Additional European Equity News

Ahold Delhaize (AD NA) – Q1 (EUR): EBIT 803mln (exp. 805mln), Revenue 21.7bln (exp. 21.53bln). (Newswires)

Amadeus (AMS SM) – Q1 (EUR): Net profit 313.9mln (prev. 262.9mln Y/Y), Adj. Profit 324.5mln (prev. 271.5mln Y/Y). (Newswires)

BMW (BMW GY) - CFO said on share buybacks, no reason not to continue with tranche 3 immediately after tranche two conclude. (Newswires) 

Boohoo (BOO LN) – Trading Update FY (GBP): EBITDA 58.6mln (exp. 58.6mln), Revenue 1.46bln (exp. 1.5bln). FY24 results in line with market expectations and against challenging market backdrop. Remains on track to earlier annualised cost saving of GBP 125mln across cost of goods and supply chain and overheads in FY25. Expects to generated positive FCF in FY25. (Newswires)

Brunello Cuccinelli (BC IM) - Settled lawsuit which had accused the Co. of infringing its trademarked pocket tab. (Newswires) 

Direct Line (DLG LN) – Q1 Update (GBP): GWP 892mln (prev. 805mln Y/Y). (Newswires)

Gea Group (G1A GY) – Q1 (EUR): Revenue 1.24bln (exp. 1.26bln), Adj. EBITDA 180.5mln (exp. 174.6mln. Confirms FY24 guidance. To begin second tranche of share buyback programme in June 2024. (Newswires)

JD Wetherspoon (JDW LN) – Trading Update, 13-weeks to April 28th: LFL Sales +5.2%, Total Sales +3.3%. YTD LFL Sales +8.3%. Expects FY profits to be towards the top-end of expectations. (Newswires)

Puma (PUM GY) - Q1 (EUR): Net Income 87.3mln (exp. 80.1mln). EBIT 159mln (exp. 153.8mln). Still sees FY EBIT between 620-700mln (exp. 656.7mln). (Newswires)

Man Group (EMG LN) – Director change. Appointment of Dixit Joshi and Sarah Legg to board. (Newswires)

Iberdrola (IBE SM) - Received go-ahead for its first offshore wind farm in Australia. (Newswires) 

Sabadell (SAB SM) - Co. published a letter from BBVA (BBVA SM) received over the weekend, in this BBVA said it had no room to improve the economic terms of the offer. (Newswires)

Shell (SHEL LN) – Co. said it has agreed to sell its Singapore refinery and petrochemical assets to Chandra Asri and Glencore (GLEN LN). (Shell)

Skanska (SKAB SS) – Q1 (SEK): EPS 1.28 (exp. ), Op. Income 500mln (exp. ). (Newswires)

Telefonica (O2D GY) – Telefonica swaps Ericsson (ERICB SS) for Nokia (NOKIA FH) and AWS as cloud vendors. Plans to move 30-40% of customer to AWS cloud by 2026. (Newswires)

Verbund (VER AV) – Q1 (EUR): Q1 Result 506mln, -4.3%; Q1 numbers slightly lower despite good water supply as earnings were impacted by a marked drop in futures pricing or wholesale energy which was relevant for the period. FY24 outlook remains “very healthy”, but well below Y/Y. (Newswires)

08 May 2024 - 07:10- ForexResearch Sheet- Source: Newsquawk