Sandvik Profit Soars 94%, Vonovia Launches BUWOG Takeover Offer

Sarla Buch
05 Feb, 2018
New York City

Capgemini agreed to acquire the U.S.-based LiquidHub for

[R]4:00 PM Frankfurt – Capgemini agreed to acquire the U.S.-based LiquidHub for €400 million. Sandvik new orders in the year soared 15%. Ryanair said profit soared 12% after strong traffic.Randgold profit surged 39% as sales jumped. Vonovia launched voluntary public takeover offer to buy BUWOG.[/R]

In London trading, FTSE 100 index dropped 85.55 or 1.1% to 7,360.73 and in Frankfurt the DAX index slumped 102.55 or 0.8% to 12,681.21.

In Paris, CAC 40 index declined 74.86 or 1.4% to 5,289.82.

Capgemini SE slumped 1.6% to €103.65 after France-based consulting and outsourcing services provider today agreed to acquire the U.S.-based privately held LiquidHub, digital information technology provider for about €400 million.

The transaction is to close in the next couple of months.

Sandvik AB dropped 1.8% to 147.15 Swedish kronor after Sweden-based engineering services provider said revenues in the year ending in December surged 10% from a year ago to 90.9 billion kronor.

Net profit in the year jumped 94% to 13.2 billion kronor from 6.9 billion kronor in a year ago period and diluted earnings per share rose to 10.56 kronor from 5.48 kronor.

Sandvik said new orders in the year soared 15% to 95.4 billion kronor from 81.9 billion kronor in the same period a year ago.

Ryanair Holdings Plc slumped 3.2% to €15.60 after Ireland-based budget carrier reported total revenues in the nine-month period ending in December jumped 5.5% from a year ago to €5.8 billion.

Net profit in the period soared 11.1% to €1.4 billion from €1.3 billion in a year ago period and diluted earnings per share increased to €115.68 from €99.67.

The airliner said it will return €750 million or £661 million to its shareholders through share buyback between February and October.

Ryanair reaffirmed profit after-tax estimate in the fiscal year ending in March 2018 in the range of €1.4 billion to €1.45 billion.

Randgold Resources Limited declined 3.8% to 6,776 pence after the Jersey-based gold miner said revenues in the year ending in December soared 20% from a year ago to $1.2 billion.

Net income in the year surged 38.5% to $295.8 million from $213.8 million in a year ago period and diluted earnings per share jumped to $2.61 from $2.01.

Gold producer said gold production in the fourth-quarter advanced 10% and increased 5% year in the year.

Vonovia SE slipped 1.1% to €37.47 after Germany-based residential real estate developer today said that it launch voluntary public takeover offer to acquire all shares in BUWOG AG for € 29.05 in cash.