Additional European Equity News

Air France-KLM (AF FP) - Co has no comments regarding reports that Delta Airlines (DAL) and Air France are looking at a majority stake in ITA Airways. (Newswires) 

Balfour Beatty (BBY LN) - FY21 (GBP): Underlying pre-tax profit 187mln (prev. 36mln). Underlying basic EPS 0.297/shr (prev. 0.037/shr). Co. recommends a dividend of 0.09/shr (prev. 0.015). (Newswires)

Baloise (BALN SW) - FY EBITDA in life business +144% Y/Y. (Newswires) 

BooHoo (BOO LN) – Q4: Net Sales Growth 7%, in-line with guidance; Gross Sales Growth +26% YY. Continues to deliver a strong trading performance in the UK. (Newswires)

DS Smith (SMDS LN) - Co. notes that despite the market cost pressures, guidance remains unchanged. (Newswires)

FTSE 100 ex-dividend - CRH (CRH LN), HSBC (HSBA LN), Land Securities (LAND LN), Persimmon (PSN LN) and Rio Tinto (RIO LN) are to trade without entitlement to their dividend. (Newswires)

Hannover Re (HNR1 GY) - FY21 (EUR): Gross Written Premiums 27.762bln (prev. 24.770bln). EBIT margin 7.2% (prev. 5.7%). Dividend per share 4.50 (prev. 4.50). The improved performance was driven by strong earnings from inflation-linked bonds and from alternative investments such as private equity funds, among other factors. (Yahoo Finance)

Hapag-Lloyd (HLAG GY) - FY21 (EUR): Revenue 26.356bln (prev.14.577bln). EBITDA 12.84bln (prev. 3.08bln). EBITDA margin 48.7% (prev. 21.1%). The main drivers of these positive business developments have been significantly improved freight rates resulting from very strong demand for goods exported from Asia.. Looking ahead, Hapag-Lloyd expects earnings to be very strong in the first half of 2022. Moreover, it anticipates that the strained situation in the global supply chains will ease in the second half of the year, which should lead to a beginning normalisation of earnings. However, Co. forecast remains subject to considerable uncertainty given the ongoing COVID-19 pandemic and current developments in Ukraine. (Hapag-Lloyd)

Italgas (IG IM) - FY21 (EUR): adj. revenue 1.37bln. Adj. EBITDA 1bln. Net profits 367.7mln. Co. proposes a dividend of EUR 0.295/shr. (Newswires) 

ITV (ITV LN) – Cosslett has been appointed as Chairman, effective from June 1st. (Newswires)

National Express (NEX LN) - Co. is looking to reinstate consistent dividend starting with FY22. Co. is considering its options on counter0offer for Stagecoach. (Newswires)  

Experian (EXPN LN) initiated with Buy at Liberum

Restaurant Group (RTN LN) upgraded to Buy from Hold at Peel Hunt

10 Mar 2022 - 07:00- EquitiesResearch Sheet- Source: Newsquawk