European Movers: BNP Paribas (BNP FP) +3.5%, Saab (SAABB SS) +2.3%, Hannover Re (HNR1 GY) -0.9%, ArcelorMittal (MT NA) -1.0%, Shell (SHEL LN) -1.1%, BBVA (BBVA SM) -5.2%, Maersk (MAERSKB DC) -6.2%

ArcelorMittal (MT NA) – Q4 2025 (USD): Revenue 14.97bln (prev. 15.66bln Y/Y), Net Income 177mln (prev. 377mln Y/Y), EPS 0.23 (prev. 0.50 Y/Y). The company expects demand to increase in 2026. The Co. expects world ex-China apparent steel demand to grow by +2% in FY 2026.

BBVA (BBVA SM) - Q4 (EUR): Net income 2.53bln (exp 2.54bln), NII 7.03bln (exp. 6.82bln), expects 2026 profitability to increase to around 20%.

BNP Paribas (BNP FP) - Q4 (EUR): Net income 2.97bln (exp. 2.86bln), Revenue 13.1bln (exp. 12.9bln), reaffirms its 2024-26 targets and upgrades FY28 targets.

Hannover Re (HNR1 GY) - FY (EUR): Net Income 2.6bln (prev. 2.33bln Y/Y), EBIT 3.5bln (prev. 3.3bln Y/Y). Confirms guidance.

Maersk (MAERSKB DC) - Q4 (USD) EBITDA 1.8bln (exp. 1.84bln), Revenue 13.3bln (exp. 12.9bln). Guidance: Sees 2026 Underlying EBITDA 4.5-7bln (exp. 5.76bln). "Guidance is based on the expectation that global container volume growth will be between 2% and 4% in 2026. The Co. announced a DKK 6.3bln share buyback. To add, the Co. is to cut 1,000 jobs.

Saab AB (SAABB SS) - Q4 2025 (SEK): Revenue 27.7bln (exp. 26.3bln), Operating profit 3.26bln (exp. 2.70bln), Net income 2.57bln (exp. 2.12bln); Guides initial FY26 Organic Revenue at +22%.

Shell (SHEL LN) - Q4 (USD): Adj. Profit 3.26bln (exp. 3.51bln), EPS 0.57 (exp. 0.63), Adj. EBITDA 12.79bln (prev. 14.77bln Y/Y), announces USD 3.5bln share buyback programme.