{"id":65063,"date":"2026-07-20T01:38:21","date_gmt":"2026-07-20T05:38:21","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ryanair-profits-plunge-amid-rising-costs-prysmian-secures-e5-5b-data-center-deal\/65063\/"},"modified":"2026-07-20T01:38:21","modified_gmt":"2026-07-20T05:38:21","slug":"ryanair-profits-plunge-amid-rising-costs-prysmian-secures-e5-5b-data-center-deal","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ryanair-profits-plunge-amid-rising-costs-prysmian-secures-e5-5b-data-center-deal\/65063\/","title":{"rendered":"Ryanair Profits Plunge Amid Rising Costs; Prysmian Secures \u20ac5.5B Data Center Deal"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Ryanair (<a href=\"\/stock\/RYA\">RYA<\/a>) Q1 profit after tax fell 34% to \u20ac538 million<\/strong>, missing analyst estimates of <strong>\u20ac623.5 million<\/strong>, as a <strong>1% revenue increase to \u20ac4.38 billion<\/strong> was offset by surging fuel costs and lower fares.<\/li>\n<li><strong>Prysmian (<a href=\"\/stock\/PRY\">PRY<\/a>) signed a landmark 10-year agreement with Molex worth up to \u20ac5.5 billion<\/strong>, receiving an immediate <strong>\u20ac550 million advance<\/strong> to double its fiber capacity in the United States.<\/li>\n<li><strong>Caspian Pipeline Consortium (CPC) suspended oil loadings<\/strong> at its Black Sea terminal following drone attacks on the tankers <strong>ASIA<\/strong> and <strong>NISSOS IOS<\/strong>, threatening roughly <strong>80% of Kazakhstan&#39;s crude exports<\/strong>.<\/li>\n<li><strong>Eurofins Scientific (<a href=\"\/stock\/EUFI\">EUFI<\/a>) reached a $400 million deal<\/strong> to acquire Element Materials Technology\u2019s North American life sciences testing operations, adding <strong>27 laboratories<\/strong> and over <strong>$150 million<\/strong> in annual revenue.<\/li>\n<li><strong>Boeing (<a href=\"\/stock\/BA\">BA<\/a>) expects 737 MAX 10 certification by September or October 2026<\/strong>, according to Ryanair CEO Michael O&#39;Leary, a critical milestone for the airline&#39;s plan to start deliveries in early 2027.<\/li>\n<\/ul>\n<h2>Aviation and Transport<\/h2>\n<p>Ryanair (<a href=\"\/stock\/RYA\">RYA<\/a>) reported a sharp decline in its fiscal first-quarter earnings as the budget carrier struggled with <strong>unhedged fuel costs<\/strong> and a &quot;softer than expected&quot; pricing environment. Despite a <strong>6% increase in traffic to 61.3 million passengers<\/strong>, profit after tax tumbled to <strong>\u20ac538 million<\/strong> from <strong>\u20ac820 million<\/strong> in the same period last year. The airline maintained its full-year traffic guidance of <strong>216 million passengers<\/strong>, though it warned that earnings remain highly sensitive to external risks and peak summer pricing.<\/p>\n<p>In a boost for long-term capacity, CEO Michael O&#39;Leary disclosed that Boeing (<a href=\"\/stock\/BA\">BA<\/a>) is on track for <strong>737 MAX 10 certification<\/strong> by the end of October. This timeline is essential for Ryanair&#39;s strategy to deploy the high-capacity aircraft on European routes starting in 2027. The news comes as Boeing faces continued scrutiny over its production quality and regulatory delivery schedules.<\/p>\n<h2>Energy and Infrastructure<\/h2>\n<p>The Caspian Pipeline Consortium (CPC) halted all oil loading operations on Sunday after <strong>unmanned aerial vehicles (UAVs)<\/strong> targeted tankers at its Novorossiysk terminal. The tankers <strong>ASIA<\/strong> and <strong>NISSOS IOS<\/strong> were struck during loading; while fires were extinguished and no oil spills occurred, the suspension has disrupted a vital artery that carries <strong>1.5 million barrels per day<\/strong> of Kazakh crude to global markets. Kazakhstan\u2019s Foreign Ministry condemned the attacks as an infringement on its economic interests.<\/p>\n<p>Prysmian (<a href=\"\/stock\/PRY\">PRY<\/a>) solidified its leadership in the data center infrastructure market by securing a <strong>\u20ac5.5 billion contract<\/strong> with Molex. The deal includes a <strong>\u20ac550 million upfront payment<\/strong>, which the Italian cable maker will use to fund a <strong>\u20ac1.25 billion investment<\/strong> through 2031. This expansion will more than double Prysmian&#39;s fiber and optical cable production capacity in the U.S. and Europe to meet surging demand from <strong>hyperscalers<\/strong>.<\/p>\n<h2>Corporate and Regulatory Developments<\/h2>\n<p>Eurofins Scientific (<a href=\"\/stock\/EUFI\">EUFI<\/a>) announced the acquisition of Element Materials Technology\u2019s North American life sciences unit for <strong>$400 million<\/strong>. The deal, expected to close in <strong>Q4 2026<\/strong>, expands Eurofins&#39; footprint in the U.S. and Canada, adding specialized services in <strong>Biopharma and Environmental testing<\/strong>. The acquired business employs approximately <strong>750 full-time employees<\/strong> and is expected to be immediately margin-accretive.<\/p>\n<p>German financial regulator <strong>BaFin<\/strong> imposed a <strong>\u20ac240,000 penalty<\/strong> against TeamViewer SE (<a href=\"\/stock\/TMV\">TMV<\/a>) on Monday. While the specific nature of the violation was not detailed in the initial announcement, the administrative fine highlights BaFin&#39;s continued focus on market compliance. Separately, Citigroup analysts updated their outlooks for major European stocks, raising the price target for BNP Paribas (<a href=\"\/stock\/BNP\">BNP<\/a>) to <strong>\u20ac112<\/strong> and Novo Nordisk (<a href=\"\/stock\/NVO\">NVO<\/a>) to <strong>DKK 330<\/strong>.<\/p>\n<h2>Geopolitics and Policy<\/h2>\n<p>German Chancellor <strong>Friedrich Merz<\/strong> signaled a potential <strong>cabinet reshuffle<\/strong> following the resignation of top conservative <strong>Jens Spahn<\/strong>. Spahn stepped down as parliamentary leader after a backlash within the CDU\/CSU over his decision to start a family through surrogacy, which some party members deemed &quot;incompatible&quot; with his office. Merz described the vacancy as an &quot;opportunity to reconsider the composition of the federal government.&quot;<\/p>\n<p>In Washington, the White House confirmed that the <strong>Chinese President&#39;s visit<\/strong> remains on schedule. The diplomatic mission proceeds despite recent accusations from Beijing regarding alleged U.S. interference in elections. Both nations appear committed to maintaining high-level dialogue amid ongoing trade and security tensions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Ryanair (RYA) Q1 profit after tax fell 34% to \u20ac538 million, missing analyst estimates of \u20ac623.5 million, as 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