Europe Movers: Adidas, BP, Deutsche Börse, HSBC, Lufthansa, Novartis, Porsche, Schneider Electric, Volvo

Inga Muller
29 Apr, 2025
Frankfurt

Schneider Electric dropped 0.3% to €217.10 after the French industrial technology company reported first-quarter 2025 results.

Revenue increased 8.4% to €9.32 billion from €8.61 billion a year ago, driven by growth in North America and Asia Pacific.

North America revenue was up 15.2%, while in Asia Pacific sales jumped 9.3%, led by strong performance in India.

During the quarter, the company completed the acquisition of Motivair Corp., a provider of liquid cooling and advanced thermal management solutions for high-performance computing systems.

Furthermore, Schneider established a joint venture with StarCharge, a provider of electric vehicle charging infrastructure and microgrid solutions.

Schneider estimated fiscal 2025 revenue to grow between 7% and 10% on an organic basis, compared to €38 billion in 2024, and adjusted EBITA growth to be between 10% and 15%, compared to €7.03 billion a year earlier. 

Deutsche Börse AG dropped 1.8% to €277.70 after the company reported first-quarter 2025 results.

Sales revenue surged to €1.64 billion from €1.45 billion, net income jumped to €524.9 million from €497.6 million, and basic earnings per share rose to €2.86 from €2.70 a year ago.

Earnings per share before purchase price allocations edged up to €3.05 from €2.89 a year earlier.

Novartis AG gained 0.9% to CHF 93.40 after the Swiss pharmaceutical company reported first-quarter 2025 results.

Net sales surged to $13.23 billion from $11.83 billion, net income jumped to $3.61 billion from $2.69 billion, and earnings per share rose to $1.83 from $1.31 a year ago.

The company guided fiscal 2025 net sales to grow by a high single-digit percent, compared to $50.32 billion in 2024, and core operating income to increase by a low double-digit percent, compared to $19.5 billion a year earlier.

During the quarter, Novartis repurchased a total of 24.8 million shares for $2.6 billion, and an additional 1.5 million shares were repurchased from employees for a total of $0.2 billion.

HSBC Holdings plc gained 0.2% to 835.30 pence after the UK-based financial services company reported first-quarter 2025 results.

Revenue declined to $17.6 billion from $20.4 billion, profit edged down to $6.93 billion from $10.18 billion, and diluted earnings per share fell to 39 cents from 54 cents a year ago.

The company guided for each of 2025 to 2027, banking net interest income to be around $42 billion, depending on the market environment.

BP Plc. dropped 0.3% to 363.25 pence after the energy company reported first-quarter 2025 results.

Revenue declined to $47.88 billion from $49.96 billion, profit slumped to $687 million from $2.26 billion, and diluted earnings per share fell to $4.27 from $13.25 a year ago.

The company guided second-quarter upstream production to be broadly flat compared to the previous quarter sequentially.

Furthermore, BP estimated full-year divestment and other proceeds to be around $3 billion to $4 billion, weighted towards the second half.

Adidas AG gained 0.2% to €217.40 after the German sporting goods maker reported better-than-expected results in the first quarter of 2025.

Net sales surged 12.7% to €6.15 billion from €5.46 billion, net income jumped 151.3% to €428 million from €170 million, and diluted earnings per share edged up to €2.40 from 95 cents a year ago.

Sales in North America increased 5.5% from a year earlier, while in all other regions they were up by a double-digit percent.

The company guided full-year sales to grow at a high-single-digit rate, compared to €23.68 billion in 2024, and operating profit to increase to between €1.7 billion and €1.8 billion, compared to €1.3 billion in 2024.

Adidas has completed the sale of the remaining Yeezy inventory, and the company’s outlook does not include any Yeezy revenues.

Yeezy brought in around €650 million in revenues and profits of around €200 million in 2024.

Deutsche Lufthansa AG gained 0.8% to €6.54 after the German airline operator reported first-quarter 2025 results.

Revenue edged up 10% to €8.13 billion from €7.39 billion, net loss expanded to €885 million from a loss of €734 million, and diluted loss per share widened to 74 cents from a loss of 61 cents a year ago.

The company estimated fiscal 2025 capital expenditures to be between €2.7 billion and €3.3 billion, adjusted free cash flow to be stable versus 2024, and dividends to represent 20% to 40% of net income.

Volvo Group eased 0.7% to 264.90 krona after the Swedish vehicle manufacturer reported first-quarter 2025 results.

Net sales declined 7% to SEK 121.79 billion from SEK 131.18 billion, net income slumped to SEK 9.89 billion from SEK 14.08 billion, and diluted earnings per share fell to SEK 4.86 from SEK 6.92 a year ago.

Sales in Europe and Africa and Oceania were significantly lower during the quarter, down 13% and 15%, respectively.

During the quarter, net order intake increased 24% to 17,176 machines, as order intake for the Volvo brand climbed by 19%, with improvements in all markets except South America.

Deliveries in the quarter were 7% higher than in 2024 and amounted to 15,508 machines, as increased volumes in China offset lower demand in Europe and North America.

Porsche Automobil Holding SE dropped 1.3% to €36.30 after the German luxury car manufacturer reported first-quarter 2025 results.

Revenue declined to €8.86 billion from €9.01 billion, profit after tax slumped to €517 million from €927 million, and diluted earnings per share fell to 56 cents from €1.01 a year ago.

At the end of the quarter, deliveries had fallen by 7.9% to 71,470 vehicles from 77,640 a year earlier.