Additional European Equity News

AB SKF (SKFB SS) Q4 (SEK) - Revenue 21bln vs. prev. Y/Y 16.6bln, adj. EBIT 2.26bln vs. Exp. 2.41bln and pretax 1.99bln vs. prev. Y/Y 2.52bln. Estimates low single-digit organic sales growth for Q1. (Newswires)

ABB (ABBN SW) Q4 (USD) - Revenue 7.56bln (exp. 7.15bln), adj. EPS 1.34, Net Income 2.64bln (exp. 2.4bln), adj. EPS 1.34. (ABB)

BBVA (BBVA SM) Q4/FY (EUR) - Q4: Net Profit 1.34bln (exp. 1.01bln), NII 3.98bln (exp. 3.83bln). FY: Net Profit 4.65bln (4.36bln), NII 14.69bln (exp. 14.4bln). (BBVA)

BT (BT/A LN) 9-month (GBP) - Revenue 15.7bln (prev. 16.1bln), EBITDA 5.71bln (prev. 5.6bln). Co. has entered into exclusive negotiations with Discovery (DISCA) to create a sports JV which would see BT Sport and Eurosport brought together. (Newswires)

Compass Group (CPG LN) Q1 - Group organic revenue +38.7%, reaching 97% of pre-COVID levels. The emergence of the Omicron variant had a limited impact during the period. FY22 guidance is unchanged. (Compass)

Danske Bank (DANSKE DC) FY (DKK) - Total Income 42.6bln (exp. 42.1bln), Net Profit 12.9bln (exp. 12.1bln), Total Dividend 7.5 (exp. 7.4). FY22 guidance: net profit 13-15bln (exp. 12.6bln). (Danske Bank)

Gaming Names - Nintendo (7974 JT) has sold a cumulative 103.5mln Switch units, sees FY Switch sales at 23mln (prev. 24mln). (Newswires)

Hannover Rueck (HNR GY) FY (EUR) - Net Income 1.23bln (exp. 1.23bln). Confirms FY22 guidance. (Hannover Re)

Kesko (KESKO FH) Q4 (EUR) - Sales 2.87bln (exp. 2.86bln), adj. EBIT 203mln (exp. 205mln). (Newswires)

Konecranes Abp (KCR FH) - Remedy requirements regarding the Konecranes and Cargotec merger are more complex than expected, working towards an end-H1 completion. (Newswires)

Nordea (NDASE SS) - Operating Profit 1.28bln (exp. 1.23bln), NII 1.26bln (exp. 1.24bln), EPS 0.26 (exp. 0.24), Net Profit 1.02bln (exp. 0.95bln). (Nordea)

Nordic Semiconductor (NOD NO) Q4 (USD) - Revenue 171mln, +35%; EBITDA 42mln (exp. 39mln). (Newswires)

OMV (OMV AV) FY (EUR) - Sales 35.5bln (exp. 32.5bln), Net Income 2.8bln (exp. 2.75bln), Operating Income 5.1bln (prev. 1.05bln), Dividend 2.30/shr (exp. 2.17/shr). (OMV)

Shell (SHEL LN) Q4 (USD) - adj. Net 6.39bln (exp. 5.35bln), adj, EBITDA 16.3bln (exp. 17.8bln), dividend 0.24/shr (prev. 0.24/shr). 8.5bln of share buybacks for H122, includes 55bln of Permian divestment proceeds. Expects Q1 interim dividend will be 0.25/shr, +4%. (Shell)

Skanska (SKAB SS) Q4 (SEK) - Revenue 41.bln (exp. 41.8bln), Operating Income 9.8bln (prev. 11.9bln). Propose a dividend of 10.00 (prev. 9.50). (Skanska)

Standard Chartered (STAN LN) - Reportedly to investigate allegations of misconduct regarding management in Zimbabwe, according to Bloomberg. (Newswires)

Swisscom (SCMN SW) FY (CHF) - Revenue 11.2bln (exp. 11.2bln), Proposed Dividend 22/shr (exp. 22). (Swisscom)

Valneva (VLA FP) FY (EUR) - Revenue 348mln (exp. 99mln). Enetered 2022 in a strong position. FY22 guidance: Total Revenue 430-590mln (exp. 340mln). (Valneva)

Volkswagen (VOW3 GY) - Intend to construct as many as 1mln EVs within China during 2023. (Nikkei)

Beiersdorf (BEI GY) initiated with Outperform at Credit Suisse

Bunzl (BNZL LN) downgraded to Sell from Neutral at Goldman Sachs

Eurofins Scientific (EFI FP) upgraded to Buy from Neutral at Goldman Sachs

Kering (KER FP) downgraded to Hold from Buy at Jefferies

L'Oreal (OR FP) upgraded to Neutral from Underperform at Credit Suisse

Rentokill (RTO LN) added to the Focus List at JPMorgan; maintained with Overweight

03 Feb 2022 - 07:05- ForexExclusive- Source: Newsquawk