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    John Bell • Deutsche Bank

    John Bell's questions to HOLN leadership

    John Bell's questions to HOLN leadership • H1 2025

    Question

    John Bell from Deutsche Bank requested more detail on the lead indicators for the European residential market recovery and asked about the benefits and expansion targets for the Dissensa retail network.

    Answer

    CEO Miljan Gutovic noted he had previously detailed the Dissensa strategy of accelerating solutions growth through the network. On European residential, he pointed to positive signs in Eastern and Southern Europe, improving permits in Germany (for a 2026 recovery), and new government housing initiatives in the UK, while France remains soft.

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    John Bell's questions to HOLN leadership • Q2 2025

    Question

    John Bell from Deutsche Bank requested more color on lead indicators for the European residential recovery and details on the benefits and targets for the Disensa network.

    Answer

    CEO Miljan Gutovic reiterated that the Disensa network is a strategic channel for accelerating building solutions sales. For Europe's residential market, he pointed to positive signs in Eastern and Southern Europe and healthier permitting in Germany, while France remains soft.

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    John Bell's questions to HOLN leadership • H1 2025

    Question

    John Bell from Deutsche Bank submitted questions asking for more detail on lead indicators for the European residential recovery and for information on the benefits and targets of the Disensa network.

    Answer

    CEO Miljan Gutovic noted he had already detailed the Disensa strategy, which serves as a one-stop-shop to accelerate building solutions sales. On European residential markets, he pointed to strong signs in Eastern and Southern Europe, healthier permitting in Germany (though recovery is expected more in 2026), and new government initiatives in the UK, while France remains soft.

    Ask Fintool Equity Research AI