Additional European Equity News

Alstom (ALO FP) – Bpifrance acquired a 5.1% stake in Alstom for over EUR 500mln. (Les Echos)

AstraZeneca (AZN LN) - Forxiga approved in the EU for the treatment of symptomatic chronic heart failure. (AstraZeneca)

Bechtle (BC8 GY) - Prelim FY22  (EUR): Revenue 6.0bln (exp. 5.9bln). Pretax +9% Y/Y. Backlog 1.6bln, "on par" with last year. (Newswires)

BP (BP/ LN) - Q4 2022 (USD): Adj. Net 4.81bln (exp. 5.11bln), Revenue 69.3bln (exp. 59.5bln). Adj. EPS 0.2644 (exp. 0.2713); Co. plans a further USD 2.75bln share buyback; Co. increases dividend by 10%. (Newswires) 

Carlsberg (CARLB DC) - FY22 (DKK): Revenue 70.3bln (exp. 70.4bln). Adj. EBIT 11.5bln (exp. 11.6bln). Organic volume growth 5.7%. Organic volume development in Western Europe +5.4%, Asia +10.3% and Central & Eastern Europe -0.1% (excluding Ukraine +4.9%). The Supervisory Board will propose a 13% increase in dividend to DKK 27 per share, equal to a total dividend payout of DKK 3.7bn. “2023 will be another challenging year, but the strategic, organisational and financial health of our company is strong, and we are confident that our purpose-led and performance-driven culture will drive continued sustainable long-term value creation." (Newswires/Carlsberg IR)

Clas Ohlson (CLASB SS) - January sales +5% Y/Y to SEK 635mln (prev. SEK 606mln). Onlines sales +2% Y/Y. (Newswires)

Dufry (DUFN SW) – Co. appoints Xavier Rossinyol as CEO and Yves Gerster and CFO. (Newswires)

Evotec (EVT GY) - Laetitia Rouxel is to succeed Enno Spillner as CFO effective 01 April 2023. (Evotec)

Rolls-Royce (RR/ LN) - New CEO has appointed a former BP (BP/ LN) executive to lead an overhaul of the Co. (FT)

SCOR (SCR FP) - Co. said it has improved the expected technical profitability and risk-return profile of its portfolio in a favorable market environment. (SCOR)

Stellantis (STLA IM/FP) - Co. announces changes to exchange tickets: will be listed as "STLAM IM" in Milan and "STLAP FP" in Paris. (Newswires)

Nokia (NOKIA FH) - S&P raises rating to the lowest level of investment grade at BBB-. (Newswires) 

Nordic Semiconductor (NOD NO) - Co. said during H2 2022, there has been lower demand for its proprietary products and first-generation Bluetooth low energy products. H2 has seen a temporary slowdown in IoT and generally weak demand in China. (Newswires)

Aurubis (NDA GY) downgraded to Neutral from Outperform at Exane BNP

Carrefour (CA FP) downgraded to Underperform from Neutral at Exane BNP

KBC (KBC BB) initiated with Buy at ING

Italgas (IG IM) upgraded to Outperform from Sector Perform at RBC

Legrand (LR FP) downgraded to Hold from Buy at Deutsche Bank

SNAM (SRG IM) upgraded to Outperform from Underperform at RBC

Sixt (SIX2 GY) upgraded to Outperform from Underperform at Exane BNP

Terna (TRN IM) upgraded to Sector Perform from Underperform at RBC

Zur Rose (ROSE SW) upgraded to Hold from Sell at Deutsche Bank

07 Feb 2023 - 07:24- EquitiesResearch Sheet- Source: Newsquawk