Europe Movers: Accor, Danone, TeliaSonera, ASML, Credit Agricole

Arthi Gupta
17 Oct, 2012
New York City

Danone consolidated sales rose 9.4% to

[R]2:30 PM Frankfurt – Danone consolidated sales rose 9.4% to €5.26 billion and TeliaSonera earnings fell 1.2% in the third quarter. Credit Agricole agreed to sell the entire share capital of Emporiki group to Alpha Bank for €1.[/R]

Accor SA slumped 4% to €24.79 after the French hotel operator reported revenue growth of 1% to €1.49 billion in the third quarter. Revenue for the first nine months was €4.20 billion.

Aeroports de Paris SA fell 0.4% to €60.76 and the France-based airport group plans to embark on a large modernization project for Paris-Orly Airport, planned as part of the Horizon 2018 initiative.

ASML Holding N.V. declined 2.5% to €40.26 after the semiconductor equipment maker reported third quarter net sales fell to €1.23 billion from €1.46 billion in the same quarter a year earlier. Net income in the period declined 23% to €274.7 million or 65 cents per share from €355.2 million or 84 cents per share reported a year ago.

Compagnie de Saint-Gobain SA rose 2.9% to €27.60 after the glass products manufacturer inked a memorandum of understanding to set up a high-tech company in the solar energy sector in Saudi Arabia.

Credit Agricole S.A. dropped 1.7% to €6.29 after the French bank agreed to sell the entire share capital of Emporiki group to Alpha Bank for €1.

FLSmidth & Co. A/S rose 1.4% to DKK 337.90 after the engineering company signed a loan agreement for €130 million with the Nordic Investment Bank for investments in research and development activities.

Groupe Danone SA plummeted 4.3% to €46.69 after the milk products maker reported third quarter consolidated sales rose 9.4% to €5.26 billion. The company reaffirmed its full-year targets for sales growth of 5% to 7% and free cash flow of €2 billion.

TeliaSonera AB slid 1.6% to SEK 45.40 after the telecommunications services provider said third quarter net sales declined 3.2% to SEK 25.84 billion from SEK 26.71 billion in the same quarter a year earlier.

Net income attributable to the owners of the parent company decreased 1.2% to SEK 4.8 billion compared to SEK 4.86 billion last year. Earnings per share dropped to SEK 1.11 from SEK 1.12 in the prior year.

Zurich Insurance Group AG slumped 4.2% to Sfr234.10 after the Swiss insurer said it will write-off about $550 million following a review of its general insurance business in Germany.