4:00 PM Frankfurt – adidas profit climbed 8%. Lufthansa net swung to profit to €425 million. Metro profit tumbled 95%. Ryanair traffic in April climbed 16% to 9 million customers. Telefonica Deutschland net loss widened. UBS profit doubled.
Market indexes across the euro zone advanced and wholesale price index gained.
Industrial producer price index rose 0.2% in March in the euro area and in the wider region of EU28 nations.
In February, prices increased 0.6% in the euro area and in EU28, the Statistical Office of the European Communities said.
In London trading, FTSE 100 index gained 0.5% or 41.18 to 7,027.13 and in Frankfurt the DAX index slipped 0.8% or 96.08 to 11,523.77.
In Paris, CAC 40 index increased 0.6% or 28.86 to 5,053.11.
gained 0.9% to €76.22 after the athletic and sports lifestyle products maker reported revenues in the first-quarter ending in March soared 17.3% to €4.08 billion from €3.48 billion in a year ago period.
Net profit in the quarter climbed 8.3% from a year ago to €221 million compared to €204 million and diluted earnings per share increased to €1.08 billion from €0.96.
Revenues from footwear segment soared 27% to €2.09 billion and revenues from apparel business climbed 11% to €1.60 billion.
Adidas said revenues from Taylor Made golf segment declined 9% due to fall in metal-woods and irons categories.
Reebok currency-neutral sales jumped 9% in the training and studio categories and mid-single-digit growth in Classics business.
The company forecasted net profit for the second-half to climb between 7% and 10% from €642 million in fiscal 2014 and gross margin is estimated between 47.5% and 48.5%.
Deutsche Lufthansa AG
dropped 2% to €12.41 after the Germany-based airline company said revenues in the first-quarter ending in March climbed 7.9% to €6.97 billion form €6.46 billion in a year ago period.
Net in the quarter swung to profit from a year ago to €425 million compared to a loss of €252 million earnings per share swung to €0.92 from a loss per share of €55.
Lufthansa said traffic revenues in the quarter jumped 5% to €5.42 billion but the number of passengers edged down 0.8% to 21.56 million as overall load factor in the period slipped 0.5 points to 72.4% and the strikes led to a burden of about €42 million.
The company forecasted revenues for the fiscal 2015 to be slightly less than the reported €30.01 billion in fiscal 2014 and operating profit of above €1.5 billion.
fell 0.7% to €32.53 after the Germany-based department store operator reported sales in the first-half ending in March dropped 1.1% to €32.68 billion form €33.05 billion in a year ago period.
Profit in the quarter tumbled 94.5% from a year ago to €10 million compared to €182 million and earnings per share declined to €0.03 from €0.56.
Metro forecasted operating profit for the year more than €1.73 billion reported in a year ago period.
Ryanair Holdings Plc
gained 1.8% to €11.14 after the Ireland-based low-cost airline company said that traffic in April climbed 16% to 9 million customers from 7.8 million customers and load factor jumped to 91% from 84% in the same month a year ago.
Telefonica Deutschland Holding AG
slid 0.1% to €5.60 after the Germany-based communication services provider stated revenues in the first-quarter ending in March surged 69.6% to €1.90 billion form €1.12 billion in a year ago period.