Latest Quarterly Financial Postings

03 May 2004

DaimlerChrysler (calendar Q1)
    The German-US group posted a 10% rise in operating profit and upped its guidance for its US unit Chrysler.
    Operating profit of €1.541 billion ($1.29bn; £868.46m) exceeded analysts' forecasts, thanks to growth at Chrysler and its trucks unit.
    Net profit fell 33%, however, after absorbing a €279 million charge for the group's ill-starred involvement in a road toll venture. Overall sales fell three percent to €32.351bn, although operating profit nearly doubled to €298 million. Net profit hit €393m.

Exxon Mobil (calendar Q1)
    The result comfortably exceeded Wall Street forecasts, despite the fact that profits fell 23% year-on-year from a record $7.04 billion (€5.88bn; £3.97bn). News that the oil mammoth achieved profits of $4.79bn was welcomed by analysts.
    All operations performed well during the quarter, with revenues (before one-off items) leaping to $67.6bn from $63.8bn a year earlier, lifted by strength across all of its operations.
    War and civil commotion are good for oil industry profits. During the record period last year, ExMo profits soared thanks to a sharp rise in global crude oil prices -- fuelled by fears that the war on Iraq, industrial action in Venezuela, and civil unrest in Nigeria would disrupt global supplies.

Hindustan Lever (calendar Q1)
    Sales at India's largest consumer products company totalled Rupees 23.5 billion ($527.85m; €440.79m; £297.48m) in the three months to March 31, down 1% compared with the same period last year; net profit dropped 21% to Rs2.94bn in the third successive quarterly decline.
    The malaise is attributed to a detergents price war [WAMN: 29-Apr-04], triggering a sharp fall in profits.

J C Decaux (calendar Q1)
    Europe's largest outdoor company reported a nominal 1.78% rise in gross revenues to €358.9 million ($429.78m; £242.21m) from €352.9m, but predicted revenues would grow between 3% and 5% during the rest of the year. Net revenues were not reported.
    The European market is showing signs of recovery, although advertising revenues were flat in Germany and marginally up in France. Solid revenue increases were posted in Austria and Portugal and double-digit organic revenue growth was achieved in the UK and Netherlands.
    In the US, organic revenues also rose by a double-digit figure, while revenues increased by an unspecified percentage in the Asia-Pacific region.

Data sourced from multiple origins; additional content by WARC staff