Sopra Group achieved high quality performance in 2012, meeting its objectives. Revenue was €1,216.7 million, with organic growth of 2.4% and total growth of 15.8%. Operating profit on business activity improved 20 basis points to 9.0% of revenue. Net profit was €55.6 million, representing 4.6% of revenue. The company reiterated its strategy of expanding in consulting, services and software development. For 2013, organic growth is targeted between 2-5% and net debt is targeted between €150-170 million.
The document provides an overview of Generali Group's financial results for the first half of 2012. Some key highlights include:
- Operating result was €2.343 billion, down 0.1% from €2.408 billion in the first half of 2011 on a like-for-like basis.
- Net income increased 4.5% to €842 million from €806 million.
- Gross written premiums increased 2% on a like-for-like basis to €35.648 billion.
- The Life segment operating result increased 3.1% on a like-for-like basis to €1.663 billion while the P&C segment operating result decreased 5.9% to €799
The SGS Group posted a strong first semester performance with revenue growth of 15.1% over prior year to CHF 2.7 billion (constant currency basis), reflecting both organic revenue growth of 11.1% and the integration of twenty four recently acquired companies contributing an additional 4.0% in revenues.
- XING is a social network for professional contacts with over 12.6 million members worldwide and 5.9 million members in German-speaking countries.
- In Q3 2012, total revenues increased 11% to €18.33 million compared to Q3 2011, while EBITDA was €5.52 million at a margin of 30%.
- XING launched the XING Talent Manager, a recruiting tool for businesses, in late September which is expected to boost the e-Recruiting business.
- Burda, XING's major shareholder, acquired additional shares bringing its total to 38.9% and triggering a mandatory takeover offer for remaining shares at €44 per share, an
- Orbitz Worldwide reported financial results for Q2 2012, with net income of $4.6M compared to $8.9M in Q2 2011. Adjusted EBITDA was $32.1M.
- Gross bookings declined 1% YoY due to challenges in Europe, while net revenue was flat. Mobile now represents 20% of hotel transactions on Orbitz.com.
- The outlook for Q3 and full year 2012 was impacted by global economic uncertainty, with net revenue and adjusted EBITDA expected to be up modestly.
Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2012Deutsche EuroShop AG
- Deutsche EuroShop reported results for Q1 2012, with revenue increasing 17% to €51.9 million compared to Q1 2011.
- Net finance costs increased 12% to €21.4 million primarily due to higher interest expenses and minority profit shares.
- Earnings before tax grew 23% to €23.6 million, driven by revenue growth partially offset by higher valuation losses.
- For full year 2012, Deutsche EuroShop expects revenue to increase 2-4% to €207-211 million and FFO per share to grow 3% to €1.76-1.80.
Petrobras reported consolidated net income of R$ 23.725 billion in 2005, similar to 2004. This was mainly due to increased oil and gas production, higher oil and fuel prices in local and foreign markets, and improved quality of oil products. However, selling and administrative expenses rose along with prospecting, pension, and other operating costs. Tax expenses declined due to changes in legislation. Overall, improved operations helped maintain income levels despite cost increases.
Motor Oil announced yesterday amc FY’12 results, which came in below consensus’ estimates across-the-board on higher-than-expected inventory losses and financial expenses.
The document provides interim financial results for Credit Suisse Group for the first half of 1999. Key highlights include:
- Net profit increased 11% to CHF 2.7 billion compared to the first half of 1998.
- All business units performed well, with Credit Suisse First Boston achieving a net profit of CHF 1 billion.
- Total assets under management grew 10% to CHF 1.025 trillion due to strong investment performance and net new business.
- Earnings per share increased 9% to CHF 9.85 while book value per share rose 8%.
The document provides an overview of Generali Group's financial results for the first half of 2012. Some key highlights include:
- Operating result was €2.343 billion, down 0.1% from €2.408 billion in the first half of 2011 on a like-for-like basis.
- Net income increased 4.5% to €842 million from €806 million.
- Gross written premiums increased 2% on a like-for-like basis to €35.648 billion.
- The Life segment operating result increased 3.1% on a like-for-like basis to €1.663 billion while the P&C segment operating result decreased 5.9% to €799
The SGS Group posted a strong first semester performance with revenue growth of 15.1% over prior year to CHF 2.7 billion (constant currency basis), reflecting both organic revenue growth of 11.1% and the integration of twenty four recently acquired companies contributing an additional 4.0% in revenues.
- XING is a social network for professional contacts with over 12.6 million members worldwide and 5.9 million members in German-speaking countries.
- In Q3 2012, total revenues increased 11% to €18.33 million compared to Q3 2011, while EBITDA was €5.52 million at a margin of 30%.
- XING launched the XING Talent Manager, a recruiting tool for businesses, in late September which is expected to boost the e-Recruiting business.
- Burda, XING's major shareholder, acquired additional shares bringing its total to 38.9% and triggering a mandatory takeover offer for remaining shares at €44 per share, an
- Orbitz Worldwide reported financial results for Q2 2012, with net income of $4.6M compared to $8.9M in Q2 2011. Adjusted EBITDA was $32.1M.
- Gross bookings declined 1% YoY due to challenges in Europe, while net revenue was flat. Mobile now represents 20% of hotel transactions on Orbitz.com.
- The outlook for Q3 and full year 2012 was impacted by global economic uncertainty, with net revenue and adjusted EBITDA expected to be up modestly.
Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2012Deutsche EuroShop AG
- Deutsche EuroShop reported results for Q1 2012, with revenue increasing 17% to €51.9 million compared to Q1 2011.
- Net finance costs increased 12% to €21.4 million primarily due to higher interest expenses and minority profit shares.
- Earnings before tax grew 23% to €23.6 million, driven by revenue growth partially offset by higher valuation losses.
- For full year 2012, Deutsche EuroShop expects revenue to increase 2-4% to €207-211 million and FFO per share to grow 3% to €1.76-1.80.
Petrobras reported consolidated net income of R$ 23.725 billion in 2005, similar to 2004. This was mainly due to increased oil and gas production, higher oil and fuel prices in local and foreign markets, and improved quality of oil products. However, selling and administrative expenses rose along with prospecting, pension, and other operating costs. Tax expenses declined due to changes in legislation. Overall, improved operations helped maintain income levels despite cost increases.
Motor Oil announced yesterday amc FY’12 results, which came in below consensus’ estimates across-the-board on higher-than-expected inventory losses and financial expenses.
