Europe Movers: Danone, Dassault, Orange, Safran, Standard Chartered

Bridgette Randall
26 Apr, 2023
Frankfurt

Danone SA increased 1% to €61.04 after the French yogurt and food products maker lifted its 2023 sales outlook. 

Net sales in the first quarter increased 11.6% to €6.96 billion and sales rose 10.3% on a comparable basis from a year ago. 

Sales in North America rose 11.6%, in China and North Asia rebounded 16% and rose 6.2% in France driven by higher sales in France, UK and Poland. 

The company reiterated its full-year 2023 sales growth estimate between 4% and 6%.  

Dassault Systemes SE dropped 7.8% to €34.51 despite the French software company reporting quarterly results that matched market expectations. 

Total revenue in the first quarter rose 8% to €1.4 billion, driven by 10% increase in recurring revenue. 

Operating margin dropped to 20.8% from 25.3% in the quarter year ago.  

Net income in the quarter rose to Є367 million from Є362.3 million from and diluted earnings per share rose 1% to 28 cents from 27 cents  on the non-IFRS basis. 

The company guided second quarter revenue between €1.440 billion and €1.463 billion and diluted earnings per share between 27 euro cents and 28 euro cents. 

Orange SA increased 1.9% to €11.66 after the French mobile telecom operator reported rising sales in the first quarter and the company reiterated its 2023 sales outlook. 

Revenue in the first quarter increased 0.3% to €10.6 billion and adjusted operating earnings decreased 1.2% to €2.59 billion. 

Safran SA fell 2.2% to €138.90 despite the aerospace company reporting sales increase of  29.4% to €5.3 billion, mainly fueled by propulsion and aircraft Interiors activities. 

As a part of its stock repurchase program for 9.4 million shares, the company has acquired 6.9 million shares and announced its plan to acquire €350 million of its shares between April 11 and June 9. 

Standard Chartered Plc rose 1.4% to 629.0 pence after the UK-based bank reported pre-tax profit in the first quarter increased 23%. 

Operating revenue in the first quarter rose 8% to $4.4 billion and pre-tax income rose to $1.7 billion from $1.4 billion and net interest margin increased 5 basis points to 1.63%.