Latest Financial Postings

14 May 2004

The Walt Disney Company (calendar Q2)
    Net income increased 71% to $537 million (€453m;£304m) compared with $314m a year earlier. Revenue increased 11% to $7.2 billion from $6.5bn.
    A recovering economy coupled with the return of holiday makers to theme parks and an increase in cable network advertising revenue were cited as the main growth factors.

Axel Springer (calendar Q2)
    Europe's largest publisher raised net profits by nearly a third to €25 million ($29.5m;16.7m) as sales climbed 4% to €610.2m. Earnings before interest, tax and amortisation rose 13.8% to €66.5m.
    Springer's advance came on the back of improved newspaper sales and advertising revenue.

Reckitt Benckiser (calendar Q1)
    Net profits for the world's number one household products maker rose by 31% to £105 million (€156m; $185m), compared to analysts' expectations of £102m. Net revenues rose by 12% to £920m.
    Shares of the £10.2 billion company have outperformed the DJ Stoxx European non-cyclical goods index by 19% over the past year.

T-Online (calendar Q1)
    Lucrative broadband services pushed earnings before interest, tax, depreciation and amortisation up 62% to €117.7 million ($140m; £79m).
    Europe's largest internet service provider, which is 74% owned by Deutsche Telekom, has 2.44m broadband customers in the key German market.

UK (calendar Q1)
    The online travel and leisure firm reported sales rose to £178.8 million ($314m;€265m) from the previous year's figure of £92.2m. This was offset by an 18% rise in pre-tax losses to £6.55m.
    The firm is predicting sales will total between £250m-£280m for the third quarter.
   It is confident that fourth quarter results (July-to-September) will show "material improvement" on last year.

Virgin Atlantic (calendar 2003/4)
    The long-haul carrier recorded a pre-tax profit of £20.9 million (€31m; $37m) for the 10-month period from May 2003 to February 2004. For the 12 months ending April 2003, the airline made a £15.7m profit.
    Turnover for the same period was £1.27 billion, compared with £1.4bn for the 12 months ending April 2003.
    Virgin changed its accounting period to 10 months to bring it line with 49% shareholder Singapore Airlines.

Data compiled from multiple sources; additional content by WARC staff