Stock market: stocks to follow in Paris and Europe – 01/31/2023 at 09:05

PARIS, January 31 (Reuters) – The stocks to follow on Tuesday on the Paris Stock Exchange and in Europe where futures contracts:

* SEB SEBF.PA on Monday reported fourth quarter sales down 5.6% at constant exchange rates and perimeter, to 2.4 billion euros. The group also confirmed its operating margin target for 2022, now estimating that it would be at the high end of the range of 7.0% to 7.5%.

* ELIS ELIS.PA announced on Monday that it expects organic revenue growth of more than 10% in 2023 after recording record revenue in 2022 of 3.82 billion euros (+21.0% in organic).

* Swiss bank UBS UBSG.S posted better-than-expected quarterly profit growth on the back of lower costs but expects an “uncertain” year with inflation and rising interest rates.

* UNICREDIT CRDI.MI has pledged to return 5.25 billion euros to investors in respect of its annual results after recording a profit more than twice as high as expected over the October-December period.

* SWEDBANK SWEDa.ST reported a bigger-than-expected rise in net profit in the fourth quarter and proposed to increase its annual dividend.

* AMS AMS.S announced Monday the departure of its managing director, Alexander Everke, replaced by Aldo Kamper.

* TECHNIP ENERGIES TE.PA has announced that it has been awarded a detailed front-end engineering contract for the world’s largest low-carbon hydrogen project for ExxonMobil XOM.N in Texas.

* ORANGE ORAN.PA has announced the appointment of Jean-François Fallacher as Managing Director of Orange France from April 3, replacing Fabienne Dulac.

* VOLKSWAGEN VOWG_p.DE – Skoda Auto, the Czech subsidiary of the German automaker, has decided to cut production this week due to a shortage of chips, trade unions said on Monday.

* UBISOFT – Jefferies lowered its recommendation to “underperform” versus “buy” and its target price to 17 euros versus 52 euros.

* M6 MMTP.PA – Barclays lowered its recommendation to ‘underweight’ from ‘online weight’.

* TF1 TFFP.PA – Barclays raised its recommendation to “online weight” from “underweight”.

* FDJ FDJ.PA – HSBC lowers its recommendation to “lighten” against “hold”.

* WPP WPP.L – Barclays raised its recommendation to “overweight” versus “line weight”.

(Written by Claude Chendjou and Laetitia Volga, edited by Kate Entringer)

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