Airbus, Bouygues, LSE Net Surge; Arkema Net Tumbles

Nigel Thomas
14 Nov, 2014
New York City

Airbus net surged 16% to

[R]4:00 PM Frankfurt – Airbus net surged 16% to €1.40 billion on 4% increase in revenues. Arkema net tumbled 69% to €20 million. Aggreko revenues in the third-quarter dropped 3%. Bouygues profit soared 33% to €728 million. London Stock Exchange net jumped 15% to £92 million.[/R]

In London trading, FTSE 100 index rose 0.2% or 14.40 to 6,649.85 and in Frankfurt the DAX index edged up 0.06% or 5.65 to 9,254.16.

In Paris, CAC 40 index increased 0.4% or 15.01 to 4,202.96.

Airbus Group NV gained 1.7% to €48.50 after the France-based aerospace and defense products maker reported revenues in the nine-month ending in September jumped 4% to €40.50 billion from €38.95 billion a year ago period.

Net income in the quarter surged 16% from a year ago to €1.40 billion compared to €1.20 billion and diluted earnings per share slipped to €1.79from €1.51.

New orders in the nine-month dropped to €78.7 billion from €137 billion and as of September order book climbed to €765.4 billion compared to €680.6 billion a year ago period.

Arkema SA surged 8.9% to €53.80 after the France-based chemical products maker said sales in the third-quarter ending in September dropped 1.1% to €1.48 billion from €1.50 billion a year ago period.

Net income in the quarter tumbled 69.2% from a year ago to €20 million compared to €65 million and diluted earnings per share slipped to €0.31from €1.03.

Arkema confirmed EBITDA for the fiscal 2014 estimated to €800 million.

Aggreko Plc jumped 3.6% to 1,598 pence after the U.K.-based power and temperature control solution provider said revenues in the third-quarter ending in September dropped 3% and estimated underlying profit for the year to be similar to profit in 2013.

Power projects in the third quarter climbed 10% and business from America surged 15%. Europe, Middle East and Africa business jumped 4% while business from Asia region business declined 9%.

Bouygues SA climbed 4.9% to €28.39 after the France-based telecommunications, media and construction group stated revenues in the nine-month ending in September rose 1% to €24.22 billion from €24.09 billion a year ago period.

Net income in the quarter soared 32.8% from a year ago to €728 million compared to €548 million.

The company said order book at the construction businesses remained at a high level of €27.4 billion from a year ago period.

London Stock Exchange Group Plc fell 0.3% to 2,047 pence after the U.K.-based trading service provider reported revenues in the first-half ending in September climbed 18% to £592.6 million from £504.2 million a year ago period.

Net income in the period jumped 14.9% from a year ago to £91.7 million compared to £79.8 million and diluted earnings per share slipped to 26.2 pence from 27.5 pence.