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.

Equity Bottom-Up

<ul><li>In this edition: • Shell | buys Canadian shale producer for USD 16.4bn • PostNL | mixed 1Q26; facing geopolitical and macro headwinds</li></ul>

In this edition: • Shell | buys Canadian shale producer for USD 16.4bn • PostNL | mixed 1Q26; facing geopolitical and macro headwinds

What's News in Amsterdam - 28 April (Shell | PostNL)

<ul><li>In this edition: • Ahold Delhaize / InPost / PostNL | logistics costs are on the rise • AkzoNobel | to sell AkzoNobel Pakistan to the Packages Group • KPN | mass claim against Odido in preparation • Philips | issues correction for its Trilogy Evo platform ventilators • bnode | preliminary agreement with the unions • Corporate Agenda | week 17 – 21</li></ul>

In this edition: • Ahold Delhaize / InPost / PostNL | logistics costs are on the rise • AkzoNobel | to sell AkzoNobel Pakistan to the Packages Group • KPN | mass claim against Odido in preparation • Philips | issues correction for its Trilogy Evo platform ventilators • bnode | preliminary agreement with the unions • Corporate Agenda | week 17 – 21

<ul><li>In this edition: • ING | aiming for a more active role on the insurance market • SBM Offshore | selected to construct two SEAP FPSOs under the BOT model by Petrobras • InPost / PostNL | Nova Post enters partnership with Vinted in the Netherlands • Basic-Fit | raises of EUR 307.6m offering convertible bonds due 2031 • D’Ieteren / Belron | Belron preparing for IPO in Amsterdam • Dutch economy | CPB reduces GDP growth forecast and increases inflation estimates • Dutch housing market | average selling price existing home down 2.7% QoQ but up 2.7% YoY</li></ul>

In this edition: • ING | aiming for a more active role on the insurance market • SBM Offshore | selected to construct two SEAP FPSOs under the BOT model by Petrobras • InPost / PostNL | Nova Post enters partnership with Vinted in the Netherlands • Basic-Fit | raises of EUR 307.6m offering convertible bonds due 2031 • D’Ieteren / Belron | Belron preparing for IPO in Amsterdam • Dutch economy | CPB reduces GDP growth forecast and increases inflation estimates • Dutch housing market | average selling price existing home down 2.7% QoQ but up 2.7% YoY

Sligro Food Group NV - What's News in Amsterdam

<ul><li>In this edition: • AkzoNobel | PPG reports better than expected 1Q26; up to 20% increase in selling prices • Basic-Fit | strong start of the year – increase EBITDA outlook reflecting France 24/7 development • Basic-Fit | received approval to operate staffless 24/7 clubs in France • PostNL | to retain its monopoly on the USO • Sligro Food Group | mixed start of the year; no guidance for 1H26 • TomTom | clear beat in profitability driven by lower operating expenses – reiterates FY26 outlook</li></ul>

In this edition: • AkzoNobel | PPG reports better than expected 1Q26; up to 20% increase in selling prices • Basic-Fit | strong start of the year – increase EBITDA outlook reflecting France 24/7 development • Basic-Fit | received approval to operate staffless 24/7 clubs in France • PostNL | to retain its monopoly on the USO • Sligro Food Group | mixed start of the year; no guidance for 1H26 • TomTom | clear beat in profitability driven by lower operating expenses – reiterates FY26 outlook

What's News in Amsterdam - 16 April (AkzoNobel | Basic-Fit | PostNL | Sligro Food Group | TomTom)

<ul><li>In this edition: • Aegon | to sell Aegon UK for GBP 0.75bn cash and a 15.3% stake in Standard Life • ASML Holding | finetunes FY26 net sales outlook to upper end of initial range • bnode | labour dispute reached a new climax yesterday</li></ul>

In this edition: • Aegon | to sell Aegon UK for GBP 0.75bn cash and a 15.3% stake in Standard Life • ASML Holding | finetunes FY26 net sales outlook to upper end of initial range • bnode | labour dispute reached a new climax yesterday

What's News in Amsterdam - 15 April (Aegon | ASML Holding | bnode)

Netherlands

PostNL NV collects, transports, stores, sorts, and distributes letters, printed matter, parcels, documents, and freight items.  The Company provides mail and logistics services domestically and internationally.

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PostNL NV (PNL NA)

What's News in Amsterdam - 28 April (Shell | PostNL)

In this edition: • Shell | buys Canadian shale producer for USD 16.4bn • PostNL | mixed 1Q26; facing geopolitical and macro headwinds

The IDEA!

What's New(s) in Amsterdam 20 April (Ahold Delhaize/InPost/PostNL | AkzoNobel | KPN | Philips | bnode | Corporate agenda)

In this edition: • Ahold Delhaize / InPost / PostNL | logistics costs are on the rise • AkzoNobel | to sell AkzoNobel Pakistan to the Packages...

The IDEA!

Sligro Food Group NV - What's News in Amsterdam

In this edition: • ING | aiming for a more active role on the insurance market • SBM Offshore | selected to construct two SEAP FPSOs under the BOT...

The IDEA!

What's News in Amsterdam - 16 April (AkzoNobel | Basic-Fit | PostNL | Sligro Food Group | TomTom)

In this edition: • AkzoNobel | PPG reports better than expected 1Q26; up to 20% increase in selling prices • Basic-Fit | strong start of the year...

The IDEA!

What's News in Amsterdam - 15 April (Aegon | ASML Holding | bnode)

In this edition: • Aegon | to sell Aegon UK for GBP 0.75bn cash and a 15.3% stake in Standard Life • ASML Holding | finetunes FY26 net sales...

The IDEA!

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