Danone exudes confidence, while ASMI and ABB surge on the back of semiconductors and data centers. Conversely, momentum shifts for Eurofins, hampered by weather conditions, Bureau Veritas, following the discovery of contractual irregularities, and FDJ, weighed down by tax headwinds.
ASM International (+8%): The semiconductor specialist beat first-quarter expectations with revenue of 863 million euros. Management now anticipates an acceleration in the second quarter, targeting revenue of 980 million euros, driven by growing demand for advanced technologies. Akzo Nobel (+5%): The "Dulux" paint manufacturer reported a 7% increase in first-quarter operating profit, excluding divestments in India. This performance was underpinned by a strategy of price hikes and cost reductions. ABB (+5%): Fueled by the boom in data center construction, the electrical engineering giant's order book jumped 24% in the first quarter of 2026 to reach a record 11.3 billion USD. Consequently, the Swiss group raised its growth and margin outlook for 2026. Genmab (+3%): The biotechnology firm benefited from a double upgrade by BNP Paribas and Goldman Sachs, moving from "neutral" to "buy." Analysts have set their respective price targets at 2,400 DKK and 2,200 DKK. Danone (+2%): The food & beverage group confirmed its 2026 financial targets after posting first-quarter revenue slightly above analyst forecasts. The French giant's revenue stood at 6.71 billion euros, representing a 2% decline. Stocks on the decline: Eurofins Scientific (-10%) tumbled after first-quarter revenue of 1.79 billion euros missed consensus (organic growth of 2.6% versus 4.8% expected), as winter storms in Northern Europe and North America disrupted testing operations. The laboratory is maintaining its annual targets nonetheless. Jefferies remains at "underperform" with a target of 48 euros. Bureau Veritas (-8%) saw its trust premium erode after uncovering "irregularities" in contracts in the Middle East and Africa, leading to the suspension of 185 million euros in business and a downward revision of 2026 organic growth from 4-9% to 4-6%. FDJ United (-6%) drew a losing hand by revising its 2026 guidance toward a slight decline in revenue instead of growth, as tax authorities increased the bill by nearly 90 million euros. The operator is pinning its hopes on the second half to reverse the trend despite a lackluster first quarter (revenue down 3.2% to 895 million euros). Wendel (-3%) secured 56% of Committed Advisors for 258 million euros in cash (plus 128 million euros in earn-outs), with the secondary market specialist strengthening a platform now totaling 49 billion euros. The market is struggling to digest a transaction that is dilutive in the short term, even though the holding company targets 200 million euros in revenue for 2026. JD Sports (-5%) is losing its captain with the announced departure of Chairman Andrew Higginson in July, to be replaced temporarily by Darren Shapland. The British sports retailer is feeling the impact of a leadership transition that creates uncertainty regarding future strategy.
La Française des Jeux (FDJ UNITED) is one of Europe's leading betting and gaming operators, with a vast portfolio of iconic brands and a reputation for technological excellence. With more than 5,000 employees and a presence in around 15 regulated markets in Europe, the Group offers a diversified, responsible range of games, both under exclusive rights and open to competition: lottery games in France and Ireland, via an extensive point-of-sale network and online, sports betting at points of sale in France, and online games open to competition (sports and horse-race betting, poker and online casino games, in markets where these activities are authorised).
FDJ UNITED Group has placed responsibility at the heart of its strategy and promotes recreational betting.
The Group is listed on the regulated market of Euronext Paris (Compartment A - FDJU) and is included in the SBF 120, Euronext 100, EN EZ ESG L 80, STOXX Europe 600 and FTSE Euro indices.
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