Latest Financial Postings

25 May 2004


EMI (full year 2003/4)
    The world's third largest music firm posted a 9% drop in adjusted pre-tax profits from £178.8 million ($320m; €268m) to £163.3m.
    The company which is sacking 1,500 staff and cutting its artist roster by 20%, also witnessed a 2% drop in CD sales to £1.7 billion.
    On the upside EMI's global market share rose slightly from 12.7% to 13.2% because of advances in North America, Europe and Asia.
    The company said 20 of its albums, including ones from Norah Jones, Coldplay and Robbie Williams each sold more than 1m units.

UK Burberry (full year 2003/4)
    The upmarket fashion house best known for its trademark beige check, reported full-year pre-tax profits of £138.8 million ($208m; €249m) compared with £109.4m for the previous year.
    Underlying sales were up 15% which the company attributed to the opening of stores in Europe, the US and Asia and a new range of designs which have been popular with customers.

Data compiled from multiple sources; additional content by WARC staff