Deutsche Postbank Net Drops, Telefonica Deutschland Net Swung to Loss

Nigel Thomas
26 Mar, 2015
New York City

Deutsche Postbank net plunged 16% to

[R]4:00 PM Frankfurt – Deutsche Postbank net plunged 16% to €278 million on 8% decline in revenues. easyJet dropped on weak outlook. SolarWorld net swung to profit of €464 million on 26% increase in revenues. Vossloh net swung to a loss of €206 million. Telefonica Deutschland net swung to a loss of €721 million.[/R]

In London trading, FTSE 100 index declined 1.3% or 89.33 to 6,901.64 and in Frankfurt the DAX index dropped 1.3% or 158.16 to 11,707.16.

In Paris, CAC 40 index slumped 1.3% or 64.52 to 4,956.47.

Deutsche Postbank AG slid 0.1% to €35.70 after the Germany-based financial services provider said revenues in the year ending in December declined 8.3% to €4.73 billion from €5.16 billion in a year ago period.

Net profit in the year plunged 15.8% from a year ago to €278 million compared to €330 million and diluted earnings per share jumped to €0.67 from €0.17.

easyJet Plc declined 4.5% to 1,805 pence after the discount airline forecasted revenues per seat in the first-half ending in March to grow about 2.5% and capacity to expand 3.7%.

The airline forecasted pre-tax profit for the period between a loss of £5 million and profit of £10 million compared to previous guidance of a pre-tax loss of £10 million to £30 million.

SolarWorld AG plunged 4.7% to €13.15 after the Germany-based crystalline solar power services provider stated revenues in the year ending in December surged 25.8% to €573.4 million from €455.8 million in a year ago period.

Net in the year swung to profit to €464.2 million compared to a loss of €228.3 million in the year ago period and diluted earnings per share swung to a €36.28 from loss per share of €309.09.

The company forecasted consolidated revenues for the fiscal 2015 to climb 25% to €700 million.

Vossloh AG rose 0.4% to €57 after the Germany-based rail infrastructure provider said net sales in the year ending in December increased 1.5% to €1.32 billion from €1.30 billion in a year ago period.

Net in the year swung to a loss from a year ago to €205.7 million compared to profit of €23.6 million and diluted loss per share swung to a €16.46 from earnings per share of €1.25.

Telefonica Deutschland Holding AG slid 0.09% to €5.37 after the Germany-based communication services provider stated revenues in the year ending in December soared 12.4% to €5.52 billion from €4.91 billion in a year ago period.

Net in the year swung to a loss from a year ago to €721 million compared to profit of €78 million and diluted net per share swung to a loss of €0.45 from earnings per share of €0.7.