European pre-market summary - 28th October 2026: Tech leads after SK Hynix results

APAC Earnings SK Hynix (000660 KS), +10.9%: Net miss, Operating profit & revenue beat. Announces shareholder return of c. KRW 100tln in 2026, with cash dividend of more than KRW 30tln and decides on a KRW 20tln share buyback. Memory demand is expected to surpass previous forecasts as AI handles longer and more complex tasks, driving increased computing and data processing requirements. Q3 Earnings Santander (SAN SM): Net beat, NII miss, Revenue higher Y/Y. On track for FY guide. UBS (UBSG SW): Net miss & EPS miss, PBT and Revenue beat. Unilever (ULVR LN): Sales +6.7% Y/Y. Raises FY underlying volume guidance. BNP Paribas (BNP FP): Net and Revenue beat. Confirms 2028 guidance. Buyback of EUR 1.3bln. GSK (GSK LN): Beats across the board. Reaffirms guidance. Deutsche Bank (DBK GY): PBT, Revenue, Profit after Tax all beat. FIC in-line. On track for 2026 guidance. BASF (BAS GY): Sales and adj. EBITDA beat. FY EBITDA guidance upgraded. ASM International (ASM NA): Revenue beat, adj. Net and EBIT higher Y/Y, Gross Margin higher Y/Y. Q4 guide above forecast. New EUR 300mln buyback. Danone (BN FP): Sales beat, LFL growth above exp. COO to retire. Saint Gobain (SGO FP): Sales in-line. Confirms guidance. Equinor (EQNR NO): adj. EPS and Revenue miss. Raises its oil and gas production growth guidance to c. 4% (prev. guided 3%). Sandoz (SDZ SW): Net higher Y/Y. Lowers FY26 net sales growth guidance to 5-6% at constant FX (prev. mid-to-high single-digit growth), but raises core EBITDA margin guidance. Mercedes-Benz (MBG GY): Revenue miss, adj. EBIT beat. Market conditions have become increasingly challenging, particularly in China, although sales growth in Europe and the US, alongside record BEV sales, indicates strong demand for new models. Adyen (ADYEN NA): Revenue beat. Heineken (HEIA NA): adj. Revenue higher Y/Y, Total Volume above exp. Reiterates FY guidance. Logitech (LOGN SW): Revenue and Operating Income beat. Stellantis (STLAM IM/STLAP FP): Headline metrics beat. Reaffirms guidance. Turnaround plan is progressing. Delivery Hero (DHER GY): Revenue beat, GMV higher Y/Y. Raises FY outlook.