- Net sales and sales volumes increased in Q1 2012 compared to Q4 2011 due to higher sales volumes. Operating profit was MSEK 142, a 6% operating margin.
- Price cuts were halted and price increases were announced for sack and kraft papers. Wood costs decreased.
- Operating profit increased in packaging and speciality paper due to higher sales volumes and lower costs. It decreased slightly in packaging boards due to lower prices. Profit improved in market pulp due to higher volumes and lower fixed costs compensating for lower prices.
- Cash flow from operations was positive due to higher operating surplus and improved working capital.
The interim report summarizes BillerudKorsnäs' financial and operational performance for the first half of 2012. Key highlights include an increase in net sales and operating profit compared to the first quarter, driven by higher sales volumes. All three business areas (packaging & speciality paper, packaging boards, and market pulp) saw increased operating profits compared to Q1. The report also discusses market conditions, financial results, and an outlook for the remainder of 2012. BillerudKorsnäs announced plans to combine with Korsnäs, which is expected to generate annual synergies of MSEK 300.
The interim report summarizes Billerud's financial performance for the first three quarters of 2011. Key highlights include strong earnings with an operating profit of MSEK 296 and margin of 13%. Cash flow from operating activities was very strong at MSK 531. All three business areas - Packaging & Speciality Paper, Packaging Boards, and Market Pulp - saw increases in operating profit compared to the previous quarter. However, order situations weakened for packaging paper and boards due to seasonal reductions in customer stock levels and growing uncertainty in demand. Billerud received two major packaging design awards. Overall results were above target operating margin of 12% despite price pressures and weaker demand outlook for the remainder of the year.
BillerudKorsnäs reported strong first quarter results for 2011, with operating profit of MSEK 332, a 12% increase in net sales, and record sales volume of 369 ktonnes. Packaging paper continued strong results due to good order situation and price increases. Market pulp results were lower due to stronger SEK and higher costs, though price increases were announced. Outlook remains positive with announced price increases expected to impact future quarters and currency hedges compensating SEK strength.
The interim report summarizes Billerud Group's financial performance in the first half of 2011. Key points include:
1) The company reported strong earnings in Q2 with an EBIT of MSEK 275 million and an operating margin of 12%, though lower than Q1 mainly due to a planned maintenance shutdown.
2) Packaging paper saw continued strong underlying earnings with a 3% increase in local prices and orders remaining at a good level despite seasonal decline.
3) Market pulp saw a 45 USD/tonne price increase in Europe and the company announced two price increases though the second was not fully implemented.
4) Overall the company reported a good first half result with an operating margin of
- Sales for the first quarter of 2012 increased 67% year-over-year to SEK 954.3 million due to strong growth across all business segments. However, operating profit declined to SEK -12.1 million from SEK 20.1 million a year ago due to increased investments in growth initiatives and non-recurring costs of SEK 14 million.
- The Entertainment segment saw a 34% increase in sales driven by strengthened product offerings. Operating profit for the segment was SEK 24.1 million. Fashion sales grew 76% following geographical expansions but reported an operating loss of SEK -38.5 million due to a warehouse relocation.
- While sales growth was strong across segments,
CDON Group reported strong financial results for the first quarter of 2011, with net sales up 22% to SEK 571.8 million and operating profit of SEK 20.1 million. Gross profit increased 17.4% to SEK 109.9 million. The company saw sales growth across all business segments, with the entertainment segment representing 63% of total sales. Operating costs increased due to investments in expanding existing and newly acquired businesses.
This document summarizes an earnings conference call for Oshkosh Truck Corporation for the second quarter of fiscal year 2007. Sales increased 96.6% to $1.66 billion and operating income grew 69.1% to $134.8 million. For fiscal year 2007, the company estimates sales of $6.1-6.2 billion and operating income of $568-580 million. It also provides segment-level results and highlights for access equipment, defense, fire & emergency, and commercial.
In this earnings call, Oshkosh Truck Corporation discusses its first quarter 2007 results. Sales increased 27.4% to $1.01 billion due to the acquisition of JLG Industries. Operating income decreased 3.9% to $83.6 million and EPS decreased 23.6% to $0.55. The company increased its full-year 2007 EPS estimate range to $3.15 to $3.25 per share. JLG is meeting expectations and integration is progressing well. Defense sales were lower compared to strong prior year results while fire and emergency and commercial saw strong performance.
