Additional European Equity News

Anglo American (AAL LN) - Rough diamond sales for De Beers’ eighth sales cycle, amounting to USD 490mln vs prev. USD 467mln Y/Y. (Anglo American)

Antofagasta (ANTO LN) - Gold production +8.8% Q/Q, copper production +1.5% Q/Q; co. maintains FY copper production guidance at 710-740k tonnes. (Newswires)

Avast (AVST LN) - Q3 revenue USD 232mln, +5.6%; adj. EBITDA USD 127mln, +0.8%. Confirms FY21 outlook. (Newswires)

Burberry (BRBY LN) – Jonathan Akeroyd has been appointed CEO, as of April 1st 2022. (Newswires)

Danske Bank (DANSKE DC) - Swedish FSA Co. should improve its anti money laundering defenses. (Newswires) 

Deliveroo (ROO LN) - Co. notes of a strong Q3 performance and upgrades Gross Transaction Value (GTV) growth guidance to 60-70% vs prev. 50-60%. Co. maintains FY gross profit margin guidance. (Newswires)

Elisa (ELISA FH) - Q3 revenue EUR 496mln vs exp. EUR 488mln. EBITDA EUR 186mln vs exp. EUR 186mln. Co. upgrades EBITDA guidance. (Newswires)

Fabege (FAB SS) - Q3 rental revenue SEK 2.10bln vs prev. SEK 2.10bln Y/Y. Net SEK 3.14bln vs prev. SEK 2.13bln. (Newswires)

Getinge (GETB SS) – Q3 net sales SEK 6.3bln vs exp. SEK 6.6bln, adj. EBIT SEK 1.09bln vs exp. SEK 0.95bln, order intake SEK 7.1bln vs prev. SEK 5.9bln. Remediation measures in Germany concluded during the quarter. (Newswires)

Hammerson (HMSO LN) - overall, footfall in all territories now stand at around 15-20% below 2019 levels. Rent collection rates have improved, with 70% of billable rent collected for Q4. (Newswires) 

Iberdrola (IBE SM) – Co. did not partake in the latest domestic renewable energy auction due to regulatory uncertainty. (Newswires)

ING (INGA NA) - Co. will book provisions of EUR 180mln in Q3 results as compensation to Dutch retail customers with certain consumer credit products. (Newswires) 

Metro Bank (MTRO LN) - Q3 total deposits -1% Y/Y. Credit impairments were benign and in-line with guidance. (Newswires) 

Repsol (REP SM) – Reportedly intending to increase their dividend as oil prices have increased, according to Expansion. (Newswires)

Sanofi (SAN FP) - Co. is said to expect an IPO of its Euroapi unit in early 2022, contingent on market conditions. (Newswires) 

Segro (SGRO LN) - Q3 vacancy rate 3.2% vs prev. 4.3% Q/Q Net debt GBP 3.3bln vs prev. GBP 3.1bln Q/Q. (Newswires) 

Yara (YAR NO) – Q3 revenue USD 4.5bln vs exp. USD 3.8bln, net income USD -143mln vs exp. USD 361mln, adj. EBITDA USD 765mln vs exp. USD 738mln, operating income USD 121mln vs prev. USD 384mln. (Newswires)

ENDESA (ELE SM) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT MORGAN STANLEY

RIO TINTO (RIO LN) DOWNGRADED TO HOLD FROM BUY AT JEFFERIES

LONZA (LONN SW) UPGRADED TO BUY FROM NEUTRAL AT UBS

WH SMITH (SMWH LN) INITIATED WITH BUY AT DEUTSCHE BANK

20 Oct 2021 - 07:17- Research Sheet- Source: Newsquawk