Additional European Equity News

Air Liquide (AI FP) – H1 net EUR 1.24bln vs prev. EUR 1.08bln. Operating profit EUR 1.95bln vs prev. EUR 1.81bln. Revenue EUR 10.9bln vs prev. EUR 10.3bln. Co. affirmed FY21 guidance. (Newswires)

Anglo American (AAL LN) - H1 adj. EBITDA USD 12.14bln vs exp. USD 11.57bln. Adj. profits USD 5.34bln vs exp. USD 4.75bln. Adj. EPS USD 4.3bln vs exp. USD 3.83bln. Co. is to pay USD 4.1bln in interim dividend, extra return and buybacks. Co. declared a special dividend of USD 0.80/shr. (Newswires) 

ArcelorMittal (MT NA) - Q2 revenue USD 19.3bln vs prev. US 11bln. Co. announced a new USD 2.2bln share buyback and notes that demand is improving. Co raises guidance on steel consumption, China demand, US consumption and European consumption. (Newswires) 

Arkema (AKE FP) - Q2 revenue EUR 2.4bln vs prev. USD 1.9bln. EBITDA EUR 478mln vs prev. EYR 286mln. Co. raises FY21 EBITDA guidance. (Newswires) 

AstraZeneca (AZN LN) – Q2 revenue USD 8.22bln vs exp. USD 7.511bln, core EPS USD 0.90/shr vs exp. USD 0.90/shr.  Update FY21 guidance to include Alexion; previous expectations from both companies remain broadly in-line with assumptions. Anticipate an increase in capital expenditure. (Newswires)

Banco Sabadell (SAB SM) - Q2 net EUR 147mln vs exp. EUR 94mln. Revenue EUR 1.2bln vs prev. EUR 1.1bln YY. (Newswires) 

BAE Systems (BA/ LN) - H1 revenue GBP 10bln vs prev. GBP 9.87bln. Opearting profit GBP 1.03bln vs prev. GBP 849mln. (Newswires) 

BT (BT/A LN) - Q1 Adj. revenue GBP 5.07bln vs exp GBP 5.15bln. Adj. EBITDA GBP 1.87bln vs exp. GBP 1.80bln. Co. maintains FY21-23 outlook. (Newswires) T and Microsoft today announced a new strategic partnership to accelerate innovation across enterprise voice, cyber security and industry-focused services in sectors from digital manufacturing to health, setting businesses in the UK and around the world back to growth. (PR Newswire) 

Casino (CO FP) - H1 revenue EUR 14.5bln vs prev. EUR 16.1bln. EBITDA EUR 1.1bln vs prev. EUR 1.1bln. Co. sees profitable H2 growth. French retail SSS -8.4% YY. (Newswires)  

Danone (BN FP) - H1 net EUR 1.0bln vs prev. 1.1bln. Revenue EUR 11.8bln vs prev. EUR 12.2bln. Recurring operating profit EUR 1.5bln vs prev. EUR 1.7bln. (Newswires) 

Diageo (DGE LN) - FY net sales GBP 12.73bln vs exp. GBP 12.52bln. Pretax profit GBP 3.71bln vs exp. GBP 3.63bln. FY organic net sales growth +16% vs exp. +13.3%. (Newswires)

DNO (DNO NO) – Q2 revenue USD 184mln vs exp. USD 240mln, +14% QQ. North Sea brent production 9.9k BOEPD, a decline. (Newswires)

Drax (DRX LN) - H1 revenue GBP 2.2bln vs prev. GBP 2.1bln. Adj. EBITDA GBP 165mln vs prev. GBP 160mln. (Newswires) 

DSV Panalpina (DSV DC) - Q2 revenue DKK 37.8bln vs prev. DKK 28.8bln. Co. announced a DKK 4bln share buyback programme. (Newswires) 

EDF (EDF FP) – H1 revenue EUR 39.6bln vs exp. EUR 39.2bln, EBITDA EUR 10.6bln vs exp. EUR 9.5bln, net profit EUR 4.17bln vs exp. EUR 2.1bln. Upgraded 2021 guidance and 2022 targets confirmed; FY21 EBITDA over EUR 17.7bln vs exp. EUR 18.5bln. Regrets that the reform of the French nuclear industry cannot be conclude now, and the subject of this, the domestic nuclear industry and group remains ‘unresolved’, CEO. In discussions with UK on Sizewell. (Newswires)

Evraz (EVR LN) - Total crude steel production -1.3% YY. (Newswires) 

Grifols (GFS SM) - H1 net EUR 279mln vs prev. EUR 117mln. Revenue EUR 2.5bln vs prev. EUR 1.18bln. (Newswires) 

HeidelbergCement (HEI GY) – Q2 revenue EUR 4.98bln vs exp. EUR 4.95bln, RCOBD EUR 1.18bln vs exp. EUR 1.23bln. Upgrades profit outlook to a ‘strong increase’ in RCOBD vs prev. guided ‘slight increase’. (Newswires)

