Market Updates
Europe Movers: Bureau Veritas, PostNL, Smith & Nephew
Inga Muller
25 Feb, 2025
Frankfurt
PostNL NV traded flat at €1.08 after the Dutch mail, parcel, and e-commerce company reported higher revenue for fiscal 2024 ending in December.
Revenue increased to €3.25 billion from €3.16 billion, and reported EBITDA declined to €225 million from €261 million a year ago.
The company guided for fiscal 2025 in line with 2024.
PostNL will propose a dividend of 7 cents per share at the next annual general meeting.
Bureau Veritas SA dropped 4% to €30.0 despite the French testing, inspection, and certification company reporting revenue growth in fiscal 2024.
Revenue increased to €6.24 billion from €5.87 billion, net profit surged to €589.2 million from €515.9 million, and earnings per diluted share rose to €1.25 from €1.10 a year ago.
Revenue in the fourth quarter rose 8.5% to €1.67 billion from €1.54 billion a year ago.
The company guided for fiscal 2025 organic revenue growth in the mid-to-high single-digits, improvement in adjusted operating margin at constant exchange rates, and cash conversion above 90%.
Bureau Veritas proposed a cash dividend of 90 cents per share, up 8.4% from the previous year, and payable on July 3 to shareholders on record as of July 2.
Smith & Nephew advanced 5% to 1,095.0 pence after the company reported fourth quarter and full-year results.
Smith & Nephew said fourth quarter revenue increased 7.8% to $1.6 billion from $1.5 billion, and revenue in the full year advanced 4.7% to $5.8 billion from $5.5 billion.
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