Financial Roundup

29 April 2005

Global (calendar Q1)

  • J C Decaux
       The globe's second-largest outdoor advertising company said first-quarter sales rose 6% after marketers upped their spend to promote products on buses, subways and at airports.
       Sales at the French-headquartered advertising group improved to €379.7 million ($491.25m; £257.92m), prompting it to predict like-for-like sales growth of 4% and improved profitability for 2005.
       By product category, street furniture revenues increased year-on-year by 7.6% to €211.9m from €196.9m in the first quarter of 2004, while transport sales rose 5.9% to €68.8m from €65 million in the same period last year. Billboard revenues saw the lowest rise, growing by 2.9% to €99m compared with €96.2m in Q1 2004.
       Double digit revenue growth was achieved in the Americas and Asia-Pacific; also in the UK, Portugal, Spain, Italy, Sweden and Denmark. Belgium and Germany reported high single-digit growth, while market conditions remained "tough" in France and Austria.
       Cooed chairman/co-ceo Charles Decaux: "As anticipated, our first quarter revenues showed strong organic growth, with particularly good performances from our street furniture and transport divisions."

    Global (fiscal Q4/full year 2004-05)
  • Sony Corporation
       Losses for the final quarter widened from a year earlier amid red ink in electronics and at its music affiliate. The company warned that earnings are expected to fall in the 2005-06 fiscal year.
       It posted a net loss of ¥56.5 billion ($533.12m; €412.06m; £27.99m) for the quarter ended March 31 compared with a loss of ¥38.2bn a year earlier.
       For the year ended March 31, net income rose 85% to ¥163.8bn on sales of ¥7.16 trillion, while operating income climbed 15% to ¥113.9bn.

    Data sourced from multiple origins; additional content by WARC staff