France Telecom, Innelec, Osiatis, Maisons France Confort: Equity Preview
The following is a list of companies whose stocks may be active in Paris. Symbols are in parentheses after company names and prices are from the last close.
France’s CAC 40 Index rose 61.32 points, or 1.7 percent, to 3,777.37. The SBF 120 Index advanced 1.6 percent to 2,792.02.
Cafom SA (CAFO FP): The distributor of household furnishings said full-year net income rose to 6.5 million euros ($8.6 million) from 1.9 million euros a year earlier, while first-quarter sales totaled 58.6 million euros, up from 51.7 million euros. The shares added 1.2 percent to 15.52 euros.
Euro Disney SCA (EDL FP): The theme-park operator said third-quarter sales rose 21 percent to 373.3 million euros, as revenue from real estate increased by 50 million euros.
The company published its statement on the Les Echos website. The shares gained 1.2 percent to 4.15 euros.
France Telecom SA (FTE FP): France’s largest phone company said it’s in talks with the owners of Medi Telecom SA, Morocco’s second-largest mobile operator, as part of its strategy to expand into North Africa. The company has begun discussions with Moroccan investors Groupe CDG and FinanceCom SA that may lead to an “industrial partnership,” France Telecom spokesman Louis- Michel Aymard said. The shares rose 1.2 percent to 16.38 euros.
GDF Suez (GSZ FP): The company will pay a 92 pence a share special dividend and transfer power plants to gain control of an enlarged International Power Plc, creating a generation company with assets from Australia to Turkey. The shares advanced 2.3 percent to 26.79 euros.
Innelec Multimedia SA (INN FP): The distributor of computer software said first-quarter sales fell to 21.5 million euros from 23.1 million euros and forecast a “slight increase” in full-year sales. The shares gained 0.9 percent to 9.08 euros.
Lafarge SA (LG FP): Goldman Sachs Group Inc. cut its recommendation for the world’s largest cement maker to “neutral” from “buy.” The stock rose 1 percent to 40.48 euros.
Osiatis (OSA FP): The information technology company said it is buying the infrastructure management business of Groupe Astek. It didn’t say how much the acquisition will cost. The shares advanced 1.5 percent to 4.21 euros.
Maisons France Confort (MFC FP): The builder of houses said second-quarter revenue rose to 112.8 million euros from 109.1 million euros. The company sees full-year sales growth of “close to” 10 percent. The shares added 2 percent to 32.44 euros.