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%.

Moncler 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.

Revenue increased to €15.17 billion from €13.43 billion, net income climbed to €4.60 billion from €4.31 billion, and earnings per diluted share rose to €43.87 from €41.12 a year ago.

The company reported growth in all segments and across all geographical regions, except for the watches business, which was down 4%.

Hermes will pay an interim dividend of €3.50 per share on February 19.

The company plans to propose additional dividend of €16.0 per share, after deducting €3.50 per share, as well as an exceptional dividend of €10.0 per share during the annual general meeting on April 30.

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

Revenue in fiscal 2024 increased 18% to €27.32 billion from €23.20 billion, profit surged 51% to €3.07 billion from €2.03 billion, and earnings per diluted share rose 55% to €7.29 from €4.70 a year ago.

The company plans to propose a dividend of €2.90 per share for 2024, compared to €2.20 a year ago, during the annual shareholder meeting on May 22.

Safran purchased €1.3 billion worth of its own shares in several tranches totaling 6.5 million shares during 2024.

As of December 31, the company’s share capital comprised 423,632,587 shares of which 6,857,467 treasury shares or about 1.6% of total shareholder capital.

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.