European Markets in the Red, Nexi Plummets on Earnings

(Alliance News) - European stock markets resumed selling at the start of the sixth day of conflict between Iran, Israel, and the USA, as traders monitor developments that currently show no signs of de-escalation.

Thus, the Mib drops 0.8% to 45,068.43 points, the Mid-Cap falls 1.0% to 56,682.26, the Small-Cap retreats 0.6% to 34,911.49, and Italy Growth posts a loss of 0.2% at 8,458.24 points.

Other markets are also negative: the CAC 40 is down 0.6%, the DAX 40 by 0.4%, and the FTSE 100 by 0.1%.

In Milan, Snam – up 0.9% – approved its 2025 results on Thursday, "well above guidance," and approved its strategic plan for the 2026-2030 five-year period.

The group's adjusted net profit for 2025 was EUR1.42 billion, up more than 10%, or EUR133 million, compared to EUR1.26 billion the previous year.

The company reported total revenues of EUR3.89 billion, an increase of 8.9% from EUR3.57 billion in the previous year.

At the open, Nexi also released its 2025 results and raised its dividend. The company reported revenues of EUR3.59 billion, up 2.1% from EUR3.51 billion for the year ended December 2024.

Group net profit rose 7.2% to EUR783.3 million from EUR730.4 million the previous year. The stock is down 18% to EUR2.784 per share after the company stated that 2026 will be a transition year.

Amplifon – with sales down 15% – is exiting the UK market, selling its network of around 100 directly operated clinics in the country, which generates annual revenues of about EUR33 million, to Hidden Hearing, a company in the Demant group.

The company also announced it closed 2025 with an adjusted net profit of EUR159.2 million, down from EUR188.1 million as of December 31, 2024. Net revenues in 2025 were EUR2.40 billion, compared to EUR2.41 billion the previous year.

Campari, which closed 2025 with group net profit of EUR346.3 million, up 72% from EUR201.6 million in 2024, is trading up 6.1%.

The company's adjusted net profit was EUR386.1 million, up 2.7% from EUR376.0 million the previous year.

Strong buying on STMicroelectronics, up 4.9% to EUR29.10 per share, and on Eni, up 0.72%. Banks fell, with MPS down 4.3% and Mediobanca down 3.2%.

On the Mid-Cap, MAIRE – down 2.4% – closed 2025 with net profit of EUR284.5 million, up 34% from EUR212.4 million the previous year, marking the highest level ever reached by the group and with a margin on revenues rising to 4.0% from 3.6% in 2024.

In line with what was stated last January, Kepler Cheuvreux confirmed its 'buy' recommendation and target price of EUR4.10 on Ferretti, highlighting the brand's strength, breadth of offering, use of cutting-edge facilities, and board experience as key strengths. The stock is up 0.3%.

Ariston, which is preparing to close the Riello deal by the first half of the year, is down 1.5% to EUR4.218 per share.

Comer Industries rises 0.9% to EUR46.80 per share, while d'Amico International Shipping ends the list with losses of 5.2% at EUR7.44 per share.

On the Small-Cap, Bologna Guglielmo Marconi Airport announced that in February the airport recorded 681,053 passengers, up 5.9% from the same month in 2025, marking the best February ever in the airport's history. The stock is up 0.9%.

Banca CF+, regarding the takeover bid for Banca Sistema – up 0.9% on the day – explained that 56.9 million Banca Sistema shares, equal to 70.732% of the share capital and 69.047% of the related voting rights, have been tendered to the offer.

OPS Italia – potentially up 3.7% – has resolved to file with the Milan Court an application for access to a crisis and insolvency regulation instrument with a simultaneous request for protective measures.

BasicNet is up 4.7%, while Fidia remains bearish with losses of 8.4%.

Among SMEs, Franchetti – up 1.8% – has, through a newly established Brazilian subsidiary, signed a binding agreement to acquire 55% of the share capital of ECR Engenharia and ECR Tecnologia e Engenharia.

Siav, down 1.6%, has completed the sale of its 20.54% stake in Consis Società Consortile a responsabilità limitata to Consis Group, the parent company of Consis.

At the same time, the company acquired from Consis the business unit related to "Document Management" activities in the public healthcare sector.

eVISO – up 0.7% – has signed new agreements with local photovoltaic energy producers for the direct purchase of energy from photovoltaic plants, currently being activated, for a total additional capacity of 16.6 MW.

Eprcomunicazione – with no trades – has signed a binding framework agreement – worth EUR100,000 – for the acquisition of a 100% stake in Centrale Comunicazione.

The price for 100% of Centrale was conventionally determined by the parties, following accounting due diligence, at EUR100,000.

In Asia, the Nikkei closed up 1.7% at 55,177.00, the Shanghai Composite rose 0.6% to 4,108.57, and the Hang Seng gained 0.4% to 25,355.50.

In New York, the Dow closed up 0.5% at 48,739.41, the Nasdaq gained 0.6% to 22,807.48, and the S&P 500 rose 0.8% to 6,869.50.

On the currency front, the euro is trading at USD1.1590 from USD1.1602 at Wednesday's European equity close, while the pound is at USD1.333621 from USD1.3326 last night.

Among commodities, Brent trades at USD83.57 per barrel from USD80.94 per barrel on Wednesday evening, while gold is worth USD5,158.59 an ounce from USD5,112.86 the previous day.

As for Thursday's macroeconomic calendar, at 1330 CET, from the USA, the trade balance data will be released, while at 1430 CET, initial jobless claims data will be available.

At 2130 CET, the Federal Reserve's weekly balance sheet will be published.

Among companies, results are expected from Ascopiave, Azimut, Piaggio, and Mediobanca, among others.

By Michele Cirulli, Alliance News reporter

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