Additional European Equity News

Asos (ASC LN) - FY (GBP): Revenue 2.48bln (exp. 2.69bln), adj. EBIT -32.2mln (exp. -39mln), adj. pretax profit -98.2mln (exp. -121.6mln). For FY26, GMV is to show an improving trajectory throughout the year, with GMV 3-4ppts ahead of revenue performance as FF scales. Headcount was further streamlined during the year, ending the year 4.9% lower than FY24. (Asos)

Babcock (BAB LN) - H1 (GBP): Revenue 2.54bln (prev. 2.41bln Y/Y), adj. EBIT 201.1mln (prev. 169mln Y/Y), contract backlog 9.9bln (prev. 9.5bln Y/Y), confirms FY26 outlook. (Babcock)

EQT (EQT SS) - Co. has acquired a majority stake in DESOTEC from Blackstone (BX). (Newswires)

H&M (HMB SS) - Co. has decided to buyback SEK 1bln of its shares as it aims to distribute surplus liquidity. Buyback is to begin on November 21st, 2025. (H&M)

Heidelberg Materials (HEI GY) - The Co. is to buy Walen Specialty Construction Products in Delaware. The acquisition is to further strengthen the Co.'s low-carbon product portfolio and extends its market reach in the Northeast Region of the United States. (Heidelberg Materials)

Ubisoft (UBI FP) - H1 (EUR): Revenue 657.8mln (exp. 727mln), EPS -0.28 (exp. 0.55), confirms FY25 targets and by year-end, the Co. will have finalised the design of its new operating model. Adds that Tencent transaction is on track to close in the coming days. Further commentary stated that the Co. is not in compliance with leverage covenant ratio. Trading will resume at 09:00GMT following halting trade on November 14th. (Ubisoft)

Telefonica (TEF SM) - The Co. has signed a 4-season broadcasting rights deal with UEFA worth USD 1.68bln per season. (Newswires)

Nokia (NOKIA FH) upgraded to Buy from Hold at Danske Bank

21 Nov 2025 - 07:35- EnergyEU Research- Source: Newsquawk