1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:18,159 Speaker 1: Well, let's take a look at some stocks on the 5 00:00:18,160 --> 00:00:20,800 Speaker 1: move today in Europe. I'm Stephen Caroll with Lizzie Burdon, 6 00:00:20,840 --> 00:00:24,239 Speaker 1: and we're joined by Bloomberg reporter Chloe Melee Chloy. Good morning, 7 00:00:24,440 --> 00:00:27,560 Speaker 1: Good morning. Let's start then with a jump for adi 8 00:00:27,640 --> 00:00:29,280 Speaker 1: Das after their latest results. 9 00:00:29,720 --> 00:00:32,000 Speaker 3: Yes, it's a great day for Eddides today. They reported 10 00:00:32,080 --> 00:00:35,440 Speaker 3: stronger than expected profit, also announced a new buyback and 11 00:00:35,479 --> 00:00:38,640 Speaker 3: this really helped to reassure investors after quite a lot 12 00:00:38,640 --> 00:00:41,440 Speaker 3: of weakness in those shares lately. There was a lot 13 00:00:41,440 --> 00:00:45,360 Speaker 3: of concerns among investors that currency headwinds and in taris 14 00:00:45,360 --> 00:00:48,360 Speaker 3: would really start to weigh on performance. So there may 15 00:00:48,400 --> 00:00:51,640 Speaker 3: be the momentum behind some of the flagship products that 16 00:00:51,760 --> 00:00:54,440 Speaker 3: Edidas has would start to slow down a little bit. 17 00:00:54,520 --> 00:00:57,400 Speaker 3: But the strong results that we have this morning and 18 00:00:57,400 --> 00:01:00,320 Speaker 3: then the buyback were really reassuring, and now an listener 19 00:01:00,360 --> 00:01:03,240 Speaker 3: saying that momentum could actually go even further in twenty 20 00:01:03,280 --> 00:01:05,320 Speaker 3: twenty six, given that there's actually, of course quite a 21 00:01:05,360 --> 00:01:06,959 Speaker 3: lot of sports this year. You know, things like the 22 00:01:07,000 --> 00:01:09,760 Speaker 3: Football World Cup will be really great for Adidas. There 23 00:01:09,840 --> 00:01:12,600 Speaker 3: was really something to capitalize on for them. And the 24 00:01:12,640 --> 00:01:16,120 Speaker 3: company is also now really trying to diversify some of 25 00:01:16,160 --> 00:01:18,520 Speaker 3: its growth drivers. You know, for a while, it has 26 00:01:18,800 --> 00:01:21,640 Speaker 3: really relied on how popular it's retro sneakers were, so 27 00:01:21,720 --> 00:01:24,479 Speaker 3: we saw the sambur and the Gazelle everywhere in London, 28 00:01:24,480 --> 00:01:26,960 Speaker 3: for example. But now it wants to tap a little 29 00:01:26,959 --> 00:01:30,640 Speaker 3: bit more into running into football demandster kind of refocusing 30 00:01:30,880 --> 00:01:34,080 Speaker 3: on sports over fashion perhaps a little bit. And investors 31 00:01:34,120 --> 00:01:36,680 Speaker 3: and analysts have said that there are signs that the 32 00:01:36,760 --> 00:01:39,200 Speaker 3: sneaker boom is slowing down a little bit, so it 33 00:01:39,240 --> 00:01:41,679 Speaker 3: might be actually a perfect time for Adidas to kind 34 00:01:41,680 --> 00:01:43,200 Speaker 3: of go back to those sports routes. 35 00:01:43,280 --> 00:01:46,520 Speaker 2: Yeah, Bloomberg Opinion, Calmus Andrea Felsted was telling us that 36 00:01:46,560 --> 00:01:47,520 Speaker 2: the trainers are dead. 37 00:01:47,960 --> 00:01:49,560 Speaker 1: Feel like that's going to make people look a bit 38 00:01:49,600 --> 00:01:51,880 Speaker 1: fuddy dotty if they're still wearing them in the office. 39 00:01:51,880 --> 00:01:53,360 Speaker 1: Trainers used to make you look useful. 40 00:01:53,640 --> 00:01:57,240 Speaker 3: But speaking of stocks to watch, Swatch also on your 41 00:01:57,320 --> 00:01:59,600 Speaker 3: radar this morning. Yeah, it seems for Swatch that twenty 42 00:01:59,840 --> 00:02:02,560 Speaker 3: six will be a very different year to twenty twenty five. 43 00:02:02,640 --> 00:02:04,880 Speaker 3: So if we look at the results for twenty twenty five, 44 00:02:04,960 --> 00:02:08,760 Speaker 3: the profit fell more than fifty percent and miss expectations 45 00:02:08,760 --> 00:02:10,880 Speaker 3: by quite a large margin, and that was because of 46 00:02:11,120 --> 00:02:13,160 Speaker 3: a lot of weakness in China and then of course 47 00:02:13,520 --> 00:02:15,799 Speaker 3: tariffs from the US, which meant that the US market 48 00:02:15,880 --> 00:02:18,880 Speaker 3: was also a lot weaker. But then Swatch said this 49 