European Movers: Rightmove (RMV LN) +4.2%, Holcim (HOLN SW) +1.0%, Sandoz (SDZ SW) -1.4%, IAG (IAG LN) -1.5%, BASF (BAS GY) -4.2%, Flutter Entertainment (FLTR LN) -9.5%

BASF (BAS GY) - Q4 2025 (EUR): Revenue 14.0bln (exp. 14.04bln), Net profit 560mln (exp. 285mln), EBITDA 1.02bln, sees FY26 Adj. EBITDA between 6.2-7.0bln (exp. 7.22bln). (BASF)

Flutter Entertainment (FLTR LN) - The Co. reported Q4 revenue and earnings that  missed expectations, and issued softer-than-expected 2026 guidance. Q4 adj. EPS 1.74 (exp. 1.57), Q4 revenue USD 4.74bln (exp. 4.85bln). 

Holcim (HOLN SW) – FY 2025 (CHF): Sales 15.7bln (exp. 15.8bln), EPS 0.70 (prev. 2.60 Y/Y), EPS before impairment and divestment 3.22 (prev. 3.07 Y/Y). Proposed dividend of CHF 1.70, not subject to Swiss withholding tax, reflecting a payout ratio of 53%. (Holcim)

IAG (IAG LN) - FY 2025 (EUR): Revenue 33.2bln (exp. 33.3bln), Op. Profit 5.02bln, +13.1% Y/Y, Adj. EPS 0.69/shr, +22.4% Y/Y. Outlook: Revenue growth and earnings growth at high margins and high return on capital. Also, the Co. announced a EUR 1.5bln share buyback. (IAG)

Rightmove (RMV LN) - FY 2025 (GBP): Revenue 425.1mln (prev. 389.9mln Y/Y), Op. Profit 287.9mln (prev. 256.3mln Y/Y). GBP 90mln share buyback announced. (Rightmove) 

Sandoz (SDZ SW) downgraded to Underweight from Equal Weight at Morgan Stanley and downgraded to Hold from Buy at Deutsche Bank.