Economic Calendar

Wednesday, July 23, 2008

ADP, CNP, Ingenico, Peugeot, PPR, Riber: French Stocks Preview

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By Anne-Sylvaine Chassany

July 23 (Bloomberg) -- The following is a list of companies whose stocks may have unusual changes in Paris. Symbols are in parentheses after company names and prices are from the last close.

France's CAC 40 Index added 0.12 of a point to 4,327.26 in Paris. The index has increased over the past four days. The SBF 120 Index slipped 0.1 percent.

Aeroports de Paris (ADP FP): The company's ADPI unit won a $140 million to develop Jeddah's King Abdulaziz International Airport. The shares declined 53 cents, or 1 percent, to 51.98 euros.

CNP Assurances SA (CNP FP): France's largest life insurer agreed to buy a majority stake in Marfin Popular Bank's insurance business for 165 million euros, plus a 20 million-euro pre-dividend, as the two firms start a partnership for retirement and insurance products in Cyprus and Greece. The shares dropped 86 cents, or 1.2 percent, to 73.97 euros.

Ingenico SA (ING FP): The world's largest maker of payment terminals reports first-half sales after the market close in Paris. The shares fell 2.18 euros, or 9.8 percent, to 20 euros, after touching a five-year low of 19.41 euros.

LVL Medical Groupe SA (LVL FP): The supplier of medical equipment for home treatment said fiscal third-quarter sales rose to 28.8 million euros from 23.8 million euros a year earlier, and forecast improved profitability in France and Germany for the second half of the year. The shares added 10 cents, or 1.1 percent, to 9.65 euros.

Etablissements Maurel & Prom SA (MAU FP): The oil explorer said three contractors were killed at a Colombian oil field after a storage tank exploded. The shares gained 42 cents, or 2.9 percent, to 15.10 euros.

PPR SA (PP FP): The world's third-largest luxury-goods company reports second-quarter revenue after the market close in Paris. PPR may say sales rose 3.6 percent to 4.64 billion euros, according to the median of seven analyst estimates, on demand for Gucci and Bottega Veneta fashions and growth at a unit that distributes goods in Africa. The shares declined 2.12 euros, or 3.2 percent, to 63.28 euros.

PSA Peugeot Citroen SA (UG FP): Europe's second-largest carmaker reports first-half earnings before the market opens in Paris. The company may say profit rose 37 percent to 674 million euros, according to the median of nine analyst estimates, on cost-cutting, demand for new models and French tax breaks on smaller vehicles. The shares added 22 cents, or 0.7 percent, to 31.95 euros.

Riber SA (RIB FP): The maker of machines for the production of semiconductor wafers said first-half revenue more than doubled to 5.1 million euros and reported orders worth 5.3 million euros at June 30. The shares rose 1 cent, or 1 percent, to 98 cents.

Vetoquinol SA (VETO FP): The drug-testing company said second-quarter sales rose 6.9 percent to 62 million euros, helped by the acquisition of Scandinavian distributor Viavet and new products. The shares dropped 5 cents, or 0.2 percent, to 25.85 euros.

To contact the reporter on this story: Anne-Sylvaine Chassany in Paris at achassany@bloomberg.net.


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