Aurubis again reported positive first quarter
The high demand from the automotive and filled boxes of the electro-industry is the largest company drilling for copper in Europe - Aurubis. The Hamburg-based industrial concern has quadrupled its operating profit for the second business quarter (January to March) to 143 million. Analysts expected profit is about 20 million lower. So, after losing in the first quarter due to damage in one of the furnaces of the concert in Hamburg and planned suspension of production in the Bulgarian plant in Pirdop, the company returned to the winning team in an impressive way. Investors rated it properly and shares listed on the index in Frankfurt MDax added more than 3% of its value. The revenues of the Group have more than doubled because of the extraordinary rise in prices of copper and reached 3.7 billion euros. Stocks of copper Aurubis are worth 80 million euros and also contributed significantly to the positive balance. For the full fiscal year, the company provides operating profit to reach more than 260 million, with about 100 million more than last year. The chairman of the Supervisory Board Bernd Druven already announced his retirement from office at the end of the year, expects high demand for copper will continue. It is due to the rising need for raw materials in China. The growth of Chinese economy will really be a lower rate, but demand for copper will remain high, is convinced Druven. Furthermore machinery-building and automotive use copper to make electronic parts. Restoration activities in Japan after the earthquake would also contribute to higher European demand for copper.
Adidas reported 25% profit increase for the first quarter
The German company producing sporting goods Adidas announced profit growth of 25% to 209 million EUR for the first quarter of 2011. This is well above the expected 182 million EUR, which allowed the company to raise its forecast for the year. Total sales rose 18 percent year on year to 3.27 billion EUR. Expectations were for sales of 2.99 billion EUR. The retail sales grew by 22 percent annually, while operating profit grew by 21 percent to 314 million EUR.
The strongest growth in the first quarter was made in China, where sales grew by 36 percent without taking into account currency differences. In North America and developing countries in Europe the increase was 26 percent.
The new forecast for 2011 is for profit growth of around 10 per cent. For sales expected to increase by over 5 per cent.
General Motors increased strong its profit for the first quarter
General Motors' profit for the first quarter tripled on an annual basis, exceeding forecasts, driven by recovery in the U.S. and strong sales in Asia. The net profit for the company's first quarter rose to 3.2 billion USD compared to only 900 million USD for the same period last year. The GM's revenue rose by 15% to 36.2 billion dollars in the expectation of 35.6 billion USD. Excluding extraordinary income, as are sales of shares of General Motors' Ally Financial and parts manufacturer Delphi, profit for the period was 1.72 billion USD in forecasts for 1.65 billion USD analysts interviewed by Thomson Reuters. The U.S. carmaker has said it expects profit this year without extra elements to increase significantly aided by more favorable prices and lower fixed costs in North America. According to Chief Financial Officer Dan Aman company General Motors is in a position to benefit from higher gasoline prices because of the diversified portfolio to three years ago when the last fuel reached 4 USD per gallon.
"April was very strong for us with a market share of 19.8 percent, the concessions for the purchase are the lowest of the reorganization of the company," said Aman.
GM has been criticized by analysts on Wall Street for big discounts in January and February, which reduced the profits of vehicles sold. Rebates were reduced in March and April, but still larger than those of city rival Ford.
Nokia kept its profit and market stake in the first quarter
Nokia remained almost unchanged profit for the first quarter of this year compared to the same period last year, although still lagging behind in the highly competitive market for smartphones. The largest mobile phone manufacturer in the world reported 1.4 percent drop in profit to 344 million for the three months to the end of March. A year ago, was a positive result of 349 million EUR. The Nokia's profit was more than 177 million predicted by analysts. The sales of the Finnish company rose by 9.2 percent annually for the period to 10.4 billion. In recent months, based on Symbian OS mobile phones of Nokia lost market positions of the Apple iPhone and smartphones with mobile system to Google - Android. Earlier this year, Nokia decided to rely on the operating system of Microsoft, which is designed for mobile - Windows Phone 7 as the basic software for their smartphones. The CEO of Nokia Elap Stephen, a former manager at Microsoft, agreed to a partnership with software company in February. The shares of the Finnish company, however, fell 27 percent from 11 February, when it was announced the agreement with Microsoft. In today's session, their price fell by 0.7 percent to 5.90 euros on the Helsinki Stock Exchange, valuing the company of 22.2 billion.
The profit of Pepsi decreased with 25% in the first quarter of 2011
The American company to produce soft drinks Pepsi announced a surprise drop in profit in the first quarter. However, the managers of the company reaffirmed its forecast for results for all of 2011. During the first three months of the year profit of Pepsi is 1.14 billion dollars, or 71 cents a share. Over the same period last year, the positive result was 1.43 billion dollars, or 89 cents a share. But then there was a single accounting effect of 958 million dollars profit. The company's revenues grew by 27 percent to 11.94 billion dollars. The expectations of analysts was for earnings of 74 cents per share and revenue of 11.94 billion dollars. The volume of products sold increased by 12 per cent, much of this is due to certain acquisitions made by Pepsi. Gross profit margin improved from 52.4 to 54.4 per cent. For all of 2011 Pepsi expect growth of 7-8 per cent of its profits per share. Thus, the company confirmed its previous forecasts. Last month, Pepsi has experienced serious disappointments, after main rival - Coca-Cola, won the leadership of best-selling diet soft product in the U.S.. The product of Coca-Cola already has a market share of 9.9 per cent, while Pepsi has a 9.5 percent market share of diet drinks. If sodas in general dominance of Coca-Cola continues with the same name product has a share of 17 per cent.
