Additional European Equity News

Airbus (AIR FP) - Co. reports January orders of 49 aircrafts. (Airbus) 

Bechtle (BC8 GY) - FY (EUR): Revenue 6.4bln (exp. 6.45bln), Pretax Profit 324mln (exp. 321.4mln). CEO: Looking ahead to 2026, we expect Bechtle to continue on a positive trajectory, even though the broader economic environment is likely to remain challenging. In particular, the sometimes significant price increases by manufacturers and potential supply constraints could weigh on performance as the year progresses”. (Bechtle)

Derwent London (DLN LN) - Co. announced that it has exchanged contracts for the disposal of 80-85 Tottenham Court Road W1 for GBP 32.6mln (before costs), reflecting a capital value of GBP 755 psf. The sale is at a premium to June 2025 book value and is scheduled to complete in June 2026. (Derwent London) 

GSK (GSK LN) - Co. Nucala (mepolizumab) approved by the European Commission for the treatment of chronic obstructive pulmonary disease (COPD). (GSK) 

Getlink (GET FP) - Jan Shuttle Traffic -5% Y/Y, impacted by poorer weather conditions. (Getlink)

LG Energy (373220 SK) / Stellantis (STLAM IM/STLAP FP) - LG Energy reportedly to end its JV with Stellantis, via Bloomberg. (Bloomberg) 

Rio Tinto (RIO LN), Glencore (GLEN LN) - Rio Tinto shares hit a record in APAC trade after the miner ended merger talks with Glencore, stating that the companies could not agree a value-creating deal. The proposed merger had faced shareholder opposition. 

Sabadell (SAB SM) - FY (EUR): NII 4.84bln (prev. 5.02bln Y/Y), Net Profit 1.78bln (prev. 1.83bln Y/Y), announced EUR 800mln share buyback programme CEO: “We end the year  delivering on our commitments to the market. This enables us to  confirm the forecasts set out in 2025-2027 Strategic Plan and  announce an ambitious share buyback programme." (Sabadell) 

Stellantis (STLAM IM/STLAP FP) - Co. to incur a charge of EUR 22.2bln, in relation to a business reset which aims to support profitable growth. Business Reset: Board authorised the issuance of up to EUR 5bln non-convertible subordinated perputatial hyrbrid bond. The Company will not pay a dividend in 2026. 2026 Financial Guidance: Guides H2: Net Income -21bln to -19bln. Revenue 78-80bln. CEO: The charges announced today largely reflect the cost of over-estimating the pace of the energy transition that distanced us from many car buyers’ real-world needs, means and desires. They also reflect the impact of previous poor operational execution, the effects of which are being progressively addressed by our new team. We look forward to sharing the full details of our new strategy at our Investor Day on May 21. Results: North America Shipments Up 43%, with South America, Middle East & Africa and China and India & Asia Pacific Also Reporting Growth

Orsted (ORSTED DC) - Q4 (DKK): EPS -5.70 (exp. -0.32), Revenue 23.1bln (exp. 20.5bln), EBITDA 3.86bln (prev. 8.25bln Y/Y). FY Outlook: Adj. EBITDA 28bln (exp. 28.7bln). (Orsted)

Valmet (VALMT FH) - Q4 (EUR): Sales 1.48bln (exp. 1.54bln), EPS 0.57 (exp. 0.69). Outlook 2026: Sees EBITDA and Net Sales to remain at similar level to prior year. (Valmet) 

UK Defence Stocks - The UK is hosting “Dragons’ Den”-style events to attract private investment into defence startups, amid concerns over the pace of government funding, Bloomberg reports. Defence Secretary Healey said blending private and public capital is needed as the government plans to raise defence spending to 2.6% of GDP by 2027.

Ferrovial (FER SM) upgraded to Outperform from Sector perform at RBC

UMG (UMG NA) upgraded to Buy from Hold at Kepler Cheuvreux   

06 Feb 2026 - 07:14- EquitiesEU Research- Source: Newsquawk