Additional European Equity News

Atos (ATO FP) – Implementation of a buyback programme, limited to 300k shares. (Newswires)

Cellnex Telecom (CLNX SM) - CO. has picked Patuano as its top executive, according to Bloomberg. (Newswires) 

Deutsche Bank (DBK GY) - Co. has agreed to buy Numis (NUM LN) for GBP 3.50/shr (vs GBP 2.04 close on Thursday). (Newswires) Numis had a market cap of GBP 225mln as of Thursday.

Electrolux (ELUXB SS) – Q1 (SEK): Revenue 32.7bln (exp. 29.9bln), Net -588mln (exp. -768mln), EPS -2.18 (exp -1.42). (Newswires)

Eni (ENI IM) - Q1 (EUR): Adj. net income 2.91bln (exp. 2.3bln), adj. operating profit 4.64bln (exp. 3.6bln). Co. cuts FY operating profit view to 12bln from 13bln (exp. 14.64bln) (Newswires)

Erste Group (EBS AV) - Q1 2023 (EUR): Revenue 2.50bln (exp. 2.42bln). Net 94mln (exp. 503mln0. Co. raises its FY NII group to +15% (prev. +10%). (Newswires)

Hexagon (HEXAB SS) – Q1 (EUR): Sales 1.28bln (exp. 1.26bln), adj. EPS 0.104 (exp. 0.103), PBT 344mln (exp. 331mln), Net Income 282mln (exp. 271mln). (Newswires)

Hikma Pharma. (HIK LN) – Good start to the year, stronger thane expected in Generics business as such upgrading FY guidance for Generics. Will pay a final dividend of USD 0.37/shr. (Newswires)

Holmen (HOLMB SS) - Q1 2023 (SEK): Revenue 6.22bln (exp. 5.8bln), Adj. EBIT 1.74bln (exp. 1.5bln). (Newswires) 

Glencore (GLEN LN) - Canada’s main opposition party called for the government to block Glencore's proposed takeover of Teck Resources (TECK), according to Bloomberg. (Newswires) 

Konecranes (KCR FH) – Q1 (EUR): Orders 1.28bln (exp. 0.97bln), Sales 899mln (exp. 794mln), EBIT 85mln, Net 52mln, EPS 0.66. (Newswires)

Kingspan (KGP LN) – Q1 (EUR): Sales approached 2bln, +4% YY. Americas overall strong, western Europe solid, CEE remained tough again. Proposes to delist from the LSE, subject to shareholder approval. Current share trading negligible as a percentage of the total trading. (Newswires)

NatWest Group (NWG LN) - Q1 2023 (GBP): Pretax operating 1.82bln (exp. 1.55bln). Net Income 1.28bln (exp. 1.02bln). NIM 2.90bln (exp. 2.86bln). (Newswires)

Neste (NESTE FH) – Q1 (EUR): Revenue 5.3bln (exp. 5.8bln), EBITDA 830mln (exp. 782mln), adj. EPS 0.72 (exp. 0.68). Strong start to 2023. (Newswires)

Pearson (PSON LN) – Q1 Update: Growth: Sales +6%, Total +2%, Total ex-OPM/Review 6%. Remain on track to achieve our 2023 guidance. Intend to commence a buyback to repurchase GBP 300mln shares in H2. (Newswires)

Prudential (PRU LN) – Q1 Update (USD): New Business Profit 743mln, +30%; APE sales 1.56bln, +35%. Business momentum has continued into Q2, particularly in Hong Kong. (Newswires)

ProsiebenSat.1 (PSM GY) – Reached an agreement with Nucom co-shareholder General Atlantic to acquire its shares in Jochen Schweizer MyDays. (Newswires)

Sopra Steria (SOP FP) – Q1 (EUR): Revenue 1.4bln. Confirms FY targets. (Newswires)

Saint-Gobain (SGO FP) - Q1 2023 (EUR): Revenue 12.4bln (exp. 12.3bln). Co. has affirmed its FY23 operating guidance. Like-for-like sales progressed by 4.7%, with all segments reporting growth. Prices were up by 10.2% over the quarter, owing to price increases implemented last year and certain additional measures taken locally at the start of 2023. (Saint-Gobain IR)

SBB (SBB SS) – Q1 (SEK): Net -3.89bln (exp. 0.27bln), PBT -3.95bln (exp. 0.65bln). “The demand for our community service properties and rent regulated residentials has never been higher than now.”. (Newswires)

Smurfit Kappa (SKG LN) - Q1 2023 (EUR): Revenue 3.0bln (prev. 3.0bln Y/Y). EBITDA 579mln (prev. 514mln). EBITD margin 19.3% (prev. 17.0%). (Newswires) 

Telecom Italia (TIT IM) - BDL, which holds a 2.5% stake in the Co., as deemed the two non-binding offers for TIM as insufficient, according to Reuters sources. (Newswires) 

Tui  (TUI LN) - S&P raises rating one notch to "B" from "B-"; outlook positive. (Newswires) 

Umicore (UMI BB) - Co. provided a trading update: "Umicore started the year in line with expectations despite downward price pressure on key metals manifesting itself over the quarter." (Umicore)

Wendel (MF FP) - Q1 2023 (EUR): Revenue 2.18bln (prev. 1.98bln). Co. has confirmed its 2023 outook. (Newswires) 

Yara (YAR NO) – Q1 (USD): Revenue 4.16bln (exp. 4.5bln), Operating Income 199mln (exp. 604mln), Net 104mln (exp. 424mln), adj. EBITDA 487mln (exp. 858mln). (Newswires)

Subsea7 (SUBC NO) upgraded to Buy from Neutral at SpareBank

28 Apr 2023 - 07:05- ForexResearch Sheet- Source: Newsquawk