Additional European Equity News - 21st August 2026
Bavarian Nordic and Nibe posted Q2 revenue and profit growth, Fortum launched an Elmera tender offer, and Deutsche Bank downgraded Straumann Holding to Hold.
News detail
Bavarian Nordic (BAVA DC) - Q2 2026 (DKK): Revenue 2.03bln (exp. 1.55bln). Raises its FY26 guidance, now sees revenue c. DKK 5.7bln (prev. guided DKK 5.5-5.7bln). The upgrade is to reflect additional contract awards secured with c. DKK 2.3bln secured for 2026. Additionally, the Co. launches a new DKK 750mln share buyback programme. (Bavarian Nordic) Fortum (FORTUM FH), Elmera (ELMRA NO) - Fortum launches a recommended voluntary cash tender offer in Elmera at NOK 47/shr. (Fortum) Nibe (NIBEB SS) - Q2 2026 (SEK): Net Sales 10.85bln (prev. 10.08bln Y/Y), Operating Profit 1.23bln (prev. 0.94bln Y/Y), EPS 0.37 (prev. 0.24 Y/Y). Remains optimistic about 2026 and longer term performance, however the external outlook is naturally difficult to assess. (Nibe) Straumann Holding (STMN SW) downgraded to Hold from Buy at Deutsche Bank
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