Credit Agricole, Eiffage, Saint-Gobain: French Equity Preview

Shares in the following companies may have unusual moves in Paris trading. Stock symbols are in parentheses and prices are from the last close.

France’s CAC 40 Index slid 0.6 percent to 3,712.66. The SBF 120 Index fell 0.5 percent to 2,818.32.

Alstom SA (ALO) : The world’s third-largest power- equipment maker said it signed a service contract of about 330 million euros ($472 million) with Dalia Power Energies Ltd for a gas-fired plant in Israel. The contract will be booked in the second half of the 2011/2012 fiscal year. The shares fell 0.8 percent 37.46 euros.

CFAO (CFAO FP): The car dealer and pharmaceutical distributor said first half net income rose 18 percent to 49.2 million euros. The shares fell 0.1 percent to 28.91 euros.

Credit Agricole SA (ACA) : The bank said the Greek crisis will have an impact of no more than 850 million euros on its second-quarter net profit, and its Emporiki unit in Greece will lose 451 million euros in the period. On a group level, Credit Agricole said it expects to post a profit for the quarter. The shares rose 1.5 percent to 8.83 euros.

Credit Industriel et Commercial (CC) : The bank said first-half net income fell 3.3 percent to 521 million euros from 539 million euros a year earlier. The shares rose 1.0 percent to 147 euros.

Eiffage (FGR FP): The construction company and French railroad operator RFF signed a contract representing more than 3.3 billion euros to build a high-speed rail line in Western France. The shares fell 1.1 percent to 38.98 euros.

Ingenico (ING) SA: The maker of payment systems said first half net profit fell 1.8 percent as it confirmed its forecast for 2011. The shares fell 2.8 percent to 30.78.

Cie. de Saint-Gobain SA (SGO FP): Europe’s biggest supplier of building materials had first-half net income of 768 million euros, compared with 501 million euros a year earlier. The company also said it’s confident of meeting full year forecasts. The shares fell 2.3 percent to 39.55 euros.

Latecoere SA (LAT FP): The world’s largest independent aircraft-door supplier had first-half sales of 316.3 million euros, up from 217 million euros a year earlier. The company also raised its full-year sales growth estimate to more than 20 percent. The shares fell 3.7 percent to 10.24 euros.

Technip SA (TEC) : The oilfield-services provider obtained a 1 billion euro loan to refinance existing debt. The five-year revolving credit will be used to replace an unused 850 million euro facility due to mature next year that paid interest of 225 basis points more than the European interbank offered rate, according to a statement from the Paris-based company. The shares climbed 2.2 percent to 75.45 euros.

To contact the reporters on this story: Gregory Viscusi in Paris at gviscusi@bloomberg.net Mark Deen in Paris at markdeen@bloomberg.net

To contact the editors responsible for this story: Steve Rhinds at srhinds@bloomberg.net

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