BofAML EMEA Indications
NOKIAN - 4Q operating profit EU108.5m, est. EU106.9m (36.24)................+3%
Nokia - 1st take, beat at EBIT showing cost cutting & deal synergies (4.35).+3%
DASSAULT - Q4 beats, guidE in-line. Q4 is 3% ahead of consensus (1087.37)...+2%
DANSKE - 4Q income DKK12.9b, est. DKK12.1b, Buy Back DKK10b Shares (235.11)+2%
ING Earnings and capital beat part offset marginal divy miss (13.62)........+1%
SWED - Q4 results solid, c3% clean operating beat (226.75)..................+1%
IFX - 2% beat on revs at €1.65bn and 8% beat on EBIT at €246m (17.32).......+1%
DNB - Q EPS Beats Est.; Declares NOK5.7/Share Div; Plans Buyback (141.2)....+1%
CABK - 4Q NII EU1.08B, CET1 FULLY-LOADED 12.4% (3.43).......................+1%
Compass - 1Q17 in line. 1Q17 org reve grwth +2.8% vs. BAML +2.5% (1410.97)..+1%
AZN - Sales: 5,585 vs cons 5,579,Core Op Profit:2,026 vs cons 1,925 (4247) unch
DAIMLER - 4Q adj Ebit EU3.58b vs EU3.48b yr ago. 2016 rev. rises 3% (69.32).-1%
RECKITT - in talks to buy Mead Johnson confirmed by RB & MJN (6693.4).......-2%
DBK - Q4 pretax loss of 2.4 bln eur, vs 1.4 bln street view (18.7)........-2.5%
Assa Abloy - first take a bit negative –org growth slightly light (164.32) -3%
NOVO - NetSales:29,572 vs cons 29,477 Op profit: 11,206 vs cons 11,496 (242)-3%
Swatch - FY16 results a miss vs.cons expectations.Net sales -10.8% (336.68).-4%
CS:
Aberdeen -1% AuM slightly better but outflows slightly worse
AMS -1% US peer Cirrus -10% after hours on negative outlook
Assa Abloy -1-2% Org growth +1% vs est +1.9%
AstraZeneca +0.5% Q16 total rev. - $23b vs est. $23.1b, EPS beat
Bucher M/P FY Turnover inline, FY Order intake 2% ahead
Caixabank -1% Q4 NII 3% ahead, op revs 7% ahead, net income 50% light
Compass M/P H1 org rev 2.8% CS est 2.9%, North America strong
Cranswick M/P 3Q trading inline with expectations
Daimler -2% 4% EBIT miss offsets stellar 4Q MBC margin
Dassault Sys M/P FY revs EUR3.065b vs EUR3.04b, confident of 5y goal
Deut Bank -1-2% Capital 11.9% vs 11.3%, impact on the franchise, S&T miss
Dialog semi -1% US peer Cirrus -10% after hours on negative outlook
Dong +1% 2016 EBITDA 19.1bn vs bbg consensus 18.4bn
Fortum +1-2% FY EBITDA 4.6% miss, dividend better
Glencore M/P Volumes in line, no change to guidance
Imagine Tech -1% US peer Cirrus -10% after hours on negative outlook
ING +2% NII 4% ahead, CET1 strong at 14.2% cons 13.8%
Infineon +1-2% Q1 Rev EU 1.65b est EU 1.62b, outlook unchanged
JMAT +1-2% Revs 876mln CS at 882mln, reiterate guidance
Miners -1% Copper +0.45%, Brent +0.10%, Iron Ore CLOSED, China CLOSED
Modern Times +1-2% Q4 sales SK5.02b vs cons SK4.90b
Nokia +5% 4Q net sales EU6.72b, est. EU6.79b, margins better
Nokian +2% Solid Q4 figs, with 4% sales beat, 1.5% op profit beat
Novo Nord +2% FY Sales DK 111.8bln est DK 111.7bln
Novartis M/P Teva loses court bid to dlay generic forms of Copaxone Drug
Tesco M/P Could be forced to dispose of more than 600 stores, Times
Qiagen M/P Q4 net sales slightly light, confirm FY17 outlook
Reckitts UNCH In discussions ty buy baby formula maker MEAD JOHNSON
