Europe Movers: ABN AMRO, Banco BPM, Heineken, TeamViewer, Siemens Energy, Schindler, Stora Enso, TUI AG

Inga Muller
12 Feb, 2025
Frankfurt

Benchmark indexes in Europe hovered near record highs,, and investors reacted to the latest corporate updates. 

The euro remained under pressure, and bond yields in the region retained a negative bias amid rate cut hopes.

The DAX index increased by 0.34% to 22,112.72, the CAC-40 index edged higher 0.23% to 8,047.42, and the FTSE 100 index advanced by 0.07% to 8,783.89. 

The yield on 10-year German bonds inched higher to 2.44%, French bonds increased to 3.16%, the UK gilts moved up to 4.60%, and Italian bonds edged higher to 3.53%.

 

Europe Stock Movers 

ABN AMRO Bank NV gained 6% to €17.50 after the Dutch lender's fourth quarter profit surpassed market expectations. 

Banco BPM SpA increased 0.6% to €8.97 after the Italian lender posted strong fourth quarter results and lifted its targeted profit and payout ratio to investors.

Kering SA advanced 4% to €258.10 and extended its two-day gain to over 10% after the Paris-based luxury fashion group reported better-than-expected financial results. 

Heineken NV jumped 12.2% to €76.46 after the Dutch brewing company reported a 7.3% increase in net income and announced a two-year stock repurchase plan. 

The alcoholic beverage company said net profit advanced 7.3% to €2.7 billion, driven by a 1.6% increase in beer sales volume. 

The company said it plans to repurchase its own stock worth €1.5 billion over the next two years.

Siemens Energy advanced 1.3% to €58.0 after the wind turbine and gas and power equipment maker reported a decline in net profit in the fiscal first half, but the order book swelled to €131 billion. 

TeamViewer SE jumped 5.3% to €12.47 after the remote access and support software company said profit in the fourth quarter increased because of an increase in revenue and subscribers. 

Barratt Redrow jumped 4.8% to 458.30 pence after the UK-based home builder estimated annual earnings closer to the upper end of the market estimate. 

Revenue in the fiscal first half ending in December rose 23% to £2.3 billion from £1.9 billion, net profit before tax increased 23% to £117.2 million from £95.2 million, and basic earnings per share decreased 18.3% to 5.8 pence from 7.1 pence a year ago.

The residential construction company completed 6,846 homes, 10.9% higher than 6,171 homes in the corresponding period a year ago. 

The home builder launched a £50 million stock repurchase plan starting in February and ending no later than June 30. 

 

Recent Earnings Movers 

TUI AG dropped 10.8% to €7.60 after the travel operator reported revenue growth in the first quarter of 2025 ending in December, but new bookings slowed.

Revenue increased 12% to €4.87 billion from €4.30 billion, net loss shrank to €30.4 million from a loss of €83.5 million, and loss per share recovered to 17 cents from 24 cents a year ago.

Revenue in the hotels and resorts segment grew 13.8% to €510.2 million from €448.4 million, and in cruises they were up 5.4% to €175.9 million from €166.8 million a year earlier.

Sales in the holiday experiences segment jumped 13.8% to €697.8 million from €613.4 million, in the amusement segment they were up 16.8% to €313.6 million from €268.6 million, and in markets and airline they increased 13.2% to €4.17 billion from €3.69 billion a year ago.

For fiscal 2025, the company estimated revenue growth between 5% and 10%, compared to €23.17 billion last year, and EBIT to increase between 7% and 10%, compared to €1.30 billion in 2024.

TUI also expects strong Easter sales, with a €30 million phasing effect from the holidays shifting to the third quarter.

Stora Enso dropped 5.9% to €9.75 despite the Finnish and Swedish forest industry company reporting revenue growth in the fourth quarter ending in December.

Revenue climbed 6.8% to €2.32 billion from €2.17 billion, net loss widened to €379 million from a loss of €325 million, and loss per diluted share expanded to 43 cents from a loss of 36 cents a year ago.

The company proposed a dividend of 13 cents per share, payable on April 2 to holders on record as of March 24.

In addition, the board will propose a dividend of 25 cents per share, payable in two installments, during the second and fourth quarter of 2025.

For fiscal 2025, the company estimated capital expenditure between €730 million and €790 million, compared to the 2024 estimate between €1.03 billion and €1.13 billion. 

Schindler Holding AG gained 0.6% to CHF 256.50 after the Swiss elevators and escalators manufacturer reported declining revenue for fiscal year 2024.

Revenue decreased to CHF 11.24 billion from CHF 11.49 billion, net profit climbed to CHF 1.01 billion from CHF 935 million, and earnings per diluted share rose to CHF 8.82 from CHF 8.04 a year ago.

For fiscal 2025, the company estimated low single-digit revenue growth in local currency terms, as new construction continues to decline, while modernization and services grow.

The company proposed a cash dividend of CHF 6.0 per share, in-line with its dividend policy to share its earnings between 50% and 80% to share with investors. 

Order backlog declined 2.2% to CHF 8.6 billion at the end of 2024, when measured in local currencies. 

For 2025, the company estimated revenue to increase in "low single-digit" and EBIT margin of around  12%. 

Schindler launched a stock repurchase program worth CHF 500 million, which started on November 6, 2024, and will last until November 5, 2026.

Siemens Energy AG dropped 0.3% to €57.10 after the German energy company reported lower orders in the first quarter of 2025.

Revenue increased 18.4% to €8.94 billion from €7.65 billion, net income plunged 84.1% to €252 million from €1.58 billion, and earnings per diluted share dropped to 23 cents from €1.78 a year ago.

Total orders decreased 11.1% to €13.67 billion from €15.38 billion a year ago, impacted by a 37.9% decline in grid technologies, an 11.3% drop in the transformation of industry segment, and a slowdown in Germany and China.

However, revenue in Germany rose 31.1% to €969 million from €739 million, and in China sales grew 11.8% to €421 million from €376 million a year ago.

For the full year 2025, the company estimated comparable revenue growth between 8% and 10%, net income around break-even, and a profit margin before special items between 3% and 5%.

The company expects the demerger of its energy business from Siemens Ltd, India to be completed in 2025. 

Siemens Energy expects revenue growth in all of its business segments, except for the Gamesa division, where comparable revenue growth is expected to decrease between 9% and 5%, and a loss before special items of around €1.3 billion.