European Movers: Telefonica (TEF SM) +5.2%, ASML (ASML NA) +1%, National Grid (NG/ LN) +1.3%, Burberry (BRBY LN) -4.5%
Burberry (BRBY LN) - Q4 2026 (GBP): Revenue 2.42bln (prev. 2.46bln Y/Y), Adj. Op. Profit 160mln (prev. 26mln Y/Y). Retail comp sales +5% (exp. +4.6%). (Burberry)
National Grid (NG/ LN) - FY 2025/26 (GBP): Group Underlying Profit 5.68bln (prev. 5.22bln Y/Y), Underlying EPS 0.78 (prev. 0.73 Y/Y), Capital Investment 11.6bln (prev. 9.8bln). CEO: "We have delivered strong financial performance...setting the foundation to deliver compound annual growth rates across our five-year financial framework of around 10% asset growth and 8-10% underlying EPS growth." (National Grid)
Telefonica (TEF SM) - Q1 2026 (EUR): Revenue 8.13bln (exp. 8.14bln), Adj. EBITDA 2.84bln (prev. 2.80bln Y/Y), Operating Income 1.12bln (prev. 1.12bln Y/Y), affirms FY26 guidance and confirms EUR 0.15 dividend/shr in cash. Revenue grew 0.8% Y/Y, driven by the +1.1% Y/Y increase in service revenue, partially offsetting the -2.4% decrease in handset sales. (Telefonica)
ASML (ASML NA) / Chip - Companies react to reports that US approved around 10 Chinese firms to buy NVIDIA (NVDA) H200 chips.
The earnings reports from Telefonica, ASML, National Grid, and Burberry illustrate mixed results across sectors, with Telefonica and National Grid showing stable performances amidst affirmations of guidance and growth outlooks. Burberry's decline signals potential headwinds in the luxury segment, while ASML's reaction to U.S. approvals for NVIDIA chip sales could signal broader implications for the semiconductor market. Overall, market sentiment may reflect concerns over Burberry's results, contrasting with the positive guidance from Telefonica and National Grid.