Why is it rising? Why is it decreasing? Some explanations on the unusual variations which affect shares during the day’s session on European markets. Only when they are reliable and documented: we avoid telling nonsense as much as possible. Variations are taken at the time of writing the article.
Rising
Trigano (+10%): The recreational vehicle manufacturer exceeded expectations. Annual turnover amounted to 3.93 billion euros for the financial year, up 12.8%. This growth was mainly driven by the dynamism of the European market. Costs were very well controlled, allowing Trigano to post an operating margin of 12.2%.
OPmobility (+6%): The automotive supplier, formerly Plastic Omnium, continues to benefit from yesterday’s positive recommendation from Morgan Stanley. Morgan Stanley began monitoring the stock with an “Overweight” recommendation and a price target of 13.40 euros. The investment bank believes the stock has a compelling risk/reward bias, despite underperformance year-to-date. Morgan Stanley anticipates an improvement in investor sentiment thanks to stronger demand for internal combustion engines, less Chinese competition in Europe, and a stabilization of light vehicle production.
Cranswick (+6%): The British meat producer is confident about the results of its delayed financial year. Cranswick said the first half will be good thanks to increased volumes in its UK food business and a positive contribution from its pig farming operations.
BASF (+5.5%): The German chemicals giant announced a reduction in its annual dividend by 33% and a major reorganization. This decision aims to refocus the group on its strategic activities, such as chemicals, materials, industrial solutions and nutrition and to separate from its non-strategic activities, notably battery materials, coatings and agricultural solutions and the Brazilian decorative paints division. Thanks to this, by 2028, BASF intends to achieve an Ebitda excluding exceptional items of 10 to 12 billion euros, compared to 7.67 billion euros in 2023. Between 2025 and 2028, distributions to shareholders should be at minus 12 billion euros.
LVMH / Moncler (+2% / +10%): The world leader in luxury has taken an indirect stake in Moncler by purchasing 10% of Double R, the investment vehicle controlled by Remo Ruffini, which owns 15.8% of Moncler.
Declining
Nothing to report today.
