WEBVTT - Moncler Jumps, Kingspan, Danone Dips

0:00:02.520 --> 0:00:08.720
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

0:00:08.720 --> 0:00:12.560
<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

0:00:12.600 --> 0:00:15.880
<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

0:00:16.720 --> 0:00:18.239
<v Speaker 1>Let's take a look at some of the stocks on

0:00:18.239 --> 0:00:20.440
<v Speaker 1>the move today here in Europe. I'm Caroline Hedge and

0:00:20.440 --> 0:00:23.880
<v Speaker 1>I'm joined Bubblinberg, reporter of Chloe Malay. Happy Friday, Chloe,

0:00:24.000 --> 0:00:26.279
<v Speaker 1>Happy Friday to almost at the end of the week.

0:00:26.880 --> 0:00:31.200
<v Speaker 1>But actually some huge moves this Friday. In particular Manclaire,

0:00:31.600 --> 0:00:34.680
<v Speaker 1>the kind of fancy clothing brand rising the most since

0:00:34.720 --> 0:00:37.639
<v Speaker 1>September twenty twenty four, has propelled that.

0:00:38.080 --> 0:00:41.120
<v Speaker 3>Yeah, well, it has reported a very very strong earning.

0:00:41.200 --> 0:00:45.080
<v Speaker 3>So the fourth quarter results was significantly ahead of expectations

0:00:45.240 --> 0:00:48.400
<v Speaker 3>for the maker of those high end puffer jackets. There's

0:00:48.640 --> 0:00:51.800
<v Speaker 3>that winter luxury. So there was in particular lot of

0:00:51.800 --> 0:00:54.600
<v Speaker 3>strength in the Chinese market, which is obviously a very

0:00:54.680 --> 0:00:58.080
<v Speaker 3>key market for the luxury sector because it's a massive

0:00:58.080 --> 0:00:59.920
<v Speaker 3>market to begin with, but it's also one that has

0:01:00.000 --> 0:01:04.040
<v Speaker 3>struggled lately, so any indication of it doing better is

0:01:04.080 --> 0:01:06.880
<v Speaker 3>taken very well usually, and so the fact that Montclair

0:01:06.920 --> 0:01:09.959
<v Speaker 3>performs so well in China was seen as very reassuring

0:01:10.000 --> 0:01:12.160
<v Speaker 3>and explains that big boost in the shares that we

0:01:12.240 --> 0:01:16.720
<v Speaker 3>saw this morning, and the US have also driven at

0:01:16.720 --> 0:01:18.720
<v Speaker 3>the shares in other luxury names higher. So we had

0:01:18.840 --> 0:01:21.760
<v Speaker 3>LVMH actually also in the green this morning. Christian do

0:01:21.840 --> 0:01:25.440
<v Speaker 3>you're also in the green, So we are definitely getting

0:01:25.520 --> 0:01:27.720
<v Speaker 3>that kind of reader cross and all of the big

0:01:27.760 --> 0:01:30.600
<v Speaker 3>luxury companies in Europe have now reported. We've just have

0:01:30.720 --> 0:01:33.200
<v Speaker 3>Prada that is left, and so far it's been a

0:01:33.280 --> 0:01:34.399
<v Speaker 3>little bit of a mixed bag.

0:01:34.520 --> 0:01:36.920
<v Speaker 4>Maybe, So we had LVMH issuing.

0:01:36.600 --> 0:01:39.479
<v Speaker 3>Quite a cautious outlook, but then the rest did actually

0:01:39.480 --> 0:01:41.959
<v Speaker 3>pretty well. We had turned around plans and caring and

0:01:42.000 --> 0:01:45.039
<v Speaker 3>barbary starting to pay off. We have the super high

0:01:45.160 --> 0:01:48.320
<v Speaker 3>end market occupied by m IS also still in very

0:01:48.360 --> 0:01:49.000
<v Speaker 3>good shape.

0:01:49.120 --> 0:01:50.760
<v Speaker 4>So we'll have to see how the rest of the

0:01:50.840 --> 0:01:51.760
<v Speaker 4>year it turns out.

0:01:52.160 --> 0:01:56.160
<v Speaker 1>Yeah, absolutely, did you spot that Montclair did make one

0:01:56.200 --> 0:01:59.080
<v Speaker 1>of the uniforms, so one of the teams at the

0:01:59.120 --> 0:02:01.640
<v Speaker 1>Italian Winter Olympics. I did not see that, did you not?

0:02:01.920 --> 0:02:04.880
<v Speaker 1>Team Brazil if you want to look. Yeah, and they

0:02:04.880 --> 0:02:08.960
<v Speaker 1>were obviously kind of large sweeping puffer jackets in kind

0:02:09.000 --> 0:02:10.760
<v Speaker 1>of white and silver. Anyway, there you go a bit

0:02:10.760 --> 0:02:13.040
<v Speaker 1>of fashion on the side, as we see that share

0:02:13.040 --> 0:02:17.239
<v Speaker 1>price increase. Okay, something well, maybe more mundane. Construction firm

0:02:17.360 --> 0:02:21.640
<v Speaker 1>kings Span also up today reporting record revenue. How's that

0:02:21.680 --> 0:02:22.120
<v Speaker 1>come about.

0:02:22.280 --> 0:02:23.960
<v Speaker 3>Yeah, it's a little bit more mundane, but it's actually

0:02:24.000 --> 0:02:26.640
<v Speaker 3>very interesting. So a reported record revenue that is thanks

0:02:26.680 --> 0:02:29.840
<v Speaker 3>to its exposure to data centers. So the data center

0:02:29.880 --> 0:02:32.560
<v Speaker 3>business was very strong and that I was able to

0:02:32.600 --> 0:02:36.360
<v Speaker 3>offset some of the weakness in residential and industrial and markets.

