Europe Movers: Alstom, Compass Group, Credit Agricole, Melrose Industries, TUI AG

Bridgette Randall
10 May, 2023
Frankfurt

Alstom SA decreased 2.5% to €22.84 after the transportation company delayed its mid-year targets by a year and blamed it on macroeconomic conditions. 

Revenue in the full-year 2023 ending in March increased 7% to €16.5 billion and adjusted net profit increased to €292 million from a loss of €173 million a year ago. 

Credit Agricole SA increased 5.5% to €11.76 after the French lender reported record first quarter revenue. 

Reported group revenue increased 0.5% to €8.9 billion and net income rose 23.6% to €1.7 billion. 

Loans issued in the quarter by regional banks declined 6.2% driven by a 14.3% fall in home loans as higher rates and elevated home prices kept buyers away from the market. 

Credit Agricole SA, standalone revenue in the fiscal year 2023 increased to €6.1 billion from €5.6 billion and net income rose to €1.2 billion from €0.57 billion and earnings per share increased to 36 cents from 15 cents a year ago.   

TUI AG declined 3.6% to 541.80 pence after the tour operator reported a narrower underlying operating loss. 

Revenue in the second quarter increased to €3.1 billion from €2.1 billion and the group's loss expanded to €326.2 million from €321.4 million and loss per share increased to €1.26 from €1.21 a year ago. 

The travel company said summer and winter season bookings increased to  12.9 million and forecasted air travel capacity for summer travel to match 2019 level. 

Melrose Industries PLC increased 3.5% to 439.30 pence after the company said revenues are "materially ahead of expectations." 

The company said in its trading update revenue in the first four months to April increased 19% and adjusted operating margin increased about 10% from a year ago. 

The company forecasted full-year 2023 revenue between £3.35 billion and £3.45 billion and adjusted operating profit between £340 million and £360 million. 

Compass Group Plc increased 1.7% to 2,100  pence after the UK-based catering company reported strong first-half results and lifted its annual outlook.  

Revenue in the first-half ending in March increased 36% to £15.7 billion from £11.5 billion and net income attributable to stockholders increased to £633 million from £477 million  and earnings per share rose to 36.4 pence from 26.7 pence a year ago.