Europe Movers: adidas, BNP, Deutsche Post, Schroders

Arthi Gupta
02 Aug, 2012
New York City

Deutsche Post quarterly revenues rose on the growth in Asia but BNP Paribas quarterly net declined 13%. Telecom Italia swung to profit and Lufthansa loss narrowed in the first-half. adidas earnings rose 18% in the quarter and Schroders first-half revenue fell 9%.

adidas AG fell 2% to €59.70 after the sportswear maker said second quarter net sales rose 15% to €3.52 billion from the previous year. Net income attributable to shareholders climbed 18% to €165 million or 79 cents per share compared with €140 million or 67 cents in the 2011 period.

aleo solar AG dipped 0.1% to €16.99 after the solar modules manufacturer said first-half revenues fell 28.3% to €166.4 million from the prior year. Loss per share was €1.87 compared to earnings per share of 13 cents a year ago.

BNP Paribas SA gained 1% to €31 after the bank said second quarter revenues decreased 8% to €10.1 billion from the year-ago quarter. Net income attributable to equity holders fell 13.2% to €1.85 billion from €2.13 billion last year.

Deutsche Post AG soared 3.1% to €15.14 after the logistics services provider reported second-quarter revenues rose 7.3% to €13.73 billion from the 2011 second quarter. Net profit fell to €201 million or 17 cents per share from €278 million or 23 cents in the 2011 period.

GDF Suez SA climbed 1.7% to €18.60 after the natural gas and electricity supplier said first-half revenues rose 10.6% to €50.5 billion from the first-half of 2011. Net income, group share slid 15% to €2.33 billion from €2.74 billion a year before.

Deutsche Lufthansa AG advanced 2.7% to €10.57 after the German aviation group reported first-half revenue improved 6% to €14.51 billion from the same period a year earlier. Net loss in the period narrowed to €168 million or 37 cents per share compared to the loss of €206 million or 45 cents per share in the prior year.

Schroders plc increased 2.3% to €1,322 pence after the asset management company said first-half revenue fell to £698.8 million from £771.1 million a year ago. Pre-tax profit slipped to £177.4 million from £215.7 million last year.

Smith & Nephew plc increased 2% to 672.50 pence after the medical devices maker said second quarter revenues rose 2% to $1.03 billion from last year. Net profit for the quarter rose to $292 million or 32.5 cents per share from $153 million or 17.1 cents per share in the year-ago quarter.

Telecom Italia S.p.A. edged higher 2.4% to €0.7 after the Italian telecom company said first-half revenues rose 1.7% to €14.8 billion. Net profit in the quarter swung to €1.25 billion compared with a loss of €2.04 billion last year.

Thomas Cook Group plc slumped 4.5% to 16 pence after the leisure travel operator said third quarter revenue fell 6% to £2.29 billion. Underlying operating loss for the quarter was £26.5 million compared to a profit of £20.1 million in 2011.

Veolia Environnement Ve SA plunged 8.7% to €8.42 after the environmental management services provider said first-half revenue climbed 3.3% to €14.8 billion. Net income attributable to owners of the company was €153.1 million compared to a loss of €67.2 million last year.