European Movers: Wacker Chemie (WCH GY) +8.1%, Inditex (ITX SM) +4.5%, Porsche (P911 GY) +1.2%, SAP (SAP GY) -1.6%, Rheinmetall (RHM GY) -4.1%, Gerresheimer (GXI GY) -14.2%

Gerresheimer (GXI GY) - Publication of the 2025 annual and consolidated financial statements has been delayed, because the ongoing investigations by a second external auditing firm into business transactions in financial years 2024 and 2025 and the preparation of the documents required for the audit are taking longer than expected. (Gerresheimer)

Inditex (ITX SM) – Q4 2025 (EUR): EBIT 2.05bln (exp. 2.02bln), Revenue 11.6bln (exp. 11.7bln). Notes that Feb 1 – Mar 8 Revenue  +9% Y/Y (prev. +7% Y/Y). FY: EBITDA 11.3bln (exp. 11.2bln), Net Income 6.2bln (exp. 6.17bln), Sales 39.9bln (exp. 39.9bln). (Inditex)

Porsche AG (P911 GY) – FY 2025 (EUR): Revenue 36.3bln (exp. 36.8bln), Op. Profit 413mln (exp. 480mln), Deliveries to customers  279,449 (prev. 310,718 Y/Y). FY Outlook: Revenue 35-36bln (exp. 36.7bln), RoS 5.5-7.5% (exp. 7.89%). 

Rheinmetall (RHM GY) – FY 2025 (EUR): Net Income 696mln (exp. 1.15bln), Revenue 9.9bln (prev. 9.75bln Y/Y), Backlog 63.8bln  (prev. 49.9bln Y/Y). Raises dividend to EUR 11.50/shr (prev. EUR 8.10/shr).Guides initial FY26 Revenue 14-14.5bln (exp. 15bln), Op.  Margin 19% (exp. 19.1%). (Rheinmetall)

SAP (SAP GY) - Oracle (ORCL) shares rose 11.6% in extended trading after it reported earnings and revenue above expectations, and raised  its FY revenue guidance as cloud revenue surged.

Wacker Chemie (WCH GY) - FY 2025 (EUR): EPS -16.53 (exp. -0.79), Sales 5.49bln (exp. 5.47bln). (Wacker Chemie)

Today's European movers are marked by substantial earnings results, particularly Inditex, which beat expectations on EBIT and revenue, indicating strong ongoing sales growth—this supports a bullish outlook for the consumer discretionary sector. Conversely, Gerresheimer's delayed financial statement publication signals potential operational issues, and SAP's decline may reflect broader concerns following Oracle's earnings blowout, which could shift investor sentiment in software stocks away from SAP. Overall, focus on these dynamics, particularly between consumer and tech sectors, as they may drive market sentiment going forward.