🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Earnings preview: UBS Group set to release first quarterly results post Credit Suisse acquisition, Telecoms eyed

EditorAmbhini Aishwarya
Published 03/11/2023, 08:12 pm
© Reuters.

UBS Group AG (SIX:UBSG) is preparing to release its first quarterly results next week since the acquisition of Credit Suisse (SIX:CSGN), a significant event that will be closely watched by investors and industry analysts. The success of UBS hinges largely on the retention of talent and swift resolution of Credit Suisse's lingering issues.

In other corporate news, Deutsche Telekom AG (ETR:DTEGn) and Telefonica (NYSE:TEF) SA are focusing on shareholder returns and cash flow as they continue with the European 5G rollout. Both telecom giants are urging major streaming sites to contribute towards the rising internet infrastructure costs. In a move to boost shareholder value, Deutsche Telekom (OTC:DTEGY) has announced plans for a 10% dividend increase and a €2 billion ($2.1 billion) share buyback in 2024, resulting in its stock reaching a five-month high. Meanwhile, Telefonica's medium-term free cash flow target has become crucial, particularly after the loss of a contract with 1&1 AG.

Several other companies including Ryanair Holdings (NASDAQ:RYAAY) Plc, Airbus SE (OTC:EADSY), ArcelorMittal (NYSE:MT) SA, Cellnex Telecom SA, Safaricom Plc, and Vestas Wind Systems A/S are also scheduled to report their earnings next week. Despite potential winter scheduling issues caused by Boeing (NYSE:BA) Co.'s delivery delays, Ryanair anticipates a profit surge of 33%.

The wealth flow and deposits of UBS will be under scrutiny as the banking giant navigates through its post-acquisition phase. Meanwhile, Airbus continues to wrestle with supply chain issues even though it managed to meet third-quarter delivery expectations.

Despite facing industry-wide challenges, Vestas Wind Systems A/S reported an over 70% rise in order intake from the second quarter, demonstrating resilience in an uncertain market environment.

Next week's earnings reports from these diverse companies will provide a valuable insight into how different sectors are navigating the current economic landscape.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.