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financial results

April 28, 2010

Further evidence that businesses are beginning to turn the corner has been provided three family companies this week, all of which have reported stronger than expected growth for the first quarter of 2010.

Further evidence that businesses are beginning to turn the corner has been provided three family companies this week, all of which have reported stronger than expected growth for the first quarter of 2010. 

March 19, 2010

Fashion group Inditex, controlled by billionaire Amancio Ortega and his family, gave its most upbeat economic outlook for two years this week as it reported an increase in net income of 5% for 2009.

Fashion group Inditex, controlled by billionaire Amancio Ortega and his family, gave its most upbeat economic outlook for two years this week as it reported an increase in net income of 5% for 2009.

The Spain-based group opened 343 new stores in 2009, 98% of which were outside the domestic market, and reported a net income of €1.3 billion. This increase was particularly prominent in the Asian market where sales accounted for 12.2% of total sales, compared to 2008 where they were 10%. 

March 4, 2010

AP Moller–Maersk, the Danish conglomerate controlled by the McKinney-Moller family, reported a net loss for 2009 of $1 billion, its first since at least the Second World War.

AP Moller–Maersk, the Danish conglomerate controlled by the McKinney-Moller family, reported a net loss for 2009 of $1 billion, its first since at least the Second World War.

In its annual report released today, the company recorded revenues of $48.5 billion compared to $61.2 billion in 2008. The report said the company had been seriously affected by economic crisis, the decline in world trade and global oil consumption and the difficult market conditions in general.

February 4, 2010

Toyota Motor Corporation, the family-controlled carmaker, today said it hopes to return to profit this year despite the heavy losses it is currently suffering due to the recalls of many of its models.

Toyota Motor Corporation, the family-controlled carmaker, today said it hopes to return to profit this year despite the heavy losses it is currently suffering due to the recalls of many of its models.
 
The Tokyo-based business said it hoped to make a net profit of $880 million for the 2010 financial year, an increase on the forecast from November 2009 which predicted another loss for the family-controlled company.
 

February 3, 2010

The family-owned fast-food chain Chick-fil-A reported its 42nd consecutive year of growth when it announced its 2009 results yesterday.

The family-owned fast-food chain Chick-fil-A reported its 42nd consecutive year of growth when it announced its 2009 results yesterday.
 
The US-based company, still privately owned by the founding Cathy family, announced 2009 sales of $3.2 billion, an increase of 8.6% on 2008 results. The company's sales have grown every year since it was founded by S Truett Cathy in 1967.
 

January 28, 2010

The release of full year financial statements by some of the world’s largest family companies reveal a diverse range of fortunes for both the businesses and their founding families.

The release of full year financial statements by some of the world's largest family companies reveal a diverse range of fortunes for both the businesses and their founding families.

Ford, the family-controlled automaker, today posted better-then-expected full year results, recording a pre-tax operating profit of $454 million – its first for four years. This figure represented a $7.3 billion improvement on last year's losses which totalled nearly $15 billion. 

January 27, 2010

McGraw-Hill Companies, the family-controlled publisher, announced yesterday better than expected earnings for the fourth-quarter of 2009.

McGraw-Hill Companies, the family-controlled publisher, announced yesterday better than expected earnings for the fourth-quarter of 2009. The company was helped to profit by the sale of one of its flagship titles, Business Week, and a recovery in the fortunes of the ratings agency Standard & Poor's.
 

November 12, 2009

Porsche SE, the family-controlled sports-car manufacturer, announced it has made a loss of €4.4 billion for the 2008/09 financial year.

Porsche SE, the family-controlled sports-car manufacturer, announced it has made a loss of €4.4 billion for the 2008/09 financial year.
 

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