STOXX 600 flat
Deutsche Bank gains on Q3 revenue beat
Kering slumps on weak sales, drags peers
Worldline at bottom of STOXX 600 after FY target cut

Oct 25 Reuters European shares ended flat on Wednesday amid mixed earnings reports, as a slump in shares of French payment firm Worldline on a forecast cut was offset by a boost from Dassault Systems and Deutsche Bank39;s upbeat results.

The panEuropean STOXX 600 index reversed early declines to end flat, with miners leading gains, up 0.9.

Ratesensitive real estate stocks led sectoral declines, down 1.9.

Dragging the benchmark index, Worldline slumped to a record low, down 59.2 after the French payment company cut its annual targets, citing economic slowdown had hit its business.

On the upside, French software maker Dassault Systemes climbed 8 after raising its fullyear profit target, while Deutsche Bank climbed 8.2 as the lender promised more share buybacks next year and beat thirdquarter revenue estimates.

French luxury group Kering fell 3.5 to its lowest since early 2020 as the company posted a biggerthanexpected drop in thirdquarter sales on slowing demand for highend clothes and accessories.

The dismal results also dragged rivals LVMH, Richemont and Pernod Ricard down between 0.1 and 0.9.

Europe has seen a mixed start to the earnings season, with 54 of the 50 STOXX 600 companies that have reported profits so far beating estimates, according to LSEG data. Analysts expect thirdquarter earnings to drop 9.7 from a…