Analysis: Stocks

Reckitt Benckiser Group: Q2 26: Broad-based acceleration confirms the reset is delivering

Earnings/Sales releasesReckitt delivered a strong Q2 26, with revenue and margin ahead of consensus and broad-based acceleration across Core Reckitt and MJN. Growth became more balanced between volume...

Rio Tinto: Strong H1 with more diverse earnings being the key highlight

Earnings/Sales releasesAmid various uncertainties, Rio reported strong H1 results, which were also ahead of street expectations. However, unlike prior periods, Iron Ore was strong but also subject to...

Remy Cointreau: Stabilizing without recovering

Earnings/Sales releases Rémy Cointreau reported slightly above expectations for Q1, driven by Cognac and stronger sell-out compared to sell-in. However, the momentum remains on consolidation rather...

Nexi: Toward the end of restructuring

Earnings/Sales releasesThe reported growth was flat, but underlying revenues grew by 5%, and the group continued converting them into Cash. Nexi used a strong Cash position to pay down Debt,...

Sage: First AI crumbs on a solid plate

Earnings/Sales releases Sage delivers a flawless trading update, posting 10% organic growth over the first nine months, driven by a fourth consecutive quarter of sequential acceleration. Intacct...

BASF SE: Balance sheet improves for BASF

Earnings/Sales releasesBASF reported strong Q2 2026 gains driven by war-led pricing and volumes in core businesses. Surface Technologies benefited from metals trading, while Nutrition likely...

Solvay: Dark clouds yet to dissipate

Earnings/sales releases Solvay's Q2 results gained market appreciation; however, underlying uncertainties remain. Soda ash continues to face pricing pressure from Chinese oversupply, though a mid-term...

Nordex SE: Effective execution bolsters Nordex's story; shares reasonably priced after recent consolidation

Earnings/Sales Releases Nordex's Q2 results demonstrated consistency in its execution as both Sales and Ebitda surpassed expectations. Orders, disclosed earlier, point to a cautious return to the...

Ferrovial: Ferrovial profits beat as toll prices rise, but traffic stalls

Earnings/Sales releases Ferrovial is owned for two reasons: traffic growth and pricing power on North American toll roads. In Q2, pricing delivered the beat while traffic stopped helping. The...

ASM International: Semiconductor investment cycle lifts long-term growth outlook

Earnings/Sales releasesASM delivered another record quarter, surpassing €1 billion in quarterly revenue for the first time while maintaining industry-leading profitability. Strong demand from...

Hermes International: Exceptional margins, fading excitement

Earnings/Sales releases Hermès delivered a mixed H1 26. Q2 sales were broadly in line with consensus, while the operating margin exceeded expectations at 41.0%. However, beyond another impressive...

Sopra Steria Group: The worst years are behind us

Earnings/sales releases Sopra Steria delivered a strong first half across the board. Growth has clearly returned and is broad-based, driven by strategic verticals such as défense, aerospace, and...

Legrand: Continued strong Datacentre growth drives an organic guidance upgrade

Earnings/Sales Releases Legrand once again delivered a surprise on the top line, accompanied by resilient profitability that has come to define its business model. datacentres remain the cornerstone...

Intesa Sanpaolo: Affirmed superiority ahead of the start of the offer on MPS

Earnings/Sales releasesThe group posted a strong set of results, enabling the management to marginally upgrade its full-year net profit guidance, thus sending a positive signal ahead of the launch of...

Snam: HY 26 delivers, guidance holds, net debt improves

Earnings/Sales releases Solid H1 26, broadly in line. Ebitda reached €1,572m, up €80m YoY, driven mainly by higher regulated revenues in Gas Infrastructure, chiefly Transport and Storage Rab....

Krones: Resilient demand supports a steady outlook

Earnings/Sales releasesKrones delivered a broadly in-line 2Q26, with resilient order intake. The unchanged outlook is supportive, although stronger backlog conversion remains necessary in the second...

Nexans: 1H26: A guidance upgrade? We think not

Earnings/Sales releases Nexans has published solid results. In our view, the guidance is effectively unchanged, despite management's comments to the contrary, as the increase mainly reflects the...

Kerry Group: Strong volumes support a clearer outlook

Earnings/Sales releases Kerry's H1 results indicate that its strategy is gaining traction, evidenced by stronger volume momentum, broad regional progress, and sustained margin delivery despite subdued...

ENI: Eni raises guidance after a quarter led by upstream and LNG

Earnings/Sales releases Upstream fully captures the Brent premium tied to the Hormuz crisis, the launch of the Searah joint venture with Petronas reshapes the growth profile in Southeast Asia, and...