Orpea Profit Tumbles but Rehab Demand Surge, SMA Solar Declines

Sarla Buch
28 Mar, 2018
New York City

Hilton Food revenue soared on higher volume. Orpea struggled with profitability despite rising revenues. SMA Solar plunged after revenues declined on weak demand in the U.S. The W & W Group profit jumped 9.6% but revenues plummeted 21%.

[R]4:00 PM Frankfurt – Hilton Food revenue soared on higher volume. Orpea struggled with profitability despite rising revenues. SMA Solar plunged after revenues declined on weak demand in the U.S. The W & W Group profit jumped 9.6% but revenues plummeted 21%.[/R]

In London trading, FTSE 100 index fell 29.97 or 0.4% to 6,892.97 and in Frankfurt the DAX index decreased 61.91 or 0.5% to 11,826.15.

In Paris, CAC 40 index slipped 21.32 or 0.4% to 5,073.89.

Hilton Food Group Plc jumped 3.9% to 800 pence after the U.K.-based meat packer reported revenues in the year ending in December soared 10.1% from a year ago to £1.4 billion.

Net income in the year increased 1.1% to £27 million from £26.7 million in a year ago period and diluted loss per share decreased to 32.8 pence from 33.2 pence.

The Hilton Food said packing volume in the year surged 10.4% to 303.8 tons from 275.2 tons in the same period a year ago.

Orpea SA increased 0.2% to €100 after France-based retirement homes and rehabilitation clinics operator reported revenues in the year ending in December soared 10.5% from a year ago to €3.1 billion.

Net profit in the period tumbled 65% to €89.8 million from €256.4 million in a year ago period.

The rehabilitation clinics operator said operating profit in the year surged 15.4% to €547.7 million and pretax profit jumped 6.1% to €275 million from a year ago period.

SMA Solar Technology AG plunged 11.5% to €47.16 after Germany-based solar energy equipment supplier said revenues in the year ending in December declined 5.9% from a year ago to €891 million.

Net profit in the year rose 1.7% to €30.1 million from €29.6 million in a year ago period and diluted earnings per share increased to €0.87 from €0.85.

The solar energy equipment supplier forecasted first-quarter revenues to jump 3.9% to €180 million and operating profit to soar 13.2% to €18 million from a year ago period.

In fiscal 2018, the energy supplier estimated revenues between €900 million and €1 billion and operating profit between €90 million and €110 million.

Wuestenrot & Wuerttembergische AG declined 8.1% to €19.40 after Germany-based financial services provider reported revenues in the year ending in December plummeted 21.4% from a year ago to €1.1 billion.

Net profit in the year jumped 9.6% to €258 million from €235.3 million in a year ago period and diluted earnings per share increased to €2.74 from €2.49.

The W & W Group reaffirmed fiscal 2018 net income estimate between €220 million and €250 million.