Friday January 23, 02:01 PM
Glance-STOCKS NEWS EUROPE-Omega Pharma down on weak Q4 sales
STOCKS NEWS Reuters Results diary
Stocks on the move Real (Frankfurt: BJU1.F - news) -time Equity News
13:44GMT 23Jan2009-Omega Pharma (Brussels: OME.BR - news) down on weak Q4 sales
-----------------------------------------------------
Shares in Belgian health products distributor Omega Pharma drop to
a three-month low after it reports fourth-quarter sales below market
expectations.
Shares drop by as much as 12.8 percent to a session low of 23.51 euros,
making them the weakest on Euronext Brussels.
The company, which sells non-prescription products to pharmacists, says that
sales are affected by currency effects and trade de-stocking in Britain, the
Netherlands and southern Europe. It forecast slight sales growth in 2009.
KBC Securities cuts its rating to 'accumulate' from 'buy' and its price
target of 32 euros from 37 euros after revising down its core profit estimate.
For more double click on
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
