Why is it rising? Why is it falling? 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
Just Eat Takeaway.com (+15%): The food delivery company announced the sale of its subsidiary Grubhub to Wonder Group for $650 million. The transaction, which is expected to be completed in the first quarter of 2025, will allow Just Eat to focus more on markets where it is better positioned.
Auto1 (+15%): The online car dealership raised its profit forecasts after a very good quarter. The company now forecasts adjusted operating profit between 72 and 84 million euros for 2024, compared to a previous range of 45 to 65 million euros.
Siemens Energy (+13%): The manufacturer of equipment for energy production has raised its medium-term financial objectives: for the period 2025-2028, the group expects annual growth in its turnover between top of the single-digit range and the bottom of the two-digit range.
Smiths Group (+10%): The London-based engineering company raised its guidance for the year after a strong start to the financial year. The share buyback program is increased. Organic growth is now expected between 5% and 7%.
Ionic (+3%): The Internet service provider published good figures. Turnover increased by 8% over the first nine months of the year. The margins hold up very well.
Declining
RTL Group (-12%): The European media group reduced its revenue forecast due to a tepid performance from the content production unit and a complicated German television advertising market. The company expects revenue of 6.3 billion euros for 2024, compared to a previous forecast of 6.6 billion euros, and adjusted EBITDA at the low end of the range of 700 million to 800 million euros.
Alcon (-4.5%): The ophthalmic care and devices giant revised its projections for the year after a timid quarter. The company now expects revenue of $9.8 billion to $9.9 billion, up from $9.9 billion to $10.1 billion, and a core EBITDA margin of 20.5-21.0%, up from previous range of 20.5-21.5%.
Experian (-4%): The credit checking company recorded a drop in profits in the first half of its staggered financial year due to high interest rates. It was predictable but investors still expected a little better.
Ypsomed (-1%): The medical device producer announced plans to sell its Diabetes Care unit, which is expected to break even in the fourth quarter of fiscal 2025. The company plans to focus on its delivery systems business following this transfer.
Business
