Europe Earnings: Dassault Systemes, Lok'n Store, Peugeot, Telefonica

Nigel Thomas
14 Oct, 2013
New York City

Dassault Systemes revenue jumped 4% to

[R]4:25 PM Frankfurt – Dassault Systemes revenue jumped 4% to €496 million. Lok''n Store said profit-before-tax increased as revenue rose. Michael Page said gross profit rose 0.4% to £127 million. Peugeot plans for stake sales in Dongfeng Motor to raise €3 billion.[/R]

In London trading, FTSE 100 index rose 0.2% or 12.92 to 6,500 and in Frankfurt the DAX index slid 0.1% or 9.08 to 8,716.

In Paris, CAC 40 index fell 0.2% or 7.25 to 4,213.

Dassault Systemes SA declined 9.1% to €87.70 after the France-based software consultant reported total revenue in the third quarter jumped 4% to €496 million and recurring software revenue totaled €349 million, an increase of 8% from a year ago. The company added non-IFRS software revenue increased 4% but licenses revenue declined 10%.

Lok''n Store Group Plc jumped 2.9% to 178 pence after the U.K. based storage and related service provider stated revenues for the year ending in July grew 1.6% to £12.97 million from £12.77 million a year earlier. Profit-before-tax increased to £1.43 million pounds compared to £0.93 million pounds a year ago.

The company added revenue from self-storage rose 3.4% to £11.14 million and unit occupancy for the year climbed 10.4%.

Michael Page International plc Dropped 6.5% to 462.60 pence after the U.K. based recruitment firm said gross profit third quarter ending in September rose 0.4% to £127 million compared to £126.5 million a year ago. Headcount in the quarter increased 116 or 2.3% to 5,071.

The company expects operating profit for the year of nearly £68 million.

Nanoco Group Plc rose 0.2% to 157.25 pence after the U.K. based liquid crystal display chip maker said revenues for the year increased to £3.93 million from £2.95 million a year earlier.

Pre-tax loss for the year widen to £5.04 million compared to £4.35 million a year ago.

The company added administrative expenses climbed to £7.95 million from £6.44 million a year earlier. Nanoco said headcount in the year increased to 98 people from 69 in the previous year.

Peugeot SA plunged 9.5% to €11.19 after the France-based automaker confirmed that the company is in talk to sell stake in China based Dongfeng Motor Corp to raise €3 billion.

Telefonica SA, the Spain-based telecom operator plans to reduce its stake in the Czech Republic phone company to raise fund and to reduce the debt.