Air France-KLM, Saft, Thales and Valeo: 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) dropped 53.81, or 1.4 percent, to 3,734.07. The SBF 120 Index also declined 1.4 percent.
Air France-KLM (AF) : Europe’s biggest airline said its operating loss widened in the three months through June as fuel costs jumped 16 percent and the Japanese nuclear crisis and unrest in the Middle East weighed on earnings. Shares in the company declined 2.8 percent to 9.38 euros.
Altran Technologies SA (ALT) : The engineering company said second-quarter revenue climbed 8.6 percent to 388.3 million euros ($557.7 million). The shares slipped 1.2 percent to 5.58 euros.
Groupe Flo (FLO FP): The restaurant chain and catering outlet operator said net income rose 28 percent to 6.8 million euros. The stock retreated 2.7 percent to 5.88 euros.
Korian (KORI) : The retirement-home operator said second- quarter sales climbed 10 percent to 248.5 million euros. The company reaffirmed a full-year sales target of more than 1 billion euros. Korian fell 0.6 percent to 16.40 euros.
Meetic (MEET) SA: The dating services company said first-half sales advanced 1.1 percent to 92.4 million euros. Meetic shares were unchanged at 14.99 euros.
Norbert Dentressangle SA (GND) : The logistics company said its first-half revenue climbed 22 percent to 1.71 billion euros. The stock declined 2.4 percent to 80.01 euros.
Saft Groupe SA (SAFT) : The French maker of batteries used in submarines, rockets and satellites said second-quarter sales advanced 4.2 percent to 160.9 million euros. The company increased its full-year sales forecast. The stock fell 1.3 percent to 23.30 euros.
Thales SA (HO) : The French defense electronics company said its first-half net income rose 25 percent to 173 million euros as profit margins improved. The shares declined 0.7 percent to 28.13 euros.
Valeo SA (FR) : France’s second-biggest auto-parts maker said first-half net income rose 30 percent to 218 million euros as demand for its fuel-saving technologies outpaced global auto- market growth. The company reiterated its full-year forecast. Valeo shares lost 3 percent to 44.34 euros.
Vallourec SA (VK) : The French producer of steel pipes for the oil and gas industry said second-quarter profit fell 11 percent to 112 million euros as rising raw material costs cut margins. The shares shed 2.2 percent to 84.17 euros.
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