Economic Calendar

Friday, November 28, 2008

Essilor, Euromedis, Faurecia, Jacquet: French Stocks Preview

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By Ladka Bauerova

Nov. 28 (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 rose 80.54, or 2.5 percent, to 3250.39. The SBF 120 Index added 2.5 percent.

Essilor International SA (EF FP): The world’s largest maker of eyeglass lenses plans to raise as much as 10.6 million euros selling new shares to employees. The stock fell 20 cents, or 0.7 percent, to 29.80 euros.

Euromedis Groupe (EMG FP): The distributor of medical supplies reported an 8.6 percent decline in full-year net income to 1.28 million euros and said fiscal first-quarter revenue fell 3.3 percent to 14.7 million euros. The shares lost 6 cents, or 2.3 percent, to 2.55 euros.

EuropaCorp SA (ECP FP): The film producer and distributor founded by French director Luc Besson said first-half net income rose to 5.3 million euros from 1.7 million euros a year earlier and forecast higher revenue in the second half of the year. The shares added 11 cents, or 2.6 percent, to 4.33 euros.

Faurecia SA (EO FP): Europe’s largest maker of automotive interiors, said it obtained 1.42 billion euros ($1.83 billion) in new financing, including a loan from majority shareholder PSA Peugeot Citroen. The shares added 33 cents, or 3.1 percent, to 11.01 euros.

Jacquet Metals SA (JCQ FP): The metals producer said nine- month net income plunged to 7.1 million euros from 26.8 million euros a year earlier. The shares rose 20 cents, or 0.9 percent, to 22.51 euros.

Maesa (ALMAE FP): The perfume maker reported a 47 percent drop in first-half net income to 1.6 million euros. The company also said it plans to buy Zorbit for as much as $50 million to expand in the U.S. The shares last traded at 11.45 euros, up 65 cents, or 6 percent.

MGI Digital Graphic Technology (ALMDG FP): The printer manufacturer said nine-month net income rose 15 percent to 2.19 million euros and confirmed its full-year targets. The shares fell 1 cent to 3.80 euros.

Rue du Commerce SA (RDC FP): France’s largest online retailer of electronic goods reported a 70 percent decline in first-half net income to 0.6 million euros. The shares gained 15 cents, or 5.2 percent, to 3.03 euros.

To contact the reporter on this story: Ladka Bauerova in Paris at lbauerova@bloomberg.net.




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