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European pre-market summary - 28th October 2026: Tech leads after SK Hynix results

Newsquawk Staff ·

APAC Earnings

  • SK Hynix (000660 KS), +10.9%: Net miss, Operating profit & revenue beat. Announces shareholder return of c. KRW 100tln in 2026, with cash dividend of more than KRW 30tln and decides on a KRW 20tln share buyback. Memory demand is expected to surpass previous forecasts as AI handles longer and more complex tasks, driving increased computing and data processing requirements.

Q3 Earnings

  • BASF (BAS GY): Sales and adj. EBITDA beat. FY EBITDA guidance upgraded.
  • Deutsche Bank (DBK GY): PBT, Revenue Profit after Tax all beat. FIC in-line. On track for 2026 guidance.
  • Mercedes-Benz (MBG GY): Revenue miss, adj. EBIT beat. Market conditions have become increasingly challenging, particularly in China, although sales growth in Europe and the US, alongside record BEV sales, indicates strong demand for new models.
  • Delivery Hero (DHER GY): Revenue beat, GMV higher Y/Y. Raises FY outlook.
  • BNP Paribas (BNP FP): Net and Revenue beat. Confirms 2028 guidance. Buyback of EUR 1.3bln.
  • Danone (BN FP): Sales beat, LFL growth above exp. COO to retire.
  • Saint Gobain (SGO FP): Sales in-line. Confirms guidance.
  • Adyen (ADYEN NA): Revenue beat.
  • ASM International (ASM NA): Revenue beat, adj. Net and EBIT higher Y/Y, Gross Margin higher Y/Y. Q4 guide above forecast. New EUR 300mln buyback.
  • Heineken (HEIA NA): adj. Revenue higher Y/Y, Total Volume above exp. Reiterates FY guidance.
  • Santander (SAN SM): Net beat, NII miss, Revenue higher Y/Y. On track for FY guide.

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