Danone Sales Boosted by China, Total SA Agrees to Acquire Direct Energie

Sarla Buch
18 Apr, 2018
New York City

Danone sales jumped on performance in specialized nutrition in China. Heineken profit declined despite beer volume jumped. Hemfosa Fastigheter revenues soared. Getlink forecasted higher 2022 operating profit. Total agreed to acquire Direct Energie for

[R]4:00 PM Frankfurt – Danone sales jumped on performance in specialized nutrition in China. Heineken profit declined despite beer volume jumped. Hemfosa Fastigheter revenues soared. Getlink forecasted higher 2022 operating profit. Total agreed to acquire Direct Energie for €1.4 billion.[/R]

In London trading, FTSE 100 index jumped 73.14 or 1% to 7,299.19 and in Frankfurt the DAX index fell 28.33 or 0.2% to 12,556.95.

In Paris, CAC 40 index increased 14.22 or 0.3% to 5,367.89.

Danone SA jumped 2% to €67.38 after France-based dairy and foods products maker reported sales in the first-quarter ending in March soared 4.9% from a year ago to €6.1 billion.

On March 27, Danone completed the sale part of its stake in Yakult for about 175 billion yen or €1.3 billion.

Heineken NV slumped 1.7% to €88.08 after the Netherlands-based brewer reported net profit in the first-quarter declined 11.3% from a year ago to €260 million despite 6.1% jump in beer volume.

Hemfosa Fastigheter AB gained 0.7% to 104.60 Swedish kronor after Sweden-based property developer said preliminary rental income in the first-quarter soared 12.9% from a year ago to 815 million kronor.

Net income in the quarter fell 1.8% to 439 million kronor from 447 million kronor in the same period a year ago.

Getlink Corporate slipped 0.6% to €11.50 after France-based Eurotunnel shuttle vehicle services provider said revenues in the first-quarter ending in March jumped 5% from a year ago to €241.4 million.

Eurotunnel Shuttle revenue showed strong growth of 7% to €138.3 million and Railway Network revenues increased 3% to €70.1 million.

The Eurotunnel vehicle services provider forecasted operating profit by fiscal 2022 of about €735 million.

Total SA advanced 1.3% to €49.56 after France-based oil and gas producer agreed to acquire 74.33% stake in domestic electric utility provider Direct Energie at a price of €42 per share, ex-dividend of €0.35 per share, representing aggregate acquisition price of about €1.4 billion.

The transaction will be financed through Total’s available cash.