Adecco Net Soars, E.ON Net Swings to Loss

Nigel Thomas
11 Mar, 2015
New York City

Adecco net soared 14% to

[R]4:00 PM Frankfurt – Adecco net soared 14% to €638 million. Deutsche Post profit dropped 1% to €2.1 billion. Domino Printing agreed to be acquired by Japan-based Brother for £1 billion. E.ON net swung to a loss of €3.2 billion on 7% decline in revenues. MAN SE swung to profit €254 million.[/R]

In London trading, FTSE 100 index edged up 5.82 to 6,708.66 and in Frankfurt the DAX index climbed 1.8% or 208.84 to 11,709.22.

In Paris, CAC 40 index jumped 1.8% or 89 to 4,970.95.

Adecco SA climbed 3.8% to Sfr78.40 after the Switzerland-based outsourcing services provider said revenues in the year ending in December jumped 3% to €20 billion from €19.50 billion a year ago period.

Net profit in the year soared 14% from a year ago to €638 million compared to €557 million and diluted earnings per share advanced 17% to €3.61 from €3.08.

The company forecasted to achieve EBITA margin target for fiscal 2015 of more than 5.5%.

Deutsche Post AG declined 3.4% to €29.23 after the Germany-based logistics services provider reported revenues in the year ending in December climbed 3.1% to €56.63 billion from €54.91 billion a year ago period.

Net profit in the year dropped 1% from a year ago to €2.07 billion compared to €2.09 billion and diluted earnings per share decreased to €1.64 from €1.66.

The company forecasted operating profit to jump for the fiscal 2015 between of €3.05 billion and €3.2 billion.

For the fiscal 2016, the Deutsche Post forecasted operating profit to increase in the range of between €3.7 billion and €3.7 billion.

Domino Printing Sciences Plc surged 31.1% to 946 pence after the U.K.-based industrial printing equipments maker agreed to be acquired by Japan-based office equipments maker Brother Industries Ltd.

The deal valued for about £1 billion in cash or 915 pence per share, represents a 27% premium to the yesterday close.

E.ON SE gained 1.4% to €14.06 after the Germany-based energy solutions provider said revenues in the year ending in December declined 7% to €111.55 billion from €119.69 billion a year ago period.

Net in the year swung to a loss from a year ago to €3.16 billion compared to profit of €2.09 billion and diluted loss per share swung to a €1.64 from diluted earnings per share of €1.10.

The company estimated EBITDA for the fiscal 2015 to be between €7 billion and €7.6 billion and underlying net income between €1.4 billion and €1.8 billion.

MAN SE fell 0.2% to €95.62 after the Germany-based engineering equipments maker stated revenues in the year ending in December plunged 10% to €14.29 billion from €15.86 billion a year ago period.

Net in the year swung to profit from a year ago to €254 million compared to a loss of €524 million and diluted earnings per share swung to €0.88 from diluted loss per share of €1.47.