Additional European Equity News

Ferrexpo (FXPO LN) - H1 revenue USD 1.35bln, +74%; EBITDA USD 868mln. Interim dividend USD 0.396/shr vs prev. USD 0.132/shr. (Newswires)

Frasers Group (FRAS LN) - Received an extremely favourable and complimentary judgement from a recent employment tribunal. (Newswires)

Grenke (GLJ GY) - Q2 net profit EUR 18.3mln, +35%. FY21 guidance net profit EUR 60-80mln vs prev. view EUR 50-70mln. (Newswires)

IMCD (IMCD NA) - H1 revenue EUR 1.67bln vs prev. EUR 1.41bln, EBITA +46%. (Newswires)

Legal & General (LGEN LN) - H1 operating profit GBP 1.07bln vs prev. GBP 0.95bln, after-tax profit GBP 1.06bln vs prev. GBP 0.29bln, interim dividend GBP 0.0518 vs prev. GBP 0.0493. GBP 79mln of COVID-19 related claims in H1, which were absorbed by provisions raised in FY20. (Newswires)

Metso (MOCORP FH) - Q2 revenue EUR 1.01bln vs prev. EUR 1.01bln, adj. EBITDA EUR 131mln vs prev. EUR 139mln, operating profit EUR 97mln vs prev. EUR 89mln. Expects market activity to remain at current strong levels, pandemic contingent. (Newswires)

Rheinmetall (RHM GY) - H1 revenue EUR 2.58bln vs prev. EUR 2.37bln, EPS EUR 2.50 vs prev. EUR 0.32, operating results EUR 95mln vs prev. EUR 96mln. (Newswires)

Rolls Royce (RR/ LN) - Confirm the sale of Bergen Engines to Langley Holdings for an enterprise value of EUR 63mln. (Newswires) In-line with source reports

Ryanair (RYA LN) - July traffic 9.3mln guests vs prev. 4.3mln, load factor at 80%. Operated 61k flights. (Newswires)

Sampo (SAMPO FH) - Q2 pretax profit EUR 710mln vs exp. EUR 643mln. Insurance business is expected to report good technicals for FY21. Major risks affecting profitability and variation are market, credit, insurance and operational risks that are quantified independently by major business units. (Newswires)

Schaeffler (SHA GY) - H1 net income EUR 437mln vs prev. EUR -84mln, EBIT ex-items EUR 722mln vs prev. EUR 54mln. Upgrades FY21 guidance given the strong H1 performance; expect revenue growth of over 11% vs prev. over 10%. (Newswires)

Siemens Energy (ENR GY) - CEO says they hoped the issues at Siemens Gamesa (SGRE SM) could be resolved faster; its management will need to do extra work to manage the turnaround. (Newswires)

Taylor Wimpey (TW/ LN) - H1 revenue GBP 2.19bln vs prev. GBP 0.75bln, operating profit GBP 424mln vs prev. GBP -16mln, basic shr GBP 0.065 vs prev. GBP -0.01. Interim dividend GBP 0.0414/shr. Expect to grow outlets by over 50 in the next 24-months. Forecasts FY21 operating profit GBP 820mln vs exp. 791mln. (Newswires)

Wolters Kluwer (WKL AV) - H1 revenue EUR 2.28bln vs exp. EUR 2.26bln, adj. operating profit EUR 613mln, +14%. Interim dividend EUR 0.54/shr, 40% of the prior years total. (Newswires)

INFINEON (IFX GY) DOWNGRADED TO HOLD FROM BUY AT LIBERUM

04 Aug 2021 - 07:05- EquitiesEconomic Commentary- Source: Newsquawk