Air France-KLM, Carrefour, EADS, Total: French Equity Preview

By Francois de Beaupuy and David Whitehouse

July 14 (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 tumbled 130.92, or 3.1 percent, to a three-year low of 4,100.64 in Paris. The SBF 120 Index lost 3 percent.

Companies that are sensitive to the price of oil may be active after the price of crude breached $147 a barrel for the first time. Total SA (FP FP), Europe's third-largest oil company, added 32 cents, or 0.6 percent, to 50.17 euros. Air France-KLM Group, (AF FP), Europe's largest airline, sank 1.17 euros, or 7.9 percent, to 13.70 euros. Michelin & Cie. (ML FP), the world's second-largest tiremaker, tumbled 2.99 euros, or 6.5 percent, to 42.90 euros.

Carrefour SA (CA FP): Europe's biggest retailer won't proceed with an initial share sale of its property unit if the price doesn't correspond to the market value of its assets, Le Journal des Finances reported, citing Carrefour Chief Executive Officer Jose Luis Duran. The shares of Carrefour fell 75 cents, or 2.4 percent, to 30.75 euros.

European Aeronautic, Defence & Space Co. (EAD FP): The company's Airbus unit, the world's biggest maker of commercial jets, may announce about $60 billion of orders at next week's Farnborough air show, Le Figaro said, without citing anyone.

EADS separately said as much as one-third of its order book is at risk of deferral or cancellation as spiraling oil prices wipe out airline earnings.

Airbus's revenue is also being hurt by the weakness of the dollar, the denomination for plane sales, and the U.S. currency may also scupper its plans to sell a U.K. factory to bring to down costs, EADS Chief Executive Officer Louis Gallois said.

Shares of EADS fell 1.29 euros, or 11 percent, to 10.74 euros.

Eurofins Scientific SA (ERF FP): The company, which provides quality testing for wine and drugmakers, expects its operating profit to rise in 2009, founder and Chairman Gilles Martin said in an interview with Investir. He said the company aims for an operating profit of 15 percent of sales in the ``medium term,'' according to the newspaper. The shares fell 9 cents, or 0.2 percent, to 50.3 euros.

To contact the reporter on this story: Francois de Beaupuy in Paris at fdebeaupuy@bloomberg.net.