ML
* MLP IPO - Day 1 today - Ticker: MPARK TI. IPO price TRY19, size $370mn.......
KERING - Solid rev, v strong EBIT margin & FCF. All luxury brands beat (391)+3%
METRO - EBITDA 5.4% ahead of cons and group reiterates its FY guidance(17.7)+2%
UBISOFT - CEO positive comments; AC Origins still selling extremely well(65)+2%
RANDSTAD - Revs 1% ahead of cons with EBITDA a 4% beat. 69c special div (56)+2%
MINERS - Copper +1.5%, Iron ore fut +0.75% and BHP OZ +1.15%, RIO OZ +1.12%.+1%
MICHELIN - Solid; ops profit €1,340m (12.4% margin) inline with cons (126.5)+1%
REPSOL - CVC is said to near deal to buy Repsol's stake in Gas Natural(14.1)u/c
AURUBIS - FY18 rev +1.4% v cons, op EBIT EUR82m is 25% of FY bbg cons (80)..u/c
B.LAND - Preleases 161k sq ft at 100 Liverpool St on a 20 year lease (635.6)u/c
GAS NAT - CVC is said to near deal to buy Repsol's stake in Gas Nat (18.5)..u/c
TELIA - CEO says that he sees no prerequisites to buy TDC; DI reports (37.2)u/c
TUI - EBITDA -€25.9m compared to BAML -€52.9m, benefited by RIU sale (1595).u/c
TELENET - Solid EBITDA but FY18 guidance u/whelming & not releveraging(60)-2-3%
CS
Aurubis -2% 1Q sales 2.87bln cons 2.83bln, guidance underwhelming
Fraport M/P traffic stats - Passenger count +7.6%, Air freight
+0.5%
Kering +2% Sales strong, op margin beat, revs ahead
Metro +0.5% Numbers inline, confirms guidance
Michelin M/P Sales/earnings inline with expectations, FCF better
Miners +0.5% Copper +1.55%, Brent -0.30%, Iron Ore +0.80%, China
+1.20%
Pendragon +2-3% FY pretax £60.4m vs cons £59.8m, outlook inline
Randstad +3-5% EBITDA 4% beat, growth ahead, special dividend
Scout24 +1% Revs in line, EBITDA 1% ahead
Telenet -3% EBITDA 3% beat vs cons, no exceptional distribition
Thule +1-2% 4Q net sales SEK1.01b vs cons SEK1.03b, div ahead
Tui -1% Summer bookings solid, guidance inline
Vontobel +1% FY17 AuM CHf165.3n (cons 158.4), net profit 4.5% ahead
X-Fab -2% Q4 sales $154m vs. CS at $150m, guidance underwhleming
RBC PRE-MKT INDICATIONS
*ADIDAS: 0% BRIDGEWATER discloses $384M short position.
*BLT: 0% expects $1.8B income tax expense due to US reforms.
*ENGIE: -1% LES ECHOS: subsidiary Cofely seen investigated for corruption.
*FAROE PETRO: 0% operational update in line, strong into numbers.
*FHZN: 0% January passengers +2.7%, solid numbers.
*FLUGHAFEN WIEN: 0% Vienna airport passengers +1.9% for Jan, cargo very strong.
*FRAPORT: 0% January numbers broadly in line, passengers +1%.
*GAS NAT: 0% EXPANSION: KKR, CVC to buy REP's 20% GAS stake.
*KERING: +3% strong numbers across the board, GUCCI +43% v +40% estimates.
*METRO: +1% in line with pre-announced numbers, '17-'18 guidance confirmed.
*MICHELIN: +1% FY'17 numbers solid, confirms '20 objectives.
*RANDSTAD: +2% Q4'17 EBITA ahead, organic growth better, robust numbers.
*SCOUT24: +1% preliminary results in line, EBITDA touch ahead.
*TELENET: -2% Q4'17 results in line, but capex concerns & '18 guid conservative.
*TUI: +1% Q1'18 loses less than expected, customer numbers better.
*UBISOFT: +1% Q3'17 numbers in line, FY'17-19 targets confirmed.