SIEMENS EARNS MORE

Siemens AG (FRA:SIE) has closed its fiscal year to meet the key financial targets it had set.

Siemens had a net profit of 7,380 million euros in its last fiscal year, which ended on September 31, 34% more than the previous, announced today the German industrial group.

The company explained that this result, included sales of 3,000 million euros of its hearing aid division and its participation in the manufacturer Bosch und Siemens Hausgeräte (BSH) appliances.

President and CEO of Siemens, Joe Kaeser, was pleased, in a statement, by the end balance obtained by the company at the close of September 31: “We have achieved what we promised and we are well positioned to continue to meet our plans for next year. “

Gross profit (EBITDA) of the company rose by 3% compared to last fiscal year, standing at 9.825 million euros.

The turnover of Siemens in fiscal year reached 75.636 million euros, representing an increase of 6% over the previous year.

The order book in this period also increased by 6% to 82,340 million euros, the company indicated in presenting its balance sheet.

Industrial net debt of the German conglomerate, meanwhile, went from 1,390 million in September 2014 to 6,107,000 euros at the end of September.

The free cash flow during the year stood at 4,700 million euros compared to 5,200 million in fiscal 2014.

The board and the supervisory board of Siemens will propose to the shareholders to distribute an earnings per share of 3.50 euros for this fiscal year, compared with 3.30 euros the comparison period.

ALSTOM IN INDIA

Alstom SA (EPA:ALO), the industrial giant has been awarded a contract to build electric locomotives in India.

Alstom has won in India one of the largest contracts in its history, the supply of 800 electric locomotives in the amount of 3,000 million euros, the French multinational informed.

The request for the company Indian Railways, will be supplied form gradually between 2018 and 2020, and is part of the ‘Make in India’ plan of government of the country.

The contract involves the installation by Alstom of new production facilities in India. Specifically, it raises Madhepura factory in the state of Bihar, and two maintenance shops in the State of Maharashtra.

Alstom believes that this order marks a “new stage” for the company in the Indian market, where it already has several factories in the country.

The company will supply to India the locomotive ‘Prima’, an apt for freight and passenger transport vehicle and has the capacity to travel 120 kilometers per hour.

ALIBABA BREAKING SALES RECORDS

Alibaba Group Holding Ltd (NYSE:BABA) the chinese e-commerce giant, has obtained a total of 14,300 million dollars (13.332 million euros) on “Day of Singles”.

This figure surpasses its own record of last year, when a turnover of 9.340 million dollars (8.729 million euros), according to the multinational.

The holiday of “Day of Singles”, held in China every November 11th as opposed to “Valentine”, represents the biggest shopping event ‘online’ exceeding the volume of sales through Internet phenomena such as Western consumerist the “Black Friday” and “Cyber Monday”.

Alibaba.com said that in the first 18 seconds of the “Day of singles” in China had reached a transaction volume of 15.72 million dollars.

Thus, the Chinese company needed only 12 minutes to reach a turnover of 1,570 million dollars, after the first hour of the event and totaled 3.890 million, an amount 73.8 % were transactions via mobile devices.

Thus, in just 90 minutes, Alibaba.com had achieved a turnover of more than 5,000 million, of which 72% were transactions through mobile devices. “

Daniel Zhang, CEO of Alibaba Group, stressed that China has transformed multinational 11.11 “in a shopping experience through mobile unprecedented.”

The executive said that every 11.11 tests Alibaba infrastructure, recalling that last year the company was able to process 80,000 orders per second at the time of greatest activity.

11.11 purchase festival began in 2009 with 27 market participants as an event for customers and dealers are reconciled online with Tmall.com.

The celebration, which in recent years has become one of the main events for consumers in the Asian giant that take advantage of discounts applied by companies, has allowed Alibaba.com beat all sales records ‘online’.

Alibaba received in the second quarter of its fiscal year, ended September 30, net profit of RMB 22.754 million, almost seven times more than RMB 2.976 million, while its turnover amounted to 22.171 million RMB , 31.7% more than the 16.829 million RMB last year.

