Movers: Britvic, Bouygues, Embracer Group, Imperial Brands, Vodafone

Bridgette Randall
16 May, 2023
Frankfurt

Vodafone Group dropped 5% to 85.02 pence after the company said it plans to cut as many as 11,000 jobs in the next three years. 

The newly appointed chief executive Margherita Della Valle also said free cash flow in 2023 is likely to decline by €1.5 billion. 

Revenue in the fiscal 2023 ending in March increased 0.3% to €45.7 billion from €45.6 billion and net income increased to €12.3 billion from €2.7 billion and basic earnings per share rose to 42.77 cents from 7.71 cents a year ago. 

The reported earnings sharply rose reflecting the sale of Vantage Towers unit, adjusted earnings declined 1.3% to €14.7 billion on higher energy cost and weak market conditions in Germany. 

The company declared a final dividend of 4.5 cents totaling 9.0 cents for fiscal year 2023. 

Embracer Group plunged 16% to SEK 44.40 after the game developer reiterated its estimate for the full-year adjusted EBIT. 

The company said net sales in the fiscal third quarter ending in December soared 128% to SEK 11,6 billion and basic earnings per share was SEK 1.38 compared to a loss of SEK 1.38 a year ago. 

The company reiterates its previously published forecast for adjusted EBIT of SEK 8.0 to 10.0 billion in the financial year 2023 and SEK 10.30 to 13.60 billion in the financial year 2024. 

Britvic Plc increased 1.2% to  939.28 pence after the beverage maker reported an increase in first-half pre-tax profit driven by higher sales. 

Revenue in the first-half ending in March increased 7.9% to £794.0 million and after-tax profit soared 21.4% to £54.4 million. 

Basic earnings per share increased 22.5% to 21.0 pence from 17.2 pence a year ago. 

The company announced an additional stock repurchase program of £75 million over the next twelve months. 

Imperial Brands plc declined 0.6% to  1,862.72 pence after the cigarette maker reiterated its full-year outlook. 

Revenue in the first-half increased 0.3% to £15.4 billion from £15.3 billion and operating profit increased 27.7% to £1.5 billion from £1.2 billion and earnings per share rose 11.2% to 117 pence from 105.2 pence a year ago. 

The company increased its interim dividend to 43.18 pence from 42.54 pence a year ago. 

Bouygues SA decreased 2.5% to 30.92 after the French construction to telecom group reported a slight increase in first quarter net loss.