After flirting with bankruptcy last year, the group Technicolor, resulting from the safeguard procedure in February, comes in green in the first half 2010, despite a further decline in sales.
The Group's net profit was 96 million euros in the first six months of the year, while last year it posted a loss of 325 million euros. A benefit to be attributed mainly to reduced losses in the activities of the group arrested or held for sale, valued at 117 million euros in the first half. The former television manufacturer has refocused indeed, during the backup process that will emerge from the ashes of Thomson on the services of content creators for film, television and advertising. In the first half, net income from continuing operations amounted to further 213 million euros.
New Stuff
The turnover of Technicolor however continued to decline from 18.5% a year, to 1468 billion euros. The decline was however lower in the second quarter, from 12.4% to 776 million euros, showing an improving trend. The CEO of Technicolor, Frederic Rose, has indeed found "patterns of improvement and signs of recovery in most activities, and reaffirmed a target of growth of sales in the second half of 2010 no fax cash loans. "Our financial restructuring is now completed, we started to win the trust of our customers," he said.
Frederic Rose has given evidence for the conclusion of two contracts announced Thursday.Verizon has indeed signed a letter of intent for the provision of broadband residential gateways, while DirecTV has signed a contract extension for the supply of decoders.
Surrender of Grass Valley
The second half should also be more positive, with the sale of assets deemed non-strategic. The group had announced in early July the first major sale of its loss-making with the sale of Grass Valley, into three pieces. The first part has already been the subject of a transfer agreement with the U.S. private equity group Francisco Partners. For other assets, "progress is expected before the end of the year," said Frederic Rose.
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The markets expected better from Google. The U.S. computer giant on Thursday posted a sharp rise in net profit and turnover for the second quarter. But net profit rose less than expected by analysts. "This is the result of a maturing society which is still growing and still has growth before it," said analyst Jon Ogg on 247Wallst.com. So much so that in electronic trading after-hours trade on Thursday, Google stock lost about 4% to 474.50 dollars.
The net profit up 24.3% over the year totaled $ 1.84 billion for the second quarter. But compared to the number of shares and excluding exceptional items, it is up to $ 6.45, while analysts were expecting 6.52."The trend over the results Google is disappointment," notes Jon Ogg, noting that it was the second time in three months that Google stock back to the publication of its quarterly results.
S & P welcomes financial profile "solid" by Google
But out of Google, we preferred to emphasize a "solid" second quarter. "We saw strength in key product categories, more and more traditional advertisers are putting advertising in the search engine, and major advertisers increasingly launching integrated campaigns among advertising research, picture ads and ads on mobile devices, "said Eric Schmidt, CEO of Google, said in a statement. Performance also welcomed by the rating agency Standard & Poor's on Thursday gave Google a "AA-", the fourth highest grade with a stable outlook.S & P praised the "extremely strong financial profile and strong leadership in its sector" of Google.
The turnover of the group has indeed risen from 24% in one year, 6.82 billion dollars, exceeding expectations. For the first three months of the year, revenues showed an increase of 1%, while several analysts were expecting a decline. In fact, revenues have declined only in Great Britain. A decline offset by growth in other areas, In particular with Brazil, India, Russia and "even in France," the company said.
Google made to continue to invest "heavily"
In a teleconference with analysts on Thursday, Chief Financial Officer Patrick Pichette said Google's presence in all segments of Internet advertising. For him, YouTube has become "a must" for advertisers, and "a great event for us."His analysis has been shared by some of his audience. "We believe that the current markets and future of Google, in research on computer sets and telephones, picture ads and YouTube, have sufficient opportunities for growth and revenue to generate a positive return on investment", believes Mark Mahaney, an analyst at Citigroup.
A strategic partnership with Omnicom
The CFO of Google has also used the conference to announce a strategic partnership with the advertising group Omnicom in the field of comic inserts. Advertising group agrees to purchase advertising space for clients to hundreds of millions of dollars. In exchange, Google will build with Omnicom platform buying and selling advertising.The software giant plans to "continue to invest heavily" by the end of the year. ALSO READ:
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The decline in registrations in France in June already gave an overview of the state's automobile market throughout the European Union (EU). The European Automobile Manufacturers Association (ACEA) has confirmed on Thursday the downward trend by announcing a 6.9% decline in registrations in the EU. In total, 1,341,092 vehicles were registered in June
For June alone, the largest drops are collected by Slovakia (-40.6%), Greece (-39.3%) and Bulgaria (-32.1%). In addition to these countries is Germany, the largest European car market, with a decrease of 32.3% to 289,259 vehicles registered. France, second largest market, recorded a decline of 1.3% lighter.To explain this phenomenon, ACEA highlights the end of support measures for the sector, including the scrapping bonus.