The interim report summarizes BillerudKorsnäs' financial and operational performance for the first half of 2012. Key highlights include an increase in net sales and operating profit compared to the first quarter, driven by higher sales volumes. All three business areas (packaging & speciality paper, packaging boards, and market pulp) saw increased operating profits compared to Q1. The report also discusses market conditions, financial results, and an outlook for the remainder of 2012. BillerudKorsnäs announced plans to combine with Korsnäs, which is expected to generate annual synergies of MSEK 300.
The interim report summarizes Billerud's financial performance for the first three quarters of 2011. Key highlights include strong earnings with an operating profit of MSEK 296 and margin of 13%. Cash flow from operating activities was very strong at MSK 531. All three business areas - Packaging & Speciality Paper, Packaging Boards, and Market Pulp - saw increases in operating profit compared to the previous quarter. However, order situations weakened for packaging paper and boards due to seasonal reductions in customer stock levels and growing uncertainty in demand. Billerud received two major packaging design awards. Overall results were above target operating margin of 12% despite price pressures and weaker demand outlook for the remainder of the year.
BillerudKorsnäs reported strong first quarter results for 2011, with operating profit of MSEK 332, a 12% increase in net sales, and record sales volume of 369 ktonnes. Packaging paper continued strong results due to good order situation and price increases. Market pulp results were lower due to stronger SEK and higher costs, though price increases were announced. Outlook remains positive with announced price increases expected to impact future quarters and currency hedges compensating SEK strength.
The interim report summarizes Billerud Group's financial performance in the first half of 2011. Key points include:
1) The company reported strong earnings in Q2 with an EBIT of MSEK 275 million and an operating margin of 12%, though lower than Q1 mainly due to a planned maintenance shutdown.
2) Packaging paper saw continued strong underlying earnings with a 3% increase in local prices and orders remaining at a good level despite seasonal decline.
3) Market pulp saw a 45 USD/tonne price increase in Europe and the company announced two price increases though the second was not fully implemented.
4) Overall the company reported a good first half result with an operating margin of
- Sales for the first quarter of 2012 increased 67% year-over-year to SEK 954.3 million due to strong growth across all business segments. However, operating profit declined to SEK -12.1 million from SEK 20.1 million a year ago due to increased investments in growth initiatives and non-recurring costs of SEK 14 million.
- The Entertainment segment saw a 34% increase in sales driven by strengthened product offerings. Operating profit for the segment was SEK 24.1 million. Fashion sales grew 76% following geographical expansions but reported an operating loss of SEK -38.5 million due to a warehouse relocation.
- While sales growth was strong across segments,
CDON Group reported strong financial results for the first quarter of 2011, with net sales up 22% to SEK 571.8 million and operating profit of SEK 20.1 million. Gross profit increased 17.4% to SEK 109.9 million. The company saw sales growth across all business segments, with the entertainment segment representing 63% of total sales. Operating costs increased due to investments in expanding existing and newly acquired businesses.
This document summarizes an earnings conference call for Oshkosh Truck Corporation for the second quarter of fiscal year 2007. Sales increased 96.6% to $1.66 billion and operating income grew 69.1% to $134.8 million. For fiscal year 2007, the company estimates sales of $6.1-6.2 billion and operating income of $568-580 million. It also provides segment-level results and highlights for access equipment, defense, fire & emergency, and commercial.
In this earnings call, Oshkosh Truck Corporation discusses its first quarter 2007 results. Sales increased 27.4% to $1.01 billion due to the acquisition of JLG Industries. Operating income decreased 3.9% to $83.6 million and EPS decreased 23.6% to $0.55. The company increased its full-year 2007 EPS estimate range to $3.15 to $3.25 per share. JLG is meeting expectations and integration is progressing well. Defense sales were lower compared to strong prior year results while fire and emergency and commercial saw strong performance.