The document provides interim financial results for Credit Suisse Group for the first half of 1999. Key highlights include:
- Net profit increased 11% to CHF 2.7 billion compared to the first half of 1998.
- All business units performed well, with Credit Suisse First Boston achieving a net profit of CHF 1 billion.
- Total assets under management grew 10% to CHF 1.025 trillion due to strong investment performance and net new business.
- Earnings per share increased 9% to CHF 9.85 while book value per share rose 8%.
This document provides an overview of CIR S.p.A. and its subsidiaries' financial results for FY2013. It summarizes that CIR reported a consolidated net loss of €269.2 million for FY2013, driven by write-downs at Sorgenia. However, net debt was reduced to €1,845.3 million. The document also provides highlights and financial results for CIR's major subsidiaries, including decreases in revenues but cost reductions at Espresso, revenue growth and higher EBITDA at Sogefi, and increased revenues and bed capacity at KOS.
MTG reported financial results for Q4 and FY 2012. In Q4, sales were stable year-over-year at constant FX while OPEX increased. EBIT was SEK 514 million excluding associated company income. For FY 2012, sales increased 1% at constant FX while OPEX also increased. EBIT was SEK 1,695 million excluding associated company income. MTG expects its Nordic pay-TV business to grow revenues in 2013 and report an EBIT margin of 10-12% for the year.
The Progressive Corporation reported its October 2005 results. Net premiums written increased 4% to $1.328 billion compared to October 2004. Net income decreased 46% to $75.4 million compared to the same period last year. The combined ratio was 94.2, a deterioration of 7.2 points from October 2004, due to $84.4 million in losses from Hurricanes Wilma and Katrina. Progressive provides auto insurance to personal and commercial drivers throughout the US.
- Veolia exceeded its 2010 objectives, with an 8.5% increase in adjusted operating income to €2,056M.
- The company finalized the combination of Veolia Transport and Transdev, creating a unified public transport entity with 2010 pro forma revenue of €7,971M.
- For 2011, Veolia aims to continue organic growth of 4-8% in adjusted operating income, achieve over €250M in cost savings, generate positive free cash flow after dividend payments, and improve net income through further asset divestments totaling over €1.3 billion.
The document provides an overview of a company's 2Q10 results and outlook. Key highlights include traffic growth of 22.8% in 2Q10 and operating revenue increasing 22.1% to R$899.7 million. EBITDA grew 18.9% to R$554.8 million. While results were solid, costs were temporarily higher due to ramping up maintenance projects. The company has a proven track record and its current leverage provides comfort for the future.
FedEx Corp. Reports Fourth Quarter Earnings Jun 28, 2000 finance7
FedEx reported record quarterly and annual earnings for fiscal year 2000. For the fourth quarter, revenue increased 11% to $4.9 billion and net income rose 11% to $245 million. For the full fiscal year, earnings per share grew 10% to $2.32, while revenue increased 9% to $18.3 billion and net income rose 9% to $688 million. FedEx Express and FedEx Ground both saw revenue and operating income increases, though Ground operating income declined slightly, impacted by startup costs for the new FedEx Home Delivery service.
Informa reported strong financial results for 2011, with organic revenue growth of 3.9% and adjusted operating profit growth of 7.9%. Subscription revenues now make up 36% of total revenues, up from 30% in 2008. 74% of publishing revenues are fully digitized. The number of large events increased by 22% and emerging markets now represent 14% of total revenues, up from 12% in 2010. The integration of acquired companies like Datamonitor is progressing well. Informa expects continued growth in 2012 above market averages, supported by subscriptions, large events, and geographic expansion.
The document provides an overview and financial results of Deutsche Telekom for Q3 2011. Key highlights include:
- Group revenue decreased 4.1% to €11 billion, adjusted EBITDA decreased 2.7% to €3.9 billion.
- Germany achieved the highest adjusted EBITDA margin of 41.5% due to opex reductions of €0.3 billion.
- The US saw adjusted EBITDA growth of 9.2% and an improved adjusted EBITDA margin of 27.8%.
- Full year 2011 guidance was re-iterated.
The document is a presentation of BG Group's 2012 results. It provides highlights such as a 4% increase in total operating profit to $8.047 billion, with upstream profit of $5.464 billion. It discusses financial results, strategic priorities for 2013 including production delivery and major project milestones. Key capital expenditure projects are outlined along with a $10.4 billion cash capex budget and $8.1 billion in portfolio rationalization by end of 2013. Safety and operational performance are reviewed along with 2013 production outlook of 630-660 kboed.
This document provides a summary of Credit Suisse Group's 3rd quarter 2001 results. It reports a net operating profit of CHF 21 million but an overall reported loss of CHF 299 million due to losses at CSFB and unrealized investment losses. It highlights continued net new asset inflows but lower revenues and profits across most business units due to difficult market conditions. It also summarizes asset quality, capital adequacy, results by business unit and other financial details on the quarter.
- Deutsche Telekom reported Q1 2012 results with group revenue of €14.4 billion, a 1.1% decline year-over-year, but an improved organic decline of 1.7%. Adjusted EBITDA was stable at €4.5 billion.
- In Germany, revenue declined 2.3% organically due to lower voice and wholesale revenues, but adjusted EBITDA margin improved further to 40.7% due to cost savings. Mobile data revenue grew 20% and smartphone sales were strong.
- In the US, revenues declined 2.3% in US dollars but adjusted EBITDA grew 8% to US$1.3 billion due to cost reductions, with the margin improving
Ken Lewis, Chairman and CEO of Bank of America, presented at the 2006 Goldman Sachs Financial Services Conference. He discussed the company's opportunities for growth, highlighting its plans to achieve growth through selling more products to more customers across its national footprint, effectively managing costs, and capitalizing on opportunities in retail banking, wealth management, and commercial banking. Lewis also emphasized the company's ability to execute on its strategy through leveraging its extensive customer base and innovation capabilities.
- The company reported revenue growth of 3% for Q4 and 2% for the full year, though operative EBIT declined slightly for both periods due to higher fixed costs.
- The Paper segment performed strongly, with revenue growth of 7% for Q4 driven by higher sales volumes. However, results were negatively impacted by weak performance from the titanium dioxide joint venture.
- For the full year, the company expects revenue growth in local currencies and operative EBIT to be significantly higher than 2012, as it continues restructuring through its "Fit for Growth" program.
