Home » Economy » Financial News Highlights: Improved Results, Digital Transition, and Market Challenges

Financial News Highlights: Improved Results, Digital Transition, and Market Challenges

by Alexandra Hartman Editor-in-Chief

2023-11-07 07:01:00

* ENGIE ENGIE.PA published improved results on Tuesday for the first nine months of 2023, although marked by a slowdown compared to the end of June, and announced an upward revision of its annual objectives.

* CAPGEMINI CAPP.PA published on Tuesday an increasing turnover for the first nine months of the year, with demand driven by the digital transition and a jump in projects linked to generative artificial intelligence.

* TELEPERFORMANCE TEPRF.PA said on Monday that it was now targeting annual growth in its turnover at the bottom of the range previously announced, citing a “demanding environment” and the reduction in budgets of many American companies.

* CGG GEPH.PA reported third-quarter revenue of $293 million on Monday, up 15%.

* DANONE DANO.PA announced on Monday that it had carried out a bond issue of 800 million euros with a coupon of 3.706%.

* UBS UBSG.S reported on Tuesday a loss of 785 million dollars (732.86 million euros) for the third quarter, due to charges of 2.1 billion dollars linked to the takeover of Credit Suisse.

* DAIMLER TRUCK DTGGe.DE announced on Tuesday that it had generated a return on sales of 9.8% for its industrial activity in the third quarter, compared to 9.4% last year, despite bottlenecks among its suppliers who have slowed down sales.

* O2 TELEFONICA DEUTSCHLAND O2Dn.DE confirmed on Tuesday its turnover forecast for the 2023 financial year following sales up 2.2% in the third quarter.

* FRAPORT FRAG.DE – The operator of Frankfurt airport reported on Tuesday a 14% increase in its operating profit in the third quarter, a figure higher than market expectations, thanks in particular to the recovery in traffic passengers during the summer season in Europe.

* EVONIK INDUSTRIES EVKn.DE – The German chemical group published a better-than-expected operating profit in the third quarter on Tuesday thanks to strict cost discipline, despite persistent weakness in demand.

(Written by Corentin Chappron and Claude Chendjou, edited by Jean-Stéphane Brosse)

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