European Movers: Schroders (SDR LN) +29.1%, Siemens (SIE GY) +5.5%, Michelin (ML FP) + 5.3%, Rexel (RXL FP) +4.8%, Hermes (RMS FP) +3.3%, Unilever (ULVR LN) -1.0%, ThyssenKrupp (TKA GY) -1.5%, Mercedes Benz (MBG GY) -5.2%

Schroders (SDR LN) - Co. to bought by US investment firm Nuveen for a deal worth roughly GBP 9.9bln. (Schroders)
Siemens (SIE GY) - Q1 (EUR): Net income 2.2bln (prev. 3.90bln Y/Y), Revenue 19.1bln (exp. 22.4bln), Orders 21.37bln (exp. 20.85bln), raises FY EPS pre-PPA 10.70-11.10 (prev. guided 10.40-11.00) Comp Revenue +8% (exp. +6.95%) Notes Q1'25 net income benefited from a EUR 2.1bln gain from the sale of Innomotics.
Michelin (ML FP) - FY25 (EUR): EPS 2.36 (exp. 2.28), revenue 26bln (exp. 25.8bln). Adj. EBIT 2.72bln (exp. 2.61bln), adj. EBITDA 4.66bln (exp. 4.64bln). Plans a EUR 2bln share buyback over 2026-28. Tire markets are expected to remain stable over 2026, contracting slightly in the first half.
Rexel (RXL FP) - FY (EUR): Sales 19.4bln (exp. 19.4bln), Net Income 591.4mln, +7.3% Y/Y. Proposed dividend for 2025 of EUR 1.20/shr, a 52% payout ratio, maintaining a strong track record. 2026 outlook: 3% to 5% same-day sales growth, current adjusted EBITA margin at c. 6.2% and free cash flow conversion above 65%. (Rexel)
Hermes (RMS FP) - FY 2025 (EUR) Revenue 16bln (exp. 16bln), Op. Income 6.56bln (prev. 6.15bln Y/Y); notes that 2026 price increases would be around 5-6%, down from around 6-7% rate in 2025. Q4: Revenue 4.09bln (exp. 4.06bln). Revenue +9.8% (exp. +8.2%).
Hermes (RMS FP) - FY 2025 (EUR) Revenue 16bln (exp. 16bln), Op. Income 6.56bln (prev. 6.15bln Y/Y); notes that 2026 price increases would be around 5-6%, down from around 6-7% rate in 2025. Q4: Revenue 4.09bln (exp. 4.06bln). Revenue +9.8% (exp. +8.2%). Outlook: In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the group confirms an ambitious goal for revenue growth at constant exchange rates.
Unilever (ULVR LN) - Q4 2025 (EUR): Revenue 12.6bln (exp. 12.47bln), Underlying Sales +4.2% (exp. +3.97%); New EUR 1.5bln share buyback announced. (Unilever)
ThyssenKrupp (TKA GY) - Q1 (EUR): Sales 7.2bln (exp. 7.94bln), EPS -0.57 (exp. -0.26), Adj. EBIT 211mln (exp. 208.9mln). The group confirmed its forecast for the current fiscal year on this basis and continues to expect adjusted EBIT in a range between EUR 500-900mln. (ThyssenKrupp)
Mercedes-Benz Group (MBG GY) - FY25 (EUR): Net 5.33bln (exp. 4.9bln), Revenue 132.2bln (exp. 132.8bln), EBIT 1.76bln (exp. 1.73bln); sees 2026 Adj. ROS between 3-5% (exp. 5.79%). CEO: "Amid a dynamic market environment, our financial results remained within our guidance, thanks to our sharp focus on efficiency, speed, and flexibility". (Mercedes)