European Movers: Delivery Hero (DHER GY) +2.8%, STMicroelectronics (STMPA FP) +1.7%, Deutsche Boerse (DB1 GY) +1.6%, Bouygues (EN FP) -0.7%, Ericsson (ERICB SS) -4.3%, Alstom (ALO FP) -15.8%

Alstom (ALO FP) - FY 2025/26 (EUR): Revenue 19.2bln (exp. 19.0bln, prev. 18.5bln Y/Y), Orders 27.6bln (prev. 19.8bln Y/Y), Adj. EBIT margin around 6% (prev. 6.4% Y/Y). Guides initial FY 2026/27 sales organic growth around 5%, adj. EBIT margin around 6.5%, withdraws three-year FCF guidance. The medium-term ambition of adjusted EBIT margin of 8-10% will no longer be met by FY 2026/27. (Alstom)Bouygues Telecom (EN FP) / Free–iliad Group / Orange (ORA FP) - Cos enter exclusive negotiations with the Altice France group for the acquisition of SFR. This offer reflects a total enterprise value of EUR 20.35bln for the Altice France assets under consideration. (Bouygues Telecom) Delivery Hero (DHER GY) - Uber (UBER) is reportedly said to acquire an additional 4.5% from Prosus (PRX NA) in the Co. in a EUR 270mln deal at EUR 20/shr. (FT)Deutsche Boerse (DB1 GY) upgraded to Buy from Neutral at Bank of AmericaEricsson (ERICB SS) - Q1 2026 (SEK): Adj. EBIT 5.21bln (exp. 5.55bln), Revenue 49.3bln (exp. 51.0bln), Gross Margin 47.2% (prev. 48.5% Y/Y), announces a SEK 15bln share buyback programme , set to commence on April 23rd. Notes of higher input costs, especially for semiconductorsSTMicroelectronics (STMPA FP) upgraded to Outperform from Neutral at Mizuho