Europe Movers: Domino's Pizza, Henkel, Maison du Monde, Persimmon, Volkswagen

Inga Muller
11 Mar, 2025
London

Persimmon Plc. gained 0.2% to 1,197 pence after the UK-based house builder reported higher revenue in fiscal 2024.

Revenue increased to £3.30 billion from £2.77 billion, total income jumped to £266.0 million from £230.1 million, and earnings per diluted share rose to 82.7 pence from 79.5 pence a year ago.

The company built 10,664 new homes during the year, up 7% from 9,922 in 2023, and the average selling price of the new homes was £268,499, up 5% from £255,752 a year ago.

The company announced a cash dividend of 60 pence per share, unchanged from 2023.

Persimmon targeted between 11,000 and 11,500 new home completions in 2025.

Volkswagen AG surged 1.6% to €112.80 after the German vehicle manufacturer reported higher revenue in the fiscal 2024.

Revenue increased to €324.66 billion from €322.28 billion, earnings before tax slumped to €16.81 billion from €23.10 billion, and diluted earnings per share fell to €21.36 from €31.79 a year ago.

The company guided 2025 operating margin to be between 5.5% and 6.5%, compared to 5.9% in 2024.

Henkel AG dropped 0.6% to €86.72 after the German consumer goods company reported results for fiscal 2024.

Sales increased 2.6% to €21.6 billion from €21.5 billion, operating profit jumped 20.9% to €3.1 billion from €2.56 billion, and earnings per share rose 25.1% to €5.36 from €4.35 a year ago.

The company proposed a dividend increase of 10.3% to €2.04 per share.

In addition, Henkel will implement a new share buyback program of up to €1 billion.

The company guided for the full year “a slow start” into the year and acceleration in the course of the year, with organic sales growth between 1.5% and 3.5%.

EBIT margin is expected to be between 14% and 15.5%, and earnings per share are estimated to grow in “the low to high single-digit percentage” range.

Domino's Pizza Group Plc. increased 1.6% to 297.60 pence after the UK-based pizza chain reported results for fiscal 2024.

Revenue decreased to £664.5 million from £679.8 million, profit declined to £90.2 million from £115.0 million, and diluted earnings per share inched up to 22.8 pence from 22.7 pence a year ago.

Comparable sales edged up 0.7% and advanced 3% in the fourth quarter.

During the year, the company opened 54 new stores across 21 different franchise partners, with record store openings in Ireland.

The company paid a full-year dividend of 11.0 pence per share, up 4.8% from 10.5 pence a year ago, and proposed a final dividend of 7.5 pence per share.

The cumulative announced returns via dividends and share buybacks amounted to £500 million since March 2021.

Domino’s Pizza guided for fiscal 2025 capital investment to be £25 million and net debt at year-end to be between £260 million and £280 million.

Maisons du Monde SA traded flat at €3.44 after the French furniture and décor retailer reported lower sales in fiscal 2024.

Revenue declined to €1.03 billion from €1.16 billion, net income swung to a loss of €115.4 million from a profit of €8.6 million, and loss per share was €2.99 compared to a profit of 21 cents a year ago.

Comparable sales dropped 10.2% to €969.1 million from €1.08 billion in 2023.

The company increased its cost savings target to more than €100 million over 3 years, compared to €85 million previously estimated, of which roughly €60 million is in the two-year period to 2026.