Oberthur Technologies Sales Rise 15%
Sep 23, 9:47 PM ET |
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| Oberthur Technologies SA provider of printing services, card-based solutions and cash protection systems first-half sales rose 14.7% to €401.5 million and net profit rose 30% to €14.7 million. The stock was suspended from trading after the controlling family offered to by minority holders. |
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Diageo, Henderson Rise, Air Berlin Earnings Up
Aug 29, 11:14 AM ET |
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| Diageo, the world’s largest liquor maker net annual sales rose 8%. Air Berlin second quarter net sales increased 6.7% |
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| [[Diageo Plc.]], the largest liquor maker reported net sales in the year ended June 30 rose 8% to ₤8.09 billion from ₤7.4 billion a year ago. Operating profit in the period increased 9% to ₤2.3 billion and profit attributable to shareholders increased 2% ₤1.5 billion. Henderson, investment manager reported first half net income slid to ₤41.2 million or $76 million or 1.85 pence from ₤89.5 million or 1.66 pence in the same period a year earlier. |
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Peugeot Sees West Europe Market Shrink
Jul 07, 12:45 PM EDT |
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| Sales rose 4.6% to 1.845 million in the six months to June 30 from 1.764 million a year earlier on strong demand in Eastern Europe and Latin America. |
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| Europe''s second biggest carmaker after Volkswagen backed its global sales growth target of 5% for 2008 as demand for new models increased in Russia, Brazil and Argentina. Peugeot Citroen produced 1,080,000 Peugeot type vehicles and 765,000 Citroen vehicles in the first half of the year. Sales dropped 3.5% in Western Europe to 1.230 million units split between 659,000 Peugeot and 572,000 Citroen. |
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Gazprom's Net Profit Jumps 7.3%
Jun 30, 11:36 AM EDT |
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| Net profit rose 7.3% to 658 billion rubles in 2007 from 613.3 billion rubles in 2006 with sales up 11% on higher domestic and export selling prices. |
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| The world''''s largest producer of natural gas OAO Gazprom said 2007 operating expenses increased 24% to 1.689 trillion rubles hit by the growing prices for gas purchased in Central Asian countries for reselling. The company’s shares have rebounded after losing 15% of their value this year as investors started to sell emerging-market stocks affected by the economic worries in the U.S. |
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Club Med Swings to Loss
Jun 14, 11:17 PM EDT |
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| Revenue per available bed, which is a key indicator of Cub Med’s operations, rose 8% to €105 from €97 the year before. |
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| The largest European resort operator Club Med swings to a loss in the first half of the year as it spends to reposition the resort for the luxury market. The resort operator books most of the profit from the real estate sales is likely to sell luxury units in Asia at a profit. first half revenue climbed 12.6% to €944 million from €839 million a year earlier but profit fell on higher capital expenditure and seasonal rental payments. For the six months, Club Med posted a net loss of €9 million. |
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Adidas Earnings Climb 32%
May 20, 3:36 PM EDT |
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| Adidas AG reported that first quarter revenue climbed 3% to € 2.621 billion from € 2.538 billion in 2007 on 10% sales growth. |
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| German sportswear company Adidas AG said it was still repositioning the Reebok brand, where sales in the quarter declined. The company''s net profit in the latest quarter rose to 169 million euro (US$261.27 million) compared with 128 million euro a year ago. Adidas cited the group''s strong operating margin improvement and lower net financial expenses. Tax rate dropped by 0.4 percentage points to 32% in the first quarter compared to 32.4% a year ago. |
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Credit Agricole First Quarter Net Profit Falls
May 26, 1:52 PM EDT |
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| The bank said the sub-prime related write-downs at its investment bank stood at 1.205 billion euros. |
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| Credit Agricole SA reported that first-quarter net profit fell to 892 million euro due to the effects of the global financial market turmoil on its corporate and investment banking, Calyon. The French-bank said sub-prime related losses at its investment bank totalled 1.205 billion euros. The bank plans to launch a 5.9 billion euro rights issue and to reduce CIB subsidiary by 10 %. CIB operations had a net loss of 795 million euro vs. profit of 539 million euros a year earlier. |
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Air France KLM Plunges on Loss
May 22, 6:31 PM EDT |
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| Air France KLM, the largest European carrier reported its first quarterly loss since 2003 on rising crude oil prices and one-time charges. |
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| Air France KLM, the largest air carrier in Europe reported its first quarterly loss since 2003. The airline group in the quarter reported a loss of 542 million euros compared to net income of 44 million. Loss per share in the quarter was 1.84 euros compared to 15 euro cents a year ago. For the fiscal year 2008, the airline reported profit decline of 16% to 748 million euros. |
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Barclays Loss on £1.7 B Charge
May 15, 10:59 AM EDT |
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| Barclays, global bank based in the UK took a whopping charge as its portfolio of loans exposed to U.S. loans deteriorate. |
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| Barclays, the British bank with a significant presence in the U.S. reported first quarter loss of £1.1 billion in the quarter on the charge of £1.7 billion related to credit market losses and still has exposure to £14 billion pounds to subprime and other asset backed loans at the end of the first quarter. The leverage finance loan exposure is £7.4 billion. The capital and equity ratios at the bank were lower than a quarter ago but the bank is sending no signal that it needs to raise capital. |
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Arcelor, Thyssen , Steel Price Hikes
May 14, 6:37 PM EDT |
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| ArcelorMittal and ThyssenKrupp forecasted higher steel prices in the current fiscal year as they pass on raw materials price hikes. |
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| Steel companies for now continue to raise prices and forecast more increase in the rest of the year. ArcelorMittal is asking for 720 euros per ton for flat carbon steel and ThyssenKrupp hinted another price hike if raw material prices keep rising. Iron ore, coal and cost of electricity continues to rise across the globe as Canadian, Brazilian and Australian miners demand between 60% and 200% price hikes. |
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