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: • InPost | 4Q25 results impacted by growing pains in the UK • Unilever | said to be exploring spin-off of food business</li></ul>

In this edition: • InPost | 4Q25 results impacted by growing pains in the UK • Unilever | said to be exploring spin-off of food business

What's News in Amsterdam - 18 March (InPost | Unilever)

<ul><li>In this edition: • Aegon | healthy appetite for its UK business • MICC / Unilever | six of eight independent directors exit Ben & Jerry’s board • Dutch consumer confidence | down 2 points at -/-23 in January</li></ul>

In this edition: • Aegon | healthy appetite for its UK business • MICC / Unilever | six of eight independent directors exit Ben & Jerry’s board • Dutch consumer confidence | down 2 points at -/-23 in January

What's News in Amsterdam - 23 January (Aegon | MICC / Unilever | Consumer confidence)

<ul><li>In this edition: • Magnum Ice Cream Co. | to oust Ben & Jerry’s chair, escalating governance dispute</li></ul>

In this edition: • Magnum Ice Cream Co. | to oust Ben & Jerry’s chair, escalating governance dispute

Unilever Nigeria Plc - What's New(s) in Amsterdam - 16 December (The Magnum Ice Cream Company)

Thematic (Sector/Industry)

<ul>
<li>Dutch Telegraaf newspaper reports that Substrate, a US-based start-up founded in 2022, aims to challenge ASML’s dominance in advanced chip machinery.</li>
<li>Unlike ASML’s extreme-ultraviolet (EUV) lithography, Substrate uses beams from a mini-particle accelerator, claiming this method can produce smaller, cheaper chips.</li>
<li>The company intends not only to sell the machines but also to manufacture chips in-house at a US facility within a few years.</li>
</ul>


Dutch Telegraaf newspaper reports that Substrate, a US-based start-up founded in 2022, aims to challenge ASML’s dominance in advanced chip machinery.
Unlike ASML’s extreme-ultraviolet (EUV) lithography, Substrate uses beams from a mini-particle accelerator, claiming this method can produce smaller, cheaper chips.
The company intends not only to sell the machines but also to manufacture chips in-house at a US facility within a few years.


<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.


Nigeria

Unilever Nigeria Plc manufactures and markets consumer products primarily in the home, personal care and foods categories. The Company sells products such as Omo washing powder, Key soap, Royco bouillon, Lipton tea, Blue Band margarine, Pears baby care goods, Vaseline petroleum jelly, Lux soap, and Close Up toothpaste.

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Unilever Nigeria (UNILEVER NL)

What's News in Amsterdam - 18 March (InPost | Unilever)

In this edition: • InPost | 4Q25 results impacted by growing pains in the UK • Unilever | said to be exploring spin-off of food business

The IDEA!

What's News in Amsterdam - 23 January (Aegon | MICC / Unilever | Consumer confidence)

In this edition: • Aegon | healthy appetite for its UK business • MICC / Unilever | six of eight independent directors exit Ben & Jerry’s...

The IDEA!

Unilever Nigeria Plc - What's New(s) in Amsterdam - 16 December (The Magnum Ice Cream Company)

In this edition: • Magnum Ice Cream Co. | to oust Ben & Jerry’s chair, escalating governance dispute

The IDEA!

What's News in Amsterdam

Dutch Telegraaf newspaper reports that Substrate, a US-based start-up founded in 2022, aims to challenge ASML’s dominance in advanced chip machinery.

The IDEA!

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!

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