Additional European Equity News
Amundi (AMUN FP) - Co. posts better than exp. Q1 inflows, thanks to its JV in Asia. (Newswires)
Barry Callebaut (BARN SW) - Co. fined CHF 110k for breaching provisions of ad hoc publicity negligently. (Newswires)
Daimler Truck (DTG GY) – UAW files four unfair labour practice charges against the Co. as contract talks are ongoing, via CCJ. (CCJ)
Electrolux (ELUX SS) – Q1 (SEK): Revenue 31.07bln (exp. 30.66bln), Organic sales decreased by 3.7% mainly driven by negative pricing. We anticipate promotional intensity in North America to moderate sequentially throughout the year. (Newswires)
Jeronimo Martins (JMT PL) – Q1(EUR): EBITDA 508mln (exp. 495.4mln), Revenue 8.06bln (exp. 7.9bln). (Newswires)
Heineken (HEIA NA) – Adopted dividend proposal for FY23 of EUR 1.73/shr. (Newswires)
IMCD (IMCD NA) – Q1 (EUR): FCF 106mln (prev. 147mln Y/Y), Net Profit 295mln. (Newswires)
Hexagon (HEXA SS) – Q1 (EUR): Adj. EPS 0.101 (exp. 0.1), Sales 1.299bln (exp. 1.32bln). (Newswires)
Holmen (HOLMB SS) – Q1 (SEK): Op. 994mln (exp. 888mln), Revenue 5.72bln (exp. 5.64bln). (Newswires)
Kingspan (KGP LN) – Trading Update (EUR): Underlying Revenue -8% Y/Y, Net Debt 1.29bln +311mln in Q1. Board to instigate a share buyback programme of 1.5mln shares. Trading outlook into Q2 looks encouraging. (Newswires)
NatWest Group (NWG LN) - Q1 (GBP): Pretax operating profit 1.33bln (exp. 1.28bln). Net 987mln (exp. 834mln). Revenue 3.48bln (exp.3.38bln)
Orlen (PKN PW) – FY (PLN): Net profit 20.68bln (exp. 27.55bln). Revenue 372.77bln (exp. 372.64bln). (Newswires)
OMV (OMV AV) – Co and Boreali sign long-term supply agreements with Tomra for recycling feedstock. (Newswires)
Pearson (PSON LN) – Q1 Trading Update: On track to achieve 2024 guidance. Underlying sales growth +3%. (Newswires)
Skanksa (SKAB SS) – Upgrades the South Brooklyn Marine Terminal in USA for USD 612mln. (Newswires)
Thule (THULE SS) – Q1 (SEK): Sales 2.42bln (Exp. 2.43bln), Adj. FCF 89mln. (Newswires)
TotalEnergies (TTE FP) Q1 (USD): Adj. Net 5.11bln (exp. 5bln). Adj. EBITDA 11.5bln (exp. 11.1bln). Plans a USD 2bln share buyback Q2; Cash flow from operating activities 2.2bln (prev. 5.1bln Y/Y)
URW (URW FP) - Q1 (EUR): Turnover +3.7% in Q1'24.. (Newswires)
AAK (AAK SS) upgraded to Hold from Sell at Handelsbanken
Ashtead (AHT LN) upgraded to Buy from Hold at HSBC
Sobi (SOBI SS) downgraded to Hold from Buy at SEB