Europe Earnings: ASML, Anite, Danone, IMI, Publicis, LVMH, Smiths News

Nigel Thomas
16 Oct, 2013
New York City

ASML Holding plunged 13%. Danone reported flat third quarter revenues. IMI agreed to sell beverage division for

[R]4:25 PM Frankfurt – ASML Holding plunged 13%. Danone reported flat third quarter revenues. IMI agreed to sell beverage division for £690 million in cash. Publicis revenue rose and LVMH revenue grew. Smiths News profit jumped.[/R]

In London trading, FTSE 100 index fell 0.2% or 14.02 to 6,535 and in Frankfurt the DAX index slid 0.04% or 3.81 to 8,801.

In Paris, CAC 40 index slipped 0.7% or 24 to 4,226.

ASML Holding N.V. slumped 2.2% to €70.17 after the Netherlands-based integrated circuit maker reported sales in the third quarter ending in September climbed 11% to €1.32 billion from €1.19 billion a year earlier.

Net profit for the period plunged 12.6% to €193 million compared to €274.7 million and diluted earnings per share dropped 43 pence from 65 pence a year ago period.

The company added new orders for the third quarter excluding EUV was €1.42 billion compared to €1.07 billion.

ASML expects net sales for the year increase to €5.2 billion and fourth-quarter net sales about €1.8 billion.

Anite Plc tumbled 31.9% to 76.53 pence after the hardware and software solution provider lowered its revenue for first-half in handset testing to fall approx 25% from £40.5 million of last year.

The company said sales are not expected to recover in the second half and reduced its expectations for the full-year.

Danone SA dropped 3.9% to €50.93 after the France-based milk products maker reported revenue in the third quarter ending in September was flat at €5.26 billion and comparable sales in the quarter increased 4.2%.

IMI Plc increased 1.3% to 1,518 pence after the U.K.-based engineering company said revenues in the third quarter ending in September grew 4% compared to last year and 1% lowered from year to date.

Separately, the company agreed to sell its beverage dispense and merchandising businesses to Berkshire Hathaway for £690 million in cash.

Publicis Groupe SA slipped 2.7% to €58.02 after the France-based communication company said revenue in the third quarter ending in September increased 3% to €1.68 billion from €1.63 billion a year ago.

The company and U.S. based Omnicom Group Inc. agreed to merge and has started the merger process.

LVMH Moet Hennessy Louis Vuitton SA declined 6.2% to €135.85 after the France-based luxury goods maker reported total revenue in the third-quarter rose 1.7% to €7.02 billion from €6.9 billion a year ago period.

Smiths News Plc climbed 5.6% to 204.81 pence after the newspaper and magazine wholesaler reported revenue in the year ending in August rose 0.4% to £1.81 billion from £1.80 billion a year ago.

Profit for the year jumped 13% to £31.1 million compared to £27.5 million and diluted earnings per share increased to 16 pence from 14.7 pence a year earlier.