Additional European Equity News

Aena (AENA SM) - 9-month (EUR): Net Income 1.45bln, EBITDA 2.6bln, Net Debt 5.7bln, PBT 1.9bln. (Newswires)

Aston Martin (AML LN) Q3 (GBP): Adj. EBITDA 50.7mln (prev. 50.5mln Y/Y). Remains focused on achieving its prev. communicated targets for FY25. Continues with H2'24 production ramp up following new model launches. (Newswires) 

BAE Systems (BA/ LN) - A significant fire remains ongoing at the Co's Barrow-in-Furness; no nuclear risk. (Newswires)  

Campari (CPR IM) - 9-month (EUR): Sales 2.27bln, +2.1%; adj. EBIT 499mln, -4.2%. (Campari)

Ferrovial (FER SM) - 9-month (EUR): Revenue 6.6bln, +6.2%; adj. EBITDA 1bln, +50% Y/Y. (Newswires)

French Firms - Competition authority has fined Schneider Electric (SU FP), Legrand (LR FP) and Rexel (RXL FP) for price fixing. (Newswires)

Glencore (GLEN LN) - Q3 Production Report: maintains FY24 production guidance; Q3 own sourced copper produced -2% Y/Y  YTD copper production 705.2Kt (prev. 735.8Kt Y/Y). (Newswires) 

Kion Group (KGX GY) - Q3 (EUR): Revenue 2.7bln (exp. 2.74bln), adj. EBIT 219mln (exp. 204mln), FCF 229mln. (Newswires)

IDS (IDS LN) - Couriers at the Co's eCourier unit have voted to commence strike action, demanding to be seen as employees rather than as contractors. (FT)

Leonardo (LDO IM)/Rheinmetall (RHY GY) – Italian government intends to spend EUR 8.2bln on modern tanks, via Reuters citing sources. (Newswires)

Naturgy (NTG SM) - Confirms EBITDA and Net Income guidance. To distribute EUR 0.50/shr interim dividend in November. (Newswires)

Next (NXT LN) - Q3 Trading Update: Increasing guidance for Q4 full price sales growth by 1-3.5%. Notes strong performance was driven by the early arrival of colder weather this year. Sees FY pretax profit 1.01bln (prev guided. 995mln), FY Price sales +4.9% (prev. guided +4%). (Newswires) 

Orsted (ORSTED DC) - Co. has divested its share of four UK offshore wind farms to Brookfield for an approximate value of GBP 1.754bln. (Newswires)

Outokumpu (OUT1V FH) – Q3 (EUR): Sales 1.51bln (exp. 1.57bln), adj. EBITDA 86mln (exp. 71mln), EBIT 32mln (exp. 15mln). Q4 deliveries to decrease, deteriorating markets for Europe and Americas. Long-term view on the US market remains highly positive. Imports into Europe and N. America continue to increase, pressuring stainless steel prices. (Newswires)

Puig (PUIG SM) – Q3 (EUR): Revenue 1.26bln. +11%. Confident in attaining medium-term guidance. (Newswires)

Sweco (SWECB SS) - Q3 (SEK): Revenue 6.8bln (exp. 6.87bln), EBITA 588mln (exp. 566mln). (Newswires)

Wolters Kluwer (WKL NA) - 9m (EUR): Revenue +6% Y/Y; affirms guidance. (Newswires)

Burberry (BRBY LN) upgraded to Outperform from Market Perform at Bernstein 

30 Oct 2024 - 07:10- EquitiesResearch Sheet- Source: Newsquawk