[ID:nLT897417] SMITH & NEPHEW (SN.L) Europe’s biggest medical device maker, reported weaker first quarter revenuegrowth on Thursday as cash strapped patients and hospitals cut back. The companysaid first quarter adjusted earnings per share was $0.131 against $0.128 in thesame period last year, in the middle of a range of ten analysts’ forecasts of$0.12 to $0.14 provided by the company. [ID:nLU721126] CAPGEMINI (CAPP.PA) Capgemini, Europe’s largest computer consultancy, kept its sales and margingoals for the first half as it posted a 0.3 percent drop in like-for-likefirst-quarter sales that beat expectations. [ID:nLU397388] FIAT (FIA.MI) Efforts to reach a deal between potential partner Chrysler and the U.S pany’s lenders hit a major roadblock as talks between the U.S. TreasuryDepartment and some fractious lenders collapsed meaning bankruptcy for Chryslerwas “all but certain”. [ID:nLT878745] STMICROELECTRONICS (STM.PA) (STM.N) STMicroelectronics posted a sharp drop in sales and a deeper loss in thefirst quarter, as weak consumer demand and efforts to reduce inventory took atoll on the Franco-Italian chipmaker.
[ID:nN29410180] FRESENIUS MEDICAL CARE (FMEG.DE) Fresenius Medical Care’s (FMEG.DE) first-quarter net income rose 7 percentas patient numbers increased, FMC said on Thursday. Net income at the world’slargest dialysis provider, which generates about two-thirds of its sales inNorth America, came in at $198 million, compared with an average estimate of$189 million in a Reuters survey of 16 analysts. [ID:nLT579846] DASSAULT SYSTEMES (DAST.PA) French software firm Dassault Systemes cut its 2009 revenue and earningsgoals because of the global economic downturn as it posted a 6 percent declinein first-quarter revenue.[ID:nLU379966] (Reporting by Joanne Frearson) Stocks | Global Markets Stocks Global Markets. * Full-year net profit falls 8 pct to 157 mln eur * To pay 0.55 eur dividend, in line with last year * Reiterates previous 2009 outlook unattainable * Says first quarter “satisfactory”(Adds detail, background) VIENNA, April 30 (Reuters) – Austrian builder Strabag(STRV.VI) reiterated on Thursday that it cannot meet targets forthis year after reporting an 8 percent fall in 2008 net profit,but said the first-quarter order backlog was “satisfactory”. Strabag unexpectedly published 2008 preliminary resultsearlier this month because they were worse than analysts hadpredicted, with operating earnings hit by goodwill impairments,writedowns and foreign exchange rates in the fourth quarter. “The previous objective of raising the margins will stillnot be reached in 2009, despite the planned and agreed upon costreduction and restructuring measures,” Strabag said in astatement.
It will however pay a 0.55 euro ($0.73) dividend per sharefor 2008, in line with last year’s payout. Net profit fell to157 million euros last year compared to 170.2 million euros in2007. Strabag said in a presentation on its website that it had noclient defaults so far in the first quarter and that its orderbacklog was “satisfactory”. It also said in the long-term that aconstruction “crisis” between 2013-2015 was possible.
German peer Hochtief (HOTG.DE) is predicting flat 2009earnings, while French builders Vinci (SGEF.PA) and Bouygues(BOUY.PA) have sounded a positive note for this year, thanks tofull order books, but are silent on 2010. Strabag shares have recovered from a 40 percent fall sincethe start of the year in volatile trade, in line with a similarrecovery in the DJ Stoxx Construction and Materials index.SXOP. The company went on an acquisition spree in 2008, snappingup German raw material supplier Kirchner, Deutsche Telekom’sreal estate unit, German road builder Kirchhoff and a majoritystake in Swedish construction group ODEN. ($1=.7547 Euro) (Reporting by Sylvia Westall; Editing by Jon Loades-Carter).