Additional European Equity News

Air Liquide (AI FP) - FY22 (EUR): Revenue 29.9bln (exp. 30.0bln). Operating profit 4.86bln (prev. 4.16bln). Net 2.76bln (prev. 2.57bln). Co. says the year is expected to be marked by the signing of several major project. (Newswires)

Atos (ATO FP) – Co. is entering the next phase of discussions with Airbus (AIR FP) to form a long-term strategic partnership, confirms that is has received an indicative offer from Airbus to enter such a partnership and acquire a minority stake of 29.9% in Evidian. (Newswires)

ADP (ADP FP) - Jan passenger traffic +71.1% Y/Y to 6.9mln. (Newswires)

Barclays (BARC LN) – Future commencement of share buy-back programme, will commence on March 13th and end no later than August 15th. No repurchases will occur in the US or in respect to ADRs. (Newswires)

BAM (BAMNB NA) - FY22 (EUR): Revenue 6.62bln (prev. 7.32bln). Adj. EBITA 350.2mln (prev. 278.4mln). Order book -24% Y/Y. (Newswires)

Centrica (CNA LN) – FY22 (GBP): adj. Net Income 2.005bln (exp. 1.63bln), adj. EBITDA 3.5bln (exp. 3.05bln), adj. EPS 0.349 (exp. 0.302); reinstating progressive dividend policy, dividend 0.03/shr (exp. 0.03/shr). (Newswires)

DSM (DSM NA) - Q4 2022 (EUR): Revenue 2.09bln (exp. 2.22bln). Adj. EBITDA 293mln (exp. 295mln). Animal Nutrition Organic revenue +6% Y/Y, Health Nutrition +9%, Adj. EBITDA margin 14.0% (prev. 17.6%). (Newswires)

Edison (EDNR IM) - FY22 (EUR): Revenue 30.4bln (prev. 11.7bln Y/Y). EBIDA 1.11bln (prev. 989mln). Net 151mln (prev. 413mln). (Newswires)

Faurecia (EO FP) – Co. and Cummins enter exclusive negotiations re. the potential sale of a designated part of Faurecia’s exhaust business in Europe and US; enterprise value of circa. EUR 150mln. (Newswires)

FTSE 100 ex-dividend – BP (BP/ LN), Imperial Brand (IMB LN), Pershing Square (PSH LN) and Shell (SHEL LN) will trade without entitlement to their latest dividend. (Newswires)

Glencore (GLEN LN) – Volcan confirmed that Glencore is exploring a sale of its 23% stake in Volcan. (Newswires)

GSK (GSK LN) – Positive Phase III results for RSV older adult vaccine candidate. (Newswires)

Hella (HLE GY) – FY22 (EUR): adj. EBIT 222mln (exp. 442mln), prelim. Sales 4.4bln (exp. 7.4bln), Order Intake 7bln. Expects record sales and further improved profitability for 2023. (Newswires)

Indivior (INDV LN) - Q4 2022 (USD): Revenue 241mln (prev. 222mln). EPS 0.27 (prev. 0.27). Adj. operating profit 40mln (prev. 32mln). Co. guides FY23 revenue between USD 0.95-1.02bln (exp. 956mln). (Newswires)

Ipsos (IPS FP) - FY22 (EUR): Revenue 2.41bln (exp. 2.42bln). Co. guides FY23 organic growth +3% and operating margin of 13%. Co. is confident in ability to deliver on targets. (Newswires)

NN Group (NN NA) – FY22 (EUR): Net Result 1.56bln (exp. 1.86bln, prev. 3.3bln), Operating Result 1.74bln (prev. 2.04bln), value-of-new-business 177mln (prev. 186mln). New share buyback programme for EUR 250mln. CEO Knibbe to be reappointed. (Newswires)

Holcim (HOLN SW) – To acquire Fdt Flachdach Tech.; Holcim roofing systems will exceed USD 4bln in net sales ahead of schedule. (Newswires)

Norwegian Air (NAS NO) - Q4 2022 (NOK): Revenue 4.97bln (prev. 2.55bln Y/Y). EBIT -39.3mln (exp. 430mln). (Newswires)

Orange (ORA FP) – Q4 2022 (EUR): Revenue 11.4bln (exp. 11.2bln). EBITDAaL 3.45bln (exp. 3.42bln). Capex +8.9% Y/Y. FY22 organic cash flow +27.4%. (Newswires)

Pernod Ricard (RI FP) - H1 (EUR): Recurring operating income 2.42bln (exp. 2.35bln). Revenue 7.12bln (prev. 5.96bln). Organic Revenue breakdown by region: Europe +6% Y/Y, Americas +7% Y/Y, Asia +18% Y/Y. Co. is to announce a EUR 300mln share buyback imminently. (Newswires)

Relx (REL LN) – FY22 (GBP): Revenue 8.55bln (exp. 8.45bln), Operating Profit 2.68bln, PBT 2.49bln (exp. 2.42bln), adj. EPS 1.022 (exp. 1.019), FY dividend of 0.546/shr (exp. 0.539/shr).

Rexel (RXL FP) - FY22 (EUR): Recurring Net 911.8mln (exp. 874.1mln). Adj. EBITDA 1.37bln (prev. 964mln Y/Y). Revenue 18.7bln (14.7bln). Dividend 1.20/shr (prev. 0.75/shr). (Newswires)

Repsol (REP SM) – Q4 2022 (EUR): Adj. Net 2.0bln (prev. 872mln). EBITDA 3.74bln (prev. 2.35bln). Proposes reduction of share capital of the Co. via the redemption of 50mln own shares, with a par value of EUR 1/shr, representing circa. 3.77% of share capital. Sole purposes of buyback is to acquire part of own shares that would later be redeemed, maximum number of shares to be acquired via buyback will be 35mln. Sees 2023 investment of over 5mln. (Newswires)

Schneider Electric (SU FP) – FY22 (EUR): Revenue 34.1bln (prev. 28.9bln Y/Y). Net 3.48bln (prev. 3.20bln). Adj. EBITDA 6.01bln (prev. 4.99bln). Adj. EBITDA margin 17.6% (prev. 17.2% Y/Y). Co. named Peter Herweck as new CEO as it implements a new governance structure, splitting the office of chairman from that of the CEO. Herweck, the current CEO of Aveva (AVV LN), will succeed Jean-Pascal Tricoire as Schneider Electric CEO after the AGM. (Newswires)

Telenet (TNET BB) - Q4 2022 (EUR): Revenue 712.9mln (exp. 688mln). Adj. EBITDA 355.9mln (exp. 346.1mln). (Newswires)

TotalEnergies (TTE FP) – CO. and Corio join to develop offshore wind in Taiwan. (Newswires)

Umicore (UMI BB) – FY22 (EUR): Revenue 4.16bln (exp. 4.21bln). Adj. EBIT 865mln (exp. 863mln). ROCE 19.2% (prev. 22.2%). Co. guides FY23 adj. EBIT and EBITDA below the prior year’s levels. (Newswires)

Valneva (VLS FP) – FY22 (EUR): Revenue 361mln (exp. 345mln), strong cash position of 289mln at end-2022. FY23 Guidance: Sales 130-150mln (exp. 187mln. (Newswires)

Vinci (DG FP) - Vinci autoroutes +3.7% Y/Y, Airport traffic +65.8% Y/Y. (Newswires)

Grifols (GRF SM) upgraded to Equal Weight from Underweight at Barclays

16 Feb 2023 - 07:22- Exclusive- Source: Newsquawk