Europe Earnings: Elekta, Moneysupermarket.com, Tesco, Voestalpine

Nigel Thomas
05 Jun, 2013
New York City

Elekta net income for the year soared 10% to 1.35 billion krona. Moneysupermarket.com co-founders Simon Nixon plans to sale 14.8% stake. Tesco group sales in the first quarter grew 2.7%. Voestalpine net income for the year surged 33% to

[R]3:20 PM Frankfurt – Elekta net income for the year soared 10% to 1.35 billion krona. Moneysupermarket.com co-founders Simon Nixon plans to sale 14.8% stake. Tesco group sales in the first quarter grew 2.7%. Voestalpine net income for the year surged 33% to €444.9 million.[/R]

In London trading, FTSE 100 index dropped 1.4% or 94.16 to 6,464 and in Frankfurt the DAX index fell 0.6% or 48.46 to 8,248.

In Paris, CAC 40 index slipped 0.9% or 36.38 to 3,889s.

Elekta AB climbed 6% to 106.10 krona after the Sweden based medical technology based products maker reported net sales in the year ending in April surged 16% to 10.3 billion krona from 9.05 billion krona. Net income for the year soared 10% to 1.35 billion krona compared to 1.23 billion krona and diluted earnings per share jumped 9% to 3.52 krona from 3.23 krona.

Moneysupermarket.com Group Plc fell 0.3% to 207 pence and the price comparison website’s co-founder Simon Nixon intends to sales 14.8% stake or 80 million shares of the company for about £160 million.

Moss Bros Group Plc gained 2 or 56.62 pence after the menswear retailer said total sales for first 18 weeks increased 0.6% from last year and like-for-like retail sales including e-Commerce rose 2%. Hire sales, as anticipated, dropped 6.2%.

The retailer added after launch of the new retail website platform in January 2013, e-commerce sales have accelerated sharply and for the first 18 weeks surged 138% from a year ago.

Man Group Plc plunged 14.6% to 99.45 after the UK based hedge-fund manager said net-asset value of its AHL Diversified fund declined 6.1% in last week.

Tesco Plc declined 4.8% to 346.90 after the UK based retailer reported group sales in the first quarter ending on May 25 grew 2.7% and like-for-like UK sales, excluding petrol and VAT, dropped 1%. The company also cut its range of its consumer electronics goods.

Online grocery remains the fastest growing channel in the market and total sales in Asia surged 10.9% at actual exchange rates and by 2.8% at constant rates but comparable sales in the quarter declined 3.8%.

Tesco Bank total customer accounts increased 4% mainly driven by growth in credit cards and loans.

In April, Tesco reported its first drop in annual profits in 20 years.

Voestalpine AG climbed 5.6% to €26.79 after the Austria based steel producer reported revenue in the year ending in March dropped 4.4% to €11.52 billion from €12.06 billion a year earlier. Net income for the year surged 33.4% to €444.9 million compared to €333.5 million and diluted earnings per share jumped 42% to €2.81 from €1.98 a year ago.