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    AMS   AT0000A18XM4

AMS AG

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European shares score best year since 2013 on tech and mining surge

12/29/2017 | 12:11pm EDT
The German share price index, DAX board, is seen at the stock exchange in Frankfurt

LONDON/MILAN (Reuters) - European stocks inched lower on Friday, the final trading day of 2017, scoring their strongest year of gains since 2013 thanks to a surge among tech stocks and a robust resources sector.

The pan-European STOXX 600 <.STOXX> index fell 0.1 percent in thin volumes on the day, while euro zone blue chips <.STOXX50E> dipped 0.5 percent.

Britain's FTSE 100 <.FTSE> ended at a new record high, up 0.9 percent in a half-day of trading for the index, while Italian equities <.FTMIB> declined 1.2 percent at a 16-week low after the president dissolved parliament on Thursday and an election day was scheduled for March 4.

"Recent developments in Italian politics have further increased the probability that the election outcome will be a very fragmented parliament and made the formation of a governing coalition after the election more difficult," said UniCredit economist Loredana Federico.

Overall 2017 has been a positive year for European stocks, fuelled by strong company earnings, a supportive economic backdrop and an absence of major political upsets.

The STOXX ended 2017 with a gain of 7.7 percent, its strongest year since 2013. Germany <.GDAXI> and Italy's <.FTMIB> benchmarks were the standout performers, rising 12.5 percent and 13.6 percent respectively this year.

Periphery markets have also had a strong year, with Greece's benchmark <.ATG> up 24.7 percent and Portugal's PSI <.PSI20> up 15.2 percent.

Britain's FTSE 100 <.FTSE> has lagged slightly, rising 7.6 percent in 2017, as has Spain's IBEX <.IBEX>, which is up 7.4 percent as the crisis in Catalonia curbed enthusiasm for Spanish equities in the latter part of the year.

Brexit uncertainty has dented sentiment towards UK equities, while a recovering pound has also put pressure on the blue chips' large proportion of overseas earners.

"Brexit is going to be very much the same story as last year ... that’s just going to weigh constantly on the markets,” Jasper Reimers, senior analyst at Vertex Capital, said.

Looking ahead to 2018, investors remain upbeat about the region's stock market although there are concerns that a further rise in the euro could erode earnings and political risks could slow the economy.

Among sectors, this year has been dominated by a near-20 percent rise among Europe's tech stocks <.SX8P>, closely followed by basic resources <.SXPP>. Chipmaker AMS has been the top-gaining firm on the STOXX, surging 208 percent in 2017.

Telecoms <.SXKP>, retail <.SXRP> and media <.SXMP> have brought up the rear, with year-to-date losses ranging between 2.4 to 3.7 percent.

Furniture retailer Steinhoff <SNHG.DE> is the worst-performing individual stock this year, down 93.5 percent in 2017 after its CEO resigned amid an accounting probe.

For the graphic 'Major European Indexes YTD Price Performance', click - http://reut.rs/2CjJ6HR

For the graphic 'A look at the market performance in the year of 2017', click - http://tmsnrt.rs/2C8b2iu

(Reporting by Kit Rees and Danilo Masoni; Editing by Toby Chopra)

By Kit Rees and Danilo Masoni


© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
AMS AG -2.35% 17.445 Delayed Quote.-9.89%
BEST INC. 0.91% 2.21 Delayed Quote.8.33%
FTSE 100 0.20% 7204.55 Delayed Quote.11.52%
IBEX 35 -0.42% 8906.4 Delayed Quote.10.31%
MSCI UNITED KINGDOM (STRD) -0.15% 1162.113 Real-time Quote.12.88%
PSI 20 INDEX 0.76% 5774.14 Real-time Quote.17.88%
S&P UNITED KINGDOM (PDS) 0.19% 1435.74 Delayed Quote.12.11%
STOXX EUROPE 600 0.46% 471.88 Delayed Quote.18.26%
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Analyst Recommendations on AMS AG
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Financials
Sales 2021 5 172 M 6 014 M 6 014 M
Net income 2021 -178 M -207 M -207 M
Net Debt 2021 1 867 M 2 171 M 2 171 M
P/E ratio 2021 -23,7x
Yield 2021 -
Capitalization 4 258 M 4 960 M 4 951 M
EV / Sales 2021 1,18x
EV / Sales 2022 1,13x
Nbr of Employees 26 240
Free-Float 95,0%
Chart AMS AG
Duration : Period :
ams AG Technical Analysis Chart | AMS | AT0000A18XM4 | MarketScreener
Technical analysis trends AMS AG
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 16,34 €
Average target price 20,44 €
Spread / Average Target 25,1%
EPS Revisions
Managers and Directors
Alexander Friedrich Everke Chief Executive Officer
Ingo Bank Chief Financial Officer
Hans Jörg Kaltenbrunner Chairman-Supervisory Board
Thomas Stockmeier Chief Technology Officer
Michael Grimm Vice Chairman-Supervisory Board
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