Alstom, CGGVeritas, Iliad, Lafarge, SocGen, Vinci: French Equity Preview
The following is a list of companies whose stocks may have unusual changes in Paris. Symbols are in parentheses after company names and prices are from the last close.
May futures on France’s CAC 40 Index slipped 1.5 to 3,632 at 8:11 a.m. in Paris.
The CAC 40 fell 139.17 points, or 3.6 percent, to 3,689.29 yesterday. The SBF 120 declined 3.5 percent.
Alstom SA (ALO FP): The world’s third-largest maker of power equipment was raised to “buy” from “hold” by analyst Rossen Koev at Independent Research GmbH, with a target price of 53 euros a share. Alstom shares fell 4.3 percent to 42.38 euros.
Bongrain SA (BH FP): The maker of Coeur de Lion camembert cheese said first-quarter sales rose 3.2 percent to 827.6 million euros ($1.07 billion). The shares fell 1.9 percent to 57.65 euros.
Bourbon SA (GBB FP): The owner of the second-biggest fleet of supply and crew ships for the oil industry reported a drop in first-quarter sales and said it won a contract to supply vessels for projects offshore Brazil. The stock lost 2.4 percent to 32.11 euros.
CGGVeritas SA (GA FP): The company said first-quarter net income was $1 million compared with $71 million during the same period last year. The stock sank 5 percent to 22.03 euros.
Iliad SA (ILD FP): The company reported first-quarter sales of 505 million euros versus 482 million euros a year earlier. The stock slipped 2.2 percent to 73.80 euros.
Lafarge SA (LG FP): The world’s biggest cement maker returned to profit in the first quarter, helped by a 137 million-euro capital gain on the sale of its stake in Cimpor- Cimentos de Portugal SGPS SA. Net income amounted to 64 million euros. Analysts surveyed by Bloomberg had predicted profit of 47.7 million euros. The stock slid 3.9 percent to 52.87 euros.
Orpea (ORP FP): France’s largest commercial retirement-home operator reported a 16 percent increase in first-quarter sales to 231.2 million euros. The stock slid 3.9 percent to 30.26 euros.
Seloger.com (SLG FP): The real-estate website operator said first-quarter sales rose 10 percent to 19.2 million euros, and forecast full-year sales of between 81 million and 84 million euros. The shares fell 0.5 percent to 30.30 euros.
Societe Generale (GLE FP): France’s second-largest bank by market value posted a first-quarter profit that beat analysts’ estimates, helped by a rebound at its corporate- and investment- banking unit. Net income was 1.06 billion euros. That exceeded the 654 million-euro median estimate of 13 analysts surveyed by Bloomberg. The stock sank 5.8 percent to 38.62 euros.
Teleperformance (RCF FP): The world’s largest operator of call centers said first-quarter sales rose 1.2 percent to 452.4 million euros. The shares declined 3.6 percent to 25.54 euros.
Vinci SA (DG FP): The world’s biggest builder repeated its forecast for full-year revenue to climb this year after first- quarter sales fell 6.8 percent to 6.59 billion euros. The shares fell 4 percent to 40.29 euros.