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Air France-KLM crashes on the Amsterdam stock exchange after figures

The Air France-KLM share suffered a lot on the stock exchange in Amsterdam on Thursday. The French-Dutch aviation combination came up with figures that were not well received by investors. Many other companies on Damrak also opened their books, including insurer NN Group, builder BAM and consultancy and engineering firm Arcadis.

The financial markets also continued to focus on the crisis surrounding Ukraine. Pro-Russian separatists in eastern Ukraine have accused the Ukrainian government army of shelling. In addition, the White House has said that Russia has gathered thousands of additional troops on the border with Ukraine and that Moscow falsely claims that troops are being withdrawn.

The Amsterdam AEX index recorded a minus of 0.4 percent at 755.82 points around noon. The MidKap rose 0.5 percent to 1062.56 points. The stock exchanges in Frankfurt and Paris gained 0.4 percent, but London fell 0.6 percent.

Air France-KLM dangled at the bottom of the MidKap with a minus of 6 percent. The aviation group suffered a loss of 3.3 billion euros last year due to the corona crisis, but says that recovery was visible during the year. Arcadis was the strongest riser among the medium-sized funds with a plus of 8.7 percent, thanks to well-received figures.

In the AEX, payment service provider Adyen was the biggest loser with a minus of 2.8 percent. NN fell 0.3 percent. The leading group was formed by the chip companies ASML and ASMI with profits of up to 2 percent.

At the smaller companies, BAM lost almost 7 percent in value. Automater Ordina (plus 2.7 percent) and the provider of chat and payment services CM.com (minus 8.6 percent) also reported results.

In Paris, Airbus lost an earlier profit and fell 0.6 percent. The aircraft manufacturer made a record profit last year and wants to start paying dividends again. The results of Gucci mother Kering were well received as the share gained 7 percent.

Commerzbank did well in Frankfurt with a plus of 6 percent. Germany’s second bank said it wants to start paying dividends again in 2022. Swiss food group Nestlé warned of the impact of cost inflation on profitability and was cut slightly in Zurich.

The euro was worth $1.1372, against $1.1377 a day earlier. The price of a barrel of American oil fell 2.2 percent to $91.65. Brent oil cost 2 percent less at $92.81 a barrel.



Air France-KLM crashes on the Amsterdam stock exchange after figures
Source link Air France-KLM crashes on the Amsterdam stock exchange after figures

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