Additional European Equity News

Aveva (AVV LN) – Achieved double-digit revenue growth during H2, with FY revenue flat YY. FY results will be announced in May. CEO Hayman to retire after the July AGM, Herweck is to be seconded from Schneider Electric (SU FP) to take over from May. (Newswires)

Biomerieux (BIM FP) – Q1 revenue EUR 845mln vs exp. EUR 568mln. Co. cuts its FY21 organic revenue growth guidance. (Newswires)

Boliden (BOL SS) – Investment in Boliden Kristineberg of SEK 1.25bln, production expected to commence in 2023. (Newswires)

BP (BP/ LN) - Q1 revenue USD 36.5bln vs exp. USD 31.4bln. Adj. net profit USD 2.63bln vs exp. USD 1.51bln. Co. has announced a USD 500mln share buyback in Q2. Q4 dividend USD 5.25/shr vs prev. USD 5.25/shr Q/Q. Co. notes that it debt target has been achieved. Co. expects Q2 reported upstream production to be lower vs Q1. Co. sees higher product demand across customer businesses in Q2. Industry refining margins are expected to improve over the course of this year vs Q1. Co. continues to expect Capex around USD 13bln in 2021. (Newswires)

DSV Panalpina (DSV DC) – Q1 adj. net DKK 2.39bln vs exp. DKK 1.96bln. Revenue DKK 33.6bln vs exp. SEK 30.3bln. Co. announces a share buyback of up to DKK 4bln. Co. raises its FY21 Adj. EBITDA target. (Newswires)

IWG (IWG LN) – Q1 revenue GBP 528.3mln vs prev. GBP 691.9mln. (Newswires) 

Lagardere (MMB FP) – Q1 revenue EUR 905mln vs prev. EUR 1.36bln. LFL sales 13.5%. (Newswires)

Novozymes (NZYMB DC) – Q1 revenue DKK 3.7bln vs exp. DKK 3.5bln, EBIT DKK 1.1bln vs exp. DKK 0.89bln, net profit DKK 0.88bln vs exp. DKK 0.7bln. FY21 sales outlook not changed due to timing factors, in-spite of improved underlying momentum. (Newswires)

Schneider Electric (SU FP) - Q1 revenue EUR 6.53bln vs prev. EUR 5.83bln. Co. raises FY21 adj. EBITDA, organic sales and Adj. EBITDA margin goals. (Newswires)

Serco (SRCO LN) -  Been awarded two contracts by UK Work & Pensions, combined value of GBP 350mln. (Newswires)

Swedbank (SWEDA SS) – Q1 net SEK 4.9bln vs exp. SEK 4.4bln. Revenue SEK 11.0bln vs prev. SEK 10.2bln Y/Y. Adj. ROE 12.8% vs prev. 6.5% Y/Y. NII SEK 6.5bln vs prev. SEK 6.7bln. Credit impairment ration 0.06% vs prev. 0.51%. (Newswires)

Telecom Names – Ofcom announces final results of the latest spectrum auction, licences granted across the following: Telefonica (O2D GY) 703-713MHz, 758-768MHz and 3760-3800MHz band; Vodafone (VOD LN) 3720-3760MHz band. (Newswires)

Travel Names - UK Transport Secretary Shapps has called for a meeting between G7 counterparts at the June 11th summit to form a global travel system that would form international standards for 'green list' countries accepted digital vaccination/test proof as a condition of entry; June 28th would be the earliest possible date for such a scheme to come into effect. (Telegraph)

Whitbread (WTB LN) – FY revenue GBP 589mln vs exp. GBP 640mln, pretax loss of GBP 1.01bln, adj. pretax loss of GBP 635mln vs exp. loss GBP 691mln. Commenced next phase of the efficiency programme. (Newswires)

UK Miners - Copper prices extend on gains with LME copper topping USD 9,900/t.

27 Apr 2021 - 07:42- EquitiesResearch Sheet- Source: Newsquawk