Additional European Equity News

Adecco (ADEN SW) - Q4 (EUR): Adj. EBITDA 187mln (prev. 265mln Y/Y), Revenue 5.87bln (prev. 6.11bln Y/Y). Expects Q1'25 gross margin to be higher sequentially, in line with normal seasonality. (Newswires) 

Aena (AENA SM) - FY (EUR): EBITDA 3.51bln, Sales 5.76bln. Proposes to split number of shares in proportion of 10 new shares for each old share by reducing unit part value of each share from EUR 10 to EUR 1. (Newswires) 

Airbus (AIR FP) - Airbus CEO is scheduled to visit Poland and is reportedly hoping for a major order from the nation, via Le Monde; article is titled "Poland wishes to become a shareholder in Airbus". (Le Monde)

Aston Martin (AML LN) - FY24 (GBP): Revenue 1.58bln (exp. 1.60bln, prev. 1.63bln Y/Y). Adj. EBITDA 271mln (exp. 274.8mln). 2025: Expects to deliver positive adj. EBIT in FY25 and FCF in H2'25; says FCF to "materially improve". Departure of c. 5% of its global workforce. Expects annualised op. expenditure savings of around GBP 25mln. (Newswires) 

AstraZeneca (AZN LN) - Camizestrant improved PFS in 1L HR+ breast cancer. Shows trend toward improvement in PFS2. (Newswires) 

Bayer (BAYN GY) - Co. reports positive results from phase III study for Bayer's investigational contrast agent Gadoquatrane. (Newswires)

Convatec (CTEC LN) - FY (USD): Revenue 2.28bln (exp. 2.28bln), EBIT 325mln (exp.454.3mln); confident in FY25 outlook and guidance. (Newswires) 

Commerzbank (CBK GY) - UniCredit (UCG IM) has reported the planned acquisition of a minority stake in Commerzbank as being udner assessment, via the German Cartel Office. (Newswires)

Hikma (HIK LN) - FY (USD): Core Net Income 495mln (prev. 492mln Y/Y), Revenue 3.13bln (prev. 2.88bln Y/Y). Guides initial FY25 rev. +4-6%. (Newswires) 

HSBC (HSBA LN) - Co. targets hundreds of city dealmaking jobs as job cuts begin, according to Reuters citing Financial News

Novartis (NOVN SW) - An arm of Sandoz Family Foundation, Emasan, has launched a public offering of some 26.5mln shares to raise up to USD 3bln in an ABB, according to Reuters citing a bookrunner. (Newswires) Shares -2.3% in pre-market trade

Metro Bank (MTRO LN) - Confirms the sale of GBP 584mln unsecured personal loan book. (Newswires) 

Santander (SAN SM) - Raises total cash dividend by 19% in 2024. (Newswires) 

Stellantis (STLAM IM/STLAP FP) - H2 (EUR): Net Revenue 71.861bln (exp. 70.4bln), EBIT 185mln (exp. 706mln), Co. has burnt some EUR 6bln of cash in FY24 amid fall in income and impact of production adjustments  FY Adj. Margin 5.5% (prev. 12.8% Y/Y)  Dividend to common shareholders proposed at EUR 0.68 per share, representing a 5% yield, pending shareholder approval.  2025 financial guidance of “Positive” Net Revenue Growth, “Mid-Single Digits” AOI margin and “Positive” industrial free cash flows, reflecting both the early stage of the commercial recovery as well as elevated industry uncertainties.  The process to appoint the new permanent Chief Executive Officer is well underway and will be concluded within the first half of 2025. In the meantime, the Company is focused on execution

Wolters Kluwer (WKL NA) - FY (EUR): Revenue 5.94bln. Outlook: Adj. EBIT Margin 27.1-27.5%. Announcing 2025 share buyback of up to EUR 1bln. (Newswires) 

Siemens (SIE GY) upgraded to Buy at Bank of America 

26 Feb 2025 - 07:10- ForexEU Research- Source: Newsquawk