BNP Paribas boosts stock buyback and dividend after trading revenue lifts overall profit in the fourth quarter. Dassaul guided higher sales and earnings in 2025. UBS announced a $3 billion stock repurchase plan, but the stock eased on global trade war fears.

Automobile makers, advanced semiconductor equipment companies, and chemical and pharma companies were under pressure ahead of a possible increase in trade barriers in the U.S.

ATOSS Software lifted its dividend plan following a rise in profit in the fourth quarter. Novartis said an increase in sales in the fourth quarter surpassed expectations, and the company lifted its dividend. Smiths Group expanded its stock repurchase plan.

H&M reported weaker-than-expected revenue in the latest fiscal quarter. ABB Ltd. reported higher sales, earnings, and orders, and the Swedish engineering company launched a new stock repurchase plan.

Logitech reported strong quarterly results, and the company lifted its outlook. LVMH reported weaker-than-expected sales and earnings. Givaudan reported strong quarterly results.

Netcompany dropped after the Danish technology consulting company reported a decline in revenue and earnings and offered a weaker-than-expected revenue growth outlook in the current year. SAP reported strong quarterly results. SThree trimmed its final dividend payout.

The low-cost airline Ryanair reported a tenfold increase in earnings in the fiscal third quarter, but the company estimated muted increases in annual net income.



Burberry said the sales decline was less than expected, largely because of the strength in the U.S. Ericsson reported weaker-than-expected results because of weaker comparable sales in India. Givaudan SA lifted its five-year sales increase target.

Puma reported weaker-than-expected sales and earnings in the fourth quarter, and the sportswear maker initiated a cost-cutting program to improve its operating margins. CMC Markets plunged after the company left unrevised its annual sales and cost outlook.

Adidas' operating income swung to a profit. Barry Callebaut lowered its sales volume estimate. Porsche Automobil reiterated its profit margin range. Schaeffler missed its 2024 sales estimate.

Essentra PLC reported flat 2024 sales and provided an update on its stock repurchase plan. PostNL sharply lowered its 2024 earnings outlook. Premier Foods estimated its 2024 earnings to be near the top end of the range.

Telefónica completed refinancing of its main credit facility of €5.5 billion. John Wood Group won a contract to maintain energy exploration equipment and assets of Esso Australia.

Kering SA agreed to sell a majority stake in a portfolio of luxury properties in Paris to a private equity firm. Glencore and Rio Tinto reportedly held talks to merge all or parts of their businesses.

Richemont reported a double-digit sales increase in key markets in Europe, the Americas, and the Middle East. However, sales in Asia Pacific declined because of the ongoing weakness in China. Renault SA said unit sales increased in 2024, but Stellantis NV reported a decline in shipments in the fourth quarter.



Europe Movers: Hays, Nordex, Serco

Jan 15, 2025
Inga Muller
Hays PLC reported a decline in revenue for the second consecutive quarter. Nordex said new order flow for turbines increased from a year ago in 2024. Serco extended its string of new contracts with the U.S. military agencies.

Europe Movers: JD Sports Fashion, Ocado

Jan 14, 2025
Inga Muller
JD Sports Fashion issued a profit warning amid weak comparable sales increases over a two-month period to December. Ocado reported a rise in fourth-quarter sales, driven by an increase in active customers.