Europe Movers: Colt, SolarWorld, WPP

Arthi Gupta
13 Aug, 2012
New York City

E.ON first-half sales grew 23% and net income soared. SolarWorld plunged 11% after it swung to second quarter loss. QSC slumped on weak quarterly earnings and revenue.

[R]2:15 PM Frankfurt – E.ON first-half sales grew 23% and net income soared. SolarWorld plunged 11% after it swung to second quarter loss. QSC slumped on weak quarterly earnings and revenue.[/R]

A.S. Création Tapeten AG soared 4.3% to €31.04 after the wallpaper manufacturer said first-half total sales rose 4.5% to €103.6 million. Net profit rose 21.7% to €5.46 million compared with €4.49 million last year, with earnings per share rising to €1.98, from €1.63 a year earlier.

Colt Group S.A. rose 0.1% to 115 pence after the holding company acquired ThinkGrid, a channel-focused cloud platform provider.

Deutsche Wohnen AG climbed 0.7% to €13.93 after the residential property developer said first-half consolidated group profit rose to €36.9 million from €16.9 million in the previous year.

E.ON AG rose 2.3% to €18.21 after the energy solutions provider said first-half sales grew 23% annually to €65.4 billion. Net income soared to €2.91 billion from €691 million in the previous year.

Michael Page International plc gained 0.2% to 379.90 pence after the staffing firm reported first-half revenue edged up 0.1% to £502.63 million from the same period last year. Pre-tax profit slumped 37.9% to £28.24 million from £45.47 million last year.

QSC AG slumped 4.8% to €2.09 after the telecommunications provider stated second quarter revenues decreased to €116.6 million from €121.8 million last year. Consolidated net income declined to €2.9 million from €3.9 million a year-ago quarter.

SolarWorld AG plunged 10.9% to €1.18 after the solar panel maker said second quarter consolidated net loss swung to €161.06 million compared to a €9.94 million profit in the comparable period in 2011.

WPP Plc fell 0.9% to 856 pence after the advertising company said its wholly owned operating company JWT agreed to acquire rest of the shares in Manajans Thompson Reklam Isleri A.S. that it does not own.