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
FlatexDEGIRO (+8%): The trading platform welcomed around 42,700 new customer accounts in November, bringing the total to 3.03 million. Assets under custody stood at €70.59 billion, with strong trading activity reported for the month.
X-Fab Silicon Foundries (+7%): The company updated its financial targets, forecasting to reach revenue of approximately $1.5 billion in 2030 with an EBITDA margin in the range of 35% . For 2026, X-Fab anticipates revenues of around $1.05 billion and an EBITDA margin of around 30%.
Pierre & Vacances (+7%): The operator of holiday villages and tourist residences recorded an annual net profit of 27.5 million euros, its first profits in 13 years. TP Icap Midcap welcomed these results by maintaining its buy recommendation, and Pierre & Vacances confirms its growth trajectory with adjusted EBITDA targets of 200 million in 2026 and 220 million in 2028.
Davide Campari (+4%): The spirits group has appointed Simon Hunt, an industry veteran with more than 30 years of experience, as its new managing director.
MFE-MediaForEurope (+3%): The media group is in discussions to obtain a loan of 3.4 billion euros to finance an offer for German competitor ProSiebenSat.1 (+12%).
SAP (+2%): JP Morgan reaffirmed its purchase recommendation on the software publisher, with an unchanged price target of 260 euros. Analyst Toby Ogg remains optimistic about the company’s growth prospects through 2028.
Declining
Vestas Wind Systems (-6%): Hans Martin Smith, the CFO, plans to resign by the end of 2024. The company has started the search for a new CFO and Rasmus Gram will temporarily assume the role until a successor is appointed.
Orange (-3%): Morgan Stanley lowered its recommendation from “Overweight” to “Online Weighting”, with a price target reduced to 12.5 euros. The bank cites increased competition in France, which represents more than half of the operator’s enterprise value.
Carlsberg (-3%): The Danish brewer announced the sale of its Russian subsidiary Baltika Breweries to two of its employees, putting an end to a legal dispute arising from the takeover of these activities by the Russian authorities.
Business
