Additional European Equity News

Bavarian Nordic (BAVA DC) – Q2 (DKK): Revenue 1.4bln (exp. 1.24bln), EBITDA 420mln (exp. 315mln). FY Revenue outlook 5.3bln. In response to recent events company plans to ram-up vaccine manufacturing to ensure continued equitable access to Mpox vaccine. Has capacity to manufacture 10mln doses by end-2025. (Newswires) 

Bayer (BAYN GY) - Initiates Phase II study of soluble guanylate cyclase activator in patients with chronic kidney disease. Results of this study have potential to provide evidence of SGC activator as a viable treatment option for cardiovascular diseases. (Newswires) 

Hays (HAS LN) - FY (GBP): Net fees 1.11bln, -14% Y/Y. Reiterated medium-term conversion rate target of 22.5%. (Newswires)

JD Sports (JD/ LN) - Q2 Trading Update: Strong, agile multi-brand model delivers 8.3%, organic sales growth and 2.4% LFL growth. Maintaining guidance. Global macro environment remains volatile, continuing to be cautious for the rest of the year. LFL growth strongest in NA, +5.7% and Europe +3%. CEO says, on recent bid speculation, no comment to rumours "if there was something to see, we would say it". (Newswires) 

Rockwool (ROCKB DC) - Q2 (EUR): EBITDA 253mln (exp. 255mln). (Newswires)

Serco (SRP LN) - Won USD 320mln Putuffik space base contract. (Newswires)  

Siemens (SIE GY) - Co. picked Toyota's (7203 JT) Vanderlande as a buyer for its airport logistics unit Siemens Logistics, according to Reuters sources. (Newswires) 

Volvo AB (VOLVB SS) - Received order for 300 electric trucks from DSV; deal one of the largest commercial order to date for the Co. (Newswires) 

Flutter (FLTR LN) initiated with Overweight at Morgan Stanley 

22 Aug 2024 - 07:50- Research Sheet- Source: Newsquawk