Europe Stock Movers: Kingfisher, Porsche, Smiths Group, Vistry, Vonovia

Inga Muller
26 Mar, 2025
Frankfurt

Porsche Automobil Holding SE gained 0.6% to €37.70 after the sports car manufacturer reported results for 2024.

Revenue declined to €40.08 billion from €40.53 billion, net income edged down to €3.48 billion from €5.63 billion, and earnings per diluted share fell to €3.94 from €5.66 a year ago.

The company delivered 310,718 vehicles in 2024, compared to 320,221 a year earlier, and launched its second all-electric model, the new Macan.

“With 86,541 deliveries, North America is once again the largest sales region, recording an increase of one percent compared to the previous year. In China, 56,887 cars were handed over to customers, down 28%,” the company said in a release to investors.

Kingfisher Plc. plunged 10.3% to 251.01 pence after the UK-based retailer reported lower sales in 2024.

Sales declined to £12.78 billion from £12.98 billion, profit dropped to £185 million from £345 million, and diluted earnings per share fell to 9.9 pence from 18.0 pence a year ago.

The company proposed a final dividend of 8.60 pence per share, payable on June 30 to shareholders on record as of May 23, with the ex-dividend date on May 22.

In addition, Kingfisher announced a new share buyback program for £300 million, and since September 2021, the company has completed £900 million of share buybacks.

The new program includes £26 million for repurchase during fiscal year 2025-2026 related to the previous £300 million program.

For the period 2025-2026, the company guided adjusted profit before tax to be between £480 million and £540 million and free cash flow between £420 million and £480 million.

Vonovia SE dropped 1.14% to €24.20 despite the real estate company reporting higher sales in 2024.

Revenue from property management increased to €4.88 billion from €4.71 billion, net loss widened to €6.76 billion from a loss of €896.0 million, and diluted loss per share widened to €7.80 from a loss of €1.09 a year ago.

The company guided for fiscal 2025 adjusted EBITDA to be between €2.70 billion and €2.80 billion, compared to €2.62 billion in 2024, and rental income between €3.3 billion and €3.4 billion, compared to €3.32 billion a year ago.

Smiths Group Plc. gained 3.5% to 2.090 pence after the UK-based engineering company reported half-year results for fiscal 2025 ending in January.

Revenue increased to £1.61 billion from £1.51 billion, comprehensive income climbed to £205 million compared to a loss of £141 million, and diluted earnings per share rose to 48.7 pence from 32.0 pence a year ago.

The company proposed a dividend of 14.23 pence per share, up from 13.55 pence per share in the previous year.

Vistry Group Plc dropped 6.3% to 607.50 pence after the UK-based home construction company reported results for 2024.

Revenue increased to £3.78 billion from £3.56 billion, profit slumped to £74.5 million from £215.0 million, and diluted earnings per share fell to 21.8 pence from 61.3 pence a year ago.

Total completions increased 7% to 17,225 units from 16,118 units in 2023, with partner-funded completions up 18% to 12,633 units from 10,722 units a year ago, and average selling prices remained firm.

Open-market completions were down 15% to 4,592 units from 5,396 units in 2023.

By the end of December, the company’s net debt amounted to £180.7 million, down from £88.8 million a year ago.

Vistry received £2 billion from the government in the form of grant funding for new affordable homes, along with £800 million of top-up funding previously announced.

“The funding will drive investment momentum across the affordable housing sector ahead of the launch of the 2026 affordable homes program.”