Additional European Equity News

Aviva (AV/ LN) - H1 (GBP): AuM 398mln. Group Op. Profit 875mln, +14% Y/Y, Dividend/shr 11.9p, +7% Y/Y, RoE 12.4%. Elsewhere, CKI has agreed to buy a portfolio of wind farms from Aviva for around USD 450mln, according to Financial Post. (Newswires / Financial Post)

Balfour Beatty (BBY LN) - H1 (GBP): Revenue 4.7bln, +3%, Pretax Profit 112mln, Net Income 96mln. Continues to expect an increase in PFO from its earnings-based business for FY. (Newswires) 

CVC Capital Partners (CVC NA) - H1 (EUR): AuM 193bln. Good start to delivering on FY targets in 2024. (Newswires) 

TUI (TUI1 GY) - Q3 (EUR): Revenue 5.78bln (exp. 5.58bln), EBITDA 448.3mln (exp. 434mln). Confirmed FY24 guidance. CEO adds that despite the Crowdstrike event and Boeing (BA) Max delays guidance for EBIT increasing by at least 25% can be maintained. (Newswires) Shares +4.3% in pre-market trade.

SKF (SKFB SS) - To acquire john Sample Lubrication and flow management business. (Newswires) 

Metso (METSO FH) - Signed EUR 200mln frame agreement for key process equipment deliveries project. (Newswires) 

Vestas Wind Systems (VWS DC) – Q2 (EUR): Revenue 3.3bln (exp. 3.79bln), Adj. EBIT -185mln (exp. 102mln). (Newswires)

14 Aug 2024 - 07:10- EquitiesResearch Sheet- Source: Newsquawk