Additional European Equity News

Accor (AC FP) - H1 2025 (EUR): Revenue 2.75bln, RevPAR 4.1% (exp. 4.7%), EBITDA 522mln (exp. 544mln). 2025 guidance: launching 2nd tranche of the buyback, EBITDA growth of around 9-10%. Confirms 2026 and 2026 guidance. (Newswires)

Asos (ASC LN) - Appoints Natasja as Chair. (Newswires) 

ADP (ADP FP) – H1 (EUR): Revenue 3.16bln (exp. 3.17bln). 2025 targets confirmed. Adjustment to dividend policy; payout ratio unchanged. Introduction of floor to EUR 3/shr. (Newswires)

Air France (AF FP) – Q2 (EUR): Op. Income 736mln (exp. 671mln), Revenue 8.44bln (exp. 8.52bln). Outlook 2025 confirmed. (Newswires)

Aixtron (AIXA GY) – Q2 (EUR): Revenue 137.4mln. Confirms outlook. (Newswires)

Airlines - Departures at all UK airports resume after technical issue,. (Sky News)

Andritz (ANDR AV) – Q2 (EUR): Revenue 1.89bln (exp. 1.95bln). Confirms outlook. (Newswires)

Arcelormittal (MT NA) - Expects USD 150mln Quarterly hit from US tariffs on EBITDA (prev. exp. 100mln)

Bouygues (EN FP) - H1 2025 (EUR): Revenue 26.87bln (exp. 27.04bln). Current Operating Profit from activities 796mln (exp. 791mln). Co. is targeting a slight increase in sales for 2025. (Newswires)

Ceceonomy (CEC GY) – Jingdong announces takeover offer for the Co.; consideration of EUR 4.60/shr. (Newswires)

Drax (DRX LN) - H1 2025 (GBP): adj. EBITDA 460mln (prev. 515mln), Net Debt 1.06bln (prev. 1.15bln), adj. EPS 0.656 (prev. 0.656), Dividend 0.116/shr (prev. 0.104/shr). Expects FY dividend 0.29/shr (prev. 0.26/shr). Buyback is ongoing. (Drax)

DSV (DSV DC) - Q2 2025 (DKK) Revenue 61.9bln (63.7bln), EBIT 4.73bln (exp. 4.85bln), Profit 2.35bln (exp. 2.55bln), Gross Profit 17.2bln (exp. 16.95bln). FY25 adj. EBIT guidance maintained. "Market development remains highly uncertain due to the current situation related to trade tariffs and macroeconomic outlook.". (DSV)

Edp SA (EDP PL) - H1 2025 (EUR): Net 709mln (prev. 762mln), EBIT 1.6bln (prev. 1.83bln), EBITDA 2.58bln (prev. 2.69bln), Gross Profit 3.65bln (prev. 3.55bln). (EDP)

Elis (ELIS FP) – H1 (EUR): Adj. EBIT 353.6mln. Confirms all targets. (Newswires)

Entain (ENT LN) – Successful repricing and extension of term loans; repricing of USD 1.1bln loan with margin reduced by 35bps. (Newswires)

Euronext (ENX FP) - Submitted an offer to purchase Athex shares, values the name at EUR 425mln. (Newswires)

Haleon (HLN LN) - H1 (GBP): Q2 Organic revenue growth +3.0%, Dividend 0.02/shr; FY organic revenue growth seen around 3.5%, consumer environment in North America likely to remain subdued, sees FY high-single-digit organic op. profit growth 

Heidelberger Druckmaschinen (HDD GY) - Q1 2025 (EUR): Sales 466mln (prev. 403mln), adj. EBITDA 20mln (prev. -9mln), EBITDA Margin 4.4% (prev. -2.3%). Confirms FY Guidance. (Newswires)

Iveco (IVG IM) – Q2 (Eur): Adj. EBIT 187mln (exp. 179mln), Revenue 3.7bln (exp. 3.48bln). Sees 2025 Adj. eBIT between 880-980mln. (Newswires)

Leonardo (LDO IM) / Iveco (IVG IM) – Leonardo to Buy Iveco’s Defense unit for EUR 1.7bln. (Newswires)

Legrand (LR FP) - H1 2025 (EUR): Sales 4.77bln (exp. 4.66bln), adj. Operating Profit 1.0bln (prev. 0.87bln), Net 628mln (prev. 577mln). Confirms 2025 guidance. (Legrand)

LSE (LSEG LN) - H1 2025 (GBP): Total Income 4.49bln (prev. 4.2bln), EBITDA 2.155bln (prev. 1.95bln), PBT 991mln (prev. 693mln), Operating Profit 1.06bln (prev. 0.8bln), EPS 1.227 (prev. 0.647), dividend 0.47/shr (prev. 0.41/shr). Intend to execute a further GBP 1bln of buybacks in the coming months. CEO "The first half was marked by a consistent cadence of new product launches, which we expect to continue in H2.". (LSEG)

