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Market Update

Europe Earnings: Dassault Systemes, Lok'n Store, Peugeot, Telefonica


Author: Nigel Thomas
ticker.com
Last Update: 10:25 AM ET October 14 2013

4:25 PM Frankfurt Dassault Systemes revenue jumped 4% to 496 million. Lok''n Store said profit-before-tax increased as revenue rose. Michael Page said gross profit rose 0.4% to 127 million. Peugeot plans for stake sales in Dongfeng Motor to raise 3 billion.

In London trading, FTSE 100 index rose 0.2% or 12.92 to 6,500 and in Frankfurt the DAX index slid 0.1% or 9.08 to 8,716.

In Paris, CAC 40 index fell 0.2% or 7.25 to 4,213.

Dassault Systemes SA declined 9.1% to 87.70 after the France-based software consultant reported total revenue in the third quarter jumped 4% to 496 million and recurring software revenue totaled 349 million, an increase of 8% from a year ago. The company added non-IFRS software revenue increased 4% but licenses revenue declined 10%.

Lok''n Store Group Plc jumped 2.9% to 178 pence after the U.K. based storage and related service provider stated revenues for the year ending in July grew 1.6% to 12.97 million from 12.77 million a year earlier. Profit-before-tax increased to 1.43 million pounds compared to 0.93 million pounds a year ago.

The company added revenue from self-storage rose 3.4% to 11.14 million and unit occupancy for the year climbed 10.4%.

Michael Page International plc Dropped 6.5% to 462.60 pence after the U.K. based recruitment firm said gross profit third quarter ending in September rose 0.4% to 127 million compared to 126.5 million a year ago. Headcount in the quarter increased 116 or 2.3% to 5,071.

The company expects operating profit for the year of nearly 68 million.

Nanoco Group Plc rose 0.2% to 157.25 pence after the U.K. based liquid crystal display chip maker said revenues for the year increased to 3.93 million from 2.95 million a year earlier.

Pre-tax loss for the year widen to 5.04 million compared to 4.35 million a year ago.

The company added administrative expenses climbed to 7.95 million from 6.44 million a year earlier. Nanoco said headcount in the year increased to 98 people from 69 in the previous year.

Peugeot SA plunged 9.5% to 11.19 after the France-based automaker confirmed that the company is in talk to sell stake in China based Dongfeng Motor Corp to raise 3 billion.

Telefonica SA, the Spain-based telecom operator plans to reduce its stake in the Czech Republic phone company to raise fund and to reduce the debt.

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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