The pre-tax profit for SpareBank 1 Gruppen doubled in 2012 compared to 2011. Net profit was lower due to a large one-time tax effect from new life insurance tax rules. All business areas improved except ODIN and SpareBank 1 Gruppen Finans. SpareBank 1 Livsforsikring had a record high profit from improved administration and risk results. SpareBank 1 Skadeforsikring significantly improved results from higher investment income and a lower claims ratio. SpareBank 1 Markets strengthened its bond market position. ODIN's results were hurt by one-time restructuring costs. SpareBank 1 Gruppen Finans faced margin pressure in factoring and weak debt collection markets
1. Veolia achieved its objectives for the first year of its transformation plan ahead of schedule, with debt reduction of €3.4 billion and cost reductions exceeding targets.
2. The company divested €3.7 billion in assets, reducing net financial debt and focusing geographically and by business.
3. Veolia continued to win major contracts globally in water, waste, and energy services totaling billions in revenues over several decades.
Sopra Group reported solid results for the first quarter of 2012, with total revenue growth of 9.5% and organic growth of 4.4%. Revenue in France grew 8.4% total and 4.6% organic, while revenue in Europe excluding France grew 14.3% total and 3.8% organic. Sopra Group reiterated its strategy of expanding in consulting, services, and software development in France and Europe, and confirmed its objective of slight revenue and profit growth for full year 2012 provided market conditions do not deteriorate further.
Sopra Group reported solid results for the first quarter of 2012, with total revenue growth of 9.5% and organic growth of 4.4%. Revenue in France grew 8.4% total and 4.6% organic, while revenue in Europe excluding France grew 14.3% total and 3.8% organic. Sopra Group reiterated its strategy of expanding in consulting, services, and software development in France and Europe, and confirmed its objective of slight revenue and profit growth for full-year 2012 provided market conditions do not deteriorate further.
- Sopra's 2013 annual results exceeded targets, with revenue of €1,349.0 million, a 10.9% increase over 2012, and operating profit margin of 8.1%, exceeding projections.
- Net profit was €71.4 million, a 5.3% margin, up from €55.6 million and 4.6% in 2012.
- The Board will propose a dividend of €1.90 per share, totaling €22.6 million, distributed from 2013 net profit.
- Sopra Group reported revenue growth of 9.3% and operating margin improvement for the first half of 2014, allowing it to confirm full-year targets.
- Revenue was €722.3 million, with operating margin on business activity at 7.2%, up from 6.2% in first half of 2013.
- By business segment, Consulting & Services grew revenue 3.2% in France and 5.7% in Europe, while Solutions saw stronger growth, led by a 12% increase at Sopra Banking Software and 59% growth in Other Solutions.
- XING saw strong member growth in German-speaking countries in H1 2012, reinforcing its position as the largest business network in the region.
- Total revenues increased 12% to €35.9 million in H1 2012, though operating results declined slightly to €9.9 million due to accelerated investments.
- The company's vertical divisions saw a 28% increase in revenues to €11.7 million. New features are expected to drive further financial growth.
- At the AGM in June, shareholders approved the introduction of a regular dividend, with the first payout of €0.56 per share occurring after the meeting.
This document provides an overview of CIR S.p.A. and its subsidiaries' financial results for FY2013. It summarizes that CIR reported a consolidated net loss of €269.2 million for FY2013, driven by write-downs at Sorgenia. However, net debt was reduced to €1,845.3 million. The document also provides highlights and financial results for CIR's major subsidiaries, including decreases in revenues but cost reductions at Espresso, revenue growth and higher EBITDA at Sogefi, and increased revenues and bed capacity at KOS.
MTG reported financial results for Q4 and FY 2012. In Q4, sales were stable year-over-year at constant FX while OPEX increased. EBIT was SEK 514 million excluding associated company income. For FY 2012, sales increased 1% at constant FX while OPEX also increased. EBIT was SEK 1,695 million excluding associated company income. MTG expects its Nordic pay-TV business to grow revenues in 2013 and report an EBIT margin of 10-12% for the year.
The Progressive Corporation reported its October 2005 results. Net premiums written increased 4% to $1.328 billion compared to October 2004. Net income decreased 46% to $75.4 million compared to the same period last year. The combined ratio was 94.2, a deterioration of 7.2 points from October 2004, due to $84.4 million in losses from Hurricanes Wilma and Katrina. Progressive provides auto insurance to personal and commercial drivers throughout the US.
- Veolia exceeded its 2010 objectives, with an 8.5% increase in adjusted operating income to €2,056M.
- The company finalized the combination of Veolia Transport and Transdev, creating a unified public transport entity with 2010 pro forma revenue of €7,971M.
- For 2011, Veolia aims to continue organic growth of 4-8% in adjusted operating income, achieve over €250M in cost savings, generate positive free cash flow after dividend payments, and improve net income through further asset divestments totaling over €1.3 billion.
The document provides an overview of a company's 2Q10 results and outlook. Key highlights include traffic growth of 22.8% in 2Q10 and operating revenue increasing 22.1% to R$899.7 million. EBITDA grew 18.9% to R$554.8 million. While results were solid, costs were temporarily higher due to ramping up maintenance projects. The company has a proven track record and its current leverage provides comfort for the future.
FedEx Corp. Reports Fourth Quarter Earnings Jun 28, 2000 finance7
FedEx reported record quarterly and annual earnings for fiscal year 2000. For the fourth quarter, revenue increased 11% to $4.9 billion and net income rose 11% to $245 million. For the full fiscal year, earnings per share grew 10% to $2.32, while revenue increased 9% to $18.3 billion and net income rose 9% to $688 million. FedEx Express and FedEx Ground both saw revenue and operating income increases, though Ground operating income declined slightly, impacted by startup costs for the new FedEx Home Delivery service.
Informa reported strong financial results for 2011, with organic revenue growth of 3.9% and adjusted operating profit growth of 7.9%. Subscription revenues now make up 36% of total revenues, up from 30% in 2008. 74% of publishing revenues are fully digitized. The number of large events increased by 22% and emerging markets now represent 14% of total revenues, up from 12% in 2010. The integration of acquired companies like Datamonitor is progressing well. Informa expects continued growth in 2012 above market averages, supported by subscriptions, large events, and geographic expansion.
