Airbus Signs 430 Aircrafts Deal with Indigo, Hapag-Lloyd Freight Volume Surges

Sarla Buch
15 Nov, 2017
New York City

Airbus signed contracts for 430 aircrafts at Dubai Air Show. Hapag-Lloyd said marine transport volume surged 24%. TalkTalk booked a loss on restructuring costs. Wirecard lifted full-year profit guidance.

[R]4:00 PM Frankfurt – Airbus signed contracts for 430 aircrafts at Dubai Air Show. Hapag-Lloyd said marine transport volume surged 24%. TalkTalk booked a loss on restructuring costs. Wirecard lifted full-year profit guidance.[/R]

In London trading, FTSE 100 index slumped 39.39 or 0.5% to 7,375.03 and in Frankfurt the DAX index declined 136.60 or 1.1% to 12,896.67.

In Paris, CAC 40 index dropped 29.66 or 0.6% to 5,285.92.

Airbus SE jumped 3.1% to €86.13 after the Netherlands-based commercial jet aircraft maker today signed a $49.5 billion contract with the U.S.-based private equity firm Indigo Partners and its four portfolio airlines to purchase 430 additional A320neo family aircrafts.

The contract was announced at the Dubai Air show.

The contract includes 273 A320neo and 157 A321neo aircrafts worth $49.5 billion at list prices.

Separately, yesterday Kuwaiti-based Wataniya airways signed a preliminary contract for 25 Airbus A320neo family aircrafts at list price of $2.7 billion.

Hapag-Lloyd AG jumped 3.8% to €33.12 after Germany-based marine freight and logistics services provider reported revenues in the nine-month period ending in September soared 28.1% from a year ago to €7.3 billion.

Net in the period swung to profit €8.2 million from a loss of €133.9 million in a year ago period and diluted earnings per share swung to €0.04 from diluted loss per share of €1.15.

The marine logistics services provider said operating profits in the period surged more than ten-fold to €267.9 million from €25.9 million in the same period a year ago.

Talktalk Telecom Group Plc tumbled 10.3% to 170 pence after the U.K.-based fixed line broadband, telephony, mobile and television services provider said total revenues in the first-half ending in September declined 5.1% from a year ago to £856 million.

Net in the period swung to a loss of £71 million from profit of £21 million in a year ago six-month period and diluted loss per share swung to 7.5 pence from diluted earnings per share of 2.2 pence.

During the period, TalkTalk added net 46,000 customers compared to net loss of 29,000 in a year ago period and secured double digit customer growth across its retail and wholesale segments.

The mobile company booked £59 million one-time charge for costs associated with reorganization.

The embattled telecoms services provider estimated fiscal 2017 operating profit may be in the lower end of £270 million to £300 million range.

Wirecard AG declined 4% to €80.37 after Germany-based electronic payment services provider reported revenues in the nine-month period ending in September surged 42% from a year ago to €1.02 billion.

Net profit in the period plunged 22.1% to €168.5 million from €216.2 million in a year ago period and diluted earnings per share slumped to €1.36 from €1.75.

The payment services provider said transaction volumes in the period soared 43.5% to €62.5 billion.

Wirecard estimated fiscal 2017 operating profit to exceed the forecast published on October 26, between €398 million and €415 million.

zooplus AG slipped 1.5% to €140.95 after Germany-based online pet food retailer said revenues in the nine-month period ending in September jumped 21% from a year ago to €794.5 million.

Net profit in the period tumbled 70.6% to €2 million from €6.8 million in a year ago period and diluted earnings per share dropped to €0.28 from €0.96.

The pet food retailer forecasted fiscal 2017 sales of about €1.13 billion and pretax profit in single-digit millions.