Additional European Equity News

Aberdeen (ABDN LN) - Q1 2025 (GBP): Adj. EPS 15.7p (prev. 15p Y/Y), Adj. Op. Profit 264mln (prev. 255mln Y/Y), AuM 556bln (prev. 511bln Y/Y). (Aberdeen)

Assa Abloy (ASSAB SS) - Co. acquires Sennco Solutions in the US. (Assa Abloy) 

Casino Group (CO FP) - Co. is currently engaged in a negotiation process with its creditors to adapt and strengthen its financial structure.    

Fresnillo (FRES LN) - 2025 (USD): EBITDA 2.79bln (prev. 1.54bln Y/Y), EPS 2.058 (prev. 0.364 Y/Y). Gold Production 600.3koz (prev. 631.5koz Y/Y), Silver Production 48.72moz (prev. 56.30moz Y/Y). Total 2025 dividend payment of USD 950mln. "Operationally, silver production was in line with guidance and gold production exceeded expectations”. 2026:  Attributable silver production expected to be in the range of 42.0 to 46.5 moz. Attributable gold production expected to be in the range of 500 to 550 koz. (Fresnillo) 

Intertek Group (ITRK LN) - FY 2025 (GBP): 3.34bln (prev. 3.39bln Y.Y), operating profit 619.6mln (prev. 590.1mln Y/Y), diluted earnings per share 2.15 (prev. 2.13 Y/Y). (Intertek Group) 

IG Group (IGG LN) - Co. appoints Andrew Barron as Board of Chair designate, effective immediately. (IG Group)

Inchape (INCH LN) - FY 2025 (GBP): Revenue 9.1bln (exp. 9.08bln), Adj. Op. Profit 563mln (exp. 522mln). Announces a GBP 175mln share buyback. (Inchape)   

Kojamo (KOJAMO FH) - CFO and Deputy CEO to retire, effective July 1st. Co. has started recruitment process. (Kojamo) 

Kier (KIE LN) - Commences GBP 25mln share buyback programme. (Kier)  

Kuehne und Nagel (KNIN SW) – Co. is set to cut over 2000 jobs. (Kuehne und Nagel)

Magnum Ice Cream (MICC LN) - FY 2025 (EUR): Revenue 7.9bln (prev. 7.9bln Y/Y), Operating Profit 599mln (prev. 764mln Y/Y), Adjusted EBITDA 1.26bln (prev. 1.34 Y/Y), basic EPS 0.43. (The Magnum Ice Cream Company) 

RS Group (RS1 LN) - RS Group acquires Automation & Control specialist BPX Group, for an Enterprise Value (cash-free debt-free) of GBP 27mln and a deferred earn-out of up to GBP 3mln. (RS Group) 

Ryanair (RYA ID) - February traffic passengers +6% Y/Y. (Ryanair)   

TotalEnergies (TTE FP) – Co. to partner with AllianzGI to develop 800 MW of battery storage projects in Germany. (TotalEnergies)

Wizz Air (WIZZ LN) - Feb Load Factor 90.5% (prev. 91.8% Y/Y), Capacity 5.44mln, +8.3% Y/Y. (Wizz Air)

AJ Bell (AJB LN) upgraded to Buy from Neutral at UBS

Assa Abloy (ASSAB SS) upgraded to Overweight from Equal Weight at Barclays

Beazeley (BEZ LN) downgraded to Hold from Buy at Berenberg   

KONE (KNEBV FH) initiated with Underperform at BNP Paribas  

IG Group (IGG LN) upgraded to Buy from Neutral at UBS 

Novo Nordisk (NOVOB DC) upgraded to Equal Weight from Underweight at Morgan Stanley

National Grid (NG/ LN) reiterated with Buy at Goldman Sachs

03 Mar 2026 - 07:07- MetalsEU Research- Source: Newsquawk