Additional European Equity News

Avanza (AZA SS) – Q1 2026 (SEK): Op. Income 1.26bln (exp. 1.23bln). CEO:  "Avanza stands strong and today we are reporting record results and our best quarter ever, despite a rapidly changing world. We are now also entering the next phase of our growth journey outside Sweden, where we have decided, as a first step, to establish Avanza organically in Denmark”. (Avanza)

Associated British Foods (ABF LN) - H1 2026 (GBP): Revenue 9.47bln (prev. 9.51bln Y/Y), Adj. operating profit 0.69bln (prev. 0.84bln Y/Y). Reaffirms FY outlook, with the exception of Sugar, in which now expecting adj. operating loss in 2026. Decided to proceed with the demerger of Primark from its food business. CEO: "We knew the first half of this financial year was going to be challenging and that's borne out in our financial results. However, we still expect improved Group performance in the second half. We expect the cost consequences [of the Middle East conflict] in 2026 to be manageable." (Associated British Foods)

AstraZeneca (AZN LN) - Co.'s Ultomiris demonstrated statistically significant and clinically meaningful reduction of proteinuria in adults with immunoglobulin A nephropathy in I CAN Phase III trial. (AstraZeneca)

British Land (BLND LN) – Trading Update: Strategic delivery driving total accounting returns and upgraded guidance. Expect FY26 Underlying EPS of 28.9p, ahead of guidance. Upgrading FY27 Underlying EPS guidance to at least 30.5p (prev. 30.2p). (British Land) 

Beiersdorf (BEI GY) – Q1 2026 (EUR): Revenue 2.48bln (exp. 2.54bln). Organic Revenue -4.6% Y/Y. Affirms guidance. (Beiersdorf)

Electricity - The UK Government is to raise the windfall tax on electricity generators to 55%. (Market Source) Confirms earlier FT reports.

Investor AB (INVEB SS) - Q1 2026 (SEK): Adj. NAV 1125bln (prev. 1087bln Y/Y). Listed companies generated a total return of 5%, the total return for Patricia Industries amounted to 4%. (Investor AB)

Royal Unibrew (RBREW DC) - Co. has ended its partnership with PepsiCo in Northern Europe due to the expiry of current licence agreements. This is to affect 13% of net revenue and there is a transition cost of DKK 300mln. (Royal Unibrew)

THG (THG LN) - Q1 Trading Update (GBP): Total revenue 393mln, +7.0% Y/Y on CCY; Nutrition 160mln, +8.8% Y/Y on CCY; Beauty revenue 233mln, +5.8% on CCY, driven by a strong US performance and 7% order growth in the core UK market, reiterates FY guidance. (THG)

Volkswagen (VOW3 GY) - CEO Blume says the Co. plans to reduce global production capacity by 1mln cars by 2028, stating that overcapacity is not sustainable in the long term. (Spiegel)

UK Renewables - UK Energy Minister said to announce overhaul to land access and grid connection processes, plans to make it easier for renters to install EV chargers. (POLITICO)

Metso (METSO FH) downgraded to Hold from Buy at Kepler Cheuvreux

21 Apr 2026 - 07:29- EquitiesEU Research- Source: Newsquawk