Europe Movers: Crest Nicholson, Flughafen Zuerich, Photon Energy

Inga Muller
16 Jun, 2025
Frankfurt

Crest Nicholson Holdings Plc. eased 3.7% to 189.60 pence after the UK-based home builder reported results for the half year ending on April 30.

Revenue declined to £249.5 million from £257.5 million, net income swung to a profit of £6.7 million from a loss of £23.4 million, and diluted earnings per share swung to a profit of 2.6 pence from a loss of 9.1 pence a year ago.

The company paid an annual dividend of 1.3 pence per share, up from 1.0 pence a year earlier.

The company announced a significant reduction in half-year land creditors to £77.8 million, compared to £131.6 million in the full year 2024.

Flughafen Zuerich AG traded down 3.4% to CHF 224.00 after the owner and operator of Zurich Airport released its passenger update for May.

The Zurich Airport handled 2,775,275 passengers in May, up 0.1% from the previous year, as the number of local passengers increased by 1.4% and transfer passengers declined by 3.0%.

The transfer rate was at 27.7%, compared to 28.6% in May last year.

Flight movements in May increased by 1.4% to 24,092 from 23,762 in the previous year.

The total turnover in May declined 3.1% to CHF 53.9 million from CHF 55.4 million a year earlier.

Overall, the passenger count increased at all the international airports except for the Florianopolis Airport, where the count fell by 2.8% from a year ago.

Photon Energy NV traded flat at 3.40 zloty after the solar power and energy storage company reported results for the fiscal first quarter ending on March 31.

Revenue surged to €22.05 million from €17.37 million, net income swung to a profit of €0.10 million from a loss of €1.08 million, and diluted loss per share expanded to €0.061 from €0.022 a year ago.

The company reported electricity generation of 23.7 GWp in the quarter, up 6.5% from a year earlier, as the company commissioned 5.1 MWp in Hungary and shut down approximately 19.4 MWp in Romania.

In addition, Photon Energy received a favorable grid connection capacity of 250 MWp in South Africa as the company is developing a PV plant with 150 MW, or 1.8 GWh for 12 hours, of thermal hydro storage.

The company has secured capacity market contracts for 139.20 MW for fiscal 2026.