Announcement • Apr 18
Orascom Development Holding AG, Annual General Meeting, May 08, 2025 Orascom Development Holding AG, Annual General Meeting, May 08, 2025, at 15:00 W. Europe Standard Time. Announcement • Feb 27
LPSO Foundation Company completed the acquisition of remaining 19.7% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 65.9 million. LPSO Foundation Company proposed to launch a tender offer to acquire remaining 22.13% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 74.1 million on December 17, 2024. LPSO will acquire 13.2 million shares at a price of CHF 5.6 per share. LPSO will finance the Offer with funds provided by the Major Shareholder Group. The tender offer is expected to commence on January 9, 2025 and to end on February 5, 2025, 4:00 p.m. Central European Time (CET) (subject to any extension). After the expiration, if the Offer is declared successful, there will be an additional acceptance period of ten (10) Trading Days for the subsequent acceptance of the Offer (the "Additional Acceptance Period"). The Additional Acceptance Period is expected to begin on February 12, 2025 and to end on February 25, 2025, 4.00 p.m. Central European Time (CET) and intends to launch a Squeeze out and to delist the Orascom Shares from SIX following the Settlement. The board of directors of Orascom Development Holding AG has unanimously approved the transaction and has abstained from making a recommendation to the shareholders regarding the acceptance or rejection of the Offer. The transaction is expected to close on February 5, 2025.
UBS Group AG acted as financial advisor to LPSO Foundation Company. IFBC AG acted as fairness opinion provider to Orascom Development Holding AG. Marcel Jans and Klaus Krohmann of BDO Ltd acted as accountant to Orascom Development Holding AG. Tino Gaberthüel and Simone Ehrsam of Lenz & Staehelin acted as legal advisor to Orascom Development Holding AG.
LPSO Foundation Company completed the acquisition of remaining 19.7% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 65.9 million on February 25, 2025. The settlement of the offer is expected to occur on March 11, 2025. Announcement • Feb 26
Shares of Orascom to Delist from the Exchange After Completion of Transaction LPSO Holding Ltd, an entity controlled by the Sawiris family, has secured a shareholding of 97.52% in Switzerland-based real estate and hospitality company Orascom Development Holding as of the end of an additional offer period. According to provisional results, LPSO now holds 58.3 million shares, or 97.52% of the capital, subject to completion of the offer. The settlement is expected to occur on March 11, 2025. After that, LPSO intends to delist Orascom. Announcement • Dec 19
LPSO Foundation Company proposed to launch a tender offer to acquire remaining 22.13% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 74.1 million. LPSO Foundation Company proposed to launch a tender offer to acquire remaining 22.13% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 74.1 million on December 17, 2024. LPSO will acquire 13.2 million shares at a price of CHF 5.6 per share. LPSO will finance the Offer with funds provided by the Major Shareholder Group. The tender offer is expected to commence on January 9, 2025 and to end on February 5, 2025, 4:00 p.m. Central European Time (CET) (subject to any extension). After the expiration, if the Offer is declared successful, there will be an additional acceptance period of ten (10) Trading Days for the subsequent acceptance of the Offer (the "Additional Acceptance Period"). The Additional Acceptance Period is expected to begin on February 12, 2025 and to end on February 25, 2025, 4.00 p.m. Central European Time (CET) and intends to launch a Squeeze out and to delist the Orascom Shares from SIX following the Settlement. The board of directors of Orascom Development Holding AG has unanimously approved the transaction and has abstained from making a recommendation to the shareholders regarding the acceptance or rejection of the Offer. The transaction is expected to close on February 5, 2025.