Oshkosh Truck Corporation presented an investor presentation on its proposed acquisition of JLG Industries, Inc. The presentation discussed Oshkosh's track record of successful acquisitions and shareholder value creation. It also outlined the objectives of acquiring JLG to support growth above 15%, diversify into the fast-growing aerial work platform market, and execute its long-term acquisition strategy. Finally, the presentation provided an overview of Oshkosh Truck Corporation and its proven strategy of new product leadership, operational excellence, and strategic acquisitions that have fueled strong sales and earnings growth.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, discussed the company's strong third quarter fiscal year 2006 results and provided an outlook for fiscal years 2006 and 2007. Some highlights included record sales and operating income for Q3 2006. The company also announced two acquisitions, AK Specialty Vehicles and Iowa Mold Tooling, expected to be accretive to earnings in fiscal 2007. For fiscal 2006, Oshkosh estimates sales growth of 14.9-16.6% and EPS growth of 24-26%. Fiscal 2007 estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15.
This document is Mohawk Industries' 2001 Annual Report. The summary provides:
1) Mohawk achieved record financial results in 2001 despite economic challenges, with net earnings of $188.6 million and diluted EPS of $3.55, up 15% from 2000.
2) Mohawk continued improving operations through cost reductions, debt paydown, inventory management and cash flow increases.
3) Mohawk completed an acquisition of Dal-Tile to become a leader in both soft and hard flooring, with the goal of expanding product categories and market position.
This annual report summarizes Lowe's performance in 2002. Some key points:
- Sales increased 19.8% to $26.5 billion and comparable store sales increased 5.6%. 123 new stores were opened.
- Gross margin reached a record high of 30.3% due to merchandising and sourcing strategies as well as inventory and process improvements in stores.
- Net earnings increased 43.8% to $1.47 billion.
- The company plans to continue growing by opening more stores, expanding installed sales and special order businesses, and gaining market share in more product categories.
- In Monroe County, new listings decreased 2.2% in October 2012 compared to October 2011, while closed sales increased 25% and median sales price rose 2.5% over the same period.
- For the year to date, new listings were up 7% compared to the same period in 2011, closed sales increased 14.1%, and median sales price grew 3.3%.
- The document provides monthly and year-to-date housing market statistics for Monroe County, Indiana.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
Axfood reported net sales of SEK 36.3 billion for January-December 2012, a 4.3% increase over the previous year. Operating profit was stable at SEK 1.2 billion despite a SEK 55 million impairment for the PrisXtra brand. All business units reported positive results for the period. Axfood's goal for 2013 is to achieve an operating profit at the same level as 2012.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
Whole Foods Market is the largest natural and organic foods retailer in North America. In 2003, it had sales of $3.1 billion, operating income of $175 million, and 145 stores across the US and Canada. The company aims to reach $10 billion in sales by 2010 by continuing to open new, larger stores with an emphasis on perishables and prepared foods.
The document is Parker Hannifin Corporation's 2008 annual report which summarizes the company's financial performance for the fiscal year. It highlights that Parker Hannifin generated $12.1 billion in revenues, had 960,000 products, 449,000 customers, 62,000 employees, and 298 manufacturing plants. The annual report covers how the company is applying its expertise in motion and control technologies across many industries to increase customer productivity and profitability.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
The document discusses metrics for evaluating the performance of a Software as a Service (SaaS) company. It provides financial data for a sample company called BZN, including quarterly revenues, bookings, sales costs, details on large deals signed, renewals, churn, and resulting annual recurring revenues (ARR). It also presents opposing viewpoints from a sales team wanting to invest more in sales versus a CFO concerned about underperformance based on SaaS metrics like declining average ARR per customer.
William Blair & Company 26th Annual Growth Stock Conferencefinance7
This document contains a presentation given by Ryan Robinson, Senior Vice President of Treasury and Corporate Development at Best Buy, at the William Blair Growth Stock Conference on June 27, 2006. The presentation summarizes Best Buy's strong financial performance in fiscal year 2006, with 30% earnings growth, revenue exceeding $30 billion, and net earnings over $1 billion. It outlines Best Buy's priorities and annual guidance for fiscal year 2007, anticipating continued revenue and earnings growth. The presentation also provides an overview of Best Buy's operations and growth strategies in Canada.
Bite Size - October 2012 Quarterly M&A activity in the food and beverage sectorGrant Thornton
No 58%
opportunities in the sector.
Maybe/too early to say 25%
Looking ahead to 2013, the key questions are how
long consumer caution will last, whether input costs
Q3: How do you see your company's growth prospects
over the next 12 months?
stabilise, whether retailers continue to demand lower
prices and whether the economy pulls out of recession.