Hargreaves Lansdown (HL LN) – CFO Johnson is to step down for personal reasons. (Newswires)

Ipsen (IPN FP) - H1 net EUR 303mln vs prev. EUR 222.2mln. Co. raises FY revenue growth guidance to +8% from +4%. (Newswires) 

JC Decaux (DEC FP) - Q2 adj. revenue EUR 1.08bln vs prev. EUR 1.08bln Q2 operating profit EUR 31.4mln vs prev. EUR -61.8mln. (Newswires) 

Kion (KGX GY) - Q2 net EUR 154mln vs exp. EUR 134mln. Revenue EUR 4.97bln vs prev. EUR 1.9bln. (Newswires)  

Lloyds (LLOY LN) – H1 NII GBP 5.4bln vs exp. GBP 5.4bln, net income GBP 7.6bln vs prev. GBP 7.4bln. Interim ordinary dividend of GBP 0.67/shr, CET1 ratio of 16.7% after the dividend accrual. Enhancing FY21 guidance. To acquire Embark group. (Newswires)

Orange (ORA FP) - Q2 revenue EUR 10.6bln vs prev. EUR 10.4bln. EBITDAAL EUR 3.27bln vs prev. EUR 3.31bln. Co. affirmed Capex and organic cash flow guidance. (Newswires) 

Puma (PUM GY) - Q2 revenue EUR 1.59bln vs prev. EUR 831mln. Net EUR 49mln vs prevv. EUR -96mln. Affirms guidance. (Newswires) 

Repsol (REP SM) - Q2 EBITDA EUR 1.79bln vs. prev. EUR 240mln and adj. net EUR 488mln vs. prev. Y/Y loss of EUR 258mln. (Newswires)

Royal Dutch Shell (RDSA LN) - Q2 Adj. net USD 5.54bln vs exp. USD 5.2bln. Adj. EPS USD 0.71 vs exp. USD 0.61. Adj. EBITDA USD 13.507bln vs prev. USD 11.490bln. CFFO USD 14.176bln vs prev. USD 12.683bln. Cash Capex USD 4.383bln vs prev. USD 3.974bln. Q2 dividend +38% QQ to USD 0.24.shr. Co. launches a share buyback of USD 2bln and targets completion by year-end. Co notes of marginally higher oil operating expenses than in Q1 2021, driven by a recovery in volumes. (Royal Dutch Shell)

Sanofi (SAN FP) - Dupixent significantly improved itch and hives in patients with chronic spontaneous urticaria, a step forward in demonstrating the role of type 2 inflammation in these patients; results from a Phase 3 study. (Sanofi)

Solvay (SOLB BB) – Q2 revenue EUR 2.46bln vs exp. EUR 2.35bln, EBITDA EUR 602mln vs exp. EUR 567mln. Upgrades FY21 guidance: EBITDA to EUR 2.2-2.3bln vs prev. guided EUR 2.0-2.2bln vs exp. EUR 2.26bln. (Newswires)

Spie (SPIE FP) - H1 EBITDA EUR 159mln vs prev. 93mln. Revenue EUR 3.3bln vs prev. EUR 3bln. (Newswires) 

STMicroelectronics (STM FP) – Q2 revenue USD 2.99bln vs exp. USD 2.9bln. Forecast Q3 revenue USD 3.2bln vs exp. USD 3.00bln. Co. raises FY CAPEX guidance. Gross margin 40.5% vs prev. 35% YY. Adj operating margin 16.3% vs prev. 5.1%. (Newswires)

Telefonica (TEF SM) – Q2 revenue ERU 9.96bln vs prev. EUR 10.3bln. Adj. OIBDA EUR 3.27bln vs prev. 3.43bln. Net EUR 7.74bln vs prev. EUR 425mln,reflecting net exceptional impacts of EUR 7.4bn. Co. raises FY21 revenue guidance. (Newswires) Virgin Media-O2 will expand its UK fibre network to over 14mln homes/business in the next seven-years; taking on BT (BT/A LN). (FT)

Telecom Italia (TIT IM) – Co. may seek investors for its cloud and wholesale undersea cable business, CEO Gubitosi. (Newswires)

Total (FP FP) – Q2 revenue USD 42.6bln vs exp. USD 42.6bln, EBITDA USD 8.67bln vs exp. USD 9.1bln, net USD 3.5bln vs exp. USD 3.2bln. To allocate a portion of surplus revenue to share buybacks; allocating up to 40% of additional cash flow generated above USD 60/bbl to share buybacks. Dividend stable at EUR 0.66/shr. (Newswires)

Valneva (VLA FP) – Buhler has been appointed as CFO. (Newswires)

Veolia (VIE FP) - H1 net EUR 301mln vs prev. EUR -138mln. EBITDA EUR 2.1bln vs prev. EUER 1.6bln. Co. raises FY21 EBITDA guidance. (Newswires) 

29 Jul 2021 - 07:57- Research Sheet- Source: Newsquawk