Financial Roundup (two postings)

03 November 2004

The latest postings by major marketers, agencies and media


  • SBS Broadcasting (calendar Q3)
    The acquisitive pan-European media group reported a 41% plunge in operating income to €1.37 million ($1.73m; £945.68k) from €2.3m despite a robust 21% increase in TV advertising sales. These were eroded by rising station costs and administrative expenses.
        Operating income was affected by launch costs associated with autumn TV schedules, and further exacerbated by higher expenses at recently acquired operations - among them radio stations in Norway and Denmark and new TV channels in Hungary.
        Says ceo Markus Tellenbach: "We continue to explore accretive transactions in television and radio that will complement our operations as the company continues to grow."

  • Toyota Motors (fiscal H1)
    Total revenues at the globe's second largest carmaker (after General Motors) were up 9.7% to a record ¥9.03 trillion ($8.49bn; €6.66bn £4.63bn), while the total number of cars sold rose by 397,000 to 3.56 million.
        In Europe, revenues jumped 16% to ¥200 billion with strong contributions from Turkey, France and the UK. Car sales were up 35,000 to 476,000 units.
        According to senior managing director Takeshi Suzuki: "The success of the RX300 and RAV models, together with Avensis, Corolla and Yaris, continued to expand the profit in Europe.
        Sales in other regions were even better - up 21%.

    Data sourced from multiple origins; additional content by WARC staff