Europe Movers; Audi, Ferrari, Fresenius Medical, MTU Aero, Phillips, Vestas

Inga Muller
06 May, 2025
Frankfurt

Audi AG gained 0.1% to €96.66 after the German passenger car manufacturer reported mixed first-quarter 2025 results.

Revenue increased 12% to €15.4 billion from €13.72 billion, and operating profit amounted to €0.5 billion from €466 million a year ago, mainly driven by a better mix as well as a higher battery electric vehicle share.

The company delivered 388,756 cars of the Audi, Lamborghini, and Bentley brands, a decline of 3.3% from a year earlier, while deliveries of fully electric Audi models increased by 30%.

Audi guided fiscal 2025 revenue to be between €67.5 billion and €72.5 billion, compared to €64.53 billion in 2024.

The company estimated vehicle deliveries between 1.7 million and 1.8 million, compared to 1.69 million vehicles a year ago.

Koninklijke Philips NV dropped 0.97% to €22.50 after the Dutch electric appliances manufacturer reported first-quarter 2025 results.

Sales decreased to €4.10 billion from €4.14 billion, net income swung to a profit of €76 million from a loss of €999 million, and earnings per share swung to a profit of 8 cents from a loss of €1.07 a year ago.

The company said comparable sales dropped 2% in the quarter, mainly due to slower demand in China, but sales were offset by growth in the personal health segment and royalty phasing.

Comparable order intake increased 2%, primarily driven by strong performance in North America, and the company reiterated its guidance for comparable sales growth between 1% and 3%.

MTU Aero Engines AG advanced 1.4% to €323.40 after the German aircraft engine manufacturer reported first-quarter 2025 results.

Revenue jumped 28% to €2.11 billion from €1.65 billion, net income climbed 77% to €224 million from €126 million, and basic earnings per share rose 71% to €4.03 from €2.35 a year ago.

The company guided fiscal 2025 revenue to be between €8.3 billion and €8.5 billion, compared to €7.41 billion in 2024, and adjusted EBIT to be in the mid-teens percentage range, compared to €1.05 billion a year earlier.

Vestas Wind Systems AS eased 0.98% to 88.50 krona after the Danish wind turbine manufacturer reported first-quarter 2025 results.

Revenue jumped 29% to €3.47 billion from €2.68 billion, net income swung to a profit of €5 million from a loss of €68 million, and earnings per share were breakeven compared to a loss of 7 cents a year ago.

Order intake increased by 36% from a year earlier, driven by strong momentum in offshore and EMEA onshore, the company said in a release to investors.

The company estimated full-year revenue to range between €18 billion and €20 billion, compared to €17.29 billion in 2024; an EBIT margin before special times to be between 4% and 7%, compared to 4.3% a year earlier; and total investments to amount to approximately €1.2 billion, compared to €1.14 billion in 2024.

Fresenius Medical Care AG advanced 1.5% to €46.04 after the kidney dialysis services reported first-quarter 2025 results.

Revenue edged up 3% to €4.88 billion from €4.72 billion, net income surged 113% to €151 million from €71 million, and earnings per share rose 113% to 52 cents from 24 cents a year ago.

As of March 31, Fresenius Medical Care treated 299,358 patients in 3,674 dialysis clinics worldwide and had 112,035 employees globally, compared to 111,513 employees as of December 31.

Ferrari NV surged 1.5% to €416.50 after the Italy-based luxury sports car manufacturer reported first-quarter 2025 results.

Revenue increased 13% to €1.79 billion from €1.58 billion, net profit jumped 17% to €412 million from €352 million, and diluted earnings per share rose 18% to €2.30 from €1.95 a year ago.

Shipments in the quarter rose 0.9% to 3,593 from 3,560 a year earlier, and the company plans to launch six new models this year.

“All key metrics recorded double-digit growth, underscoring a strong profitability driven by our product mix and continued demand for personalizations,” said Benedetto Vigna, CEO of Ferrari.

During the quarter, EMEA was up by 128 units, the Americas increased by 25 units, Mainland China, Hong Kong, and Taiwan decreased by 80 units, and the rest of APAC decreased by 40 units.

The products delivered in the quarter included eight internal combustion engine models and five hybrid engine models, which represented 51% and 49% of total shipments, respectively.

The company guided fiscal 2025 revenue to increase by at least 5% to €7.0 billion compared to €6.7 billion in 2024, and adjusted diluted earnings per share to grow by at least 7% to €8.60, compared to €8.46 a year ago.

The company said its outlook is subject to a potential risk of a 50 basis point reduction in profitability percentage margins in relation to the import tariffs on EU cars into the U.S.