Europe Movers: Balfour Beatty, Calrsberg, H&M, Holcim

Arthi Gupta
15 Aug, 2012
New York City

Balfour Beatty first-half revenue rose 6% but Eurasian Natural Resources pre-tax profit plunged 59%. Hennes & Mauritz total July sales increased 11%. Carlsberg second quarter net revenue improved 5%.

[R]1:45 PM Frankfurt – Balfour Beatty first-half revenue rose 6% but Eurasian Natural Resources pre-tax profit plunged 59%. Hennes & Mauritz total July sales increased 11%. Carlsberg second quarter net revenue improved 5%.[/R]

Balfour Beatty plc rose 2.1% to 300.70 pence after the integrated infrastructure services operator said first-half revenue, including share of joint ventures and associates, rose 6% to £5.54 billion from the year ago period. Profit for the period increased to £83 million from £69 million in the year ago period.

Carlsberg A/S rose 0.9% to DKK 534 after the brewer reported second quarter net revenue improved 5% to DKK 19.59 billion. Profit attributable to shareholders rose to DKK 3.36 billion from DKK 2.06 billion last year.

Eurasian Natural Resources Corp. PLC slumped 3.9% to 398 pence after the British diversified natural resources company reported first-half revenue decreased 19% to $3.25 billion from $4.01 billion a year ago. Pre-tax profit plunged 59% to $667 million from $1.63 billion last year.

Hennes & Mauritz AB dipped 0.2% to SEK 247.40 after the Swedish apparel retailer said its total sales for July, including VAT in local currencies, increased 11% compared to the same month the previous year. Sales in comparable units increased 2%.

Holcim Ltd declined 1.8% to Sfr58.95 after the building materials manufacturer reported first-half consolidated net sales increased 2.1% to Sfr10.4 billion. Net income improved 6.6% to Sfr624 million.