Europe Movers: Bang & Olufsen, Nordnet Bank, Stolt-Nielsen

Inga Muller
03 Jul, 2025
Frankfurt

Bang & Olufsen A/S advanced 3.5% to DKK 13.68 despite the Danish consumer electronics company reporting weak results for the fiscal year 2025 ending on May 31.

Revenue slipped to DKK 2.55 billion from DKK 2.59 billion, net loss expanded to DKK 29 million from a loss of DKK 17 million, and diluted loss per share widened to 20 cents from 10 cents a year ago.

The company guided fiscal 2026 revenue to grow between 1% and 8% in local currencies, compared to DKK 2.55 billion a year earlier.

Revenue in the fourth quarter edged up to DKK 680 million from DKK 655 million, and net loss narrowed to DKK 6 million from a loss of DKK 36 million a year ago.

Same-store sales in the quarter increased 7% as the branded channels grew by 8%, and same-store sales in the full year jumped 4%, with the branded channels up 9%.

Nordnet Bank AB gained 0.5% to SEK 256.80 after the Sweden-based digital bank released its monthly customer statistics for June.

The company’s customers made 4,724,500 trades in listed financial instruments, which corresponds to 243,700 trades per day, compared to 3,773,000 monthly trades and 200,700 trades per day in June 2024.

New customers in June amounted to 18,800 at an annual customer growth rate of 13.7%, compared to 16,300 new customers a year ago.

The total number of customers at the end of June was 2,222,900, compared to 1,975,300 a year earlier.

The company said net savings for June were SEK 4.5 billion, down from SEK 5.1 billion, and the total net savings during 2025 were SEK 39.5 billion, up from SEK 37.4 billion in the previous year, respectively.

The savings capital was SEK 1.06 trillion, and lending amounted to SEK 26.9 billion at the end of June, compared to SEK 963 billion and SEK 31.5 billion a year ago, respectively.

Stolt-Nielsen Ltd. advanced 7.2% to 22.45 despite the Norway-based provider of transportation and storage of specialty and bulk liquid chemicals reporting weak results for the second quarter of 2025 ending on May 31.

Revenue declined to $712.92 million from $741.15 million, net profit edged down to $75.23 million from $100.18 million, and diluted earnings per share fell to $1.41 from $1.87 a year ago.

For the first half of the year, revenue dropped to $1.39 billion from $1.45 billion, net profit jumped to $226.64 million from $204.15 million, and diluted earnings per share rose to $4.24 from $3.81 a year earlier.

Results include one-off gains due to the step-up of equity investments in Avenir LNG Ltd. and Hassel Shipping 4.