Additional European Equity News

Carlsberg (CARLB DC) - Q3 trading update: Revenue 24.14bln Volume growth +16.2%, organic volume development -3.0% (exp. -2.76%); volumes were very down in Asia, Central and Eastern Europe and India, while there was some slight growth in Western Europe. Earnings expectations maintained. (Carlsberg)

Drax (DRX LN) - Co. to buy 260MW 2-hour Bess portfolio for GBP 157.2mln in staged payments. (Drax)

Haleon (HLN LN) - Q3 Trading Update: Revenue 2.79bln, +3.4% Y/Y. Reiterating FY 2025 guidance. (Newswires) 

Prysmian (PRY IM) - CEO says they never stop looking at new M&A targets, still opportunities for them in the US, Europe and Latam; however, large ones only for 2026. (Newswires)

Puma (PUM GY) - Q3 (EUR): Sales 1.956bln (exp. 1.82bln), EBIT 29.4mln (exp. 12.5mln). Sales in the Asia/Pacific region -9% at EUR 367mln, reflecting a significant decline in Greater China’s wholesale business due to executed reset actions. Cost efficiency programme expanded: targeted reduction of additional around 900 white-collar roles globally by the end of 2026. FY outlook confirmed. (EQS) 

Sandoz (SDZ SW) - 9M (USD): Revenue 8.06bln (prev. 7.64bln Y/Y), raises FY25 core EBITDA margin to 21-22% (prev. guided around 21%). (Sandoz)

Stellantis (STLAM IM/STLAP FP) - Q3 (EUR) Revenue 37.2bln (exp. 36.4bln); Consolidated shipments 1.3mln units, +13% Y/Y; reaffirms H2'25 guidance. Estimates net tariff expense of approx. EUR 1bln.  Revenue growth primarily driven by growth in North America, Enlarged Europe and Middle East & Africa, while South America saw a moderate decrease. Global sales increased by 4% year-over-year, driven by growth across Middle East & Africa, North America, and Enlarged Europe regions.  (Stellantis) 

Shell (SHEL LN) - Q3 (USD): EPS 0.93 (exp. 0.839), Adj. Profit 5.43bln (exp. 4.74bln), Revenue 68.15bln (exp. 73.5bln), Adj. EBITDA 14.77bln (prev. 16.05bln Y/Y); announces share buyback programme of USD 3.5bln. Income attributable to Shell plc shareholders, compared with the first nine months 2024, reflected lower realised liquids and LNG prices, lower trading and optimisation margins, and lower chemicals and refining margins, partly offset by favourable tax movements and lower operating expenses. (Shell) 

Siemens (SIE GY) - Co. to deepen partnership with Capgemini to co-develop AI-native digital solutions for product engineering, manufacturing and operations. (Capgemini)  

Spectris (SXS LN) - Q3 Trading Update: Revenue LFL +4% Y/Y. (Newswires) 

TotalEnergies (TTE FP) - Q3 (USD): adj. Net Income 3.98bln (exp. 3.96bln), Cash Flow 7.1bln (prev. 6.6bln), adj. EBITDA 10.3bln (prev. 9.7bln). Confirms an interim dividend of EUR 0.85/shr, +7.6% Y/Y. Board has approved previously announced buybacks and the termination of the ADR programme. Anticipates net investments for the FY will be in the USD 17-17.5bln guided range. (Total) 

Vodafone (VOD LN) - Acquries Skaylink primarily from funds managed by Waterland for EUR 175mln. (Newswires) 

WPP (WPP LN) - Q3 Trading Update: Revenue 2.46bln (exp. 2.47bln), LFL -5.9% Y/Y (exp. -5.7% Y/Y); cut outlook. Sees LFL Growth -5.5% to -6% (prev. guided -3 to -5%). Wanted to build caution into the guidance, seeing heightened volatility in client expenditure; the turnaround of WPP Media is crucial. (WPP)

UniCredit (UCG IM) - Co. raises its position in Alpha Bank to about 29.5%. (Newswires) 

Airbus (AIR FP) downgraded to Hold from Buy at Kepler Cheuvreux. 

Kering (KER FP) downgraded to Underperform from Market Perform at SocGen.    

Neste (NESTE FH) downgraded to Neutral from Outperform at BNP Paribas.  

30 Oct 2025 - 07:10- ForexEU Research- Source: Newsquawk