Bilfinger Orders Drops, TUI Declines on weak Sales and Bookings

Sarla Buch
15 May, 2017
New York City

Bilfinger fell on weak demand in the energy and utility sectors. Dignity Plc net and revenues soared on higher number of deaths. Deutsche Pfandbriefbank net jumped 4%. Indus Holding profit revenues surged. The tour operator TUI declined on weak sales and bookings in the U.K.

[R]4:00 PM Frankfurt – Bilfinger fell on weak demand in the energy and utility sectors. Dignity Plc net and revenues soared on higher number of deaths. Deutsche Pfandbriefbank net jumped 4%. Indus Holding profit revenues surged. The tour operator TUI declined on weak sales and bookings in the U.K.[/R]

In London trading, FTSE 100 index rose 20.11 or 0.3% to 7,455.94 and in Frankfurt the DAX index increased 19.31 or 0.2% to 12,790.15.

In Paris, CAC 40 index edged up 0.23 to 5,405.75.

Bilfinger SE slipped 0.9% to €38.71 after Germany-based industrial services provider reported revenues in the first-quarter ending in March declined 8% from a year ago to €961 million.

Net loss in the quarter narrowed from a year ago to €55 million from €80 million and diluted earnings per share rose to €1.24 from €1.81.

The Bilfinger said orders dropped 4% after demand in the energy and utility sectors remained restrained.

Dignity Plc jumped 3.2% to 2,612 pence after the U.K.-based funeral related services provider said revenues in the first-quarter ending in March soared 15% from a year ago to £93.3 million.

Dignity said operating profit in the quarter surged 20% to £37.4 million from £31.1 million in the same period a year ago.

However, the funeral services provider said number of deaths in the quarter increased 7% 167,000 from 156,000.

Deutsche Pfandbriefbank AG slid 0.2% to €12.52 after Germany-based financial services provider said net interest income in the first-quarter ending in March grew 1% from a year ago to €103 million.

Net income in the quarter jumped 4% from a year ago to €38 million from €34 million and diluted earnings per share rose to €0.28 from €0.25.

General and administrative expenses rose to €50 million from €45 million in a year ago period and new loan loss provisions of €2 million were recognized during the period under review.

Indus Holding AG fell 0.3% to €63.10 after Germany-based engineering products maker stated net sales in the first-quarter ending in March jumped 14.5% from a year ago to €381 million.