The Engie brand is on the face of an workplace constructing in Lindau, Bavaria, Germany, on February 22, 2026.
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LONDON — European shares closed combined on Thursday, as company earnings took the highlight.
Whereas the pan-European Stoxx 600 completed the session slightly below the flatline, most main bourses ended the day in constructive territory.
It was a busy day for earnings in Europe with Deutsche Telekom, Schneider Electrical, Allianz, AXA, Munich Re, Engie, Eni, Saint-Gobain, London Inventory Change Group, Stellantis and Covestro among the many companies reporting on Thursday.
German sportswear big Puma revealed its full-year earnings for 2025 on Thursday morning, reporting a 13.1% decline in gross sales that it attributed to its technique “reset,” which was accomplished final yr. The corporate additionally pointed to currencies being a headwind. Shares ended the day greater than 9% increased.
Puma share value
The agency reported an working lack of 357.2 million euros ($421.8 million), down from an working revenue of 548.7 million the earlier yr. The loss was narrower than the 374.3 million euro loss anticipated in an analyst consensus supplied by Puma.
Puma stated gross sales declined notably within the second half of the yr, whereas its revenue margin fell by 260 foundation factors to 45%. It proposed canceling dividend payouts for 2025, and stated it anticipated to report an working lack of between 50 million and 150 million euros this yr.
In a Thursday be aware, analysts at Jefferies stated the earnings report confirmed Puma had made progress “barely forward of the journey mapped out within the closing levels of 2025” with “no main surprises from a troublesome finish to 2025.”
“The group had already outlined 2026 as a transition yr and steerage right now feels constant,” they stated.
Britain’s Rolls-Royce stated Thursday it expects income of over £4 billion ($5.42 billion) in 2026, because it reported a larger-than-expected revenue soar of 40% for 2025. London-listed shares of the corporate ended Thursday up 3.2%.
LSEG superior greater than 9% after it unveiled plans for a £3 billion share buyback. The monetary markets knowledge and infrastructure supplier’s annual pre-tax income reached £1.97 billion, up 56% on the earlier yr.
Elsewhere in company earnings, Allianz achieved its greatest ever full-year working revenue, at 17.4 billion euros, a year-on-year rise of 8.4%. Shares within the German multinational insurance coverage and monetary companies big ended greater than 0.8% increased. AXA closed greater than 1% increased after the French multinational insurer’s underlying earnings got here in at 8.4 billion euros for the yr, up 6% year-on-year.
Shares in Engie superior greater than 7% after the French utility identify stated it was shopping for U.Ok. Energy Networks, an electrical energy supplier that runs the facility grid for London and the southeast of England area, in a deal value £10.5 billion (roughly $14 billion).
The constructive course in European equities comes regardless of continued uncertainty over international commerce after President Donald Trump’s tariff bulletins final weekend.
Nonetheless, markets have been relieved {that a} common 10% tariff got here into impact quite than the threatened increased 15% charge, and a focus has turned to earnings stories.
The S&P 500 was final seen practically 1% decrease as Nvidia‘s inventory slipped 4% Thursday after the chip big posted a fourth-quarter earnings and income beat Wednesday. On Wall Avenue, the Nasdaq Composite was final seen nearly 1.7% decrease, whereas the Dow Jones Industrial Common fell about 0.4%.
Asia-Pacific markets rose in a single day, monitoring Wall Avenue positive aspects as sturdy earnings lifted investor sentiment.
