Additional European Equity Opening News

Aixtron (AIX GY) – Q3 (EUR): Revenue 156mln (exp. 163mln), Order Intake 143mln, EBIT 37mln (exp. 41mln). FY24 guidance confirmed. (Newswires)

Andritz (ANDR AV) – Q3 (EUR): Revenue 2.04bln (prev. 2.1bln), Net 118mln (prev. 124mln), EBITA 174mln (prev. 176mln). Does not expect a quick market recovery, though activity has picked up in several markets. FY24 Guidance: Revenue outlook “slightly decreasing” (prev. guided “stable”). (Newswires)

BHP (BHP AT) – Co. response to media speculation re. AGM comments on Anglo American (AAL LN): clarifies remarks were not to be treated as a statement of intention not to make an offer. (Newswires)

Carlsberg (CARLB DC) – Q3 Update (DKK): Revenue 20.5bln, +0.9%; Beer sales volume 28.7mln/HL. Lower volumes in China, France & UK impacted overall group performance. Tough quarter, weather and consumer environment impacted. Earnings expectations maintained. (Newswires)

Danske Bank (DANSKE DC) – Q3 (DKK): NII 9.17bln (exp. 9.21bln), Net 6.2bln (exp. 5.6bln). Raises FY24 Net outlook: 22.5-23.5bln (prev. guided 21-23bln), affirms other targets. (Newswires)

Fingerprint Cards (FINGB SS) – Q3 (SEK): Revenue 102mln (prev. 1084mln), EBITDA -50mln (prev. -40mln), PBT -315mln (prev. -73mln). (Newswires)

Haleon (HLN LN) - Q3 Trading update: Adj. Op profit 639mln (exp. 668mln), Revenue 2.78bln (exp. 2.78bln (exp. 2.84bln). Affirms guidance. (Newswires) 

Maersk (MAERSKB DC) - Q3 (USD): Revenue 15.7bln (exp. 14.78bln), PBT 3.25bln (exp. 2.3bln), EBIT 3.3bln (exp. 2.99bln), EBITDA 4.8bln (exp. 4.4bln), EPS 193 (ex. 178). FY24 Guidance (raised): EBITDA 11.0-11.5bln (exp. 10.5bln, prev. guided 9-11bln); EBIT 5.2-5.7bln (exp. 4.8bln, prev. guided 3.0-5.0bln); FCF >3bln (prev. guided >2bln); Global container market growth outlook has revised to c. 6% (prev. guided 4-6%); re-routing south of the Cape of Good Hope remained a significant factor, impacting on bunker consumption and operating costs. (Maersk)

MTU Aero (MTX GY) – CEO to leave in 2025. (Newswires) -2.5% in pre-market trade

Ocado (OCDO LN) - Confirms Adam Warby as Chairman. (Newswires) 

Panasonic (6752 JT) – H1 (JPY): Revenue 4.25tln (prev. 4.1tln), Net 188mln (prev. 288mln). Confirms FY guidance. (Newswires)

Prysmian (PRY IM) - 9M (EUR): Adj. EBITDA 1.4bln (exp. 1.4bln), Sales 4.54bln (exp. 4.57bln). (Newswires) 

Roche (ROG SW) – Presents data showing increasing momentum in Alzheimer disease diagnostics. (Newswires)

Repsol (REP SM) - Q3 (EUR): EBITDA 1.42bln (exp. 1.73bln); interim dividend to be paid in Jan of EUR 0.475/shr. (Newswires)

Sainsbury's (SBRY LN) - Sale of Argos financial services cards portfolio; price exp. to be around GBP 720mln. (Newswires) 

Shell (SHEL LN) Q3 (USD): Adj. Profit 6.03bln (exp. 5.39bln), Adj. EBITDA 16bln (exp. 15.40bln); plans a share buyback program of USD 3.5bln; Cuts FY24 Capex "less than" 22bln (prev. guided 22-25bln)  Guides Q4:    Integrated gas production 900-960K boped.  Marketing sales volume 2.55-3.05mln boepd.  Guides Q4 refinery utilisation 75-83%.

Spectris (SXS LN) - Q3 Trading Update (GBP): Revenue 303mln, LFL -10% Y/Y. (Newswires)  

Stellantis (STLAM IM/STLAP FP) Q3 (EUR) Revenue 33bln (exp. 33.1bln); notes it is clear the Chinese rivals are coming into Europe and taking a "very aggressive stance"; affirms guidance

Smith & Nephew (SN/ LN) - Q3 (USD): Revenue 1.41bln (prev. 1.36bln). Cuts FY underlying rev. 4.5% Y/Y (prev. guided +5-6% Y/Y). (Newswires) 

Stabilus (STM GY) – FY (EUR): Revenue 1.3bln (exp. 1.3bln), adj. EBIT 157mln (exp. 148mln). (Newswires)

Scout24 (G24 GY) – Q3 (EUR): Revenue 144mln (prev. 133mln), EBITDA 91mln (prev. 78mln). (Newswires)

Swisscom (SCMN SW) – Q3 (CHF): Reveneu 2.7bln (exp. 2.75bln), Net 447mln (exp. 428mln). Confirms FY guidance. (Newswires)

TotalEnergies (TTE FP) Q3 (USD): Adj. Net Income 4.07bln (exp. 4.27bln), Adj. EBITDA 10bln (exp. 10.06bln); confirms investment guidance for 2024; interim dividend of EUR 0.79/shr for FY, +7% Y/Y; to execute a USD 2bln share buyback in Q4

Burberry (BRBY LN) upgraded to Buy from Hold at HSBC

31 Oct 2024 - 07:10- EquitiesResearch Sheet- Source: Newswires