Additional European Equity News

Air Liquide (AI FP) - Co. is planning to buyback around 1.2mln shares at EUR 150.74/shr (at Tuesday's closing price). (Newswires)

Auto1 (AG1 GY) - Q4 2021 (EUR): Revenue 1.6bln (prev. 779.1mln). 128.9mln (prev. 82.8mln). (Newswires)

Deutsche Post (DPW GY) - Co's retail unit has reportedly reached a wage agreement, according to reports. (Newswires)

Dignity (DTY LN) - FY21 (GBP): Revenue 312mln (prev. 314.1mln Y/Y). EPS 0.242 (perv. -0.510). Adj. operatng profit 55.8mln (prev. 60.3mln). (Newswires) 

Gambling Names - NY Court of Appeals reversed a decision that stated daily fantasy sports violated the state constitution's ban on gambling. (Gambling)

Kingfisher (KGF LN) - Announced a GBP 75mln share repurchase programme. (Newswires)

Leoni (LEO GY) - Q4 2021 (EUR): Revenue 5.12bln (prev. 4.1bln y/Y). EBIT 172mln (prev. -59mln). (Newswires)

Semperit (SEM AV) - FY21 (EUR): Revenue 1.18bln (prev. 927.6mln Y/Y). adj. EBITDA EUR 361.8mln (prev. 208.6mln). (Newswires)

Petrofac (PFC LN) – FY21 (USD): Revenue 3.05bln (4.08bln). Achieved the targeted cost savings of 250mln. Well positioned with a pipeline of 37bln for award in 2022, 7bln of which is new energies. Market outlook is improving, recovery in energy prices is supportive of increased capital spending by clients. Made significant progress on strategic objectives. (Newswires)

Poste Italiane (PST IM) - FY21 (EUR): Revenue +6.6% Y/Y. EBIT 21.1% Y/Y. Increases FY22 net profit guidance at EUR 1.4bln (prev. EUR 1.3bln). (Newswires)

RWS (RWS LN) - Sees performance at the lower end of prior guidance. (Newswires) 

Telefonica (TEF SM)/ Mapfre (MAP SM) - Cos agreed to sell car insurance to Telefonica customers at better prices. (Cinco Dias) 

ABB (ABBN SW) upgraded to Neutral from Underperform at Oddo Securities

ABN AMRO (ABN NA) downgraded to Reduce at AlphaValue/Baader

ING (INGA NA) upgraded to Equal Weight from Underweight at Barclays

KBC Group (KBC BB) downgraded to Underweight at Barclays

OMV (OMV AV) downgraded to Hold from Buy at Deutsche Bank

Phillips (PHIA NA) downgraded to Add at Baader

Schaeffler (SHA GY) downgraded to Sell from Neutral at Citigroup

TotalEnergies (TTE FP) downgraded to Hold from Buy at Deutsche Bank

Umicore (UMIB BB) upgraded to Buy at Citi

23 Mar 2022 - 07:32- EnergyResearch Sheet- Source: Newsquawk