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OFFON

GLOBAL MARKETS LIVE: Campbell Soup, Adidas, Pfizer….

03/10/2021 | 10:53am EDT

Today we have results from companies including Adidas and Just Eat Takeaway. The EU will receive an extra four million doses of Pfizer/BioNTech vaccine in March. Disney is considering reopening its California theme park.

Oracle, Inditex, Adidas, Geberit, Just Eat Takeaway, Prada, Prysmian, Somfy, Neoen and Balfour Beatty are among companies reporting their results today.

Adidas: the group is targeting a gross margin of 52% this year, in line with market expectations, but an operating margin of 9 to 10%, for a consensus of 10%. The dividend is stronger than expected at EUR 3.

Campbell Soup has reported results for its fiscal second quarter 2021, delivering adjusted earnings per share of 84 cents. Sales rose 5% to $2.28 billion

Geberit: despite lower sales in 2020, Ebitda has risen, above market expectations. A dividend of CHF 11.40 is proposed. This year, the group expects high margins and strong cash flow, without quantifying them.

Industria de Diseño Textil (Inditex): 2020 results are below expectations. A dividend of EUR 0.70 will be proposed.

Just Eat Takeaway: 2020 adjusted Ebitda reached EUR 256m, up 18% and above market expectations. Revenues are in line with expectations at €2.4bn. This year, order growth is expected to increase, the company simply announced.

Leonardo: the Italian aerospace and defense group suffered a 70% contraction in net profit in 2020, to €243 million, below market expectations. This year, revenues are expected to be between €13.8 and €14.3 billion, and Ebitda between €1.07 and €1.12 billion.

Salvatore Ferragamo: the luxury group is in a net loss of €72 million in 2020, due to the pandemic which has cut revenues by 33.5%. This year, growth is expected to return.

The White House is set to double its vaccine order from Johnson & Johnson to 200 million doses, Bloomberg revealed.

The Walt Disney Company hopes to reopen its California park by the end of April. In addition, the Disney+ video service has more than 100 million subscribers worldwide.

Pfizer and BioNTech could produce 3 billion doses of vaccine by 2022. The European Commission will receive an additional four million doses of Pfizer/BioNTech vaccine over the next two weeks. These doses will be in addition to the planned doses.

LG Chem is reportedly looking for a site to produce new batteries for Tesla in Europe or the United States, according to Reuters.

SoftBank injected $400 million into Greensill several months before its collapse, according to the Wall Street Journal.

Signify and BE Semiconductor are entering the AEX at the expense of Galapagos and ABN Amro.

Curaleaf will buy Emmac Life Sciences for $285 million.

The FDA agrees to review Idorsia's application for daridorexant.


© MarketScreener.com 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADIDAS AG -1.63% 287.1 Delayed Quote.-2.03%
AEX -2.08% 719.63 Real-time Quote.17.66%
AEX ALL-SHARE -1.99% 1030.56 Real-time Quote.16.20%
BALFOUR BEATTY PLC -0.59% 302.6 Delayed Quote.12.88%
BE SEMICONDUCTOR INDUSTRIES N.V. -2.74% 69.64 Real-time Quote.44.41%
BIONTECH SE -0.83% 212.42 Delayed Quote.162.76%
CAMPBELL SOUP COMPANY -0.92% 45.27 Delayed Quote.-5.50%
CURALEAF HOLDINGS, INC. -1.79% 16.5 Delayed Quote.10.24%
GEBERIT AG 0.18% 676.4 Delayed Quote.21.83%
IDORSIA LTD -0.31% 26.02 Delayed Quote.2.27%
INDITEX -2.40% 30.48 Delayed Quote.19.93%
JOHNSON & JOHNSON -1.96% 161.98 Delayed Quote.4.98%
JUST EAT TAKEAWAY.COM N.V. -1.37% 74.85 Real-time Quote.-17.87%
LEONARDO S.P.A. -2.46% 6.98 Delayed Quote.21.08%
LG CHEM, LTD. -1.56% 822000 End-of-day quote.-0.24%
LG CORP. -0.48% 103500 End-of-day quote.7.83%
NEOEN 0.45% 35.8 Real-time Quote.-38.22%
ORACLE CORPORATION -1.71% 76.23 Delayed Quote.19.89%
PFIZER, INC. -1.70% 38.81 Delayed Quote.7.25%
PRADA S.P.A. 1.17% 56 End-of-day quote.9.38%
PRYSMIAN S.P.A. -0.10% 29.02 Delayed Quote.-0.10%
SALVATORE FERRAGAMO S.P.A. 0.08% 19.145 Delayed Quote.20.62%
SIGNIFY N.V. -0.27% 51.58 Real-time Quote.49.78%
SOFTBANK GROUP CORP. -0.80% 7834 End-of-day quote.-2.78%
SOMFY SA 0.55% 145.8 Real-time Quote.4.62%
TESLA, INC. 1.09% 623.31 Delayed Quote.-12.62%
WALT DISNEY COMPANY (THE) -1.28% 172.42 Delayed Quote.-3.60%