Europe Movers: ams OSRAM, BP, BNP. Carlsberg, TeamViewer

Bridgette Randall
07 Feb, 2023
Frankfurt

BP Plc increased 3.3% to 494.0 pence after the energy explorer reported bumper profit reflecting higher crude oil, gasoline and natural gas prices. 

The energy company said group revenue increased 34.5% to $70.2 billion and net income soared more than four-fold to $11.1 billion from $2.6 billion and diluted EPS rose to $3.50 from 70 cents a year ago.

BP repurchased $3.2 billion of stock in the quarter including $2.5 billion repurchase announced in the previous quarter. 

Carlsberg AS dropped 3.3% to €128.40 after the brewery company reported a loss. 

Revenue in the Fourth quarter rose 16.9% to DKK 70,265 million, driven by organic revenue growth of 15.6%. 

The company swung to net loss of DKK -1,063 million, impacted by write-downs of DKK 10,735 million.

The brewery operator proposed a 13% increase in dividend to DKK 27 per share, equal to a total dividend payout of DKK 3.7 billion.

The company also completed its stock repurchase program of DKK 4.5 billion on January 27. 

The company guided 2023 operating earnings growth in the range of -5% to +5%. 

ams OSRAM AG declined 17% to  7.83 Swiss francs after the sensor maker suspended its 2022 dividend to strengthen its business. 

Revenue in the fourth quarter declined 4% to €1.11 billion from €1.22 billion but net income plunged to €29 million from €119 million and diluted earnings per share declined 11 euro cents from 45 euro cents a year ago. 

The company guided first quarter 2023 revenue between €900 million and €1.0 billion and operating earnings margin between 4% and 7%. 

TeamViewer AG jumped 17% to €14.40 after the German software company announced a stock repurchase program and forecasted double-digit growth between 10% and 14% in 2023. 

Fourth quarter billings surged 24% from a year ago to €190.6 million and revenue rose 14% to €150.5 million. 

In the fourth quarter, earnings before interests and taxes increased 20% to €49.5 million from €41.3 million in the previous year. 

The number of subscribers in the quarter increased 1% 626,000 from 617,000 in the previous year. 

In the year 2022, billings increased 16% to €634.8 million and revenue rose 13% to  €565.9 million. 

BNP Paribas SA increased 2.6% to €62.34 after the French bank announced a €5 billion stock repurchase plan. 

2022 revenue increased 9% to €50.4 billion and net income rose 7.5% to €10.19 billion and earnings per share of €7.80. 

BNP also confirmed the sale of Bank of the West to BMO Group for $16.3 billion, generating capital gain of $2.9 billion booked in the first quarter of 2023. 

The company lifted its 3-year to 2025 earnings growth target to 9%.