Vinci falls on Q3 "surprise miss", French tax concerns
** Shares in Vinci SGEF.PA are down 3.5% after the company reports Q3 revenue below expectations, fears on new French tax proposal
** The French concessions and construction company published a revenue for Q3 at 18.5 billion euros ($20.02 billion), below consensus cited by Stifel (EUR 19.05 bln)
** "The phasing out of several major projects in its Construction and Cobra IS segments was enough to offset 5% organic revenue growth across Vinci's concession businesses," says Morningstar in a note
** "While the stock will be weak on a surprise miss, underlying momentum is intact," says Jefferies
** Vinci also flags a corporate income tax rise being reviewed by the French parliament which could add an additional cost for the company of 400 million euros
** "The market remains concerned about the political risk the business faces, with the French government considering imposing another corporate tax charge," says Morningstar
** The stock is among worst performers on SBF 120 index .SBF120 and bottom of CAC40 index .FCHI
($1 = 0.9241 euros)
Reporting by Clement Martinot
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限,并允许个人查看和/或使用网站或网站所提供的内容,但无意进行任何更改或扩展,也不会更改或扩展其服务和访问权限。所有访问和使用权限,将受下列条款与条例约束:(i) 条款与条例;(ii) 风险提示;以及(iii) 完整免责声明。请注意,网站所提供的所有讯息,仅限一般资讯用途。此外,XM所有在线交易平台的内容并不构成,也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容,包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接,皆保持不变,并作为一般市场评论所提供,而非投资性建议。所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为适用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解,XM非独立投资研究提示和风险提示相关资讯,更多详情请点击 这里。