Thales, Dassault Systmes, Michelin, Atos, Orpea, Heineken, Microsoft, Mercedes…

Chief Editor

1906

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Because financial information is consumed like pastries, hot and at breakfast time, Anthony Bondain gets up at dawn to serve you the Morning Meeting every morning.
A financial journalist and stockbroker for more than two decades, an inimitable editorialist and phlegmatic leader, he is editor-in-chief of ZoneBourse.

Every morning, the Zonebourse team collects and summarizes key information concerning listed companies around the world, to have access to the main news at the start of the stock market day. The content includes a section on France and the other on the main international markets, in particular American companies and those in large European markets (UK, Germany, Switzerland, Italy, Spain) and Asia-Pacific.

In France

Company results (indications are given immediately and do not prejudge the direction of actions)

  • Atos: The operating margin will be at the bottom of a 3 to 5% range this year.
  • Dassault Systèmes: The publisher raises its profit forecast for the year, after a record quarter.
  • BioMérieux: The group anticipates 2022 results within the upper limit of its forecasts.
  • Michelin: The tire manufacturer is revising its cash flow outlook downwards.
  • Nexans: The 2022 forecasts have been raised.
  • Sodexo: The group sees its revenue and margins return to 2019 levels in 2023.
  • Thales: Revenues and orders exceed expectations.
  • Vinci: Revenue rose sharply in Q3 thanks to concessions, which benefited from a favorable base.

Important (and less important) announcements

  • Tavares (Stellantis) reiterates his criticisms against the Euro 7 standard.
  • Saint-Gobain has signed a 10-year renewable electricity purchase agreement with TotalEnergies for its 145 industrial sites in North America.
  • TotalEnergies partners with Casa dos Ventos in Brazil to develop a 12 GW renewable energy portfolio.
  • Orpea launched an amicable conciliation procedure with the Commercial Court of Nanterre, to restructure its debt, part of the covenants of which is at risk from the end of the year.
  • Gaztransport & Technigaz unveils its innovative concept of a three-tank LNG carrier.
  • Julie Burguburu leaves Eutelsat for TF1, where she will become general secretary.
  • McPhy signs a maintenance contract with Siemens Energy.
  • Riber receives a search MBE machine command.
  • Omer-Decugis acquires a logistics platform in Avignon.
  • Genfit will announce “compelling” results for its NASH diagnostic technology, NIS2+, at the AASLD Liver Meeting.
  • Novacyt obtains UK approval for its genesig SARS-CoV-2 Winterplex 3-Gene test panel.
  • Other publications of the day: Soitec, Alten, OVH, Nexity, Bureau Veritas, Synergie, Adocia, Tarkett, Transition Evergreen, SMCP, Fountaine Pajot, La Française de l’Energie, Europlasma, Mersen, SMCP, Infotel, Verimatrix, Solocal…

In the world

Company results (indications are given immediately and do not prejudge the direction of actions)

  • Alphabet: The title lost 7% off session after disappointing results.
  • ASM International: The group exceeds its revenue forecast for the third quarter but is cautious about the impact of the sanctions targeting China.
  • Barclays: Profit up slightly in the third quarter thanks to the increase in fixed income.
  • BASF: Q3 revenue plunges 28% due to Nord Stream 1 writedowns.
  • Bristol-Myers Squibb: Q3 results are lower than expected.
  • Deutsche Bank: The establishment has more than quintupled its quarterly profit.
  • Heineken: Q3 revenue jumped on strong post-covid rebound in Asia-Pacific.
  • Iberdrola: Nine-month net profit increased by 29%.
  • Mattel: The title lost 5.5% off session after a disappointing publication.
  • Mercedes: The group raises the sales growth prospects of its automotive division to 13-15%.
  • Microsoft: The title lost 7% off session after disappointing results (hello Alphabet).
  • Puma: The German company confirms its operating profit forecast for the full year after the results of the 3rd quarter.
  • Reckitt: Q3 revenue is up 14%.
  • SK Hynix: The Korean is cutting back on its investments after disappointing results.
  • Standard Chartered: Q3 pre-tax profit came out at $1.42bn, above expectations.
  • Texas Instruments: The stock lost 5% off session after a disappointing outlook.
  • Uniper: Adjusted EBIT shows losses of €4.8 billion over nine months.
  • WPP: The advertising group announces a 3.8% increase in its adjusted turnover in the third quarter.

Important (and less important) announcements

  • The DAX will lose its main representative, Linde, who will concentrate on its listing in the United States.
  • Green light subject to conditions from Brussels to the takeover of Swedish Match by Philip Morris.
  • Rio Tinto reiterates its offer of $3.3 billion for Turquoise Hill.
  • Musk is expected to close the deal on Twitter by Friday according to Bloomberg News.
  • Shell will explore carbon transport and storage opportunities in Brunei and Singapore.
  • Telefonica and Liberty Global are reportedly considering selling shares of their towers branch in the UK.
  • The Della Valle family fails to meet Tod’s 90% goal.
  • Mobileye (Intel) valued at $17 billion before its IPO on the New York Stock Exchange scheduled for Wednesday, according to the WSJ.
  • Inditex (Zara) will sell its stores in Russia.
  • The Gap is removing Yeezy Gap products from stores.
  • Medtronic will separate from two companies as part of its restructuring.
  • Main publications of the day: Microsoft, Meta Platforms, Thermo Fisher, Bristol-Myers Squibb, Boeing, Daimler, Iberdrola, Heineken, Reckitt, Dassault Systèmes, Banco Santander, BASF… The whole agenda here.

Readings

Zonebourse.com 2022

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