Europe Movers: Afren, Glencore, John Wood, Sixt

Arthi Gupta
21 Aug, 2012
New York City

Glencore revenues grew 17% helped by higher oil volumes handled, Afren revenue and cash flow surged driven by 218% annual increase in net production and Coca-Cola Hellenic Bottling comparable net profit fell 25% in the first-half.

[R]1:45 PM Frankfurt – Glencore revenues grew 17% helped by higher oil volumes handled, Afren revenue and cash flow surged driven by 218% annual increase in net production and Coca-Cola Hellenic Bottling comparable net profit fell 25% in the first-half.[/R]

Afren Plc rose 0.6% to 127.30 pence after the oil and gas explorer reported first-half revenues surged 379.3%to $771.7 million. Pre-tax profit for the period soared 621.7% to $316.1 million from $43.8 million last year.

Coca-Cola Hellenic Bottling Co S.A. climbed 0.9% to €14.78 after the Greece focused bottler reported first-half net sales grew 1% to €3.432 billion from the prior year. Volume dropped 2% to 1,011 million unit cases. Comparable net profit fell 25% to €109 million from €146 million last year.

Glencore International Plc dipped 0.2% to 352.95 pence after the integrated producers and marketers of commodities reported first-half revenues rose 17% to $107.96 billion. Net income attributable to equity holders decreased 8% to $2.28 billion.

John Wood Group PLC fell 1.5% to 823 pence after the energy services provider said first-half revenue rose to $3.35 billion compared to $2.47 billion last year. EBITA for the period surged 53.2% to $205.1 million compared to $133.9 million last year.

Sixt AG gained 1.9% to €14.66 after the mobility service provider said first-half total revenue climbed 2.8% to €777.1 million, from €755.8 million a year ago. Earnings before taxes declined to €63.4 million, from €71.4 million the prior year.