Europe Earnings: Ferrovial, Henderson, ITV, Jeronimo Martins, Weir

Nigel Thomas
26 Feb, 2014
New York City

Ferrovial net jumped 5% to

[R]4:00 PM Frankfurt – Ferrovial net jumped 5% to €727 million and revenue soared. Henderson profit soared 18% to £125 million. ITV net surged 28% to £330 million after revenue jumped 8%. Jeronimo Martins net climbed 6% to €382 million. Weir profit soared but revenues eased.[/R]

In London trading, FTSE 100 index slid 0.4% or 30.22 to 6,801.24 and in Frankfurt the DAX index fell 0.5% or 48.63 to 9,650.72.

In Paris, CAC 40 index dropped 0.6% or 24.79 to 4,389.76.

Ferrovial SA gained 3% to €15.44 after the Spain-based infrastructure developer said revenue in the year ending in December soared 7% to €8.17 billion from €7.63 billion a year ago.

Net income in the year jumped 5.1% to €727 million compared to €692 million a year earlier.

The company said revenues outside Spain during the year surged 18% and backlog in the services and construction segment soared 66% to €25.62 billion.

Henderson Group Plc increased 1.9% to 247.60 pence after the U.K.-based investment manager said revenues in the year ending in December increased 9.5% to £578.2 million from £528.2 million a year ago.

Profit for the year soared 17.8% to £125.1 million compared to £106.2 million and diluted earnings per share grew to 11 pence from 9.8 pence a year ago period.

ITV Plc dropped 3.1% to 199.80 pence after the U.K.-based broadcasting company stated total revenue in the year ending in December jumped 8% to £2.75 billion from £2.55 billion a year ago.

Profit for the year surged 28.4% to £330 million compared to £257 million and diluted earnings per share rose to 8.1 pence from 6.4 pence a year ago period.

Jeronimo Martins SGPS SA plunged 6.8% to €12.12 after the Portugal-based food retailer reported sales in the year ending in December soared 10.7% to €11.8 billion from €10.7 billion a year earlier. Comparable sales in the year increased 4.2%.

Net profit in the year climbed 6% to €382.3 million compared to €360.5 million and earnings per share increased to €0.61 from €0.57 a year ago period.

The Weir Group Plc soared 6.8% to 2,513 pence after the U.K.-based engineering company reported revenue in the year ending on January 3 dropped 4% to £2.43 billion from £2.54 billion a year ago.

Profit for the year soared 7.1% to £335.7 million compared to £313.3 million and diluted earnings per share increased to £1.56 from £1.45 a year earlier.

The company said operating profit in the year jumped 4.5% to £490 million and pre-tax profit rose 2.4% to £431 million.