BofAML EMEA Indications:
NESTE - Strong beat across the board, expect reaction today (44.31...........+5%
STMICRO - Beat & raise. Q3 Rev 2% beat.GM 3% beat. Op income 5.4% beat(21.73)+4%
NAT EXPRESS - solid Q3 trading update. group revenue up 6.4% (353.08).......+3%
INCHCAPE - 3Q rev rose 14.6%. expect to deliver solid FY growth.(829.67).....+3%
C&C - In line with H1 revs 273m.Confident on returning to growth.(3.0-3.03)+2-3%
KAZ - Q3 prodn beat,copper prodn guidance increased. Solid overall.(850.7)...+2%
MTU - Q3 in line. 2017 guidance raised.2017 FCF seen at 140m vs 120m(149.4)..+2%
STRAUMANN - OSG 15.9%.Raises outlook for FY org rev growth to 13-15%.(678.3).+2%
ABB - Orders $8,157m, in line. Sales 2% ahead. 12.9% margins..........(25.26)+2%
TELENET-Q3 Revs 2.5%,EBITDA 1.9% beat,FCF 14% ahead.Reit rev guidance.(58.27)+2%
ORANGE-Rev 0.3% miss,EBITDA 0.8% beat.France better.AMEA, ICSS weaker.(13.29)+2%
BEIERSDORF - Strong beat in Q3. Driven by Consumer & tesa.......(93.86)......+2%
DEBENHAMS - looks very much in line PBT, Revs etc..(46.5-47)...............+1-2%
SCHNEIDER - Revs €5.9bn. Org growth +2.7%.Tweaking guidance higher.(73.81....+1%
FORTUM - Operating profit EUR 387m, 2.4x higher than highest est....(17.94)..+1%
DSV - DKK1,313mn of Q3 op profit and raise op profit guidance........(468.44)+1%
KPN - Rev 1.0% light at €1.6bn. EBITDA 0.8% ahead. Guidance reit.......(2.99)+1%
BARCLAYS - slight miss across the board, restructuring known about.(199p)....+1%
BVI - Q3 org growth accelerated QoQ slightly above cons.Guidance unch.......UNCH
GJENSIDIGE - Solid beat, but capital still within range.....................UNCH
SCOR - NI loss of €267m. Worse combined ratio, 137% vs 130%.................UNCH
SANTANDER - Ex one-offs, 6% net profit beat.Driven by Spain & Brazil........UNCH
STATOIL - Q3 EBIT 3% miss. Net income $819m 4% beat. Cuts capex forecasts...UNCH
TELEFÓNICA - Better #'s in Spain reassure. Weakness in the UK...............UNCH
TECHNIP - Strong oeprational beat.2017 guidance lifted, mainly on 3Q beat...UNCH
INGENICO - 3Q revenues 3% miss on FX headinds but guidance maintained.......UNCH
BAYER-2% EPS beat on lower sales; FY17E guidance better.All in line.(113.8)-0.5%
INBEV - WEAK operating Q3, although EPS BEAT at $1.31. Guidance ok(102.02)...-1%
GLAXO - we DOWNGRADE to Neutral - cut our PO to 1550p from 1730p.(1457)......-1%
BANKINTER - NII miss, not good enough to keep them going (7.79)..............-2%
D. BANK - key divisions miss, headline beat driven by corporate centre(14.40)-1%
JERONIMO - Sales at €4,172m,margin down -38bps.Poland LFL beats.......(15.46)-2%
PGS-Rev misses by 9%. EBITDA $109m misses by 14%. Backlog fell by 33%.(15.52)-3%
NORDEA - costs don't look good enough, headlines small miss...(104.5)........-3%
DIA - Disappointing as expected and FY guidance revised down...........(4.19)-3%
NOKIA - Q3 mixed and guidance trimmed. 4% miss in networks..........(4.90)...-5%