Credit Suisse Reports 3rd Annual Loss; Sky, BT in

Sarla Buch
14 Feb, 2018
New York City

Bilfinger net swung to a loss. Criteo surged on strong financial results. Credit Agricole reported double-digit growth. Credit Suisse sounded upbeat despite annual loss. Sky and BT agreed to pay

[R]4:00 PM Frankfurt – Bilfinger net swung to a loss. Criteo surged on strong financial results. Credit Agricole reported double-digit growth. Credit Suisse sounded upbeat despite annual loss. Sky and BT agreed to pay £4.5 billion for Premier League football broadcast rights. Thyssenkrupp profit was below expectations.[/R]

In London trading, FTSE 100 index edged down 0.96 to 7,176.10 and in Frankfurt the DAX index slid 27.28 or 0.2% to 12,258.64.

In Paris, CAC 40 index fell 11.40 or 0.2% to 5,128.65.

Bilfinger SE soared 5.5% to €36.20 after Germany-based industrial services provider said revenues in the year ending in December dropped 5% from a year ago to €4 billion.

Net in the year swung to a loss of €89 million from profit of €271 million in a year ago period and diluted loss per share swung to a €2.01 from diluted earnings per share of €6.13.

The industrial services provider said gross profit in the year plunged 15% to €336 million from €395 million in the same period a year ago.

Bilfinger said orders received in the year were flat at €4.1 billion but order backlog declined 3% to €2.5 billion from a year ago period.

Criteo SA surged 19.4% to €22.20 after France-based advertising and marketing services provider said revenues in the year ending in December soared 28% from a year ago to $2.3 billion.

Net profit in the year jumped 11% to $91.2 million from $82.3 million in a year ago period and diluted earnings per share jumped to $1.34 from $1.25.

Credit Agricole SA declined 3.3% to €13.50 after France-based banking services provider reported group revenues in the year ending in December jumped 5.5% from a year ago to $32.1 billion.

Net profit in the year soared 35.5% to $6.5 billion from $4.8 billion in a year ago period and diluted earnings per share jumped to $1.12 from $0.99.

Credit Suisse Group AG advanced 3.3% to $18.26 after Switzerland-based financial services provider said revenues in the year ending in December edged up 1% from a year ago to 21.8 billion Swiss francs.

Net loss in the year narrowed to 983 million francs from 2.7 billion francs in a year ago period and diluted loss per share dropped to 0.41 francs from 1.27 francs.

Sky Plc increased 1.9% to 1,081.50 pence after the broadcasting services provider and rival BT Group Plc agreed to pay £4.46 billion to secure the broadcast rights for Premier League football games to show 160 games between 2019 and 2022.

ThyssenKrupp AG slipped 1.9% to €22.66 after Germany-based diversified industrial products maker reported revenues in the first-quarter ending in December declined 3% from a year ago to €9.8 billion.

Net profit in the quarter surged to €78 million from €8 million in a year ago period and diluted earnings per share jumped to €0.12 from €0.01.