UBS Group AG acted as financial advisor to LPSO Foundation Company. IFBC AG acted as fairness opinion provider to Orascom Development Holding AG. Marcel Jans and Klaus Krohmann of BDO Ltd acted as accountant to Orascom Development Holding AG. Tino Gaberthüel and Simone Ehrsam of Lenz & Staehelin acted as legal advisor to Orascom Development Holding AG. New Risk • Dec 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swiss stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Price Target Changed • Dec 04
Price target decreased by 7.0% to CHF4.09 Down from CHF4.40, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CHF3.96. Stock is down 16% over the past year. The company is forecast to post earnings per share of CHF0.62 for next year compared to CHF0.51 last year. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: CHF0.02 (vs CHF0.03 in 3Q 2023) Third quarter 2024 results: EPS: CHF0.02 (down from CHF0.03 in 3Q 2023). Revenue: CHF130.5m (down 17% from 3Q 2023). Net income: CHF1.30m (down 28% from 3Q 2023). Profit margin: 1.0% (down from 1.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: CHF0.04 (vs CHF0.07 in 2Q 2023) Second quarter 2024 results: EPS: CHF0.04 (down from CHF0.07 in 2Q 2023). Revenue: CHF160.9m (up 19% from 2Q 2023). Net income: CHF2.70m (down 25% from 2Q 2023). Profit margin: 1.7% (down from 2.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. New Risk • Aug 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swiss stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Major Estimate Revision • May 28
Consensus EPS estimates fall from profit to CHF0.55 loss The consensus outlook for fiscal year 2024 has been updated. Forecast loss of -CHF0.55 per share in 2024, versus previous forecasts of CHF0.659 per share. Revenue forecast unchanged from CHF685.5m at last update. Hospitality industry in Switzerland expected to see average net income growth of 35% next year. Consensus price target of CHF4.60 unchanged from last update. Share price fell 2.4% to CHF4.12 over the past week. New Risk • May 27
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: CHF12m Forecast net loss in 1 year: CHF12m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (CHF12m net loss next year). Share price has been volatile over the past 3 months (6.0% average weekly change). Reported Earnings • May 24
First quarter 2024 earnings released: CHF0.57 loss per share (vs CHF0.12 profit in 1Q 2023) First quarter 2024 results: CHF0.57 loss per share (down from CHF0.12 profit in 1Q 2023). Revenue: CHF151.5m (up 16% from 1Q 2023). Net loss: CHF34.1m (down CHF38.8m from profit in 1Q 2023). Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Announcement • Apr 23
Orascom Development Holding AG, Annual General Meeting, May 13, 2024 Orascom Development Holding AG, Annual General Meeting, May 13, 2024, at 15:00 Central European Standard Time. Agenda: To consider Approval of the Annual Report, the Annual Financial Statements and the Consolidated Financial Statements; to consider allocation of annual result; to consider consultative vote on the 2023 Compensation Report; to consider granting of discharge to the members of the Board of Directors and the Executive Management; to consider approval of the compensation of the Board of Directors and the Executive Management; to consider re-election of directors; to consider re-election of the auditors; and to consider other matters. Major Estimate Revision • Mar 24
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from CHF623.8m to CHF648.8m. EPS estimate increased from CHF0.371 to CHF0.409 per share. Net income forecast to grow 80% next year vs 22% growth forecast for Hospitality industry in Switzerland. Consensus price target of CHF4.60 unchanged from last update. Share price rose 6.6% to CHF4.50 over the past week. Announcement • Mar 12
Orascom Development Holding AG to Report Fiscal Year 2023 Results on Mar 26, 2024 Orascom Development Holding AG announced that they will report fiscal year 2023 results at 7:00 AM, Central European Standard Time on Mar 26, 2024 Major Estimate Revision • Jan 24
Consensus EPS estimates increase by 35%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CHF659.3m to CHF625.5m. EPS estimate rose from CHF0.277 to CHF0.374. Net income forecast to grow 77% next year vs 20% growth forecast for Hospitality industry in Switzerland. Consensus price target down from CHF7.65 to CHF5.10. Share price fell 7.9% to CHF4.53 over the past week. Major Estimate Revision • Nov 26