0:02:36.400 --> 0:02:38.400
<v Speaker 3>And it's really interesting because it's part of this broader

0:02:38.400 --> 0:02:41.760
<v Speaker 3>trend that we've seen among industrial companies in Europe where

0:02:41.760 --> 0:02:44.919
<v Speaker 3>they're really benefiting from that exposure to those AI data

0:02:44.919 --> 0:02:47.120
<v Speaker 3>centers and that proving to be a bit of a

0:02:47.160 --> 0:02:49.480
<v Speaker 3>saving grace for them because the rest of their end

0:02:49.480 --> 0:02:52.480
<v Speaker 3>markets are much weaker. So we saw that with the

0:02:52.560 --> 0:02:56.600
<v Speaker 3>French infrastructure firm Vanci for example, the Swedish company Skanska.

0:02:57.200 --> 0:02:58.520
<v Speaker 4>Both of them are involved in.

0:02:58.480 --> 0:03:01.480
<v Speaker 3>Those really big data center and that is really driving

0:03:01.560 --> 0:03:04.919
<v Speaker 3>growth because the housing market, where they're also involved is

0:03:04.960 --> 0:03:08.360
<v Speaker 3>a lot weaker in Europe. It also applies to chemicals firms,

0:03:08.400 --> 0:03:11.360
<v Speaker 3>so we had Seeker, for example, which provides chemicals for

0:03:11.480 --> 0:03:14.440
<v Speaker 3>the construction industry, reporting today as well, and they had

0:03:14.440 --> 0:03:16.679
<v Speaker 3>a really strong margin guidance, and a lot of that

0:03:17.000 --> 0:03:20.000
<v Speaker 3>is being driven by the data center business. So there's

0:03:20.000 --> 0:03:22.480
<v Speaker 3>really this wider trend that we're seeing that is definitely

0:03:22.520 --> 0:03:25.560
<v Speaker 3>worth watching, where the data center exposure is proving to

0:03:25.600 --> 0:03:27.919
<v Speaker 3>be really beneficial for those companies.

0:03:28.560 --> 0:03:32.840
<v Speaker 1>Okay, so that's king Spam. Danone reported higher sales in

0:03:32.880 --> 0:03:35.640
<v Speaker 1>the fourth quarter, and again this is quite interesting. It's

0:03:35.640 --> 0:03:40.840
<v Speaker 1>about nutrition and sort of medical kind of applications for yogurts.

0:03:41.080 --> 0:03:41.360
<v Speaker 4>Yeah.

0:03:41.400 --> 0:03:44.440
<v Speaker 3>Absolutely, so we had the sales coming in higher than expectations,

0:03:44.480 --> 0:03:46.680
<v Speaker 3>and as you mentioned, because of really strong demand for

0:03:46.760 --> 0:03:50.320
<v Speaker 3>medical nutrition products, but then also for high protein products

0:03:50.360 --> 0:03:52.360
<v Speaker 3>with part of this kind of protein craze that we've

0:03:52.400 --> 0:03:55.640
<v Speaker 3>seen lately, and obviously dan On yogurts are very popular.

0:03:56.280 --> 0:03:58.280
<v Speaker 4>But then the shows were a little bit weaker this morning.

0:03:58.320 --> 0:04:01.760
<v Speaker 3>That is because volumes actually missed, so sales beat the

0:04:01.880 --> 0:04:05.240
<v Speaker 3>volumes missed. And then there's also this continued impact of

0:04:05.280 --> 0:04:08.720
<v Speaker 3>this infant formula recause that is still very much dominating

0:04:08.760 --> 0:04:11.240
<v Speaker 3>the conversation, and the company said there will be no

0:04:11.360 --> 0:04:15.080
<v Speaker 3>material financial impact for this year, but then mentioned a

0:04:15.120 --> 0:04:18.080
<v Speaker 3>potential impact on sales of about one percent in the

0:04:18.120 --> 0:04:21.120
<v Speaker 3>first quarter, so that might be weighing on the shares

0:04:21.200 --> 0:04:23.920
<v Speaker 3>a little bit, and lets are saying that overall this

0:04:23.960 --> 0:04:27.560
<v Speaker 3>is actually really solid results. The ana RBC said that

0:04:27.600 --> 0:04:30.000
<v Speaker 3>this was an exemplary set of results from one of

0:04:30.080 --> 0:04:33.880
<v Speaker 3>the highest quality companies in their coverage. But this infant

0:04:33.920 --> 0:04:37.680
<v Speaker 3>formula issue thistle. This volume weakness is clouding the outlook

0:04:37.960 --> 0:04:40.719
<v Speaker 3>just a little bit, so that might be the focus

0:04:40.760 --> 0:04:41.719
<v Speaker 3>for a little while longer.

0:04:42.680 --> 0:04:46.720
<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

0:04:46.800 --> 0:04:49.400
<v Speaker 2>us throughout the day for the latest roundup of companies

0:04:49.440 --> 0:04:52.520
<v Speaker 2>making news on Wall Street and for the latest market

0:04:52.560 --> 0:04:57.040
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:04:57.120 --> 0:05:00.640
<v Speaker 2>Bloomberg dot com, and on Applecarplay, and write auto with

0:05:00.680 --> 0:05:06.839
<v Speaker 2>the Bloomberg Business app MHM.