Europe Movers: Heidelberg Materials, Intercontinental Hotels, Mondi, Next, Siemens Energy

Inga Muller
08 May, 2025
Frankfurt

Siemens Energy AG dropped 2.7% to €70.98 after the German energy technology company reported second-quarter 2025 results.

Revenue increased 20.7% to €10.0 billion from €8.3 billion, net income jumped to €501 million from €108 million, and earnings per share rose to 50 cents from 8 cents a year ago.

Free cash flow pre-tax edged up sharply higher to €1.39 billion from €483 million in the prior year.

The company estimated full-year revenue growth in the range of 13% to 15%, compared to $34.46 billion in 2024, and net income of up to €1 billion, compared to €1.18 billion a year earlier.

The guidance excludes special items subsequent to the demerger of the energy business from Siemens Ltd., India.

Siemens Gamesa will divest 90% of its wind business in India and Sri Lanka to TPG Inc., retaining a 10% stake in the transferred business.

Free cash flow pre-tax in 2025 is updated to around €4 billion, compared to €1.86 billion in the previous year.

Heidelberg Materials AG traded flat at €177.00 after the German building materials company reported increased revenue in the first quarter of 2025.

Sales increased 5.1% to €4.71 billion from €4.48 billion, driven by comparable organic sales increase of 1.7% from a year ago.

The company said its earnings from current operations inched up 0.2% to €235 million from €232 million a year earlier, driven by a nearly 60% increase in the Africa, Mediterranean, and Western Asia regions, while elsewhere operations declined.

Next plc advanced 1.5% to 12,458 pence after the UK-based clothing retailer issued a first-quarter trading update.

Sales were up 11.4% from a year ago, sharply ahead of the company's estimate of 6.5%.

The company estimated full-year group profit before tax to grow by £14 million to £1.08 billion from the prior year.

The company is not increasing its sales guidance for the second quarter or the rest of the year because some of the first-quarter sales have been pulled forward from the second quarter.

Intercontinental Hotels Group plc gained 0.07% to 8,614 pence after the UK-based hotel chain operator released a first-quarter trading update.

Global revenue per available room increased 3.3%, with growth in the Americas of 3.5%, EMEAA up 5%, and Greater China down 3.5%.

The company opened 14,600 rooms across 86 hotels in the quarter, well over double the same period last year.

First-quarter global rooms revenue on a comparable basis for the group by 5%, driven by a 3% rise in the business segment and a 2% increase in leisure segment. 

Mondi plc advanced 0.04% to 1,110.48 pence after the UK-based packaging and paper company posted a first-quarter trading update.

Underlying EBITDA for the quarter was €290 million, compared to €214 million a year ago, and the result includes a forestry fair value gain of €2 million, compared to a forestry fair value loss of €27 million subsequent to the December quarter.

“While the direct impact of announced tariffs on our operations is limited, we remain mindful of the potential second-order impacts that could affect trade flows, consumer confidence, and supply chains,” the company said in a release to investors.