Shell -1% Miss in integrated gas, E&P a little light
Swatch -4-5% 7% op profit miss and H2 sales growth -9% vs est -7
Swedbank +0.5-1% Core revenues beat and expectations low into Qtr
Telenor +1% 4Q rev. NOK33.1b vs est. NOK33.5b, Declares NOK7.80 divi
Unibail M/P EPRA NAV ahead and LfL net rental income growth behind
Vodafone +2% Q3 Organic serv rev up 1.7% est up 1.5%
Shore
CRANSWICK - trading in line,revs well ahead of prior yr,scope for upgrades..+2%
JRP - IFRS margin to exceed prev g'dance,merger synergies ahead of schedule.+2%
GVC - NGR +7% in Q4,sees pro-forma clean EBITDA towards upper end...........+2%
VODAFONE - Q3 organic service rev +1.7%(Est+1.5%).FY guidance confirmed......+1%
ASTRAZENECA - Sees 2017 rev down low to mid single digit percent............UNCH
COMPASS - Q1 organic sales growth in line with estimates/margin moved ahead.UNCH
JOHNSON MATTHEY - Says Q3 adj ptp ahead of last year.Sales increased 14%.....+1%
ABERDEEN - £2.4b to be withdrawn from portfolios this quarter...............-2%
NETPLAY - 9p cash bid from Betsson AB.......................................+10%
REAL GOOD FOOD - strong sales in Q3 +8% yr-on-yr,targets price increases.....+2%
AVON RUBBER - order intake encouraging,confident of meeting FY expec........UNCH
CARILLION - signs extension to Opeanreach framework agreement...............+1%
WORLDPAY - Ship Global 2 sells enitire holding (214m shs) placed at 282.75p.MKT
SHELL - a miss on lower refining earnings...................................-2%
TESCO - Tesco may have the satisfy the CMA by selling 635 stores (times)....UNCH
MF
*RECKITT BENCKISER-In talks to buy Mead Johnson says WSJ................-2%
*SWATCH-FY OP CHF805m(865.4),Sales 7.55b(7.74),Divi 6.75(7.5)...........-5%
*NOKIA-OP 940m(766.2),Sales 6.72b(6.79),Gross Margin 42%(40.1)..........+3%
*ING-FY Pft 4.98b(4.63),Q4 Net 1.38b(1.15),CET1 14.2%,Div 42c...........+2%
*DBK-Net -1.89b(-1.32),PT -2.42b(-1.49),Restructuring 114m(330).........-1.5%
*ATLANTIA-Said to consider bid for Mexico's RCO from Goldman............+0.5%
*NOVO-FY16 Sales 111.8b(111.7),Ebit 48.4b(48.65),B/B of 16bln...........-2%
*DANSKE-NII 5.79B(5.58),Inc 12.9b(12.1),NI 5.59b(4.59),B/B 10b..........+1%
*IFX-Q1 Rev 1.65b(1.62),Seg Pft 246m(233.6),EPS 17C(17).................+1%
*MUNICH RE-Open to possible bif acq's,tgts still too expensive..........-0.25%
*DIALOG-Read across from Cirrus Logic -10% a/hrs(Q4 Revs light).........-0.70%
*HANNOVER RE-Raises guidance from 950m to +1b(1.03b),CR 96%.............+1.5%
*HELLA-ABB 2.2m shares,coming from the family,price 37-37.5(38.24)......-1%
*DAIMLER-Q4 Adj Ebit 3.58b(3.74),Rev 41b(40.4),slight grth in Rev etc...-2%
*KESKO-Q4 Net Sales 2.77b(2.73),Ebit 63.3m(68.7),outlook cmnts +ve......-2%
*QIAGEN-Q4 Sales 366.5m(371.7),Ebit 112.7m(112),EPS 39c(38).............-1%
*NOKIAN REN-Q4 Sales 460.7m(442.1),OP 108.5m(106.9),2017 exps 5% grth...+2%
*DNB-EPS 3.16(3),CET1 16%,Considers B/B,plus Cash Divi..................-1%
*ASSA ABLOY-Adj OP 2.91b(3.2),Sales 19.5b(19.7),Org Grth Rev +1%(2).....-2%
*TIETO-Net Sales 403.6m(412.1),Adj OP 49.5m(48.9),FY16 Divi €1.37.......-1%