02 11 EU PRE OPEN

Source: TradingView, GAIN Capital

Ryanair, an airline group, posted 1H loss after tax of 197 million euros, compared with a profit after tax of 1.15 billion euros in the prior-year period, and revenue declined 78% on year to 1.18 billion euros. Passenger was down 80% to 17.1 million. The company stated: "The Group expects to carry approx. 38m passengers in FY21, although this guidance could be further revised downwards if EU Govts continue to mismanage air travel and impose more uncoordinated travel restrictions or lock downs this winter. The Group expects to record higher losses in H2 than in H1."

Associated British Foods, a food processing and retailing company, said it expects a loss of 375 million pounds due to the restrictions imposed by U.K. and European governments.

GVC, a sports-betting and gaming group, reported that it sees a negative impact of 37 - 43 million pounds on EBITDA caused by further Covid-19 restrictions across the U.K. and European countries.

Rolls-Royce, is planning to sell its diesel and gas engine business Bergen, which may be valued at 100 million pounds, according to the Sunday Telegraph.


#GERMANY#
Siemens Healthineers, a medical technology group, announced that 4Q net income dropped 15% on year to 432 million euros and adjusted EBIT fell 20% to 626 million euros on revenue of 3.88 billion euros, down 6.4% (-2.0% on a comparable basis). The company sees a full-year 2021 adjusted EPS of 1.58 - 1.72 euros (full-year 2020: 1.59 euros) and a comparable revenue growth of 5% - 8%. Meanwhile, the company proposed an unchanged dividend of 0.80 euro per share.


#FRANCE#
Sanofi, a pharmaceutical giant, said it has agreed to acquire clinical-stage biopharmaceutical company Kiadis for 5.45 euros per share, representing an aggregate adjusted equity value of 308 million euros.


#BENELUX#
Unibail-Rodamco-Westfield, a commercial real estate company, posted 9-month adjusted recurring EPS declined 30.4% on year to 6.57 euros on net rental income of 1.53 billion euros, down 17.2% (-15.3% like-for-like growth). The company expects a full-year adjusted recurring EPS of 7.20 - 7.80 euros.


#SWITZERLAND#
Nestle, a food and drink processing conglomerate, announced the acquisition of U.S. prepared meal delivery services provider Freshly for 950 million dollars, with potential earnouts up to 550 million dollars contingent to the successful growth of the business.

Novartis, a pharmaceutical group, said a phase 4 study of Aimovig in patients with episodic and chronic migraine met its primary and secondary endpoints.


EX-DIVIDEND
ASML Holding: E1.2