Financial Roundup

24 October 2005

Global (calendar Q3)

  • Coca-Cola Company
        The globe's largest soft drinks company posted a 37% year-on-year jump in third-quarter profit, with net income up to $1.28 billion (€1.07bn; £723.5m) from $935 million a year earlier.
        Revenue rose 7.9% to $6.04bn from $5.6 billion.

    Global (calendar Q3)
  • Ford Motor Company
        America's second largest automaker reported a $284 million (€237.5m; £160.5m) third-quarter loss, its first since 2003. This compares with a net profit of $266 million in the year-earlier quarter.
        Revenue rose 4.4% to $40.86 billion from $39.12bn. Despite a big increase in car and truck sales during the summer months thanks to its much publicized 'employee discount' program, Ford's North American pretax automotive losses rose to $1.2bn from $481m in the 2004 third quarter.

    Global (calendar Q3)
  • Google
        Google posted third-quarter net income of $381 million (€318.6m; £215.4m), a hike in profit of over 700% on $52m in the comparable period in 2004. Revenues roughly doubled from $806m $1.6 billion.
        The 2004 third quarter included a $201m expense related to the resolution of two disputes with rival Yahoo.

    Global (calendar Q3)
  • Nestlé
        Sales rose 4.8% to 67.6 billion Swiss francs ($52.43bn; €43.77bn; £25.58bn) in the first nine months of 2005.
        Organic growth, which adjusts for divestitures and currency movements, was 5.8% - at the upper end of Nestlé's medium term sales growth target of 5% to 6%. The company had raised prices of its food and beverage brands by an average 2.1% in the first nine months.
        Nestlé doesn't report net profit on a quarterly basis, although. ceo Peter Brabeck said the company expects to hit both its full-year sales target and its objective of raising operating margin on a constant-currency basis.
        In the first nine months, Nestlé saw strong growth from Latin America, which grew 8.9% on an organic basis, as well as the US, up 5.2%. Europe languished in the doldrums with growth of just 1.3%.

    Global (calendar Q3)
  • Nokia Corporation
        Net profit in the third quarter rose 29% to €881 million ($1.05bn; £595.5m) from €685m a year earlier. Sales rose 18% to €8.4 billion.
        However, gross profit margins at the world's largest maker of mobile phones remain under pressure, with Nokia predicting average selling prices will fall in the fourth quarter from the third. It attributes this to future growth being mainly in markets where low-end phones dominate.
        It also warned of lower Q4 sales at its network arm, which contributes about twenty percent of total revenue.

    Data sourced from multiple origins; additional content by WARC staff