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Market Update

EasyJet, Ryanair November Traffic Climb; DS Smith, TUI Travel Net Soar


Author: Nigel Thomas
ticker.com
Last Update: 11:00 AM ET December 04 2014

4:00 PM Frankfurt DS Smith profit soared 36% to 95 million. EasyJet said passengers and load factor in November increased. Ryanair said passengers in November climbed 22% and lifted profit outlook. Mulberry net swung to a loss on 17% decrease in revenues. TUI Travel netsurged 246% to 187 million.

In London trading, FTSE 100 index fell 0.3% or 19.22 to 6,697.41 and in Frankfurt the DAX index slipped 0.5% or 55.02 to 9,916.77.

In Paris, CAC 40 index dropped 1.2% or 52.80 to 4,339.06.

DS Smith Plc climbed 5.9% to 305.40 pence after the U.K.-based packaging company reported revenues in the first-half ending in October dropped 5.3% to 1.97 billion from 2.08 billion a year ago period.

Net profit in the year soared 35.7% from a year ago to 95 million compared to 70 million and diluted earnings per share slipped to 7 pence from 10.1 pence.

EasyJet Plc gained 1.3% to 1,690.60 after the U.K.-based airline company said total number of passengers in November jumped 3.1% to 4,386,296 and load factor increased to 89.5% from 89% a year ago month.

Mulberry Group Plc halted at 780 pence after the U.K.-based luxury accessory maker reported revenues in the first-half ending in Septemberdeclined 17% to 64.7 million from 78.1 million a year ago period.

Net in the period swung to a loss from a year ago to 410,000 compared to profit of 5.08 million and diluted loss per share swung to 7 pence from earnings per share of 8.6 pence.

The luxury goods maker said retail revenue in the period plunged 9% to 45.1 million and wholesale revenue tumbled 31% to 19.6 million.

Ryanair Holdings Plc climbed 8.4% to 9.46 after the Ireland-based low-cost airline company said passengers in November climbed 22% to 6.35 million customers and load factor rose to 88% from 81% a year ago month.

The company revised its full-year traffic guidance of 90 million passengers from earlier estimate of 89 million passengers.

Ryanair also lifted after-tax profit forecast for the year to between 810 million and 830 million from the previous guidance between 750 million and 770 million.

TUI Travel Plc jumped 3.1% to 441.80 pence after the U.K.-based travel company reported revenues in the year ending in September slipped 3% to 14.62 billion from 15.05 billion a year ago period.

Net profit in the year surged 246.3% from a year ago to 187 million compared to 54 million and diluted earnings per share jumped to 16.3 pence from 4.6 pence.

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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