Europe Movers: 3i Infrastructure, Bang & Olufsen, Saga

Inga Muller
09 Apr, 2025
Frankfurt

Saga Plc traded flat at 125.40 pence after the UK-based retirement products provider reported preliminary results for the fiscal year ending in January.

 Revenue from continued operations increased 4.8% to £768.2 million from £732.7 million,  pre-tax loss widened to £141.1 million from a loss of £129.0 million, and losses per share expanded to 117.4 pence from a loss of 80.8 pence a year ago.

The company said that underlying earnings per share came in at 23.2 pence, compared to 30.0 pence a year earlier.

Bang & Olufsen A/S dropped 2.6% to 12.10 krona after the maker of audio and TV products for home and travel reported results for the first nine months to February 2025.

Revenue year-to-date declined to DKK 1.87 billion from DKK 1.93 billion, net loss came in at DKK 23 million compared to a profit of DKK 18 million, and diluted loss per share was 2 cents compared to a profit of 1 cent a year ago.

3i Infrastructure Plc eased 1.15% to 301.50 pence after the UK-based infrastructure investment company reported results for 2024.

Investment return declined to £374 million from £497 million, profit before tax edged down to £347 million from £394 million, and earnings per share fell to 37.6 pence from 44.0 pence a year ago.

The company proposed a final dividend of 5.950 pence per share for 2024, compared to 5.575 pence a year ago, payable to shareholders on record as of June 14.

The dividend is estimated to amount to £55 million, compared to £51 million in 2023.

The company’s board has proposed an annual dividend of 11.90 pence per share, totaling £110 million, compared to 11.15 pence per share totaling £101 million in 2023.