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financial results

February 29, 2012

Family businesses Bouygues, Luxottica and Sun Hung Kai Properties each announced positive financial results yesterday, but French industrial conglomerate Bouygues warned that increased competition could hit its telecoms division in 2012.

Family businesses Bouygues, Luxottica and Sun Hung Kai Properties each announced positive financial results yesterday, but French industrial conglomerate Bouygues warned that increased competition could hit its telecoms division in 2012.

In a statement released on 28 February, the Paris-based company, which is 29.6% controlled by the Bouygues family, said revenues increased by 5% in 2011 to €32.7 billion, from €31.2 billion in 2010.

July 26, 2011

Luxottica, the world’s biggest eyewear group which is majority owned by the Del Vecchio family, announced record second-quarter results, buoyed by strong global demand for luxury brands.

Luxottica, the world’s biggest eyewear group which is majority owned by the Del Vecchio family, announced record second-quarter results, buoyed by strong global demand for luxury brands.

The Milan-based company said on 25 July that its sales for the second quarter rose by almost 2.5% to €1.63 billion, up from €1.59 billion for the same period in 2010.

December 1, 2010

Remy Cointreau, the family-owned drinks company, has seen profits decline drastically for the first half as its Metaxa spirit suffered from Greece’s debt crisis.

Remy Cointreau, the family-owned drinks company, has seen profits decline drastically for the first half as its Metaxa spirit suffered from Greece's debt crisis.

Remy Cointreau's group net profit for the six months ending 30 September 2010 stood at €14.1 million, a 65% decrease on last year's €39.8 million. In a statement the group said the decline was "principally due to the highly unfavourable impact of the decline in Metaxa's sales in Greece."

November 30, 2010

Porsche Automobile Holding SE, the family-controlled parent company of the carmaker Porsche, announced 29 November that it has returned to profit for the first three months of its fiscal year.

Porsche Automobile Holding SE, the family-controlled parent company of the carmaker Porsche, announced 29 November that it has returned to profit for the first three months of its fiscal year.

In a statement, Porsche said it has generated a net profit of €155 million for the three months from 1 August 2010, compared with a loss of €413 million for the same period in 2009. 

November 5, 2010

Toyota Motor Corporation, the family-controlled automaker, announced 5 November it has raised its full year forecast based on strong first half results.

Toyota Motor Corporation, the family-controlled automaker, announced 5 November it has raised its full year forecast based on strong first half results.

The Japan-based company recorded revenues of 9,678 billion yen (€84 billion) for the six months ending 30 September, an increase of 15% on the same period last year, and operating income of 289 billion yen.

October 27, 2010

Ford Motor, controlled by the Ford family, said net earnings were $1.7 billion in the third quarter, an increase of $690 million.

Ford Motor, controlled by the Ford family, said net earnings were $1.7 billion in the third quarter, an increase of $690 million.
 
The Detroit-based carmaker said the strong performance brings the company's net profits in the year to date to $6.4 billion, compared with a loss of $14.6 billion in 2008.
 
Despite the improved profitability, Ford is still grappling with a high debt burden totalling $26.4 billion at the end of September.
 

October 6, 2010

Family businesses are opening up their books for scrutiny – or at least two are: Ikea and Schaeffler, writes David Bain.

Family businesses are opening up their books for scrutiny – or at least two are: Ikea and Schaeffler, writes David Bain. 

Swedish Ikea, one of the more secretive family businesses, decided to publicly disclosed its profit for the first time in its 67-year history.

Mikael Ohlsson, Ikea's chief executive, said in early October that the decision was taken in response to demands from employees and suppliers for more information.

September 13, 2010

Associated British Foods, the food and retail group owned by the Weston family, announced 13 September that trading for the second half had risen substantially and that it expected strong full-year results for the year ending 18 September.

Associated British Foods, the food and retail group owned by the Weston family, announced 13 September that trading for the second half had risen substantially and that it expected strong full-year results for the year ending 18 September.

September 6, 2010

Pernod Ricard, the Paris-based drinks group, recorded a rise in profits in 2009/10 despite seeing a slight drop in revenues.

Pernod Ricard, the Paris-based drinks group, recorded a rise in profits in 2009/10 despite seeing a slight drop in revenues.

Reporting its full year results on 2 September, the world's second-largest spirits group by sales said net profit had risen by 1% to €951 million for the year ending 30 June, but saw revenues fall by 2% to €7 billion. Its results were helped by an overall reduction in debt and strong growth in Asian markets.

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