Additional European Equity News

BP (BP/ LN) – US SPR has awarded contracts worth USD 229mln to firms including BP. (Newswires)

Eni (ENI IM) – Q4 (EUR): adj. PBT 3.16bln (exp. 3.39bln), adj. Net 1.6bln (exp. 1.71bln), adj. EBIT 3.76bln (prev. 4.98bln). FY24 outlook will be provided at the 14th March capital markets day. (Newswires)

Kingspan (KGP ID) – FY23 (EUR): Revenue 8.09bln (exp. 8.15bln), Trading Profit 877mln (exp. 874.1mln). (Newswires)

Legrand (LR FP) - Announces new share buyback agreement for 400k shares (0.15% of share capital). (Newswires) 

Norsk Hydro (NHY NO) – Signs new USD 1bln revolving credit facility. (Newswires)

Nibe Industrier (NIBEB SS) - FY23 (SEK): EPS 2.37 (prev. 2.16 Y/Y), Revenue 46.6bln (prev. 40.1bln Y/Y). To action a cost saving program. (Newswires) 

NatWest Group (NWG LN) - Q4 (GBP): Pretax Operating Profit 1.26bln (exp. 1.05bln). Impairment Loss 126mln (exp. 233mln). Appoints Paul Thwaite as CEO. Announces up to GBP 300mln on-market share buyback  FY Revenue 14.752bln, Adj. Revenue 14.339bln (exp. 14.461bln). (Newswires) 

Orkla (ORK NO) - CFO Ullevoldsater to retire and appoint Regland as CFO, effective June 1st. (Newswires) 

Prysmian (PRY IM) – Shuffled management in Brazil and Latin America as part of plans to bolster supply to the electricity sector and future wind farms. (Newswires)

Retail names - UK Retail Sales MM (Jan) 3.4% vs. Exp. 1.5% (Prev. -3.2%, Rev. -3.3%)

Segro (SGRO LN) – FY23 (GBP): Adj. EPS 32.7p (exp. 32.4p, prev. 31p Y/Y), Adj. Pretax 409mln (exp. 388mln, prev. 386mln Y/Y), AUM 20.7bln (prev. 20.9bln Y/Y).

TotalEnergies (TTE FP) – Reportedly restarts the Port Arthur, Texas refinery (238k BPD), via Reuters citing sources. (Newswires)

Vinci (DG FP) – January: autoroutes traffic -6.7% Y/Y, amid severe disruptions from farming protests. Airport numbers rose sharply Y/Y, continuing the positive trend in Q4. (Newswires)

Admiral (ADM LN) initiated with Sector Perform at RBC 

EssilorLuxottica (EL FP) downgraded to Hold from Buy at Stifel Nicolaus

Sage (SGE LN) initiated with Hold at Panmure Gordon 

TietoEvry (TIETO FH) upgraded to Buy from Hold at Handelsbanken 

16 Feb 2024 - 07:10- Research Sheet- Source: Newsquawk