Mondi, the paper and packaging company, agreed to acquire its smaller rival, DS Smith. HelloFresh lowered its core earnings outlook for the second time in five months. Currys confirmed the sale of its Greece and Cyprus retail operations.

The independent energy explorer swung to a pre-tax loss in 2023 after energy prices declined from a year ago. DHL estimated flat annual earnings this year. Symrise, the German flavor and fragrance company, reported better-than-expected annual core profit. 

Swiss chocolate maker Lindt reported higher sales and earnings despite cost headwinds. German rolling bearing product maker Schaeffler reported a decline in annual earnings. UK-based baker Greggs reported higher sales and earnings and announced a special dividend. 

Software One terminated its private equity transaction. The aerospace parts supplier Senior reported strong annual financial results. BNP Paribas announced a stock repurchase plan. Henkel announced slower organic sales growth in the current year.

Daimler Truck lifted its dividend and announced a stock repurchase plan. Aegon, the Dutch insurance company, reported a net loss in the full-year 2023. Sixt, the German rental car company, reiterated a positive annual revenue and earnings outlook.

Beiersdorf increased its dividend, announced a stock repurchase plan, and signaled slower revenue growth in the current year. Air France KLM swung to a loss in the fourth quarter.

A French court approved the troubled retailer Casino Guichard's plan to reorganize. Abrdn narrowed its full-year losses and announced a plan to cut jobs. Bouygues reported core annual profit that surpassed its target.



Thomson Reuters announced its plans to acquire the Sweden-based Pagero Group. Bunzl agreed to acquire a distribution company in the UK and Finland.

Standard Chartered announced a stock repurchase plan. Allianz reported weaker-than-expected fourth-quarter earnings. ABB has appointed a new chief executive officer. Lufthansa reshuffled its board.

ABB
Rolls Royce reported a sharp jump in annual earnings and an estimated higher profit in 2024. AXA announced a stock repurchase plan. Nestle reported a weaker-than-expected increase in its organic sales. Mercedes-Benz lifted its dividend. 

Glencore said annual revenue declined on weak coal prices, and earnings plunged after the company took impairment charges linked to its zinc and cobalt assets. HSBC said fourth-quarter earnings plunged after it took charge of its investment in Shanghai-based BoCom.

HSBC BHP RIO
Barclays announced a sharp fall in annual earnings in 2023, and said it plans to return 10 billion pounds to shareholders over the next three years. InterContinental Hotels Group said annual net income soared and it expanded its stock repurchase plan.

Europe Movers: Forvia, Nnit, Temenos

Feb 19, 2024
Inga Muller
Temenos rebounded after the Swiss software developer reiterated its financial outlook and refuted charges from the U.S.-base short-seller Hindenburg Research.

NatWest Group reported a record annual profit since the financial crisis in 2007. Swiss Re said annual profit in 2023 improved because of improvements in its property and casualty segments.



Commerzbank announced a stock buyback plan after net income soared in the fourth quarter and full-year 2023. Airbus announced a special dividend supported by strong annual results. Schneider Electric lifted its dividend. Pernod Ricard lowered its current year outlook.