In the whole of the first six months of its fiscal year, the company founded by Jack Ma earned a net profit of 53.597 million RMB. 3.5 times more than a year ago, while its turnover rose by 30.1 % to 42,416,000 RMB.

CISCO EARNS MORE

Cisco Systems, Inc. (NASDAQ:CSCO) presented a net profit of 3.024 million dollars, an increase of 7.9% over the first quarter of the previous fiscal year.

The technology firm announced that in the first quarter of its fiscal year had a net profit of 2.430 billion, 37.1% more than in the same period of the previous fiscal year.

In reporting its results for the first quarter of fiscal 2016, Cisco reported earnings per share were 48 cents, up from the 35 it had in the first quarter of its fiscal year 2015.

The adjusted earnings per share was 59 cents, above the 54 cents it had in the first quarter of its fiscal year, as reported by the company by providing financial information to the close of trading on Wall Street.

The company said that in the quarter ended October 24 last sales revenue reached 12.682 million dollars, 3.6% more than in the first quarter of its fiscal year 2015.

Cisco, based in San Jose (California), one of the leading manufacturers of computer equipment, announced that its forecast for the current quarter will reach 2%, below 5% expected by analysts.

HERMÈS INCREASES SALES

Hermes International SCA (EPA:RMS) recorded a turnover of 3.443 million euros in the first nine months of 2015.

The French firm of luxury fashion and accessories highlighted sales improvement in all regions. The most notable increases were in their divisions of Asia and Europe, where they totaled 1,648 and 1,131 million euros respectively, representing an increase of 23% in the Asian region and 10.8% in Europe compared with the previous period.

Meanwhile, the turnover of the company amounted to 1.143 million euros in the third quarter of 2015, up 15.4% compared with the 991 million euros earned in the previous year. In particular, the turnover increased by 15.1% in Asia and 15.8% in Europe, to 526 and 396 million euros respectively.

On the other hand, the French company emphasizes that in late September currency exchanges were very favorable for the company, which has represented a positive impact of 298 million euros in revenues.

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HARLEY DAVIDSON RESULTS

Harley-Davidson Inc (NYSE:HOG) the American motorcycle manufacturer is facing a dangerous downhill.

The third quarter results certify their stagnation. and while Europe and Asia pull sales, that is not enough to offset the fall in the US. The value on Wall Street is at 2012 levels.

Harley-Davidson continues rolling down the roads around the world, but slows at home in the US. Keith E. Wandell, head of the Milwaukee firm until last May, and I saw it coming. The business has remained strong early in the year, despite the “headwinds”. These winds refer to the benefit of the motorcycle manufacturer, which has begun a dangerous downhill. In the third quarter of 2015 it entered 1,320 million versus $ 1,300 million in the same period last year, but the benefit has been cut by 7.6% to 140.3 million dollars, compared with 150.1 million 2014.

Matt Levatich, is the president and CEO of Harley-Davidson since May.

The disappointment in the company is palpable. “This third quarter has not developed as expected,” said Matt Levatich, new president since May. In two days, Wall Street punished Harley-Davidson (HD) with its biggest drop on the stock market (-16.45%) since the beginning of the crisis, returning to action November 2012 values, $ 47.03.

These bad figures confirm the negative trend in the numbers of HD, that so far this year posted a net profit of 710 million dollars (645 million euros), 7.8% less than in the same period of 2014.

Levatich said: “This strong competitive environment will continue” and that the brand will increase investment in marketing and new product development.

The sales increase this quarter in Europe, the Middle East and Africa-in the environment of 2.4% and 5% in Asia not offset the fall in the US, which has been almost 2.5%, and 1% in the rest of the world, driven by Latin America, where sales fell 11%.

In this situation we add that, in recent times, his rivals in the domestic market have a strong policy of discounts on their models, with very aggressive offers as low interest loans, and even subsidized repurchase of models in exchange for the new. Add to this the increasingly strong position of the dollar against the euro is added, and the yen does not help, the mix is served.