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CHF671.2m to CHF659.3m. EPS estimate also fell from CHF0.32 per share to CHF0.277 per share. Net income forecast to grow 95% next year vs 18% growth forecast for Hospitality industry in Switzerland. Consensus price target of CHF7.38 unchanged from last update. Share price fell 4.4% to CHF4.97 over the past week. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: CHF0.03 (vs CHF0.043 in 3Q 2022) Third quarter 2023 results: EPS: CHF0.03. Revenue: CHF156.9m (down 17% from 3Q 2022). Net income: CHF1.80m (up 3.7% from 3Q 2022). Profit margin: 1.1% (up from 0.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Hospitality industry in Europe. Announcement • Nov 08
Orascom Development Holding AG to Report Nine Months, 2023 Results on Nov 16, 2023 Orascom Development Holding AG announced that they will report nine months, 2023 results on Nov 16, 2023 Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CHF5.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the Hospitality industry in Europe. Total loss to shareholders of 46% over the past three years. Reported Earnings • Aug 20
Second quarter 2023 earnings released: EPS: CHF0.07 (vs CHF0.031 in 2Q 2022) Second quarter 2023 results: EPS: CHF0.07 (up from CHF0.031 in 2Q 2022). Revenue: CHF135.0m (up 5.0% from 2Q 2022). Net income: CHF3.60m (up 183% from 2Q 2022). Profit margin: 2.7% (up from 1.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Aug 08
Orascom Development Holding AG to Report First Half, 2023 Results on Aug 17, 2023 Orascom Development Holding AG announced that they will report first half, 2023 results on Aug 17, 2023 New Risk • Aug 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (4.5% average weekly change). Shareholders have been diluted in the past year (48% increase in shares outstanding). Price Target Changed • Jun 15
Price target decreased by 13% to CHF7.38 Down from CHF8.53, the current price target is an average from 2 analysts. New target price is 12% above last closing price of CHF6.58. Stock is down 28% over the past year. The company is forecast to post earnings per share of CHF0.32 for next year compared to CHF0.57 last year. Major Estimate Revision • Jun 11
Consensus revenue estimates decrease by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CHF745.9m to CHF619.1m. EPS estimate unchanged from CHF1.14 per share at last update. Hospitality industry in Switzerland expected to see average net income growth of 9.6% next year. Consensus price target of CHF8.53 unchanged from last update. Share price fell 2.7% to CHF6.42 over the past week. Announcement • May 17
Orascom Development Holding AG to Report Q1, 2023 Results on May 17, 2023 Orascom Development Holding AG announced that they will report Q1, 2023 results on May 17, 2023 Announcement • Feb 01
Orascom Development Holding AG Appoints Wael Al Lawati as the New Chief Executive Officer of Muriya Orascom Development Holding AG announced the appointment of Wael Al Lawati as the New Chief Executive Officer of Muriya, including the awarding-winning communities of Jebel Sifah and Hawana Salalah. In support of Orascom Development's ambition to be a pre-eminent, multi-national developer, Al Lawati will be responsible for setting the business agenda for the Group's Oman destinations, including leading the overall strategy in alignment with Orascom Development's strategy, facilitating delivery against the annual business plans and instilling best practices throughout these destinations. In addition, he will be an integral member of Orascom Development's Executive Committee, reporting directly to the Group CEO, Omar El Hamamsy. Al Lawati brings a wealth of experience and proven track record of delivering results in tourism, real estate and other sectors. As a seasoned Omani National, he has held several other leadership positions including CEO of Oman Tourism Development Company (OMRAN) and founder of The Wave Muscat (AlMouj), where he successfully led Oman's first integrated tourism and real estate development. More recently, he served as COO for a real estate advisory and spearheaded international growth at DAMAC Properties. Additionally, Al Lawati was a board member of Muriya between 2008 and 2015. Al Lawati was selected as a member of the Young Arab Leaders and was a board member of the Middle East Leadership Academy (MELA). He previously served on the boards of the Oman Society of Engineers and the Oman Society of Contractors. His engineering background coupled with Real Estate Certification from Cornell University and Executive Education at Harvard Business School, IMD and INSEAD provide him with a well-rounded profile and track record. Major Estimate Revision • Nov 30
