.00
    +11.42%

    Correction in Nitrogen sales price coupled with lower sales volume impacted profitability

    Egypt urea prices bounced back 60% from the trough level in June 2023 driven by demand recovery, low inventories, and tight supply.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    16 Aug 2023
    Fertiglobe PLC
    HOLD
    AED 3.59
    AED 4.00
    +11.42%

    Correction in Nitrogen sales price coupled with lower sales volume impacted profitability

    Egypt urea prices bounced back 60% from the trough level in June 2023 driven by demand recovery, low inventories, and tight supply. Fertiglobe expects to start front end engineering design (FEED) process for the green hydrogen project in the UAE and Egypt during 2H23. The final investment decision on the Ta’ziz 1 mtpa low-carbon ammonia project is expected in the upcoming period. Fertiglobe launched a program to optimize its cost structure and targets USD 50 Mn recurring annualized savings by
    Download
  • UAE Flag
    FIRST LOOK NOTES
    19 May 2023
    Fertiglobe PLC
    BUY
    AED 3.18
    AED 4.00
    +25.79%

    Decline in Urea selling prices dragged bottom line

    Fertiglobe Plc’s (FERTIGLOBE/The Company) net Profit decreased significantly from USD 357 Mn in 1Q22 to USD 136 Mn in 1Q23, lower than our estimate of USD 164 Mn. The decrease was primarily attributable to lower revenue owing to a decline in selling prices of Urea & ammonia, an increase in SG&A, and finance charges partially offset by a decrease in the cost of sales and reversal of income tax along with a lower share of NCI.
    Download

Filter by

Advance Search

Search Company

List of companies
Search result
Commercial International Bank (COMI) Telecom Egypt