7:00 PM Frankfurt, Paris; 1:00 PM New York – Bilfinger Berger third quarter net profit falls. Geox nine-month profit slumps 33% on falling sales. Claude Brunet resigns his mandate as an AXA management board member. JCDecaux secures advertising contracts for two Japanese cities.

European markets traded sideways as investors digest earnings from AB Volvo, Air Berlin and Bilfinger Berger AG.

In London FTSE 100 Index closed lower 3.80 or 0.07% to 5,342.13, in Paris CAC 40 Index decreased 0.90 or 0.02% to close at 3,828.16, in Frankfurt DAX index higher 9.18 or 0.16% to close at 5,787.61. In Zurich trading SMI decreased 7.43 or 0.12% to close at 6,368.97.

Gainers & Losers

AB Volvo the truck manufacturer said third quarter sales fell 30.5% to SEK48.5 billion from SEK69.8 billion a year ago. Net loss in the quarter was SEK2.9 billion or SEK1.44 per diluted share compared to net profit of SEK2.0 billion or SEK0.98 per share a year ago.

Air Berlin Plc added 4.2% to €3.65 an airline said third quarter revenues fell 8.2% to €974.0 million from €1.06 billion a year ago. Net profit in the quarter rose 111% to €95.2 million compared to net profit of €45.1 million a year ago.

Air France-KLM the airline decreased 0.09% to €11.42.

Allianz SE decreased 0.4% to €84.41 after the insurer was downgraded to “equal-weight” from “overweight” at Morgan Stanley.

AXA SA rose 1.5% to €25.69 an international financial services group said that Claude Brunet has resigned his mandate as a member of company’s management board.

Bilfinger Berger AG advanced 1.7% to €51.68 after the construction and services group said third quarter revenues fell 11% to €2.4 billion from €2.7 billion a year ago. Net profit in the quarter fell 87% to €7 million or €0.21 per diluted share compared to net profit of €54 million or €1.53 per share a year ago.

Commerzbank AG rose 0.5% to €7.07 Reitmeyer, the newspaper said stressed that the acquisition of Dresdner bank has given his firm the requisite scale to challenge Deutsche Bank.

CompuGROUP Holding AG fell 3.1% to €8.38 after the medical-software provider said third quarter operating profit increased 23% to €16.1 million.

Deutsche Telekom AG rose 0.2% to €9.77 after the telecommunication company said the private details of millions of mobile phone customers, including their numbers and addresses, have been sold illegally. Staff at T-Mobile passed the information to brokers who then sold it to rival phone companies

DL Software gained 6.9% to €9.10 after the software company said that it has raised its full year 2009 operating profit guidance and now expects to report full year 2009 operating profit of €5.8 million with an operating margin of 14%.

Encres Dubuit SA the manufacturer of inks for silk screen printing climbed 0.4% to €4.80.

Geox SpA decreased 1.4% to €4.73 after the footwear and apparel maker said nine months revenues fell 2.3% to €780.6 million from €798.9 million a year ago. Net profit in the nine months fell 33.4% to €89.7 million or €0.35 per diluted share compared to net profit of €134.6 million or €0.52 per share a year ago.

JCDecaux SA rose 0.2% to €16.14 after the outdoor advertising company said it had secured contracts in two different Japanese cities. Financial details weren''t disclosed.

Maire Tecnimont SpA fell 2.4% to €2.30 an international industrial group said nine months revenues fell 2.3% to €1.67 billion from €1.71 billion a year ago. Net profit in the nine months fell 37.3% to €49.9 million or €0.16 per diluted share compared to net profit of €79.5 million or €0.25 per share a year ago.

Munich Re closed unchanged at €106.71 after the reinsurer was downgraded to “neutral” from “overweight” at JPMorgan Chase & Co.

PPR SA rose 1.3% to €83.25 after the retailer and luxury goods distribution said five-year CDS spreads tightened over ten basis points to 173/183 basis points after the company said it will raise between €768.8 million and €899 million with the initial public offering of its African distribution unit CFAO.

Puma AG Rudolf Dassler Sport fell 2.1% to €225.07 after the shoes and sportswear maker said third quarter sales fell 5.5% to €673.4 million from €712.7 million a year ago. Net profit in the quarter fell 23.7% to €67.9 million or €4.50 per diluted share compared to net profit of €89.0 million or €5.81 per share a year ago.