Additional European Equity News

ADP (ADP FP) - Q1 (EUR): Revenue 1.19bln (exp. 1.18bln). Outlook: EBITDA margin 32-37% in 2023, 35-38% in 2024 and 2025. (Newswires)

Andritz (ANDR AV) – Q1 (EUR): Revenue 1.96bln (exp. 1.7bln), Net Income 104mln (exp. 91mln), EBTIDA 200mln. Positive outlook for FY23 confirmed. (Newswires)

AstraZeneca (AZN LN) - Q1 2023 (USD): Revenue 10.9bln (exp. 10.7bln). Core EPS 1.92 (exp. 1.68), Co. maintains FY23 guidance. (Newswires)

AstraZeneca (AZN LN) – US FDA has released briefing notes ahead of a oncologic drugs advisory committee to discuss snda for Lynparza. (Newswires)

Barclays (BARC LN) - Q1 2023 (GBP): FICC Revenue 1.79bln (exp. 1.46bln). CIB Revenue 3.98bln (exp. 3.71bln). PBT 2.6bln (exp. 2.2bln), EPS 0.113 (exp. 0.097), CET1 13.6% (exp. 13.5%). (Newswires)

Bucher (BUCN SW) - Q1 (CHF): Sales 970mln (exp. 848mln), Orders 854mln, Backlog 1.9bln. (Newswires)

Carlsberg (CARLB DC) - Q1 2023 (DKK): Revenue 16.4bln (exp. 15.9bln). Co. announces a DKK 1bln share buyback programme. Co. raises the lower end of FY23 operating profit guidance. (Newswires) 

Cargotec (CGCBV FH) – Q1 (EUR): Revenue 1.07bln (exp. 1.01bln), adj. EBIT 112mln, Orders 1.05bln (exp. 1.07bln). (Newswires)

Cellnex (CLNX SM) – Q1 (EUR): Reveneu 985mln (prev. 828mln), Net -91mln (prev. -93mln). (Newswires)

Delivery Hero (DHER GY) – Q1 (EUR): Revenue 2.49bln (exp. 2.53bln). GMV 11.19bln. Profitability target now in-sight given 12% YY revenue growth. (Newswires)

Deutsche Bank (DBK GY) - CEO says job cuts are to be across the bank. (Newswires)

DNB (DNB NO) – Q1 (DKK): NII 14.6bln (exp. 14.4bln), Net Income 10.4bln (exp. 8.9bln), CET1 18.6% (exp. 19.8%). (Newswires)

DSV (DSV DC) – Q1 (DKK): Revenue 40.9bln (exp. 42.4bln), Net 3.3bn (exp. 2.9bln), adj. EBIT 4.6bln (exp 4.2bln). Launch of new share buyback of up to DKK 4.5bln is issued today. (Newswires)

DS Smith (SMDS LN) - Co. says it continues the trends in line with expectations. (Newswires) 

Engie (ENGIE FP) – Obtains final investment decision for the Dieppe-le Treport offshore wind farm, will be the 6th facility commissioned in France from 2026. (Newswires)

EssilorLuxottica (EL FP) – Co. and Roger Federer announce exclusive global eyewear collaboration between Olive Peoples and the RF brand. (Newswires)

Evolution (EVOG SS) – Q1 (EUR): Revenue 429mln (exp. 428mln), Net Income 251mln (exp. 249mln), EBITDA 300mln (exp. 295mln). Plan to release over 100 games in 2023. (Newswires)

GAM Holdings (GAM SW) - Investor Group incluidng Xavier Niel reportedly holds 7.5% of Co., according to Bloomberg. (Newswires) 

Glenore (GLEN LN) – Purchases M.Rio Norte + Altunortre stakes from Norsky Hydro (NHY NO), acquiring non-controlling stakes for a combined equity value of USD 775mln. Enterprise valued USD 1.11bln. Elsewhere, acknowledges decision by Teck to withdrawn separation proposal, remains willing to make an offer directly to Teck shareholders. (Newswires)

GSK (GSK LN) – RSV OA Vaccine has received positive EMA CHMP opinion. (GSK)

LSE (LSEG LN) - Q1 Total Income +7.5% Y/Y. Co. affirms its FY23 revenue and adj. EBITDA margin guidance. (Newswires) 

Nexity (NEXI FP) - Q1 (EUR): Revenue 895mln (exp. 804mln). FY23 outlook unchanged. (Newswires)

Novartis (NOVN SW) - Cosentyx gains positive CHMP opinion for Hidradenitis suppurativa. (Newswires)

Pernod Ricard (RI FP) - Q1 2023 (EUR): Revenue 2.40bln (exp. 2.50bln). Co. guides FY23 organic growth in profit from recurring operations at around +10% and sees very strong Q4 sales. (Newswires)

