Live from markets: Kering, Societe Generale, Unibail, Soitech, Worldline, ARM, Adian, Unilever… – 02/08/2024

in France

Results of the company (comments are given directly and do not prejudge the evolution of the securities)

• ArcelorMittal remains positive on the medium and long-term demand outlook.
• Crédit Agricole publishes better-than-forecast quarterly profit and announces dividend hike.
• Ipsen expects its profitability to decline in 2024 due to an increase in R&D.
• Kering’s sales fell 4% in Q4.
• Publicis forecast sales growth of 4% to 5% in 2024, beating expectations for the fourth quarter.
• Societe Generale is looking to return to growth in 2024 after a difficult Q4.
• Soitec publishes Q3 financials down 12% and revises its short- and medium-term objectives downward.
• Unibail returns to pay dividends after its accounts.
• Vinci expects lower revenue growth after a strong 2023 fiscal year.

Important (and not so important) announcements

• Airbus recorded 30 deliveries and 31 orders in January.
• Worldline will cut its workforce by 8%.
• Orpia announces the results of its rights issue for an amount of approximately €390 million.
• The casino’s buyers have promised employees of the establishments voluntary departure plans that will be covered by the job security plan.
• Vallourec wins major order from Wintershall Dea for the supply of premium tubular solutions in the North Sea.
• Herrig has signed a memorandum of understanding for the sale of its trading, construction and natural stone activities.
• Gatlink passenger shuttle traffic fell 4% year-on-year in January.
• Segadim Business Services strengthens its Hospitalis platform to secure supply.
• A takeover bid for the Chargers begins today.
• Nicox signs license agreement with Kova to develop and market NCX 470 in Japan.
• Kalray collaborates with ARM Holdings to deliver ultra-high performance data processing and AI solutions.
• Actor and the University of Birmingham are treating the first patient in the phase IIb LIBERATE study.
• Major publications of the day: Assystem, Waga, Guerbet, Akwel, Ipsen, Lacroix, Aurea, SpinewayRougier, Saint Jean, Volix, X-FAB, ALD, Delta Plus, ICAP, Vente-Unique, Claranova, Vaga Energy, ICAP Holding…

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)

• Adyen beats profit forecasts.
• Alibaba increases share buybacks as revenue falls short of estimates.
• AP Moller Maersk announces Q4 profit below forecast. Oversupply of vessels is expected to affect 2024 profits.
• ARM Holdings rose 20% in the session after its accounts.
• AstraZeneca expects revenue and profit to grow in 2024 due to resilient demand.
• British American Tobacco beat its full-year profit forecast.
• Deutsche Börse raised its profit by 13% in the fourth quarter, in line with forecasts.
• Honda reported a 35% jump in third-quarter profit and revised up its forecast for the full year.
• KBC made a profit of €677 million in Q4.
• McKesson raises its annual profit forecast, but the stock loses 3% over the course of the session.
• O’Reilly’s accounts fell 5% after the session.
• PayPal fell 8% in the session after its accounts.
• Siemens AG beat its industrial profit forecast in the first quarter of the fiscal year.
• Swisscom sees its 2023 profits rise due to fastweb growth in Italy.
• Unilever expects a modest improvement in its underlying operating margin for the current financial year.
• Walt Disney rose 6.7% in the session after its accounts.

Important (and not so important) announcements

• Nvidia’s stock market value is on the verge of surpassing Amazon’s.
• SoftBank rose 10% after ARM Holdings surged.
• The EU supervisory authority is investigating the availability of medicines manufactured at Catalent sites and sold to Novo Nordisk.
• British competition watchdog clears European deal between Arcelic and Whirlpool.
• Berlin plans to nationalize Rosneft’s activities in Germany.
• AP Moller Maersk is experiencing computer network problems that are disrupting operations at several locations in the US, Bloomberg reported.
• S&P has downgraded Danish wind energy giant Orsted to BBB.
• Walgreens Boots pocketed $992 million after reducing its stake in Cencora for the third time.
• A US court has revoked the government’s latest authorizations for certain agricultural herbicides sold by Bayer, BASF and Syngenta.
• Bill Ackman withdraws from Lowe’s after bet for Pershing Square Funds brings in $1.3 billion.
• Meta challenges monitoring fees for EU online content rules.
• Key releases of the day: L’Oreal, AstraZeneca, Philip Morris, Siemens AG, ConocoPhillips, S&P Global, Unilever, Kering, Compass, Crédit Agricole, Adyen, AP Moller Maersk, Publicis, ArcelorMittal… Full agenda here.

Reading