Europe Movers: Allfunds, Beiersdorf, Euronext, just Eat, Nordex, Persimmons, Puma, Vestas

Bridgette Randall
01 Mar, 2023
New York City

In London and Paris, resource stocks and luxury fashion goods makers traded higher on China optimism. 

Brent crude oil and copper and iron ore prices rose as well.  

BP Plc and Shell Plc increased 1% and mining companies Antofagasta, Glencore and Anglo American advanced between 3% and 5%. 

LVMH and Kering SA added between 1% and 2% on the hopes of higher sales in China. 

Persimmon Plc dropped 9.7% to 1,310.81 pence after the UK homebuilder reported a fall in pre-tax earnings and estimated lower home completions in 2023. 

Euronext NV increased 4.0% to €71.92 after the pan-European bourse offering various trading services withdrew its offer to acquire Allfunds Group Plc. 

Allfunds declined 13.2% to €7.19. 

PUMA SE declined 6.8% to €56.30 after the German sportswear maker warned cost pressures are likely to persist in 2023. 

Fourth quarter sales increased 24.3% to  €2.2 billion but net income plunged to €1 million from €8 million in the previous year. 

Full-year 2022 revenue increased 24.4% to €8.4 billion and net income improved to  €354 million from € 310 million a year ago. 

Earnings per share in the full-year 2022 increased to €2.36 from €2.07 in 2021. 

Just Eat Takeaway.com NV declined 2.1% to 1,771.40 pence after Europe's largest delivery company reported a wider loss in the full-year 2022. 

In 2022, gross transaction volume was stable at €28.2 billion and total revenue increased 4% to €5.5 billion from €5.3 billion a year ago. 

Total loss in 2022 widened to €5.7 billion from €1.04 billion in the previous year. 

Beiersdorf AG fell 0.5% to €112.45 after the maker of Nivea branded products warned of lower organic sales growth in 2023. 

Revenue in the full-year 2022 increased 15.4% to €8.8 billion and net income rose to €771 million from €655 million and earnings per share expanded to €3.33 from €2.81 in the previous year. 

Vestas Wind Systems AS increased 2.7% to €27.83 after the company signed two conditional agreements in Brazil for 1.3 GW projects. 

Nordex SE increased 2.7% to €14.61 after the company won two orders in Sweden and Finland with a combined capacity of 110MW.