The document provides an overview and financial results of Deutsche Telekom for Q3 2011. Key highlights include:
- Group revenue decreased 4.1% to €11 billion, adjusted EBITDA decreased 2.7% to €3.9 billion.
- Germany achieved the highest adjusted EBITDA margin of 41.5% due to opex reductions of €0.3 billion.
- The US saw adjusted EBITDA growth of 9.2% and an improved adjusted EBITDA margin of 27.8%.
- Full year 2011 guidance was re-iterated.
The document is a presentation of BG Group's 2012 results. It provides highlights such as a 4% increase in total operating profit to $8.047 billion, with upstream profit of $5.464 billion. It discusses financial results, strategic priorities for 2013 including production delivery and major project milestones. Key capital expenditure projects are outlined along with a $10.4 billion cash capex budget and $8.1 billion in portfolio rationalization by end of 2013. Safety and operational performance are reviewed along with 2013 production outlook of 630-660 kboed.
This document provides a summary of Credit Suisse Group's 3rd quarter 2001 results. It reports a net operating profit of CHF 21 million but an overall reported loss of CHF 299 million due to losses at CSFB and unrealized investment losses. It highlights continued net new asset inflows but lower revenues and profits across most business units due to difficult market conditions. It also summarizes asset quality, capital adequacy, results by business unit and other financial details on the quarter.
- Deutsche Telekom reported Q1 2012 results with group revenue of €14.4 billion, a 1.1% decline year-over-year, but an improved organic decline of 1.7%. Adjusted EBITDA was stable at €4.5 billion.
- In Germany, revenue declined 2.3% organically due to lower voice and wholesale revenues, but adjusted EBITDA margin improved further to 40.7% due to cost savings. Mobile data revenue grew 20% and smartphone sales were strong.
- In the US, revenues declined 2.3% in US dollars but adjusted EBITDA grew 8% to US$1.3 billion due to cost reductions, with the margin improving
Ken Lewis, Chairman and CEO of Bank of America, presented at the 2006 Goldman Sachs Financial Services Conference. He discussed the company's opportunities for growth, highlighting its plans to achieve growth through selling more products to more customers across its national footprint, effectively managing costs, and capitalizing on opportunities in retail banking, wealth management, and commercial banking. Lewis also emphasized the company's ability to execute on its strategy through leveraging its extensive customer base and innovation capabilities.
- The company reported revenue growth of 3% for Q4 and 2% for the full year, though operative EBIT declined slightly for both periods due to higher fixed costs.
- The Paper segment performed strongly, with revenue growth of 7% for Q4 driven by higher sales volumes. However, results were negatively impacted by weak performance from the titanium dioxide joint venture.
- For the full year, the company expects revenue growth in local currencies and operative EBIT to be significantly higher than 2012, as it continues restructuring through its "Fit for Growth" program.
The pre-tax profit for SpareBank 1 Gruppen doubled in 2012 compared to 2011. Net profit was lower due to a large one-time tax effect from new life insurance tax rules. All business areas improved except ODIN and SpareBank 1 Gruppen Finans. SpareBank 1 Livsforsikring had a record high profit from improved administration and risk results. SpareBank 1 Skadeforsikring significantly improved results from higher investment income and a lower claims ratio. SpareBank 1 Markets strengthened its bond market position. ODIN's results were hurt by one-time restructuring costs. SpareBank 1 Gruppen Finans faced margin pressure in factoring and weak debt collection markets
1. Veolia achieved its objectives for the first year of its transformation plan ahead of schedule, with debt reduction of €3.4 billion and cost reductions exceeding targets.
2. The company divested €3.7 billion in assets, reducing net financial debt and focusing geographically and by business.
3. Veolia continued to win major contracts globally in water, waste, and energy services totaling billions in revenues over several decades.
Sopra Group reported solid results for the first quarter of 2012, with total revenue growth of 9.5% and organic growth of 4.4%. Revenue in France grew 8.4% total and 4.6% organic, while revenue in Europe excluding France grew 14.3% total and 3.8% organic. Sopra Group reiterated its strategy of expanding in consulting, services, and software development in France and Europe, and confirmed its objective of slight revenue and profit growth for full year 2012 provided market conditions do not deteriorate further.
Sopra Group reported solid results for the first quarter of 2012, with total revenue growth of 9.5% and organic growth of 4.4%. Revenue in France grew 8.4% total and 4.6% organic, while revenue in Europe excluding France grew 14.3% total and 3.8% organic. Sopra Group reiterated its strategy of expanding in consulting, services, and software development in France and Europe, and confirmed its objective of slight revenue and profit growth for full-year 2012 provided market conditions do not deteriorate further.
- Sopra's 2013 annual results exceeded targets, with revenue of €1,349.0 million, a 10.9% increase over 2012, and operating profit margin of 8.1%, exceeding projections.
- Net profit was €71.4 million, a 5.3% margin, up from €55.6 million and 4.6% in 2012.
- The Board will propose a dividend of €1.90 per share, totaling €22.6 million, distributed from 2013 net profit.
- Sopra Group reported revenue growth of 9.3% and operating margin improvement for the first half of 2014, allowing it to confirm full-year targets.
- Revenue was €722.3 million, with operating margin on business activity at 7.2%, up from 6.2% in first half of 2013.
- By business segment, Consulting & Services grew revenue 3.2% in France and 5.7% in Europe, while Solutions saw stronger growth, led by a 12% increase at Sopra Banking Software and 59% growth in Other Solutions.
- XING saw strong member growth in German-speaking countries in H1 2012, reinforcing its position as the largest business network in the region.
- Total revenues increased 12% to €35.9 million in H1 2012, though operating results declined slightly to €9.9 million due to accelerated investments.
- The company's vertical divisions saw a 28% increase in revenues to €11.7 million. New features are expected to drive further financial growth.
- At the AGM in June, shareholders approved the introduction of a regular dividend, with the first payout of €0.56 per share occurring after the meeting.
The document summarizes the interim report of Bucher Industries for the first half of 2012. It reports that Bucher Industries increased sales by 21% and operating profit by 50% compared to the same period in 2011, while order intake decreased by 9% due to economic conditions. Overall, the company expects an improvement in sales, operating profit, and profit for the year in 2012 compared to 2011. It then provides details on financial and operational performance for each of Bucher Industries' business divisions.
