Sonova Net Jumps; Mitie Net Swings to Loss

Nigel Thomas
17 Nov, 2014
New York City

Hennes & Mauritz October sales soared 14%. Keller plunged despite positive outlook. Mitie Group net swung to a loss to

[R]4:00 PM Frankfurt – Hennes & Mauritz October sales soared 14%. Keller plunged despite positive outlook. Mitie Group net swung to a loss to £3.3 million after revenues in the first-half edged up. Sonova profit jumped 6% to 173.6 million francs on 8% increase in revenues.[/R]

In London trading, FTSE 100 index edged up 0.07% or 4.95 to 6,659.32 and in Frankfurt the DAX index rose 0.09% or 8.52 to 9,261.46.

In Paris, CAC 40 index gained 0.1% or 5.10 to 4,207.56.

H & M Hennes & Mauritz AB jumped 2.4% to 307 kronor after the Sweden-based clothing company said sales including value added tax in October soared 14% compared to the same month last year.

Keller Group plunged 5.9% to 822.50 pence after the engineering company said group revenue and operating profit in the four months to the end of October ahead of the comparable period in 2013

The company estimated group results for the full-year to be in line with market expectations.

Mitie Group Plc declined 4.6% to 277.80 pence after the U.K.-based outsourcing service provider reported revenues in the first-half ending in September edged up 0.9% to £1.10 billion from £1.09 billion a year ago period.

Net in the period swung to a loss from a year ago to £3.3 million compared to profit of £31.8 million and diluted loss per share swung to a 1 pence from a earnings per share of 8.6 pence.

Sonova Holding AG slipped 1.3% to 145.10 francs after the Switzerland-based healthcare company reported group revenues in the first-half ending in September climbed 7.7% to 990.2 million francs from 947.8 million francs a year ago period.

Net profit in the period jumped 6% from a year ago to 173.6 million francs compared to 163.7 million francs and diluted earnings per share rose to 2.52 francs from 2.39 francs.