Carlsberg (calendar Q1)
    The Danish brewer posted profits of DKr154m ($25m; €20.7m; £14m) disappointing analysts who were predicting DKr217m. The "seasonal nature" of the brewing industry was blamed. Revenues of DKr6.8bn also undershot expectations of DKr7.2b.
    However, the company, which reported a 4% volume increase in beer sales, is forecasting annual profits of up to DKr1.5bn compared with Dkr1.2bn in 2003.

Grey Global (calendar Q1)
    The advertising network reported a 44% rise in pre-tax profits to $4.9m (€4m; £2.7m). Revenues rose to $344m, a year-on-year increase of 15%.
    The network's international business accounted for 20% of revenue growth compared with the US market which contributed 9.9%.

Bertelsmann (Calendar Q1)
    The German media group posted pre-tax profits pre-tax profits of €126m ($153m; £84.9m) reversing last year's €306m loss. First quarter sales dropped from €3.93bn to €3.79bn.
    The company's portfolio comprises publisher Random House, the BMG music group and RTL, Europe's largest commercial television operation which accounts for about 40% of annual profits.

Vivendi Universal (calendar Q1)
Revenues rose 11% to €5.97bn ($7.2bn; £4.0bn) at constant exchange rates; but fell 4% after adverse currency effects. The French group's media operations accounted for €3.47bn and telecommunications €2.43bn.
    Like-for-like sales at television arm Canal Plus were up 8% to €923m, while comparable revenues fell 5% to €978m at Universal Music. Sales rose 3% to €1.49bn at Vivendi Universal Entertainment prior to the studios and TV division being sold to America's NBC.

Europe SBS International (calendar Q1)
    The pan-European broadcaster -- one of the largest operations in Scandinavia and the Netherlands -- posted a 20% increase in revenues of €140.7m ($170.3m; £94.8m). Pre-tax profits were €4.6m.

Data compiled from multiple sources; additional content by WARC staff