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Jul 27 (Reuters) – Stocks to follow on Wednesday at the Paris Stock Exchange and across Europe, where futures are pointing to a moderately higher open:
*LVMH LVMH.PA on Tuesday reported a 28% annualized sales increase in the first half, citing strong year-to-date gains in Europe and the United States that offset the drop in income in China related to health restrictions in the face of COVID-19 Country.
➦ LVMH H1 sales up 28% despite China
*DANONE DANO.PA on Wednesday raised its full-year sales guidance after better-than-expected second-quarter sales, which were driven by strong demand for baby formula and bottled water, although the group raised its selling price amid cost inflation.
➦ Danone upgrades its annual sales forecast after a better than expected Q2
*ATOS ATOS.PA on Wednesday released first-half results reflecting “improving business momentum” and on Wednesday confirmed its full-year targets, indicating that it expects negative cash flow for the year, particularly due to the transformation plan undertaken to to restore investor confidence.
➦ Atos confirms its targets for 2022
*MICHELIN MICP.PA on Tuesday announced an 18.3% fall in its net income for the first half, driven by the cost of its exit from Russia but also a rise in its top line and operating profit in a still “tormented” environment. “.
➦ Michelin withdrawal from Russia weighs on H1, targets maintained
*VALEO VLOF.PA – The auto parts maker released slightly better-than-expected half-year earnings on Tuesday and reiterated full-year expectations, citing an expected increase in global auto production.
➦ Valeo beats earnings forecast, signals ‘improving’ chip shortage
* VALOUREC VLLP.PA reported second quarter revenue up to 1.14 billion euros but a consolidated loss contribution of 415 million euros versus a net result of 51 million euros a year earlier.
➦ Vallourec reports a consolidated loss of 415 million euros in Q2
* ELIOR ELIOR.PA reported organic revenue growth of 20.3% to EUR 3.42 billion in the first nine months of the 2021-2022 financial year and confirmed its annual targets.
➦ Elior confirms its 2021-2022 targets and 2024 ambitions
* WORLDLINE WLN.PA reported half-year sales that grew organically by 12.6% to €2.02 billion and confirmed its full-year outlook.
*TF1 TFFP.PA and M6 MMTP.PA will respond within three weeks to the competition authority, whose investigative services considered in a report that the proposed merger between the two broadcasters raises “significant competition issues,” the two groups said on Tuesday. M6 also recorded a decline in consolidated sales to EUR 664.2 million in the first half of the year.
➦ M6 shows a decline in consolidated EBITA to €161.1m in H1
➦ TF1/M6-The investigation report of the competition authority speaks against the merger
* LAGARDERE LAGA.PA announced an operating profit of 107 million euros for the first half compared to 3 million euros last year and confirmed its outlook for the full year.
➦ Lagardere’s operating profit increased to 107 million euros in the first half of the year
* NEXANS NEXS.PA has raised its full year outlook for EBITDA and normalized cash generation after reporting higher first half results.
➦ Nexans raises its guidance for full-year EBITDA and cash generation
*CLEPIERRE LOIM.PA has raised its target for 2022 net cash flow per share to €2.45 per share based on strong half-year results.
➦ H1 total Klépierre turnover increased to 613.8 million euros
*EURAZEO EURA.PA published a consolidated net profit group share of -96.0 million euros compared to +464.5 million euros in the previous year.
➦ Eurazeo announces assets under management of EUR 32.5 billion for the end of June
* GERMAN BANK DBKGn.DE posted a better-than-expected increase in quarterly profit thanks to the development of investment banking, but the group was less optimistic about the division’s full-year prospects and warned about the economic outlook.
* SWISS CREDIT CSGN.S announced on Wednesday the appointment of Ulrich Körner as CEO to succeed Thomas Gottstein and the start of a comprehensive strategic review.
➦ Credit Suisse gets its CEO after a sharp loss in the second quarter
*BASF BASFn.DE has raised its full-year sales target as the global chemicals giant continues to pass on rising commodity and energy prices to its customers, but warned of risks of production shutdowns in Europe if Russian gas supplies fall further. A plus of 2.5% is reported in premarket trading.
* MERCEDES BENZ MBGn.DE raised its full-year outlook after reporting adjusted earnings growth of 8% to €4.9 billion in the second quarter.
* The Bank UNICREDIT CRDI.MI on Wednesday said it would complete a stalled share buyback plan while raising its full-year earnings guidance after a surprise second-quarter earnings surge.
* LLOYDS LLOY.L raised its dividend and earnings guidance for the year on rising interest rates and despite weaker first-half results and a gloomy outlook for the UK economy.
* RIO TINTO RIO.L on Wednesday reported a 29% fall in first-half profit on lower iron ore prices and demand in China, rising costs and labor shortages.
*GSK GSK.L has raised its full-year guidance due to an increase in demand for its flagship shingles vaccine, Shingrix.
*ADIDAS ADSGn.DE cut its annual profit target on Tuesday, citing a slower-than-expected recovery in China from pandemic-related restrictions. The stock lost 1.3% premarket.
➦ Adidas lowers full-year profit target, slow recovery in China
*PUMA PUMG.DE reported higher-than-expected earnings for the second quarter and raised its sales guidance for 2022.
* The German exchange operator GERMAN STOCK EXCHANGE DB1Gn.DE announced on Tuesday that second-quarter net income rose 10%, beating expectations and being buoyed by volatility in financial markets.
*RECKITT BENCKISER raised its full-year sales guidance and posted quarterly sales ahead of expectations after raising prices to offset rising costs.
* BRITISH AMERICAN TOBACCO BATS.L on Wednesday reported lower first-half profit on a £957 million impairment related to the transfer of its Russian operations.
*HOLCIM released better-than-expected quarterly sales and earnings and raised full-year sales guidance. The cement manufacturer’s stock is 2% ahead of the stock market.
* EQUINER increased its extraordinary dividend and increased the amount of its share buybacks in 2022 after second-quarter earnings beat expectations thanks to rising energy prices due to the war in Ukraine.
*LUFTHANSA LHAG.DE – The company’s ground staff went on strike early Wednesday, resulting in the cancellation of more than 1,000 flights.
*QIAGEN raised its full-year guidance on Tuesday after its non-COVID-19 businesses posted better-than-expected second-quarter results.
* WIZZ AIR posted an operating loss of 285 million euros in the first quarter, compared to 109 million euros a year earlier, due to rising costs.
*KPN KPN.AS – The Dutch telecoms giant on Wednesday raised its full-year earnings and cash flow forecast, citing a strong performance in the first half.
* SAIPEM SPMI.MI confirmed its 2022 guidance after reporting H1 adjusted core earnings of €321 million.
* ALBIOME ABIO.PA reported H1 sales of EUR 328.3 million and confirmed its targets for 2022.
* GAME SPIE.PA announced the signing of an agreement to refinance its €1.2 million syndicated loan indexed to sustainable development criteria. [Le communiqué: https://bit.ly/3OvwmyU ]
*AXA AXAF.PA – JP Morgan upgrades its rating to Overweight versus Neutral.
(Laetitia Volga, edited by Kate Entringer)