Icade, LVMH, Osiatis, Stentys, Vinci: 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.
France’s CAC 40 Index (CAC) slipped 25.09, or 0.7 percent, to 3,787.88. The SBF 120 Index also declined 0.7 percent.
Euler Hermes SA (ELE) : The credit insurer owned by Germany’s Allianz SE said second-quarter net income rose to 117 million euros ($169 million), from 99.8 million euros a year earlier. The stock increased 0.3 percent to 59.99 euros.
Gaussin (ALGAU) : The French maker of industrial trailers said first-quarter sales totaled 1.2 million euros, compared with 1.3 million euros a year earlier. The shares fell 4.9 percent to 4.69 euros.
Icade (ICAD) : The commercial property arm of France’s Caisse des Depots et Consignations said profit excluding certain items rose 23 percent in the first half on higher sales at its homebuilding unit. The shares slipped 0.2 percent to 83.32 euros.
Lafuma SA (LAF FP): The maker of camping equipment and outdoor wear reported third-quarter revenue was 43.8 million euros, compared with 42.6 million euros a year earlier, and said full-year results would be higher than the previous year. The shares rose 0.9 percent to 21.70 euros.
LVMH Moet Hennessy Louis Vuitton SA (MC) : The world’s largest maker of luxury goods reported first-half profit that beat analysts’ estimates and said it will pay an interim dividend of 80 cents a share on Dec. 2. Net income climbed 25 percent to 1.31 billion euros. The average estimate of five analysts compiled by Bloomberg was for profit of 1.25 billion euros. The shares slipped 0.4 percent to 130 euros.
M6-Metropole Television SA (MMT) : France’s second- largest commercial television company said first-half profit climbed 8.4 percent to 91.5 million euros. The shares climbed 0.8 percent to 15.75 euros.
Naturex (NRX) : The producer of vegetable extracts said second-quarter sales rose to 63.9 million euros from 60.5 million euros. The shares added 0.1 percent to 58.08 euros.
Osiatis SA (OSA) : The computer-services company said second-quarter sales jumped 16 percent to 69.8 million euros. Osiatis reaffirmed its full-year targets. The stock advanced 0.3 percent to 6.07 euros.
Securidev SA (SCDV) : The manufacturer of locks said second-quarter sales rose 5.2 percent to 38.5 million euros. Securidev said full-year revenue growth will be equivalent to that of 2010. The shares climbed 2 percent to 40.50 euros.
Societe Television Francaise 1 (TFI FP): The owner of France’s most-watched TV channel is in talks with telephone companies to offer its pay channels including all-news LCI for free, Le Figaro reported, citing Chief Executive Officer Nonce Paolini. The shares rose 7.5 percent to 13.68 euros.
Spir Communication (SPI) SA: The publisher of classified-ad newspapers and leaflets said its first-half net loss narrowed to 200,000 euros from 1.3 million euros a year earlier. The shares advanced 0.4 percent to 39.40 euros.
Stentys (STNT) SA: The French maker of stents to treat heart disease said first-half sales totaled 599 million euros, up from 72.2 million euros a year earlier. The stock dropped 0.1 percent to 18.99 euros.
Vinci SA (DG) : Europe’s biggest builder said second- quarter revenue climbed 11.5 percent to 9.64 billion euros, helped by acquisitions and rising infrastructure and housing construction. The stock shed 1.2 percent to 40.60 euros.
To contact the reporter on this story: Albertina Torsoli in Paris at email@example.com.
To contact the editor responsible for this story: Phil Serafino at firstname.lastname@example.org;