Additional European Equity News

Anglo American (AAL LN) FY (USD): Revenue 27.3bln (exp. 27.6bln), adj. EBITDA 8.46bln (exp. 8.49bln), Net Impairments of 3.8bln.  Co. and Codelco are to unlock significant value from joint mine plan for Los Bronces and Andina copper mines. New holding Co., jointly owned, will coordinate the mine plan.  Refined PGM production guidance for FY25 is 3.0-3.4mln/oz, usually lower in Q1 vs the remainder of the year.  Reduced the carrying value of De Beers by 2.9bln; De Beers spin-off process not expected to gain traction until H2 2025 CEO says the Co. has had a number of investors showing an interest in buying De Beers. (Newswires)

Centrica (CNA LN) - FY25 (GBP): EPS 19p (prev. 33.4p Y/Y), Adj. Op Income 1.55bln (prev. 2.75bln Y/Y). Announces a GBP 500mln share buyback. (Newswires)

Edison (EDNR IM) - FY (EUR): FY Revenue 15.4bln (prev. 18.43bln Y/Y). 2025 Outlook: Core Profit 1.2-1.4bln - due to a downward trend in energy prices. (Newswires) 

FLSmidth (FLS DC) - Q4 (DKK): Revenue 5.33bln (exp. 5.22bln). Guidance 2025: Mining Revenue 15bln (prev. 15.5bln). Proposes dividend of DKK 8/shr. (Newswires) 

Lloyds (LLOY LN) Q4 (GBP) Statutory Pretax Profit 824mln (exp. 1.03bln), NII 12.84bln (exp. 12.88bln), NIM 2.95% (exp. 2.94%); announces a GBP 1.7bln share buyback  Remediation costs of GBP 899mln in 2024.  2025:     Sees Underlying NII of 13.5bln.

Hays (HAS LN) - H1 (GBP): Adj. Pretax Profit 19mln (prev. 55.5mln Y/Y). Permanent job flows and activity levels are in-line with pre-Christmas levels and remain tough in EMEA (particularly in France), UK and Germany. (Newswires) 

GSK (GSK LN) - Nucala application for COPD accepted for review in China. (Newswires) 

John Wood (WG/ LN) - Secures a USD 120mln contract extension with Shell UK. Elsewhere, CFO Balan retires after it emerged his professional qualifications were misstated, via The Times (Newswires) 

Mondi (MNDI LN) - FY (EUR): Revenue 7.42bln (exp. 7.46bln). (Newswires) 

Repsol (REP SM) Q4 (EUR): EPS -0.04 (exp. 0.43), EBITDA 1.9bln (exp. 1.72bln), Net -36mln. To propose a share capital reduction, expected before end-July, minimum buyback of EUR 700mln to do this. On track to meet 2025 commitments. (Newswires)

SAP (SAP GY) raises quarterly dividend 6.8% to EUR 2.35 (prev. EUR 2.20)

Indivior (INDV LN) - Q4 (USD): Adj. EPS 0.32 (prev. 0.43 Y/Y), Adj. Op. Income 66mln (prev. 66mln Y/Y). Guides initial FY25 Revenue 955mln-1.03bln (exp. 1.08bln). (Newswires) 

Tecan (TECN SW) downgraded to Hold from Buy at Deutsche Bank 

20 Feb 2025 - 07:10- ForexEU Research- Source: Newsquawk