Carbone Lorraine, Michelin, Peugeot, HF, PSB, Tessi: French Equity Preview
The following is a list of companies whose stocks may have unusual price changes in Paris. Symbols are in parentheses after company names and prices are from the last close.
France’s CAC 40 Index fell 0.04, or less 0.1 percent, to 4,050.5 in Paris. The SBF 120 Index was also little changed.
Audika (ADI FP): Europe’s second-largest hearing-aid distributor said first-quarter sales rose to 24.5 million euros ($33.3 million) from 22.5 million euros. The shares fell 0.2 percent to 26.23 euros.
Carbone Lorraine SA (CRL FP): The world’s second-biggest maker of industrial fuses agreed to buy Austrian company M. Schneider for an undisclosed sum. The shares dropped 0.7 percent to 27.95 euros.
Delta Plus Group (DLTA FP): The maker of protective equipment including gloves and helmets said revenue rose 0.1 percent in the first quarter to 31 million euros and forecast a recovery in business for the second half of the year. The shares declined 3.2 percent to 23.52 euros.
HF Company (HF FP): The French maker of equipment for television and Internet connections said first-quarter sales rose 9.1 percent to 35.9 million euros. The shares added 2.9 percent to 15.94 euros.
LVMH Moet Hennessy Louis Vuitton SA (MC FP): The world’s biggest luxury-goods manufacturer reported first-quarter sales of 4.47 billion euros, compared with an analyst estimate of 4.2 billion euros. The shares rose 0.4 percent to 88.75 euros.
Michelin & Cie. (ML FP): The tiremaker plans to invest $11.3 million in its Norwood, North Carolina plant. The shares advanced 1.6 percent to 53.22 euros.
Pernod Ricard SA (RI FP): The world’s second-largest liquor maker had its price estimate raised to 74 euros from 69 euros at Nomura Holdings Inc. The shares slipped less than 0.1 percent to 64.76 euros.
PSA Peugeot Citroen (UG FP): The carmaker’s talks over an alliance with Changan Automobile of China may be concluded soon, French daily Les Echos reported, without citing anyone. Peugeot declined to comment, the newspaper said. The shares fell 0.2 percent to 21.86 euros.
PSB Industries (PSB FP): The maker of perfume packaging and specialty chemicals said first-quarter sales rose 13 percent to 53.5 million euros and forecast annual sales growth may beat its 5 percent target. The shares fell 0.3 percent to 18.95 euros.
Tessi SA (TES FP): The data-processing company said 2009 profit rose to 23.9 million euros, up from 8.7 million euros a year earlier. It sees all sectors of its business remaining “buoyant” in 2010. The shares rose 2 percent to 55.98 euros.