Additional European Equity News

AAK (AAK SS) - Q3 (SEK): Adj. EPS 3.5 (exp. 3.52), net income 911mln (exp. 912mln), co. well-positioned to support the transition towards a more sustainable food system. (AAK)  

Antofagasta (ANTO LN) - Q3 Copper Production 162Kt, +1.1% Q/Q. Driven by a partial destocking of inventories at Los Pelambres and an increase in copper grades and recoveries at Centinela. "Cash cost guidance for the full-year also remain unchanged, driven by our improving operational performance and robust gold prices". (Newswires) 

Air France (AF FP) - Completes acquisition of a 2.3% stake in WestJet. (Air France)

Ex dividends BAE Systems (BA/) will trade without entitlement to its latest dividend pay-out.

Beiersdorf (BEI GY) - Q3 (EUR): Sales 2.35bln (prev. 2.38bln Y/Y), sees FY25 organic sales growth of near 2.5% (prev. 3%) and consumer organic sales growth of 2.5% (prev. 3-4%). (Beiersdorf)  

Elisa (ELISA FH) - Q3 (EUR): Revenue 561mln (exp. 561.1mln), EBIT 139mln (exp. 141.7mln), Q3 prepaid subscriptions rose by 9000, FY revenue to be similar to 2024. (Elisa)

Hemnet (HEM SS) - Q3 (SEK): Net sales 366.7mln, EBITDA 195.4mln (exp. 225mln). (Hemnet)

IHG (IHG LN) - Q3 (USD): Global RevPAR +0.1% (exp. -0.1%). On track to return over USD 1.1bln to shareholders in 2025 through share repurchases and dividend payments. (IHG)

Kerry Group (KYGA  LN) - Q3 volume growth +3% (prev. +3% Y/Y), maintains FY EPS guidance. (Kerry)

KBC (KBC BB) - Acquisition of Business Lease in the Czech Republic and Slovakia. (KBC)

Legal & General (LGEN LN) - CEO says co. is unhappy with share price performance, stating the strategy is working but needs to convince investors, pension buyout business is accelerating. Adds that deterioration in private credit lending is largely a US issue. (Newswires)

Lloyds (LLOY LN) - Q3 (GBP): NII 3.451bln (exp. 3.426bln), underlying impairment charge of 618mln in Q3, outlook for 2025 sees underlying NII to be near 13.6bln, intends to gradually pay down to a CET1 near 13% by end of 2026. (Lloyds)

London Stock Exchange (LSEG LN) - Q3 (GBP): Total income 2.308bln, raises margin guidance and increases share buyback, to acquire a higher proportion of surplus revenue in Swapclear business for a total cash consideration of 1.15bln. (London Stock Exchange)  

MTU Aero (MTX GY) - 9M (EUR): Revenue 6.32bln, +20% Y/Y. EBIT 1.03bln, +20% Y/Y, Net Income 763mln, +53% Y/Y. Free cash flow for 2025 expected to reach EUR 350-400mln (prev. guided 300-250mln). (MTU)  

Metso (METSO FH) - Q3 (EUR): EPS 0.17 (exp. 0.16), Sales 1.33bln (exp. 1.24bln). (Newswires)   

Relx (REL LN) - Trading Update (9M): Underlying Rev. Growth +7%. FY Outlook: “We continue to see positive momentum across the group, and we expect another year of strong underlying growth in revenue and adjusted operating profit”. (Relx)

Rentokil (RTO LN) - Q3 Organic Revenue +3.4% Y/Y. Current trading in-line with expectations. (Newswires)   

Schroders (SDR LN) - Group AUM of GBP 816.7bln, launched two active ETFs in Europe and announced to exit Brazil and Indonesia markets since H2 results. (Schroders)

Shell (SHEL LN) - Co. to appeal against the decision of a South African court to block exploration in offshore blocks 5,6,7. (Shell)

St James’s Place (STJ LN) - Q3 Gross Inflows 1.76bln (prev. 0.9bln Y/Y). (Newswires)   

Tietoevry (TIETO FH) - Q3 (EUR): Revenue 454.2mln (exp. 451.5mln). Notes of early signs of margin recovery with transformation execution ongoing. (Tietoevry). 

Unilever (ULVR LN) - Q3 (EUR): Sales 14.7bln (exp. 14.91bln), Underlying Net Sales +3.9% (exp. 3.69%), reaffirms FY25 outlook, Magnum demerger to be completed in Q4’25, anticipates to pay its Q4 dividend in full and lower restructuring costs of around 1.2% of turnover for FY25. (Unilever) 

Volvo Cars (VOLCARB SS) - CFO said high tariffs will impact group EBIT by 1-2% in 2025, but due to pricing actions and tariff reduction the company will see roughly a 1% drop from tariff roller coaster. 

23 Oct 2025 - 07:08- MetalsEU Research- Source: Newsquawk