4:00 PM Frankfurt – DS Smith reported higher box volume driven by online sales demand and strong holiday season. Elis profit plunged 28%. Legal & General profit jumped 46% after slower growth in the U.K. life insurance business. Schaeffler net surged 14%.
In London trading, FTSE 100 index rose 17.39 or 0.2% to 7,164.14 and in Frankfurt the DAX index increased 61.11 or 0.5% to 12,174.25.
In Paris, CAC 40 index edged up 4.09 to 5,174.31.
DS Smith Plc
increased 1.6% to 513.73 pence after the U.K.-based corrugated packaging manufacturer forecasted sales to increase in the second-half compared to the first-half and for the full-year sales are expected be in-line with previous year sales.
DS Smith reported box sales volume was boosted by demand for online sales and strong holiday sales.
slid 0.1% to €21.10 after France-based cleaning and maintenance services provider reported revenues in the year ending in December soared 46.4% from a year ago to €2.2 billion.
Net income in the year plunged 28.2% to €66.8 million from €93 million in a year ago period and diluted earnings per share slumped to €0.41 from €0.81.
Legal & General Group Plc
gained 1.1% to 260.70 pence after the U.K.-based investment, insurance and health services provider reported revenues in the year ending in December tumbled 44.9% from a year ago to £40.5 billion.
Net income in the year soared 46.1% to £1.9 billion from £1.3 billion in a year ago period and diluted earnings per share jumped to 31.73 pence from 21.13 pence.
fell 0.4% to €13 after Germany-based automobile parts maker said revenues in the year ending in December jumped 5.9% from a year ago to €14 billion.
Net income in the year surged 14% to €980 million from €859 million in a year ago period and diluted earnings per share advanced to €1.48 from €1.30.
The automobile parts maker said group increased its capital expenditures by €127 million to €1.3 billion and lowered net financial debt by €266 million to €2.4 billion and free cash flow in 2017 declined to €488 million from €735 million in a year ago.
Schaeffler announced 2017 dividend to increase to €0.55 per share from €0.50 in previous year.