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CHF588.4m to CHF631.7m. EPS estimate fell from CHF0.69 to CHF0.59 per share. Net income forecast to grow 143% next year vs 8.9% growth forecast for Hospitality industry in Switzerland. Consensus price target of CHF7.20 unchanged from last update. Share price fell 2.6% to CHF7.60 over the past week. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: CHF0.04 (vs CHF0.024 loss in 3Q 2021) Third quarter 2022 results: EPS: CHF0.04 (up from CHF0.024 loss in 3Q 2021). Revenue: CHF188.9m (up 30% from 3Q 2021). Net income: CHF1.74m (up CHF2.71m from 3Q 2021). Profit margin: 0.9% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target decreased to CHF7.20 Down from CHF9.45, the current price target is provided by 1 analyst. New target price is 10.0% below last closing price of CHF8.00. Stock is down 28% over the past year. The company is forecast to post earnings per share of CHF0.69 next year compared to a net loss per share of CHF0.14 last year. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Maria Rioumine was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 29
Orascom Development Holding AG to Report Nine Months, 2022 Results on Nov 16, 2022 Orascom Development Holding AG announced that they will report nine months, 2022 results on Nov 16, 2022 Major Estimate Revision • Oct 25
Consensus revenue estimates fall by 11% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CHF658.6m to CHF588.4m. EPS estimate fell from CHF0.79 to CHF0.69 per share. Net income forecast to grow 238% next year vs 12% growth forecast for Hospitality industry in Switzerland. Consensus price target down from CHF9.45 to CHF7.20. Share price fell 2.9% to CHF6.80 over the past week. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: CHF0.03 (vs CHF0.06 loss in 2Q 2021) Second quarter 2022 results: EPS: CHF0.03 (up from CHF0.06 loss in 2Q 2021). Revenue: CHF128.5m (up 7.8% from 2Q 2021). Net income: CHF1.27m (up CHF3.68m from 2Q 2021). Profit margin: 1.0% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 25%, compared to a 35% growth forecast for the Hospitality industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Jul 20
Orascom Development Holding AG to Report First Half, 2022 Results on Aug 17, 2022 Orascom Development Holding AG announced that they will report first half, 2022 results on Aug 17, 2022 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CHF7.32, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Hospitality industry in Europe. Total loss to shareholders of 55% over the past three years. Reported Earnings • May 19
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: CHF0.25 (up from CHF0.065 loss in 1Q 2021). Revenue: CHF141.9m (up 33% from 1Q 2021). Net income: CHF10.0m (up CHF12.7m from 1Q 2021). Profit margin: 7.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 40%. Over the next year, revenue is forecast to grow 29%, compared to a 35% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • May 12
Orascom Development Holding AG Announces Board Changes Orascom Development Holding AG at its annual general meeting held on may 10, 2022, announced that Samih O. Sawiris stepped down from his position as Chairman and together with Carolina Müller-Möhl, Barbara Heller and Jürg Weber did not stand for re-election as member of the Board of Directors. Naguib S. Sawiris was appointed new Chairman of the Board of Directors. Maria Rioumine joins the Board of Directors as new member. Furthermore, Barbara Merz Wipfli, attorney-at-law and notary public, was elected as new independent proxy of the company. Price Target Changed • May 09
Price target decreased to CHF9.45 Down from CHF12.10, the current price target is an average from 2 analysts. New target price is 11% above last closing price of CHF8.54. Stock is down 18% over the past year. The company is forecast to post earnings per share of CHF1.06 next year compared to a net loss per share of CHF0.14 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Lead Director Jurg Weber was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 20
Orascom Development Holding AG, Annual General Meeting, May 10, 2022 Orascom Development Holding AG, Annual General Meeting, May 10, 2022, at 10:00 Central European Standard Time. Location: Radisson Blu Hotel Reussen, Bärengasse 1 Andermatt Switzerland Agenda: To consider the Annual Report, the Annual Financial Statements and the Consolidated Financial Statements for the 2021 financial year; to consider the allocation of annual results; to consider the 2021 Compensation Report; to consider the discharge of the members of the Board of Directors and the Executive Management; to consider the compensation of the Board of Directors and the Executive Management; to consider the election of the Board of Directors; and to consider the Renewal and Increase of Authorized Capital. Announcement • Apr 19
Orascom Development Holding AG Announces Hansheiri Inderkum Not to Stand for Reelection Orascom Development Holding AG announced that Dr. Hansheiri Inderkum who has decided not to stand for reelection at the to be held AGM. Announcement • Apr 09
