Europe Movers: BMW, Daimler Truck Holding, DeLonghi, Trainline

Inga Muller
17 Mar, 2025
Frankfurt

BMW AG traded flat at €82.10 after the German luxury automaker reported lower sales in 2024 amid subdued demand in China.

Revenue declined to €142.38 billion from €155.50 billion, net profit slumped to €7.68 billion from €12.16 billion, and diluted earnings per share fell to €11.62 from €17.67 a year ago.

The company lowered its annual dividend to €4.30 per share from €6.00 per share in 2023.

Sales in the fourth quarter edged down 15% to €36.4 billion from €43 billion, net income fell 41% to €1.6 billion from €2.6 billion, and earnings per share declined 36% to €2.41 from €3.77 a year ago.

Daimler Truck Holding AG gained 0.2% to €39.06 after the German vehicle maker reported lower revenue in 2024.

Revenue decreased 3% to €54.1 billion from €55.9 billion, adjusted EBIT declined 15% to €4.67 billion from €5.49 billion, and earnings per share dropped to €3.64 from €4.62 a year ago.

Daimler Truck sold 460,409 vehicles worldwide in 2024, 12% less compared to 526,053 units in the previous year.

Unit sales of battery-electric trucks and buses increased significantly by 17% to 4,035 vehicles from 3,443 vehicles a year ago.

Incoming orders declined by 2% in 2024 to 417,131 units, compared to 426,910 units in the prior year, impacted by the declining demand in the EU30 region and weaker market demand in India, Indonesia, and other Asian markets.

However, new orders in the fourth quarter increased significantly by 15% compared to the same period in 2023, driven by a positive development in the segments Mercedes-Benz Trucks and Trucks Asia.

The company proposed a dividend of €1.90 per share, unchanged from the previous year, to the annual general meeting on May 27.

In addition, the second tranche of the share buyback program announced in mid-2023 was launched in September 2024 and is expected to be completed by August 1, 2025.

Daimler Truck guided for 2025 unit sales to be between 460,000 units and 480,000 units, compared to 460,409 units in 2024.

The revenue for the industrial business is estimated to range between €52 billion and €54 billion, and the adjusted EBIT is expected to increase between 5% and 15% compared to 2024.

DeLonghi S.p.A. dropped 3.6% to €30.88 despite the Italian small appliances manufacturer reporting higher sales in 2024.

Revenue jumped 13.7% to €3.50 billion from €3.07 billion, and profit edged up 24.1% to €310.7 million from €250.4 million a year ago.

Sales in the fourth quarter increased 17.6% to €1.27 billion from €1.08 billion a year ago.

Same-store sales surged 11.1% in the quarter and were up 6.6% for the full year.

The company proposed a total dividend of €1.25 per share, an increase of 87% from the previous year, corresponding to a payout ratio of around 60%.

The payment of the ordinary part of the dividend equal to 83 cents will be on May 20, and the additional 42 cents will be credited with the record date September 23.

“The recent growth trends, confirmed also in the first months of the year, lead us to estimate a turnover for 2025 expanding between 5% and 7%, supported by the launch of new products and investments in communication,” the company said in a release to investors.

In terms of margins, the company expects an adjusted EBITDA to be between €580 million and €600 million, compared to €559.8 million in 2024, considering the current volatility with the U.S. tariffs.

Trainline Plc gained 2% to 270.60 pence after the rail and coach travel platform operator reported higher sales in fiscal 2025 ending in February.

Net ticket sales jumped 12% to £5.91 billion from £5.29 billion, and revenue increased 11% to £442 million from £397 million a year ago.

The company announced an additional share buyback of up to £75 million.

Trainline will publish its full year 2025 results on May 7.