Additional European Equity News

Assa Abloy (ASSAB SS) - Q1 revenue SEK 21.81bln vs exp. SEK 21.27bln, net profit SEK 2.253bln vs exp. SEK 2.182bln. (Newswires)

Atlantia (ATL IM) - Co's Autostrade has signed a EUR 750mln 5yr revolving credit facility. (Newswires)

Beiersdorf (BEI GY) - Q1 sales +6.3% and are at pre-crisis levels. TESA brand led the sales. Online business +70% Y/Y. (Newswires)     

British American Tobacco (BATS LN) - Co is confident in achieving mid-to-single figure EPS growth and 65% dividend policy. Co. remains confident in 2022 target. (Newswires) 

Danske (DANSKE DC) - Q1 PBT DKK 4.054bln vs Co. exp. DKK 3.363bln. Q1 loan impairment charges of DKK 497mln vs Co. exp. DKK 741mln. Net loan impairment charges for the quarter were driven by an improved economic outlook, leading to no increase in provisions. NII DKK 5.45bln vs Co. exp. DKK 5.589bln. Co. maintains its FY21 outlook and notes of good customer activity at the start of the year. (Newswires)

Diasorin (DIA IM) - Q1 revenue EUR 267mln vs prev. EUR 174.6mln. EBITDA EUR 130mln. (Newswires)

Fresinllo (FRES LN) - Q1 silver production -2.4% Q/Q. Gold output +5.9% Q/Q. Co. maintains its 2021 production guidance. (Newswires)   

IAG (IAG LN) - Co's British Airways is mulling legal action after regulators allowed Heathrow to raise an extra GBP 300mln by increasing passenger charges. (Telegraph)    

Lloyds (LLOY LN) – Q1 revenue GBP 3.7bln vs exp. GBP 3.80bln, pre-tax profit GBP 1.89bln vs exp. GBP 1.58bln, EPS GBP 0.018 vs prev. GBP 0.005, CET1 ratio 16.7%, net interest income GBP 2.67bln vs exp. GBP 2.66bln. Enhancing FY21 guidance following the solid Q1 performance; accruing dividends with the intention to resume a progressive and sustainable ordinary dividend policy. (Lloyds)

LSE (LSE LN) - Q1 total income +3.9%, data and analytics +4.7%. Borsa Italia divestment progressing well and expecting to complete shortly in Q2. (Newswires)

Persimmon (PSN LN) – Trading update: strong start to the year with the current forward sales 23% above prev. year and 11% ahead of 2019 comparable period. Balance sheet and liquidity remain robust; undrawn GBP 300mln revolving credit facility. Remains on track to increase number of new homes handed to customers vs prev. YY. (Newswires)

Puma (PUM GY) - Q1 revenue EUR 1.55bln vs exp. EUR 1.5bln net EUR 109.2mln vs prev. EUR 36mln. EBIT EUR 154mln vs exp. EUR 142mln.(Newswires) 

Sainsbury (SBRY LN) - FY pretax GBP -261mln vs prev. GBP +255mln. The loss predominantly reflects one-off costs and impairments associated with strategic changes announced in November. Underling pretax profit -39% Y/Y, digital sales +102%, grocery sales +7.8%. general merchandise sales +8.3%. Co. notes the strong performance was offset on a statutory basis by materially reduced fuel sales. Co. revises four-year net debt reduction target to at least GBP 950mln vs prev. GBP 750mln despite short term expectations of some working capital reversal. Co. proposes a final dividend of GBP 0.074/shr and a FY dividend of GBP 0.106/shr. (Newswires)

Symrise (SY1 GY) - Q1 revenue EUR 950mln vs exp. EUR 925mln. Co. affirms FY and medium-term targets. (Newswires) 

UK Travel & Leisure - Spain has confirmed that all UK tourists will be allowed to travel to the country by June. (Telegraph) 

28 Apr 2021 - 07:31- EquitiesResearch Sheet- Source: Newsquawk