Additional European Equity News

AB Foods (ABF LN) – H1 (GBP): Revenue 9.56bln (exp. 9.24bln), adj. Operating Profit 684mln (exp. 694mln). FY expectation remains for adj. Operating Profit and adj. EPS to be broadly in-line YY. At Primark, remain cautious about the resilience of consumer spending. Some macro headwinds for the consumer remain. In H2, continued management of significant input cost inflation remains a priority. (Newswires)

Adler Group (ADJ GY) - Q1 2023 (EUR): Net Rental Income 245mln (prev. 346mln). FFO 0.74 (prev. 1.17 Y/Y). FFO 1-development in line with guidance. "The company refrained from providing a FFO 1 guidance for the year 2023, as the Group's current focus is on steering its liquidity position and deleveraging through asset and portfolio disposals. " (Adler IR/ Newswires)

Anglo American (AAL LN) - Q1 2023: Copper production +28%, Rough Diamond production flat, Steel-making Coal production +59%. Copper production guidance remains unchanged. (Newswires) 

Boliden (BOL SS) – Q1 (SEK): Revenue 19.6bln (exp. 22.6bln), EBIT 3.4bln (exp. 3.45bln), EPS 9.29 (exp. 10.38). (Newswires)

Deutsche Lufthansa (LHA GY) - Italy's Treasury and Germany's Lufthansa agree to extend exclusive talks over the sale of ITA Airways until May 12th (prev. April 24th), according to Reuters sources. (Newswires) 

Enagas (ENG SM) - Q1 2023 (EUR): Revenue 221mln (exp. 225mln). EBITDA 174mln (exp. 171mln). Net 54.6mln (prev. 69.3mln). Co. affirms FY23 targets. (Newswires)

Enel (ENEL IM) - Italian Treasury reportedly told investors it wants Enel to accelerated disposal of assets and maintain its dividend policy, according to Reuters sources. (Newswires) 

Fingerprint Cards (FINGB SS) – Q1 (SEK): Revenue 117mln, Operating loss 75.7mln (prev. loss 32mln). Demand for smartphones and computers remained subdued during Q1, insufficient demand and continued destocking in industry expected to continue to hit sales and margins at least until Q2. (Newswires)

GSK (GSK LN) - European Medicines Agency validates marketing authorisation application for Jemperli plus chemotherapy for the treatment of recurrent endometrial cancer. (GSK)

Hammerson (HMSO LN) - Q1 net renal income +5% Y/Y, according to the pre-AGM update. (Newswires) 

IWG (IWG LN) – Q1 Update (GBP): Revenue 760mln, +25% YY. Remain cautiously optimistic about FY23 outlook and do not alter financial guidance. (Newswires)

JD Sports (JD/ LN) – Shapland, former Sainsbury’s CFO, is to be named as a non-executive director on April 15th, via Sky News citing sources. (Sky News)

Jupiter Fund Management (JUP LN) - Q1 2023 (GBP): AUM 50.8bln (prev. 50.2bln Q/Q). Co. said positive momentum was maintained. (Newswires 

Richemont (CFR SW)/Swatch (UHR SW) - Swiss Watch Exports (Mar) +13.8% Y/Y (prev. +12.2%). (Newswires)

Stora Enso (STERV FH) – Q1 (EUR): Sales 2.72bln (exp. 2.83bln), EBITDA 399mln (exp. 470mln), EBIT 234mln (exp. 304mln). Market outlook is worsening and accelerated towards latter part of Q1. (Newswires)

Wartsila (WRT1V FH) – Q1 (EUR): Sales 1.46bln (exp. 1.41bln), PBT 84mln (exp. 77mln), adj. EBITA 93mln (exp. 99mln). To begin repurchasing own shares, maximum to be repurchased is 1mln shares or 0.169% of total number of shares. (Newswires)

Whitbread (WTB LN) – FY (GBP): Revenue 2.63bln (exp. 2.56bln), Net 279mln (exp. 298mln), adj. EBITDA 888mln (exp. 863mln), PBT 375mln (exp. 378mln). Commencing a share buyback of up to GBP 300mln. Remain confident in FY24 outlook. (Newswires)

ASML (ASML NA) downgraded to Hold from Buy at Stiefel Nicolaus

Salzgitter (SZG GY) reiterated with Underweight at JPMorgan Chase

Sartorius (SRT GY) reiterated with Overweight JPMorgan Chase

Veolia Environment (VIE FP) upgraded to Neutral from Underweight at JPMorgan Chase

Voestalpine (VOE AV) reiterated with Underweight at JPMorgan Chase

Tui (TUI LN) upgraded to Outperform from Underperform at Oddo Securities

Yara (YAR NO) downgraded to Sell from Hold at Norne Securities

25 Apr 2023 - 07:05- EquitiesExclusive- Source: Newsquawk