tious on economic growth (trading -5.0%) Hochtief Q2 revs better, net income misses, guidance maintained, "difficult environment" (trading -1.5%) Norma Group Q2 strong, revs, margins & topline ahead driven by Americas, reiterate outlook (trading +1.9%) Forbo H1 top line inline, EBIT below due to impairme

tting guidance on weak road salt demand (trading -5.4%) • Italian Banks reporting today: Intesa San Paolo, Unicredit, Banco Popolare, UBI Banca • Norma Group Q3 inline (prelims 11/02), confirms guidance, stock off 200/0 from highs (trading -1.1%) • FLSmidth O3 poor, revenues & pre-tax miss, EBIT light, g