Europe Earnings: BNP Paribas, Lloyds Banking, Publicis, Renault, Rolls-Royce

Nigel Thomas
13 Feb, 2014
New York City

BNP Paribas net plunged 26% to

[R]3:40 PM Frankfurt – BNP Paribas net plunged 26% to €4.8 billion as revenue dropped. Lloyds Banking net narrowed to £802 million. Publicis net surged 11% to €792 million. Renault net plunged 59% to €695 million. Rolls-Royce profit soared 19% to £1.3 billion and revenue climbed 27%.[/R]

In London trading, FTSE 100 index dropped 0.6% or 37.71 to 6,637.32 and in Frankfurt the DAX index rose 0.2% or 24 to 9,564.

In Paris, CAC 40 index slid 0.1% or 3.94 to 4,301.56.

BNP Paribas SA declined 3.5% to €58.76 after the France-based investment and banking service provider reported revenue in the year ending in December dropped 12.6% to €38.96 billion from €44.48 billion a year ago.

Net income in the year plunged 26.4% to €4.83 billion compared to €6.56 billion and earnings per share climbed to €3.68 from €5.16 a year earlier.

The bank said net profit in the fourth-quarter plummeted 76% to €127 million from €519 million a year earlier.

Lloyds Banking Group Plc declined 4.2% to 80.01 pence after the U.K.-based financial services provider reported net interest income in the year ending in December declined 9.8% to £21.16 billion from £23.55 billion a year earlier.

Net loss in the year narrowed to £802 million compared to £1.39 billion and diluted loss in the year dropped to 1.2 pence from 2.1 pence a year ago.

Publicis Groupe SA gained 1.7% to €66.85 after the France-based advertising service provider stated advertising service in the year ending in December jumped 5.2% to €6.95 billion from €6.61 billion a year ago.

Net income in the year surged 11.5% to €792 million compared to €732 million and earnings per share climbed to €3.54 from €3.34 a year earlier.

Renault SA climbed 4.7% to €68.95 after the France-based automobile company said group revenue in the year ending in December rose 0.5% to €40.93 billion from €40.72 billion a year earlier.

Net income in the year plunged 59.3% to €695 million compared to €1.71 billion and earnings per share dropped to €2.15 from €6.43 a year ago.

Rolls-Royce Holdings plc tumbled 16.5% to 1,011 pence after the U.K.-based power systems and service provider reported revenue in the year ending in December climbed 27% to £15.51 billion from £12.16 billion a year ago.

Profit for the year soared 19% to £1.32 billion compared to £1.18 billion and earnings per share jumped 13% to 22 pence from 19.5 pence a year earlier.

In 2013, the group increased its order book by 19% to £71.6 billion.