00:02:18,919 --> 00:02:22,400 Speaker 3: morning that it actually expects really substantial growth for twenty 50 00:02:22,440 --> 00:02:24,480 Speaker 3: twenty six, and it said that it had seen a 51 00:02:24,520 --> 00:02:27,080 Speaker 3: rebound in demand over the second half of the year, 52 00:02:27,840 --> 00:02:30,040 Speaker 3: that it had had a particularly good fourth quarter, and 53 00:02:30,080 --> 00:02:32,399 Speaker 3: so that boads really well for this year. And it's 54 00:02:32,440 --> 00:02:35,520 Speaker 3: obviously been an interesting few months, an interesting year for 55 00:02:35,560 --> 00:02:39,200 Speaker 3: the watchmaking industry. We had, of course Trump imposing thirty 56 00:02:39,280 --> 00:02:42,480 Speaker 3: nine percent tariffs on Switzerland and walking those back, and 57 00:02:42,560 --> 00:02:45,320 Speaker 3: it seems that the reduction of tariffs actually meant that 58 00:02:45,400 --> 00:02:48,880 Speaker 3: Swiss watch exports returned to growth in December because brands 59 00:02:48,880 --> 00:02:52,680 Speaker 3: were rushing to send inventory to the US after the 60 00:02:52,720 --> 00:02:55,600 Speaker 3: tariffs were eased. And so it seems that now that 61 00:02:55,639 --> 00:02:58,440 Speaker 3: watchmaking industry is kind of turning a corner. We had 62 00:02:58,440 --> 00:03:00,680 Speaker 3: a reach more earlier in this earning sea, which is 63 00:03:00,720 --> 00:03:04,480 Speaker 3: also another big Swiss watchmaker reporting a pretty good quarter, 64 00:03:04,560 --> 00:03:08,600 Speaker 3: pretty up bey outlook, so definitely good news for that sector. 65 00:03:09,560 --> 00:03:11,440 Speaker 1: Okay, I'm going to do my best impression of a 66 00:03:11,880 --> 00:03:15,640 Speaker 1: comedy radio show house. Now, who's not in the mood 67 00:03:16,000 --> 00:03:17,560 Speaker 1: for lighter news this morning? 68 00:03:17,680 --> 00:03:19,000 Speaker 2: It's like the Irish alon park. 69 00:03:19,160 --> 00:03:24,560 Speaker 3: Yeah, I chose this dog just because of the pun potential. 70 00:03:24,639 --> 00:03:27,720 Speaker 3: So Signify as a lamp maker and not very bright 71 00:03:27,760 --> 00:03:30,960 Speaker 3: results for Signify this morning. Just issued a profit warning 72 00:03:30,960 --> 00:03:33,800 Speaker 3: and decided not to provide revenue guidance at this point. 73 00:03:33,840 --> 00:03:36,600 Speaker 3: It started a cost reduction program that will impact about 74 00:03:36,680 --> 00:03:39,360 Speaker 3: nine hundred jobs, said that I'll be pausing share buyer 75 00:03:39,400 --> 00:03:42,000 Speaker 3: backs for the foreseeable and it also said that those 76 00:03:42,040 --> 00:03:45,920 Speaker 3: difficult conditions would continue throughout the year. So, according to analyst, 77 00:03:45,920 --> 00:03:49,040 Speaker 3: there's a few reasons why this company is currently in 78 00:03:49,040 --> 00:03:51,640 Speaker 3: the situation that it's finding itself in, and it is 79 00:03:51,680 --> 00:03:54,080 Speaker 3: because there's lower demand. You know, it's exposed to the 80 00:03:54,080 --> 00:03:57,040 Speaker 3: construction market, so if there are few things to being built, 81 00:03:57,040 --> 00:04:00,480 Speaker 3: there's less need for lights being installed. This tariffs as 82 00:04:00,480 --> 00:04:03,360 Speaker 3: well weighing on the company and this pricing pressure, and 83 00:04:03,440 --> 00:04:06,000 Speaker 3: so Morgan Stanley analyst said that the results were a 84 00:04:06,040 --> 00:04:09,400 Speaker 3: material negative for a stock that investors were already quite 85 00:04:09,400 --> 00:04:12,200 Speaker 3: cautious on, and so we saw the Shes really tumbling 86 00:04:12,240 --> 00:04:14,880 Speaker 3: this morning, and it's probably going to be quite hard 87 00:04:14,880 --> 00:04:16,560 Speaker 3: for Signified to come back from them. 88 00:04:17,640 --> 00:04:21,680 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 89 00:04:21,760 --> 00:04:24,320 Speaker 2: us throughout the day for the latest roundup of companies 90 00:04:24,400 --> 00:04:27,480 Speaker 2: making news on Wall Street and for the latest market 91 00:04:27,520 --> 00:04:31,960 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 92 00:04:32,080 --> 00:04:35,599 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 93 00:04:35,640 --> 00:04:37,159 Speaker 2: the Bloomberg Business app.