Additional European Equity News

Airbus (AIR FP) -Delivered 64 craft in November, -6% Y/Y; YTD 623, via Reuters citing sources. If correct, 97 craft would be required in December to reach the FY target of 720. (Newswires) Article adds analysts have said the FY target is seen as increasingly manageably, after missing and abandoning the target last year.*

Avanza (AZA SS) - Nov (SEK): Customer Growth +7% Y/Y. Net Inflows 4.88bln (prev. 7.20bln Y/Y). (Newswires) 

Alfa Laval (ALFA SS) - Partners with Outokumpu (OUT1V FH) to cut carbon emissions. (Newswires) 

Ashtead (AHT LN) - Q2 (GBP): Pre-tax 697mln (prev. 688mln Y/Y), EBITDA 1.35bln (prev. 1.21bln Y/Y, exp. 1.36bln), Revenue 2.88bln (prev. 2.54bln Y/Y, exp. 2.86bln). (Newswires) 

Assa Abloy (ASSAB SS) - Acquires Leone Fence in Canada; no terms disclosed. (Newswires) 

DNB (DNB NO) - The FSA has decided that the Pillar 2 requirement for DNB. (Newswires) 

Drax Group (DRX LN) – FY23 adj. EBITDA expectations are in-line with consensus. (Newswires)

Nokia (NOKIA FH) - Launches gigabit multi-dwelling unit (MDU) solution for cable operators. Industry's first integrated, FTTH and multimedia over Coax alliance access solution. (Newswires) 

Nordnet (SAVE SW) - Nov (SEK): Customer Growth +8.8% Y/Y, Net Savings 3.5bln (prev. 2.9bln Y/Y). (Newswires)

SSP (SSPG LN) - FY23 (GBP): Pretax 88mln (prev. 25mln Y/Y), Revenue 3.01bln (prev. 2.19bln Y/Y). Planning for FY24 revenue of GBP 3.4-3.5bln (exp. 3.4bln). (Newswires) 

Sanofi (SAN FP) - Aqemia reaches a multi-year research collaboration agreement valued at up to USD 140mln, via La Tribune. (La Tribune)  

Senior (SNR LN) - Awarded USD 12mln contract from Strata. (Newswires) 

THG (THG LN) – Acquires Biossance for a maximum consideration of USD 20mln. (Newswires)

TietoEVRY (TIETO FH) – Awarded Nordic Tier 1-bank contract to deliver card issuing and payments software solutions. (Newswires)

Endesa (ELE SM) downgraded to Hold from Buy at Kepler Cheuvreux 

PSP Swiss Property (PSPN SW) initiated with Neutral at Oddo

Rio Tinto (RIO LN) upgraded to Outperform from Neutral at BNP Paribas

Swiss Prime (SPSN SW) initiated with Outperform at Oddo

UPM (UPM FH) resumed with Buy at Kepler Cheuvreux

05 Dec 2023 - 07:05- EquitiesEconomic Commentary- Source: Newsquawk