But, according to market sources, Harley-Davidson is not willing to compete on price, something the industry segment thanks. And he is not willing to do even though it has had to revise downwards its sales forecast for the year to 265,000 / 270,000 units compared to 276,000 / 281,000 initials.

The drop in sales in the US and the dollar’s strength against the euro and yen hinder their business.

In addition to increased marketing items and development of models, Harley-Davidson plans to spend this last quarter, about 30 or 35 million dollars to reorganize the company, which would also include a number of layoffs.

Read more:

http://investor.harley-davidson.com/phoenix.zhtml?c=87981&p=irol-irhome

 

EXXON MOBIL INVESTIGATED IN NEW YORK

Exxon Mobil Corporation (NYSE:XOM) lied to investors and the general public about the risks of climate change by 2014, and the New York Attorney General is investigating.

The New York Times citing people familiar with the investigation said that the state Attorney General Eric Schneiderman, asked Exxon Mobil financial records and emails.

The investigation covers nearly 40 years of activities of Exxon Mobil, since the seventies, long before Exxon and Mobil in 1999 formed a single corporation under the current name, which became the main US oil company.

The newspaper says that the focus of the investigation is to check whether the oil known that the use of fossil fuels adds a risk to the weather. Also researches claims that if investors were aware of the potential financial risks that accompany the limitation of fossil fuels.

The vice president of public affairs for Exxon Mobil, Kenneth Cohen, confirmed that it has received the subpoena and said the oil company is preparing to respond.
“We unequivocally reject the accusations about Exxon Mobil has suppressed research on climate change,” Cohen told.

Read more:

http://ir.exxonmobil.com/phoenix.zhtml?c=115024&p=irol-irhome

ADIDAS PROFITS

Adidas AG (FRA:ADS) increased its net profit to 683 million euros.

 The German manufacturer had a growth of sales on Adidas and Reebok brands.

Adidas reported that revenue for the same period rose nearly 17% to 12.748 million euros, by the weak euro. Without the favorable effects of the exchange rate of the euro turnover would have risen by 9%. Operating profit in January-September improved by 17.3% to 1,083 million euros.

The euro’s weakness also contributes to the turnover in the golf division TaylorMade, in which the company has implemented a restructuring program by falling sales in the US and Western Europe.

Ifthe positive effectsof the exchange rateare not counted, theturnover ofTaylorMadeto Septemberfell12.7% to 678 millioneuros.

Adidas chairman Herbert Hainer, revised up its revenue and profit forecasts for this year.

Read more:

http://www.adidas-group.com/en/investors/overview/

GROUPON NEW CEO

Groupon (NASDAQ: GRPN) plunged to fresh lows on November after the company reported mixed third quarter earnings, bleak fourth quarter guidance, and a CEO change.
The 3rd. quarter 2015, Groupon’s revenue slipped 6% annually to $713.6 million and missed estimates by $19.1 milion. Gross billings slid 2% to $1.47 billion (up 6% on a constant currency basis), compared to a 2% gain in the previous quarter. Local and travel billings and revenue declined, although the goods segment reported positive single-digit growth in both.

For the 4th quarter, the company expects to report revenues between $815 million to $865 million, which would represent a 6.5% to 12% decline from a year ago. Analysts, on average, were expecting a revenue to rise 3% to $956.8 million.

Groupon appears to be getting marginalized by the larger players in the industry.

After reporting those results, Groupon announced that COO Rich Williams will replace Eric Lefkofsky as its new CEO.

Rich Williams declared that he will focus on three top priorities

1) acquiring new customers;

2) streamlining its international operations;

3) shifting its goods category away from lower-margin products.

This objectives indicate that Groupon will cut more jobs after laying off 1,100 employees in September.

Even with this measures , it’s not clear if Groupon can reverse the process, return to growth and profits.

Read more:

http://investor.groupon.com/