Additional European Equity News

Ambu (AMBUB DC) - Q4 (DKK): Revenue 1.39bln (prev. 1.26bln Y/Y). Total organic revenue growth of 10-13%. (Newswires)

Associated British Foods (ABF LN) - FY (GBP): Revenue 20.07bln (exp. 20.22bln), Adj. EPS 1.96 (exp. 1.91), Op. Profit 1.99bln (exp. 1.95bln). (Newswires) 

Asos (ASC LN) - FY (GBP): EBIT -81.5mln (exp. -120mln), Adj. Revenue 2.91bln (exp. 3.08bln), Retail sales 2.76bln (exp. 3.19bln). (Newswires) 

Balfour Beatty (BBY LN) - Awarded a USD 736mln contract by Texas Department of Transportation to rebuild part of the Interstate 35. (Newswires) 

Kingspan (SGP LN) - 9m (EUR): Revenue 6.35bln (prev. 6.14bln Y/Y) ; "in some market we are seeing subdued near-term dispatches despite strong backlogs which should augur well for the early part of 2025." Guides FY trading profit, "broadly in line with the record level in 2023". (Newswires) 

Indivior (INDV LN) - Completes refinance oof secured term loan; enhance liquidity and financial flexibility. (Newswires) 

Orsted (ORSTED DC) - Q3 (DKK): Pretax 5.51bln (exp. 5.88bln), EBITDA 9.55bln (prev. 9.17bln Y/Y), Revenue 15.8bln (exp. 15.2bln). Revenue and EBIT FY guidance maintained. Now sees EBIT before special items around EUR 400mln (prev. guided around 500mln. (Newswires)

Schroders (SDR LN) - Q3 Trading Update (GBP): AuM 777.4bln (prev. 773.7bln Q/Q). (Newswires)   

Weir (WEIR LN) - Q3 orders +15% Y/Y. (Newswires) 

Vodafone (VOD LN) - CMA provisionally finds Vodafone / Three could address competition concerns through network investment and customer protections. So far believes CMA has it provides path to final clearance. (Newswires) 

Air France (AF FP) downgraded to Underweight from Equal Weight at Morgan Stanley 

Prysmian (PRY IM) downgraded to Equal Weight from Overweight at Morgan Stanley 

Ryanair (RYA ID) downgraded to Hold from Buy at Peel Hunt 

05 Nov 2024 - 07:08- EquitiesResearch Sheet- Source: Newsquawk