Thales, Technip Energies, Engie, Socit Gnrale, Vallourec, Logitech, Credit Suisse, Apple…

In France

Publications of the main results

• Thales: Ebit margin to hit at least 10.8% this year with 2% to 6% organic growth. A dividend of €2.56 is proposed.
• Technip Energies: 2021 results up sharply. The group is turning away from new opportunities in Russia, and 23% of the order book falls on this country. Management assesses the potential financial impact as ‘holdable’.

Important (and less important) announcements

• The participation of Société Générale in Russia reached 18.6 billion euros, or 1.7% of its assets and 2.7% of net income. The Group considers itself capable of withstanding an extreme event without jeopardizing its dividend.
• Engie’s credit risk is estimated at EUR 987 million for Nord Stream 2.
• Three NGOs have sued TotalEnergies for misleading commercial practices. At the same time, the group is investing “in responsible forest management in Southeast Asia.”
• Gecina signs two leases in Boulogne-Billancourt and Neuilly.
• Vallourec signs a contract with OneSubsea to supply repair risers to Equinor’s Bacalhau field in Brazil.
• Imerys completes the sale of certain kaolin assets in North America.
• Death of Jean-Pierre Pernot, former TF1 celebrity host.
• Deinove is excited to take advantage of the AGIR program.
• Drone Volt acquires Danish Viking drone.
• Agrogénération may have to postpone the publication of its financials due to the crisis in Ukraine.
• Neovacs invests in sorting and biotechnology.
• Voluntary buyout offer for €1.22 launched by Cecurity.
• Global Bioenergies, CGG, SergeFerrari, DBV Technologies have published their reports and/or their forecasts.

In the world

Publication of results

• Deutsche Lufthansa: Annual operating loss of €2.3bn is in line with expectations and lower than the previous year (€5.5bn).
• Logitech: Fiscal Year Ended March Targets Confirmed. In the next financial year, growth should be 5%, and Ebit should be between 900 and 950 million euros.
• Merck KGaA: EBITDA in 2021 increased to 6.1 billion euros, in line with analysts’ forecasts. Profits will continue to rise strongly this year.

Important announcements (and others)

• The German automotive trade association VDA said the war in Ukraine would hit the supply of components and materials hard.
• Credit Suisse has asked investors to destroy documents related to loans given to Russian oligarchs to finance yachts and planes, reports the Financial Times.
• The second Russian bank, VTB, may close its subsidiary in Europe, as well as Sberbank.
• Apple is expected to introduce a new cheaper iPhone on March 8th.
• Google and the French daily press sign a related rights agreement.
• Amazon will close its bookstores and other stores, but will strengthen its grocery stores.
• FTSE Russell will exclude Russia from its indexes.
• Telecom Italia will split into two parts.
• Roche participates in the Alzheimer’s Prevention Program.
• MSCI will deprive Russia of the status of an emerging market.
• Asos suspends sales in Russia.
• Severstal stops exporting steel to Europe.
• Evraz and Polymetal are leaving FTSE100 to be replaced by Endeavor Mining and Howden.
• Array Technologies is postponing its annual return filing.
• Elliot will control Mercury Systems.
• German wholesaler Metro still operates in Russia and Ukraine.
• Russian billionaire Roman Abramovich will sell the Chelsea football club and donate the proceeds to the victims of the war in Ukraine.
• Major publications of the day: Broadcom, Costco Wholesale, Merck KGaA, Marvell, Universal Music Group, CRH, Thales, Best Buy, Fortum, Evonik… The whole agenda is here.

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