Positive 31%
For those businesses that can innovate, consolidate
Flat 42%
supply chains, invest in brands and operate efficiently
Negative 27%
the prospects remain good. For others the challenges
will continue to be severe.
Highlights of the third quarter of 2012. Net sales amounted to SEK 27,171m (25,650) and income for the period was SEK 985m (825), or SEK 3.43 (2.90) per share. Net sales improved by 5.9%, of which 4.6% was organic growth, 5.1% acquisitions and –3.8% changes in exchange rates.
- EBIT declined to SEK 1,098m due to weak demand, price pressure, and higher costs for raw materials and sourced products.
- Solid results were reported for Professional Products and Latin America. The acquisitions of Olympic Group and CTI were completed.
- Going forward, Electrolux aims to restore results by increasing prices, adapting cost structures, and implementing global operations.
Highlights of the second quarter of 2011. Net sales amounted to SEK 24,143m (27,311) and income for the period was SEK 561m (1,028) or SEK 1.97 (3.61) per share. Net sales decreased by 2% in comparable currencies mainly as a result of lower prices.
Highlights of the first quarter of 2011. Net sales amounted to SEK 23,436m (25,133) and income for the period was SEK 457m (911), or SEK 1.61 (3.20) per share. Net sales increased by 1% in comparable currencies.
Highlights of the first quarter of 2012. Net sales amounted to SEK 25,875m (23,436) and income for the period was SEK 559m (457), or SEK 1.96 (1.61) per share. Net sales improved by 10.4%, of which 3.5% was organic growth. The acquisitions of CTI and Olympic Group impacted sales by 5.8%.
Oshkosh Truck Corporation presented an investor presentation on its proposed acquisition of JLG Industries, Inc. The presentation discussed Oshkosh's track record of successful acquisitions and shareholder value creation. It also outlined the objectives of acquiring JLG to support growth above 15%, diversify into the fast-growing aerial work platform market, and execute its long-term acquisition strategy. Finally, the presentation provided an overview of Oshkosh Truck Corporation and its proven strategy of new product leadership, operational excellence, and strategic acquisitions that have fueled strong sales and earnings growth.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, discussed the company's strong third quarter fiscal year 2006 results and provided an outlook for fiscal years 2006 and 2007. Some highlights included record sales and operating income for Q3 2006. The company also announced two acquisitions, AK Specialty Vehicles and Iowa Mold Tooling, expected to be accretive to earnings in fiscal 2007. For fiscal 2006, Oshkosh estimates sales growth of 14.9-16.6% and EPS growth of 24-26%. Fiscal 2007 estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15.
This document is Mohawk Industries' 2001 Annual Report. The summary provides:
1) Mohawk achieved record financial results in 2001 despite economic challenges, with net earnings of $188.6 million and diluted EPS of $3.55, up 15% from 2000.
2) Mohawk continued improving operations through cost reductions, debt paydown, inventory management and cash flow increases.
3) Mohawk completed an acquisition of Dal-Tile to become a leader in both soft and hard flooring, with the goal of expanding product categories and market position.
This annual report summarizes Lowe's performance in 2002. Some key points:
- Sales increased 19.8% to $26.5 billion and comparable store sales increased 5.6%. 123 new stores were opened.
- Gross margin reached a record high of 30.3% due to merchandising and sourcing strategies as well as inventory and process improvements in stores.
- Net earnings increased 43.8% to $1.47 billion.
- The company plans to continue growing by opening more stores, expanding installed sales and special order businesses, and gaining market share in more product categories.
- In Monroe County, new listings decreased 2.2% in October 2012 compared to October 2011, while closed sales increased 25% and median sales price rose 2.5% over the same period.
- For the year to date, new listings were up 7% compared to the same period in 2011, closed sales increased 14.1%, and median sales price grew 3.3%.
- The document provides monthly and year-to-date housing market statistics for Monroe County, Indiana.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
Axfood reported net sales of SEK 36.3 billion for January-December 2012, a 4.3% increase over the previous year. Operating profit was stable at SEK 1.2 billion despite a SEK 55 million impairment for the PrisXtra brand. All business units reported positive results for the period. Axfood's goal for 2013 is to achieve an operating profit at the same level as 2012.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
Whole Foods Market is the largest natural and organic foods retailer in North America. In 2003, it had sales of $3.1 billion, operating income of $175 million, and 145 stores across the US and Canada. The company aims to reach $10 billion in sales by 2010 by continuing to open new, larger stores with an emphasis on perishables and prepared foods.
