Additional European Equity News

BMPS (BMPS IM) – Q2 (EUR): Revenue 972mln (exp. 881mln), Net Profit 383mln (exp. 326mln), NII 578mln (exp. 527mln), CET1 15.9% (prev. 15.3%). Finalised the sale of a further package of NPLs, gross book value of circa. 230mln. (Newswires)

Capita (CPI LN) – H1 (GBP): Revenue 1.48bln (exp. 1.51bln), EBITDA 85mln, PBT -68mln. FY guidance maintained. Expected to reintroduce dividend payments in the next few years, with a modest initial payout. (Newswires)

Fortum (FORTUM FI) - Q2 (EUR): EPS 0.16 (prev. 0.22 YY), EBIT 267mln (exp. 277mln), Revenue 1.37bln (exp. 1.44bln). Initiates review of circular solutions business. (Newswires)

Halma (HLMA LN) - Acquires Lazar Safe Ltd. (Newswires)

Heidelberg (HDD GY) – Q1 (EUR): Net 10mln (prev. 5mln YY), EBITDA 42mln (prev. 24mln YY), Revenue 544mln (prev. 530mln YY). (Newswires)

Skansa (SKAB SS) – Signs contract with Seagen to build a facility in Washington, USA for USD 215mln. (Newswires)

WPP (WPP LN) - H1 (GBP): PBT 204.3mln (prev. 419mln YY), Revenue 7.22bln (prev. 6.67bln YY). Cuts FY23 LFL adj. revenue growth guidance to 1.5-3.0% (prev. 3.0-5.0%) (Newswires)

Adidas (ADS GY) reiterated with Sector Perform at RBC 

Anheuser-Busch (ABI BB) reiterated with Overweight at Barclays

Telefonica (TEF SM) reiterated with Equal Weight at Barclays

WPP (WPP LN) reiterated with Overweight at JP Morgan 

Wizz Air (WIZZ LN) reiterated with Underweight at Barclays

Virgin Money (VMUK LN) reiterated with Equal Weight at Barclays

04 Aug 2023 - 07:40- Research Sheet- Source: Newsquawk