Stock market: stocks to follow in Paris and Europe – 01/25/2023 at 08:36

PARIS, January 25 (Reuters) – The stocks to follow on Wednesday on the Paris Stock Exchange and in Europe:

* ALSTOM ALSO.PA reported on Wednesday an 8% increase in quarterly sales, thanks to strong orders in Europe.

* ATOS ATOS.PA announced on Tuesday that it had entered into exclusive negotiations with Mitel Networks to sell its unified communications and collaboration services business.

* EIFFAGE FOUG.PA – The motorway company APRR, a subsidiary of Eiffage, recorded consolidated revenue of 2.82 billion euros in 2022, representing growth of 9.7% over one year.

* BNP PARIBAS BNPP.PA pledged on Tuesday to reduce its outstanding financing to the oil extraction and production sector to less than one billion euros by 2030, i.e. a decrease 80% from the current level.

* STELLANTIS STLA.MI announced on Tuesday the recall of 76,000 hybrid minivans due to a short circuit problem which could be the cause of the vehicles’ unexpected engine shutdown.

* ASML ASML.AS – The Dutch semiconductor equipment maker reported better-than-expected quarterly results on Wednesday and said it expects sales to grow by more than 25% in 2023.

* GIVAUDAN GIVN.S – The Swiss fragrance and flavor maker reported better-than-expected results on Wednesday despite a full-year financial year marked by rising production costs and supply chain disruptions.

* LONZA LONN.S – The Swiss pharmaceutical group announced on Wednesday a plan to buy back shares of two billion Swiss francs (1.98 billion euros), an increase in the dividend paid to shareholders and a confirmation of its forecasts for long-term growth, despite an expected decline in profit margin this year.

* GAM GAMH.S – The Swiss financial group announced on Wednesday that it anticipates a net loss after tax of approximately 309.9 million Swiss francs (307.8 million euros) for the whole of the 2022 financial year due to a contraction in the value of its assets under management.

* The European Commission wants to reduce red tape and costs to boost the deployment of 5G by Deutsche TELEKOM DTEGn.DE, ORANGE ORAN.PA, TELECOM ITALIA TLIT.MI and other telecom operators in the Union, shows a document of the European executive consulted by Reuters.

* VALLOUREC VLLP.PA announced the signing of a three-year agreement with the Brazilian group Petrobras for the supply of OCTG tubes.

* MCPHY ENERGY MCPHY.PA reported annual revenue of €16.0 million, up 22% from 2021.

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

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