Additional European Equity News

Daimler Truck (DTG GY) - Exec expects uptick in Europe in H2; Positive price effect expected for year but is gradually fading. Europe order intake in May and June "crucial" for FY assumptions. (Newswires) 

Diageo (DGE LN) – Nik Jhangiani to join Diageo as CFO. Lavanya Chandrashekar will step own executive committee and board at same time after three years as CFO. (Newswires)

Danske Bank (DANSKE DC) – Q1 (DKK): Net Income 5.6bln (exp. 5.57bln), Net Fee 3.37bln (exp. 3.36bln), CET1 Ratio 18.5% (exp. 18.4%). Says Q1 of 2024 was a continuation of the stable and satisfactory performance we saw in 2023. Outlook: FY Net Income 20-22bln (exp. 21.2bln). (Newswires)

Castellum (CAST SS) – Q1 (SEK): Net Income -180mln (exp. 902mln), Pretax profit 186mln (exp. 756mln). Says in wake of struggle has been prepared for this development and will move forward with a sharp customer focus and cost control. (Newswires)

JC Decaux (DEC FP) - Q1 (EUr): Adj. Revenue 801.6mln, +11.1%. Q2'24 organic revenue expected to be around 12%. (Newswires) 

Julius Baer (BAER SW) - Sales of Kairos to Anima completed. (Newswires) 

Klepierre (LI FP) – Q1 (EUR): LFL NRI +4.8%. Reiterates guidance. Interim dividend of 0.9/shr to be paid. (Newswires)

Stellantis (STLAM IM/STLAP FP) - Italy car sales +7.5%; Co. held 31.34% of Italian car market, according to Reuters calculations. (Newswires) 

Mondi (MNDI LN) – Q1 Trading Update (GBP): Underlying EBITDA 214mln, in line with Co. expectations. Market conditions continued to improve. (Newswires)

Novonesis (NSIB DC) - Q1 (EUR): Sales 853.5mln (prev. 621.1mln Y/Y). Outlook: Ag, Energy and Tech expected to be driven by growth across all subareas by energy. (Newswires) 

Pennon (PNN LN) - UK CMA says solutions offered to address impact on deal water regulation in Pennon/SES deal. Now carefully considering solutions put forward o determine the concerns. (Newswires) 

Trainline (TRN LN) – Adj. EBITDA 122mln (exp. 119.1mln), EPS 0.0709. Announced a new 75mln buyback programme. (Newswires)

IHG (IHG LN) - Q1 Trading Update (USD): Says USD 239mln of planned USD 800mkn has been completed. Global RevPAR +2.6%, America's -0.3%, EMEAA +8.9% and China +2.5%. Changes its system fund arrangements. (Newswires) 

03 May 2024 - 06:53- EquitiesResearch Sheet- Source: Newsquawk