October 24, 2018 / 4:36 AM / 21 days ago

French and Benelux stocks-Factors to watch on Oct 24

Oct 24 (Reuters) - Below are company-related news and stories from French and Benelux media which could have an impact on the region’s markets or individual stocks.

ALSTOM:

Siemens and Alstom will receive a warning this week from European Union antitrust regulators that their plan to create a Franco-German rail champion will hurt competition.

DASSAULT SYSTEMES:

Posted higher Q3 profits.

EDENRED:

French corporate payment company Edenred kept its goal for a higher operating profit this year as it reported a sharp rise in third quarter sales, helped by robust growth in Europe and Brazil.

EDF:

The French government will present its 2018-28 energy strategy (PPE) mid-November, possibly Nov 12, instead of end of October, French daily Le Figaro reported on its website. For EDF, which operates France’s 58 nuclear reactors, the PPE is a key factor in its long-term investment planning.

EURAZEO:

Sale of Asmodee.

GECINA:

Total Gross Revenue at September 30 Up At 504.5 Million Euros.

KERING:

Demand for Gucci handbags fell from recent highs but proved more resilient than expected in the third quarter, extending a strong sales run at parent Kering for the time being as markets fret that momentum in the luxury sector is petering out.

KPN:

Posted Q3 results and lower Q3 net profit

SAFRAN:

The company posted stronger than expected third-quarter sales and said it was “well on track” to meeting full-year goals with the help of accelerating production of a new jet engine and stability at recently acquired Zodiac Aerospace.

SCOR:

Reported higher earnings.

STMICRO:

Franco-Italian chipmaker STMicroelectronics reported a jump in third-quarter sales and profits, driven by a strong performance of its automotive and imaging businesses.

VINCI:

Vinci posted a 9.5 percent rise in third-quarter sales, helped by robust activity in its airports and motorway concessions units and at its construction business.

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