Europe Movers: Ahold, Diaego, Fielmann, Kazakhmys

Arthi Gupta
23 Aug, 2012
New York City

Ahold second quarter net sales climbed 12%. Kazakhmys net plunged but Premier Oil earnings soared in the first-half. Diageo full-year net sales grew 8%.

[R]1:45 PM Frankfurt – Ahold second quarter net sales climbed 12%. Kazakhmys net plunged but Premier Oil earnings soared in the first-half. Diageo full-year net sales grew 8%.[/R]

Diageo plc rose 0.7% to 1,693 pence after the British alcoholic beverages wholesaler reported full-year net sales grew 8% to £10.76 billion. Profit before tax for the year increased to £3.12 billion from £2.36 billion in the previous year.

Falkland Oil and Gas Limited climbed 0.6% to 88.25 pence after the oil and gas explorer reported first-half pre-tax loss narrowed to $0.2 million compared with a $3.6 million loss last year.

Fielmann AG edged lower 2% to €73.68 after the eye glass frame manufacturer said first-half external sales, including VAT, rose 5.2% to €647.2 million and consolidated sales gained 5.2% to €551.1 million from the prior year. Profit after tax rose to €63.5 million from €62.5 million last year.

Kazakhmys plc declined 0.8% to 699 pence after the copper producer reported first-half revenues declined 17% to $1.52 billion on the combination of lower sales volumes and prices. Profit attributable to equity holders slumped to $121 million from $374 million last year.

Koninklijke Ahold N.V. fell 2.6% to €10.16 after the supermarket operator reported second quarter net sales climbed 12% to €7.692 billion from a year-ago quarter. Net income attributable to shareholders increased 25% to €248 million or 23 cents per diluted share from €199 million or 17 cents per share in the previous year.

Premier Oil PLC dropped 0.6% to 373.80 pence after the UK-based oil explorer reported first-half sales revenues surged to $744.3 million from $342.2 million a year ago. Profit for the period soared to $145.8 million from $88.5 million a year ago.