Petrofac (PFC LN) - FY (USD): Revenue 2.59bln (exp. 2.51bln), EBIT -212mln (exp. -94mln). Outlook for the remainder of year and beyond looks positive. (Newswires)

Repsol (REP SM) – Q1 (EUR): Adj. Net Income 1.89bln (exp. 1.5bln), EBITDA 3.06bln (exp. 3.93bln), EPS 0.85 (exp. 1.12). (Newswires)

Roche (ROG SW) - CHMP recommends EU approval of Roche’s fixed-duration Columvi (glofitamab) for people with relapsed or refractory diffuse large B-cell lymphoma. (Roche)

RWE (RWE GY) - Q1 (EUR): Net 1.67bln, EBIT 2.3bln, EBITDA 2.8bln. FY23 forecasts confirmed. (Newswires)

Sainsbury's (SBRY LN) - FY23 (GBP) Revenue 21.49bln (exp. 31.49bln). Comparable sales ex-fuel +2.6% exp. +2.3%). (Newswires)

Schroders (SDR LN) – CFO Keers is to retire, will be placed by Oldfield on 31st December. (Newswires)

Subsea 7 (SUBC NO) – Q1 (USD): Revenue 1.25bln (exp. 1.19bln), adj. EBITDA 107mln (exp. 101mln). (Newswires)

Software AG (SOW GY) – Q1 2023 (EUR): Revenue 210.6mln (exp. 214mln). Adj. EBITDA 23.6mln (exp. 27.5mln). Co. affirms FY23 targets. (Newswires) 

Sanofi (SAN FP) – Q1 (EUR): Revenue 10.22bln (exp. 10.19bln), Operating Income 3.33bln (exp. 3.14bln), Net Income 2.7bln (exp. 2.5bln), EPS 2.16 (exp. 2.01). FY23 guidance confirmed. (Newswires)

Schneider Electric (SU FP) – Q1 (EUR): Revenue 8.5bln (exp. 8.3bln). FY23 guidance: Revenue Growth 10 to 13% (prev. 9 to 11%), adj. EBITA margin +100 to +130bps (prev. +50 to +80bps). (Newswires)

St James' Place (SJP LN) - Gross inflows 4.17bln, Net inflows 2bln (prev. 2.9bln). Continue to anticipate a more supportive environment for new business as 2023 unfolds. (Newswires)

Taylor Wimpey (TW/ LN) - Reiterates FY guidance, intends to pay a 2022 final ordinary dividend of GBP 0.0478/shr. As of 23rd April, total order book value stood at GBP 2.4bln. (Newswires)

Telenet Group (TNET BB) – Q1 (EUR): Revenue 703mln (exp. 690mln), Net 16mln (exp 77mln). Reconfirming FY23 guidance. (Newswires)

TotalEnergies (TTE FP) - Q1 2023 (USD): Adj. Net 6.54bln (exp. 6.29bln). (Newswires)

Unibail-Rodamco-Westfield (URW NA) - Q1 2023 (EUR) Revenue 758.8mln (prev. 734.5mln Y/Y). Co. has affirmed its FY23 Adj. recurring EPS in the range of EUR 9.30-9.50 (Newswires) 

Unilever (ULVR LN) - Q1 2023 (USD): Revenue 14.8bln (exp. 14.12bln). Underlying sales +10.5% (exp. +7.6%). Co. still sees FY underlying sales at the high end of the +3% to +5%."Our expectation for net material inflation (NMI) for 2023 is unchanged. We anticipate around EUR 1.5bln in the first half and significantly lower NMI in the second half, with a wide range of possible outcomes, though we do not expect cost deflation." (Unilever /Newswires) 

WPP (WPP LN) - Q1 2023 (GBP): +9.9% to GBP 2.83bln. LFL revenue +4.9% Y/Y. (Newswires) 

Aena (AENA SM) reiterated with Overweight at JPMorgan Chase

Air France-KLM (AF FP) reiterated with Overweight at JPMorgan Chase

Danone (BN FP) reiterated with Overweight at JPMorgan Chase

easyJet (EZJ LN) upgraded to Neutral from Underweight at JPMorgan Chase

Getinge (GETIB SS) upgraded to Buy from Hold at DNB

Glencore (GLEN LN) reiterated with Overweight at JPMorgan Chase

Safran (SAF FP) reiterated with Overweight at JPMorgan Chase

Scor (SCO FP) reiterated with Underweight at JPMorgan Chase

SSAB (SSABA SS) upgraded to Outperform from Neutral at Oddo Securities 

Wizz Air (WIZZ LN) reiterated with Overweight at JPMorgan Chase

27 Apr 2023 - 07:35- Exclusive- Source: Newsquawk