Richemont SA reported record annual sales driven by higher sales across all regions in the world. Allianz announced a new stock buyback plan. Societe Generale announced a stock repurchase plan. Nordex SE
reported a wider operating loss.
Rolls Royce said it is on track to meet its annual estimates. ThyssenKrupp reported a sharp decline in profit on lower steel prices and higher operating costs. Telefonica said quarterly profit plunged on higher debt service charges.
Alstom SA delayed its mid-term target on macroeconomic headwinds. Credit Agricole SA reported higher revenue and income on the back of strong activities in domestic market. Melrose Industries lifted its annual outlook.
Daimler Truck Holding reiterated its annual outlook and confirmed its preliminary quarterly results. Fresenius Medical exceeded lowered first quarter revenue and earnings expectations. SBB canceled its dividend and halted its rights offering plan.
SGL Carbon reiterated its flat annual revenue growth outlook. Air France said quarterly loss shrank and passenger count soared. Intercontinental Hotels Group said full-year sales are likely to exceed its previous estimate.
BP Plc slowed its stock repurchase plan after quarterly profit declined. HSBC Plc said quarterly profit tripled. Ashtead Group launched a new stock buyback plan.
Mercedes Benz said its focus on higher priced luxury vehicles drove sales increase and margin expansion. Pearson failed to provide meaningful financial data in its quarterly update. Covestro AG revised its full-year 2023 outlook and launched a stock repurchase program.
Deutsche Bank reported its first quarter results in a decade. Barclays first quarter earnings were ahead of expectations. Danish software company SimCorp soared after Deutsche Boerse agreed to acquire the company.
Dassault Systemes said operating margin fell in the first quarter. Standard Chartered Plc reported first quarter pre-tax income rose in double digits. Danone SA said sales increase was driven by price hikes in North America and Europe.
Nestle SA said first quarter sales rose in all regions, driven by price hikes. Novartis SA sales and earnings advanced in the first quarter. UBS sales plunged on higher legal provisions. Associated British Foods first-half adjusted profit eased.
Resource and energy companies extended losses on demand worries. Software AG agreed to be acquired by a private equity firm. Salzgitter AG estimated a sharp decline in first quarter earnings but reaffirmed its annual estimate.
888 Holdings annual revenues jumped on the back of the acquisition of William Hill. Hermes sales soared after international travel picked up and mobility rebounded in China. TomTom returned to profit in the first quarter.
Tesco forecasted flat profit in the current fiscal year. Imperial Brands estimated first-half revenue to decline. Oxford Instruments said sales are ahead of expectations in the current fiscal year.
LVMH said the first quarter sales surge was driven by the sustained demand for fashion and leather goods and the rebound in international travel. Mercedes Benz reported a modest increase in first quarter vehicle sales.
The German automaker BMW guided slight growth in annual vehicle sales despite the sales decline in the first quarter. Evotec SE kept its data networks closed after a cyberattack late last week.
