Europe Movers: Alstom, ABB Associated British Foods, Daimler Truck, Novartis, Nestle, Ocado, UBS, Whitbread

Bridgette Randall
25 Apr, 2023
Frankfurt

Alstom SA increased 1.1% to €21.92 after the French company won an €900 million order to supply trams to Quebec City, Canada.

ABB Ltd advanced 3.2% to CHF 32.69 after the Swiss engineering and construction company raised its full-year 2023 sales and earnings outlook.

Revenue increased 13% to $7.8 billion and net income soared 72% to $1.03 billion from $604 million and diluted earnings per share rose to 56 cents from 31 cents a year ago. 

Associated British Foods Plc decreased 3.4% to 2,001.0 pence after the owner of Primark reported a 3% decline in first-half profit.

Revenue in the first-half increased 21% to £9.56 billion and adjusted operating profit declined 3% to £684 million. 

Basic earnings per share increased 11% to 67 pence and the company hiked dividend rose 3% to 14 pence per share. 

Daimler Truck Holding AG added 2.5% to €30.71 after the German heavy duty vehicle maker reported better-than-expected earnings.

Jungheinrich AG soared 10.4% to €33.66 after the German forklift maker reported higher first quarter operating earnings and the company also lifted its full-year outlook.

The company revised higher its full-year earnings before interest and taxes to a new range between €400 million and €450 million from the previous range between €350 million and €400 million. 

Group revenue is forecasted to fall between €5.1 billion and €5.5 billion, higher than the previous estimate between €4.9 billion and €5.3 billion. 

The company estimated first quarter revenue of €1.29 billion compared to €1.06 billion and EBIT of €120 million from €78 million a year ago.  

Novartis AG rose 2.7% to CHF 91.92 after the Swiss drug maker lifted its full-year 2023 outlook.

Revenue increased 3% to $12.95 billion and net income advanced 3% to $2.29 billion from $2.21 billion and diluted earnings per share rose to $1.09 from $1.0 a year ago. 

Nestle SA advanced 1.1% to CHF 115.96 after the Swiss food products maker posted better-than-expected first quarter sales.

Revenue in the first quarter increased 5.6% to CHF 23.47 billion, reflecting price increases in all market regions. 

Sales in North America rose 8.9% to CHF 6.3 billion and in Europe increased 5.4% CHF 4.9 billion. 

Powdered and liquid beverages organic sales increased 7.2% to CHF 6.2 billion and pet care products organic sales soared 15.7% to CHF 4.7 billion. 

Ocado Group Plc advanced 1.4% to  512.80 pence after the online grocery company said it plans to stop operation at its Hatfield customer fulfillment center, impacting about 2,300 staff.

UBS Group AG decreased 1.9% to CHF 17.85 after the Swiss bank reported a 52% fall in its first quarter earnings, reflecting higher provision for U.S. litigation and weaker sales.  

Total revenue in the first quarter declined to $8.7 billion from $9.3 billion and net income dropped to $1.0 billion from $2.2 billion and diluted earnings per share fell to 32 cents from 61 cents a year ago. 

The Swiss bank set aside $857 million for litigation related to legacy U.S. residential mortgage-backed securities. 

Whitbread Plc soared 5.6% to 3,302.66 pence after the parent of Premier Inn after the company said its annual income surpassed pre-pandemic levels.