Axa, BNP, Cap Gemini, EADS, Hermes: French Equity Preview

The following is a list of companies whose shares may have unusual price changes in Paris. Stock symbols are in parentheses after company names. Share prices are from the last close.

France’s CAC 40 Index gained 1 percent to 4,151.26 in Paris. The SBF 120 Index rose 0.9 percent.

Axa SA (CS FP): Europe’s second-biggest insurer said 2010 profit fell 24 percent to 2.75 billion euros ($3.73 billion). That’s less than the 2.87 billion-euro average estimate of 14 analysts surveyed by Bloomberg. The shares gained 2.2 percent to 15.93 euros.

BNP Paribas SA (BNP FP): The bank reported a 14 percent rise in fourth-quarter profit to 1.55 billion euros, helped by higher revenue at the investment bank and a rebound at the U.S. consumer unit. Earnings missed the 1.71 billion-euro average estimate of analysts surveyed by Bloomberg. The shares rose 2.9 percent to 58.97 euros.

Cap Gemini SA (CAP FP): Europe’s largest computer-services company reported a 57 percent jump in 2010 net profit to 280 million euros. The shares rose 2.2 percent to 39.85 euros.

DL Software SA (ALSDL FP): The computer software maker said full year sales rose to 44.06 million euros from 39.12 million euros a year earlier. The shares rose 1.5 percent to 11.19 euros.

European Aeronautic, Defense and Space Co. (EAD FP): Daimler AG offered to sell half its stake in EADS to the German government, the Financial Times reported.

Separately, EADS lowered its bid to produce tankers for the U.S. Air Force, the company’s North American Chairman, Ralph Crosby, told reporters in Washington. The shares gained 1.8 percent to 22.24 euros.

Groupe Vial (VIA FP): The Paris-based discount carpenter reported 2010 sales rose 1.9 percent to 101.3 million euros after fourth quarter sales increased 10 percent. The stock rose 0.3 percent to 3.18 euros.

Hermes International SCA (RMS FP): The Birkin bag maker wants LVMH Moet Hennessy Louis Vuitton SA to reduce its stake by more than half to free up shares on the open market, according to the head of the founding family. Hermes shares rallied 1.1 percent to 148.30 euros while LVMH lost 1 percent to 116.90 euros.

Icade SA (ICAD FP): The property developer controlled indirectly by the French state said earnings excluding items fell 4.9 percent last year following the sale of its residential arm and other businesses. The shares advanced 0.3 percent to 82.06 euros.

Pernod-Ricard SA (RI FP): The maker of Absolut vodka said first-half sales on an organic basis rose 7 percent. That missed the 7.7 percent median estimate of six analysts surveyed by Bloomberg News. The shares rose 0.6 percent to 70.63 euros.

PPR SA (PP FP): The French owner of the Bottega Veneta luxury brand reported full-year net income of 932 million euros, in line with analyst estimates. The shares dropped 2.1 percent to 113.40 euros.

Produits Chimiques Auxiliaires et de Synthese (PCA FP): The contract manufacturer of pharmaceutical ingredients for drugmakers said 2010 net sales rose to 158.5 million euros from 152.5 million euros a year earlier. The shares were unchanged at 2.65 euros. Dynaction SA (DYT FP), which owns most of PCAS, rose 0.6 percent to 8 euros.

Groupe Promeo (ALMEO FP): The real estate developer said it sees “dynamic” development in 2011. The shares fell 0.1 percent to 23.90 euros.

SAFT Groupe SA (SAFT FP): The designer and manufacturer of high-tech battery systems for industrial applications said 2010 net income rose to 38.1 million euros from 28.9 million euros in 2009. SAFT said it expects overall sales to rise 5 percent in 2011 and raised its 2010 dividend to 70 euro cents a share. The shares fell 0.4 percent to 28.02 euros.

To contact the reporter on this story: Heather Smith in Paris at hsmith26@bloomberg.net. Sarah Jones in Sydney at sjones35@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@Bloomberg.net.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.