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: • AkzoNobel | rejected offer from Nippon Paints and Sherwin Wiliams • E-commerce & Logistics | potential EC investigation JD.com/Ceconomy deal</li></ul>

In this edition: • AkzoNobel | rejected offer from Nippon Paints and Sherwin Wiliams • E-commerce & Logistics | potential EC investigation JD.com/Ceconomy deal

Zalando SE - What's News in Amsterdam - 27 May (AkzoNobel | E-commerce & Logistics)

<ul><li>In this edition: • ING | to cut ~1,250 full-time roles as part of an AI-driven efficiency program • Unilever | held discussions with Kraft Heinz on potential merger food and condiments units • Van Lanschot Kempen | strategic review of its listed (“liquid”) investment strategies.</li><li>• CTT Correios | solid performance in FY25; upbeat for FY26 despite geopolitical environment • E-commerce & Logistics | experts say abolition of EU de minimis rule will not be effective</li></ul>

In this edition: • ING | to cut ~1,250 full-time roles as part of an AI-driven efficiency program • Unilever | held discussions with Kraft Heinz on potential merger food and condiments units • Van Lanschot Kempen | strategic review of its listed (“liquid”) investment strategies.• CTT Correios | solid performance in FY25; upbeat for FY26 despite geopolitical environment • E-commerce & Logistics | experts say abolition of EU de minimis rule will not be effective

<ul><li>In this edition: • ASR Nederland | Vereniging Aegon as a new cornerstone investor?</li><li>• BAM Group | completes acquisition of Gebroeders Blokland • Sif Holding | ends year strong, outlook FY26 reiterated but what about FY27?</li><li>• Zalando | post earnings call comment</li></ul>

In this edition: • ASR Nederland | Vereniging Aegon as a new cornerstone investor?• BAM Group | completes acquisition of Gebroeders Blokland • Sif Holding | ends year strong, outlook FY26 reiterated but what about FY27?• Zalando | post earnings call comment

What's News in Amsterdam - 13 March (ASR Nederland | BAM Group | Sif Holding | Zalando)

<ul><li>In this edition: • Nexperia | Chinese management ordered to follow Chinese law • E-commerce & Logistics | national surcharge on non-EU low-value parcels “is illegal” • Dutch politics | D66 clearly benefits from first TV debate • Corporate Agenda | week 43 - 47</li></ul>

In this edition: • Nexperia | Chinese management ordered to follow Chinese law • E-commerce & Logistics | national surcharge on non-EU low-value parcels “is illegal” • Dutch politics | D66 clearly benefits from first TV debate • Corporate Agenda | week 43 - 47

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Zalando SE showcased a notable performance in Q1 2025, marked by a strategy-driven focus on ecosystem growth across its B2C and B2B operations.</li><li>The company reported an accelerated gross merchandise volume (GMV) growth of 6.5% year-on-year, leading to a revenue increase of 7.9% to EUR 2.4 billion.</li><li>This growth was notably supported by strong end-of-season sales and a promising spring/summer season start.</li></ul>

Zalando SE showcased a notable performance in Q1 2025, marked by a strategy-driven focus on ecosystem growth across its B2C and B2B operations.The company reported an accelerated gross merchandise volume (GMV) growth of 6.5% year-on-year, leading to a revenue increase of 7.9% to EUR 2.4 billion.This growth was notably supported by strong end-of-season sales and a promising spring/summer season start.

Zalando SE: Initiation of Coverage- Can Tech Innovation Cement Zalando’s Retail Supremacy?

Germany

Zalando SE provides online sale of fashion accessories. The Company offers clothing, sports products, shoes, bags, and other accessories for men, women, and children. Zalando markets its products worldwide.

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Zalando (ZAL GR)

Zalando SE - What's News in Amsterdam - 27 May (AkzoNobel | E-commerce & Logistics)

In this edition: • AkzoNobel | rejected offer from Nippon Paints and Sherwin Wiliams • E-commerce & Logistics | potential EC investigation...

The IDEA!

Zalando SE - What's News in Amsterdam

In this edition: • ING | to cut ~1,250 full-time roles as part of an AI-driven efficiency program • Unilever | held discussions with Kraft Heinz...

The IDEA!

What's News in Amsterdam - 13 March (ASR Nederland | BAM Group | Sif Holding | Zalando)

In this edition: • ASR Nederland | Vereniging Aegon as a new cornerstone investor? • BAM Group | completes acquisition of Gebroeders...

The IDEA!

Zalando SE - What's News in Amsterdam

In this edition: • Nexperia | Chinese management ordered to follow Chinese law • E-commerce & Logistics | national surcharge on non-EU...

The IDEA!

Zalando SE: Initiation of Coverage- Can Tech Innovation Cement Zalando’s Retail Supremacy?

Zalando SE showcased a notable performance in Q1 2025, marked by a strategy-driven focus on ecosystem growth across its B2C and B2B...

Baptista Research

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