Additional European Equity News

Andritz (ANDR AV) - To supply waste-to-energy line to La Reunion (Newswires) 

Credit Agricole (ACA FP) - Said to lead bid for Societe Generale's (GLE FP) Hanseatic Bank, according to Bloomberg. (Bloomberg)

DNB Bank (DNB NO) – Q2 (NOK): Profit 10.77bln (prev. 9.46bln Y/Y), NII 15.8bln (exp. 15.6bln). Says ahs seen increase in number of mortgage applications. (Newswires)

Endesa (ELE SM) - UAE renewable energy firm Masdar is close to buy a 49% stake in a portfolio sola assets owned by Endesa, according to El Economista. Sources add that the deal could be worth more than EUR 1bln. (Newswires) 

Hays (HAS LN) – Q4 Trading Statement: Expects near-term market conditions to remain challenging. Expect FY24 pre-exceptional op. profit of GBP 105mln, around the bottom of market consensus range. (Newswires) 

John Wood (WG/ LN) – H1 (USD): Revenue 2.8bln, -6% Y/Y, Adj. EBITDA 210mln, +4% Y/Y, adj. EBITDA margin 7.4% (prev. 6.8% Y/Y). Reconfirms FY outlook for FY24 and FY25. Expects to deliver significant FCF in 2025. (Newswires)

Jet2 (JET2 LN) - FY (GBP): Revenue 6.255bln (exp. 6.27bln), PBT 529mln (exp. 519mln). (Newswires) 

Flughafen Wien (FLU AV) – June Traffic: 3.97mln passengers, +8.4% Y/Y in the Vienna Airport. In H1 Vienna airport recorded 14.3mln passengers, +7.9% Y/Y. (Newswires)

Nordex (NDX1 GY) - Nordex Group further expands market presence in Lithuania with a new order for 42 MW. (Newswires)

Pennon (PNN LN) – CFO Steve Buck steps down and to be succeeded by Laura Flowerdew. (Newswires) 

RS Group (RS1 LN) - Trading Update: Trading in Q1 was in line with expectations. (Newswires) 

Severn Trent (SVT LN) – Trading Statement: Financial performance for the year remains on track. Expects to perform in-line with guidance, including delivering Net ODI reward in year of over GBP 100mln pre-customer sharing. Delivers over GBP 300mln capital investment in Q1. South West Water & SES water draft determination. Welcome OFWAT’s recognition of quality of both business plans in group. (Newswires)

Tryg (TRYG DC) – Q2 (DKK): Pretax Profit 2.12bln (exp. 1.91bln), Dividend/shr 1.95 (prev. 1.85). Maintains all FY24 targets. (Newswires)

TomTom (TOM2 NA) - TomTom and East View Geospatial partner to deliver global maps to the Australian Government. (TomTom)

Evotec (EVT GY) downgraded to Hold from Buy at Deutsche Bank Shares -2% in pre-market trade

Prosiebensat 1 Media (PSM GY) upgraded to Overweight from Neutral at JP Morgan Shares +4.5% in pre-market trade.

11 Jul 2024 - 07:11- ForexResearch Sheet- Source: Newsquawk