Pernod Sales in China and India Jump, Tele Columbus Upbeat on Outlook

Sarla Buch
29 Aug, 2018
New York City

Aroundtown net jumped 25% on 47% surge in revenues. Pernod Ricard profit soared after strong growth in India and China and the spirit maker lifted fiscal outlook. Tele Columbus surged on improved fiscal outlook.

[R]4:00 PM Frankfurt – Aroundtown net jumped 25% on 47% surge in revenues. Pernod Ricard profit soared after strong growth in India and China and the spirit maker lifted fiscal outlook. Tele Columbus surged on improved fiscal outlook.[/R]

In London trading, FTSE 100 index dropped 63.37 or 0.8% to 7,553.85 and in Frankfurt the DAX index rose 7.44 to 12,534.86.

In Paris, CAC 40 index edged up 5.63 to 5,490.27.

Aroundtown SA gained 1.8% to €7.74 after Germany-based real estate developer said total revenues in the first-half ending in June soared 46.5% from a year ago to €347.6 million.

Net profit in the period jumped 24.8% to €970.3 million from €777.4 million in the same period a year ago and diluted earnings per share increased to €0.82 from €0.74.

The commercial and residential property developer said it successfully disposed €700 million of non-core assets and fund from operation surged 93% to €300 million and property revaluations capital gains jumped 20.3% to €899.6 million.

Bertrandt AG jumped 3.2% to €81.65 after Germany-based automotive and aviation solution provider reported total revenues in the nine-month period ending in June advanced 2.3% from a year ago to €752.6 million.

Net profit in the period surged 15.5% to €32.1 million from €27.8 million in the same period a year ago and diluted earnings per share increased to €3.18 from €2.76.

Bertrandt said operating profit in the period soared 23.9% to €49.4 million from a year ago period.

Pernod Ricard SA rose 0.1% to €138.55 after France-based distilled beverages maker reported revenues in the year ending in June fell 0.3% from a year ago to €9 billion.

Net profit in the period soared 13% to €1.6 billion from €1.4 billion in the same period a year ago and diluted earnings per share increased to €5.69 from €5.58.

Pernod said sales in China and India jumped 9% and sales in the U.K, Eastern Europe, Germany rose 2%. Sales in America soared 6%.

The premium spirits maker forecasted fiscal 2019 profit growth in the range of 5% and 7% and the company said it plans to raise dividend to €2.36, jump 17% from a year ago period.

Tele Columbus AG surged 35.3% to €3.70 after Germany-based TV and internet and telephony network provider forecasted fiscal 2018 revenues to be stable, core profit of at least €235 million while capital expenditure of about €150 million.

Tele Columbus is schedule to release its first-half result on August 31, 2018.