Additional European Equity News

BAE Systems (BA/ LN) - FY (GBP): Underlying EBIT 3.32bln (exp. 3.27bln), Div/shr 36.3p (exp. 35.5p), Revenue 30.7bln (exp. 30.7bln), Order Intake 36.8bln (exp. 33.16bln). Raises dividend to 36.3p, +10% Y/Y; guides FY26 underlying EBIT +9-11%, Revenue +7-9%. Sees 2026 Free Cash Flow "above" 1.3bln (exp. 2.18bln) (BAE Systems)

Bank of Ireland (BIRG ID) - Co. To exit the US leveraged acquisitions business, pull out of its US leveraged acquisitions finance business, exiting a business that had accounted for the bulk of a EUR 137 million bad loan provision in its most recent results. (Bank of Ireland)  

Duerr (DUE GY) - FY 2025 (EUR): Sales 4.17bln (exp. 4.27bln), Net income 200mln (exp. 120-170mln), EBIT margin 5.6% (exp. 4.5-5.5%). (Duerr) 

Ericsson (ERICB SS) - Ericsson and Mastercard collaborate to enhance global digital money movement and accelerate digital financial inclusion. (Ericsson)

FLSmidth (FLS DC) - Q4 2025 (DKK): Revenue 14.6bln (prev. 15.7bln), EBITDA 1.9bln (prev. 2.6bln), EPS 0.9 (prev. 2.2 Y/Y); Co. Sees organic revenue -1% to +4%. (FLSmidth) 

Glencore (GLEN LN) - FY (USD): Revenue 247.5bln (exp. 233.9bln); Adj. EBITDA 13.51bln (exp.13.22bln), Adj. EBIT 5.98bln (exp. 5.72bln) CEO: "We expect to be producing over 1 million tonnes annualised by the end of 2028, with Glencore now targeting c.1.6 million tonnes of copper production by 2035, supported by our enviable portfolio of highly capital-efficient copper growth options". "Today we also announced the finalisation of the KCC land access package with Gécamines, unlocking LOM extension, productivity and cost improvements and the pathway to c.300ktpa of copper production". 2026: "We remain focused on delivering on our 2026 priorities, achieving our operational targets and derisking and successfully progressing our organic production growth options, all with the objective of supporting long-term value creation for shareholders". (Glencore) 

Genmab (GMAB DC) - Co. to buy back shares of DKK 725mln. (Genmab) 

Heidelberg Materials (HEI GY) - Co. is in talks to buy a nearly 40% stake in Akcansa Cimento from Haci Omer Sabanci Holding, seeking majority control of the cement joint venture, according to Bloomberg sources. Sabanci’s 39.7% holding was recently valued at about USD 1.1bln after it disclosed a third-party bid; Heidelberg is exploring a competing offer to secure the stake. (Bloomberg) 

Monte dei Paschi (BMPS IM), Mediobanca (MB IM) - The Co.'s Board approved a plan to fully integrate Mediobanca and delist the bank while preserving the brand. (Monte dei Paschi)

Nestle (NESN SW) - Cautious mention in Bloomberg, which notes Nestle is facing mounting pressure after an infant formula contamination triggered the largest recall in its history, adding to existing struggles to lift its share price from multi-year lows. Bloomberg said that the crisis complicates turnaround efforts by new CEO Navratil, who is set to outline his strategy when the company reports FY results on Thursday. (Bloomberg)

Nokia (NOKIA FH) - Nvidia (NVDA) is to take a new stake in the Co. (Newswires)

Puig (PUIG SM) - FY 2025 (EUR): Net revenue 5.042bln (prev. 4.790bln Y./Y), Adjusted EBITDA 1.045bln (prev. 969mln Y/Y), EPS 1.05 (prev. 0.94 Y/Y). (Puig)

Recordati (REC IM) - FY 2025 (EUR): Revenue 2.6bln (exp. 2.6bln), EBITDA 991.1mln, +14.5% Y/Y. FY 2026 financial targets: Net revenue EUR 2.73-2.8bln. (Recordati) 

Demant (DEMANT DC) upgraded to Buy from Hold by Nordea

Legal & General (LGEN LN) downgraded to Neutral from Outperform at BNP Paribas

18 Feb 2026 - 07:30- MetalsEU Research- Source: Newsquawk