The largest increases were reported in Ireland (75.8%), Portugal (62.5%), Finland (54.6%) or Spain (+25.6%) and United Kingdom (+10.8%).
A new face to face. And this, for the third time since 2001. Airbus and Boeing had 14 hours until today to submit their proposals to the Pentagon to get the first installment of the fabulous contract renewal of the fleet of tankers U.S.. Or 179 tankers for about 40 billion dollars out of a total of over 400 aircraft in exchange for a check of more than 100 billion dollars.
The two rivals have delivered boxes and boxes of documents 8800 pages for EADS Air Force Base Wright-Patterson U.S. Air Force in Ohio. The Pentagon said it would issue its final decision on Nov. 12, after the midterm elections in Congress. Contrary to some rumors, there was no third deposit offer from the Ukrainian Antonov.
The ultimate battle for the tanker has begun.Airbus (2008) and Boeing (2003) have each won once this contract before it is canceled. In March, EADS had been forced to throw in the towel after the abandonment because of "biased competition" in favor of Boeing Northrop, its American ally at the time.
Convinced that his offer and his plane are the best and deal with the Pentagon's commitment to open competition "fair and transparent," Louis Welsh, president of EADS, has decided to descend into the arena. EADS proposes the KC-45, a military derivative of the long-haul A330. This unit has successfully completed numerous flight tests and has won every competition in the world including in Britain and Australia with two KC-45 must be delivered by the end of the year.Facing him, a derivative competes with Boeing's Military B 767, a paper airplane that does not exist yet.
48,000 jobs
EADS has provided a list of its 200 U.S. allies including some key partners for the militarization of the aircraft. Among them, the first is Rockwell Collins, a specialist in avionics and electronics, as announced by the letter AeroDefenseNews. This group of 4.5 billion dollars in sales, is a longtime supplier to Boeing and its … B767! Rockwell Collins provides the avionics include weather radar and the B 767-200. But it is also an expert in military electronics, which are sensitive equipment aboard the C-130 transport aircraft from Lockheed and the KC-135 Boeing.GE Aviation, Honetwell, Hamilton Sundstrand, Goodrich or agreed to engage behind EADS which the Pentagon has recognized as prime contractor (prime contractor). If its bid is successful, EADS to build an assembly plant in Mobile, Alabama. He believes that his project will create 48,000 direct and indirect jobs with the outsourcing to the United States.
EADS Has a chance to win and achieve the American breakthrough he has been waiting long? Many questioned both the military contracts are in final political decision. The price will determine the Pentagon said, putting pressure on the two groups. EADS has already said he would not take a contract loss
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The strong growth of the Carrefour share continues. After gaining nearly 3% Monday to close the Paris Bourse, the title was up 1.39% to 33.53 euros to 11.45, in a market that climbed 2.65%.
If the information has not yet been confirmed by Carrefour does not wish to comment, the group would indeed begun selling its operations in Thailand (550 million euros turnover in 2009 ), Malaysia (300 million euros of turnover) and Singapore (80 million euros of turnover), according to Reuters. "I would not reconsider our position on a number of emerging markets where the potential is not important," said Lars Olofsson, Executive Director of Carrefour, Le Figaro last January. These transfers could bring him some 800 million euros.
"Carrefour has too dispersed"
"These operations will confirm Carrefour to focus on China (3.5 billion euros in turnover in the first quarter of 2010, Ed), Taiwan (1.3 billion euros of turnover) or Indonesia (800 million euros of turnover), "said an analyst of CM-CIC Securities specialist value. He added: "These markets like Mexico, Chile, Japan, South Korea or Switzerland, which Carrefour has withdrawn, were either uninteresting or markets where the group has rapidly exceeded by its competitors. Carrefour was too dispersed. According to the analyst, other distributors present in Asia as Tesco and Casino would be interested, or even private equity investment based on the evolution of debt markets and mergers and acquisitions.The Casino has wished to make any comment.
Carrefour wants to "re-enchant the hyper"
To boost sales of its hypermarkets, the group plans to create new concepts. As part of its "hyper-enchantment" Carrefour should delegate its rays to Virgin Music, according to the magazine Challenges. By outsourcing this department to a specialist, the group hopes to attract more young people into its stores. A first test will be done in the store Venissieux. And if successful, the contract could be extended to 238 Carrefour hypermarkets, and cover all rays non-food, whose sales have fallen 5% in 2009.