Hera, an Italian utility company, reported strong financial results for the first quarter of 2011, with revenues up 6.9% and EBITDA increasing 21.2% over the previous year. Net profit after minority interests was €66.8 million, a 40.1% rise compared to the first quarter of 2010. The company saw growth across all business areas, including a 21% increase in gas EBITDA and a doubling of electricity EBITDA. Hera also reduced its net financial position for the third consecutive quarter.
Sopra Steria: First-half 2016 in line with 2017 objectivesSopra Steria India
- Sopra Steria's revenue for the first half of 2016 increased 6.3% to €1.878 billion, with organic growth of 5.4%. Operating margin on business activity improved to 7.1% from 6.1% in the prior year.
- Net profit attributable to the Group doubled to €54 million compared to €26.9 million in the first half of 2015.
- The company confirmed its targets for 2016 of organic revenue growth between 3-5% and operating margin on business activity over 7.5%, and targets for 2017 of revenue between €3.8-4 billion and operating margin on business activity between 8-9%.
Sopra Group announced revenue of €321.3 million for the first quarter of 2013, representing total growth of 11.6% and organic growth of 2.4%. Business activity was resilient despite difficult market conditions. Revenue in France was €208.4 million, up 2.3% total and 2.4% organically. Revenue in Europe excluding France grew 11.8% total and 3.6% organically to €59.9 million. Sopra Banking Software continued its development with revenue of €53 million, up 73.8% total and 1.3% organically after integrating recent acquisitions.
Generali Group reported its results for the first half of 2013. Key highlights included:
- Net profit increased 28.4% to €1.08 billion compared to the first half of 2012.
- Total operating result grew 5.3% to €2.38 billion.
- Over 50% of the €4 billion disposal target has been reached through sales of US Life Re, Mexico business, and a stake in Banca Generali.
- Gross written premiums increased 1.7% on a like-for-like basis to €34.84 billion, with growth in life and P&C premiums.
Credit Suisse reported strong financial results for the first quarter of 2007, with net income of CHF 2.7 billion, up 5% from the previous quarter and 17% from the first quarter of 2006. The bank saw continued momentum from its integrated banking model, with wealth management generating net new assets of CHF 15.2 billion and asset management generating CHF 29.0 billion in net new assets. While equity markets experienced volatility related to the US subprime mortgage market, Credit Suisse is optimistic about long-term growth opportunities from globalization and increasing demand for financial products and services.
BME reported net profit of €40.5 million in 3Q11, up 25.9% yoy, and €118.4 million in 9M11, up 1.6% yoy. Revenue rose 16% in 3Q11 but fell 0.1% in 9M11. Operating expenses fell 4.7% in 9M11. Key metrics like ROE and efficiency ratio improved compared to last year. Total assets increased 47.2% to €30.6 billion due to new presentation of certain financial assets and liabilities as central counterparty.
1) The document reports on Eurazeo's FY 2012 results, which showed strong NAV growth, increased contribution from Group companies, and continued portfolio rotation.
2) Key metrics included a 16% increase in NAV per share and a 73% rise in contribution from companies to €238 million.
3) Eurazeo continues pursuing a strategy of detecting growth potential in companies, helping accelerate change, and creating value for shareholders. Recent investments like Moncler and Eurazeo PME demonstrate this approach.
1) Eurazeo reported strong results for FY 2012, with continued increase in contribution from Group companies and 16% growth in NAV per share.
2) Key events included the sale of part of ANF Immobilier's portfolio, Europcar's refinancing, and impairments related to certain companies.
3) The company aims to further accelerate change at its portfolio companies by proactively sourcing new investment opportunities with growth potential in Europe and internationally.
The annual report summarizes Balda's performance in 2011. Key points include:
- Revenues increased 6% to €66.3 million, but EBIT remained negative at €6 million due to losses in electronics.
- Medical sales grew 45% to €39.9 million and profits grew 14%, but electronics sales fell 25% and remained unprofitable.
- The loss-making MobileCom segment was sold, resulting in a consolidated loss of €39.1 million for the year.
- The company holds a valuable stake in TPK worth over €380 million, and plans to sell shares to optimize value for shareholders.
Net earnings for BME for 1H11 were €77.9 million, down 7.7% from 1H10. Revenue decreased 6.7% to €161.7 million due to lower trading volumes. Operating costs decreased 7.8% to €49.6 million. EBITDA was €112.1 million, down 6.2% from 2010. The efficiency ratio improved slightly to 30.7% while ROE was 35.1% compared to 37% last year. Total assets increased 142% to €35.5 billion mainly due to higher non-group financial assets related to BME's central counterparty activities.
The annual report summarizes the company's performance in 2010. Key points include:
- Revenues increased slightly to €141.4 million but EBITDA fell significantly to €0.4 million from €14.7 million in 2009.
- The initial public offering of shares in TPK Holding Co. Ltd. increased the company's asset value significantly.
- The MobileCom segment struggled with declining sales volumes and a negative operating result of €23.5 million.
- The Electronic Products segment also fell short of expectations with sales of €35.4 million but an operating loss of €18.1 million.
- The CEO is prepared to take decisive action if the MobileCom
This document provides a summary of Altran's 2009 results and key events. It discusses:
- The difficult market environment in 2009 with a 40% drop in the automotive business.
- Altran's contrasted results across regions, with resilience in Southern Europe but impacts in North regions.
- Key events including staff reductions, indirect cost savings of €68.6M, and strengthening of the financial position.
- 2009 revenues of €1.4B, down 11.3% organically, with a net loss impacted by restructuring costs and goodwill write-offs.
- Icade reported solid 2013 results with Net Profit (Group Share) increasing 141% compared to 2012 and growing net current cash flow of 1.2%.
- The merger with Silic was completed, making Icade the leading office property company in Europe with a total portfolio of €9.1 billion.
- EPRA Earnings from Property Investment grew 16% to €214.3 million, though declined slightly to €3.52 per share due to the Silic merger.
- Asset rotations continued with nearly €280 million in non-strategic asset sales and €236 million in sales of mature assets.
1. The director provided an overview of Balda AG's key figures and events for 2010. Revenues increased slightly while earnings were negatively impacted by losses in the MobileCom segment. However, the revaluation of TPK shares led to a significant one-time profit.
2. Important events included Balda shares rejoining the SDAX index, resolving a legal claim, and successful IPO of TPK. The segments Electronic Products and Medical saw growth while MobileCom faced price pressures.
