From CNBC: 2025-04-22 01:16:00

Investors face uncertainty in Q1 2025 earnings due to Trump’s tariffs, which have exceeded forecasts. Negotiations between EU, UK, and US to alleviate tariffs ongoing. World watches US-China trade tensions. Luxury brand LVMH and Dutch firm ASML report impact from tariffs but can’t quantify. Maersk, Shell, Volkswagen, and Lufthansa to report soon.

Maersk, global trade bellwether, to report Q1 earnings on May 8. Analysts expect EBITDA to drop to $2.3B from $3.6B. Maersk describes US tariffs as “significant.” Shell, due to report on May 2, trims LNG production outlook due to maintenance. Shell expected to report $5.14B in adjusted earnings, down from $7.73B.

Volkswagen to report on April 30, expected to take a hit from tariffs. US imposes 25% charge on foreign cars. Analysts warn tariffs hurt German carmakers. Volkswagen expects higher revenue but lower EBIT. Lufthansa to report on April 29, potential impact of geopolitical tensions on travel demand. CEO expects higher profits but uncertainties arise from tariff escalations. In March, visitor arrivals from Western Europe to the U.S. dropped by 17.2%, while Asia saw a 3.4% decline and the Middle East experienced a 17.7% increase. Lufthansa Group, facing challenges like strikes and Boeing aircraft delivery delays, is expected to report revenue of around 8.07 billion euros in Q1.

The Trump administration is investigating how importing certain pharmaceuticals affects national security, potentially leading to tariffs on drugs. The impact on drugmakers like Novo Nordisk, Europe’s second-largest listed company, remains uncertain. Traders are eager for the company’s May 7 results to shed light on its preparations and reliance on its U.S. manufacturing set-up.



Read more at CNBC:: 5 European stocks to watch this earnings season amid Trump tariffs