Additional European Equity News

Ahold Delhaize (AD NA) – Q4 (EUR): Revenue 23bln (exp. 22.9bln), adj. EPS 0.58 (exp. 0.62), EBIT 675mln (exp. 830mln), adj. EBIT Margin 4.3% (exp. 4.0%). Propose a FY23 dividend of 1.10/shr (exp. 1.08/shr). FY24 Outlook: “underlying operating margin of ≥4.0%; underlying EPS at around 2023 levels”. (Newswires)

BMPS (BMPS IM) - CEO says the share price still h as good margins to grow, merger would be an important step, via Corriere della Sera. (Newswires)

Coca Cola HBC (CCH LN) - FY23 (EUR): Net 10.1bln (exp. 10.1bln, prev. 9.19bln Y/Y), EBIT 953.6mln (prev. 703.8mln Y/Y), EPS 2.078 (prev. 1.706 Y/Y). (CCH) 

Castellum (CAST SS) – Q4 (SEK): Net Op. 1.63bln (exp. 1.54bln), Revenue 2.44bln (exp. 2.45bln). Proposes no dividend. (Newswires)

Fresenius Medical Care (FME GY) - Traders noting shares are indicated higher by 2% in a read-across after US peer Davita gained 5% after reporting better than expected Q4 results. (Newswires) 

Nexi (NEXI IM) - Co. rejects F21's initial EUR 800m bank network offer, via Corriere. (Corriere)

Schindler (SCHN SW) - FY (CHF): Operating Profit 1.18bln, margin 10.3%. Improving operating performance and increasing profitability. (Newswires)

Severn Trent (SVT LN) - Q3 Trading Update: Affirms at least GBP 50mln in ODI rewards this year, despite having experienced ten named storms since September. (Newswires) 

Trelleborg (TRELB SS) – To establish a new business area to enhance the focus on healthcare & medical, as of April 2024. (Newswires)

Vistry (VTY LN) - Co. and Sigma Capital sign framework agreement to delivery 5k build-to-rent homes over next 5 years. (Newswires) 

United Utilities (UU/ LN) - Trading Update: No material change to 2023/24 financial performance. (Newswires) 

KBC (KBC BB) upgraded to Buy from Hold at Kepler Cheuvreux

Kindred (KIND SS) downgraded to Hold from Buy at Carnegie Securities 

Orion (ORNBV FH) downgraded to Hold from Buy at Nordea

14 Feb 2024 - 07:05- EquitiesResearch Sheet- Source: Newsquawk