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

26 Apr 2024 - 07:07- EquitiesResearch Sheet- Source: Newsquawk