Europe Movers: Ageon, adidas, Hermes, SocGen, Dexia, Siemens, EADS, Swisscom

Arthi Gupta
08 Nov, 2012
New York City

Societe Generale net banking income fell 17% to

[R]1:30 PM Frankfurt – Societe Generale net banking income fell 17% to €5.4 billion and Dexia net loss group share was €1.23 billion in the third quarter. Siemens plans savings of €6 billion by 2014. EADS quarterly revenues grew 15% to €12.32 billion.[/R]

adidas AG declined 1.4% to €64.42 after the German sports goods manufacturer reported third quarter group revenues grew 11% to €4.173 billion from 2011. The group’s net income grew 14% to €344 million from the €303 million in the prior year. Diluted earnings per share for the quarter increased to €1.64 from €1.45 last year.

Aegon N.V. surged 4.8% to €4.53 after the Dutch insurer reported third quarter sales fell 4% to €1.55 billion from €1.62 billion in the comparable period last year. Net income for the period soared to €374 million from €60 million a year-ago quarter.

Air France-KLM SA fell 1.4% to €7.05 after the Franco-Dutch airline said October passenger traffic, measured in revenue pax-kilometers, to 19.05 billion from 19.43 billion last year, with capacity, measured in available seat-kilometers, declining 0.6% to 23.04 billion from 23.17 billion a year before.

Deutsche Post DHL slid 1.3% to €14.87 after the logistics services provider said third quarter group revenues increased 5.7% to €13.84 billion from the previous year. Consolidated net profit in the quarter declined to €382 million from €385 million last year, and quarterly earnings per share fell to 31 cents from 32 cents a year before.

Dexia SA soared 5.6% to €0.19 after the Franco-Belgian bank reported third quarter net loss group share of €1.23 billion.

European Aeronautic Defence and Space Co. plunged 4.1% to €26.12 after the aerospace and defence corporation reported third quarter revenues grew 15% to €12.32 billion. Net income for the quarter dropped 1% to €309 million from €312 million in the previous year.

Hermes International SCA soared 3.1% to €226.05 after the luxury products manufacturer reported third quarter sales rose 24.2% at current exchange rates and 15.7% at constant exchange rates.

The group''s consolidated revenue for the nine months rose 22.7% to €2.44 billion at current exchange rates, and up 15.5% at constant exchange rates.

Siemens AG fell 1.4% to €101.33 after the German industrial conglomerate said it is targeting total sectors profit margin of at least 12% and aims productivity gains of €6 billion by 2014.

Separately, the company said fourth quarter revenue rose 7% to €21.703 billion and orders rose 2% to €21.495 billion. Income from continuing operations was €1.479 billion and corresponding basic earnings per share was €1.63.

For fiscal year 2012, revenue rose 7% annually to €78.296 billion, while orders came in 10% lower, at €76.913 billion. Income from continuing operations for the full year was €5.184 billion.

Societe Generale SA rose 0.7% to €24.75 after the French lender reported third quarter net banking income fell 17% to €5.4 billion. Operating income for the quarter slumped 59.9% to €519 million from the preceding year.

Swisscom AG dropped 1.7% to Sfr380.30 after the Swiss telecommunication services provider reported third quarter net revenue fell to Sfr2.81 billion from Sfr2.82 billion in the previous year. Net income in the quarter dropped to Sfr458 million from Sfr564 million a year ago.