European Movers: Merck (MRK GY) +8.1%, ABN AMRO (ABN NA) +7.5%, Babcock (BAB LN) +2.9%, Allianz (ALV GY) +1.7%, Siemens (SIE GY) -1.3%, Deutsche Telekom (DTE GY) -1.5%, Hapag Lloyd (HLAG GY) -1.5%

ABN AMRO (ABN NA) - Q1 2026 (EUR): Op. Income 2.29bln (exp. 847mln), Net Income 693mln (exp. 569mln), NII 1.64bln (exp. 1.59bln), CET1 Ratio 15.5% (exp. 15.4%). Lowered cost guidance for the full year to around 5.5bln (prev. guided 5.6bln). (ABN AMRO) Allianz (ALV GY) - Q1 2026 (EUR): Operating Profit 4.52bln (exp. 4.37bln, prev. 4.24bln Y/Y), Adj. EPS 9.96 (prev. 6.61 Y/Y), Revenue 53.0bln (prev. 54.0bln Y/Y). (Allianz)Babcock (BAB LN) - FY 2026 (GBP): Revenue 5.27bln (exp. 5.12bln), Contract backlog 9.6bln (prev. 10.4bln Y/Y), Underlying Operating Profit 0.29bln (prev. 0.36bln Y/Y), affirms FY27 guidance. (Babcock)Deutsche Telekom (DTE GY) - Q1 2026 (EUR): Revenue 29.9bln (exp. 28.4bln), Adj. EBITDAaL 11.5bln (exp. 11.3bln), raises FY26 Adj. EBITDAaL guidance to "around" 47.5bln (prev. guided "around" 47.4bln) and sees FCF "more than" 19.8bln (prev. guided "around" 19.8bln). (Deutsche Telekom)Hapag Lloyd (HLAG GY) - Q1 2026 (USD): Revenue 4.91bln (prev. 5.31bln Y/Y), EBITDA 494mln (prev. 1.10bln Y/Y). CEO: “ The first quarter of 2026 was unsatisfactory for us, with weather-related supply chain disruptions and pressure on freight rates leading to significantly lower results”. (Hapag Lloyd)Merck (MRK GY) - Q1 2026 (EUR): Sales 5.13bln (exp. 5.08bln), Adj. EBITDA 1.53bln (exp. 1.46bln), Adj. EPS 2.11 (exp. 1.95). Raises FY Adj. EPS 7.30-8.20 (prev. guided 7.10-8.00), FY Adj. EBITDA 5.7-6.1bln (exp. 5.84bln), Net Sales 20.4-21.4bln (exp. 20.89bln). Confirms mid-term guidance. (Merck) Siemens (SIE GY) - Q2 2026 (EUR) Revenue 19.8bln (exp. 20.1bln), Orders 24.11bln (exp. 22.6bln), Net Income 2.24bln, -8.3% Y/Y. Co. announces up to EUR 6bln share buyback for up to 5 years; confirms FY26 outlook. (Siemens)