Additional European Equity News

Bilfinger (GBF GY) - Q4 2022 (EUR): Revenue 4.31bln (prev. 4.15bln Y/Y. Adj. EBITA 140mnl (prev. 65mln). Organic revenue +20% Y/Y. Orders +14% Y/Y. (Newswires)

Boliden (BOL SS) - Q4 2022 (SEK): Revenue 23.6bln (exp. 21.2bln). Adj. operating profit 3.23bln (prev. 3.21bln Y/Y). EPS 9.42 (prev. 9.27). FCF 3.52bln (prev. 2.01bln). (Newswires)

Brenntag (BNR GY) - Activist Investor Engine Capital is said to be calling for a split-up of the Co. to prioritise its specialties unit and has taken a 1% stake, according to Bloomberg. (Newswires)

BBVA (BBVA SM) - Co. proposes to approve share capital reduction by up to a maximum amount of 10% and maximum nominal amount of EUR 295.5mln. (Newswires)

Credit Suisse (CSGN SW) – Former employees reportedly transferred personal data onto a personal device in breach of Credit Suisse policies, before leaving the bank, according to an email cited by Bloomberg. Co. found no evidence the data was shared or used maliciously. (Newswires) Separately, Co. entered into a partnership with Taurus. (Newswires) 

Flutter Entertainment (FLTR LN) - Co. has reached a prelim view on a US listing of Co. shares to yield strategic and capital market benefits. Expects to start consultations on listing immediately. (Newswires)

Kesko (KESKOB FH) - Jan SSS 10.1% Y/Y. Sales growth was particularly strong in Grocey trade. (Newswires)

MTU Aero Engines (MTX GY) - Q4 2022 (EUR): Revenue 1.51bln (exp. 1.60bln). Adj. EBIT 207mln (exp. 185.2mln). Adj. net 156mln (prev. 122mln). Co. cuts its FY23 revenue guidance to EUR 6.1-6.3bln (prev. 6.4-6.6bln). (Newswires)

Plus 500 (PLUS LN) - For FY23 board expects  Co's performance to be in line with current market expectations; Co announces a special dividend of USD 0.1078/shr and a final dividend of USD 0.2156/shr. (Newswires)

Saab (SAABB SS) - Co. provides updated targets amid improved growth opportunities and increased market demand. (Newswires) 

Subsea 7 (SUBC NO) - Co. has been awarded a large offshore wind contract. (Newswires) 

Television Francaise 1 SA (TFI FP) - Q4 (EUR): Revenue 525mln (prev. 532mln), Operating 78mln (prev. 120mln). (Newswires)

Tullow (TLW LN) - Disputed tax claims have been referred to arbitration. (Newswires) 

TUI (TUI LN) - CFO says capital raise will take place by the end of the year; date of increase not yet fixed. (Newswires) 

SGS (SGSN SW) initiated with Sell at SocGen

14 Feb 2023 - 07:31- EquitiesEconomic Commentary- Source: Newsquawk