Melia (MEL SM) – H1 (EUR): EBITDA 248mln. Forecast for 2025 unchanged. (Newswires)

MFE (MFE IM) - Co. has entered share agreement on July 30th to acquire 2.97% of Prosiebensat (PSM GY) (Newswires)

Next (NXT LN) - Q2 2025 Update: Total Sales +10.5%, Total Product Full Price Sales +11.1%, UK Total +7.8%, UK Online +9.5%. H2 Guidance: Total Sales +4.5%, Total Product Sales +4.8% (Next)

Tenaris (TEN IM) – Q2 (USD): Net Sales 3.08bln (exp. 2.99bln). Notes for H2 sales will show a moderate decline vs H1. Margins will also be impacted due to tariffs. (Newswires)

Outokumpu (OUT1V FH) - Q2 2025 (EUR): Sales 1.49bln (exp. 1.57bln), adj. EBITDA 75mln (exp. 69mln), Net -19mln, adj. EBIT 21mln (exp. 11mln). Q3 Guidance: adj. EBITDA seen lower Q/Q, stainless steel deliveries expected to decrease 5-15% Q/Q. (Newswires)

Rentokil (RTO LN) - H1 (USD): Rev. 3.363bln, adj. pretax 418mln, adj. EBITDA 686mln, adj. Op. profit 511mln (-4.5% H/H), dividend 0.04/shr; confirms outlook. (Newswires)

Rolls-Royce (RR/ LN) - H1 2025 (GBP): Revenue 9.05bln (exp. 8.82bln), Operating Profit 1.83bln (prev. 1.15bln), Operating Margin 19.1% (prev. 14.0%), PBT 1.69bln (exp. 1.04bln). Expects to fully offset impact of announced tariffs through mitigation action (Newswires)

Mondi (MNDI LN) – H1 (EUR): Revenue 3.90bln. Ongoing geopolitical and macro uncertainties look set to continue into H2. (Newswires)

Prosiebensat 1 Media (PSM GY) – Q2 (EUR): Revenue 840mln (prev. 907mln Y/Y), Adj. net Income 14mln (prev. 25mln Y/Y). Confirms outlook. Adj. EBITDA to be below midpoint of range. (Newswires)

Puma (PUM GY) - Revenue 1.94bln (prev. 2.12bln Y/Y). Affirms guidance. (Newswires) 

Segro (SGRO LN) - H1 (GPB): Pretax Profit 264mln (prev. 235mln Y/Y). (Newswires) 

Schroders (SDR LN) – AuM 776.6bln as of Jun 30. (Newswires)

Shell (SHEL LN) - Q2 2025 (USD): Adj. Profit 4.26bln (exp. 3.74bln). Adj. EPS 0.72 (exp. 0.85). Adj. EBITDA 13.313bln (prev. 15.25bln Q/Q). Dividend 0.3580 (prev. 0.3580). Announces a USD 3.5bln share buyback. Cash flow from operations 11.93bln (prev. 9.28bln). Co. achieved USD 0.8bln of structural cost reductions in the first half of 2025. (Newswires) 

Technip Energies (TE FP) - Q2 2025 (EUR): Adj. Revenue 1.79bln (Co. exp. 1.83bln). Adj. Recurring EBIT 125.7mln (Co. exp. 132mln). Adj. Net Profit 91.5mln (Co. exp. 111mln). Raises Tech, Products & Services EBIT margin to 14-14.5% (prev. view 13.5%). (Newswires)

St James’s Place (STJ LN) - H1 (GBP): adj. EPS 0.445, net 279.5mln, AuM 198.5mln, dividend 0.06/shr; announces additional 63mln share buyback 

Unilever (ULVR LN) - H1 2025 (EUR): 30.1bln (exp. 30.9bln). Q2: Revenue 15.4bln (exp. 15.73bln). Guidance: expect underlying sales growth to be within our range of 3% to 5%, with second half growth ahead of the first half despite subdued market conditions.

Veolia (VIE FP) - H1 2025 (EUR): Revenue 22.05bln (prev. 22.14bln), EBITDA 3.36bln (prev. 3.26bln), EBITDA Margin 15.3% (prev. 14.8%). 2025 guidance confirmed. (Veolia)

Verbund (VER AV) – H1 (EUR): Revenue 4.03bln, EBIT 1.11bln. (Newswires)

Weir Group (WEIR LN) - H1 2025 (GBP): Revenue 1.19bln (prev. 1.2bln), adj. Operating Profit 237mln (prev. 215mln), adj. Operating Margin 19.8% (prev. 17.8%), adj. PBT 213mln (prev. 193mln). FY guidance reiterated. (Weir)

URW (URW NA) – H1 (EUR): EBITDA 1.18bln, -1.1% Y/Y. 2025 AREPS exp. to be at upper end of EUR 9.30-9.50 guidance range. (Newswires)

31 Jul 2025 - 07:25- EquitiesEU Research- Source: Newsquawk