Several major European companies reported their earnings for the first quarter or second quarter of 2025, with mixed results across industries. Siemens Healthineers posted Q2 revenue of €5.909 billion, beating consensus estimates of €5.795 billion, with adjusted EBIT of €982 million versus €941 million expected and comparable revenue growth of 6.8% against an anticipated 5.1%. The company confirmed its full-year 2025 revenue growth guidance of 5% to 6%. Adecco reported Q1 net income of €60 million, exceeding estimates of €52.7 million, with adjusted EBITA of €132 million and revenue of €5.57 billion, slightly above expectations. However, it expects a sequential decline in Q2 gross margin. Henkel's Q1 sales came in at €5.24 billion, slightly below the estimated €5.34 billion, with organic sales declining 1% compared to an expected 0.72% drop. The company projects full-year 2025 organic sales growth between 1.5% and 3.5%. Rheinmetall, a German defense manufacturer, reported Q1 earnings per share of €1.92, surpassing the estimate of €1.49, with operating profit rising 49% year-over-year to €199 million on sales of €2.31 billion, above the €2.05 billion consensus. It issued full-year sales guidance of 25% to 30% growth and an operating margin forecast of approximately 15.5%. The CEO expects the order backlog to exceed €80 billion this year amid rising European defense spending. BMW reported a 26.4% decline in Q1 profit, attributed primarily to weaker sales in China and the impact of US tariffs. Despite this, BMW confirmed its 2025 outlook, expecting automotive EBIT margins of 5% to 7%, with Q1 automotive EBIT margin at 6.9% beating estimates of 6.52%. The company anticipates some US tariffs on car imports to ease from July but warned of a notable impact on Q2 results due to geopolitical and economic uncertainties at a level rarely seen before. BMW's total Q1 sales were €33.76 billion, below the estimated €35.14 billion, with automotive revenue at €29.21 billion versus an expected €30.15 billion. Overall, the earnings reflect varied sectoral performance with growth in healthcare and defense, while automotive faces challenges from geopolitical tensions and market competition.