HF Company, JCDecaux, Maisons France, Safran, Sanofi: French Stock 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.
France’s CAC 40 Index (CAC) fell 50.75 points, or 1.3 percent, to 4,007.26 in Paris. The broader SBF 120 Index declined 1.1 percent to 3,015.09 points.
Avenir Telecom (AVT) SA: The distributor of mobile telecommunications equipment said revenue for the year ended March 31 slid to 563 million euros from 571 million euros at constant exchange rates. The shares fell 2.7 percent to 1.07 euros.
BNP Paribas (BNP) : The company plans to announce at the annual shareholder meeting on May 11 that Chairman Michel Pebereau will retire by next year and be replaced by Chief Executive Officer Baudouin Prot, the Financial Times reported, without saying where it got the information. Deputy CEO Jean- Laurent Bonnafe will succeed Prot, the newspaper reported. The stock fell 1.49 euros, or 2.7 percent, to 52.94 euros.
Credit Agricole Ile de France (CAF) : The regional banking unit of Credit Agricole SA for the Paris area said first-quarter net income rose 17 percent to 84 million euros. The shares slid 0.1 percent to 61.61 euros.
HF Company (HF FP): The maker of receivers and transmitters of high-frequency signals said it sees a “slight” profit in the first half after material costs rose. The company said it plans to raise prices to offset higher costs. The shares fell 5.7 percent to 14.62 euros.
JCDecaux SA (DEC) : The world’s second-largest seller of outdoor advertising had first-quarter revenue of 535.3 million euros, compared with 487.2 million euros a year earlier, the company said in an e-mailed statement. Shares rose 1.2 percent to 23.15 euros.
Maisons France Confort (MFC) : The French home builder said first-quarter revenue rose 54 percent to 139.8 million euros and it sees “excellent” full-year operating profitability. The shares fell 0.2 percent to 36.25 euros.
Safran SA (SAF) and Thales SA (HO) : The companies may agree by the summer on swapping military assets, the head of France’s defense procurement agency said, according to Les Echos. Safran would own businesses that make inertial-navigation and electric-generation equipment, and Thales would get the optoelectronics operation, the newspaper reported, citing Laurent Collet-Billon, head of the Delegation Generale pour l’Armement. Safran fell 0.4 percent to 26 euros and Thales lost 0.2 percent to 29.71 euros.
Sanofi (SAN FP): The French pharmaceutical company’s Chief Executive Officer Chris Viehbacher said it aims to expand its animal health business, Merial, which will seek to make acquisitions, though “probably not of significant size,” following the unravelling of its joint venture with Merck & Co., the Financial Times reported, citing an interview. The stock fell 0.5 percent to 54.96 euros.
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