Earnings: LVMH, Accor, Tesco
Apr 15, 6:05 PM EDT |
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| LVMH reported a rise in sales as luxury goods retailer benefited from 12% rise in world sales. Accor revenue in the U.S. fell. |
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| LVMH, luxury goods retailer reported 5% rise in sales in the first quarter. Except at wine and spirit division, sales rose across the board in leather goods, cosmetics, perfumes and jewelry. However, first quarter revenue at largest European hotel operator fell 5% on sale of the U.S. chain Red Roof Inn and exchange rate losses. The third largest European retailer Tesco reported 12% rise in earnings on 11% rise in sales. The company said its losses in U.S. retail chain is within budget. |
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UBS Surges 10% on $15 B Offering
Apr 01, 8:20 AM EDT |
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| UBS pre-announced a loss of $12 billion and proposed to raise $15 billion through rights offering. |
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| The second largest Swiss bank, UBS reported a sharply higher loss in the first quarter and proposed to raise $15 billion in rights offering. The pre-announced loss was larger than what market had expected. The losses and write-down in real estate loans amounted to $19 billion. Separately UBS announced that its long time chairman Marcel Ospel has resigned and is replaced by its general counsel. UBS also confirmed that it is losing clients and assets in its wealth management unit. |
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Royal Ahold Sales Rise 1.2%
Mar 10, 2:44 AM EDT |
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| Durch retailers with the U.S. operations, Royal Ahold reported a slight increase in sales and a surge in earnings on sale of its U.S. food services. |
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| Dutch supermarket retailer Royal Ahold net sales rose 1.2% from the previous year to €28.2 billion after the acquisition of Clemens Markets and Konmar stores augmented revenues. Net income for the year grew by €2 billion to 2.9 billion euros on the sales of its U.S. FoodService and Polish operations. The company proposed a full-year dividend of 0.16 euro per share. The company plans to reduce debt in 2008 by €2 billion. Earnings per share in euros jumped to 2.03 from 58 cents. |
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ProSiebenSat.1 Profit Drops 63%
Mar 06, 11:50 PM EDT |
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| Net profit fell 63% to 89.4 million euros from 240.7 million euros in 2006. |
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| The largest independent German broadcaster said profit in 2007 fell 63% to 89.4 million euros from 240.7 million euros after paying a fine of 120 million euros. Fiscal 2007 revenue climbed 29% to 2.70 billion from 2.09 billion euros prior year. Recent acquisition of SBS and rise in international revenue helped the revenue growth. The second largest broadcaster in Europe now operates 48 television stations in Germany, Scandinavia, and Eastern European region. |
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InBev Profit Surges 55.8%
Mar 03, 11:05 PM EST |
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| Fourth quarter profit increased to 900 million euros from 371 million euros driven by strong sales in Latin America North and Western Europe. |
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| The Belgian brewer InBev reported 2007 revenues increase of 7.2% to 14.4 billion euros from 13.3 billion euros a year earlier as revenues in Latin America North increased 34% and leapt 24% in Western Europe. In particular, beer volumes in Brazil grew by 5.6% and the market share in 2007 rose to 67.8%. |
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Higher Power Plant Demand Lifts Areva Sales
Feb 28, 3:41 PM EST |
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| Net profit rises to €743 million or €20.95 euros per share from €649 million or €18.31 per share in 2006. |
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| The world’s largest nuclear equipment firm said profit rose 14.5% to €743 million on solid earnings mainly from the transmission and distribution division Revenue gained 9.8% to €11.92 billion. Areva expects 2008 to be strong year on higher global power plant spending. The third largest uranium miner in the world hopes to build nearly 100 of the 300 new nuclear reactors by 2030. |
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Catalyst Division Lifts BASF Profit 26%
Feb 26, 9:27 PM EST |
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| Quarterly profit rose 8.3% on sales rise of 1.6% to 14.7 billion euro on strong worldwide growth. |
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| BASF Group fiscal fourth quarter sales increased 1.6% to 14.7 billion euro compared to 14.4 billion euro a year ago on 25% growth in sales in North America, 28% in South America, Africa and the Middle East. The Chemicals division saw a 22.4% increase in sales to 14.1 billion euro on the contribution of the new Catalysts unit. Annual earnings per share surged 30.6% to 8.32 euro from 6.37 euro a year ago. |
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Fresenius Profit Up 34%
Feb 21, 3:40 PM EST |
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| Fourth quarter profit jumped 30% as dialysis services revenue grew 6% and revenue in dialysis products edged up 18%. |
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| The world’s largest provider of dialysis products Fresenius Medical Care annual revenues rose 14.4% to $9.7 billion from a year ago spurred by 6% increase in patients treatment and an 11% increase in dialysis treatments worldwide. Net income soared 33.6% to $717 million from $536 million a year earlier. Fresenius proposed eleventh dividend increase in a row by 15% to 54 euro cents per share. |
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BNP Paribas Profits Rise 7%
Feb 21, 2:58 PM EST |
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| BNP fourth quarter revenue declined 1.9% to 6.9 billion euros and earnings fell 42% to 1 billion euros. |
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| BNP Paribas reported annual revenues rose 11.1% year-on-year to 31 billion euros as a result organic growth and the limited impact of the credit market turmoil. The Group’s share of net income rose 7% from last year to 7.8 million euros. Net income per share grew 5.7% on the year to 8.49 euros. Tier 1 ratio was reported at 7.3% in 2007. |
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Barclays Earnings Calmed Investors
Feb 19, 4:42 PM EST |
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| Barclays steady profit, a decline of 1% from a year ago, met expectations of analysts and lifted other banks in the regional trading. |
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| Total net income in 2007 increased 7% to 23 billion pounds from a year ago and impairment charges rose 30% to 2.8 billion pounds from 2.1 billion pounds. Barclays reported tier 1 capital ratio of 7.8% and increased its final dividend 10% to 22.5p and full-year dividend to 34p from 31p in 2006. Diluted earnings per share declined to 66.7p from 69.8p in the previous year. UK retail banking rose 9% and wealth management unit surged 25% in reveune in the year but the international banking fell 23%. |
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