Bouygues, Eurotunnel, Faiveley, Overlap: French Stocks Preview

By Gregory Viscusi

Dec. 2 (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 182.25, or 5.6 percent, to 3,080.43, the steepest drop since Nov. 6. The SBF 120 Index retreated 5.4 percent. December futures on the CAC 40 fell 2.2 percent to 3018.50 as of 8:222 a.m. in Paris.

Aeroports de Paris (ADP FP): The French state cut its holding in the owner of Paris’s Charles de Gaulle and Orly airports to 60.38 percent after selling an 8 percent stake to NV Luchthaven Schipol. The shares fell 2.03 euros, or 4.6 percent, to 42.59 euros.

Bouygues SA (EN FP): The world’s second-largest construction company reports third-quarter earnings after the market close in Paris. Last month, the company posted a 10 percent rise in revenue for the period to 8.8 billion euros, on increased European construction orders. The shares lost 2.62 euros, or 8.1 percent, to 29.61 euros.

Carrefour SA (CA FP): Europe’s biggest retailer opened two pilot convenience stores under the Carrefour Compact brand in France and plans two more in coming months. The shares declined 1.40 euros, or 4.7 percent, to 28.32 euros.

Cie. de Saint-Gobain SA (SGO FP): Jacques Aschenbroich, who heads the company’s glazing unit, will leave at the end of 2008, La Tribune reported, citing a document given to employees. The shares lost 1.735 euros, or 5.5 percent, to 29.695.

Groupe Eurotunnel SA (GET FP): The operator of the Channel Tunnel spent 2.95 million euros buying back 577,445 of its own shares in November under a plan approved by investors on June 27. The stock lost 25 cents, or 5.4 percent, to 4.40 euros.

Faiveley SA (LEY FP): The railroad-equipment maker reported a 27 percent increase in first-half net income to 18.3 million euros. The shares fell 32 cents, or 0.7 percent, to 46 euros.

Idsud (IDSU FP): The securities broker reported an 11 percent drop in third-quarter revenue to 637,000 euros and said full-year earnings will be affected by the decline in financial markets. The shares lost 40 cents, or 1.1 percent, to 37 euros.

Neopost SA (NEO FP): Europe’s biggest maker of mailroom equipment reports third-quarter revenue after the market close in Paris. The shares dropped 2.73 euros, or 4.9 percent, to 53.47 euros.

Overlap Groupe (OVG FP): The seller of Internet and intranet security products said its first-half net loss widened to 2.25 million euros, from 1.52 million euros a year earlier. It also confirmed its target for full-year sales of more than 230 million euros. The shares dropped 1 cent, or 1.1 percent, to 87 cents.

To contact the reporter on this story: Gregory Viscusi in Paris at gviscusi@bloomberg.net.