ArcelorMittal, Casino, Latecoere, L’Oreal: French Equity Preview

The following companies’ shares may be active in Paris. Symbols are in parentheses after company names and prices are from the last close.

February futures on France’s CAC 40 Index retreated 13 to 4,081.5 at 8:11 a.m. in Paris. The CAC 40 rose 4.40, or 0.1 percent, to 4,095.14 yesterday. The SBF 120 Index slipped less than 0.1 percent.

ArcelorMittal SA (MT NA): The steel company said production at its Ukraine unit declined 16 percent in January from a year earlier after repair work at the mill, with output falling to 447,300 metric tons, from 532,000 tons. The shares gained 1.7 percent to 27.98 euros.

Akka Technologies SA (AKA FP): The French provider of high- technology engineering consultancy services said 2010 revenue rose 20 percent 400 million euros ($543 million). The shares gained 4.6 percent to 18.80 euros.

Casino SA (CO FP): The French operator of hypermarkets, supermarkets and convenience stories said it will pay out 34 million euros in dividends to the Baud family, less than the 67 million euros it set aside, for payments relating to 2006 and 2007 accounts. The shares lost 0.4 percent to 70.99 euros.

Fonciere des Murs (FMU FP): The manager of real estate holdings said it will pay a dividend of 1.45 euros a share, up from 1.40 euros a year ago. Net income in 2010 rose to 107.22 million euros from 96 million euros. The shares gained 0.1 percent to 20.70 euros.

GFI Infomatique (GFI FP): The computer consulting company reiterated a target for operating margin growth in the second half of the year. Full-year revenue rose to 657.9 million euros from 663.3 million euros. The shares fell 2.6 percent to 3.33 euros.

Latecoere SA (LAT FP): The Toulouse-based maker of cabling and aero-structures for companies including Airbus SAS and Boeing Co. said 2011 revenue will rise more than 10 percent and reported a 26 percent gain in fourth-quarter revenue. The shares slipped 1.1 percent to 9.28 euros.

L’Oreal SA (OR FP): The world’s largest cosmetics maker reported a 25 percent profit gain in 2010 and said it made an encouraging start to this year. Net income rose to 2.24 billion euros from 1.79 billion euros a year earlier. The average estimate of 10 analysts compiled by Bloomberg was 2.27 billion euros. The shares rose 1.3 percent to 89.50 euros.

Meetic SA (MEET FP): The company, which offers online dating services, said 2010 revenue rose 18 percent to 186 million euros. Natixis raised its recommendation on the stock to “buy” from “neutral.” The shrares fell 0.3 percent to 16.35 euros

Michelin & Cie. (ML FP): The world’s second-largest tiremaker said profit surged 10-fold as demand for logistics services boosted truck-tire sales. Net income jumped to 1.05 billion euros from 106 million euros in 2009. The figures beat the 911 million-euro average of 13 estimates compiled by Bloomberg. The stock advanced 1.6 percent to 57.08 euros.

Renault SA (RNO FP): Shares of France’s second-largest carmaker were cut to “underweight” from “overweight” at Morgan Stanley. The stock slid 2.7 percent to 47.25 euros.

Rougier SA (RGR FP): The French maker of wood paneling and building materials confirmed its forecast for a positive net profit in 2010 and said the second half of this year will improve over the first half. The shares lost 0.1 percent to 34.80 euros.

Total SA (FP FP): Europe’s third-largest oil producer reported fourth-quarter adjusted net income of 2.556 billion euros, compared with an average analyst estimate of 2.497 billion euros. Total said it plans $20 billion of investments in 2011. The stock advanced 1.1 percent to 43.48 euros.

Vallourec SA (VK FP): The company said it signed a 1 billion-euro credit facility expiring in February 2016 to refinance existing credit lines. The stock slipped 0.8 percent to 79.66 euros.

To contact the reporter on this story: Andrea Rothman in Toulouse aerothman@bloomberg.net.

To contact the editors responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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