Europe Movers: Eutelsat, Hermes, Moncler, NatWest, Safran, SEGRO

Inga Muller
14 Feb, 2025
Frankfurt

European markets struggled in Friday's trading, but they are set to extend weekly gains by 2%. 

Germany's wholesale price inflation accelerated in January. 

Luxury stocks in Paris and Milan led the gainers after Hermes International reported an increase in profit in 2024.

The DAX index decreased by 0.1% to 22,579.95, the CAC-40 index edged higher 0.4% to 8,200.30, and the FTSE 100 index declined by 0.2% to 8,746.41. 

For the week, the DAX index advanced 3%, the CAC 40 gained 2.5%, and the FTSE 100 index increased 0.6%.

The yield on 10-year German bonds inched higher to 2.43%, French bonds increased to 3.12%, the UK gilts moved up to 4.51%, and Italian bonds edged higher to 3.51%.

Mocler SpA surged 8.8% to €67.92 after the Italian luxury fashion retailer reported steady revenue growth in fiscal 2024 ending in December.

Revenue increased to €3.11 billion from €2.98 billion, gross profit climbed to €2.43 billion from €2.30 billion, and net income jumped to €639.6 million from €611.93 million a year ago.

In the fourth quarter, the group revenues increased 8% to €1.24 billion from €1.18 billion a year ago, and the Moncler and Stone Island brands recorded sales of €1.13 billion and €109.2 million, respectively.

Moncler reported growth in all three geographic locations, including Asia, Europe, Middle East and Africa, and the Americas.

The Board of Directors also approved the proposal of a dividend distribution of €1.30 per share. 

Hermes International advanced 0.6% to €2,832.0 after the luxury goods maker reported profit in 2024 rose from the previous year.

Safran SA advanced 0.1% to €245.90 after the jet engine maker revised higher its profit and cash estimate for 2025.

NatWest Group PLC decreased 3.2% to 423.18 pence despite the financial services company reporting solid financial performance and higher earnings in 2024.

SEGRO plc increased 0.8% to 727.60 pence despite the UK-based warehousing company reporting a double-digit increase in profit in 2024.

Eutelsat Communications SA dropped 15% to €1.45, and the French satellite company reported a wider loss in the fiscal first half.