Kaufman & Broad, Peugeot, Sanofi, SAPRR: 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.
France’s CAC 40 Index fell 0.3 percent to 3,964.84 points, while the broader SBF120 Index declined 0.5 percent.
Chargeurs SA (CRI FP): The wool and textile manufacturer said fourth-quarter revenue rose 10.1 percent to 129.4 million euros from 117.5 million euros a year earlier. The shares gained 1.4 percent to 5.06 euros.
Kaufman & Broad SA (KOF FP): The French real-estate developer majority-owned by private-equity firm PAI Partners reported full-year net income of 18.1 million euros, compared with a loss of 29.8 million euros a year earlier. The shares fell 2.2 percent to 24.25 euros.
PSA Peugeot Citroen (UG FP): Europe’s second-largest carmaker plans to cut its European supplier base by 22 percent to about 350 from 450 over the next decade to lower costs, purchasing chief Yannick Bezard said. Peugeot Citroen shares fell 1.9 percent to 31.58 euros.
Sanofi-Aventis SA (SAN FP): The drugmaker’s Fluzone influenza vaccine has been linked to increasing reports of seizures caused by fevers in children younger than 2 years, the U.S. Food and Drug Administration said. Sanofi-Aventis shares fell 1.1 percent to 50.18 euros.
Societe des Autoroutes Paris-Rhin-Rhone (ARR FP): The toll- road operator reported fourth-quarter revenue excluding income from construction rose to 450.2 million euros, from 434.5 million euros a year earlier. The shares rose 0.1 percent to 51.33 euros.
To contact the editor responsible for this story: Claudia Carpenter at email@example.com.