4:00 PM Frankfurt – Aveva Group reported strong growth after reverse merger with Schneider Electric. Bertrandt reported disappointing first-half results. Gerry Weber lowered fiscal 2019 outlook. Soitec net surged on 23% jump in revenues.
In London trading the FTSE 100 index advanced 67.07 or 0.9% to 7,770.78 and in Frankfurt the DAX index soared 207.29 or 1.6% to 13,097.63.
In Paris the CAC 40 index jumped 76.37 or 1.4% to 5,527.03.
AVEVA Group Plc
surged 11.4% to 2,820 pence after the U.K.-based information technology provider reported revenues in the year ending in March soared 15.3% from a year ago to £499.1 million.
Net income in the year jumped 24.2% to £47.7 million from £38.4 million in a year ago period and diluted earnings per share advanced to 46.73 pence from 39.82 pence.
dropped 2.3% to €94.90 after Germany-based international automotive and aviation solution provider said total revenues in the first-half ending in March increased 0.7% from a year ago to €501.1 million.
Net profit in the period slumped 3% to €24.2 million from €25 million from a year ago period and diluted earnings per share dropped to €2.40 from €2.48.
Gerry Weber International AG
declined 5.8% to €6.54 after Germany-based fashion lifestyle manufacturer and retailer said revenues in the first-half ending in March plummeted 5.4% from a year ago to €404.7 million.
Net profit in the period tumbled 94.1% to €0.1 million from €1.7 million from a year ago period and diluted earnings per share slumped to break even Euro from €0.04.
The fashion lifestyle manufacturer tightened fiscal 2019 revenues forecast to between €830 million and €840 million from the earlier estimate of €700 million to €890 million and pretax loss of about €10 million.
declined 3.9% to €77.45 after France-based semiconductor materials maker reported sales in the year ending in March soared 23% from a year ago to €310.6 million.
Net profit in the year surged to €86.5 million from €8.4 million from a year ago period.
The wafers maker forecasted fiscal 2019 sales growth of about 35% and operating margin of about 27% and estimated capital expenditure of about €120 million.