4:00 PM Frankfurt – Deutsche Telekom net declined 13%. Henkel lifted sales forecasted. RWE net tumbled 74% and net debt increased. ThyssenKrupp net plummeted 35% on 12% decline in revenues. TUI net surged but revenues dropped 6%.
European markets gained on the back of barrage of corporate earnings in Germany, France and the U.K.
In London trading, FTSE 100 index slid 8.40 to 6,857.81 and in Frankfurt the DAX index advanced 46.66 or 0.4% to 10,697.29.
In Paris, CAC 40 index gained 36.66 or 0.8% to 4,488.67.
Deutsche Telekom AG
fell 0.5% to €15.57 after the Germany-based telecom services provider reported net revenues in the first-half ending in June advanced 2.2% from a year ago to €17.8 billion.
Net profit in the period declined 12.8% from a year ago to €621 million compared to the €712 million and diluted earnings per share decreased to €0.13 from €0.16.
Henkel AG & Co KGaA
jumped 4.5% to €118.10 after the Germany-based consumer and industrial products maker said sales in the first-half ending in June fell 0.2% from a year ago to €9.11 billion.
Net profit in the period soared 9.6% from a year ago to €1.11 billion compared to the €1.01 billion and diluted earnings per share gained to €2.50 from €2.28.
Henkel forecasted sales in the year to increase between 2% and 4% and earnings per share jump in the range of 8% to 11% and operating profit to surge approximately 16.5%.
advanced 2.7% to €15.44 after the Germany-based electricity and natural gas supplier stated sales in the first-half ending in June declined 3.6% from a year ago to €23.9 billion.
Net profit in the period tumbled 73.8% from a year ago to €457 million compared to the €1.74 billion and diluted earnings per share dropped to €0.74 from €2.83.
The power utility services provider said electricity sales in the first-half increased 4% that were offset by a 7% decline in gas sales volumes from a year earlier.
As of June 30, the net debt significantly increased to €28.3 billion from €25.5 billion in the second-half ending in December 2015.
RWE forecasted operating profit in the year between €2.8 billion and €3.1 billion and profit in the range of €500 million to €700 million.
gained 1.3% to €21.39 after the Germany-based diversified industrial products producer reported sales in the third-quarter ending in June plunged 12% from a year ago to €9.9 billion.
Net profit in the period plummeted 35% from a year ago to €124 million compared to €191 million and diluted earnings per share slumped to €0.23 from €0.35.
In the current year, ThyssenKrupp estimated operating profit of about €1.4 billion and net income to match prior year earnings of €268 million.
jumped 2.3% to €12.08 after the Germany-based tourism service provider said revenues in the third-quarter ending in June dropped 5.7% from a year ago to €4.6 billion.
Net profit in the period surged from a year ago to €86.9 million compared to the €29.2 million and diluted earnings per share jumped to €0.15 from €0.05.