Additional European Equity News

AB InBev (ABI BB) - Co. has announced a USD 10bln sustainability-linked revolving credit facility. (Newswires)

ADP (ADP FP) - FY20 net EUR -1.17bln vs prev. EUR +588mln. EBITDA EUR 166mln vs exp. EUR -75mln. Revenue EUR 2.14bln vs prev. EUR 4.70bln. (Newswires) 

ASR Nederland (ASRNL NA) - FY20 net EUR 657mln vs exp. EUR 547.8mln. Operating income EUR 885mln vs exp. EUR 846.2mln. GWP EUR 5.28bln vs. prev. EUR 4.67bln. Co. announces a EUR 75mln share buyback programmed. (Newswires)  

BAM (BAMNB NA) - FY20 revenue EUR 6.8bln vs prev. EUR 7.2bln. Adj. EBIT EUR 34mln vs prev. EUR 74.1mln. (Newswires) 

Barclays (BARC LN) - Q4 Adj. pretax (ex-litigation) GBP 693mln vs exp. GBP 386.4mln. Q4 CIB revenue GBP 2.64bln vs exp. GBP 2.52bln. CET1 ratio 15.1% vs exp. 14.4%. FY20 pretax GBP 3.1bln vs exp. GBP 2.815bln. 2020 CIB income +22% Y/Y, Markets Income +45%, Banking Income +8%. Co. announces a share buyback programme of up to GBP 700mln. Co. guides FY21 impairment charge materially lower Y/Y. Co. declares a dividend of GBP 0.01/shr (Newswires)

Bouygues (EN FP) – FY20 revenue EUR 34.69bln vs exp. EUR 34.2bln, operating profit EUR 1.12bln vs exp. EUR 0.4bln, net profit EUR 696mln vs exp. EUR 569mln. Dividend of EUR 1.70/shr vs exp. EUR 1.82/shr. Roussat, current deputy-CEO, has been appointed CEO. (Newswires)

CapGemeni (CAP FP) - FY20 net EUR 957mln vs exp. EUR 800mln. Operating profit EUR 1.50bln vs prev. EUR 1.43mln. Revenue EUR 15.9bln vs exp. EUR 15.8bln. (Newswires) 

Carrefour (CA FP) - FY20 adj. net EUR 1.01bln vs prev. EUR 858mln. Recurring operating profit EUR 2.17bln vs exp. EUR 2.17bln. Co. cuts 3yr cost savings target to EUR 2.4bln vs prev. EUR 2.6bln. Co. affirms FY22 food e-commerce sales. (Newswires) 

FTSE 100 ex-divs – BP (BP/ LN), GlaxoSmithKline (GSK LN), Imperial Brands (IMB LN), Pershing Square (PSH LN) & Shell (RDSA LN) will trade without entitlement to their latest dividend. (Newswires)

Hays (HAYS LN) – H1 operating profit GBP 25.1mln, -75%. Dividends to resume at FY update. GBP 150mln in surplus capital to be returned in special dividends. (Newswires)

Hochschild Mining (HOC LN) - FY20 revenue USD 621mln vs prev. USD 755mln. Adj. EBITDA USD 270mln vs prev. USD 343.3mln. (Newswires) 

Iberdrola (IBE SM) – Intend to develop 420km of underground electric line in New York. (Newswires)

Imerys (NK FP) - FY20 EBITDA EUR 631mln vs exp. EUR 640mln. Revenue EUR 3.8mln vs exp. EUR 3.76bln. Co. is on track to meet targets. (Newswires) 

Klepierre (LI FP) - FY20 revenue EUR 1.13bln vs prev. EUR 1.33bln Y/Y. Rental income from shopping centres -25.2% in cc. (Newswires) 

NN Group (NN NA) - FY20 net EUR 1.90bln vs exp. EUR 1.22bln. Operating profit EUR 1.89bln vs prev. EUR 1.79bln. (Newswires) 

Repsol (REP SM) – FY EBITDA EUR 40.8bln vs exp. EUR 3.77bln, adj. net profit EUR 600mln. Q4 EBITDA EUR 1.16bln vs. exp. EUR 0.99bln, adj. net profit EUR 404mln. Commence a buyback programme on February 18th for 4-months, repurchasing 2.5% of share capital. (Newswires)

Red Electrica (REE SM) – Reportedly to disclose a new strategic plan in the coming week, via Expansion. (Newswires)

Shell (RDSA LN) – To sell Kaybob Duvernay assets to Crescent Point for CAD 900mln. (Newswires)

Smith & Nephew (SN/ LN) – FY revenue USD 4.56bln vs. exp. USD 4.6bln, dividend USD 0.375/shr vs exp. USD 0.29/shr. COVID-19 impact likely to continue in H1. FY21 revenue expected to show substantial underlying growth vs FY20. (Newswires)

Richemont (CFR SW)/ Swatch (UHR SW) - Swiss Watch Exports (Jan) CHF 1.59bln, -11% vs prev. -2.5% YY. (Newswires)

Telecom Italia (TIT IM) – Board to meet today to discuss a prelim nominee list ahead of the next AGM, according to sources. (Newswires)

BEIERSDORF (BEI GY) UPGRADED TO BUY FROM HOLD AT LANDESBANK BADEN-WURTTEMBERG

K+S (SDF GY) DOWNGRADED TO HOLD FROM BUY AT COMMERZBANK

18 Feb 2021 - 07:45- Research Sheet- Source: Newsquawk