Sales declined 6% over the same period of 2001 to Poligrafica SF, which closed the second quarter with a turnover of 6.94 million euros. Gross operating profit (EBITDA) stood at 0.72 million euros, while the operating income goes into the negative by 0.85 million. Net financial position in the red for 3.25 million euros compared with 3.85 million in March. A sale of 2% to 31 euros.
Emak in the second quarter of 2002 recorded a turnover of 42.9 million, in line with a year earlier, and EBITDA of 7.5 million, up 11, 9%. Profit before taxes reached 5.1 million (+15.9%).
The financial debt of the 35 largest industrial groups listed on the Milan Stock Exchange in 2001 increased by 10.3% to 172.42 billion euros and its costs, despite low interest rates, rose by 35%. And ‘what emerges from R & D studies issued by the Office of Mediobanca. The study also warns that if there is a lively end of year recovery for the likely growth rates will weigh on economic accounts. Again the analysis shows that the profitability of the groups to public scrutiny, however, is improved by 19.7%, for a net profit of 11.7 billion.
The run-up to the casket of accapparrarsi Freedomland is already taken. The takeover bid launched by Interactive is accompanied by an endless series of rumors and denials such as to arouse the attention of Consob. Among the various hypotheses yesterday has found its way also to a bid by the Group Profit, however voice resized by the company.
The Bank HSBC business has raised its recommendation on the sector of oil and gas in Europe, from Neutral to Overweight. The reasons for the upgrade to be found in the reasonable assessment of the oil groups, in the soundness and transparency of profits, the power budgets despite weak demand. Estimates earnings per share were raised an average of 5% for 2002, but lowered by the same percentage for 2003.
wander off-road four-wheel, while in France the two listed securities have a balanced road holding. Despite the confirmation of the annual goals (profits before tax to EUR 4 million), Volkswagen is currently hindered the stock market and loses 4.81% to 31.8 euros. Same trend for BMW that leaves at ground level from 3.4% to 38.59 euros, while DaimlerChrysler sells 2.1%. Positive both in soil Renault (+0.47%) and Peugeot (+0.2%).
These are the titles in motor vehicle weighing more German Dax index guide 30. The decline is more pronounced for DaimlerChrysler, which marks -4.45% to 44.05 euros. On the title weighs the possibility that the subsidiary Chrysler is once again due to concerns about its accounts. In particular, deep discounts on some models made in the U.S. could erode profit margins. In sharp downward also exchange Volkswagen (-3.23%) and BMW which leaves at ground level from 2.12%. Weigh the entire sector is also the downward revision made yesterday by Morgan Stanley.
Travel in sharp contrast with other European players, the company led by Fedele Confalonieri. Mediaset is in fact yielding 0.5% with the title changing hands at 8.37 euros. Remember last Friday, however, that Mediaset had scored an increase of 3.3% in the market is firmly placed downward.
The uncertainty of world markets leads many experts still maintain a cautious view. “Our sentiment is quite negative in the short term,” said Stefano Vitali, manager Gestielle, “Despite the impact of the signs of recovery in the U.S. we see that companies are unable to increase their profits. Evaluations of Titles remain high and the same defense is no longer cheap. The market has no big reason to go up, except on the basis of some technical rebound. The weakness of the dollar could continue to fund other areas like Japan, which could go a little better ” .
“You know he won across the board, leaving no room for the Florentine company,” said an analyst of a SIM in Milan who prefers not be named. “Can you be born a great, despite the name chosen, which will Fondiaria-Sai.” The ‘talking heads’ of the group will in fact all of the company’s adoption of Turin: the CEO of the merged entity will be Carlo Ciani, former ad Sai, who will also reflect the general manager Marchionni, who will take the same position in the new company. Roberto Gavazzi offered the vice presidency, “which amounts to a substantial exclusion from the control room,” continues the analyst. “Gavazzi, in my opinion, might not take the job, given the downsizing.” The board will consist of 11 members, half and half of expression Sai Fondiaria, plus an independent director. The only consolation for the Florentines: the headquarters will be in Florence. The merger will not be so fast, “and Richieri, including the convening of extraordinary meetings, implications and consequences, even six months. In the meantime I do not think the titles will have a wide appeal, as the new group, born with a burden of debt latent and tired to the battle as a whole must demonstrate profitability and development, “concludes the analyst.
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