Additional European Equity News

BMPS (BMPS IM)/Mediobanca (MB IM) – The mayor of Milan, Giuseppe Sala, has sided with Mediobanca in the takeover saga, remarking that it is clear the deal doesn’t possess a “strategic sense”. (Newswires)

BT (BT/ LN) - Q3 (GBP): Adj. Revenue 5.18bln (exp. 5.19bln); reconfirms FY25 financial outlook and mid-term guidance. (Newswires) 

Electrolux (ELUXB SS) - Q4 (SEK): Revenue 37.96bln (exp. 35.34bln). (Newswires) 

Evolution (EVO SS) Q4 (EUR): Revenue 625mln (exp. 539mln), EBITDA 455mln (exp. 371mln), EPS 1.83. Intends to repurchase shares totalling EUR 500mln in 2025. 2025 priority is growth and increasing market share. (Newswires)

Fevertree (FEVR LN) - Molson Coors to acquire 8.5% of the Co. for USD 23.9mln. (Newswires)

Generali (G IM) - Co. to pay out EUR 7bln dividends in three-year plan

Glencore (GLEN LN) -  Production report: "2024 production volumes were delivered within our guidance ranges (unchanged from the beginning of the year), reflecting stronger second half (H2) performances across our key commodities". (Newswires)

H&M (HMB SS) - Q4 (SEK): Sales 62.19bln (exp. 63.48bln), Op. Profit 4.62bln (exp. 4.22bln); proposing dividend of SEK 6.80/shr (prev. 6.50/shr).  In period 1 Dec - 28 Jan 2025; Sales +4% Y/Y in local currencies.  Outlook: Sees positive signs such as inflation and interest rates going down. (Newswires)

IDS (IDS LN) – UK’s Ofcom proposes a package of reforms to the Universal Service Obligation (USO) on Royal Mail and corresponding changes to Royal Mail’s obligation to provide access to its letter network. (Ofcom)

Roche (ROG SW) - CEO says co. to hold R&D spending broadly flat in 2025. (Newswires) 

Shell (SHEL LN) - Q4 (USD) Revenue 66.3bln (exp. 71.9bln), adj. Earnings 3.66bln (exp. 4.1bln), adj. EPS 0.60 (exp. 0.824), Dividend 0.358/shr (FY exp. 1.45/shr). USD 3.5bln buyback. Q4 incl. net impairment charges and reversals of 2.2bln, and net losses from asset sales. Q1 Outlook: Integrated gas production 930-990k/BOEPD     LNG Liquefaction volumes 6.6-7.2mln/T     Upstream production 1.75-1.95mln/BOEPD. (Newswires) 

Rio Tinto (RIO LN) - Co. and Hydro partner on carbon capture tech for aluminium smelters. (Newswires) 

Serco (SRP LN) - Acquired leading US defence businesses for USD 327mln. (Newswires) 

Saga (SAGA LN) - Sees 2024/24 underlying PBT that is marginally higher than the prior year. Successfully refinance corporate debt.  (Newswires) 

St James Place (STJ LN) - Q4 FuM (GBP): 190.2bln. (Newswires) 

Sage (SGE LN) - Q1 Trading Update: Total Revenue 612mln, +10% Y/Y. (Newswires) 

Nokia (NOKIA FH) - Expects to close Infinera acquisition by Q1 instead of H1. (Newswires) 

Wizz Air (WIZZ LN) - Q4 (EUR): Revenue 1.18bln (exp. 1.23bln), Op. loss 75.9mln (exp. +10.6mln). Underlying demand remains positive at the start of Q4. Sees increase FY25 ex-fuel CASK to high teens. Cuts FY25 annual net income forecast in range of EUR 250-300mln (prev. guided 350-400mln)  (Newswires) 

ThyssenKrupp (TKA GY) downgraded to Sell from Neutral at Goldman Sachs

30 Jan 2025 - 07:15- ForexEU Research- Source: Newswires