Economic Calendar

Monday, November 17, 2008

Affine, Bouygues, Dexia, PCAS, Rodriguez: French Stocks Preview

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By Adria Cimino

Nov. 17 (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 advanced 22.01, or 0.7 percent, to 3,291.47 in Paris. The SBF 120 Index also climbed 0.7 percent.

Affine (IML FP): The company, which rents buildings to commercial clients, said third-quarter sales fell 15 percent to 33.3 million euros ($42 million). The stock rose 11 cents, or 0.6 percent, to 17.35 euros.

Bouygues SA (EN FP): The world's second-largest construction company said third-quarter sales rose 10 percent to 8.8 billion euros as increased infrastructure building orders in Europe helped offset declining revenue at its television unit. Analysts predicted 8.71 billion euros, the median of six estimates in a Bloomberg News survey. The stock climbed 55 cents, or 2 percent, to 28.86 euros.

Cegedim SA (CGM FP): The company, which supplies sales- tracking software for drugmakers including Pfizer Inc., maintained its 2008 outlook and reported third-quarter revenue of 189 million euros. The stock was unchanged at 43.70 euros.

Dexia SA (DX FP): The world's biggest lender to local governments will ``drastically'' reduce its risk profile and focus on retail banking and financing local governments, Le Figaro said, citing an interview with Chief Executive Officer Pierre Mariani. The stock sank 57 cents, or 11 percent, to 4.42 euros.

Eurazeo (RF FP): The investment company reported third- quarter sales of 1.13 billion euros. The company said it has sold all of its stakes in Veolia Environnement SA and Air Liquide SA and has 2 billion euros available for opportunities. The stock lost 1.51 euros, or 3.6 percent, to 41.

Huis Clos (HCL FP): The maker of windows and shutters said third-quarter sales rose 35 percent to 41.9 million euros and the company may beat its annual objectives. The stock slipped 10 cents, or 0.4 percent, to 27.40 euros.

Innelec Multimedia SA (INN FP): The distributor of computer software said second-quarter sales rose 20 percent to 39.5 million euros. The company maintained its targets for the year. The shares gained 14 cents, or 1 percent, to 13.89 euros.

Millimages (MIL FP): The producer of animation cut its 2008 sales forecast to 34 million euros, from 35.5 million euros, citing ``uncertainty'' in the market. The stock was unchanged at 45 cents when it last traded on Nov. 13.

Nexans SA (NEX FP): Barclays Plc has increased its stake in the world's biggest maker of cables and wires to more than 5 percent, according to the French stock market regulator. The stock added 1.50 euros, or 3.6 percent, to 43.30.

PCAS SA (PCA FP): The French maker of specialty and fine chemicals said it won't meet its profitability objectives and 2008 earnings will be below those of 2007. Third-quarter sales fell 6.9 percent to 36.6 million euros. The stock lost 10 cents, or 4.6 percent, to 2.10 euros.

Rodriguez Group SA (ROD FP): The maker of Mangusta yachts said annual sales fell 34 percent to 308 million euros, because of the economic crisis. The stock slipped 6 cents, or 1.3 percent, to 4.61 euros.

Theolia SA (TEO FP): The wind-power company part-owned by General Electric Co. reported nine-month sales of 85.1 million euros. Electricity sales for the company's own account were 39.9 million euros in the period. The stock rose 3 cents, or 0.6 percent, to 5.23 euros.

Groupe Vial (VIA FP): The discount carpenter that went public in 2006 said third-quarter sales were 26.1 million euros, down from 26.5 million. The company sees 2008 sales of 100 million euros. The stock slipped 5 cents, or 2.2 percent, to 2.24 euros.

To contact the reporter on this story: Adria Cimino in Paris at acimino1@bloomberg.net



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