Europe Movers: BNP Paribas, Deutsche Lufthansa, Porsche, Stellantis, UniCredit

Bridgette Randall
03 May, 2023
New York City

Deutsche Lufthansa AG declined 1.7% to €9.47 after the German airline reported a surge in revenue in the first quarter. 

Revenue in the first quarter soared 40% to €7.0 billion from €5.0 billion a year ago. 

Net profit shrank 20% to €467 million from €520 million and diluted earnings per share fell to 39 cents from 49 cents a year ago.  

The passenger count increased 64% to 21.6 million and passenger load factor jumped 14.3 percentage points to 79.7% from 65.4% but cargo load factor declined to 58.7% from 68.1% a year ago. 

The airline expanded its passenger capacity by 30% in the first quarter from the previous year, but still 25% below its  2019 pre-crisis level.

BNP Paribas SA increased a fraction to €57.0 after the French bank reported higher-than-expected revenue. 

Revenue in the first quarter increased 1.4% to €12.03 billion from €11.87 billion a year ago. 

Pre-tax net income from continuing operations in the quarter declined 9.4% to €2.37 billion from €2.62 billion a year ago.  

Porsche Automobil Holding SE increased 0.3% to €49.76 after the company reported higher deliveries in the first quarter. 

First quarter revenue rose 25.5% to €10.10 billion from €8.04 billion a year ago and operating profit rose 25.4% from €1.47 billion to €1.84 billion.

Vehicle deliveries in the quarter increased 18% to 80,767 from 68,426 a year ago. 

Stellantis NV declined 1.1% to €14.56 after the Italian automaker reported a 14% increase in its first quarter revenue. 

UniCredit SpA soared 5.6% to €18.62 after the Italian bank revised its full-year outlook and reported a 56% jump in net revenue in the first quarter.