Direct from markets: Alstom, ASML, SAP, Netflix, Apple, Interparfums, Barry Callebaut… – 01/24/2024
Every morning, the Zonebourse team identifies and summarizes significant information related to listed companies around the world, to capture key news at the start of the trading day. The content includes one part on France and another on key international markets, particularly American companies, and key European markets (UK, Germany, Switzerland, Italy, Spain) and Asia-Pacific.
in France
Results of the company (comments are given directly and do not prejudge the evolution of the securities)
- Alstom achieved revenue of €4.33 billion in its fiscal Q3, slightly higher, and confirmed its forecast for the 2023/2024 fiscal year. The group will decide on a possible capital increase by May.
- Compagnie des Alpes reported a 1% drop in its revenue in fiscal Q1, to €200.3 million due to later school holidays than last year.
- Interparfums achieved €798.5 million (+13%) in annual revenue, a record and suggesting that its operating margin should exceed 19%.
Important (and not so important) announcements
- Stellantis CEO believes Italy’s hard line on incentives is hurting production.
- France to buy 42 new H145 helicopters from Airbus
- Bouygues appointed Emanuel Desmaizières General Manager of Bouygues Immobilier.
- CGG signs 3D data reprocessing program from Trinidad and Tobago.
- Rebar receives orders for three production machines in Asia.
- IAMGold has filed its proposed OPR/RO at EUR 3.50 at Euro Resources.
- Key releases of the day: Interparfums, Vetoquinol, Groupe Crit, Aube, Aramis, Solutions 30, Altheora, Prismaflex, Vitbay, Advisen, La Francese de l’Energie, Sidetrade, SMAIO…
In the big world
Company results (comments are given directly and do not prejudge the evolution of securities, except for post-session exchanges in the United States, which generally reflect trends well)
- Abrdn records cash outflow in H2 2023 and initiates cost-cutting plan.
- ASML has exceeded expectations and received many more orders than expected. Predictions are confirmed.
- Barry Callebaut reported a 0.4% rise in volume in its latest quarter, but higher cocoa prices weighed on the results.
- Despite a direct impact of around £40m from the Middle East conflict, EasyJet expects a smaller-than-expected loss in the first half.
- Netflix rose 8.7% in the session after the release of its results.
- SAP released slightly more than expected and launched a massive restructuring plan that will result in 8,000 job cuts, about 7% of the workforce.
- Siemens Energy announced slightly better-than-expected results for its fiscal Q1, but without changing its annual forecast.
- Texas Instruments lost 4.5% post-session after its results.
- Vitrolife takes a $409 million impairment charge in Q4 on the acquisition of Igenomix.
Important (and not so important) announcements
- eBay will cut 9% of its workforce, or thousands of people.
- Apple shifts its automotive ambitions to 2028
- Tesla has told its suppliers that it plans to begin production of a new mass-market electric vehicle codenamed “Redwood” in mid-2025.
- Walgreens plans to sell Shield Health for more than $4 billion, according to Bloomberg.
- The European Commission is opening an investigation into Lufthansa’s acquisition of a stake in ITA Airways.
- Rio Tinto signs 25-year solar power purchase agreement in Australia
- Nokia and Chinese Oppo resolve their differences through a cross-licensing agreement.
- UBS changes its board of directors.
- Skanska wins $181 million contract with Aker BP in Norway.
- British court approves Mars’ takeover of Hotel Chocolate at 375 GBp per share.
- Key releases of the day: Tesla, Abbott Laboratories, IBM, ASML, SAP, ServiceNow, AT&T, Elevance Health, Lam Research, Barry Callebaut… The whole agenda is here.
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