Carrefour, Hugo Boss, Remy Cointreau Sales Jump; Nestle Sales Fall

Nigel Thomas
16 Oct, 2015
New York City

Carrefour sales increased 4%. Hugo Boss group sales jumped 4%. Nestle total sales in the nine-month fell 2%. Remy Cointreau total sales in the first-half soared 6% to

[R]4:00 PM Frankfurt – Carrefour sales increased 4%. Hugo Boss group sales jumped 4%. Nestle total sales in the nine-month fell 2%. Remy Cointreau total sales in the first-half soared 6% to €501 million. Vodafone signed partnership with Russia-based mobile group MTS.[/R]

In London trading, FTSE 100 index increased 29.77 or 0.5% to 6,367.74 and in Frankfurt the DAX index edged up 9.46 to 10,074.26.

In Paris, CAC 40 index gained 12.30 or 0.3% to 4,687.59.

For the week, FTSE 100 index decreased 0.8% and the DAX index fell 0.2% and the CAC 40 index slid 0.3%.

Carrefour SA soared 6.5% to €28.94 after the France-based discount and convenience stores operator said group sales in the third-quarter ending in September soared 4.2% from a year ago to €21.54 billion.

The retailer said domestic organic sales growth in the quarter increased 1.6% to €10.27 billion but sales in international region surged 6.2% to €11.28 billion.

Hugo Boss AG was halted at €78.33 after the Germany-based luxury fashion clothing maker reported group sales in the third-quarter jumped 4% to €744 million and operating profit declined 8% to €168 million mainly due to weak sales in China and in the U.S.

The company is scheduled to release detail third-quarter results on November 3.

Nestle SA dropped 2.4% to 73.35 Swiss francs after the Switzerland-based dairy and food products maker said total sales in the nine-month period ending in September dropped 2.1% from a year ago to 64.86 billion francs.

The company sales were impacted by the withdrawal of Maggi noodles in India and slower than expected recovery in China.

Nestle lowered its fiscal organic growth outlook to around 4.5% from the earlier estimate of 4.7% but said underlying earnings per share outlook on constant currencies basis are likely to improve.

Remy Cointreau declined 3.1% to €59.57 after the France-based wines and spirits producer said total sales in the first-half ending in September jumped 6.1% from a year ago to €500.7 million.

Vodafone Group rose 0.8% to 208.80 pence after the mobile company sign an agreement to extend its strategic partnership with Russia-based MTS to expand its business in Ukraine.