Financial Roundup

27 October 2004

Latest results from major marketers, agencies, the media


  • American Express (calendar Q3)
    Earnings rose 14% to a record $879 million (€687.63m; £477.61m), thanks to strong spending by cardholders and better results in its travel business.
        Third-quarter revenue rose 12% from the year-earlier period to $7.2 billion, in line with Wall Street's expectations. Card-member spending increased 16% in the third quarter and profit from its travel business rose 20% to $726 million. However, the financial advisory business reported earnings of $186 million, down 6%.
        "We are in an excellent competitive position and continue to generate broad-based growth in card-member spending in the retail, everyday spending, travel and entertainment sectors," said chairman/ceo Kenneth I Chenault.

  • British American Tobacco (calendar Q3)
    The world's second-largest cigarette manufacturer saw profits rise by 20% over nine months, boosted by its acquisition of Ente Tabacchi Italiani.
        Group pre-tax profits for the nine months to September 30 were £1.54bn ($2.83bn; €2.22bn) compared with £1.29bn in the same period last year.
       However, underlying operating profit, was 1% higher at £2.14bn. At comparable rates of exchange, underlying operating profit would have risen by 7%.
        BAT's four key brands - Kent, Dunhill, Pall Mall and Lucky Strike - saw volumes rise by 3% in the nine month period, while group operating profit rose 8% to £1.62bn and total revenues grew 33% to £25.26bn.

  • Grupo Televisa (calendar Q3)
    Mexico's leading broadcaster said net profit was pesos 1.44 billion ($1.25m; €978.3k; £679.5k), double the P720.7m in the year-earlier quarter.
       Sales rose 29% to P7.63bn, with gains in all of the company's business segments, which include cable and satellite TV, programming licensing, radio and publishing.
       TV broadcasting revenue reached a record P4.3bn, up 11%, thanks to a recovery in the Mexican economy, and coverage of the Summer Olympics and South American soccer tournament Copa America.

  • TV Azteca (calendar Q3)
    The nation's number two TV company reported net profit up by 17% to pesos 408.8 million ($35.5m; €27.77m; £19.29m), compared with P350.7m in the year-earlier quarter. Sales were up 23% to P2.22 billion in the July-September period, compared with P1.8bn a year ago; while EBITDA (earnings before interest, taxes, depreciation and amortization) rose 20% to P948m.
        The company's US network, Azteca America, saw sales rise year-on-year to P94m from P54m.

    Data sourced from multiple origins; additional content by WARC staff