2023-05-17 21:40:15
Why is it going up? Why is it dropping? Some explanations on the unusual variations which affect the actions on the day session on the European places. Only when they are reliable and documented: we avoid telling nonsense as much as possible. Variations are taken at the time of writing the article.
Rising
Vallourec (+8.1%): the manufacturer of seamless tubes publishes net income again in the green, at €156m in Q1, against -€35m a year earlier. Turnover is up by 46%, at €1.34 billion.
Auction Technology Group (+7.4%): the operator of marketplaces for online auctions saw its half-year turnover increase from £57.7 million to £67.3 million. Net profit was multiplied by more than 5.
SAGE Group (+4.2%): the British publisher of management software for SMEs has seen its half-yearly revenues exceed one billion pounds. In this context, the company expects organic revenue growth of 11% over the full year.
SAP (+1.6%): the German champion of integrated software packages has raised its financial targets for 2025 and is planning a share buyback for €5 billion.
Falling
Elior (-19.6%): plummeting for the collective catering company which adjusts its annual forecasts downwards and abandons its medium-term objectives.
Alfen (-11.7%): the company active in the energy transition publishes a gross margin down compared to last year, at 32.1%, against 35.7% in Q1 2022. Above all, it is the active pole in the electric vehicle which has slowed down (-14%).
The British Land Company (-7%): the company specializing in the holding and management of business real estate assets posted a loss of £1.04 billion in its staggered 2023 financial year, against a profit close to one billion last year,
Ubisoft (-5.4%): the video game publisher publishes a “net bookings”, equivalent to turnover, down 52%, while analysts expected -18%. The forecast for the first quarter of its staggered fiscal year is also below consensus expectations.
Euronext (-2.9%): the stock market operator is penalized by falling trading volumes and by the recognition of an exceptional charge in connection with the reinternalisation of its derivatives clearing activities. Net income was thus down, at €96.5 million, compared to €143.8 million in Q1 2022.
Experian (-2.9%): the specialist in providing information services to individuals, businesses and administrations saw its profit decrease in the 2023 financial year – also delayed – to £770m, against £1.17bn in 2022.
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