ML
SSAB - Beat with underlying EBITDA +18% v cons. Q3 demand looks stable....+5%
CRH - Raising EBITDA guidance based on trading in late Q2 to EU 1.1bn.....+3%
ACACIA - Beat. EBITDA +30% ahead driven by higher prodn & lower costs...+2-3%
EDENRED - Steady with EBIT +2.5% beat at EUR 161m. FY16 guidance inline...+2%
VODAFONE - MSR 1.9% ahead of cons on strong nos in Germany,Spain,SA&Turkey+2%
SWEDISH MATCH - Operating margin a 3% beat, margin in Snus also good......+2%
THALES - Solid growth with net sales 3% & operating profit a 2% beat....+1-2%
GAMESA - Awarded seven contracts to provide wind turbines for 460 MWs.....+1%
BIG YELLOW - Good, occupancy +7% from the same qtr last yr, LfL rev +8%...+1%
SYNGENTA - Sales $7.1b v bbg cons $7.15b, sales 2% lower at constant FX...u/c
GECINA - Inline. A little more yield compression drives +4.8% NAV growth..u/c
BEAZLEY - GWP +2%, ROE 19%, PBT $150.2m due to an uptick in activity......u/c
MINERS - Copper -0.45%, Iron ore -3.3% with RIO OZ -0.3%, BHP OZ +0.3%..-0.5%
RICHEMONT - Cartier to cut prices in Japan by average 10% from Aug 5th....-1%
HAVAS - H1 rev 0.6% beat but organic growth is 3.0% vs cons of 3.2%.......-1%
TODS - Same store sales growth -15.7% vs market expectation of -15%.....-1-2%
DASSAULT AV - Net income beat (due to Thales) but EBIT is a miss........-3-4%
ELRINGKLINGER - Very disappointing. Has cut its 2016 EBIT guidance......-5-6%
LSL - Warning on Brexit. Expects profits to be significantly lower....-10-15%
MF
*SYNGENTA-Ebitda 1.77b(1.91),Sales 7.1b(7.146),Ebitda 1.77b(1.9)....-1.2%
*TIETO-Sales 381m(383),OP 35.8m(34),outlook unch,strong into no's...U/C
*THALES-Sales 6.85b(6.55),No Brexit impact,confirms targets.........+1%
*EDENRED-Sales 526m(520),OP 161m(153.5),o/lk confirmed,SI 9.6%......+2%
*TODS-Rev 497.6m(488),Euro Ex Italy -2%(-3.4),Sales -4.3%(-5).......+1%
*DASSAULT AVIATION-Sales 1.66b(1.54),Cuts Falcon delivery outlk.....-4%
*ELRINGKLINGER-Cuts 2016 Ebit guidance 140-150m(164),stk -6% a/h....-7%
*LINDT-Sales 1.5b(1.51),Ebit 98.4m(100.5),Org Sales Grth 4.4%.......-1%
*HAVAS-Net 82m(93),Rev 1.09b(1.08),OG 3%,Confident on FY targets....-1%
*SKANSKA-Rev 37.3b(39.7),OP 1.66b(1.62),Brexit no impact on uk......-2%
*HUHTAMAKI-Sales 742m(755),Ebit 77.8m(75.7),Conditions stable.......+0.5%
*TF1-Rev 543m(545),Net 12.5m(20.3),op 22m(36.9),small grth on FY....-2%
*PHILIPS LIGHTING-Rev 1.73b(1.83),Sales Growth -1.5%,names CFO......+3%
*KONECRANES-Sales 523m(515),Sees 2016 Sales same level as '15.......+2%
*SFS-Sales 689m(687),Ebita 93.3m(88),NP 47.1m(48.4),o/lk mixed......+1%
*SWEDISH MATCH-Sales 3.92b(3.73),OP 1.06b(1.05),outlook unch........+2%
*SSAB-Sales 14.5b(14.4),OP 592m(341),Ebitda 1.6b(1.277),Q3 ok.......+3%