Company news and results
Sonova, the hearing care solutions company, reported its first-half 2021/22 results. Group sales reached CHF 1.6bn, a two-year compound annual growth rate of 8.5%. Full-year guidance was unchanged:
Maintaining the outlook provided at the start of the financial year 2021/22, Sonova expects consolidated sales to increase by 24%–28% and adjusted EBITA to grow in the range of 34%–42% in 2021/22, both measured at constant exchange rates. The planned acquisition of the Sennheiser Consumer Division is not yet included in the outlook.
Diageo had a Capital Markets Day and increased its medium-term guidance:
New medium-term guidance: expecting organic net sales growth in a range of 5% to 7% and organic operating profit growth in a range of 6% to 9% for fiscal 23 to fiscal 25
Introducing ambition to achieve a 50% increase in total beverage alcohol (TBA) market value share, from 4% in 2020, to 6% by 2030
Expecting strong organic net sales growth of at least 16% in the first half of fiscal 22 and organic operating profit growth ahead of organic net sales growth
Chief Marketing Officer presentation:
Siemens Healthineers increased its midterm guidance:
Comparable revenue growth of 6 to 8 percent p.a. and adjusted EPS growth of 12 to 15 percent p.a. for fiscal years 2023 to 2025
Experian, the world's largest credit data company, reported its first-half results and increased the full-year guidance:
We expect progress to continue, and for the full year, we now expect organic revenue growth in the range of 11-13%, total revenue growth of 15-17% and strong EBIT margin accretion, all at constant exchange rates.
Sage, the enterprise software company, reported organic recurring revenue growth of 5.4% for their full fiscal year. The organic operating margin was 19.3%, in line with guidance.
Having reshaped and invested significantly in the Group over the last three years, we are now focused on growing the business in absolute terms, both organically and through acquisitions
Royal Unibrew issued a trading statement for the third quarter of the year. Organic revenue growth was 6%. EBIT margin was negatively impacted by cost inflation, mix and M&A. They maintained the full-year guidance of DKK 1,625-1,700 million EBIT.
Nestlé hosted a virtual investor seminar on their digital transformation:
Prada hosted a Capital Markets Day and provided medium-term financial targets:
Revenue target of about 4.5 billion EUR
EBIT margin target of about 20% of total revenues
Double online penetration to 15% of retail revenues
Increase retail sales density by 30-40%
Deals and IPO
Heineken buys Distell to become beverage leader in South Africa (link)
Unilever to sell its Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5bn (link)
Denmark's Novo Nordisk to buy Dicerna Pharma for $3.3 billion (link)
Elliott takes $1bn stake in Europe’s biggest supermarket Ahold Delhaize ($link)
Other news
Amazon and Visa are at war in the UK:
Building An EV Produces 70% More Emissions Than ICE, Says Volvo (link)
Dutch government's attempt to keep Shell fails (link)
Ryanair Will Quit London Stock Exchange To Follow Brexit Rules (link)
Amadeus signs landmark deal with Marriott International (link)
Austria infuriates many with full lockdown as Germany warns it may follow suit (link)