Europe Movers: Ferrari, Julius Baer, Sanofi, TomTom

Bridgette Randall
03 Feb, 2023
Frankfurt

TomTom NV increased 4% to €7.26 after the mobility device maker reported narrower loss in its latest quarter. 

Revenue in the fourth quarter rose 21% to €139 million and net loss narrowed to €8.8 from €38.8 million a year ago.  

For the full-year 2022, revenue increased 5.7% to €536 million and loss expanded 9% to €102.7 million. 

The company guided 2023 revenue in the range of €540 million and €580 million. 

Sanofi SA declined 1.8% to €85.14 after the French drugmaker estimated 2023 revenue growth in "low single-digit" in constant currency. 

Net sales in the fourth quarter increased 7.3% to €10.7 billion and net income rose 29.1% to €1.46 billion and diluted earnings per share rose 28.9% to €1.16. 

Ferrari NV declined 1.8% to €242.10 after the Italian sports car maker reported quarterly results. 

Shipments in the fourth quarter increased 13% to 3,327 and for the full-year 2022 rose 19% to 13,221. 

Revenue in the fourth quarter increased 17% from a year ago to €1.4 billion and net income rose 3% to €221 million. 

Diluted earnings per share increased to €1.21 from €1.16 a year ago. 

In full-year 2022, revenue increased 19% to €5.1 billion and net income rose 13% to €939 million and diluted earnings per share increased to 13% to 5.09 from €4.50 a year ago.   

The product portfolio in the year included nine internal combustion engine models and three hybrid engine models, which represented 78% and 22% of total shipments, respectively.   

The increase in shipments during the year was driven by the Ferrari Portofino M and the SF90 family, as well as the 296 GTB and the 812 Competizione, which were in the ramp up phase. 

Deliveries of the Ferrari Monza SP1 and SP2  declined from the previous year.

Sales rose across all regions and EMEA sales rose 8.5%, Americas increased 21.8%, Mainland China, Hong Kong and Taiwan soared 72.6% and Rest of Asia Pacific sales increased 17.1%. 

The Company repurchased 123,760 common shares for a total consideration of €26.8 million in January 2023. 

Julius Baer Gruppe AG increased 2.8% to 63.42 Swiss francs after the Swiss private banking group reported better-than-expected quarterly results.

 Assets under management declined 12$ to 424 million Swiss francs and net new inflow was 9 billion Swiss francs in the year 2022. 

Operating income declined marginally to 3.9 billion Swiss francs and net profit attributable to shareholders fell 12%, to 950 million Swiss francs. 

Earnings per share decreased 10% to 4.56 Swiss francs and the company proposed to pay a dividend of 2.60 Swiss francs despite the fall in earnings.