Additional European Equity News
Alstom (ALO FP) - The Co., Northrail and Rive Private Investment sign a framework contract of up to EUR 370mln.
Bayer (BAYN GY) - Safety profile of Aflibercept 8MG in diabetic macular edema (DME) remains comparable to Eylea with no new signals identified. (Bayer)
Cineworld (CINE LN) - Co. continues to emerge from Chapter 11 cases in July. Co. says its plan releases around USD 4.5bln of the group's funded indebtedness. The plan involves execution of backstopped rights offering to raise gross proceeds of USD 800mln and provision of USD 1.46bln in new debt financing. (Newswires)
Essilorluxottica (EL FP) - The Co. and Jimmy Choo announce a ten-year licensing agreement for design, manufacture and worldwide distribution of Jimmy Choo eyewear. (Newswires)
H&M (HMB SS) - Final H1 2023 (SEK): Revenue 112.5bln (prev. 103.7bln). Operating profit 5.47bln (prev. 5.45bln Y/Y). Gross profit 56.2bln (prev. 54.1bln). operating margin 4.9% (prev. 5.3%). Notes that the summer collections have been well received and Q3 has seen a good start. Co. notes the cost markdowns in relation to sales was flat Y/Y. Q3 cost of markdowns in relation to sales is seen increasing slightly Y/Y. 2023 AGM authorised a SEK 3bln share buyback in the period up to the 2024 AGM. (Newswires)
Volvo (VOLVB SS) - Announce Mats Backman as new CFO and member of the Co. executive board. (Newswires)
Aixtron (AIXA GY) initiated with Buy at Citi
Ashtead Group (AHT LN) downgraded to Neutral from Outperform at BNP Paribas
Kering (KER FP) downgraded to Hold from Buy at HSBC
Soitec (SOI FP) initiated with Buy at Citi
29 Jun 2023 - 07:24- EquitiesResearch Sheet- Source: Newswires
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