Europe Movers: Creston, Iomart, Oxford Instruments, Nordex, RPC

Nigel Thomas
09 Jun, 2015
New York City

Creston net soared 43% to

[R]4:00 PM Frankfurt – Creston net soared 43% to £7.3 million. Iomart agreed to acquire SystemsUp for £10 million. Oxford Instruments net swung to a loss of £6 million but revenues climbed 7%. RPC Group net jumped 47% to £41 million.[/R]

In London trading, FTSE 100 index fell 0.5% or 36.82 to 6,756.22 and in Frankfurt the DAX index dropped 1.2% or 138.71 to 10,926.76.

In Paris, CAC 40 index slipped 0.7% or 33.13 to 4,824.53.

Creston Plc climbed 4.4% to 133.70 pence after the U.K.-based marketing communications group said group revenues in the year ending in March jumped 3% to £76.9 million from £74.9 million in a year ago period.

Net profit in the year soared 42.7% from a year ago to £7.3 million compared to £5.1 million and diluted earnings per share increased to 12.45 pence from 8.52 pence.

Iomart Group Plc slid 0.03% to 231.94 pence after the U.K.-based cloud hosting services provider stated total revenues in the year ending in March climbed 18% to £65.8 million from £55.6 million in a year ago period.

Net profit in the year surged 14.3% from a year ago to £8.8 million compared to £7.7 million and diluted earnings per share rose to 8.24 pence from 7.23 pence.

Separately, the company agreed to acquire SystemsUp Limited for about £9.5 million on a cash-free and debt-free basis.

Oxford Instruments Plc plunged 8.1% to 980 pence after the U.K.-based electrical equipment maker reported revenues in the year ending in March advanced 7.1% to £385.5 million from £360.1 million in a year ago period.

Net in the year swung to a loss from a year ago to £6.3 million compared to profit of £18.2 million and diluted loss per share swung to 11.1 pence from diluted earnings per share of 31.9 pence.

Nordex SE gained 1.3% to €20.76 after the Germany-based wind power systems maker said it secured 17 orders with a total capacity of more than 150 megawatts in domestic markets.

The company now opened a regional center in Würzburg for better service contracts with terms of up to 15 years.

RPC Group Plc climbed 3.6% to 640.50 pence after the U.K.-based rigid plastic packaging reported total revenues in the year ending in March surged 17% to £1.22 billion from £1.05 billion in a year ago period.

Net profit in the year jumped 47.1% from a year ago to £41.2 million compared to £28 million and diluted earnings per share climbed to 18.7 pence from 15.1 pence.