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Market Update

Allianz, K+S Profit Rise; Deutsche Post, ThyssenKrupp Drop


Author: Nigel Thomas
ticker.com
Last Update: 12:07 PM ET May 12 2015

4:00 PM Frankfurt Allianz net climbed 11% to 1.8 billion on 11% increase in revenues. Carlsberg net loss widened. Deutsche Post profit fell 1% to 495 million. easyJet tumbled despite net swung to profit. K+S Group net soared 32%. ThyssenKrupp profit tumbled 82%.

In London trading, FTSE 100 index dropped 1.1% or 78.83 to 6,951.02 and in Frankfurt the DAX index declined 1.5% or 172.67 to 11,500.68.

In Paris, CAC 40 index slumped 0.9% or 48.40 to 4,979.47.

Allianz SE dropped 2.3% to 145.95 after the Germany-based financial services provider said total revenues in the first-quarter ending in March soared 11.2% to 37.8 billion from 33.96 billion in a year ago period.

Net profit in the quarter climbed 11% from a year ago to 1.82 billion compared to 1.64 billion and diluted earnings per share jumped to 4 from 3.55.

Carlsberg A/S plunged 5.2% to 605 kronor after the Denmark-based beer and soft drinks maker reported net revenues in the first-quarter ending in March jumped 4.4% to 13.47 billion kronor from 12.90 billion kronor in a year ago period.

Net loss in the quarter widened from a year ago to 90 million kronor compared to 67 million kronor and diluted loss per share slipped to 0.6 kronor from 0.4 kronor.

Deutsche Post AG declined 4.6% to 28.39 after the Germany-based logistics services provider stated revenues in the first-quarter ending in March climbed 8.8% to 14.8 billion form 13.57 billion in a year ago period.

Net profit in the quarter dropped 1.4% from a year ago to 495 million compared to 502 million and diluted earnings per share fell to 0.39 from 0.40.

The logistic company forecasted operating profit for the year to increase between 3.05 billion to 3.2 billion and will increase by an average of more than 8% annually during the period from 2013 to 2020.

easyJet Plc tumbled 9.7% to 1,656 pence after the U.K.-based discount airline operator said total revenues in the first-quarter ending in March jumped 3.8% to 1.77 billion from 1.70 billion in a year ago period.

Net in the quarter swung to profit from a year ago to 5 million compared to a loss of 41 million and diluted earnings per share swung to 1.3 pence.

The company said total revenue per seat in the quarter gained 0.2% to 54.91 while costs per seat slipped 1.4% to 38.66.

The airline forecasted revenue per seat in constant currency for the second-half to drop by low single-digit percentage points.

K+S Group plummeted 5.8% to 30.17 after the Germany-based potash maker reported revenues in the first-quarter ending in March soared 15.8% to 1.38 billion form 1.19 billion in a year ago period.

Net income in the quarter soared 31.9% from a year ago to 163.7 million compared to 124.1 million and diluted earnings per share increased to 0.85 from 0.65.

ThyssenKrupp AG jumped 3.1% to 25.63 after the Germany-based steel maker said revenues in the second-quarter ending in March jumped 7% to 11 billion form 10.27 billion in a year ago period.

Net profit in the quarter tumbled 82% from a year ago to 48 million compared to 269 million and diluted earnings per share decreased to 0.09 from 0.40.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc