Europe Movers: Aéroports de Paris, Carrefour, Nokia, Nordex, SAAB, Safran, SKF Group, WPP

Inga Muller
25 Apr, 2025
Frankfurt

Aéroports de Paris SA surged 1.7% to €107.00 after the airport operator reported higher revenue in the first quarter of 2025.

Revenue edged up 12.2% to €1.49 billion from €1.32 billion a year ago, driven by traffic growth and increased airport fees.

During the quarter, the company registered 82.1 million passengers in all of its airports, an increase of 6.7% compared to the prior year.

Carrefour Group S.A. traded flat at €13.77 after the French retail and wholesale company reported first-quarter 2025 results.

Revenue edged up to €22.67 billion from €22.16 billion a year ago.

Comparable store sales jumped 2.9% in the quarter, driven by growth in Brazil and Spain, while sales in France declined 1.7%.

The company reiterated its cost savings plan, targeting €1.2 billion in savings during fiscal 2025.

Nokia Corp. slumped 9.5% to €4.25 after the Finnish mobile telecom company reported first-quarter 2025 results.

Net sales dropped 1% to €4.39 billion from €4.44 billion, net income swung to a loss of €60 million from a profit of €438 million, and diluted earnings per share swung to a loss of 1 cent from a profit of 8 cents a year ago.

The company guided fiscal 2025 comparable operating profit to be between €1.9 billion and €2.4 billion, compared to €2.6 billion in 2024.

Safran Group traded flat at €220.90 after the French aviation company reported first-quarter 2025 results.

Revenue increased 16.7% to €7.26 billion from €6.22 billion a year ago. 

The company guided fiscal 2025 revenue to grow around 10%, compared to €27.72 billion in 2024, and recurring operating income to be between €4.8 billion and €4.9 billion, compared to €4.12 billion a year ago.

The company estimated free cash flow to be between €3.0 billion and €3.2 billion in 2025, compared to €3.19 billion in 2024.

Safran proposed a dividend of €2.90 per share for 2024, an increase of 32% from the prior year, and repurchased 1.5 million shares between January and April 2025.

SKF Group traded flat at 183.20 krona after the Swedish bearing manufacturer reported first-quarter 2025 results.

Net sales dropped to SEK 23.97 billion from SEK 24.70 billion, net profit edged down to SEK 1.80 billion from SEK 1.89 billion, and earnings per share fell to SEK 3.95 from SEK 4.15 a year ago.

Nordex SE dropped 1.4% to €15.76 after the German wind turbine manufacturer reported first-quarter 2025 results.

Sales declined 8.8% to €1.43 billion from €1.57 billion, and net income swung to a profit of €8 million from a loss of €13 million a year ago.

EBITDA increased to €80 million from €52 million, corresponding to an EBITDA margin of 5.5%, compared to 3.3% a year earlier.

The company reported free cash flow of €4 million, compared to cash outflow of €254 million in the same quarter a year ago.

WPP Plc gained 0.5% to 562.60 pence after the UK-based marketing services provider reported first-quarter 2025 results.

Revenue declined 5% to £3.24 billion from £3.41 billion a year ago.

“Our financial performance in the first quarter was in line with our expectations, reflecting macroeconomic challenges and the timing of new business, and we expect these factors to continue in the second quarter, with performance anticipated to improve in the second half,” the company said in a release to investors.

SAAB AB gained 0.9% to 429.25 krona after the Swedish military and civil security company reported first-quarter 2025 results.

Sales increased to SEK 15.79 billion from SEK 14.18 billion, net income jumped to SEK 1.27 billion from SEK 770 million, and diluted earnings per share rose to SEK 2.35 from SEK 1.43 a year ago.

The company announced a dividend of SEK 2.00 per share for the financial year 2024.