Additional European Equity News

Asos (ASC LN) - Trading Update: Return to profitability with adj. EBIT +20mln YY, margin +250bp YY. On track to meet adj. EBIT guidance of GBP 40-60mln in H2. Revenue -14%, as expected. (Newswires)

Atoss Software (AOF GY) - General Atlantic acquires block shares representing circa. 20% of share capital from majority shareholder. (Newswires)

Bunzl (BNZL LN) - Trading Statement: H1 revenue expected +4/5% YY, driven by strong demand and acquisitions. Increasing FY23 operating margin forecast to slightly below FY22's figure. (Newswires)

Halma (HLMA LN) - FY (GBP): Revenue 1.85bln (exp. 1.79bln), PBT 291mln, adj. PBT 361mln (exp. 354mln). Strong order book. Positioned well for further progress this year and longer term. (Newswires)

H&M (HMB SS) - Q2 (SEK): Sales 57.6bln (exp. 58.6bln). June saw a good start. Q2 sales impacted by unfavourable weather conditions YY in several markets. (Newswires)

Hugo Boss (BOSS GY) - US business has still ongoing very promising growth rate (Newswires)

Informa (INF LN) - FY Guidance Increased (GBP): Revenue 2.95-3.05bln (exp. 2.84bln), adj. Operating Profit 750-790mln. (Newswires)

Italgas (IG IM) - Sees total investments of EUR 7.8bln as part of plan; extends dividend policy until 2026 (Newswires)

Legal & General (LGEN LN) - Appoints Simoes as CEO. Joining from Santander (SAN SM). (Newswires)

Renault (RNO FP) - Implements share buyback programme between June 15th and July 7th, mandate to purchase up to 3mln shares. (Newswires)

Saint Gobain (SGO FP) - Agreed to acquire Hume Cemboard. (Newswires)

Siemens (SIE GY) - EUR 2bln investment strategy to bolster future growth, innovation and resilience. Expand network and R&D capacity in Asia. New Singapore factory. Additional investments in Europe and the US to be announced. To increase R&D spending by circa. EUR 500mln in FY23. (Newswires)

SoftwareOne Holding (SWON SW) - Confirms it has received an indicative offer from Bain Capital to acquire the Co. at CHF 18.50/shr. (SoftwareOne) Closed at CHF 15.17/shr

PostNL (PNL NA) upgraded to Buy from Hold at ING

Severn Trent (SVT LN) upgraded to Buy from Add at Investec

15 Jun 2023 - 07:05- Research Sheet- Source: Newsquawk