Additional European Equity News - 22nd October 2026

Addtech (ADDTB SS) - Q2 2026 (SEK): Net Sales 5.91bln (prev. 5.45bln Y/Y), EBITA 987mln (prev. 844mln Y/Y). (Addtech) Barclays (BARC LN) - Q3 2026 (GBP): Revenue 7.37bln (prev. 7.17bln Y/Y), EPS 12.3p (prev. 10.4p Y/Y); announces a share buyback worth GBP 500mln and says that the Co. is on track to achieve its 2026 and 2028 targets. Other Metrics: Total Income 7.36bln (prev. 7.16bln Y/Y), PBT 2.82bln (prev. 2.70bln Y/Y), Net Interest Income 2.07bln (prev. 1.96bln Y/Y), CET1 Ratio 14.2% (prev. 14.3% Y/Y) (Barclays) Beijer Ref (BEIJB SS) - Q3 2026 (SEK): Sales 11.6bln (exp. 10.9bln), EBIT 1.29bln (prev. 1.08bln Y/Y). (Beijer Ref) Castellum (CAST SS) – Q3 2026 (SEK): Total Income 6.98bln (prev. 7.19bln Y/Y), Income from property management 3.42bln (prev. 3.47bln Y/Y). Co. announces a SEK 8bln buyback. (Castellum) Getlink (GET FP) – Q3 2026 (EUR): Consolidated Revenue 521mln, +10% Y/Y. Confirms 2026 EBITDA target. (Getlink) Hermes (RMS FP) - Q3 2026 (EUR): Revenue 4.1bln, +4% at cFX. Sales by Region: Asia ex. Japan +2%, Japan +11%, The Americas +13%, Europe ex. France +9%, France +2%, Others -4%. Sales by Sector: Leather Goods and Saddlery +10%, Ready-to-wear and Accessories +1%, Silk and Textiles +7%, Perfume and Beauty -1%, Watches -2%, Others +3%. Outlook: Confirms its ambitious goal for revenue growth at constant exchange rates, despite the economic, geopolitical and monetary uncertainties around the world. (Hermes) InterContinental Hotels (IHG LN) - Q3 Trading Update: Q3 global RevPAR +5.3%, with Americas +6.8%, EMEAA +5.0% and Greater China -3.3%. On track to return over USD 1.2bln to shareholders in 2026 through share repurchases and dividend payments. Confident in achieving FY26 expectations. (InterContinental Hotels) J Sainsbury (SBRY LN) - H1 2026/27 (GBP): Underlying Sales 13.96bln (prev. 13.61bln Y/Y), Underlying Operating Profit 525mln (prev. 507mln Y/Y), Underlying Pretax Profit 366mln (prev. 348mln Y/Y). Raises the lower end of its FY26/27 underlying operating profit from continuing operations to 1.025-1.062bln (prev. guided 0.965-1.065bln). (J Sainsbury) LSEG (LSEG LN) - Co. agrees to acquire Octus for USD 3.535bln from Permira. (LSEG) Metso (METSO FH) – Q3 2026 (EUR): Sales 1.37bln (exp. 1.43bln), Adj. EBITA 230mln (exp. 243.3mln), Order Intake 1.61bln (exp. 1.43bln). Customer activity drove 28% order growth; organic order growth in constant currencies was 24%. Metso expects that the market activity in both Minerals and Aggregates will remain at the current level. Note: The previously reported December 2025 order backlog has been adjusted downward by EUR 157 million following the identification of a reporting discrepancy. (Metso) Mycronic (MYCR SS) - Q3 2026 (SEK): Sales 2.36bln (exp. 2.17bln), Order Intake 2.67bln (prev. 2.43bln Y/Y). Raises its FY26 Net Sales guidance to 9.75bln (prev. guided 9.25bln). (Mycronic) Pearson (PSON LN) - 9M Trading Update: Underlying Group revenue rose 5%, with growth accelerating to 6% in Q3. On track to deliver 2026 guidance. (Pearson) Relx (REL LN) - Trading Update: Underlying Revenue YTD +7%. Reaffirms its FY outlook. (Relx) Rentokil Initial (RTO LN) - Q3 Trading Update: Solid Q3 with group organic revenue growth of +3.4%. Expects to deliver FY26 profit in line with expectations. Share buyback of USD 200mln has been approved by the Board. Co. announces that the CFO is to step down. (Rentokil Initial) Sandvik (SAND SS) - Q3 2026 (SEK): Revenue 37.7bln (exp. 36.8bln), Orders 36.9bln (exp. 36.9bln). Affirms long-term targets. CEO: "Underlying demand in infrastructure was positive, driven by demolition and recycling, a strategically important segment for Sandvik. Demand in mining remained good, while organic order intake declined year on year, due to tough comparables for major order." (Sandvik) Thales (HO FP) - 9M 2026 (EUR): Total Sales 16.42bln (prev. 15.26bln Y/Y), Order Intake 19.12bln (prev. 16.76bln Y/Y). Expects FY26 organic sales growth at the upper end of its +6-7% range and potentially beyond. Co. booked 11 ⁠major orders exceeding EUR 100mln each in Q3, including an agreement with Eutelsat (ETL FP) to supply government ⁠payloads for the EU's planned communications constellation. (Thales) Yara (YAR NO) - Q3 2026 (USD): Revenue 4.48bln (exp. 4.46bln), Adj. EBITDA 675mln (exp. 800.8mln). CEO: "Yara's energy flexibility has been a key strength and will remain even more so, with the acquisition of Gulf Coast Ammonia significantly reducing our European energy exposure upon closing." (Yara) EssilorLuxottica (EL FP) upgraded to Buy from Hold at Deutsche Bank