3. Cash flow and equity position improved significantly due to the sale of shareholdings and TPK revaluation, however no dividend will be distributed in 2011. Overall it was a mixed year with operational challenges but large
Similar to Sopra Financial Results Final 2012 (20)
Sopra Steria Group generated revenue of €845.8 million in the third quarter o...Sopra Steria India
Sopra Steria 3rd Quarter Revenue 2015:
1. In France, the Group had a good third quarter with revenue of €317.6 million, representing organic growth of 3.4%
2. In the United Kingdom, the Group’s quarterly revenue came to €256.7 million, representing negative organic growth of 2.4%
3. In Other Europe, third-quarter revenue amounted to €162.0 million, representing organic growth of 8.7%.
4. Sopra Banking Software posted revenue of €63.8 million for the third quarter of 2015, representing organic growth of 10.8%
5. The Other Solutions division was buoyant with organic growth of 8.3% for the quarter and €45.7 million in revenue.
Sopra Steria reported results for the first half of 2015, with revenue growth of 6.4% and organic growth of 2.0%. Operating margin on business activity was 6.1%, and integration of the merger was substantially complete. Performance varied by country, with strong growth in France and Other Europe offset by declines in the UK. Based on results, full-year revenue growth and operating margin targets were increased.
Explore the history, versions and features of Java- a report by Pranav MishraSopra Steria India
Java was created in the early 1990s by Sun Microsystems to be used on consumer devices and computers. It has gone through many versions with new features added each time like generics, lambda expressions, and streams. The versions are named after animals or insects and key releases include Java 1.0 in 1996, Java 5.0 adding generics in 2004, Java 7 adding strings in switch statements in 2011, and Java 8 adding lambda expressions and date/time API in 2014. Java 9 is expected to improve logging, compiler control, and add support for datagram transport layer security.
Sopra Steria Group reported 2014 pro forma revenue of €3,370.1 million and net profit of €92.8 million. Revenue grew organically by 4.7% for Sopra and 6.0% for Steria. Operating profit on business activity was €231.2 million, or 6.9% of revenue. The combined company is well positioned for digital transformation with 36,000 employees across 20 countries. Targets for 2015 were not provided but opportunities from the merger were described as promising.
Sopra Group reported revenue of €980.8 million for the first nine months of 2013, representing total growth of 11.5% and organic growth of 5.1%. In the third quarter, revenue was €319.8 million with total growth of 10.2% and organic growth of 5.5%. Sopra Group confirmed its annual targets for organic growth between 2-5% and operating margin on business activity between 7.3-7.7%, and maintained its forecast for net profit margin at least equal to the prior year of 4.6%.
SFR chooses Capgemini and Sopra Group to implement a new billing and multi-channel order management system (BIOS) over a two-year project. The new system will combine SFR's order management system with its catalog of offers and make it configurable based on predefined rules. This will allow SFR to better tailor its offers to each customer segment and facilitate multi-channel management of customer contacts. Sopra Group's involvement in the BIOS project will allow for a long-term collaboration with SFR to align SFR's IT systems with its convergence strategy.
Sopra Group achieved high quality performance in 2012, meeting its objectives. Revenue was €1,216.7 million, with organic growth of 2.4% and total growth of 15.8%. Operating profit on business activity improved to 9.0% of revenue. Net profit was €55.6 million. The company maintained a sound financial position and proposed a dividend of €1.70 per share. For 2013, Sopra Group targets organic growth of 2-5% and aims to reduce net debt to a range of €150-170 million.
Sopra Group announced two proposed acquisitions to significantly boost its presence in the United Kingdom. The acquisitions include Tieto Corporation's UK financial services product business and the UK subsidiary of Business & Decision. These acquisitions are expected to close in the first quarter of 2012 and will be integrated into Sopra Group's UK subsidiary. The combined business would generate approximately €106 million in revenue and enhance Sopra Group's capabilities and international presence. The transactions align with Sopra Group's strategy of reinforcing its European positioning and creating career opportunities for employees.
1. Press Release
Contacts
Investor Relations: Kathleen Clark-Bracco
+33 (0)1 40 67 29 61 – kbraccoclark@sopragroup.com
Press Relations: Virginie Legoupil
+33 (0)1 40 67 29 41 – vlegoupil@sopragroup.com
Image Sept: Claire Doligez
+33 (0)1 53 70 74 48 – cdoligez@image7.fr
High-quality performance in 2012, with objectives achieved
Paris, 19 February 2013 – At its meeting on 18 February 2013 chaired by Pierre Pasquier, Sopra Group’s
Board of Directors approved the financial statements for the year ended 31 December 2012.
Revenue: €1,216.7 million
Organic growth(1) of 2.4%
Total growth of 15.8%
Solid fourth-quarter organic growth of 6.3%
Improvement of 20 basis points in the operating margin on business activity to 9.0%
Free cash flow: €47.3 million123456
2012 2011
Key income statement items
Revenue €m 1,216.7 1,050.3
Operating profit on business activity(2) €m / % 109.6 9.0% 92.5 8.8%
Profit from recurring operations €m / % 103.2 8.5% 91.7 8.7%
Operating profit(3) €m / % 91.3 7.5% 97.9 9.3%
Net profit - Group share €m / % 55.6 4.6% 62.9 6.0%
Per share data
Net earnings per share(4) € 4.67 5.29
Key balance sheet items
Free cash flow(5) €m 47.3 43.2
Net debt €m 204.0 46.4
Equity (Group share) €m 305.3 273.9
Net debt / Equity(6) % 67% 17%
1 Change calculated at constant exchange rates and group structure.
2 Operating profit on business activity corresponds to profit from recurring operations before expenses related to stock options and
amortisation charges for allocated intangible assets.
3 So as to allow for the comparability of accounts, all elements entering into the determination of Axway’s operating profit have been
presented in a single line item (“Profit net of tax from discontinued operations”) shown above the “Net profit” line item in the 2011 income
statement.
4 Calculated on the basis of the weighted average number of ordinary shares in issue.
5 Gross cash flow from operations less corporate income tax paid, changes in working capital requirements, capital expenditures and net
financial interest paid.
6 The gearing ratio, which excludes employee profit sharing in compliance with the Group’s banking covenants, was 56% in 2012,
compared to 7% in 2011.
2. Business review
Sopra Group posted revenue of €1,216.7 million in 2012, representing total growth of 15.8% and organic
growth of 2.4%. Operating profit on business activity came to €109.6 million, corresponding to a margin of
9.0%, an improvement of 20 basis points compared to the previous year.
