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 up 0.8% €0.75 after the Netherlands-based 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 GWh in the quarter, up 6.5% from a year earlier, as the company commissioned 5.1 MWh in Hungary and shut down approximately 19.4 MWh in Romania.

In addition, Photon Energy received a favorable grid connection capacity of 250 MWh 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.