The document is Parker Hannifin Corporation's 2008 annual report which summarizes the company's financial performance for the fiscal year. It highlights that Parker Hannifin generated $12.1 billion in revenues, had 960,000 products, 449,000 customers, 62,000 employees, and 298 manufacturing plants. The annual report covers how the company is applying its expertise in motion and control technologies across many industries to increase customer productivity and profitability.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
The document discusses metrics for evaluating the performance of a Software as a Service (SaaS) company. It provides financial data for a sample company called BZN, including quarterly revenues, bookings, sales costs, details on large deals signed, renewals, churn, and resulting annual recurring revenues (ARR). It also presents opposing viewpoints from a sales team wanting to invest more in sales versus a CFO concerned about underperformance based on SaaS metrics like declining average ARR per customer.
William Blair & Company 26th Annual Growth Stock Conferencefinance7
This document contains a presentation given by Ryan Robinson, Senior Vice President of Treasury and Corporate Development at Best Buy, at the William Blair Growth Stock Conference on June 27, 2006. The presentation summarizes Best Buy's strong financial performance in fiscal year 2006, with 30% earnings growth, revenue exceeding $30 billion, and net earnings over $1 billion. It outlines Best Buy's priorities and annual guidance for fiscal year 2007, anticipating continued revenue and earnings growth. The presentation also provides an overview of Best Buy's operations and growth strategies in Canada.
Bite Size - October 2012 Quarterly M&A activity in the food and beverage sectorGrant Thornton
No 58%
opportunities in the sector.
Maybe/too early to say 25%
Looking ahead to 2013, the key questions are how
long consumer caution will last, whether input costs
Q3: How do you see your company's growth prospects
over the next 12 months?
stabilise, whether retailers continue to demand lower
prices and whether the economy pulls out of recession.
Positive 31%
For those businesses that can innovate, consolidate
Flat 42%
supply chains, invest in brands and operate efficiently
Negative 27%
the prospects remain good. For others the challenges
will continue to be severe.
Highlights of the third quarter of 2012. Net sales amounted to SEK 27,171m (25,650) and income for the period was SEK 985m (825), or SEK 3.43 (2.90) per share. Net sales improved by 5.9%, of which 4.6% was organic growth, 5.1% acquisitions and –3.8% changes in exchange rates.
- EBIT declined to SEK 1,098m due to weak demand, price pressure, and higher costs for raw materials and sourced products.
- Solid results were reported for Professional Products and Latin America. The acquisitions of Olympic Group and CTI were completed.
- Going forward, Electrolux aims to restore results by increasing prices, adapting cost structures, and implementing global operations.
Highlights of the second quarter of 2011. Net sales amounted to SEK 24,143m (27,311) and income for the period was SEK 561m (1,028) or SEK 1.97 (3.61) per share. Net sales decreased by 2% in comparable currencies mainly as a result of lower prices.
Highlights of the first quarter of 2011. Net sales amounted to SEK 23,436m (25,133) and income for the period was SEK 457m (911), or SEK 1.61 (3.20) per share. Net sales increased by 1% in comparable currencies.
Highlights of the first quarter of 2012. Net sales amounted to SEK 25,875m (23,436) and income for the period was SEK 559m (457), or SEK 1.96 (1.61) per share. Net sales improved by 10.4%, of which 3.5% was organic growth. The acquisitions of CTI and Olympic Group impacted sales by 5.8%.
Tim Solso, Chairman and CEO of Cummins, presented at Citigroup's 19th Annual Global Industrial Manufacturing Conference. Over the past several years, Cummins has delivered on its financial commitments, growing revenue significantly above targets and improving margins and returns. Moving forward, Cummins aims to further increase profitability, reduce debt, invest in growth opportunities, and deliver shareholder value through dividends and share repurchases. Cummins is well positioned for future success, especially in emerging markets like China and India, despite challenges like emissions regulations.
Tim Solso, Chairman and CEO of Cummins, presented at Citigroup's 19th Annual Global Industrial Manufacturing Conference. Over the past several years, Cummins has delivered on its financial commitments, growing revenue significantly above targets and improving margins and returns. Moving forward, Cummins aims to further increase profitability, reduce debt, invest in growth opportunities, and deliver increased shareholder value.
