Altran, ECA, Eiffage, Hermes, Ipsen, Icade, Renault: French Equity Preview
The following is a list of companies whose stocks may have unusual changes in Paris. Symbols are in parentheses after company names and prices are from the last close.
May futures on France’s CAC 40 Index lost 18 to 3,725 at 8:07 a.m. in Paris.
The CAC 40 fell 23.63, or 0.6 percent, to 3,816.99 on April 30. The SBF 120 also declined 0.6 percent.
Altran SA (ALT FP): The company said that its operating margin will rise signficantly in 2010. The stock increased 0.8 percent to 3.65 euros.
Auplata (ALAUP FP): The gold-mining and exploration company said first-quarter revenue was little changed at 1.2 million euros ($1.6 million). The shares rose 22 cents, or 6.9 percent, to 3.41 euros.
Boursorama SA (BRS FP): The company opened 34,000 new accounts in the first quarter versus 22,000 a year earlier, La Lettre de L’Expansion reported, without saying where it got the information. The stock slipped 0.4 percent to 9.01 euros.
ECA (ECASA FP): The defense equipment maker predicted 10 percent sales growth in 2010 after first-quarter revenue came to 22.74 million euros, compared with 22.81 million euros a year earlier. The shares rose 4 cents, or 0.3 percent, to 14.04 euros.
Eiffage SA (FGR FP): The civil-engineering and construction group said it wants Macquarie Group Ltd. to consider putting capital into their Eiffarie investment partnership as the venture’s APRR toll-road division remains at risk of losing investment grade on its debt. The shares fell 9 cents, or 0.2 percent, to 38.87 euros.
Hermes International (RMS FP): Jean-Louis Dumas, honorary executive chairman and a member of the French handbag maker’s controlling family, died May 1, the company said. The shares rose 9 cents, or 0.1 percent, to 99.63 euros.
ICADE (ICAD FP): The business real-estate company said it holds 99.23 percent of Compagnie La Lucette after 1,230,071 shares were tendered to its offer for the company. The shares rose 6 cents, or 0.1 percent, to 73.32 euros.
Ipsen SA (IPN FP): The company said that first-quarter sales rose 5.7 percent to 266.2 million euros. The stock fell less than 0.1 percent to 35.80 euros.
Naturex (NRX FP): The producer of natural vegetable ingredients and extracts said first-quarter sales rose 88 percent to 51.6 million euros. The stock gained 0.3 percent to 30.30 euros.
Renault SA (RNO FP): Chief Executive Officer Carlos Ghosn said France’s second-largest carmaker will outline new medium- term objectives later this year and warned that the Greek crisis “may slow” the economic recovery. The shares fell 12 cents, or 0.3 percent, to 35.41 euros.
Vivendi (VIV FP): The company is preparing a telecommunications purchase on the Ivory Coast, French weekly newsletter La Lettre de L’Expansion said, without citing anyone. The stock advanced 0.4 percent to 19.80 euros.
To contact the reporter on this story: Laurence Frost in Paris at firstname.lastname@example.org.