Europe Movers: AB Inbev, EADS, Centrica, Restaurant Group, Weir

Nigel Thomas
27 Feb, 2013
New York City

AB Inbev fiscal net climbed 24% and EADS net surged 19%. Centrica net surged more than two-fold and Henderson net jumped nearly three-fold. Restaurant Group profit for the year advanced 6% and Weir net increased 6% to

[R]2:00 PM Frankfurt – AB Inbev fiscal net climbed 24% and EADS net surged 19%. Centrica net surged more than two-fold and Henderson net jumped nearly three-fold. Restaurant Group profit for the year advanced 6% and Weir net increased 6% to €315.7 million.[/R]

In London trading, FTSE 100 index edged up 0.3% or 20.1 to 6,291 and in Frankfurt, the DAX index rose 0.3% or 24.1 to 7,621. In Paris, CAC 40 index gained 0.8% or 28.3 to 3,650.

Anheuser Busch Inbev SA gained 1% to €70.50 after the Belgium based brewing company reported revenue for the fiscal year ending in December soared 7.2% to $39.76 billion from $39.05 billion from a year ago.

Profit for the year climbed 24% to $7.24 billion compared to $5.86 billion and earnings per share rose to $4.53 from $3.67 a year ago.

EADS NV surged 6.4% to €37.10 after the Netherlands based aerospace and defense group reported revenue for the fiscal year ending in December jumped 15% to €56.48 billion from €49.13 billion from a year ago.

Net income for the year surged 19% to €1.23 billion compared to €1.03 billion and earnings per share rose to €1.50 from €1.27 a year ago.

At the end of the year, the aviation company said the order intake totaled €102.5 billion and EADS order book increased to €566.5 billion.

Deliveries remained strong with record 588 aircraft for Airbus Commercial, 29 aircraft for Airbus Military, 475 helicopters at Eurocopter

The company expects in 2013, gross commercial aircraft orders nearly 700 aircraft and Airbus deliveries to grow between 600 and 610 commercial aircraft.

Centrica plc fell 0.3% to 347.90 pence after the UK based energy company stated group revenue for the fiscal year ending in December advanced 5% to €23.94 billion from €22.82 billion from a year ago.

Profit for the year surged more than two-fold to €1.27 billion compared to €421 million and earnings per share climbed nearly two-fold to €24.4 from €8.5 a year ago earlier.

The energy company said total adjusted operating profit in the year surged 14% to €2.74 billion and adjusted earnings advanced 5% to €1.41 billion.

For the British Gas segment residential energy supply revenue increased 11% to €606 million and residential services revenue soared 16% to €312 million.

For the Centrica Energy gas segment revenue climbed 20% to €919 million and in power segment revenue surged 22% to €311 million.

Henderson Group plc declined 5.1% to 151.60 pence after the UK based investment manager reported total fees income for the year ending in December dropped 9% €437.8 million from €480.1 million from a year ago.

Profit for the year jumped nearly three-fold to €99.9 million compared to €33.9 million and diluted earnings per share climbed nearly three-fold to 9.2 pence from 3.4 pence a year ago.

The Restaurant Group plc climbed 7.2% to 417.16 pence after the UK based restaurants and pub operator said revenue for the fiscal year ending on December 30 jumped 9% to €532.5 million from €487.1 million from a year ago.

Profit for the year advanced 6% to €48.23 million compared to €34.38 million and diluted earnings per share increased to 24.5 pence from 17.18 pence a year period.

The Weir Group Plc increased 3.3% to 2,237 pence after the UK based capital goods maker said revenue for the fiscal year ending on December 28 climbed 11% to €2.54 billion from €2.29 billion from a year ago.

Profit for the year increased 6% to €315.7 million compared to €298.3 million and diluted earnings per share increased to €146.2 from €130.5 a year period.

The company added operating profit for the year jumped 18% to €486 million.