Additional European Equity News

Ams Osram (AMS SW) – Q2 (EUR): Revenue 819mln (exp. 822mln). EBITDA margin of 16.5% at upper end of guided range. (Newswires) Shares +8.5% in pre-market trade

Air Liquide (AI FP ) – H1 (EUR): Revenue 13.38bln (exp. 13.37bln), Op. Income 2.60bln (exp. 2.58bln). Outlook: Air Liquide is confident in its ability in its ability to further increase its op. margin and to deliver recurring profit growth. (Newswires)

Bouygues (EN FP) – H1 (EUR): Sales 26.52bln (exp. 26.67bln), Op. Profit 747mln (exp. 721mln). (Newswires)

Bureau Veritas (BVI FP) - H1 (EUR): Revenue 3.02bln, +4% Y/Y, Op. Profit 451.9mln, +4.1% Y/Y. Upgraded 2024 outlook: Sees organic revenue "high single digit growth" (prev. guided "mid-to-high-single digit organic growth". (Newswires)

Drax (DRX LN) – H1 (GBP): Adj. EBITDA 515mln (prev. 417mln Y/Y), Op. Profit 518mln (prev. 392mln Y/Y). Improved outlook for 2024 and  GBP 300mln buyback. FY24 expectations for adj. EBITDA around top end of analysts consensus estimates. (Newswires)

Konecranes (KCR FH) – Q2 (EUR): Pretax profit 131.9mln (exp. 93.5mln), Revenue 1.03bln (exp. 965mln). Demand environment with industrial customer segments has remained good and continues on a healthy level. (Newswires)

Hensoldt (HAG GY) – H1 (EUR): Revenue 849mln , +17% Y/Y. Confirms FY outlook. With strong order intake and increased profitability in H1. (Newswires)

Hexagon (HEXAB SS) – Q2 (EUR): Adj. EPS 0.108 (exp. 0.11), Sales 1.35bln (exp. 1.39bln). (Newswires)

Leonardo (LDO IM) - CEO says he would be open to Saudi Arabia joining the tri-nation fighter jet project in the scenario that the UK decides to reduce its commitment to the project, via FT. In reference to the project which is currently between Italy, UK & Japan.

Man (EMG LN) – H1 (USD): AuM 178.2bln (prev. 151.7bln Y/Y). USD 11mln of share buyback announced in Feb was outstanding at 24 July. (Newswires)

NatWest (NWG LN) – Q2 (GBP): Total Income 3.65bln (exp. 3.4bln), NII 2.75bln (exp. 2.63bln), Operating Profit 1.69bln (exp. 1.26bln), adj. Income 3.59bln (exp. 3.4bln). Sees FY adj. Income 14bln (exp. 13.8bln), ROTE above 14%, Operating Costs to be broadly stable. Targeting a CET1 of 13-14% (FY24 exp. 13.3%). (NatWest)

Rightmove (RMV LN) -H1 (GBP): Revenue 192.1mln (prev. 179.5mln Y/Y. Reiterated FY guidance. (Newswires)

Sabadell (SAB SM) - CEO has cautioned that **BBVA (BBVA SM)** could be forced by regulators to offload parts of its units which cater to smaller firms, a ruling which would put at risk the main selling point for the ongoing hostile bid. (FT)

Segro (SGRO LN) – H1 (GPB): Adj. Pretax profit 227mln, +14.6% Y/Y, Pretax profit 235mln. (Newswires)

Metro Bank (MTRO LN) – Confirmed sale of GBP 2.5bln residential mortgage portfolio to Natwest (NWG LN). (Newswires)

Traton (8TRA GY) – H1 (EUR): Adj. Op. results 2.1bln, +7% Y/Y, Revenue 23.4bln, +2% Y /Y. Confirmed FY guidance. (Newswires)

Valeo (FR FP) - H1 (EUR): Total Sales 11.11bln (exp. 11.22bln), Op. margin 4% (exp. 3.6%, EBITDA 1.38bln (exp. 1.32bln). (Newswires)

26 Jul 2024 - 06:57- Research Sheet- Source: Newsquawk