Additional European Equity News

ABN AMRO (AMRO NA) - Dutch state has lowered its stake in the Co. to around 30% (prev. held 40.5% in Oct 2024) (Newswires) 

Centrica (CNA LN) - Sales of Cygnus gas field for GBP 80mln interest. (Newswires) 

Diploma (DPLM LN) - HY (GBP): Notes of positive momentum into H2 across all three sectors. Upgrades FY25 guidance, organic rev. growth of 8% and Op. Margin of 22%. (Newswires) 

Greggs (GRG LN) - Trading Update (GBP): Total Sales 784mln, +7.4% Y/Y. Affirms guidance. Confident in opening 140-150 shops for FY. (Newswires) 

Konecranes (KCR FH) - Raises EBITA margin 13-16% (prev. guided 12-15% by FY27). Industrial Equipment EBITA margin target raised to 8-11%; Service EBITA Margin target raised to 21-25%. Targets sales growth faster than market. (Newswires) 

Heineken (HEIA NA) - Secondary ABO offering size of up to 5.2mln shares; orders below EUR 68.70/shr risk missing. (Newswires) 

LondonMetric (LMP LN) - FY25 (GBP): EPS 17.1p (prev. 10.6p Y/Y), Net Rental Income 390.6mln (prev. 175.3mln Y/Y). (Newswires) 

Smiths (SMIN LN) - Q3 Trading Update: Organic Revenue +10.6% Y/Y. (Newswires) 

SSP (SSPG LN) - H1 (GBP): Revenue 1.66bln (exp. 1.64bln), Op. Income 15.1mln (exp. 67.8mln). Affirms guidance. (Newswires) 

Vodafone (VOD LN) - FY (EUR): Revenue 37.5bln (exp. 38.1bln), adj. EBITDAaL 10.9bln (exp. 11.5bln). Launched a new EUR 2bln buyback programme, beginning with EUR 0.5bln. Q1 (cont): Service Revenue 30.75bln (prev. 36.7bln) Other Revenue 6.69bln (prev. 6.8bln) Operating profit -0.4bln (prev. 3.6bln) PBT -1.47bln (prev. 1.6bln) CEO: "Looking ahead, we expect to see broad-based momentum across Europe and Africa, and for Germany to return to top-line growth during this year. This is reflected in our guidance for profit and cash flow growth for the year ahead.” (Newswires) 

EDP (EDP PL) upgraded to Buy from Hold at Deutsche Bank 

20 May 2025 - 07:10- EquitiesEU Research- Source: Newsquawk