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

Published Nov 03, 2023 05:07AM ET
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UBS Group AG (SIX:UBSG) is preparing to release its first quarterly results next week since the acquisition of Credit Suisse, 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.

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

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