Additional European Equity News

Autos - European car sales (March) 1.38mln, -2.8%; on weak EV demand. (Newswires) 

ACS (ACS SM) - Co. has made a substantial equity investment in Skysports Infrastructure. (Newswires) 

Allianz (ALV GY) - Completes transaction to sell its 51% stake in Allianz Saudi Fransi to ADNIC. (Newswires) 

Aixtron (AIXA GY) - Selected by Wolfspeed to support 200mm production. (Newswires) 

Bankinter (BKT SM) - Q1 (EUR): Net 201mln (exp. 196mln), NII 578mln (exp. 576mln). (Newswires) 

Bayer (BAYN GY) - Co. says Askbio receives FDA fast track designation for AB-1002. (Newswires) 

Deliveroo (ROO LN) – Q1 Trading Update: Confirms FY24 guidance. Sees adj. EBITDA in range of 110-130mln. (Newswires)

easyJet (EZJ LN) – Trading Update. Q2: Passengers +8% Y/Y, Load Factor -1pp, Ticket Yield +9%. Capacity growth is on track. Passengers 16.8mln (exp. 16.9mln). Winter FY24 loss reduced by over GBP 50mln Y/Y, “as demand for our flights and holidays continues to build well for summer”. Positive FY24 outlook; Q3 Airline RPS expected slightly higher Y/Y, Q4 RPS remains well ahead Y/Y. (easyJet)

Ferrexpo (FXPO LN) - FY23 (USD): Net -85mln (prev. 220mln Y/Y. Revenue 652mln (exp. 660mln). (Newswires) 

Grifols (GRF SM) - Co. is in large negotiations with large debt funds over a EUR 1bln private placement, via Cinco Dias. (Cinco Dias)

JDE Peet's (JDE LN) - Co. says the timeline for EU deforestation law is "very, very tight". Signs new zero-deforestation deals with seven coffee-producing countries ahead of the incoming law, via Reuters. (Reuters) 

Rentokil (RTO LN) – Q1 (GBP) Trading Update: Revenue 1.27bln. On track to deliver expectations in FY24. Made positive overall start in 2024. (Newswires)

Segro (SGRO LN) – Q1 Update: “Strong growth in our rent roll during the first quarter, supported by ongoing favourable occupier market dynamics.” Adds “Market data shows industrial and logistics asset values are stabilising”. Further, “well-placed to invest in profitable development with an average yield on cost of 7-8%”. (Segro)

Santander (SAN SM) - Co. will exit the the mortgage business in Germany and cut around 500 jobs by end of 2026, via Reuters. (Reuters)

National Grid (NG/ LN) – Trading Update: Expect underlying EPS to be in-line with the prior year. (Newswires) 

Vistry (VTY LN) - Commences GBP 100mln buyback until Sept 30th. (Newswires) 

Watches - Swiss Trade (Mar) 3.5420B CH (Prev. 3.662B CH, Rev. 3.680B CH); Swiss Watch Exports -16.1% (prev. -3.8%). (Newswires) 

IDS (IDS LN) upgraded to Hold from Sell at Deutsche Bank  

18 Apr 2024 - 07:10- EquitiesResearch Sheet- Source: Newsquawk