Dior Global Revenues Surge Ahead, Gerresheimer Net Plunges

Sarla Buch
11 Oct, 2017
New York City

Christian Dior reported strong segment revenues. Dunelm said online sales soared but margins dropped. Gerresheimer profit plunged but margin jumped. Hargreaves Lansdown reported growth in assets and clients. Packaging groups Mondi said net loss narrowed.

[R]4:00 PM Frankfurt – Christian Dior reported strong segment revenues. Dunelm said online sales soared but margins dropped. Gerresheimer profit plunged but margin jumped. Hargreaves Lansdown reported growth in assets and clients. Packaging groups Mondi said net loss narrowed.[/R]

In London trading, FTSE 100 index edged down 0.70 to 7,537.77 and in Frankfurt the DAX index rose 14.53 to 12,963.73.

In Paris, CAC 40 index slid 8.25 or 0.2% to 5,355.39.

Christian Dior SA gained 0.8% to €277.75 after France-based luxury brands consumer goods producer reported revenues in the nine-month period ending in September jumped 12% from a year ago to €31.1 billion.

Revenues in fashion and leather goods business soared 14% to €11.9 billion and revenues in the selective retailing segment surged 13% to €9.3 billion.

The luxury goods maker said revenues in perfumes and cosmetics business increased 14% to €4.1 billion while revenues in the wines and spirits business jumped 7% to €3.3 billion.

Dunelm Group Plc jumped 6.3% to 745 pence after the U.K.-based home furnishings retailer said total revenues in the first-quarter ending in September surged 24.8% from a year ago to £247.9 million.

Comparable sales in the quarter increased 6.5% to £194.4 million and online sales soared 46.2% to £19.9 million.

As of September 30, net debt was about £130 million and daily average net debt across the period was about £115 million.

Gerresheimer AG advanced 2.2% to €66.14 after Germany-based pharmaceuticals and health care products maker said revenues in the nine-month ending in September declined 5.4% from a year ago to €331.5 million.

Net profit in the period plunged 17.2% to €25.6 million from €30.9 million in a year ago nine-month period and diluted earnings per dropped to €0.82 from €0.99.

Hargreaves Lansdown Plc decreased 0.4% to 1,486.50 pence after the U.K.-based investment service reported revenues in the first-quarter ending in September soared 15% from a year ago to £104.1 million driven by improved markets in the U.K. and higher new fund inflows from 30,000 net new clients.

Net new business inflows surged 38.7% to £1.5 billion and as of September 30, assets under administration jumped to £82 billion from £79.2billion in the previous quarter ended on June 30.

Mondi Plc plunged 7.3% to 1,935.88 pence after the U.K.-based packaging and paper manufacturer reported revenues in the first-half ending in June jumped 8.2% from a year ago to €3.6 billion.

Net loss in the period narrowed to €497 million from €529 million in a year ago six-month period.

Mondi estimated operating profit in the third quarter jumped 8% to €245 million but performance in the fiscal year may ""modestly"" below the market expectations. The company added, however renovation of its Steti mill in the Czech Republic with an investment of €335 million is on track to on its installation plan.

PageGroup Plc, formerly Michael Page International Plc tumbled 7.7% to 485 pence after the U.K.-based recruitment and consultancy services provider said gross profit in the third-quarter ending in September surged 11.8% from a year ago to £177.3 million as Americas and Asia regions delivered strong performances.