European Movers: Vinci (DG FP) +5.5%, Orsted (ORSTED DC) +2.3%, Societe Generale (GLE FP) -2.0%, Sabadell (SAB SM) -6.2%, Coloplast (COLOB DC) -6.8%, Stellantis (STLAM IM/STLAP FP) -14.4%
This morning's earnings results from key European companies show a mixed bag, with standout performance from Vinci and Orsted, despite the latter's disappointing EPS.
ECB's Rehn on their next meeting in March says they will be receiving new data and updates for ECB's forecast, allowing them to refine their assessment of the Euro area's growth momentum and inflation dynamic
EUROPEAN OPEN: AMZN slides amid miss and capex concerns; GLE FP launches buyback after profit beat; ORSTED DC miss, weak guide, impairments; STLAM IM to take charge, suspends dividend; US launches TrumpRx medicine platform
European Movers: Vinci (DG FP) +5.5%, Orsted (ORSTED DC) +2.3%, Societe Generale (GLE FP) -2.0%, Sabadell (SAB SM) -6.2%, Coloplast (COLOB DC) -6.8%, Stellantis (STLAM IM/STLAP FP) -14.4%
UK and China working group will work towards an MOU between the PBoC and BoE
Swiss Unemployment Rate (Jan) 3.2% (Prev. 3.1%, Low. 3.0%, High. 3.1%)
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Coloplast (COLOB DC) - Q1 (DKK): Revenue 7.04bln (exp. 7.13bln), Adj. EBIT 1.85bln (exp. 1.94bln). FY guidance unchanged.
Orsted (ORSTED DC) - Q4 (DKK): EPS -5.70 (exp. -0.32), Revenue 23.1bln (exp. 20.5bln), EBITDA 3.86bln (prev. 8.25bln Y/Y). FY Outlook: Adj. EBITDA 28bln (exp. 28.7bln).
Sabadell (SAB SM) - FY (EUR): NII 4.84bln (prev. 5.02bln Y/Y), Net Profit 1.78bln (prev. 1.83bln Y/Y), announced EUR 800mln share buyback programme.
Societe Generale (GLE FP) - Q4 (EUR): Net Income 1.42bln (exp. 1.22bln), Revenue 6.74bln (exp. 6.6bln). Proposed a cash dividend of EUR 1.61/shr (incl. interim EUR 0.61/shr); share buyback programme of EUR 1.46bln.
Stellantis (STLAM IM/STLAP FP) - Co. to incur a charge of EUR 22.2bln, in relation to a business reset which aims to support profitable growth. Business Reset: Board authorised the issuance of up to EUR 5bln non-convertible subordinated perputatial hybrid bond. The Company will not pay a dividend in 2026.
Vinci (DG FP) - FY25 (EUR): EPS 8.65 (exp. 8.45), Revenue 74.6bln (exp. 74bln). 2026 outlook: Further revenue and earnings growth expected.
Meanwhile, the significant drop for Stellantis raises concerns given their massive reset charge, suggesting a pivot strategy that may impact growth potential for the foreseeable future. The broad response across sectors indicates investor wariness, particularly with negative figures from Coloplast and Banco de Sabadell.
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