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    VPLAY B   SE0012116390

VIAPLAY GROUP AB (PUBL)

(VPLAY B)
  Report
Delayed Nasdaq Stockholm  -  11:29 2022-09-23 am EDT
241.50 SEK   +0.21%
09/22Viaplay and Dag Johan Haugerud partner for `Sex Dreams Love' film trilogy
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09/13Viaplay names `Veronika' with Alexandra Rapaport as latest Original
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09/13Viaplay Names ‘Veronika' with Alexandra Rapaport as Latest Original
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Strong results lift Europe's STOXX 600; ECB hikes rates 50 bps

07/21/2022 | 03:24am EDT

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window)

* Italian banks cut losses to 2.9%

* Russian gas flow resumes via Nord Stream 1

* ASMI jumps on 'rock-solid' orders, consensus-beating outlook

July 21 (Reuters) - Europe's STOXX 600 share index rose on Thursday, boosted by a run of upbeat corporate results although gains were limited as investors digested an oversized ECB interest-rate hike amid growing worries about a recession.

In its first rate hike in 11 years, the European Central Bank lifted interest rates to zero percent, breaking its own guidance for a 25 basis point increase to tame inflation running at a record high of 8.6%.

However, the central bank did not provide guidance for its expected rate hike in September, saying only that further increases will be as appropriate and decisions will be made meeting by meeting.

"Today's decision shows that the ECB is more concerned about (their) credibility than about being predictable. This matters more than forward guidance," said Carsten Brzeski, global head of macro at ING.

"We expect the ECB to deliver another rate increase by a total of 50 bps before winter starts. Thereafter, we currently don't expect further rate hikes. Instead of a long rate hike journey, the ECB's policy normalisation currently rather looks like a short trip."

The broader-pan European STOXX 600 index closed 0.4% higher after seesawing earlier in the session in the aftermath of the ECB's decision and President Christine Lagarde's presser.

In a bid to cushion the impact of the rise in borrowing costs on the 19-country currency bloc's more indebted nations, the ECB also unveiled a new tool, the Transmission Protection Instrument, to limit financial fragmentation.

Italian banks pared losses to end 2.9% lower. They had fallen up to 7.2% earlier in the day after Prime Minister Mario Draghi resigned, pushing the country into fresh political turmoil.

An early election in September or October will be the most likely outcome. Italy's benchmark FTSE MIB index which had dropped almost 3% earlier in the day, closed 0.7% down.

Some relief on Thursday came from easing worries over an energy supply crunch, as Russian gas flows resumed through Nord Stream 1, the biggest pipeline between Russia and Germany.

Worries about an energy supply crunch in Europe, a weaker euro and prospects that aggressive monetary policy tightening to curb soaring inflation could spark a global recession have rattled markets, with the STOXX 600 down 13% this year.

Viaplay Group jumped 11.1% after the Swedish media group posted upbeat quarterly earnings and subscriber numbers.

ASM International surged 14% to top the STOXX 600 after the Dutch semiconductor supplier flagged new orders at a record high as it published results in line with its forecast, despite lingering supply-chain issues.

Publicis gained 5.1% after the world's third-biggest advertising group raised its full-year outlook. (Reporting by Susan Mathew and Devik Jain in Bengaluru; Editing by Subhranshu Sahu and Arun Koyyur, Kirsten Donovan)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ASM INTERNATIONAL N.V. -0.16% 246.6 Real-time Quote.-36.56%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.21% 0.67551 Delayed Quote.5.74%
BRITISH POUND / EURO (GBP/EUR) -2.03% 1.09119 Delayed Quote.-3.78%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.17% 0.761545 Delayed Quote.8.34%
FTSE MIB INDEX -3.36% 21066.55 Delayed Quote.-22.97%
INDIAN RUPEE / EURO (INR/EUR) -0.04% 0.01269 Delayed Quote.6.31%
INTESA SANPAOLO S.P.A. -4.75% 1.764 Delayed Quote.-22.43%
MSCI ITALY (STRD) -4.51% 209.349 Real-time Quote.-30.53%
PUBLICIS GROUPE SA -1.61% 48.82 Real-time Quote.-17.53%
STOXX EUROPE 600(EUR)(TR) -2.34% 899.39 Delayed Quote.-18.14%
STOXX ITALY 20 (EUR) -3.44% 954 Delayed Quote.-21.77%
STOXX ITALY 45 (EUR) -3.36% 94.98 Delayed Quote.-22.98%
STOXX ITALY TMI (EUR) -3.26% 96.29 Delayed Quote.-23.79%
UNICREDIT S.P.A. -4.02% 10.798 Delayed Quote.-20.27%
US DOLLAR / EURO (USD/EUR) 0.33% 1.036055 Delayed Quote.15.56%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.65% 56.5 Delayed Quote.-20.07%
VIAPLAY GROUP AB (PUBL) 0.21% 241.5 Delayed Quote.-48.53%
All news about VIAPLAY GROUP AB (PUBL)
09/22Viaplay and Dag Johan Haugerud partner for `Sex Dreams Love' film trilogy
AQ
09/13Viaplay names `Veronika' with Alexandra Rapaport as latest Original
AQ
09/13Viaplay Names ‘Veronika' with Alexandra Rapaport as Latest Original
CI
09/09Viaplay's `In the Name of Love' brings together star Norwegian cast
AQ
09/07Lena Philipsson to star in Viaplay's `The Street Where I Live'
AQ
08/25Abid Raja's `My Fault' enters development as major Norwegian Viaplay Original
AQ
08/16Viaplay's latest investment in Danish original content is `Call Me Dad'
AQ
08/12Erling Haaland and Viaplay enter multi-market partnership
AQ
08/02Viaplay and Camilla Läckberg open `The Beach Hotel' as latest Original
AQ
07/27Save the date for Viaplay Group's Capital Markets Day
AQ
More news
Analyst Recommendations on VIAPLAY GROUP AB (PUBL)
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Financials
Sales 2022 16 308 M 1 449 M 1 449 M
Net income 2022 680 M 60,5 M 60,5 M
Net Debt 2022 376 M 33,5 M 33,5 M
P/E ratio 2022 26,9x
Yield 2022 -
Capitalization 18 890 M 1 679 M 1 679 M
EV / Sales 2022 1,18x
EV / Sales 2023 1,01x
Nbr of Employees 1 302
Free-Float 99,2%
Chart VIAPLAY GROUP AB (PUBL)
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Technical analysis trends VIAPLAY GROUP AB (PUBL)
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 8
Last Close Price 241,50 SEK
Average target price 493,13 SEK
Spread / Average Target 104%
EPS Revisions
Managers and Directors
Anders Ytrup Jensen President & Chief Executive Officer
Enrique Patrickson Chief Financial Officer & Executive Vice President
Pernille Lyngvold Erenbjerg Chairman
Philip Wågnert Chief Technology & Product Officer, Executive VP
Simon Patrick Duffy Independent Non-Executive Director
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