Europe Movers: A.P. Moeller, Belgian Post, Evonik Industries, ICA Group, UniCredit

Inga Muller
12 May, 2025
Frankfurt

Belgian Post Group advanced 2.6% to €1.40 after the post delivery company reported first-quarter 2025 results.

Total operating income edged up to €1.12 billion from €993.0 million, net income swung to a loss of €5.9 million from a profit of €41.6 million, and diluted earnings per share swung to a loss of 3 cents from a profit of 21 cents a year ago.

Earnings before tax came in at €5.9 million, compared to €60.2 million in the same quarter a year earlier.

International Consolidated Airlines Group gained 0.7% to €6.70 after the parent company of British Airways and Iberia Airlines reported first-quarter 2025 results.

Revenue climbed 9.6% to €7.04 billion from €6.43 billion, pre-tax earnings swung to a profit of €239 million from a loss of €87 million, and basic earnings per share swung to a profit of €3.7 from a loss of 1 cent a year ago.

“We remain focused on strengthening our broad portfolio of market-leading brands across our core markets of the North Atlantic, Latin America, and intra-Europe,” the company said in a release to investors.

As of May 6, the aircraft capacity is around 80% booked for the second quarter, with revenue ahead of last year, and 29% booked for the second half, broadly in line with last year, ICA added in the statement.

A.P. Moeller Holding A/S dropped 1.9% to 11,360 krona after the Danish shipping and port terminal operator reported first-quarter 2025 results.

Revenue jumped to $13.32 billion from $12.35 billion, profit surged to $1.16 billion from $177 million, and diluted earnings per share rose to 74 cents from 11 cents a year ago.

In February, the company initiated a share buyback program of up to $2 billion to be executed over a period of 12 months, of which $345 million was executed by the end of the first quarter.

In March, the company paid a dividend of DKK 1,120 per share, of which a withholding tax of approximately $332 million will be paid during the second quarter.

Evonik Industries AG gained 0.4% to €20.08 after the German specialty chemicals company reported first-quarter 2025 results.

Revenue edged down to €3.78 billion from €3.80 billion, net income climbed to €233 million from €156 million, and earnings per share jumped to 50 cents from 33 cents a year ago.

“Better than expected pricing trends in the animal nutrition business supported earnings growth in the first quarter, and this trend should continue at least for the second quarter,“ the company said in a release to investors.

Sales in the nutrition and care segment increased by 12% to €1.01 billion in the first quarter, mainly due to higher sales volumes.

UniCredit Group traded up 3.3% to €55.53 after the Italy-based bank reported first-quarter 2025 results.

Revenue increased 2.8% to €6.5 billion from €6.3 billion, net profit edged up 8.3% to €2.8 billion from €2.6 billion, and earnings per share climbed 18.2% to €1.79 from €1.52 a year ago.

Net interest income was down 4.8% to €3.5 billion from the previous quarter, a resilient performance given the fewer calendar days and lower average Euribor in the quarter.

“Trading income stood at €641 million in the quarter, up over 100% versus the prior quarter and up 19.9% versus the prior year,” the company said in a release to investors.

The bank guided full-year revenue to come up at €23.5 billion, compared to €24.2 billion in 2024, and net profit to be above €9.3 billion, compared to €9.7 billion a year earlier.