Europe Earnings: Daimler, Evraz, Hansen, Wirecard, WS Atkins

Nigel Thomas
09 Apr, 2014
New York City

Daimler estimated significant improvement in sales growth in the year. Evraz net loss in the year widened to $572 million and sales fell 2%. Chr Hansen profit jumped 6% to

[R]4:00 PM Frankfurt – Daimler estimated significant improvement in sales growth in the year. Evraz net loss in the year widened to $572 million and sales fell 2%. Chr Hansen profit jumped 6% to €56 million. Wirecard profit soared 13% to €83 million after revenue surged 22%.[/R]

In London trading, FTSE 100 index jumped 0.7% or 46.60 to 6,637.29 and in Frankfurt the DAX index rose 0.2% or 17.31 to 9,508.10.

In Paris, CAC 40 index gained 0.4% or 19.30 to 4,444.13.

Daimler AG gained 0.8% to €70.47 after the Germany-based automobile maker estimated “significant improvement in sales growth” in the year and “increase in operating profit” from the ongoing business.

Daimler plans to invest about €21.8 billion in development and production capacity in the next two years.

Evraz Plc surged 7.8% to 84.70 pence after the U.K.-based steel and mining company reported revenue in the year ending in December fell 2.1% to $14.4 billion from $14.7 billion a year ago.

Net loss in the year widened to $572 million compared to $425 million and loss per share increased to 35 cents from 30 cents a year earlier.

Chr Hansen Holding A/S surged 8.7% to 233 kronor after the Denmark-based bioscience company reported revenue in the first-half ending in February was flat at €353 million from a year ago.

Profit in the period jumped 6.4% to €56.2 million compared to €52.8 million and diluted earnings per share rose to €0.42 from €0.39 a year earlier.

Wirecard AG climbed 5.9% to €30.08 after the Germany-based online payment service provider said revenue in the year ending in December surged 22.1% to €481.7 million from €394.6 million a year ago.

Profit in the year soared 12.8% to €82.7 million compared to €73.3 million and diluted earnings per share increased to €0.74 from €0.66 a year earlier.

The company expects operating earnings before interest, tax, depreciation and amortization for fiscal 2014 between €160 million and €175 million.

WS Atkins Plc rose 0.6% to 1,413 pence after the U.K.-based engineering services provider said domestic revenue in the year ending in March is expected to be “broadly flat” in the year but operating margin is expected to improve from a year ago.