European Movers: FLSmidth (FLS DC) +8.5%, Geberit (GEBN SW) +8.0%, Trainline (TRN LN) -12.0%, Smith+Nephew (SN/ LN) -3.5%, Carlsberg (CARLB DC) -1.8%, EQT (EQT SS) -0.5%
European movers on August 19 were driven by positive industrial earnings from FLSmidth and Geberit, contrasted by a 12% drop in Trainline due to a CMA fee investigation.
News detail
FLSmidth (FLS DC) +8.5%: Order Intake and EBITA grew Y/Y; narrows FY26 guidance higher Geberit (GEBN SW) +8.0%: Revenue beat, EBITDA rose Y/Y while Q2 metrics also beat; guides FY net sales 5-6% Trainline (TRN LN) -12.0%: To be investigated by CMA over fees within its booking process. Smith+Nephew (SN/ LN) -3.5%: CFO Rogers is to step down on September 30th Carlsberg (CARLB DC) -1.8%: Revenue in-line with expectations, EBIT missed consensus; narrows FY26 guidance higher.
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