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A significant number of European institutions is convalescing. Analysts estimate that more than twenty banks will be forced to raise over 30 billion euros, following testing of resistance. These tests, which must be published in late July, are expected to account for the ability of banks to support economic and financial extremes, particularly in case of new write-downs.
Already there are signs the sector's difficulties. Yesterday, the banks have asked for more cash than expected from the European Central Bank (ECB), illustrating the fact that institutions are unable to refinance them, and cast doubt upon the state of their balance sheets.Thus, after a special term refinancing operation of the ECB, 78 banks have borrowed just over 243 billion euros.
The concern germany
The latest statements by Axel Weber have also sowed doubt. The governor of the Bundesbank, Germany's central bank – has in fact asked to German institutions to raise funds to prepare for emergencies, in case they would not pass stress tests. The German regional banks, and Monte dei Paschi and Banca Popolare di Milano in Italy, Banco Popular in Spain or the Greek settlements, Portuguese or ireland would be most vulnerable.
INFO LE FIGARO – The defense saved the day during the budgetary decisions. According to our information, the budget of this department will be frozen in 2011. But it will increase by 450 million euros in 2012 and 500 million in 2013. From 2011 to 2013, allocations to the Defence grow by 3.1% in value, while the overall amount given to departments fall of 0.2%.
However, the Defence should have more, $ 3.5 billion over three years if the military budget law, which was planning an increase in expenditures had been met. But the roadmap is no longer tenable given the magnitude of deficit payday loans for self employed. In addition, Defence will recover about $ 2 billion windfall, thanks to the sale of real estate and radio frequencies.Result, the department will not have to increase efforts at downsizing. Neither cutting into programs renegotiated in 2009 as the multimission frigates Frem or equipment Felin infantry (even if the payment could be later). However, some programs not yet started should be deferred. And the operating budget will be reduced.
Unoccupied for ten years, the site of the former Laennec Hospital in Paris will be revived. Saturday, Cogedim Altera marketing program will launch the most ambitious of the seventh arrondissement last fifty years. The site covers almost 4 acres close to the Bon Marché in one of the smartest districts of the capital where the promoter included the creation of 191 homes and 17,000 m2 of offices, all on 14,000 m2 of green space.
The difficulties of implementation have been the height of the project. It took ten years for the developer to start marketing. Meanwhile, he faced a succession of setbacks, including cancellation of permission by the administrative court finally allowed reinstated last year by the Court of Appeal.
The nine square meter the most expensive in Paris
Originally, the land was purchased for 80 million euros.On this site, twelve buildings will be constructed along the streets of Sevres and Vaneau. The size of apartments range from slightly less than 30 to 240 m2 and prices cover a wide range: they start at 9700 euros per m2 to over 20,000 euros per m2 for the most prestigious apartments. What constitutes a record in the new in Paris. "In contrast to traditional family apartments one hundred square feet, prices are equivalent, once updated, with programs of the sixth or seventh districts at the end of the previous cycle," notes Christian de Gournay, the chairman of Executive Cogedim. Delivery is expected in the third quarter of 2013.
Two buildings housing must be built and a student residence, a residence for the elderly (EPAD) and 4200 m2 of shops.The historic buildings, including the two wings of the old hospital, which represent cross of Jerusalem, will be converted to office with the insurance group Allianz owns. As for the hospital chapel built by Louis XIII and classified, it will be exhibitions or host events.
Fifty or advance bookings have already been made. "These are French, including provincial seeking a pied-à-terre. We have virtually no advance bookings by foreigners, "says Christian de Gournay. The left bank of Paris 7, the official name of the program, wants a "new neighborhood in the city."The former home garden of 3500 m2 will also traveled to Paris and open to the public.
In 2010, Cogedim launch 84 programs in France and expects 350 new homes sold in Paris, a sign that the stone is once again a safe haven.
Christian de Gournay, who wants to make the third Cogedim French promoter, provides 1.2 billion euros of reservations this year (+80% compared to 2007). Prospects that delight its shareholder. "We welcome the redemption Cogedim three years ago. Our presence in the residential property market contributes significantly to the cash flows of the group, "said Alain Taravella, the founding president of the land Altarea Cogedim.
Five days after the beginning of the G20, which will be held in Toronto, France and Germany called on Monday to unity. In a joint letter to Canadian Prime Minister Stephen Harper, Nicolas Sarkozy and Angela Merkel, calling on the G20 to "remain united to face the new challenges." A call that came after Russia was added, this Monday, the list of opponents to the introduction of a tax on banks.According to Arkady Dvorkovich, the Russian sherpa, other countries as "Canada, Australia, China and India" share the fears of Russia.
