Vivendi Cites Canal+ Improvements, Iliad Adds More Subscribers

Sarla Buch
01 Sep, 2017
New York City

Gemalto profit plunged and the digital security services provider lowered outlook. Iliad, France based mobile telecom operator, said net income surge was driven by the growth in subscribers. Vivendi profit tumbled. Volvo soared on higher operating margin forecast.

[R]4:00 PM Frankfurt – Gemalto profit plunged and the digital security services provider lowered outlook. Iliad, France based mobile telecom operator, said net income surge was driven by the growth in subscribers. Vivendi profit tumbled. Volvo soared on higher operating margin forecast.[/R]

In London trading, FTSE 100 index increased 17.80 or 0.2% to 7,448.42 and in Frankfurt the DAX index jumped 104.91 or 0.8% to 12,160.52.

In Paris, CAC 40 index advanced 40.86 or 0.8% to 5,126.44.

For the week, FTSE 100 index jumped 1.7%, the DAX index slid 0.1% and the CAC 40 index gained 0.6%.

Emis Group Plc declined 5% to 933.50 pence after the U.K.-based healthcare information technology services provider said revenues in the first-half ending in June slid 1% from a year ago to £79.2 million.

Net profit in the period declined 15.5% to £8.2 million from £9.7 million in a year ago six-month period and diluted earnings per share fell to 13.1 pence from 15.5 pence.

Gemalto NV dropped 2.4% to €16.21 after the Netherlands-based digital security services provider stated revenues in the first-half ending in June declined 7% from a year ago to €1.4 billion.

Net income in the period plunged 63% to €39.4 million from €106.4 million in a year ago six-month period and diluted earnings per share increased to €0.44 from €1.19.

Gemalto lowered fiscal 2017 operating profit estimate to between €200 million and €230 million from the earlier estimate range between €293 million and €323 million.

Iliad SA gained 1.7% to €220.60 after France-based wireless, fixed-line telephony services provider reported revenues in the first-half ending in June jumped 6.9% from a year ago to €2.5 billion.

Net income in the period surged 20% to €227.1 million from €189.3 million in a year ago six-month period and diluted earnings per share increased to €3.78 from €3.16.

In the period, mobile business added 440,000 net new subscribers, more than 5,000 from the first-half of 2016 and total subscribers in landline and fast broadband service increased to 6.5 million.

Operating profit in the period soared 8.2% to €875 million after revenues in the landline business increased 4.8% to €1.4 billion and revenues in mobile business and services jumped 10% to €1.1 billion.

Vivendi SA jumped 4.9% to €220.60 after France-based media and publishing services provider reported revenues in the first-half ending in June soared 7.8% from a year ago to €5.4 billion.

Net income in the period tumbled 80.7% to €176 million from €911 million in a year ago six-month period and diluted earnings per share increased to €0.14 from €0.71.

The increase in revenues was driven by 14% jump in Universal Music Group revenues to €2.7 billion but revenues in the Canal+ Group slumped 2.4%.

Operating profit in the period plunged 9.2% to €352 million that included the purchase of 59.2% stake in Havas held by the Bollore Group.

Vivendi forecasted fiscal 2017 revenues to jump more than 5% and operating profit to soar 25% also Canal+ Group confirmed operating profit estimate of €350 million, an increase from €240 million in 2016.

Volvo AB soared 7.1% to 145.20 Swedish kronor after Sweden-based trucks, buses and construction equipment maker forecasted fiscal 2017 operating margin is likely to exceed 10%.