Stock market: stocks to follow in Paris and Europe – 2022-07-27 at 9:00 am


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July 27 (Reuters) – Stocks to watch on Wednesday on the Paris Stock Exchange and across Europe where futures pointed to a moderately higher open:

* LVMH LVMH.PA reported on Tuesday a 28% annual increase in sales in the first half, citing strong increases seen in Europe and the United States since the start of the year that offset a decline in profits. in China linked to health restrictions in the face of COVID-19 in the country.

➦ LVMH sales rose 28% in H1, despite China

*DANONE DANO.PA raised its full-year profit forecast on Wednesday after better-than-expected second-quarter sales, driven by strong demand for baby food and bottled water, although the group raised its merchandise. .

➦ Danone revised its annual profit forecast upwards after a better-than-expected Q2

* ATOS ATOS.PA published first-half results on Wednesday showing “improving commercial momentum” and confirmed its annual objective on Wednesday, stating that it expects a negative cash flow for the year, especially already under the impact of the restructuring plan designed to try to restore investor confidence. .

➦ Atos confirms its 2022 goals

*MICHELIN MICP.PA announced on Tuesday an 18.3% decrease in its net income in the first half, due to the cost of its withdrawal from Russia, but also an increase in its sales value and the profit of its operation in a “tortured” environment. “.

➦ Michelin-Withdrawal from Russia weighs on H1, objectives maintained

*VALUE VLOF.PA – The automotive supplier posted a slightly better-than-expected half-year profit on Tuesday and reiterated its expectations for the full year, citing an expected increase in global car production .

➦ Valeo beats profit forecast, announces ‘improvement’ in chip shortage

* VALLOUREC VLLP.PA posted an increase in turnover to 1.14 billion euros but a net loss group share of 415 million euros in the second quarter, against a net result of 51 million euros in a years ago.

➦ Vallourec posted a group net loss of 415 million euros in Q2

* ELIOR ELIOR.PA published organic revenue growth of 20.3% to 3.42 billion euros in the first nine months of the 2021-2022 financial year and confirmed its annual goal.

➦ Elior confirms his 2021-2022 goals and ambitions for 2024

* WORLD WLN.PA posted half-year sales of 12.6% organic to 2.02 billion euros and confirmed its full-year outlook.

* TF1 TFFP.PA and M6 MMTP.PA will respond within three weeks to the Competition Authority, whose investigation services considered in a report that the proposed merger between the two channels raises “significant competition problems” , the two groups announced on Tuesday. M6 also reported a decrease in consolidated sales in the first half to 664.2 million euros.

➦ M6 posted a consolidated Ebita in H1 of €161.1 million

➦ TF1/M6-The investigation report of the Competition Authority which is not in favor of the merger

* LAGARDERE LAGA.PA announced operating profit for the first half of 107 million euros, against 3 million euros a year earlier, and confirmed its full-year outlook.

➦ Lagardere operating income in H1 up to 107 million euros

* NEXANS NEXS.PA raised its full-year outlook for EBITDA and normalized cash generation after reporting stronger first-half results.

➦ Nexans raises full year EBITDA and cash generation outlook

* KLEPIERRE LOIM.PA raised its net current cash flow per share target to 2.45 euros per share for 2022 on the back of strong half-year results.

➦ H1 total Klépierre-Sales up to €613.8 million

*EURAZEAN EURA.PA published a consolidated group net income of -96.0 million euros against +464.5 million euros a year ago.

➦ Eurazeo announced assets under management of €32.5 billion at the end of June

* DEUTSCHE BANK DBKGn.DE posted a better-than-expected increase in its quarterly profit, thanks to the performance of investment banking activities, but the group is not very optimistic about the prospects of the division for the year in general. an and warned of the economic outlook.

* SWISS CREDIT CSGN.S announced on Wednesday the appointment of Ulrich Körner as CEO to replace Thomas Gottstein and the launch of a comprehensive strategic review.

➦ Credit Suisse has fired its CEO after strong Q2 losses

*BASF BASFn.DE raised its annual profit target as the global chemicals giant continued to pass on rising commodity and energy prices to customers, but warned of the risks of shutting down European production if the Russia’s gas supply continues to decline. It was shown at 2.5% in pre-market trading.

* MERCEDES-BENZ MBGn.DE raised its full-year outlook after posting second-quarter adjusted revenue growth of 8% to 4.9 billion euros.

* The bank UNICREDIT CRDI.MI said on Wednesday it would complete a stock buyback plan on hold while raising its full-year profit forecast after a surprising second-quarter profit surge.

* THE LLOYDS LLOY.L raised its dividend and profit forecast for the year due to rising interest rates and despite weak first-half results and a bleak outlook for the UK economy.

* RIO TINTO RIO.L reported a 29% drop in first-half earnings on Wednesday, due to lower iron ore prices and demand in China, rising costs and job shortages. .

*GSK GSK.L raised its full-year forecast on an increase in demand for its main shingles vaccine Shingrix.

*ADIDAS ADSGn.DE lowered its annual profit target on Tuesday, citing a slower-than-expected recovery in China from pandemic-related restrictions. The title lost 1.3% before the market.

➦ Adidas lowers annual profit target, slow recovery in China

*PUMA PUMG.DE reported higher-than-expected profits for the second quarter and raised its revenue forecast for 2022.

* The German stock exchange operator DEUTSCHE BÖRSE DB1Gn.DE said on Tuesday it posted a 10% rise in net profit in the second quarter, beating expectations and buoyed by financial market volatility.

* RECKIT BENCKISER raised its full-year revenue forecast and posted quarterly sales that beat expectations after raising prices to offset rising costs.

* BRITISH AMERICAN TOBACCO BATS.L reported lower first-half earnings on Wednesday, due to a 957 million pound (1.14 billion euro) impairment charge related to the transfer of operations to Russia.

*HOLCIM posted quarterly revenue and profit above expectations and raised its sales outlook for the full year. The cement manufacturer’s title needs 2% more than the stock market.

* EQUINER raised its extraordinary dividend and boosted its share buyback in 2022 after second-quarter earnings beat expectations, thanks to rising energy prices in the Ukraine war.

*LUFTHANSA LHAG.DE – The company’s ground staff went on strike on Wednesday, leading to the cancellation of more than 1,000 flights.

*QIAGEN on Tuesday raised full-year guidance after non-COVID-19 businesses posted better-than-expected second-quarter results.

* WIZZ AIR posted a first-quarter operating loss of 285 million euros, compared to 109 million euros last year, due to increased costs.

*KPN KPN.AS – The Dutch telecoms group raised its profit and cash flow forecast for the full year on Wednesday, citing a strong performance in the first half.

* SAIPEM SPMI.MI confirmed its guidance for 2022 after announcing adjusted core income of 321 million euros in the first half.

* ALBIOMA ABIO.PA reported first half revenue of up to 328.3 million euros and confirmed targets for 2022.

* SPIE SPIE.PA announced the signing of an agreement for the refinancing of a syndicated loan of 1.2 million euros, indexed to sustainable development criteria. [Le communiqué: https://bit.ly/3OvwmyU ]

*AXA AXAF.PA – JP Morgan raised its recommendation to “overweight” against “neutral”.

(Laetitia Volga, editing by Kate Entringer)

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