Visa reported 16% profit growth in the last quarter of 2010
The American company Visa announced the profit growth of 16 percent in the fourth quarter of 2010 on an annual basis. This is a signal that consumers begin to spend again, which in turn gives arguments that the economy has stabilized. The volume of transaction cards issued by Visa, increased by 14 percent during the quarter to 30 September. These are the most recent data that has card operator. The Visa's Earnings for the fourth quarter of 2010, the first for the fiscal year for the company is 884 million dollars or 1.23 dollars per share of Class A. For the same period last year the company achieved a profit of 763 million dollars or 1.02 dollars per share. The company's revenues amounted to 2.24 billion dollars. The number of transactions in the company's network even has jumped by 15 per cent. The preliminary estimates of analysts was for profit of 1.21 dollars per share and revenue of 2.23 billion dollars. Shares of Visa declined in increased trading period, since in the regular session, rose 2 percent to 72.09 dollars a share.
Coca-Cola’s profit increased with 275% in the 4th quarter of 2010
The American company Coca-Cola reported impressive growth in profits of 275% yoy in the fourth quarter of 2010. That have contributed to lower costs of the company and sales growth globally. The earnings giants amounts to 5.77 billion dollars or 2.46 dollars per share. For the last quarter of 2009, far lower - 1.54 billion dollars, or 66 cents a share. If you eliminate one-off effects, earnings per share capital of Coca-Cola rose by 9 per cent to 72 cents. In the fourth quarter the company's revenue jumped 40 percent to 10.49 billion dollars. The expectations of analysts was for earnings excluding one-off effects of 72 cents per share and revenue of 10.16 billion dollars. The sales increased by 6 per cent as implemented in the global volume. Market in North America has been a growth of 8 per cent in Eurasia and Africa the increase was 14 per cent. In Europe alone, growth was 2 percent, respectively, 5 and 1 percent increases the volume in Latin America and the Pacific. Among the strongest markets for the company are Russia, Turkey, India, Brazil and South Africa. The report on fourth quarter delighted investors and today the company's shares, which is part of the index of blue chips in the U.S. - Dow Jones Industrial Average, expensive by nearly 2 per cent.
Assets sale increased the profit of AIG to 11.2 billion USD
The U.S. insurance giant - American International Group (AIG), announced that the net profit of the company jumped to 11.2 billion dollars in the fourth quarter of 2010. This happened due to assets sale. The increase in profit is due to the sale of several business units of AIG, and the initial public offering (IPO) of its life insurance subsidiary AIA Group in Asia. They bring to the company's revenue about 17.6 billion dollars. Through the sale of the AIG assets made the next step towards the recovery of the loan, which was obtained from the U.S. government at the height of the financial crisis in autumn 2008. If, however, exclude gains or losses from sale of business units, and other one-off effects from the sale of assets, AIG realized an operating loss after tax of EUR 2.2 billion compared with a loss of 1.3 billion dollars same period in 2009. Its shares rose by 1 percent to 40.84 dollars after the regular session of the New York Stock Exchange. Their price was raised by 72% over the past 12 months, but the beginning of this year fell by 16 per cent. AIG, which nearly went bankrupt in 2008, plans big stock sale this spring in order to pay the U.S. government, which holds 92% of its capital. The government will also sell part of its share through the planned IPO. On January 14th, AIG paid to the regional branch of the Federal Reserve in New York part of its debt to the state amounting to 21 billion dollars.
Credit Suisse with 841 million francs profit for the last quarter of 2010
The Swiss bank Credit Suisse reported a profit of 841 million Swiss francs (876 million dollars) for the fourth quarter of 2010. Over the same period of previous year performance of financial institutions was 793 million francs. As a negative signal may indicate a reduced target of bank profitability this year. The new objectives have been to achieve a return on equity of 15 per cent, below the previous target of 18 per cent. In 2010, the bank index was 14.4 per cent. All profits of the financial institution for the year does is 5.1 billion dollars, or about 25% less than in 2009. The main competitor of Credit Suisse in Switzerland - UBS, reported a profit of 1.29 billion francs last quarter of 2010. The bank realized good business management and decreased the number of bad credits, which increased the profit of the bank. This was quite important to stabilize the financial report and to perform the positive strategy for increasing the profits. The Swiss bank Credit Suisse is getting out from the terrible financial crisis and the decrease in the financial results was stopped. The company did not realized high decrease, but negative financial results is making the bank management unstable.
The profit of ConocoPhillips raised with 54%
The profits of the oil company ConocoPhillips jumped by 54 percent annually in the fourth quarter of 2010. Much of this result is due to the rise in oil prices and profitability of operations, refining petroleum products. The net profit of the oil company ConocoPhillips in the last quarter of 2010 was 2 billion dollars or 1.39 dollars per share. Over the same period last year profit was 1.3 billion dollars, or 86 cents a share. Company revenue rose 22 percent to 53.2 billion dollars. Without accounting for some one-off effects of ConocoPhillips profit amounted to 1.9 billion dollars or 1.32 dollars per share. The expectations of analysts was for earnings of 1.29 billion dollars on revenue of 47.3 billion dollars. The company has limited oil production by 5 percent to 1.73 billion barrels a day. This is offset by increases in oil prices to average 78.76 dollars a barrel during the quarter. Much credit for the best result, improving the profitability in manufacturing activity, after the loss of 215 million dollars for the fourth quarter of 2009, the last quarter of 2010 has achieved a profit of 207 million dollars.
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