Financial Roundup

24 February 2005

Global (full year)

  • Cadbury Schweppes
       Underlying pre-tax profits rose a marginal 1% to £933 million ($1.78bn; €1.35bn) in 2004 and would have been 8% higher if currency movements - notably the sickly US dollar - had been stripped out.
       The modest result was in line with analysts expectations and the confectionery group, the world's largest, expressed confidence it would hit sales targets for the current year.

    Global (full year)
  • Omnicom Group
        The world's largest agency holding company barnstormed its way to an unexpectedly robust final quarter, reporting a 15% increase in net income for 2004 to $723.5 million (€547.8m; £379.5m). Revenues were up 13% to $9.75 billion.
        Regionally, spending was at its strongest in the US and Asia. Europe remained flat, although there were signs of an uplift during the fourth quarter. Growth in the UK, France and The Netherlands remained static although those markets are now stable.
        Ceo John Wren reported that clients are "bullish" in setting their 2005 budgets compared with recent years.

    Mexico (full year)
  • Grupo Televisa
    Q4 net profit at Mexico's largest media company rose 34% from the year-earlier period on a 14% increase in sales.
        For 2004 as a whole, net profit climbed to pesos 4.32 billion ($389.6m; €295.0m; £204.4m) from pesos 3.78bn in 2003, with sales rising 18% to pesos 29.31bn. Annual TV broadcasting revenue grew 5.7% to pesos 17.10 bn.
        The Mexican economic recovery, coverage of the summer Olympics and a 9.8% rise in local sales contributed to the sales growth for the year.

    Data sourced from multiple origins; additional content by WARC staff