Analysis: Stocks

Grifols: Improving profitability and FCFs relieve investors

Earnings/sales releasesThe Q2 profitability was somewhat ahead of consensus, and the firm maintained its full-year guidance. Improving profitability and free cash flows, despite FX headwinds, were the...

Three European companies exposed to electrification

The return to grace of stocks related, whether directly or indirectly, to artificial intelligence has lowered the entry price for several electrification plays. It's hence the right time to revisit...

Kering: Gucci improves, margins rebuild confidence

Earnings/Sales releases Kering delivered a very encouraging H1 26, with Q2 revenue and H1 profitability comfortably ahead of expectations. Group revenue returned to growth after 11 consecutive...

DWS: DWS goes with the flow

Earnings/Sales releasesWhile overall, second quarter results were mixed, net new money accelerated sharply. Operationally, DWS continues to deliver, absorbing a 6% sequential drop in revenue driven by...

GTT: Good order book, GTT lifts its ten-year LNG carrier estimate to 550

Earnings/Sales releases GTT's first half 2026 brings no surprise on the headline numbers: revenue and EBITDA both come in stable, and commercial activity stays firm with 65 orders. The point that...

Caixabank: Profit taking

Earnings/Sales releasesThe underlying performance was in line with expectations, thus enabling the management to reiterate its RoTE guidance. In our view, today’s sell-off is driven by profit taking...

Ebro Foods: A resilient half despite pressure

Earnings/Sales releases Ebro Foods reported resilient H1 results despite challenging operating conditions. Group EBITDA-A declined; however, the Rice segment performed well despite record-low prices....

Alten: Back in the Green !

Earnings/Sales releases Alten delivered an impressive H1 2026, returning to Organic Growth with a clear Q2 acceleration . Momentum was led by aerospace and défense, with France and Southern Europe...

Teradyne: AI is filling order book, but pace already starting to shift

Teradyne has just delivered a report that leaves little doubt about the strength of the current cycle. The semiconductor test equipment specialist beat expectations in Q2, issuing guidance well above...

Virbac, without the alibi

The world's sixth-largest veterinary lab, France-based and in the hands of its founder's family since 1968, Virbac sells antiparasitics, vaccines and nutrition products for companion animals and...

UBS: Still ahead of plan

Earnings/Sales releases UBS is successfully executing the final stage of its Credit Suisse integration and maintaining its upward momentum with a solid year-on-year quarter, driven by investment...

Standard Chartered: Reaffirmed confidence in future profitability recovery

Earnings/Sales releases The group posted a strong, albeit not fully sustainable, set of results, boosted by a low tax rate and a benign cost of risk. The management reiterated its 2026 and 2028 RoTE...

Danone: Top-line beat masks mixed quality

Earnings/Sales releases Danone reported a robust H1 performance, with significant Q2 acceleration, surpassing expectations. However, the underlying picture is slightly less favourable than the...

Presight AI Chases International Growth

Presight AI Holding PLC continues to land new business and is expanding overseas, although investors are waiting for proof that growth can translate into stronger returns.

Yamaha is Struggling to Find the Right Gear

Yamaha Corporation is showing signs of recovery, although the stock's next move depends less on demand and more on management's delivery.

RWE: Strong H1 26 and raised guidance, though Amprion's reporting shift warrants a closer look

Earnings/Sales releases RWE posted solid H1 26 results, boosted by Offshore Wind and Flexible Generation, and c.€100m one-off on Trading and Supply. This lifts 2026E EPS guidance by €0.40 and...

Mercedes-Benz Group: Soft Q2 beat, FY26 revenue guidance trimmed on China weakness

Earnings/Sales releasesMercedes reported subdued Q2 2026 results. Car profitability was hit by a significant China impairment, though the adjusted margin beat expectations. Tariffs, sharp China...

Deutsche Bank: Strong set of results

Earnings/Sales releases The group posted a strong set of results. This is largely attributable to stronger investment banking revenues, but all the other divisions also posted stronger-than-expected...

NXP: AI and software-defined vehicle momentum drive structural growth

Earnings/Sales releasesNXP delivered another strong quarter, exceeding guidance on revenue, margins, and earnings as both its company-specific growth drivers and core businesses accelerated. The...