Børsens News Service in English
DSV Optimism Not Enough to Halt C20 Slump
30-07-2010
18:07
Positive Q2 results and an upward revision in expectations combined to make DSV the best performer on the C20 index today. However, the freight company’s positive financials were not enough to prevent the Danish index falling into negative territory. At close of trading, poor performances by Vestas, A.P. Moller-Maersk and others led to the index closing down one percent on the day.
DSV shares gained 3.3 per cent. After the company’s said it was increasing its 2010 revenue growth forecast to between 14 and 19 percent from three to seven percent, with expected revenues of between DKK 41 billion and 43 billion
'DSV's results were significantly above expectations and the company also raised its guidance for the full year”, ING Equity Analyst Axel Funhoff wrote in a client note. "We believe that DSV's results will lead to a broad, positive revision of earnings estimates."
However, most Danish shares were influenced by the generally sour mood that characterized European markets today. In the afternoon, poorer-than-expected figures from the U.S. added to the gloom.
One of the worst affected companies was wind power multinational Vestas, which saw its share value fall by 3.1 per cent, partly due to downgraded expectations issued from one of its main competitors Gamesa,
The C20 index closed at 410.83
DSV shares gained 3.3 per cent. After the company’s said it was increasing its 2010 revenue growth forecast to between 14 and 19 percent from three to seven percent, with expected revenues of between DKK 41 billion and 43 billion
'DSV's results were significantly above expectations and the company also raised its guidance for the full year”, ING Equity Analyst Axel Funhoff wrote in a client note. "We believe that DSV's results will lead to a broad, positive revision of earnings estimates."
However, most Danish shares were influenced by the generally sour mood that characterized European markets today. In the afternoon, poorer-than-expected figures from the U.S. added to the gloom.
One of the worst affected companies was wind power multinational Vestas, which saw its share value fall by 3.1 per cent, partly due to downgraded expectations issued from one of its main competitors Gamesa,
The C20 index closed at 410.83
*****||*****DSV Optimism Not Enough to Halt C20 Slump*****||*****Positive Q2 results and an upward revision in expectations combined to make DSV the best performer on the C20 index today. However, the freight company’s positive financials were not enough to prevent the Danish index falling into negative territory. At close of trading, poor performances by Vestas, A.P. Moller-Maersk and others led to the index closing down one percent on the day.
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