Independent Investment Research, The IDEA!

The IDEA!

Independent Investment Research

The Idea-Driven Equities Analyses company (the IDEA!) is an employee-owned boutique providing independent investment research and financial consultancy services with a clear focus on the Benelux countries. The company was founded in the summer of 2007 by Henk Slotboom and Maarten Verbeek, both with more than 35 years of professional experience in the financial sector. The IDEA! differentiates itself by focusing on adding value through self-initiated in-depth, idea-driven investment research, as well as by bespoke research assignments for institutional investors, hedge funds and private equity. In addition, we provide market intelligence, strategic research and – together with our business partners – consultancy services to businesses. In case you are interested in receiving more information, a sample of our products or an introductory meeting, please send a message to info@theidea.nl.

Thematic (Sector/Industry)

<ul>
<li>Ahold Delhaize’s results came in a bit better than expected, whereby especially the margin development in the US was the main (positive) surprise.</li>
<li>The margin in Europe was flat. Also impressive was the growth in online sales, both in Europe and the US.</li>
<li>The company reiterated its guidance for FY25 and announced a new EUR 1bn share buyback for 2026.</li>
</ul>


Ahold Delhaize’s results came in a bit better than expected, whereby especially the margin development in the US was the main (positive) surprise.
The margin in Europe was flat. Also impressive was the growth in online sales, both in Europe and the US.
The company reiterated its guidance for FY25 and announced a new EUR 1bn share buyback for 2026.


Equity Bottom-Up

<ul><li>In this edition: • Adyen | strong net revenue growth and take rate, both ahead of expectations • ASM International | clearly better than expected 25Q3 results, however, order intake well below consensus • InPost | High Court to rule on legal ownership dispute regarding Yodel • Philips | received warning letter from FDA after inspection at three facilities • Corbion | solid 25Q3 results – reiterates FY25 outlook guidance • PostNL/DHL/InPost | reliability of parcel delivery in the Netherlands is deteriorating • Dutch banking sector | Argenta believed to be interested in buying NIBC • Dutch General Elections | polls are predicting a close finish</li></ul>

In this edition: • Adyen | strong net revenue growth and take rate, both ahead of expectations • ASM International | clearly better than expected 25Q3 results, however, order intake well below consensus • InPost | High Court to rule on legal ownership dispute regarding Yodel • Philips | received warning letter from FDA after inspection at three facilities • Corbion | solid 25Q3 results – reiterates FY25 outlook guidance • PostNL/DHL/InPost | reliability of parcel delivery in the Netherlands is deteriorating • Dutch banking sector | Argenta believed to be interested in buying NIBC • Dutch General Elections | polls are predicting a close finish

ASM International NV - What's New(s) in Amsterdam

<ul>
<li>Ahold Delhaize/PostNL | Amazon to invest EUR 1.4bn in the Netherlands Dutch financial daily FD reports that Amazon intends to invest EUR 1.4bn in the next three years to strengthen its operations in the Netherlands.</li>
<li>The majority of the funds will support Dutch SMEs selling via Amazon.nl, helping them grow and compete with domestic rival bol.</li>
<li>The investment aligns with Amazon’s broader European expansion, following a EUR 1bn investment in Belgium. </li>
</ul>


Ahold Delhaize/PostNL | Amazon to invest EUR 1.4bn in the Netherlands Dutch financial daily FD reports that Amazon intends to invest EUR 1.4bn in the next three years to strengthen its operations in the Netherlands.
The majority of the funds will support Dutch SMEs selling via Amazon.nl, helping them grow and compete with domestic rival bol.
The investment aligns with Amazon’s broader European expansion, following a EUR 1bn investment in Belgium. 


<ul><li>In this edition: • CM.com | despite record high EBITDA, marked downward FY25 outlook adjustment • bpost | expands bbox network with 240 Lockers at Lidl Supermarkets • Dutch politics | coalition of financial organizations speaks out against tax on share buybacks</li></ul>

In this edition: • CM.com | despite record high EBITDA, marked downward FY25 outlook adjustment • bpost | expands bbox network with 240 Lockers at Lidl Supermarkets • Dutch politics | coalition of financial organizations speaks out against tax on share buybacks

What's New(s) in Amsterdam - 21 October (CM.com | bpostgroup | Dutch politics)

<ul><li>In this edition: • ASML Holding | reiterates FY25 outlook – expects revenue growth in 2026 • Heineken | to transform its Amsterdam headquarters; additional reduction 400 jobs • InPost | Royal Mail plans to double its UK parcel points by 2030 • Shell | FID on Nigerian offshore gas project • bpostgroup | launches a new B2B proposition: Night Delivery • Nexperia | more information on what led to this week’s events</li></ul>

In this edition: • ASML Holding | reiterates FY25 outlook – expects revenue growth in 2026 • Heineken | to transform its Amsterdam headquarters; additional reduction 400 jobs • InPost | Royal Mail plans to double its UK parcel points by 2030 • Shell | FID on Nigerian offshore gas project • bpostgroup | launches a new B2B proposition: Night Delivery • Nexperia | more information on what led to this week’s events

NXP Semiconductors NV - What's News in Amsterdam

Luxembourg

InPost S.A. is an e-commerce enablement platform. InPost provides delivery services through its network of automated parcel machines, including those in the UK, as well as to-door couriers and fulfillment services to e-commerce merchants.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Inpost (INPST NA)

What's New(s) in Amsterdam

Ahold Delhaize’s results came in a bit better than expected, whereby especially the margin development in the US was the main (positive) surprise.

The IDEA!

ASM International NV - What's New(s) in Amsterdam

In this edition: • Adyen | strong net revenue growth and take rate, both ahead of expectations • ASM International | clearly better than expected...

The IDEA!

What's New(s) in Amsterdam

Ahold Delhaize/PostNL | Amazon to invest EUR 1.4bn in the Netherlands Dutch financial daily FD reports that Amazon intends to invest EUR 1.4bn in...

The IDEA!

What's New(s) in Amsterdam - 21 October (CM.com | bpostgroup | Dutch politics)

In this edition: • CM.com | despite record high EBITDA, marked downward FY25 outlook adjustment • bpost | expands bbox network with 240 Lockers at...

The IDEA!

NXP Semiconductors NV - What's News in Amsterdam

In this edition: • ASML Holding | reiterates FY25 outlook – expects revenue growth in 2026 • Heineken | to transform its Amsterdam headquarters;...

The IDEA!

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)