Additional European Equity News

Airbus (AIR FP) – January to February Deliveries: 79 craft; 10 A350, 27 A320Neo, 31 A321Neo. Books: 149 gross orders and 55 net. (Newswires)

Adyen (ADYEN NA) - FY21 (EUR): Net 469.7mln (prev. 261mln). (Newswires) 

Bayer (BAYN GY) - Bayer submits applications in the U.S. and EU for additional indication of Nubeqa. (Bayer)

BNP Paribas (BNP FP) - Notes gross exposure off and on-balance sheet on Ukraine and Russia are limited at EUR 3.0bln in total commitments. (Newswires)

Clas Ohlson (CLASB SS) - Q3 2021/22 (SEK): Sales 2.831bln (prev. 2.635bln). Online sales 329mln (prev. 288mln). February online sales -9%. Co. continues to see a positive trend in overall product availability. (Newswires)

Evraz (EVZ LN) – To date, no material direct impact on day-to-day operations, trading or the financial position of the Co. re. Russia. Board continues to believe that the separation of two businesses will serve the long-term interest. (Newswires)

Heineken (HEIA NA) - Co has suspended production and sale in Russia. (Newswires)

Kier Group (KIER LN) – H1 (GBP): Revenue GBP 1.5bln, -5%; adj. Operating Profit 54mln. Continues to trade in-line with expectations. (Newswires)

Legal & General (LGEN LN) - FY21 (GBP): Operating profit 2.26bln (prev. 2.22bln Y/Y). Pretax 2.05bln (prev. 1.61bln). AUM +11% Y/Y. (Newswires) 

Nexans (NEX FP) - Announced a buyback of up to 250k shares. (Newswires) 

Polymetal (POLY LN) – All operations in Russia and Kazakhstan continue undisrupted, intends to pay the final dividend as proposed on March 2nd. Reviewing non-essential capital projects to preserve liquidity and minimise risk. Has circa USD 0.4bln in cash and equivalents with non-sanctions financial institutions. Contingency plans initiated proactively. Believes targeted sanctions on the Co. are unlikely, not impossible. (Newswires)

Tullow Oil (TLW LN) - FY21 revenue USD 1.27bln (prev. 1.40bln Y/Y). -81mln (prev. -1.22bln Y/Y). Co. affirms FY22 output and capex. (Newswires) 

Yara International (YAR NO) – Curtailed production due to increased natural gas pricing, production will be temporarily curtailed at the Ferrara and Le Havre plants. (Newswires)

Accor (AC FP) upgraded to Buy from Hold at Berenberg

09 Mar 2022 - 07:29- EnergyResearch Sheet- Source: Newsquawk