Additional European Equity Opening News

AstraZeneca (AZN LN) - Enhertu approved in the EU as the first HER2-directed therapy for patients with HER2-low metastatic breast cancer. (AstraZeneca )

Diageo (DGE LN) - H1 (GBP): Organic net sales +9.4% (exp. 8.2%). Revenue 9.42bln (prev. 7.96bln Y/Y) Adj. operating profit 3.16bln (prev. 2.74bln). Co. affirms its FY23-25 guidance on organic revenue and operating profit. Increases interim dividend by 5%. (Newswires)

DIA (DIA SM) - FY22 revenue +9% Y/Y, Q4 LFL sales +7.3% Y/Y. (Newswires)

Fevertree (FEVR LN) – FY22 Prelim. Update (GBP): Revenue 344mln (exp. 358mln). FY23 Revenue guidance 390-405mln (exp. 396mln), EBITDA guidance 36-42mln (exp. 46mln). For FY23 inflationary cost pressures remain, double-digit % increases across key input costs. (Newswires)

Foxtons (FOXT LN) – end-2022 Update: Revenue and adj. Operating Profit is expected to be ahead of consensus, strong balance sheet maintained. Operational review is nearing a conclusion. (Newswires)

Fingerprint Cards (FINGB SS) - Q4 2022 (SEK): Revenue 190.3mln (exp. 414mln). EBIT -527.3mln (exp. 33mln). (Newswires)

GAM (GAM SW) – Bantleon has reduced its stake in GAM holdings, according to reports. (Newswires)

TP ICAP (TCAP LN) – Q3 Update (USD): Fundraising of 2.8bln, deployed 4.1bln. 9-month: Fundraising 8.5bln, AUM 75bln, 3rd Party AUM 71.4bln, fee-earning AUM 60.9bln as of end-December 2022. (Newswires)

IDS (IDS LN) - Q9M revenue -12.8% Y/Y, Total parcel revenue -17.8%, letter revenue -6.1%. Amid the ongoing strikes, Co. now expects negative in-year trading cashflow and will require support from proceeds of asset disposals. (Newswires) 

IG Group (IGG LN) - H1 (GBP): Revenue 519.1mln (prev. 471.5mln Y/Y). 49.7mln (prev. 50.6mln Y/Y). (Newswires)

Just Group (JUST LN) - FY22 trading update: DB revenue +33% Y/Y to GBP 2.6bln. Retirement income sales +17%. (Newswires) 

NovoZymes (NZYMB DC) - Q4 (DKK): Sales 4.5bln (exp. 4.5bln) EBIT 1bln (exp. 1.13bln), Net Income 0.87bln (exp. 0.75bln), EPS 3.18 (exp. 2.71). Delivers historically strong FY results. (Newswires)

Playtech (PTEC LN) - Issued FY22 trading update: Adj. EBITDA greater than 400mln, +26% Y/Y. Co. says it continues to perform strongly. (Newswires)

Provident Financial (PFG LN) – Q4 Update: Appoints McLaughlin as CEO. Decided to change name to Vanquis Banking Group. Continued to trade in-line with management and market expectations for Q4. (Newswires)

SGS (SGS SW) – FY22 (CHF): Revenue 6.64bln (exp. 6.73bn). Adj. EBIT 1.02bln (exp. 1.04bln). Adj. EBIDA 1.49bln (exp. 1.52bln). Adj. operating margin 15.4% (prev. 16.5%). (Newswires)

Sartorius (SRT GY) – FY (EUR): Revenue 4.17bln (exp. 4.15bln), Net Income 655mln (exp. 543mln), EBITDA 1.4bln (exp. 1.41bln), Orders 4bln. 2025 outlook confirmed in terms of content, turnover target increased to circa. 5.5bln due to inflation adj. (Newswires)

St James' Place (STJ LN) - Co. said gross inflows amounted to GBP 17.03bln, FY inflows GBP 9.78bln. Advisers attracted GBP 3.87bln of new clients in the last quater. (Newswires)

Tate & Lyle (TATE LN) – Q3 consistent with H1, FY outlook unchanged. Successfully renewed 2023 calendar year customer contracts to recovery higher input costs. (Newswires)

Telia (TELIA SS) - 2022 (SEK): Revenue 24.3bln(prev. 23.4bln Y/Y). Net -18.8bln (prev. +1.2bln). Adj. EBITDA 7.37bln (prev. 7.29bln). CEO sees around 1.5k job cuts this year. (Newswires)

Telecom Italia (TIT IM) - Italian govt is to meet with Vivendi (VIV FP) and CDP today after recent talks failed to reach a deal, according to Reuters sources. (Newswires) 

Wizz Air (WIZZ LN) - Q3 Net (EUR): Revenue 911.7mln (exp. 904.6mln). EBTIDA -2.8mln (exp. +23mln). Net 38.2mln (exp. -29.4mln). Passegners 12.4mln (exp. 12.9mln). (Newswires)

SEB (SEBA SS) – Co. is to launch a SEK 1.3bln share buyback. (Newswires)

Boohoo (BOO LN) downgraded to Underperform from Sector Perform at RBC

Ocado (OCDO LN) downgraded to Underperform from Sector Perform at RBC

Schaeffler (SHA GY) downgraded to Hold from Buy at Berenberg

26 Jan 2023 - 07:05- Research Sheet- Source: Newsquawk