Profit on recurring operations was €103.2 million, representing a margin of 8.5%, after taking into account
€2.2 million in expenses relating to the bonus share plan set up in June 2012 as well as the amortisation of
allocated intangible assets in the amount of €4.2 million.
The Group’s operating profit was €91.3 million, corresponding to a margin of 7.5%, after taking into account a
net expense for other operating income and expenses of €11.9 million, comprised of the following items:
- Transaction costs for acquisitions in the amount of €4.9 million,
- Restructuring expenses relating to the integration of acquisitions and the reorganisation of the
consulting business in France totalling €6.6 million,
- Balance of the payment for the Rent Profit dispute (premises in Spain) in the amount of €0.4 million.
Axway’s net profit was accounted for using the equity method in reference to Sopra Group’s 26.02%
shareholding in this entity at 31 December 2012, thus in the amount of €6.1 million.
Sopra Group posted net profit of €55.6 million, representing a net profit margin of 4.6%.
In France, revenue was €805.4 million, corresponding to organic growth of 3.7%. Operating profit on business
activity came to €68.0 million, representing a margin of 8.4% for the year, down from 9.2% in 2011. The decline
in the margin is the result of pre-sales marketing investments relating to several large projects, the delay in the
recovery of the Group’s consulting business and a business environment that continues to be challenging.
The Group nevertheless remains confident in its ability to maintain satisfactory margins in the current year.
In Europe (excluding France), revenue came to €240.0 million, representing total growth of 30.1% and
organic growth of 3.0%. Operating profit on business activity was €17.7 million, with the margin thus improving
from 4.9% in 2011 to 7.4% in 2012. This improvement is mainly the result of the Group’s performance in the
United Kingdom, while the margins of the other European subsidiaries remained in line with those achieved in
2011.
Sopra Banking Software, the Group’s new subsidiary resulting from the combination of its four offerings in the
area of banking software solutions, posted revenue of €171.3 million, representing total growth of 92.0% and
negative organic growth of 3.9%. The operating profit margin on business activity for this subsidiary came to
14.0% in 2012, up from 13.6% in 2011.(7)
The Group’s growth over the year as a whole was buoyed by a significant improvement in performance in
the fourth quarter. Orders for the Group’s large-scale and high value-added application build and
outsourcing projects rose sharply at the end of the year, as did sales of Sopra Banking Software licences.
The strongest revenue growth was achieved in the following verticals: Services, Transport and Utilities (+11%),
Manufacturing (+9%) and, to a lesser extent, the Public Sector (+4%).
At 31 December 2012, Sopra Group employed a workforce of 14,300 people, an increase of nearly 1,700 staff
compared to 2011, including 690 net recruits and more than 1,000 employees from acquisitions.
7 Pro forma financial information relating to Sopra Banking Software’s performance is included in the appendices.
3. Financial position
Equity amounted to €305.3 million. At 31 December 2012, net debt came to €204.0 million and included the
following elements:
- the distribution of a cash dividend, in respect of financial year 2011, amounting to €22.6 million;
- the payment of the Tieto UK, Business & Decision UK and Callataÿ & Wouters acquisitions, for a
total amount of €182.4 million.
Net bank debt, excluding the profit-sharing liability, came to €172.0 million. Consequently, the gearing ratio,
which excludes employee profit sharing in compliance with the Group’s banking covenants, was 56%.
Net financial expenses were €8.1 million. Free cash flow amounted to €47.3 million for the year.
A new agreement for a €128 million syndicated loan was signed in June 2012. At 31 December, the Group
had total utilisable credit lines of €336 million.
The Group’s financial position therefore remains sound, in regard to both debt maturity and compliance with
banking covenants.
Proposed dividend
During its next Annual General Meeting of shareholders, the Board of Directors of Sopra Group will propose
the distribution of a €1.70 dividend per share for the financial year 2012, totalling €20.2 million.
Strategy
The Group reiterates its ambition to expand its positioning in three high value-added activities: consulting,
services and software development. Consequently, it has adopted a business strategy based on three pillars:
- Cementing the Group’s position in the French market,
- Developing a sound positioning in Europe,
- Expanding the Group’s solutions portfolio.
The proposed acquisition of the company HR Access (see the press release dated 19 February 2013) is
perfectly consistent with this strategy.
Outlook
With the signings of a large number of multi-year contracts in the fourth quarter of 2012, the Group has set an
organic growth target of between 2% and 5% for the 2013 financial year. However, the first quarter of 2013
provides a challenging basis for comparison due to an unfavourable calendar effect (two fewer invoicing
days than the previous year).
Given the recently proposed acquisition of HR Access, the Group will provide an indication of annual margin
target when reporting its interim results for 2013.
Sopra Group confirms its intention to reduce its debt over the course of 2013 and announces a net debt
target in the range of €150–170 million for the year-end.
4. Financial calendar
Wednesday, 20 February 2013 at 3.30 pm: Analysts’ meeting at Pavillon Kléber, Paris.
Monday, 22 April 2013, after market: Publication of first quarter revenue.
Thursday, 13 June 2013 at 2.30 pm: Annual General Meeting at Hotel Le Meurice, Paris.
Thursday, 1 August 2013, before market: Publication of interim results.