Penalties "proportionate and coordinated"
As they had said after their meeting early last week in Berlin, France and Germany believe that much remains to be done to ensure financial stability, "while the economic recovery could be threatened by new financial strains "
Among the many issues discussed, the issue of sanctions against countries "uncooperative" in the exchange of tax information or suspicion of money laundering.In this area, France and Germany want the G20 to go further this time by defining sanctions "proportionate and coordinated" against those countries and asked the OECD, which was published in early 2009 a list of countries targeted, the update in time for the summit in November 2011 in France.
They also want the Financial Stability Board (FSB) broadcasts before the end of 2010 a list of financial "who refuse to cooperate and comply with international standards for prudential" bad credit payday advance.
Nicolas Sarkozy and Angela Merkel address two other issues of topical hottest, new prudential regulations for banks and regulation of financial derivatives markets over the counter.
Prudential "selected and calibrated"
For the former, they believe they should be "selected, calibrated and implemented so as not to jeopardize the economic recovery." They wish they were not introduced before the end of 2012, "by leaving adequate transition periods and appropriate protective clauses.
Derivatives was, they called for an acceleration of "the implementation of strong measures" to improve transparency, notably through mandatory reporting of all transactions in central databases, trading on regulated markets and use of clearinghouses.
They also want an answer "coordinated" with the specific challenges posed by the markets of CDS (credit default swaps), derivatives used to hedge against risks of default of a borrower whose responsibility has been questioned by politicians in the debt crisis in Greece.
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The 2009 winter was mild for the group Club Mediterranee. During this semester, the first of its 2009-2010 fiscal year, the leisure group has indeed returned to profitability, generating a net profit of 3 million euros. Last year at the same time, it showed a loss of 22 million and in 2008, the winter had ended on a loss of 9 million euros.
The Group's turnover decreased by 5.5% during the winter of 2010 compared to the same tourist season in 2009. This decline reflects a market "sluggish" and the impact of the ash cloud generated by the volcanic eruption in Iceland, which paralyzed air traffic in April, the company said in a statement released Friday. This damage has impacted the group's net profit amounting to 5.6 million, including 3.7 million on operating profit (OCR) Activity Village.The ROC Villages is nevertheless clear to 28 million euros in the first half, marking an increase of 16% compared to winter 2009. The ROC Heritage rebounded, but remains negative: operating loss from this activity on a year from 20 million to three million.
The EBITDA margin of villages has increased by 3 points in four years, and now stands at 9.1%. The decrease in revenue per available bed (-5.7%) due to the decline in occupancy rates, which fell by 4.3 point. The average price of the day hôtellerière has indeed maintained: it stood at 146.40 euros, down 20 cents compared to prices recorded during the winter of 2009.
At the end of the half year, Club Med displays a cash balance of 21 million euros, against a borrowing of 18 million last year at the same time.Proceeds from disposals have reported that Club Med 2 million euros, an amount six times less than that received from sales of assets during the first half of 2009. The group's net debt has been pared down over 30% in one year, to $ 218 million.
Accelerating China
Club Med said it will accelerate its development in China this year, reaching 30,000 clients in the country and become "the leader of high quality vacation all inclusive. Chinese customers has grown 40% in winter 2010 compared to the same period in 2009.
Club Med will open its first holiday village in China "in November as scheduled. After this site that must leave land to Yabuli "famous ski resort in the north-east, four holiday villages should be built in China by 2015.At that time, Club Med is 200,000 customers in China. To achieve this goal and "to strengthen its development," the group says it "led discussions on an industrial partnership with a Chinese group."
Club Med is expecting a good summer
The Summer is also favorable for the group. Welcomed the results of winter, Henri Giscard d'Estaing, the CEO of Club Mediterranee, underlines that "the level of bookings was already showing the number of customers higher than last summer due to late booking. Bookings have increased 18% and over the last eight weeks. During the period, bookings have increased by 11.2% in Europe, 40.4% in the Americas and 42% in Asia.
The total volume to date of summer bookings remains "online" (-0.9%) with their level at the same time last year.Europe attracts fewer (-4.4%) while America and Asia recorded an increase in demand, respectively 13.8% and 18.1%.
Club Med says he will continue to move upmarket its holiday villages, so that two thirds of the accommodation capacity of the group are four or five "tridents", synonymous with luxury Club Med.
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