Audika, Euromedis, Schneider, Tessi: French Equity Preview
The following is a list of companies whose stocks may have unusual price changes in Paris. Symbols are in parentheses after company names and prices are from the last close.
Audika Groupe (ADI FP): The maker of hearing aides said that net income climbed to 4.81 million euros in the first half from 4.11 million euros a year earlier. The company said that full-year sales will be about 115 million euros, from a previous prediction of as much as 120 million euros. The shares climbed 0.3 percent to 16.05 euros.
Euromedis Groupe (EMG) : The medical supplies distributor said full-year sales rose to 65.9 million euros from 63.9 million euros and predicted “strong sales growth’ for fiscal 2012. The shares fell 0.8 percent to 3.82 euros.
Schneider Electric SA (SU) : Chairman Henri Lachmann said the French maker of low- and medium-voltage equipment has ‘‘no relocation plans.’’ He spoke on BFM radio, following a report in French newspaper Liberation that the company had shelved a plan to eliminate 1,000 temporary jobs and relocate work abroad. The shares shed 6.6 percent to 41.10 euros.
Seche Environnement (SCHP FP): The waste management company said first-half net income rose to 15.9 million euros from 8.7 million euros and predicted that profit will increase in the full year. Sales growth will be about 7 percent this year, it said. The stock dropped 2.1 percent to 46.99 euros.
Tessi SA (TES) : The data processing company said first- half net income fell to 12.6 million euros from 13.2 million euros. The shares fell 0.6 percent to 62 euros.
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