Additional European Equity News

Amadeus IT (AMS SM) - FY21 (EUR): Revenue 2.67bln (prev. 2.17bln).  (Newswires)

ArcelorMittal (MT NA) - Announces that a significant shareholder has decided not to partake further in the USD 1bln buyback programme, as such their % holding will increase as the buyback operation occurs. (Newswires)

Babcock (BAB LN) - Overall trading in first 10 months was in line with expectations. (Newswires) 

Bekaert (BEKB BB) - Revenue 4.80bln (prev. 3.77bln). EBITDA 677mln (prev. 473mln). Announced a share buyback of up to EUR 120mln. (Newswires)

Casino (CO FP) - FY21 (EUR): EBITDA 2.53bln (exp. 2.51bln). Revenue 30.6bln (prev. 31.9bln Y/Y). Co. recommends no dividend. EBIT margin 7.2% (prev. 7.0%). (Newswires)

Deutsche Bank (DBK GY) – CEO Sewing exchanged messages with Wruck a businessman the Co. has abandoned as a client amid potential suspicious payments. (FT)

Evraz (EVR LN) - FY21 (USD); Net 3.11bln (prev. 860mln). (Newswires) 

Hikma (HIK LN) - Co. launch a USD 300mln share buyback. (Newswires) 

IAG (IAG LN) – FY21 (GBP): Operating -2.765bln (exp. -3.151bln), after-tax -2.933bln (prev. -6.935bln). Expect a significant quarterly operating loss for Q1, expects operating result to be profitable from Q2. Q4: passenger capacity 58% of 2019 (prev. 43% QQ). Omicron had a short-term negative impact. Targeting passenger capacity of 65% of 2019 in Q1 and 85% for FY22. (Newswires)

Peasons (PSON LN) - FY21 (GBP): net 160mln (prev. 310mln Y/Y). Revenue 3.43bln (prev. 3.40bln). (Newswires) 

Johnson Matthey (JMAT LN) upgraded to Equal Weight from Underweight at Barclays

Swiss Re (SREN SW) - FY21 (CHF): Net 1.44bln (exp. 1.9bln). Net premiums 42.7bln (prev. 40.88bln Y/Y). (Newswires) 

Valeo (FR FP) - FY21 (EUR): Sales 17.26bln (prev. 16.44bln). EBITDA 2.31bln (prev. 1.51bln). Co. proposes a dividend of 0.35/shr. Guidance does not take into account recent Russia-Ukraine developments. (Newswires) 

Volkswagen (VOW3 GY) - CFO says there is potential for Porsche AG IPO to happen as soon as Q4 2022. (Newswires)

BP (BP/ LN) upgraded to Outperform from Sector Perform at RBC

Campari (CPR IM) upgraded to Sector Perform from Underperform at RBC

Johnson Matthey (JMAT LN) upgraded to Equal Weight from Underweight at Barclays

Red Electrica (REE SM) downgraded to Sell from Neutral at Citi

Unilever (ULVR LN) downgraded to Neutral from Buy at Goldman Sachs

25 Feb 2022 - 07:44- Equities- Source: Newsquawk