Europe Movers: Delivery Hero, Kering, Kuehne Nagel, Nestlé, Renault, STMicroelectronics, Unilever

Inga Muller
24 Apr, 2025
Frankfurt

Kering SA traded down 5.2% to €165.92 after the luxury products retailer reported lower revenue in the first quarter of 2025.

Sales declined 14% to €3.88 billion from €4.50 billion, driven by Gucci sales dropping 24% to €1.57 billion from €2.08 billion a year ago.

Yves Saint Laurent sales fell 8% to €679 million from €740 million a year earlier.

In the first quarter, the company closed 25 stores on a net basis, bringing its directly operated network to a total of 1,788 units.

Nestlé S.A. traded down 1.1% to CHF 86.40 despite the food and beverage company reporting higher sales in the first three months of 2025.

Revenue increased 2.3% to CHF 22.60 billion from CHF 22.09 billion a year ago.

Sales in the Americas remained flat, while they were up 3.6% in Asia, Oceania, and Africa and up 2.5% in Europe, the company said in a release to investors.

E-commerce sales grew organically by 15.1%, reaching 20.1% of total group sales.

Unilever PLC gained 0.5% to 4,839 pence after the UK-based consumer goods company reported first-quarter 2025 results.

Turnover was down 0.9% to €14.8 billion from €15.0 billion a year ago.

The company reconfirmed its full-year guidance for underlying sales growth between 3% and 5%, compared to €60.8 billion in 2024, driven by expected improvements in Indonesia and China in the second half of the year.

The quarterly interim dividend was 45.28 cents per share, an increase of 6.1% from the first quarter of 2024.

The company’s €1.5 billion share buyback program, announced in February, will be completed in the first half.

STMicroelectronics N.V. increased 2.5% to €19.69 despite the semiconductor company reporting lower first-quarter 2025 results.

Revenue declined to $2.52 billion from $3.46 billion, net income slumped to $56 million from $513 million, and diluted earnings per share dropped to 6 cents from 54 cents a year ago.

The company estimated second-quarter revenue to be $2.71 billion, a decrease of 16.2% compared to $3.23 billion a year ago, and a gross margin of about 33.4%, compared to 40.1% in 2024.

Renault Group gained 2.7% to €46.18 after the French car manufacturer reported a slight decline in first-quarter 2025 revenue.

Revenue edged down 0.3% to €11.67 billion from €11.71 billion, as automotive revenue declined 3% to €10.13 billion from €10.45 billion a year ago.

The company sold 564,980 vehicles in the quarter, compared to 549,099 vehicles a year earlier, and in Europe, sales were up 2.8% with 402,413 units sold.

Renault guided fiscal 2025 operating margin to be higher or equal to 7% and free cash flow to be higher or equal to €2 billion.

Delivery Hero SE traded down 5.7% to €23.49 after the German food delivery company reported first-quarter 2025 results.

Revenue increased to €3.52 billion from €2.96 billion a year ago, as gross merchandise value jumped to €12.37 billion from €11.79 billion a year ago.

The company guided fiscal 2025 total segment revenue to increase between 17% and 19%, compared to €12.80 billion in 2024, and gross merchandise value to be up between 8% and 10%, compared to €48.75 billion a year earlier.

Kuehne Nagel Group traded up 0.4% to CHF 188.35 after the freight forwarding company reported first-quarter 2025 results.

Net turnover jumped 14.9% to CHF 6.33 billion from CHF 5.51 billion, earnings rose 6.6% to CHF 291 million from CHF 273 million, and diluted earnings per share rose 6.5% to CHF 2.45 from CHF 2.30 a year ago.