- Goodrich Corporation reported second quarter 2006 results, with sales growing 10% year-over-year and income from continuing operations increasing 30% to $81 million compared to second quarter 2005.
- The company raised its 2006 sales outlook to $5.75-5.85 billion and adjusted net income per diluted share outlook to $3.40-3.55 due to improved operational performance.
- All business segments saw sales and operating income increases compared to second quarter 2005, driven by higher commercial airplane original equipment and aftermarket sales as well as cost improvements.
- Goodrich Corporation reported second quarter 2006 results, with sales growing 10% year-over-year and income from continuing operations increasing 30% to $81 million.
- The company raised its 2006 sales outlook to $5.75-5.85 billion and adjusted net income per diluted share outlook to $3.40-3.55 due to improved operational performance.
- Segment operating margins improved across all segments (Engine Systems, Airframe Systems, Electronic Systems), driven by higher commercial airplane original equipment and aftermarket sales as well as cost reductions.
Financial Results for the Second Quarter and First Six Months 2012
1) For the second quarter, the company experienced 38% year-over-year sales growth but an operating loss of SEK -43.5 million due to non-recurring costs.
2) For the first half of the year, sales were up 51% year-over-year but the company reported an operating loss of SEK -55.6 million resulting from warehouse relocation costs and adjustments to their returned goods model.
3) While sales increased substantially, costs from strategic projects led to overall losses for both the quarter and first six months of the year.
Electrolux Consolidated results 2011 presentationElectrolux Group
Highlights of the fourth quarter of 2011. Net sales amounted to SEK 28,369m (27,556) and income for the period was SEK 221m (677), or SEK 0.77 (2.38) per share. Operating income amounted to SEK 1,441m (1,714), corresponding to a margin of 5.1% (6.2), excluding items affecting comparability and non-recurring items.
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.
Highlights of the third quarter of 2010. Net sales amounted to SEK 26,326m (27,617) and income for the period was SEK 1,381m (1,631), or SEK 4.85 (5.74) per share. Net sales decreased by 2.3% in comparable currencies.
1) Q1 2002 results were affected by lower insurance investment income due to CHF 0.9 billion in impairments on investment portfolio and CHF 154 million loss on Swiss Life investment.
2) Net operating profit was CHF 686 million, up 11% from Q4 2001 but down 60% from Q1 2001. Reported net profit was CHF 368 million.
3) Assets under management totaled CHF 1,407 billion, down 2% from December 2001 due to market movements and structural effects, partially offset by net inflows of CHF 13.5 billion.
Axfood reported stable earnings for the third quarter of 2012, with net sales increasing 3.5% to SEK 9,044 million. The operating margin was 4.1%, down slightly from 4.2% in the previous year. All of Axfood's business units saw positive results, with Hemköp reporting sales growth of 7.2% and Willys achieving its best third quarter result ever with a 1.4% increase in operating profit. Axfood aims to achieve an operating profit for 2012 at the same level as 2011 through continued sales growth, high levels of private label products, efficiency improvements, and investments in store renewals.
KGHM International reported earnings of $267 million for 2011 with adjusted EBITDA of $329 million, and ended the year with over $1 billion in cash. Production improved at the Robinson mine while the Morrison mine transitioned infrastructure. Construction at the Sierra Gorda copper project in Chile remained on schedule and on budget with production expected to begin in 2014.
1) SEB reported an operating profit of SEK 2.4 billion in Q1 2009, driven by strong net interest income which increased 40% due to falling interest rates.
2) Costs were well under control and unchanged on a comparable basis despite FX effects. A cost management program has reduced staff by 230 FTEs in Q1 2009.
3) The bank strengthened its position in merchant banking in the Nordic region and increased trade finance portfolio volumes by 77% compared to Q1 2007.
The document provides an overview of Tele2's financial and operational performance in the first quarter of 2010. Key highlights include robust results in the Nordic and Russian markets, with Sweden mobile revenue growing 3% and Russia achieving its highest ever EBITDA contribution. The Netherlands also performed well in the corporate segment. Overall, the group saw a 5% increase in EBITDA despite a 3% decline in net sales. Tele2 reiterated its strategic focus on growth in the postpaid segment and maintaining a long term mobile EBITDA margin of at least 35%.
