Additional European Equity News
Assa Abloy and Wise Group reported strong growth, while Volvo Car and Burberry face headwinds in China, impacting overall volume targets and growth expectations for 2026.
News detail
Assa Abloy (ASSAB SS) - Q2 2026 (SEK): Revenue 39.26bln (exp. 39.09bln), Net profit 4.42bln (exp. 4.21bln). CEO: "Market remains challenging and uncertain. Organic growth accelerated and reached 4%, complemented by 2% growth from acquisitions, while currencies remained a headwind of –3%. Strong organic operating leverage contributed to a record-high adjusted operating margin for the quarter." (Assa Abloy)Bridgepoint (BPT LN) - H1: Underlying EBITDA 227.3mln , +77.6% Y/Y; AuM USD 97.3bln (prev. 86.6bln Y/Y), raised EUR 26bln toward its EUR 28bln target. Co. sees good transaction pipeline for H2 and remains confident in its long-term strategic opportunity. (Bridgepoint)Burberry (BRBY LN) - Q1 2027 Trading Update (GBP): Retail revenue 455mln (prev. 433mln Y/Y), Comparable store sales +5% (exp. +5.22%). Store sales led by continued strength in Americas and Greater China. Guides FY27 wholesale revenue to grow by high-single-digit percentage in H1'27 and sees broadly stable impact of retail space on revenue in FY27. Comparable sales by region: Greater China +9% (exp. +10%), Americas +12%, EMEIA -3%, Asia Pacific +3%. (Burberry)Evolution Gaming (EVO SS) - Q2 2026 (SEK): Revenue 517.8mln (exp. 521.7mln), EBITDA 341mln (prev. 345.3mln Y/Y), EPS 1.27 (prev. 1.22 Y/Y). (Evolution Gaming)Georg Fischer (GF SW) - H1 2026 (CHF): Net -77mln (prev. 160mln Y/Y), Revenue 1.58bln (prev. 1.51bln Y/Y), raises FY sales outlook for its flow solutions unit. (Georg Fischer)Getinge (GETIB SS) - Q2 2026 (SEK): Revenue 8.38bln (exp. 8.31bln), Adj. gross profit 4.65bln (prev. 4.18bln Y/Y), Adj. EBITA 1.48bln (prev. 0.99bln Y/Y), maintains its organic sales growth of 3-5% in 2026. (Getinge)Lagercrantz (LAGRB SS) - Q1 2026/27 (SEK): Revenue 2.91bln (exp. 2.87bln), EBITA 498mln (prev. 432mln Y/Y). (Lagercrantz)Volvo Car (VOLVCARB SS) - Co.'s CEO, in a Bloomberg interview, says they have dropped its ambition for full-year volume growth after a sharper-than-expected downturn in China. In other comments, the Co.'s CCO says China sales were hit by a severe market downturn and the Co. is continuing to protect overall pricing in China, not entering a price war. (Bloomberg/Volvo Car)Wise Group (WISE LN) - Q1 Trading Update (USD): Net revenue 714mln, +25% Y/Y; affirms FY26 net revenue growth around the middle of its 15-20% medium-term target range and pretax margin around the top of its 20-25% range. (Wise)Yara International (YAR NO) - Q2 2026 (USD): Revenue 4.43bln (exp. 5.09bln, prev. 3.94bln Y/Y), EBITDA 1.06bln (prev. 652mln Y/Y). (Yara International)Air France-KLM (AF FP) downgraded to Reduce from Hold at Kepler CheuvreuxASML (ASML NA) upgraded to Buy from Hold at DZ BankHiscox (HSX LN) reiterated with Buy at Goldman SachsPartners Group (PGHN SW) reiterated with Buy at Goldman SachsSegro (SGRO LN) upgraded to Buy from Hold at Kepler Cheuvreux
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