Europe Movers: Aeroports de Paris, Airbus, Renault, Standard & Chartered Bank

Inga Muller
21 Feb, 2025
Frankfurt

Aeroports de Paris SA dropped 8.4% to €105.10 after the Paris-based airport operator reported revenue growth in fiscal 2024, but profit declined.

Revenue jumped to €6.16 billion from €5.49 billion, net income dropped to €342 million from €631 million, and earnings per diluted share fell to €3.45 from €6.39 a year ago.

The company paid dividends of €3.82 per share for €377 million last year and also proposed a dividend of €3.00 per share for a total amount of €296 million, resulting in a payout ratio of 60% of net income.

No interim dividend was paid in 2024.

For fiscal 2025, Aeroports de Paris estimated passenger traffic growth between 2.5% and 4% and recurring EBITDA up over 7%.

The company lowered its forecast for the average annual investment spending and now expects to spend up to €1 billion for ADP SA and €1.4 billion for the group as a whole in 2025.

Renault dropped 4% to €49.13 after the French car manufacturer reported revenue growth in the fourth quarter ended in December, but profit declined.

Revenue increased to €56.23 billion from €52.38 billion, and net income fell to €752 million from €2.20 billion a year ago.

The company proposed a cash dividend of €2.20 per share for 2024, up 19% from €1.85 per share a year earlier, with the ex-dividend date scheduled on May 8, and the payment date on May 12. 

The dividend payout ratio is 21.5% of group consolidated net income.

For fiscal 2025, Renault estimated a group operating margin of 7%, compared to 7.6% in 2024, and a free cash flow of €2 billion, including €150 million of Mobilize Financial Services dividend, compared to €600 million in 2024.

Standard Chartered Plc. gained 0.8% to 1,149 pence after the British wealth management company reported operating income growth in the fourth quarter ended in December.

Operating income increased to $4.83 billion from $4.02 billion, net income declined to $522 million from $936 million, and earnings per share fell to 28.9 cents from 30.4 cents a year ago.

Underlying pre-tax income soared 20% to $6.8 billion in 2024, driven by a 13% increase in operating income to $19.7 billion.

The company plans to return at least $8 billion to shareholders cumulatively from 2024 to 2026.

For fiscal 2025 and 2026, Standard Chartered estimated an operating income increase of 5% to 7%, operating expenses below $12.3 billion, and expense savings of around $15 billion.

Airbus SE plunged 2.3% to €165.08 despite the aerospace company reporting a revenue and earnings increase in the fourth quarter ended in December.

Revenue jumped 8% to €24.72 billion from €22.89 billion, net income surged 66% to €2.42 billion from €1.46 billion, and earnings per share climbed 66% to €3.07 from €1.85 a year ago.

The company proposed a dividend of €2.00 per share and a special dividend of €1.00 per share.

For fiscal 2025, Airbus estimated a 7% increase to 820 in commercial aircraft deliveries, compared to 766 commercial aircraft delivered in 2024.

Furthermore, the company guided adjusted EBIT of around €7.0 billion, compared to €5.3 billion in 2024.