European Movers: ASM International (ASM NA) +4.9%, Dassault Aviation (AM FP) +1.3%, Maersk (MAERSKB DC) -2.0%, Symrise (SY1 GY) -2.1%, Continental (CON GY) -2.4%, Adidas (ADS GY) -5.0%
Adidas (ADS GY) - Q4 2025 (EUR): Revenue 6.08bln (exp. 6.33bln). FY 2025: Revenue 24.8bln, +13% Y/Y, Op. Profit 2.05bln, +54% Y/Y. Outlook: Sees 2026 Op. Profit “about” 2.3bln (exp. 2.69bln). Mid-term outlook: Adidas well positioned for further market share gains in an attractive industry. Elsewhere Co. announced the contract extension of CEO Bjorn Guldenʼs. (Adidas)
ASM International (ASM NA) - Q4 2025 (EUR): Revenue 698mln (exp. 654.2mln). Outlook: Q1 Revenue 830mln (exp. 767mln), with a range of +/- 4%. Expect Q2 revenue to be up from the level in Q1. We anticipate revenue in the second half of 2026 to be higher than in the first half. Expects sales in China to rise in 2026. A notable improvement from the earlier forecast of a double-digit decline. (ASM International)
Continental (CON GY) - FY 2025 (EUR): Revenue 19.7bln (exp. 19.7bln), EBIT 2.04bln (exp. 2.03bln), Basic EPS -0.83 (exp. -0.49); FY outlook: Sales 17.3-18.9bln (exp. 18.7bln). Contitech sales of EUR 4.2-4.8bln and FY outlook tires sales of EUR 13.2-14.2bln. (Continental)
Dassault Aviation (AM FP) - FY 2025 (EUR): Revenue 7.42bln (exp. 6.5bln), Adj. Op. Income 180mln (prev. 170mln Y/Y), Order Intake 10.9bln (exp. 10.795bln, prev. 10.9bln Y/Y). (Dassault Aviation)
Maersk (MAERSKB DC) - The Co. is to raise freight rates for Middle East container shipments. (Maersk)
Symrise (SY1 GY) - FY 2025 (EUR): Sales 4.93bln (exp. 4.93bln), EPS 3.67 (exp. 3.64). Updated capital allocation priorities: announced inaugural EUR 400mln share buyback and proposed 16th consecutive dividend increase to EUR 1.25/shr for 2025. (Symrise)
Today's earnings reveal a mixed bag for European equities. Adidas reported lower-than-expected revenue and a cautious outlook, reflecting challenges in its sector, which contributed to its significant drop. In contrast, ASM International exceeded expectations, signaling robust demand particularly from China, which could positively influence sentiment in the semiconductor sector.