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August 4 (Reuters) – The stocks to watch on Thursday on the Paris Stock Exchange and in Europe:
* CREDIT AGRICOLE CAGR.PA on Thursday reported better-than-expected results in the second quarter thanks to a record level of activity in investment banking, as market volatility led to strong demand for hedging instruments. The appointment of two new deputy managing directors in addition to Xavier Musca was also announced on Wednesday.
* SES SESFd.PA is in talks to merge with its US competitor Intelsat, the Financial Times reported on Thursday. The Luxembourg-based satellite company also announced on Thursday a half-year gross operating surplus above the consensus compiled by Vara Research.
* ADIDAS ADSGn.DE reported a 28% drop in second-quarter operating profit, hurt by the suspension of operations in Russia, rising supply chain costs and health restrictions in China and the United States. Vietnam.
* BAYER BAYGn.DE raised its full-year profit forecast on Thursday on strong demand for its seeds and chemicals for agricultural crops and higher sales of consumer healthcare products.
* LUFTHANSA LHAG.DE posted operating results (Ebit) of 393 million euros over the April-June period thanks to its air freight activity, but the German company announced that it would only offer in the third quarter approximately 80% passenger carrying capacity compared to pre-pandemic, which is lower than expected.
* ZALANDO ZALG.DE on Thursday reported a 58% drop in second-quarter adjusted operating income but said it expected better profitability in the second half of 2022. The online fashion group takes 1.7% ahead of the stock exchange according to broker Lang & Schwarz.
* ING INGA.AS – The largest Dutch bank on Thursday reported better-than-expected second-quarter pre-tax profit.
* BANCO BPM BAMI.MI – Italy’s third-largest bank, whose largest shareholder is Credit Agricole, reported second-quarter net profit of 206 million euros on Wednesday, above the consensus of analysts polled by Reuters, which stood at 180 million euros.
* BEIERDORF BEIG.DE reported organic revenue growth of 10.5% in the first half and confirmed its guidance for the year.
* GLENCORE GLEN.L declared $4.5 billion in cash distributions to shareholders on Thursday, including through a $3 billion share buyback program, after announcing record half-year profit.
* TELECOM ITALIA TLIT.MI expects a less steep decline than previously expected in its operating profit in 2022 thanks to encouraging results in the second quarter, helped by cost reduction and the contribution of its Brazilian subsidiary. L6N2ZF0DY
* MERCK KGAA MRCG.DE saw its adjusted profit rise 13.1% in the second quarter, driven by revenue from its laboratory equipment and semiconductor production chemicals business.
* LANXESS LXSG.DE – The German chemical company announced a higher-than-expected gross operating surplus for the second quarter on Thursday, thanks to higher prices for its products.
* ADECCO ADEN.S announced a 13% increase in its quarterly turnover.
* BELIEVE BLV.PA reported adjusted EBITDA for the first half up to €11.7 million and the group expects organic revenue growth of around 29% in 2022, compared to 20 % announced in May.
(Written by Laetitia Volga, edited by Nicolas Delame)