Economic Calendar

Tuesday, November 18, 2008

Avenir Telecom, Latecoere, Zodiac: French Stocks Preview

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By Sandrine Rastello

Nov. 18 (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 dropped 109.44, or 3.3 percent, to 3,182.03, the lowest closing level since Oct. 28. The SBF 120 Index lost 3.2 percent.

Avenir Telecom SA (AVT FP): The mobile-phone services company said first-half profit fell to 219,000 euros from 8.85 million euros a year earlier. The shares added 2 cents, or 2.8 percent, to 73 cents.

Bigben Interactive SA (BIG FP): The video-game designer said fiscal first-half profit more than tripled to 6.5 million euros from 1.7 million euros. The company raised its full-year sales growth target to more than 15 percent and forecast its operating profit to reach 18 percent of sales. The shares fell 3 cents, or 0.4 percent, to 6.85 euros.

Latecoere SA (LAT FP): The French maker of doors and cabling for Airbus SAS and Boeing Co. planes said third-quarter sales rose 20 percent to 125.1 million euros. The shares slipped 10 cents, or 1.4 percent, to 6.85 euros.

Zodiac SA (ZC FP): The biggest supplier of escape chutes for Airbus SAS airliners said it's sticking to a forecast of earnings growth in fiscal 2009 as aircraft makers sell more planes and add widebody models. The shares declined 34 cents, or 1.15 euros, to 29.18 euros.

-- Editor: Evan Roth.

To contact the reporter on this story: Sandrine Rastello in Paris at srastello@bloomberg.net.




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