Ahold, SAB Millier, Symrise Net Soar; RWE Net Loss Narrows

Nigel Thomas
13 Nov, 2014
New York City

Ahold net climbed 8% to

[R]4:00 PM Frankfurt – Ahold net climbed 8% to €178 million. SABMiller profit soared 15% to $2.1 billion. Iliad revenues in the third-quarter soared 30% to €416 million. RWE net loss narrowed to €30 million and 7% decrease of revenues. Symrise profit surged 26% to €176 million.[/R]

In London trading, FTSE 100 index rose 0.1% or 9.86 to 6,620.90 and in Frankfurt the DAX index added 0.2% or 19.32 to 9,230.28.

In Paris, CAC 40 index slid 0.08% or 3.15 to 4,176.73.

Koninklijke Ahold N.V slid 0.3% to €13.65 after the Netherlands-based retail group said net sales in the third-quarter ending in September rose 1.9% to €7.47 billion from €7.33 billion a year ago period.

Net income in the quarter climbed 7.9% from a year ago to €178 million compared to €165 million and diluted earnings per share increased to €0.20 from €0.16.

Ahold USA net sales in the quarter improved 1.6% to €4.5 billion and in the Netherlands net sales rose 1.4% to €2.60 billion and in Czech Republic sales surged 18.7% to €367 million from a year ago.

SABMiller Plc gained 1.4% to 3,561 pence after the U.K.-listed brewing and beverage reported revenues in the first-half ending in September jumped 2% to $11.37 billion from $11.10 billion a year ago period.

Profit in the quarter soared 15% from a year ago to $2.10 billion compared to $1.83 billion and diluted earnings per share climbed to $1.22 from $1.06.

Iliad SA climbed 3.7% to €193.65 after the France-based communication service provider said total revenues in the third-quarter ending in September soared 29.6% to €416 million from €321 million and landline revenue jumped 2.6% to €642 million from €626 billion a year ago period.

During the quarter, the company added 70,000 new broadband subscribers and total subscribers by the end of quarter were 15.4 million, 9.6 million mobile subscribers and 5.8 million of broadband subscribers.

RWE AG declined 3.5% to €26.51 after the Germany-based electricity and gas provider reported revenues in the third-quarter ending in September declined 6.9% to €10.20 billion from €10.96 billion a year ago period.

Net loss in the quarter narrowed from a year ago to €30 million compared to €370 million and diluted loss per share dropped to €0.05 from €0.60.

Symrise AG jumped 2.5% to €46.40 after the Germany-based fragrances and flavors manufacturer said group sales in the nine-month ending in September soared 9% to €1.53 billion from €1.40 billion a year ago period.

Net income in the period surged 26% from a year ago to €175.9 million compared to €139.9 million and diluted earnings per share climbed to €1.42 from €1.18.