Europe Movers: Heineken, KTM, Scania and Sulzer

Arthi Gupta
20 Jul, 2012
New York City

Haldex AB declined 7% after second quarter plunged 85%. Heineken N.V. increased 1% after it agreed to acquire its partner in Singapore based Pacific Breweries. Scania AB added 5% after quarterly net fell 40%, less than expected.

[R]1:30 PM Frankfurt – Haldex AB declined 7% after second quarter plunged 85%. Heineken N.V. increased 1% after it agreed to acquire its partner in Singapore based Pacific Breweries. Scania AB added 5% after quarterly net fell 40%, less than expected.[/R]

Enea AB soared 10% to SEK 40.70 after the information technology provider stated second quarter sales climbed 12.3% to SEK 120.6 million from SEK 107.4 million in the previous year. Net profit in the quarter surged 352% to SEK 14.9 million or 88 cents per share from SEK 3.3 million or 19 cents per share in the prior year.

Haldex AB plunged 7.2% to SEK 31.10 after the brake systems manufacturer reported second quarter sales rose 3.4% to SEK 1.065 billion compared with the corresponding period last year. Earnings for the quarter plunged 84.4% to SEK 7 million or 14 cents per share from SEK 45 million or 95 cents per share a year ago.

Heineken N.V. rose 1.4% to €43.62 after the Dutch brewer offered to acquire its joint venture partner Fraser & Neave Ltd.''s stake in Singapore-based Asia Pacific Breweries Ltd. at a price of S$50.00 per APB share, for a total consideration of S$5.1 billion or $4.07 billion.

KTM AG fell 1.1% to €43.50 after the motorcycle manufacturer said worldwide first-half motorcycles sales soared 36% to 50,233 motorcycles from the same period last year.

Publicis Groupe SA gained 1.4% to €38.99 after the communications firm said second quarter consolidated revenue grew 15.5% to €1.63 billion. Revenues for the first-half grew 14.3% to €3.08 billion.

Scania AB surged 5.5% to SEK 121.90 after the Swedish commercial vehicle manufacturer reported net sales fell 16.4% to SEK 19.21 billion, compared with SEK 22.97 billion in the prior-year period. Net income in the quarter plunged 40% to SEK 1.46 billion or SEK 1.82 per share from SEK 2.43 billion or SEK 3.04 per share in the year-ago quarter.

Sulzer AG dipped 0.9% to Sfr119.70 after the pumps maker said first-half sales soared 20.1% to Sfr1.92 billion from the comparable period in 2011. Net income gained 5.4% to Sfr131.5 million compared with Sfr124.8 million last year. Basic earnings per share rose to Sfr3.87 from Sfr3.69 a year before.

Swedish Match AB slumped 3.1% to SEK 279.90 after the tobacco company reported second quarter sales grew 9% to SEK 3.21 billion from SEK 2.94 billion in the prior-year quarter. Profit attributable to shareholders advanced 23.4% to SEK 759 million or SEK 3.69 per share from SEK 615 million or SEK 2.92 per share last year.