Additional European Equity News

Anglo American (AAL LN) - Q4 production report: Forward production guidance is unchanged in copper, with growth in 2026 driven by higher grades in Chile; Q4 copper production was 14% lower, Q4 iron ore production increased by 4%. (Newswires) 

AstraZeneca (AZN LN) - Q4 (USD): Revenue 14.891bln (Co. exp. 14.2bln), Core EPS 2.09 (Co. exp. 2.07), outlook for FY25 total revenue is expected to increase by a high single-digit %, expects to increase capex by about 50% in FY25. (Newswires)

Babcock (BAB LN) - Co. says revenue is to exceed expectations with strong trading performance in Q3. (Newswires) 

Compass (CPG LN) - Q1 Trading Update: Organic Revenue +9.2% Y/Y. (Newswires) 

Carlsberg (CARLB DC) - FY (DKK) Net Income 9.12bln (exp. 7.76bln), Revenue 75bln (exp. 75bln). Expect a relatively stable consumer environment in 2025. Sees 2025 organic op. profit +15-5% (exp. +3.02%). (Newswires) 

Kering (KER FP) - Gucci has ended its collaboration with Creative Director Sabato De Sarno. (GlobeNewswire)

Lloyds (LLOY LN) – Co. has been ordered to pay a GBP 1bln tax bill after losing a legal battle against HMRC with regards to tax relief claims related to losses from its Irish operations following the financial crisis.. This comes after Lloyds was already ordered to put GBP 450mln aside for mis-selling of car finance. (Telegraph)

Maersk (MAERSKB DC) - Q4 (USD): Revenue 14.59bln (exp. 13.9bln), EBITDA 3.6bln (exp. 3.0bln). FY24: Revenue 55.5bln (exp. 54.66bln), EBIT 6.5bln (exp. 5.68bln), FCF 5.1bln. 2025 Guidance: "For the purpose of the financial guidance, Maersk assumes that the Red Sea re-opens mid-year for the low end of the guidance, and re-opens at year-end for the high-end. "Underlying EBITDA 6-9bln (exp. 6.71blnEBIT 0.0-3.0bln (exp. 1.5bln)FCF > -3bln. Capex 10-11bln. "The impact of US tariffs will be larger depending on their level, the coverage of countries and goods, partners’ retaliation and the risk of tariffs in third countries against Chinese manufactured goods as they look for new markets" & "The diversification of sourcing strategy will continue under the push from geopolitics.". Commentary: "Security concerns are increasingly impacting supply chains, through sanctions and export controls for example."New Risks to the 2025-2029 Business PlanNew Ocean network, Supply chain resilience, APM Terminals growth. 

Orsted (ORSTED DC) - Q4 (DKK): Revenue 21.2bln (exp. 22.4bln). 2025 Outlook: Adj. EBITDA 25-28bln. (Newswires) 

Watches of Switzerland (WOSG LN) - Q3 Trading Update: Trading is in line with guidance and on track for FY25 guidance. (Newswires) 

Akzo Nobel (AKZA NA) downgraded to Hold from Buy at Jefferies 

Infineon (IFX GY) upgraded to Overweight from Equal Weight at Morgan Stanley 

Ferrari (RACE IM) initiated with Hold at Deutsche Bank 

06 Feb 2025 - 07:03- EquitiesEU Research- Source: Newsquawk