(Updated with Renault, Richemont details)
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Change in futures on the CAC 40 0#FCE index:
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Variation of Stoxx 600 0#FXXP index futures:
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Securities that are traded ex-dividend .EX.PA
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Update on European .EUFR markets
PARIS, Jan 18 (Reuters) – The values to follow on Wednesday at the Paris Stock Exchange and in Europe where futures contracts indicate a slightly higher opening:
* The RENAULT RENA.PA group reported on Wednesday a 5.9% drop in global sales in 2022 due to chip shortages, its fourth consecutive year of declining volumes, but also an order portfolio record which gives him optimism for 2023.
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Renault-Global sales down 5.9% in 2022, record portfolio
* FNAC DARTY FNAC.PA announced on Tuesday that it estimates the drop in its 2022 sales at 1.2% in published data compared to 2021, while the annual current operating profit is estimated at nearly 230 million euros and the margin annual gross
at 30.3%.
* CONTINENTAL CONG.DE reported an adjusted profit margin of 5% in 2022, a performance that was at the bottom of its forecast, and sales of 39.4 billion euros, according to preliminary results published on Tuesday . The group yields 1.3% before the market.
* BASF BASFn.DE on Tuesday announced an annual net loss of 1.4 billion euros, weighed down by a depreciation of 7.3 billion euros largely linked to the departure of its subsidiary Wintershall Dea from Russia. The action fell 7.3% in pre-market according to Lang & Schwarz.
Furthermore, the German chemical group and ERAMET
ERMT.PA are finalizing a $2.6 billion partnership agreement to invest in a facility in Indonesia to process nickel used in electric vehicle batteries, Indonesian officials said.
* BURBERRY BRBY.L saw like-for-like sales growth slow sharply to 1% in the last three months of the year as COVID-19-related disruptions in China offset a better performance in Europe .
* RICHEMONT CFR.S published a lower-than-expected quarterly revenue increase due to the 24% drop in sales in mainland China.
* ASM INTERNATIONAL (ASMI) ASMI.AS – The Dutch semiconductor equipment maker reported fourth-quarter revenue of around 720 million euros on Tuesday, above its forecast range of 630 million to 660 million euros, linked in particular to the improvement of the situation in the supply chain.
* JUST EAT TAKEAWAY TKWY.AS reported a sharper-than-expected decline in orders in the fourth quarter, due to poor results from its US business, Grubhub.
* BARRY CALLEBAUT BARN.S – The Swiss chocolatier announced a 5.1% drop in sales volumes in the three months to the end of November, due to lower production at its largest factory.
* CAPGEMINI CAPP.PA – Barclays raises its recommendation to “overweight”.
THE FRANCE & INTERNATIONAL 7-DAY AGENDA:
(Written by Claude Chendjou and Laetitia Volga, edited by Kate Entringer)