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Market Update

Europe Movers: Bayer, UBS, Metro and EDF


Author: Arthi Gupta
ticker.com
Last Update: 9:14 AM ET July 31 2012

1:30 PM Frankfurt – Bayer, Deutsche, and UBS second quarter profit slumped. BP and Metro swung to quarterly loss. EDF first-half earnings rose.

Aer Lingus Group PLC rose 1.4% to €1.10 after the low-cost airline reported second quarter total revenue grew 6.7% to €374.8 million from the prior-year quarter. Pre-tax profit declined to €11.4 million from €42.7 million in the prior-year quarter.

Anheuser-Busch InBev NV slumped 3.8% to €63.75 after the brewer said second quarter revenue dipped to $9.87 billion compared with $9.95 billion in the previous year. Profit in the quarter climbed to $1.96 billion from $1.45 billion a year ago, with earnings per share rising to $1.23 from 90 cents last year.

Bayer AG soared 3.2% to €63.12 after the holding company reported second quarter sales grew 10% to €10.18 billion. Group net income for the quarter declined 34% to €494 million or 60 cents per share from €747 million or 90 cents per share in the year-ago quarter.

BP plc fell 3.9% to 427 pence after the oil and gas explorer said second quarter net swung to a loss of $1.385 billion compared to $5.72 billion profit last year.

Deutsche Bank AG gained 0.1% to $30.31 after the investment bank reported second quarter net revenues fell 6% to €8.0 billion compared to €8.5 billion in the quarter year ago. Net income for the quarter slumped to €661 million or 68 cents per share compared to €1.2 billion or €1.24 per share in the second quarter 2011.

EDF SA increased 1.2% to €16.80 after the French electricity producer reported first-half revenues grew to €36.22 billion from €33.46 billion in the prior-year period. Net income rose 4.6% to €2.77 billion or €1.50 per share from €2.65 billion or €1.43 per share a year ago.

Hugo Boss AG plunged 4.9% to €82.59 after the clothes manufacturer said second quarter net sales rose 20% to €485.4 million from €405.4 million in the prior year. Net income climbed to €40.2 million or 58 cents per share compared to €31.1 million or 45 cents per share a year ago.

Infineon Technologies AG surged 7.1% to €5.92 after the semiconductors maker stated third quarter revenue declined to €990 million from €1.04 billion in the prior-year quarter. Net income for the quarter fell to €82 million or 8 cents per share from €190 million or 17 cents per share a year ago.

METRO AG edged higher 1.2% to €22.02 after the international retailer said second quarter sales climbed 1.8% to €15.85 billion from €15.57 billion in the year-ago quarter. Net loss in the quarter was €20 million or 6 cents per share compared to the profit of €40 million or 12 cents per share last year.

UBS AG plummeted 4.9% to Sfr10.39 after the Swiss financial services provider said second quarter net profit plunged to Sfr425 million from Sfr1.015 billion in the prior year. Net interest income dropped 3% to Sfr1.393 billion.

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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