Additional European Equity News

Abrdn (ABDN LN) – FY21 (GBP): Adj. operating profit 323mln (prev. 219mln). adj. diluted EPS +56% Y/Y. AUM +1%. Operating profit +47%. (Newswires)

Allianz (ALV GY) - Multiple investors have come to a settlement to resolve lawsuits against the Co. in the structured alpha case, according to filings. (Newswires)

AstraZeneca (AZN LN) – Co. and Nuerimmune have closed a deal for NI006. (AstraZeneca)

Atos (ATO FP) - FY21 (EUR): Revenue 10.84bln (exp. 11.0bln), Operating Margin 383mln (exp. 369mln). To not propose a dividend to the next AGM. Second half of 2022 should see an improvement. (Newswires)

Beiersdorf (BEI GY) - FY21 (EUR): Revenue +9.7% y/Y. Consumer Business growth 8.8%. Co. guides 2022 sales and EBIT margin around the prior year's levels. (Newswires)

Covestro (1COV GY) - FY21 (EUR): Revenue 15.9bln (prev. 10.7bln Y/Y). Adj. EBITDA 3.09bln (prev. 1.47bln). Net 1.62bln (prev. 459mln). (Newswires)

CNH Industrial (CNHI IM) - Board approved share buyback of up to EUR 100mln. (Newswires)

Croda International (CRDA LN) - FY21 (GBP): Statutory sales 1.889bln (prev. 1.390bln). Return on sales 24.8% (prev. 23.0%). Co proposes a dividend increase of 10%. (Newswires)

Deutsche Bank (DBK GY) - CEO Sewing sees few risks for the industry, noting that German banks have greatly reduced their exposure to Russia since 2014. (Bild)

EssilorLuxottica (EL FP) – Closed the acquisition of Walman Optical. (Newswires)

Evotec (EVT GY) - Co. has entered into a collaboration with the University of Bristol to expand the Company’s molecular patient database in the field of kidney diseases with a focus on nephrotic syndrome. (Evotec)

Flutter (FLTR LN) – FY21 (EUR): Revenue 6.04bln (prev. 5.26bln Y/Y). Adj. pretax 620mln (prev. 813mln). Co. notes the first seven trading weeks have been in-life with expectations. CEO, on a potential listing of FanDuel, says they are still considering it but clearly market conditions are not correct. (Newswires)

GlaxoSmithKline (GSK LN) – EMA has accepted the marketing authorisation for Daprodustat. (GSK)

Intertek (ITRK LN) - FY21 (EUR): Revenue +6.5% Y/Y. Adj. Operating Profit +15.4%. (Newswires)

Oerlikon (OERL SW) - FY21 (CHF): Revenue 2.65bln (exp. 2.63bln). Net 168mln (prev. 38mln Y/Y). (Newswires)

PostNL (PNL NA) - Commenced a EUR 250mln share buyback. (Newswires) 

Scout24 (G24 GY) - Q4 2021 (EUR): Revenue 101.9mln (prev. 91.2mln). Announces up to EUR 350mln share buyback. (Newswires)

Shell (SHEL LN) – Sinead Gorman has been appointed as CFO from April 1st, current CFO Uhl will be available until June 30th to assist with the transition. (Newswires)

Symrise (SY1 GY) - FY21 (EUR): Revenue 3.83bln (prev. 3.52bln Y/Y). EBITDA 814mln (prev. 742mln). Net 375mln (prev. 307mln). (Newswires)

Travis Perkins (TPK LN) - FY21 (GBP): Adj. operating profit 353mln (prev. 128mln Y/Y). Co. remains confident on making further progress this year. LFL revenues were 14.4% ahead of 2019. (Newswires)

UniCredit (UCG IM) – Co. has concluded its second buyback programme. FY21 final dividend of 0.538/shr. (Newswires)

Coloplast (COLOB DC) downgraded to Underweight from Equal Weight at Barclays

Phoenix Group (PHNX LN) upgraded to Outperform from Neutral at Oddo Securities 

Saint-Gobain (SGO FP) reiterated with Overweight at JPMorgan Chase

Thales (HO FP) upgraded to Buy from Hold at Jefferies

01 Mar 2022 - 07:30- EquitiesResearch Sheet- Source: Newsquawk