4:00 PM Frankfurt A.P. Moller missed fourth-quarter core profit expectations. Amundi plunged despite revenues jumped 34%. Bechtle pretax profit jumped 12%. L''Oreal said strong demand in Asia drove sales. Umicore reported better-than-expected full-year results.
In London trading, FTSE 100 index slumped 49.82 or 0.7% to 7,120.56 and in Frankfurt the DAX index decreased 66.46 or 0.6% to 12,191.16.
In Paris, CAC 40 index dropped 39.78 or 0.8% to 5,112.15.
For the week, FTSE 100 index declined 4.3%, the DAX index plunged 4.7% and the CAC 40 index plummeted 4.7%.
A.P. Moller - Maersk A/S
slipped 0.7% to 10,290 Danish krone after Denmark-based shipping and logistics services provider reported revenues in the year ending in December soared 13.2% from a year ago to $30.9 billion.
Net loss in the year narrowed to $1.2 billion from $1.9 billion in a year ago period and diluted earnings per share slumped to 58 from 93 krone.
The container shipping services provider forecasted fiscal 2018 operating profit may be higher than in fiscal 2017 and seaborne container transportation growth is expected to grow between 3% and 4%.
plunged 8.1% to 65.78 after France-based asset manager said revenues in the year ending in December jumped 34.4% from a year ago to 2.3 billion.
Net profit in the year soared 19.9% to 681 million from 568 million in a year ago period and diluted earnings per share advanced to 3.54 from 3.40.
The asset manager set a new growth target and said total net inflows of at least 150 billion in the next three years to 2020 from 120 billion in the previous three years ending in 2017.
rose 0.2% to 68.35 after Germany-based information technology provider said preliminary sales in the year ending in December surged 15% from a year ago to 3.6 billion and pre-tax profit jumped 12% to 163 million.
increased 1.6% to 173.45 after France-based beauty products maker reported revenues in the year ending in December rose 0.8% from a year ago to 26 billion.
Net profit in the year jumped 15.3% to 3.6 billion from 3.1 billion in a year ago period and diluted earnings per share increased to 6.36 from 5.50.
L''Oreal said profit in the year jumped after spectacular growth in Asia and operating profit jumped 3% to 4.7 billion and reported record operating margin of 18%.
soared 7.3% to 43.90 after Belgium-based materials technology provider said revenues in the year ending in December jumped 9% from a year ago to 2.9 billion.
Net profit in the year surged 61.8% to 212 million from 131 million in a year ago period and diluted earnings per share advanced to 0.96 from 0.60.
Umicore said that it had successfully completed equity placement of 892 million and issued 22.4 million new shares at a price of 39.80 per share and plans to use its net proceeds to utilize in its rechargeable battery materials business.