Europe Movers: Tate & Lyle, Volvo Car

Inga Muller
03 Jun, 2025
Frankfurt

Volvo Car AB dropped 2.4% to 16.98 krona after the Swedish passenger car manufacturer reported first-quarter 2025 results.

Revenue declined to SEK 82.95 billion from SEK 93.88 billion, net income edged down to SEK 1.20 billion from SEK 3.34 billion, and diluted earnings per share fell to SEK 0.40 from SEK 1.12 a year ago.

During the quarter, the company launched two new car models: the fully electric ES90 and a small, fully electric SUV, the EX30 Cross Country.

In February, the company completed the divestment of its 30% stake in Lynk & Co. to Zhejiang Zeekr Intelligent Technology Co. Ltd.

Tate & Lyle plc declined 1.1% to 547.00 pence after the UK-based specialty food and beverage company reported fiscal year results ending in March.

Revenue climbed to £1.74 billion from £1.65 billion, profit declined to £143 million from £188 million, and diluted earnings per share fell to 11.6 pence from 39.8 pence a year ago.

Given the significant benefits of the combination with CP Kelco ApS, the company expects revenue growth towards the higher end of its 4% to 6% range each year.

The company said that tariffs and the associated uncertainty have increased costs for both the business and its customers, mainly for products supplied between the U.S. and China.

The company has completed share repurchases worth £216 million, returning proceeds from Primient disposal to shareholders.

Furthermore, Tate & Lyle has proposed a final dividend of 13.4 pence per share and a full-year dividend of 19.8 pence per share, an increase of 3.7% over the previous year.

The final dividend will be paid on August 1 to shareholders on record on June 20.