Cegid, EADS, Etam, Unibail-Rodamco: 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 and prices are from the last close.
Cegid Group (CGD) : The information technology company said first-half revenue rose to 126 million euros ($179 million) from 120 million euros a year earlier. The shares rose 1.7 percent to 20.89 euros.
European Aeronautic, Defence & Space Co. (EAD FP): Airbus SAS, which has already committed to raising single aisle A320 production to 42 planes a month and was contemplating a rate of as many as 44 planes a month, is now “studying the case for going even higher,” Chief Operating Officer John Leahy said in a telephone interview. EADS’s shares rose 3.6 percent to 24.79 euros.
Etam Developpement SA (TAM) : The French lingerie maker said first-half revenue rose 8.7 percent to 593.1 million euros. The shares added 2 percent to 25.50 euros.
LVL Medical Groupe SA (LVL) : The home health-care company said first-half sales rose to 125.6 million euros from 113.9 million euros a year earlier. The shares fell 0.2 percent to 16.09 euros.
Mersen (MRN) : The world’s biggest maker of brushes for electrical motors said it will probably lift full-year forcasts for sales and profitability as second-quarter sales rose 17 percent to 218 million euros, led by demand from Chinese makers of solar panels. The shares rose 1.5 percent to 38.77 euros.
Societe des Autoroutes Paris-Rhin-Rhone (ARR) : The French builder and operator of toll highways said second-quarter revenue, excluding construction, rose to 504.8 million euros from 491.5 million euros a year earlier. The shares fell 0.3 percent to 46.85 euros.
Ubisoft Entertainment (UBI) SA: The video-game producer said first-quarter revenue fell to 103 million euros from 161 million euros a year earlier. The shares rose 0.2 percent to 5.92 euros.
Unibail-Rodamco SE (UL) : Europe’s largest publicly traded real-estate company reported a 1.4 percent increase in first-half profit, exceeding analysts’ estimates, after raising rents at its malls. The shares rose 0.9 percent to 152.10 euros.
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