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Event / Equity

Espresso | ABB | Buy | Narrative and buyback underpin the shares by Kepler Cheuvreux
Espresso | Italgas | Buy | Q1 results slightly above estimates by Kepler Cheuvreux
Espresso | XIOR | Buy | Guidance reiterated although uncertainties prevail by Kepler Cheuvreux
Espresso | Telenet | Buy | Outlook slightly lowered by Kepler Cheuvreux
Espresso | Beneteau | Hold | Stormy seas ahead by Kepler Cheuvreux
Espresso | Carlsberg | Hold | Q1 more resilient than expected by Kepler Cheuvreux
Espresso | BASF | Hold | Q1 results a clear beat, but Q2 by Kepler Cheuvreux
Espresso | Norwegian Finans Holding | Buy | Solid beat driven by NII, loan losses in line by Kepler Cheuvreux
Espresso | Norwegian Property | Buy | Q1: Cancels first quarter DPS by Kepler Cheuvreux
Espresso | KPN | Buy | Solid start, but uncertainty remains by Kepler Cheuvreux
Espresso | Nemetschek | Hold | Solid start to the year by Kepler Cheuvreux
Espresso | Lundin Mining | Buy | First take: As expected, hurt by temporary price adjustments by Kepler Cheuvreux
Espresso | Andritz | Hold | Operating profitability decreases, guidance remains suspended by Kepler Cheuvreux
Espresso | Swisscom | Reduce | Ok start to year, outlook unchanged but uncertainty remains by Kepler Cheuvreux
Espresso | Holmen | Buy | Proven robustness and stability by Kepler Cheuvreux
Espresso | Polarcus | Reduce | Solid Q1 contrasts with core fleets coverage of only 35% for rest of 2020 by Kepler Cheuvreux
Espresso | Corbion | Buy | Q1 is blowout. FY outlook confirmed by Kepler Cheuvreux
Espresso | Takkt | Buy | Q1 already impacted as expected by Kepler Cheuvreux
Espresso | Lundin Energy | Buy | Q1 first take by Kepler Cheuvreux
Espresso | Clariant | Buy | Q1 2020 results by Kepler Cheuvreux
Espresso | Cyan | Buy | FY 2019 results and 2020 guidance by Kepler Cheuvreux
Espresso | Storebrand ASA | Hold | Better solvency than expected by Kepler Cheuvreux
Espresso | Fugro | Buy | Awaiting the storm by Kepler Cheuvreux
Espresso | Valora | Reduce | April food service -70%, increases lending facility, covenants waived by Kepler Cheuvreux
Espresso | Wacker Chemie | Hold | Solid start to the year by Kepler Cheuvreux

Espresso | Orsted | Reduce | Foreigner in a foreign land by Kepler Cheuvreux
Espresso | Krones | Reduce | Gloomy Q2/Q3 ahead by Kepler Cheuvreux
Espresso | Deutsche Borse | Hold | Very strong Q1: 2020 outlook and 2019 dividend proposal confirmed by Kepler Cheuvreux
Espresso | Imerys | Buy | Q1 conference call feedback by Kepler Cheuvreux
Espresso | Unibail-Rodamco-Westfield | Buy | Q1 trading update by Kepler Cheuvreux
Espresso | Entra | Buy | Q1: continuing YOY NAV growth of 6% by Kepler Cheuvreux
Espresso | Safran | Hold | Limited upside post Q1 release by Kepler Cheuvreux
Espresso | Aker Solutions | Buy | Underlying Q1 in line, no major surprises in guidance by Kepler Cheuvreux
Espresso | BE Semiconductor | Hold | Order intake continues to improve by Kepler Cheuvreux
Espresso | Korian | Buy | Q1 sales +3.7% LFL, no guidance, no dividends by Kepler Cheuvreux
Espresso | Sparebanken MÃ¸re | Reduce | Q1 reaction: Trading losses, impairments surprise positively by Kepler Cheuvreux
Espresso | Salmones Camanchaca | Buy | Q1: softer than expected by Kepler Cheuvreux
Espresso | Tenaris | Hold | Robust Q1, impairment, dividend suspension, bearish Q2 by Kepler Cheuvreux
Espresso | Solutions 30 | Buy | Defensive growth profile by Kepler Cheuvreux
Espresso | Fuchs Petrolub | Hold | Solid Q1, but warning on Q2 by Kepler Cheuvreux
Espresso | Vossloh | Buy | Solid Q1 results, Locomotives approval removes downside risk by Kepler Cheuvreux
Espresso | Kerry Group | Reduce | Q1 disappoints, outlook withdrawn by Kepler Cheuvreux
Espresso | Nokia | Buy | Improving results in Q1 by Kepler Cheuvreux
Espresso | Atresmedia | Buy | Stronger Q1 EBITDA by Kepler Cheuvreux
Espresso | Orange | Buy | Reassuring Q1 by Kepler Cheuvreux
Espresso | Melexis | Hold | Feedback from Q1 conference call by Kepler Cheuvreux
Espresso | Umicore | Hold | Full-year EBIT guidance suggests further cuts to consensus by Kepler Cheuvreux
Espresso | Geberit | Reduce | Margins better than expected in Q1, market visibility still very low by Kepler Cheuvreux
Espresso | Suez | Reduce | Q1 trading update by Kepler Cheuvreux
Espresso | Proximus | Hold | Guidance unchanged by Kepler Cheuvreux

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