Orascom Development Holding AG Announces Board Resignations Orascom Development Holding AG announced board members Barbara Heller, Carolina Müller-Möhl and Jürg Weber will not stand for re-election. Reported Earnings • Apr 02
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: CHF0.14 loss per share (up from CHF0.84 loss in FY 2020). Revenue: CHF538.5m (up 40% from FY 2020). Net loss: CHF5.68m (loss narrowed 83% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 34%, compared to a 44% growth forecast for the restaurants industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Mar 23
Orascom Development Holding AG to Report Fiscal Year 2021 Results on Mar 30, 2022 Orascom Development Holding AG announced that they will report fiscal year 2021 results at 7:00 AM, Central European Standard Time on Mar 30, 2022 Reported Earnings • Nov 19
Third quarter 2021 earnings released: CHF0.024 loss per share (vs CHF0.21 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CHF145.9m (up 51% from 3Q 2020). Net loss: CHF974.4k (loss narrowed 88% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target decreased to CHF12.10 Down from CHF24.16, the current price target is an average from 2 analysts. New target price is 8.4% above last closing price of CHF11.16. Stock is up 18% over the past year. The company is forecast to post earnings per share of CHF0.60 next year compared to a net loss per share of CHF0.84 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Director Barbara Heller was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 01
First quarter 2021 earnings released The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CHF106.5m (up 15% from 1Q 2020). Net loss: CHF2.61m (loss narrowed 47% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Executive Departure • May 14
Non-Executive Director has left the company On the 6th of May, Adil Douiri's tenure in the role of Non-Executive Director ended. As of December 2020, Adil personally held 57.87k shares (CHF534k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • May 14
Non-Executive Director has left the company On the 6th of May, Marco Sieber's tenure as Non-Executive Director ended after 8.0 years in the role. As of December 2020, Marco personally held 96.29k shares (CHF889k worth at the time). A total of 3 executives have left over the last 12 months. Reported Earnings • Apr 01
Full year 2020 earnings released: CHF0.84 loss per share (vs CHF0.40 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CHF385.7m (down 15% from FY 2019). Net loss: CHF33.7m (loss widened 114% from FY 2019). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 25
New 90-day high: CHF11.26 The company is up 25% from its price of CHF9.03 on 27 November 2020. The Swiss market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 18% over the same period. Announcement • Nov 17
Orascom Development Holding AG Abstains to Provide Earnings Guidance for the Year 2020 Orascom Development Holding AG announced that, due to the numerous uncertainties associated with Covid-19 and the limited visibility on the severity and duration of the pandemic, the Group still stands with its earlier position and abstains from providing full-year guidance on its 2020 results. Is New 90 Day High Low • Nov 12
New 90-day high: CHF9.80 The company is up 4.0% from its price of CHF9.41 on 14 August 2020. The Swiss market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: CHF8.44 The company is down 8.0% from its price of CHF9.18 on 17 July 2020. The Swiss market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 4.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day low: CHF8.57 The company is down 2.0% from its price of CHF8.78 on 30 June 2020. The Swiss market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 4.0% over the same period. Announcement • Jul 31
Orascom Development Holding Appoints Omar El Hamamsy as CEO, Effective 1 September 2020 The Board of Directors of Orascom Development Holding (ODH) announced the appointment of Omar El Hamamsy as Chief Executive Officer (CEO) effective 1 September 2020. El Hamamsy joins ODH from McKinsey & Company where he is a Senior Partner in the Middle East office and was previously in the Belgium office. In his 18 years at McKinsey, he led many practices including Travel and Transport. In his client work, his main focus was leading comprehensive transformations of multi-national companies in the Middle East and Europe. He also worked on a number of cross-border acquisitions and integrations for these companies. His clients at McKinsey spanned many sectors and he supported them on topics ranging from strategy, organization, sales and marketing, operations, and finance. Prior to joining McKinsey, El Hamamsy worked for six years at AT&T's Bell Labs in the US where he was managing a global engineering team for wireless product development. He holds a master's degree from Stanford University.