ML
MICRO FOCUS - Expects to report revs better than management guidance (1332).+5%
ALSTOM - Beat with orders +12%, sales +4% and EBIT +10% v cons estimates(40)+3%
BURBERRY - EBIT 3% beat, SSSG inline and FY guidance for flat EBIT (1840)...+2%
ENDESA - BAML DOUBLE UPGRADES to Buy. Margin upside is underappreciated (20)+2%
SSP - EBITA £55.2m cons c.£53m with org growth +2.8% v +2.5% cons (638.5).+1-2%
MARSTONS - Think reassuring with results being inline with estimates (113)..+1%
MAB - Another inline set of results, even with the weather issues (278).....+1%
CINEWORLD - Says on track. Quarter has benefited from 2 Marvel movies (272).u/c
NAT EXPRESS - Reads well with co on track to deliver rev/ profit/ FCF (406).u/c
MONDI - Solid with op profit 26% of FY18E cons. Expects H2 stronger (1998)..u/c
WIRECARD - 1Q EBITDA of E112.3m is all in line with the preannouncement(125)u/c
MEDIASET - Q1 in line with potential upside to cons from TI partnership (3).u/c
AGEAS - Strong headline beat but driven by one offs from high cap gains (45)u/c
PLAYTECH - Gaming division in Asia is lower than same period last year (812)-1%
DUERR - Group orders inline but total rev -1% v cons and EBIT -3.5% miss(84)-1%
AHOLD - -ve. Amazon prime nos to get add'l 10% discount at whole foods(19.6)-1%
GVC - UK said to announce crack down on gambling machines this week (902.1).-2%
WILLIAM HILL - UK said to announce crack down on gambling machines (307.7)..-2%
PADDY POWER - UK is said to announce crack down on gambling machines (7605).-2%
CREST NICHS - Mixed with 1251 units completed but margins guided lower (480)-3%
CS
Ageas +1% Q1 net income of E248m cons E142m, Belgium/Asia better
Alstom +3% FY adj EBIT 9% beat, sales 3.5% beat, FY19 targets
ahead
BMW M/P Seeks to maintain EBT >10%
Burberry +0.5% FY revs inline, adj op profit 2.5% beat
CocaCola HBC +1-2% CS REITERATE OUTPERFORM (well positioned to expand
margins)
Crest -5% Guiding EBIT margin towards the bottom end
Deut Euroshop +1% EBIT 1.5% ahead, FFO 3% ahead, FY18 guidance confirmed
Elior -10% Revises guidance lower, poor weather conditions
Leoni M/P Numbers inline with pre-release
Mediaset It -1-2% Q1 Rev EU 860.6mln est EU 857.6mln, EBITDA light
Micro Focus +3-5% Guiding towards top end of range
Miners +0.25% Copper -0.60%, Brent +0.30%, Iron Ore -1.75%, China
-0.25%
Mondi +2% Op profit 5% beat, outlook slightly positive
Nat Express +2% Group revenue +6.2, remains on target
Oils UNCH US API build of 100k barrels vs a draw of 1.9m last
week
Speedy Hire M/P Fy revs 377.4m cons 380m, EBITDA 73m cons 72.3m
Will Hill +2-3% Article in the Daily Mail regarding potential M&A
Wirecard UNCH 1Q revs 420.4m vs bberg cons 402.6m, guidance confirmed
RBC PRE-MARKET INDICATIONS:
*AENA: -2% placing of 2.6% of AENA @ €174.12 per share.
*ALSTOM: +3% FY revenues ahead, dividend increased, strong.
*AUSTRIAN POST: +2% Q1 numbers ahead, EBIT +4.3%.
*BREWIN DOLPHIN: 0% interim results in line, dividend touch light.
*BURBERRY: +1% FY retail LFL performance bang in line, share buyback announced.
*CINEWORLD: 0% trading in line with expectations.
*CREST NICHOLSON: -3% H1 numbers disappointing, negative impact on margins.
*ELIOR: -10% warning, FY'18 guidance for organic growth cut.
*MICROFOCUS: +3% H1 revenue ahead, on "unusually large license deal".
*MITCHELLS & B: +1% trading update solid, positive commentary.
*NATIONAL EXPRESS: +1% 4-month revenues +6.2%, FY'18 revenue & profit targets on track.
*PREMIER OIL: +1% Q1 production in line, Catcher output solid.
*SPEEDY HIRE: +3% FY revenues in line, encouraging start to year.
*STATOIL: --> name and code change to EQUINOR, EQNR.
*WIRECARD: +1% Q1 numbers in line, FY'18 guidance confirmed.
Shore
NATIONAL EXPRESS - grp revs +6.2%,on track to deliver targets for the year...+1%
MONDI - inline,positive on outlook but seeing cost pressures & ccy headwind.UNCH
MITCHELLS BUTLER - LfL +1.6%,Easter LdfL +5.8%,weather hit op.profit.........-1%
MOSS BROS - trading improves,sales -2.4% from -4.4% in March.................+2%
BREWIN DOLPHIN - net inflows of £1.3bn,fees +10.4%,positive outlook..........+2%
SPEEDY HIRE - revs +2.2%,PBT +59.9%,ROCE +49.4%,divi +65%,sees FY in line....+3%
SSP - H1 op pft 55.2m.H1 rev 1.18b.Divi 4.8p.H2 started in line..............+1%
MARSTONS - H1 op pft 28.8m.H1 adj rev 528.1m.Divi 2.7p.25m capital reduction.+1%
MICRO FOCUS - Sees H1 revs above guidance on large license deal..............+2%
CINEWORD - Says trading was in line with expectations.FY remains on track....+1%
CREST NICHOLSON - completions +17.5%,fwd sales +5.3%,price growth restrained.-1%
BURBERRY - Sales in line,on track to deliver £100m savings,new £150m buyback.+2%
PLAYTECH - B2C in line,Sun Bingo seeing rev improvement,managment confident..+1%
PADDY POWER BETFAIR - in talks to buy FanDuel in US..........................MKT
MainFirst Pre Mkt Indications
*WIRECARD-Q1 Rev 420.4m(402.6),PT 70.8m(76),FY Ebitda ok ish.......+0.5%
*CNP-Q1 NI 313m(327),Confirms Organic FY Ebit Growth 5% plus.......+1%
*AGEAS-Q1 Ins Net 299m(201),Net Inc 247.7m(147),S/Ratio 194.7%.....+2%
*MEDIASET-Q1 Rev 860.6m(657.6),Ebitda 317.9m(322),Ebit 53.9m(54)...+1%
*DUERR-Q1 Sales 840.1m(847.6),Ebit 51.1m(56.2),FY cashflow +ve.....-1%
*ALSTOM-FY Ebit 514m(473).Rev 7.95b(7.68),Divi 35c,NI 475m(421)....+3%
*NOVARTIS-Meet the management Alcon ok,Sandoz improving,more later.+0.5%*ELIOR-H1 Ebitda 231m(242.5),Margin 6.9%(lite),FY outlook lite.....-7%
*CROPENERGIES-FY Rev 882m(882),NI 51m(48),Ebitda 111m(111).........-2%*GEOX-Q1 Rev 264.5m(285.33),Comfirms improvement in Inds margin....-2%
*BMW-Seeks to maintain PT above 10%(already flagged by company)....U/C
*BURBERRY-FY OP 467m(452),Sales +3%(+3%),Rev 2.73b(2.74),B/B 150k..+2%*LEONI-Q1 NI 43.6m(35),Ebitda 100.5m,Co confirms outlook...........+0.5%
*AHOLD-Amazon cuts Whole Fds prices for Prime customers............-1%