Financial Reports - In Brief

14 November 2003

Havas (calendar Q3)
The French-headquartered agency group reported third-quarter revenues of €373 million ($436m; £259m), a 5.5% year-on-year decline in organic terms. This is the smallest quarterly slide the group has so far recorded in 2003.

Havas, currently completing a major restructuring programme, said business was improving in the USA, Asia Pacific and parts of Europe. However, the UK and northern Europe remain weak.

Deutsche Telekom (calendar Q3)
The German telecoms giant posted a net profit of €508m for the third quarter -- a vast improvement on the €20.6 billion loss in Q3 last year. Revenues rose 5.1% to €14.1bn.

NTL (calendar Q3)
Pre-tax losses at cable group NTL -- US-owned but operating mainly in the UK -- narrowed from $578m in Q3 last year to $207m. Revenues rose from $830m to $894m as its broadband customer base more than doubled.

Royal Mail (fiscal H1)
The British postal operator made a £3m pre-tax profit for the six months to September - the first time in five years it has moved into the black. First-half earnings, helped by a penny increase in postal rates compare with losses of £542m in the same period in 2002.

ProSiebenSat.1 (calendar Q3)
The German broadcast giant posted a net loss of €6.9m in what is historically its weakest quarter -- an improvement on last year's Q3 shortfall of €49.3m. The easing of Germany's advertising downturn helped sales climb 3% to €363m, the first rise in three years.

Data sourced from: multiple sources; additional content by WARC staff