PARIS, Aug 11 (Reuters) – The stocks to watch on the Paris Stock Exchange and in Europe on Thursday:
* VALNEVA VLS.PA announced on Thursday that it had lowered its full-year sales forecast from €430-590 million to €340-360 million due to the drop in orders for its vaccine against COVID-19.
➦ Valneva adjusted EBITDA loss rises to €136 million in H1
* CASINO CASP.PA – GPA PCAR3.SA, the group’s Brazilian subsidiary, announced on Wednesday that it has initiated preliminary studies on the possibility of a spin-off from its Colombian subsidiary, Exito IMI.CN.
* SIEMENS SIEGn.DE on Thursday reported better-than-expected quarterly revenue but also its first quarterly net loss in nearly 12 years, a consequence of the write-down of its stake in SIEMENS ENERGY ENR1n.DE, which caused annual earnings forecast per share to fall.
➦ Siemens falls into the red in Q3 due to an impairment
* DEUTSCHE TELEKOM DTEGn.DE has for the second time raised its earnings forecast for the full year after gross operating profit after rent (Ebitdaal) in the second quarter was slightly above expectations, also thanks to the solid development of the American subsidiary T-Mobile TMUS. O.
* CREDIT SUISSE CSGN.S – The Swiss bank’s first shareholder, Harris Associates, said Wednesday night that it held more than 10% of the capital at the end of July, up from around 5.2% previously, according to the group’s website.
* THYSSENKRUPP TKAG.DE announced that it had almost tripled its operating result (EBIT) in the third quarter of its fiscal year to EUR 721 million thanks to higher steel prices.
➦ Thyssenkrupp-Q3 operating result almost tripled
* SALZGITTER SZGG.DE – The German steelmaker has confirmed its financial outlook for 2022, despite its half-year profit already hitting the lower end of the full-year guidance range.
* RWE RWEG.DE – Germany’s largest electricity producer has announced that it produced a fifth more electricity from renewable energies in the first half of 2022 compared to the previous year.
* AEGON AEGN.AS – The Dutch insurer has raised its full-year guidance and free cash flow target for 2021-2023 after a better-than-expected second quarter.
* ZURICH INSURANCE ZURN.S – The Swiss insurer reported a stronger-than-expected 25% increase in operating profit for the half-year to US$3.39 billion (€3.3 billion) on the solid performance of its non-life and life insurance businesses. .
* METRO retail group B4B.DE on Wednesday reported quarterly sales of up to 7.9 billion euros but a net loss of 290 million euros, largely due to the sale of its loss-making business in Belgium. According to the intermediary Lang & Schwarz, the stock gained 2.1% in the pre-market.
* DAIMLER TRUCK DTGGe.DE reported quarterly operating profit up 15% to 1.01 billion euros, ahead of expectations as results benefited from strong demand and favorable currency effects.
* KBC KBC.BR – The Belgian bank has revised upwards its earnings forecasts for this year, as well as its longer-term targets.
* ANTOFAGASTA ANTO.L – The mining group has announced a sharp fall in its half-year profit following rising costs and the ongoing drought in Chile, which is weighing on copper production.
THE FRANCE & INTERNATIONAL 7-DAY AGENDA:
(Written by Laetitia Volga and Marc Angrand, Editing by Kate Entringer)