Additional European Equity News

Adyen (ADYEN NA) - FY (EUR): Revenue 2.36bln (exp. 2.38bln). "Net revenue growth: We expect 2026 net revenue growth of 20 to 22% YoY on a constant currency basis". (Adyen)

British American Tobacco (BATS LN) - FY25 (GBP): Revenue 25.6bln (exp. 25.6bln); Adj. Operating Profit 11.57mln, +0.4% Y/Y; Diluted EPS 0.352, +0.7% Y/Y. Consumers of smokeless products 34.1mln, +4.7mln from 2024. FY26 outlook: Sees global cigarette industry volume expected to be down around 2%. 3-5% revenue growth, with low double-digit New Category revenue growth. (British American Tobacco)

Bavarian Nordic (BAVAB DC) - FY (EUR): Revenue 6.24bln (prev. 6bln Y/Y). FY Outlook: Revenue 5-5.2bln (exp. 5.12bln). (Bavarian Nordic)   

Ex-divs - Pershing Square Holding (PSH LN) will trade without entitlement to their latest dividends. (dividenddata) 

Fraport (FRA GY) - Co. reports that January total group passenger volume rose by 7.1%. (Fraport) 

HelloFresh (HFG GY) - FY (EUR): Revenue 6.76bln (exp. 6.84bln), Adj. EBITDA 423mln (exp. 406.9mln). Co. has decided to end operations in Italy. Based on preliminary indications, the AEBITDA of the HelloFresh Group for the fiscal year 2025 is expected to fall within the latest outlook of between €415 million and €465 million, in line with market expectations. (HelloFresh)   

Hermes (RMS FP) - FY 2025 (EUR) Revenue 16bln (exp. 16bln), Op. Income 6.56bln (prev. 6.15bln Y/Y); notes that 2026 price increases would be around 5-6%, down from around 6-7% rate in 2025. Q4: Revenue 4.09bln (exp. 4.06bln). Revenue +9.8% (exp. +8.2%). Outlook: In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the group confirms an ambitious goal for revenue growth at constant exchange rates. By Region: Asia excluding Japan (+5%) delivered a solid performance across all countries in the region, all of which experienced growth. The fourth quarter grew by 8%. Japan (+14%) continued its strong momentum, driven by the loyalty of local clients and its exclusive distribution network. The Americas (+12%) completed an excellent year. Europe excluding France (+11%) and France (+9%) posted solid growth, supported by the loyalty of local customers and dynamic tourist flows.

Heineken (HEIA NA) - Co. announces the second phase of its EUR 1.5bln share buyback programme. (Heineken) 

Legrand (LR FP) - FY 2025 (EUR): Revenue 9.48bln (prev. 8.65bln Y/Y), Adjusted Operating Profit 1.96bln (prev. 1.78bln Y/Y), EBITDA 2.2bln (prev. 2.0bln Y/Y). (Legrand) 

Outokumpu (OUT1V FH) - Q4 (EUR): EPS -0.14 (exp. -0.16), Adj. EBIT -45mln (exp. -51.7mln), Sales 1.16bln (exp. 1.2bln). Outokumpu's adjusted EBITDA improvement in the first quarter of 2026 is expected to benefit mainly from recovering stainless steel delivery volumes, which are forecast to rise by 20–30% from the fourth quarter of 2025. (Outokumpu)  

Relx (REL LN) - FY 2025 (GBP): Revenue 9.59bln (prev. 9.43bln Y/Y), Adj. EPS 0.129 (prev. 0.120 Y/Y); intends a total amount of share buybacks in 2026 to GBP 2.25bln. (Relx)

Rio Tinto (RIO LN) - Chief legal officer to leave the Co; to remain in role until at least mid 2026. (Rio Tinto) 

Sanofi (SAN FP) - The Co. names Belen Garijo as the new CEO, effective April 29th. (Sanofi)

Unilever (ULVR LN) - Q4 2025 (EUR): Revenue 12.6bln (exp. 12.47bln), Underlying Sales +4.2% (exp. +3.97%); New EUR 1.5bln share buyback announced. (Unilever)

Evolution (EVO SS) downgraded to Underperform from Neutral by Bank of America

12 Feb 2026 - 07:24- ForexEU Research- Source: Newsqauwk