Europe Movers: Beazley, Dassault Systemes, Schaeffler

Inga Muller
05 Mar, 2025
Frankfurt

Dassault Systèmes SE dropped 1.8% to €38.47 after the 3DExperience platform provider reported a 9% increase in software revenue in the fiscal fourth quarter of 2024.

Total revenue jumped to €1.75 billion from €1.64 billion, net income increased to €412.0 million from €330.0 million, and earnings per diluted share rose to 30 cents from 25 cents a year ago.

The company guided for the first quarter of 2025 revenue between €1.53 billion and €1.60 billion, up 2% to 7% from €1.50 billion a year ago, and earnings per diluted share between 30 cents and 32 cents, compared to 21 cents in the same period in 2024.

Beazley Plc. dropped 1.4% to 880.50 pence despite the insurance company reporting increased earnings in fiscal 2024.

Insurance revenue increased to $5.68 billion from $5.44 billion, profit before tax jumped to $1.42 billion from $1.25 billion, and earnings per diluted share rose to 170.4 cents from 151.4 cents a year ago.

The company proposed an interim dividend of 25.0 pence per share, up from 14.2 pence per share in 2023, payable on May 2 to shareholders on record as of March 21.

The total dividend to be paid for 2024 amounts to £157.5 million, up from £94.2 million in 2023.

In addition, Beazley announced a $500 million share buyback program.

Schaeffler AG dropped 4.3% to €4.61 after the precision mobility parts maker reported full-year 2024 earnings results.

Revenue increased 11.5% to €18.19 billion from €16.31 billion, net income swung to a loss of €632 million from a profit of €309 million, and net loss per diluted share was 86 cents compared to a profit of 46 cents a year ago.

The company guided for fiscal 2025 “considerable revenue growth” driven by acquisitions, an EBIT margin before special items between 3% and 5%, compared to 4.5% in 2024, and free cash flow between zero and €200 million, compared to €363 million a year ago.