Market Updates
Europe Movers: Essilor, Lagardere, Vivendi
Arthi Gupta
31 Aug, 2012
New York City
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Essilor revenue climbed 23% and profit advanced 16.4% in the first-half. Lagardere first-half net income rose to
[R]2:00 PM Frankfurt – Essilor revenue climbed 23% and profit advanced 16.4% in the first-half. Lagardere first-half net income rose to €36 million but Vivendi plunged.[/R]
Essilor International SA fell 1.4% to €69.62 after the contact lenses maker reported first-half revenue climbed 22.8% to €2.53 billion from €2.06 billion on comparable sales growth of 6.6%. Profit attributable to equity holders of the company advanced 16.4% to €300.6 million or €1.45 per share from €258.2 million or €1.25 per share in the prior year.
Lagardere SCA soared 4.2% to €22.48 after the French media group reported first-half net sales totaled €3.4 billion, down 9% from €3.72 billion last year. On a comparable basis, sales edged down 0.2%. Net income in the period rose to €36 million compared to €28 million last year.
Vivendi SA dipped 0.7% to €15.50 after the French media and telecom group reported first-half revenue slid 1.2% to €14.084 billion compared to first half 2011. Earnings for the period plunged to €1.160 billion from €2.558 billion in the prior year.
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