European Movers: Philips (PHIA NA) +9.5%, Kering (KER FP) +8.8%, Bellway (BMY LN) +3.4%, Barclays (BARC LN) +1.1%, BP (BP/ LN) -2.7%, TUI (TUI GY) -2.7%
Newsquawk Staff ·
- Philips (PHIA NA) - Q4 (EUR): Sales 5.1bln (exp. 5.01bln), Comparable Sales Intake +7% Y/Y. Proposed 2025 dividend of EUR 0.85 per share, in shares or cash at the option of the shareholder. Outlook: Comparable sales growth: 3%-4.5%. Adjusted EBITA margin: 12.5%-13.0%. Free cash flow: 1.3-1.5bln. Philips publishes 2026-2028 financial targets, including mid-single-digit comparable sales growth CAGR over the period and mid-teens Adjusted EBITA margin in 2028. (Philips)
- Kering (KER FP) - FY (EUR): Revenue 14.7bln (exp. 14.8bln). Q4: Revenue 3.91bln (exp. 3.87bln). Comparable Revenue -3% (exp. -4.8%), Gucci Comparable Revenue -10% (exp. -10.4%). Expects to return to growth and improve margins in 2026. Notes that the environment remains uncertain. By Region: Western Europe and North America were broadly in line with Q3, while trends improved sequentially across all other regions. Wholesale and Other revenue was down 2% overall on a comparable basis, with Wholesale revenue for the Houses declining 9%. For Bottega Veneta, trends in Asia Pacific continued to improve, notably in South Korea, while Japan returned to growth. (Kering)
- Bellway (BWY LN) - 6 months trading update (2026): Growth in total housing completions to 4,702 homes (2025 – 4.6k) at an average selling price of around GBP 322k (2025 – GBP 310k). The forward order book at 31 January 2026 comprised 4.4k homes (2025 – 4.7k), with a value of GBP 1.24bln (2025 – £1.31bln). The GBP 150mln share buyback launched on 14 October 2025 is progressing well, with 1.76mln shares purchased at a cost of around GBP 48mln during the period. (Bellway)
- Barclays (BARC LN) - Q4 (GBP) Revenue 7.08bln (prev. 6.96bln Y/Y), PBT 1.86bln (exp. 1.76bln), NII 3.73bln (exp. 3.76bln); announces share buyback of GBP 1bln with plan to return at least £10bn of capital to shareholders between 2024 and 2026, through dividends and share buybacks, with a continued preference for buybacks. (Barclays)
- BP (BP/ LN) - Q4 2025 (USD): Adj. EPS 0.10 (exp. 0.099), Adj. Net 1.5bln (exp. 1.53bln), Board has decided to suspend share buybacks; Net Debt 22.18bln (exp. 23.04bln); Dividend per share 8.32c (exp. 8.29c); Operating Cash Flow 7.6bln (exp. 7.4bln); Reduces capital expenditure for 2026 to lower end of guided range. (BP)
- TUI (TUI GY) - Q1 (EUR): Revenue 4.9bln (exp. 4.86bln), Adj. EBIT 77mln (exp. 78mln). FY Outlook: Revenue Growth 2-4%; Adj. EBIT Growth 7-10%. Proposal is for a starter dividend of EUR 0.10 per share for FY 2025 and from FY 2026 a payout ratio of 10-20% of underlying EPS. (TUI)
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