Morgan Stanley 2026-06-19

The Week Ahead – Europe | Europe Earnings Previews

Market Report English 37 Pages

Report Coverage

Broker
Morgan Stanley
Region
Europe
Sector
Retail & Commerce
Report Type
Market Report
Primary Focus
European weekly earnings calendar and previews

Full Report Document Access

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Report Summary

Morgan Stanley's weekly European preview covers key earnings events for the week of June 22–26, 2026, with detailed estimates for Bunzl PLC, Sunbelt Rentals, H&M, and Berkeley Group. The report provides consensus comparisons, revenue and profit forecasts, and investment thesis updates across Business Services, Retailing, Building Construction, and Chemicals sectors.

Key Takeaways

  • Bunzl PLC (EW) reports 1H26 pre-close update; Morgan Stanley estimates +1.1% organic revenue growth, broadly in-line with consensus, with focus on inflation and pricing pass-through impacts on demand
  • Sunbelt Rentals (OW) FY26 results expected with ~2.7% group rental revenue growth; 4Q rental revenue growth of ~5% with improving sequential momentum in non-residential construction
  • H&M (UW) 2Q26 results preview: constant FX growth estimated at -1%, with net sales of SEK 54,729mn and gross margin of 56.5%
  • Berkeley Group (UW) reports results on June 24 amid ongoing UK building construction sector headwinds
  • Extensive calendar of UK and European company results, AGMs, and conferences spanning June 22 through July 3, covering hundreds of listed entities
  • Synthomer PLC (EW) trading update on June 22 kicks off the week's chemicals sector events

Why This Report Matters

This weekly preview consolidates key European earnings events and analyst estimates, providing investors with a focused calendar and consensus benchmarks for Business Services, Retail, and Construction sectors during a critical reporting period.

Topics Covered

European earnings season previews Business services organic growth outlook Equipment rental market consolidation European retail sector performance UK building construction headwinds Inflation impact on corporate demand

Companies Mentioned

Bunzl PLC Sunbelt Rentals H&M Berkeley Group Holdings Synthomer PLC Kingfisher PLC Associated British Foods Barclays PLC Currys PLC Halfords Group

Who this summary is for

This summary is for users researching the Morgan Stanley The Week Ahead – Europe report. It helps users review The Week Ahead – Europe | Europe Earnings Previews coverage, key takeaways, and related broker or sector research paths across European earnings season previews, Business services organic growth outlook, Equipment rental market consolidation; Bunzl PLC, Sunbelt Rentals.

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This page provides a summary for informational purposes only. It is not investment advice. Full PDF report access is provided through VIP service and is not publicly displayed on this site.