Europe Movers: Adyen, Atlas Copco, DHL, Kone, UBS

Inga Muller
30 Apr, 2025
Frankfurt

UBS Group AG traded flat at CHF 24.97 after the Swiss bank and wealth management company's first quarter results surpassed market expectations, driven by sharp gains in its investment banking unit.  

Revenue slipped to $12.56 billion from $12.74 billion, net profit edged down to $1.69 billion from $1.75 billion, and diluted earnings per share inched down to 51 cents from 52 cents a year ago.

Net interest income was $1.63 billion, a decline of 16% from a year ago and 11% from the previous quarter, and the Swiss banking company a further fall in the current quarter. 

“In the second quarter we expect net interest income (NII) in Global Wealth Management to decline sequentially by a low single-digit percentage, and we see a similar decline in Personal & Corporate Banking’s NII in Swiss francs. 

In US dollar terms, Personal & Corporate Banking’s NII is expected to increase sequentially by a mid-single-digit percentage, based on current foreign exchange rates,” said the company in its update to investors.

Kone Oyj gained 0.5% to €50.80 after the elevator and escalator manufacturer reported first-quarter 2025 results.

Sales increased to €2.67 billion from €2.57 billion, net income climbed to €212.6 million from €203.0 million, and diluted earnings per share rose to 41 cents from 39 cents a year ago.

The company registered a 6.4% increase in orders received, to €2.38 billion, compared to €2.23 billion a year earlier.

Cash flow from operations, before financing items and taxes, increased to €486.7 million from €398.2 million a year ago.

Kone guided fiscal 2025 sales to grow between 1% and 6%, compared to €11.1 billion in 2024, and adjusted EBIT margin to be between 11.8% and 12.4%, compared to 11.7% a year earlier.

The company’s shares and other non-current assets include a 19.9% holding in Toshiba Elevator and Building Systems Corp., which is not a publicly quoted company.

Adyen NV traded flat at €1,448.4 after the Dutch payment company reported first-quarter 2025 results.

Net revenue jumped 22% to €534.7 million from €438.0 million a year ago, driven by strong demand from existing customers, particularly in Europe and North America.

“Unified Commerce continues to show strong momentum with net revenue up 31% year-over-year, fueled by an increasingly diversified customer base across different verticals,” the company said in a release to investors.

During the quarter, processed volume was €314.8 billion, an increase of 6% from the prior year.

Digital net revenue reached €320.4 million, an increase of 13% from a year ago, driven by solid momentum in content and subscription.

Atlas Copco AB dropped 4.2% to 147.60 krona after the Swedish industrial tools and equipment provider reported first-quarter 2025 results.

Revenue declined to SEK 42.73 billion from SEK 42.87 billion, profit slumped to SEK 6.60 billion from SEK 7.17 billion, and diluted earnings per share fell to SEK 1.35 from SEK 1.47 a year ago.

Orders received increased 2% to SEK 46.604 billion from SEK 45.656 billion a year ago, and operating cash flow amounted to SEK 6.575 billion compared to SEK 6.660 billion a year earlier.

DHL Group advanced 3.2% to €38.21 after the German parcel delivery company reported first-quarter 2025 results.

Revenue edged up 2.8% to €20.81 billion from €20.25 billion, net profit climbed 6.2% to €786 million from €740 million, and diluted earnings per share rose 8.1% to 67 cents from 62 cents a year ago.

The company guided fiscal 2025 EBIT to be at least €6 billion, compared to €5.9 billion in 2024, and free cash flow, excluding mergers and acquisitions, to be unchanged at approximately €3 billion.