Europe: weekly earnings summary 9. May
The STOXX Europe 600 index rose 1.09% last week. The earnings season in Europe shows a clear pattern: many companies, especially banks and insurers, are improving profitability thanks to stricter cost control and efficiency, even if revenue growth is modest or declining.
RHMRheinmetall (RHM)
The defense company's operating profit grew by 12.6% in the first quarter due to high demand for ammunition. At the same time, revenue fell by 15.8% due to temporary supply chain bottlenecks and a high comparison base from the previous year. Although the company confirmed its full-year guidance, the market reacted negatively to the decline in revenue, and the stock ended the week down 12.2%.
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