Economic Calendar

Friday, July 11, 2008

Carbone Lorraine, Casino, Groupe SEB: French Stocks Preview

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By Anne-Sylvaine Chassany

July 11 (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 108.10, or 2.5 percent, to 4,231.56 in Paris for its biggest drop since March. The SBF 120 Index also lost 2.5 percent.

Carbone Lorraine SA (CRL FP): Axa Private Equity bought 10.5 percent of the world's second-biggest maker of industrial fuses and said it may raise its holding to as much as 22.5 percent. The shares lost 17 cents, or 0.5 percent, to 37.83 euros.

Casino Guichard-Perrachon SA (CO FP): The biggest supermarket owner in Paris reports second-quarter sales before the market opens in Paris. The company may say revenue rose 11 percent to 7.03 billion euros, according to the median of six analyst estimates, after it took control of operations in Colombia and the Netherlands. The shares fell 2.31 euros, or 3.3 percent, to 67.90 euros.

Esker SA (ESK FP): The supplier of fax software to Whirlpool Corp. and Adecco SA said second-quarter sales rose 10 percent to 6.97 million euros. The company also said it won a $1 million contract from an unidentified electronics group. The shares gained 1 cent, or 0.2 percent, to 4.21 euros.

Groupe SEB SA (SK FP): The world's largest maker of countertop kitchen appliances said first-half sales rose 15 percent, boosted by French demand for products such as the Actifry deep fryer and by market growth in central Europe. The shares rose 17 cents, or 0.5 percent, to 34.19 euros.

Jacquet Metals SA (JCQ FP): The metals producer said second-quarter revenue dropped to 62.8 million euros from 81.9 million euros last year and forecast profit margins will be hurt by a drop in European sales. The shares fell 3.80 euros, or 7.5 percent, to 47.21 euros.

Poncin Yachts (PONY FP): The sailboat maker that filed for creditor protection last month aims to reach an accord with banks over its 22 million euros of debt by the autumn, Chief Financial Officer David Etien said. The shares closed unchanged at 97 cents.

Radiall SA (RLL FP): The maker of electronics products and connectors said second-quarter sales increased 8.2 percent to 52.8 million euros. Full-year sales will be close to 2007 levels, the company said, citing an ``uncertain environment'' and currency movements. The shares gained 38 cents, or 0.5 percent, to 75.38 euros.

Stallergenes SA (GEN FP): Europe's second-largest maker of allergy drugs said sales advanced 18 percent to 38 million euros in the second quarter. The shares added 32 cents, or 0.6 percent, to 58.2 euros.

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


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