Additional European Equity News

Ahold Delhaize (AD NA) - Q1 2023 (EUR): Revenue 21.6bln (exp. 21.6bln). Adj. operating profit 864mln (exp. 847mln). Co. remains committed to dividend policy and share buybacks this year. (Newswires)

Asos (ASC LN) – H1 (GBP): Revenue 1.85bln (exp. 1.95bln), adj. EBIT -69mn (exp. 68mln), PBT -290mln (exp. -41mln). (Newswires)

AstraZeneca (AZN LN) - Ultomiris has been approved in the EU for adults with neuromyelitis optica spectrum disorder (Newswires)

Bper (BPE IM) - Q1 2023 (EUR): Revenue 506mln (prev. 451mln Y/Y). Net 291mln (prev. 113mln). NII 726mln (prev. 396mln). Net Fees 506mln (prev. 451mln). (Newswires) 

Capita (CPI LN) - Sales performance has been strong over the first four months of the year with YY revenue wins of GBP 449mln, up 16%. Are continuing to investigate the cyber incident and expect to incur costs of approx. GBP 15mln to 20mln. (Newswires)

Compass Group (CPG LN) – H1 (GBP): Revenue 15.8bln (exp. 15.4bln), Operating Profit 1.05bln, +415. Raises FY guidance: Revenue growth of 18%, Operating Margin 6.7-6.8%. (Newswires)

Continental (CON GY) - Q1 2023 (EUR): Adj. EBIT Margin 5.6% (exp. 4.9%). Revenue 10.3bln (exp. 10.1bln). Co. confirms guidance. (Newswires) 

Covivio (COV FP) - Co. has announced the cancellation of plans for a secondary listing on Euronext Milan. (Newswires) 

Dufry (DUFN SW) - Q1 2023 (CHF): Revenue 2.36bln (prev. 1.19bln Y/Y). Organic revenue +51.5% Y/Y. (Newswires) 

Gam Holdings (GAM SW) - Investor group NewGAMe (8.4% holding) called for the removal of a condition in the Liontrust offer for Gam. (Newswires) 

Harbour Energy (HBR LN) – On track to meet FY production guidance of 185-200KBOEPD. (Newswires)

J D Wetherspoon (JDW LN) – Q1 Update: Easter week sales were the highest-ever for the Co., sales for the FY likely to be a record. Expects profits for the FY towards the top-end of market expectations. (Newswires)

Lanxess (LXS GY) – Q1 (EUR): Sales 1.89bln (exp. 1.91bln), adj. EBITDA 189mln (exp. 191mln). FY23 guidance adj. EBITDA 850-950mln (exp. 910mln). Expects Q2 to be roughly on par with Q1. (Newswires)

Lundbeck (LUN DC) - Q1 2023 (EUR): Revenue 5.0bln (prev. 4.4bln). Adj. EBITDA 1.85bln (prev. 1.29bln). Co. affirms its FY23 Revenue and EBITDA guidance. (Newswires) 

Melrose (MRO LN) - Trading Update: trading materially ahead of expectations, with significant growth in revenue, profit and margin. Melrose Industries to continue as pure-play aerospace company. (Newswires) 

Salzgitter (SZG GY) - Q1 2023 (EUR): Revenue 2.98bln (prev. 3.35bln Y/Y). Pretax 1844mln (prev. 465mln). Co. cuts its FY revenue outlook to between EUR 11.5-12bln (prev. ~13bln). Co. guides a return on capital employed (ROCE) notably below the previous year's level. (Newswires/ Salzgitter IR)

Smiths Group (SMIN LN) - George Buckley will retire from the board at the conclusion of the AGM and will appoint a new chair. (Newswires)

Spirax-Sarco (SPX LN) – Maintains FY production guidance. Organic sales growth was in-line for the first four-months of the year. (Newswires)

Telefonica Deutschland (O2D GY) - Q1 2023 (EUR): Revenue 2.10bln (exp. 2.05bln). OIBDA 612mln (exp. 616mln). Co. affirms FY23 revenue. (Newswires)

Tui (TUI GY) – Q1 (EUR): Revenue 3.2bln (prev. 2.1bln). Sees strong summer and good FY, with significantly higher operating result. (Newswires)

United Internet (UTDI GY) - Q1 2023 (EUR): Revenue 1.54bln (prev. 1.44bln Y/Y). EPS 0.43 (prev. 0.55). EBITDA 319mln (prev. 329mln). (Newswires)

Vestas Wind (VWS DC) – Q1 (EUR): Revenue 2.8bln (exp. 2.45bln), adj. EBIT 40mln (exp. -70mln). FY guidance: Revenue 14-15bln (exp. 15bln). Value of wind turbine order backlog was 19.7bln as of 31st March. (Newswires)

Evonik (EVT GY) reiterated with Overweight at JPMorgan Chase

10 May 2023 - 07:31- Research Sheet- Source: Newsquawk