Europe Movers: Bayer, Bankia, Deutsche Telekom, Royal Bank of Scotland

Nigel Thomas
28 Feb, 2013
New York City

Bayer said fiscal year net was flat. Bankia recorded net loss of

[R]2:00 PM Frankfurt – Bayer said fiscal year net was flat. Bankia recorded net loss of €19.06 billion. Deutsche Telekom fiscal net swung to €5.26 billion loss and quarterly net swung to €793 million profit. Royal Bank of Scotland fiscal loss widened to £5.97 billion.[/R]

In London trading, FTSE 100 index rose 0.3% or 19.3 to 6,345 and in Frankfurt, the DAX index gained 0.6% or 43.7 to 7,720. In Paris, CAC 40 index edged up 0.1% or 2.6 to 3,694.

Bayer AG gained 2.1% to €75.41 after the Germany based holding company reported net sale for the fiscal year ending in December jumped 0.8% to €39.76 billion.

Net income for the year slid to €2.46 billion compared to profit of €2.47 billion and diluted earnings per share rose to €2.96 from €2.99 a year ago.

Bankia SA declined 4.3% to €0.29 after the Spain’s fourth-largest lender reported net interest income for the fiscal year ending in December jumped 16.6% to €3.20 billion from a year ago.

In fiscal 2012, Bankia recorded net loss of €19.06 billion. At the fiscal year-end, Bankia plunged 27.1% with net loans to €134.18 billion euros than the last year.

Gross income dropped 2.7% to €4.01 billion and fee and commission income declined 6.5% to €992 million.

Deutsche Telekom AG fell 0.8% to €8.16 after the Germany based telecommunications services provider said net revenue for the fiscal year ending in December slid 0.8% to €58.17 billion.

Loss for the year swung to €5.26 billion compared to profit of €557 million and earnings per share rose to €4.53 from €3.67 a year ago.

For the fourth quarter, the company reported revenue dropped slid 0.8% to €14.71 billion from €14.91 billion a year ago.

Profit for the quarter swung to €793 million compared to loss of €1.34 billion and earnings per share rose to €4.53 from €3.67 a year ago. The company said net debt fell €3.3 billion to €36.9 billion.

Mobile Internet revenue rose almost 20% to €2 billion. Revenue in the Germany segment fell 2% and mobile service revenues were weak in the fourth quarter.

In the Europe operating segment, the revenue declined 4.7% to €14.4 billion.

For T-Mobile USA, in 2012 new customers grew nearly 200,000 to 33.4 million from a year ago and monthly revenue in this customer group increased 11.2%. Total revenue in 2012 slumped 4.1% to $19.8 billion.

T-Systems recorded order entry jumped 18% to €8.7 billion.

The number of customers with the internet television service climbed 27% to 2 million and the number of cell phones sold in the year increased to 5.6 million.

The Royal Bank of Scotland Group plc declined 4.2% to 332.40 pence after the UK based holding company reported net interest income for the fiscal year ending in December dropped 7% to £11.40 billion compared to £12.30 billion in the same period of last year.

Net loss widened to £5.97 billion from £2 billion from a year ago and diluted earnings per share tumbled 152.1% to £53.7 compared to £21.3 from a year ago.

For the fourth quarter, the bank said net interest income for the fiscal year ending in December slipped 7% to £2.77 billion compared to £2.99 billion in the same period of last year.

Net loss for the quarter widened to £2.60 billion from £1.80 billion from a year ago and diluted earnings per share declined 27% to £21.4 compared to £16.9 from a year ago.

RBS reported operating profit for the year climbed to £3.46 billion, up from £1.82 billion and core RBS 2012 operating profit £6.34 billion compared to £6.04 billion in last year.

Pre-tax loss core return on tangible equity 10% in 2012 and core Tier-1 ratio was 10.3%.