Appendices
Consolidated income statement
2012 2011
€m % €m %
Revenue 1,216.7 1,050.3
Staff costs - Employees -811.8 -701.4
Staff costs - Contractors -100.1 -95.8
Operating expenses -178.2 -147.0
Depreciation, amortisation and provisions -17.0 -13.6
Operating profit on business activity 109.6 9.0% 92.5 8.8%
Expenses related to stock options and bonus share awards -2.2 -0.5
Amortisation of allocated intangible assets -4.2 -0.3
Profit from recurring operations 103.2 8.5% 91.7 8.7%
Other operating income and expenses -11.9 6.2
Operating profit 91.3 7.5% 97.9 9.3%
Cost of net financial debt -7.2 -4.1
Other financial income and expenses -1.0 0.6
Income tax expense -33.6 -36.1
Share of net profit from equity-accounted companies 6.1 6.0
Net profit before profit from discontinued operations 55.6 4.6% 64.3 6.1%
Profit net of tax from discontinued operations - -1.4
Net profit 55.6 4.6% 62.9 6.0%
Group share 55.6 62.9
Minority interests - -
5. Simplified balance sheet
31/12 31/12
2012 2011
€m
Goodwill 314.6 190.9
Allocated intangible assets 56.5 1.3
Other fixed assets 45.7 44.1
Equity-accounted investments 113.8 109.4
Fixed assets 530.6 345.7
Trade accounts receivable (net) 384.3 345.0
Other assets and liabilities -405.6 -370.4
Operating assets and liabilities -21.3 -25.4
ASSETS + WCR 509.3 320.3
Equity 305.3 273.9
Net financial debt 204.0 46.4
CAPITAL INVESTED 509.3 320.3
Statement of net debt
2012 2011
€m
Net debt at beginning of period (A) 46.4 57.2
Gross cash flow from operations before net financial
112.2 100.5
debt and tax
Tax paid -41.8 -38.7
Changes in working capital requirements -8.6 -1.3
Net cash flow from operations 61.8 60.5
Change relating to operating inv estments -7.7 -13.8
Net financial interest paid -6.8 -3.5
Free cash flow 47.3 43.2
Changes in scope -182.4 -29.8
Financial inv estments (Axway capital increase) -0.1 -16.2
Div idends paid -22.6 -56.1
Div idends receiv ed from equity-accounted companies 1.3 -
Capital increases in cash - 1.2
Change in loans and adv ances granted (reimbursement of Axway
- 68.4
current account)
Other changes 0.2 -1.0
Net cash flow relating to discontinued operations - 12.6
Net cash flow (B) -156.3 22.3
Changes in exchange rates (C ) -1.3 -0.4
Net debt relating to discontinued operations (D) - -11.1
Net debt at period-end (A-B-C-D) 204.0 46.4
7. Quarterly performance by division
Q1 Q2 Q3 Q4 Full-year
Group
Revenue 2012 (€m) 287.8 301.8 290.2 336.9 1,216.7
Reported revenue 2011 (€m) 262.8 266.9 240.1 280.5 1,050.3
Pro forma revenue 2011 (€m) 275.6 308.3 287.0 316.9 1,187.8
Total growth (%) 9.5% 13.1% 20.9% 20.1% 15.8%
Organic growth (%) 4.4% -2.1% 1.1% 6.3% 2.4%
France
Revenue 2012 (€m) 205.1 193.5 188.1 218.7 805.4
Reported revenue 2011 (€m) 196.2 196.0 179.9 204.5 776.6
Pro forma revenue 2011 (€m) 196.2 195.9 179.9 204.4 776.4
Total growth (%) 4.5% -1.3% 4.6% 6.9% 3.7%
Organic growth (%) 4.5% -1.2% 4.6% 7.0% 3.7%
Europe (including Tieto UK and B&D UK)
Revenue 2012 (€m) 55.1 61.3 59.4 64.2 240.0
Reported revenue 2011 (€m) 48.2 46.0 43.2 47.1 184.5
Pro forma revenue 2011 (€m) 53.1 59.6 58.4 62.0 233.1
Total growth (%) 14.3% 33.3% 37.5% 36.3% 30.1%
Organic growth (%) 3.8% 2.9% 1.7% 3.5% 3.0%
Sopra Banking Software (including C&W)
Revenue 2012 (€m) 27.6 47.0 42.7 54.0 171.3
Reported revenue 2011 (€m) 18.4 24.9 17.0 28.9 89.2
Pro forma revenue 2011 (€m) 26.3 52.8 48.7 50.5 178.3
Total growth (%) 50.0% 88.8% 151.2% 86.9% 92.0%
Organic growth (%) 4.9% -11.0% -12.3% 6.9% -3.9%
Revenue breakdown by business segment (%)
2012 2011
Financial Services 33% 25%
Services/Transport/Utilities 20% 21%
Public Sector 16% 18%
Manufacturing 16% 17%
Telecoms & Media 10% 12%
Retail 5% 7%
100% 100%
Staff changes
2012 2011
Staff - France 9,380 8,920
Staff - International 4,930 3,690
Total 14,310 12,610
Staff at the beginning of the period 12,610 11,650
Integration of acquired companies 1,010 280
Net recruits 690 680
Total 14,310 12,610
8. Changes in equity (€m)
2012
Equity position at beginning of period 273.9
Net profit - Group share 55.6
Distribution in cash (ordinary) - 22.6
Acquisition or disposal of treasury shares 0.7
Share-based payments 1.6
Actuarial differences - 2.2
Change in financial instruments - 1.2
Translation adjustments 0.1
Other movements - 0.6
Equity position at end of period 305.3
In order to facilitate the analysis of Sopra Banking Software’s performance, we provide below this entity’s
revenue on a pro forma basis:
Sopra Banking Software (full-year results integrating Tieto UK and C&W)
Q1 Q2 Q3 Q4 Full-year
Pro forma revenue 2012 (€m) 51.9 54.0 49.6 60.0 215.5
Pro forma revenue 2011 (€m) 47.9 58.3 55.1 57.2 218.5
Organic growth (%) 8.4% -7.4% -10.0% 4.9% -1.4%
Forward-looking information
This press release contains forecasts in respect of which there are risks and uncertainties concerning the Group’s future growth and
profitability. The Group highlights the fact that the signature of licence contracts, which often represent investments for clients, are more
significant in the second half of the year, and as a result, may lead to more or less favourable impacts on the end-of-year performance.
The actual sequence of events or results may differ from that described in this document, in light of a certain number of risks and
uncertainties, as described in the 2011 Reference Document which was filed with the Autorité des Marchés Financiers (AMF) on 27 April 2012
(notably on pages 48 et seq.).
The distribution of this press release in certain countries may be subject to the laws and regulations in force. Natural persons present in these
countries and in which this press release is disseminated, published or distributed, should obtain information about such restrictions and
comply with them.
About Sopra Group
A leader in the European consulting, IT services and software solutions markets, Sopra Group generated revenue of €1.217 billion in 2012 and
today employs over 14,000 staff. Thanks to a long-standing culture of excellence and strong sector-specific, functional and technological
know-how, the Group offers its clients an end-to-end approach based on a well-honed business model. Sopra Group’s ambition is to allow its
clients to successfully complete transformation projects that will give them a competitive edge and help them drive growth. Sopra Group’s
specific expertise extends from prior strategic reflection through to the supervision and implementation of major projects. For more
information, please visit our website www.sopragroup.com.