Similar to Billerud Interim Report Q1 2012 presentation (20)
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
3. HIGHLIGHTS IN Q1 2012
• Increase in net sales and sales volumes vs. Q4 2011
• Operating profit of MSEK 142, 6% operating margin
• Non-recurring costs of MSEK 14
• Price cuts halted
‒ ~2% lower prices in local currency for packaging paper
‒ ~25 USD/tonne price increase for NBSK pulp in Europe
• Price increases announced for sack and kraft papers
• Lower wood costs
3
5. BUSINESS AREAS & SEGMENTS
PACKAGING &
SPECIALITY PAPER PACKAGING BOARDS
Kraft & Sack Paper S/C Fluting, Liner, Liquid Board
MARKET PULP
Nordic Bleached
Softwood Kraft Pulp
Note: Graph shows sales breakdown per business area for Q1 2012. 5
6. PACKAGING & SPECIALITY PAPER
Market situation in Q1 2012
• Improved order situation vs. Q4 2011
• Sack paper had higher order levels than normal while kraft
paper was at normal levels towards the end of Q1
• Price cuts halted
• 80 EUR/tonne in price increase announced from 1 June for
sack and kraft papers
6
10. MARKET PULP
Market situation in Q1 2012
• Pulp market improved vs. Q4 2011
• Price increased to ~850 USD/tonne at end of Q1 2012 from
~825 USD/tonne at end of Q4 2011
• Price increase to 870 USD/tonne announced for April
10
12. Q1 2012 IN SUM
• 10% increase in net sales due to higher sales volumes
(vs. Q4 2011)
• Operating profit of MSEK 142, 6% operating margin
• Non-recurring costs of MSEK 14
• Price cuts halted
• Price increases announced for sack and kraft papers
• Lower wood costs
• Closing of the deal with UPM-Kymmene anticipated to
take place in Q2 2012
12
15. OPERATING PROFIT BRIDGE Q1 2012 vs. Q4 2011
160
+69 +41 142
0
140
120
+37
100
MSEK
75 -56
80
60 -24
40
20
0
Operating Sales & Selling prices Effects of Change in Change in Change in Operating
profit production (in respective exchange rate variable costs fixed costs depreciation profit
Q4 2011 volumes* sales currency) fluctuations, Q1 2012
incl. hedging
* Includes product mix.
15
16. CASH FLOW GENERATION FROM OPERATION
MSEK
Q1 -12 Q4 -11 Q1 -11
Operating surplus, etc 298 238 481
Change in working capital, etc. 22 48 -301
Net financial items, taxes, etc. -202 -12 -181
Cash flow from operating activities 118 274 -1
Current net investments -155 -178 -82
Operating cash flow -37 96 -83
1) Minus equals increase in net debt 16
17. WORKING CAPITAL KEY RATIOS
Days sales outstanding Overdue WC as % of quarterly sales
70 6,0 70%
Working capital (excl. IAS)/quartely net turnover
60 60%
5,0
50 50%
4,0
% of total receivables
DSO days
40 40%
3,0
30 30%
2,0
20 20%
10 1,0 10%
0 0,0 0%
17
22. OUTLOOK
• The market shows signs of an upturn during the second quarter.
• The order situation in the packaging paper segments improved in the
first quarter, compared to the previous one, and had at the beginning
of the second quarter on average returned to normal levels. It is
anticipated that the order situation will remain good in the next quarter.
• Price cuts in the packaging paper segments halted during the quarter.
• Price rises have during the quarter been announced in certain product
categories and a price increase of 8-10% for sack and kraft paper was
announced after the end of the quarter, to take effect on 1 June 2012.
22
23. OUTLOOK CONT.
• Acquisition-related non-recurring costs will be charged to results in the
quarter in which the acquisition of UPM-Kymmene’s packaging paper
business will be completed. These costs are estimated to an additional
approximately SEK 15 million. Added to this figure will be non-recurring
costs, already disclosed, estimated at approximately SEK 22 million to
separate off the business acquired. The costs will accrue over the three
remaining quarters of the year.
• Wood prices are anticipated to be lower in 2012 than in 2011.
23
24. Q&A
We believe in embracing what is important to our customers, our company,
our employees and the environment. By always giving back more than we take,
we are building a company for future generations.
24