Analysis: Stocks

SCA: In still tough markets, the Q3 beat matters

Earnings/Sales releases The Swedish Forestry giant sustained its sequential operational rebound – which kickstarted in Q2 – and exceeded street expectations. Even though Forest witnessed sizeable...

Volvo: Construction carries a mixed Q3, 2027 outlook rests on North America

Earnings/Sales releases Volvo’s Q3 missed on sales and EPS, beat marginally on adjusted EBIT and delivered strong FCF, though FX and tariff refunds more than account for the margin beat, with...

Sika hit by difficult market conditions and missed targets

The world's leading construction chemicals company published its Q3 results late last week.

Airbus Group: One group, two masters?

Latest After years of fighting Dassault over industrial control, Airbus is reportedly considering joining GCAP, where the key roles are already taken. The irony raises a bigger question: who is really...

Kering: Margin confidence takes a hit

Earnings/Sales releasesKering’s Q3 26 sales decelerated from Q2, broadly in line with consensus. Gucci sales fell 6% cFx versus a 2% decline in Q2. Weak Chinese traffic and normalising US demand...

GTT: GTT Q3: Revenue miss, but the LNG equity story is still there

Earnings/Sales releases GTT's quarterly revenue disappointed, with Marine contributing less than expected and delivery timing weighing on royalties. The company did not endorse the upper end of annual...

Galenica: Softer Q3, guidance confirmed

Earnings/Sales releases Galenica’s Q3 sales missed consensus by 2.0%, as an IT system migration at its wholesale business weighed on growth . Pharmacies remained the growth engine, gaining share on...

Galp Energia: Moeve collapse: Galp avoids becoming a holding company

Earnings/Sales releases Galp's sell-off following the collapse of the Moeve talks looks difficult to justify on that news alone. Our February analysis questioned the proposed shift towards a...

Fasten your seatbelts: hedges are running out

Latest US Majors published their Q3 and they provide valuable insights into the sector's dynamics ahead of the European carriers' earnings in next week. Fact Delta, United, American and Southwest...

Emaar Development's Record Sales Filled the Pipeline, Can Demand Keep Up?

The share price suggests investors still have a few unanswered questions.

Will the Hanes Integration Weave a Tailor-made Opportunity for Gildan?

A bigger T-shirt empire now comes with a bigger bill.

Vedant Fashions Limited has Mastered the Wedding Wardrobe

…but the market wants more reasons to celebrate.

Hermes International: Leather holds, broader demand weakens

Earnings/Sales releases Hermès’s Q3 26 sales missed consensus expectations, with growth slowing from Q2. Leather Goods remained resilient, but softer traffic weighed on several other categories,...

Mixed Q3 sales, better margins

Earnings/Sales releases Seb reported mixed sales in Q3 2026, with resilient Consumer organic sales offset by a sharp decline in Professional. The operating margin from activity improved more than...

Saab: Strong orders and cash flow mask Dynamics' weakness

Earnings/Sales releasesSaab delivered a solid Q3, with order intake 20% above consensus and organic sales growth of 30.6%, although EBIT remained in line. surveillance's strong performance offset a...

L'Oréal: Growth gets its glow back

Earnings/Sales Releases L’Oréal’s Q3 26 Sales Growth accelerated to 7.7%, exceeding consensus expectations and outpacing the global beauty market. Professional haircare, fragrances and recovering...

Munich RE: Munich Re: 3Q26 pre-release ahead of expectations, FY26 guidance raised

Earnings/Sales releases As in 2Q26, Munich RE has released preliminary 3Q26 results, which came in ahead of both our expectations and consensus, and has raised its FY26 net profit guidance. While the...

London Stock Exchange Group: Q3: Strong Q3, M&A broadens fixed income reach

Earnings/Sales releasesLSEG delivered strong Q3-26 results, with organic growth of 9% driven by Markets and accelerating subscription business . Management upgraded its 2026 guidance for the second...

Valeo: BRAIN Grows, POWER Drags, H2 Guidance Implicitly Trimmed

Earnings/Sales releases Valeo’s Q3 sales were modestly below company-collected consensus, driven by OEM sales, which underperformed production by a wider margin than in H1. BRAIN returned to growth...