DISNEY FUNNY PROFITS

Walt Disney Co (NYSE:DIS) obtained its fiscal year 2015 net profit record of $ 8.382 million (7.709 million euros), up 11.7% from 7.501 million dollars last year.

The turnover of The Walt Disney Company reached in the year ended October, the 52.465 million dollars (48.258 million euros), up 7.5% from 48.813 million dollars (44.894 million euro) he entered the previous year.

Revenues rose 13% in the consumer products unit and 10% on TV, while the theme parks division revenue increased 7% and the film, 1%. By contrast, in interactive media it was reduced 10%.

In the fourth quarter of its fiscal year, the benefit of the American company reached 1.609 million dollars (1,480 million euros), up 7.3%, while its turnover rose 9.1% to 13.512 million dollars (12.427 million euros).

The CEO, Robert A.Iger, said that a “strong” fourth quarter completes its fifth consecutive year of record results.

He added , “in fiscal 2015 we achieved, net profit and highest adjusted earnings per share of our history, reflecting the power of our great brands and franchises, the quality of our creative content and our relentless innovation to maximize value of emerging technologies”.

Read more:

https://thewaltdisneycompany.com/investors

BAYER BENEFITS

BAYER AG (FRA: BAYN), the German pharmaceutical announced that between January and September achieved net profit of 3.497 million euros, up 9.2% yoy.

The company said in a statement that these results are due “primarily” by the “expansion” of sales of its HealthCare division of health equipment and all its departments, especially HealthCare and Covestro, which produces plastic components contributed to the breakthrough of gross.

Gross profit (EBITDA) of the accumulated in the first nine months company was EUR 7.718 million, 12.4% more than in the same period last year.

Meanwhile, net operating profit (EBIT) to September 5.342 million euros or 10.2% higher yoy.

The turnover of the German pharmaceutical giant in the first three quarters of the year amounted to 35.005 million euros, representing a rise of 14.6% from the comparison period.

Free cash flow (net cash flow) stood at 5.013 million euros, 40% in the annual comparison.

Read more:

http://www.investor.bayer.com/en/overview/

CHEVRON CUTS

CHEVRON Corp. (NYSE: CVX) earns 67% less and will cut up to 7000 jobs.

The fall in oil prices has impacted heavily on the results of US oil company.

Chevron reported a 67% drop in net income for the first nine months of this year, to 5.175 million dollars, affected by falling oil prices, while announced a reduction of 6,000 to 7,000 employees worldwide.

The company, based in San Ramon (California), to account its quarterly earnings and accumulated so far this year, said that between January and September earnings per share was $ 2.76, compared to $ 8.29 for the same period of 2014.

Only in the most recent quarter, which was closer Wall Street today, its net profit reached 2.037 million dollars, less than half of 5,593 million in the third quarter last year.

As for quarterly earnings per share, it was $ 1.09, well below the $ 2.95 it had in the third quarter of last year.

“The quarterly profit down substantially from a year ago,” said John Watson, president of the oil company, the second largest on Wall Street, after ExxonMobil, in a statement accompanying the results released today.

While the benefits for refining and processing of petroleum products (“downstream”) “remained strong, the decline in total revenue reflected the weakness in prices for crude oil and natural gas,” he added Watson.

Chevron contributed a key fact: the average price of crude oil and liquefied natural gas sold in the third quarter of this year was $ 42 per barrel, while a year earlier it was more than doubled, to $ 87 a barrel.

International oil prices have fallen from last summer by oversupply.
In 2014, the price of Texas crude (WTI) benchmark in the United States, finished in 53.27 US dollars a barrel, the lowest of the year and half the annual maximum of $ 107.26, recorded on June 20 2014.
Chevron announced closed accounts, WTI had reached $ 45.09 a barrel, while a year earlier it was $ 91.16 a barrel.

Chevron, was obliged to implement spending cuts to deal with these declines, announced a reduction of between 6,000 and 7,000 employees worldwide, although Watson said no details.
“We expect further reductions in expenses in 2017 and 2018, from 20,000 to 24,000 million dollars, depending on business conditions at all times,” he said.

Chevron announced that the outcome in the sector “upstream” or production of oil went from a profit of 14.220 billion between January and September 2014 to a loss of 600 million in the first nine months of this year.

Although international operations still maintained a net profit in “upstream” of 1,501 million dollars in the United States it had a loss of 2,101 million.

Between January and September, the sector of “downstream” doubled its net profit in the previous period of 2014, as they went from 2.818 million dollars to 6.590 million in the first nine months of this year.

Although the results were met with Chevron declines on Wall Street, the titles do not suffer much.

Read more:

http://investor.chevron.com/phoenix.zhtml?c=130102&p=irol-irhome

BARKLAYS EARNS

BARKLAYS (LSE: BARC) up 14% from January to September

British bank reported its adjusted profit in the first nine months of the year was 2,942 million pounds (4,100 million euros).

Net operating income from January to September were of 17.622 million pounds, representing a fall of 3% compared to the same months of 2014.
The cumulative gross profit has risen 4% to 5.156 million pounds, announced the bank, who stressed that cost control has helped the results.
In addition, the core capital have been 47,900 million pounds, down 3% from 46,500 million last year.
Barclays chairman, John McFarlane, said the bank ahead three priorities: focus on their core business, generating value for shareholders and promote an ethical culture.

The American banker Jes Staley has been named as the new chief executive of BARKLAYS on a £10m pay package and immediately played down expectations of a revival of the group’s troublesome investment banking arm.

The 58-year-old arrives at the bank amid a restructuring that is expected to result in 19000 job cuts, as the investment bank is scaled back.

Barclays is also preparing for new rules requiring riskier investment banking businesses to be ringfenced from high-street banking operations.

Jes Staley, who will take over on 1st December told staff he wanted to focus on bolstering returns to shareholders but also on improving behaviour that was called into question as a result of the Libor-rigging crisis. He also signalled he would pursue a collaborative relationship with regulators and pointed to a continued streamlining of the investment bank.

Read more:

https://www.home.barclays/barclays-investor-relations.html

APPLE MONEY MACHINE

APPLE Inc (NASDAQ: AAPL) is a money machine.

The technology company once again beats historical record when announced that fiscal year 2015, which ends in September, achieved a net profit of 53.394 million dollars (48,500 million euros).

This figure, which represents an increase of 35% over the previous year, is the highest achieved by the company in its 38 years of life, never before a listed company had made so much money in a year.

Never before he had won a listed company 53.394 million dollars in one year. How does she do it Apple? With more income and tight control of spending by Luca Maestri, Chief Financial Officer.

Spray every record is the result of continued success and increasing its selling product: the iPhone. The mobile phone provides more than 66% of sales and is the backbone that supports the income of the company headed by Tim Cook today.

Apple grows in revenue, almost 28%, thanks to which it has sold more units (especially products with more margin) and higher prices. The company is able to make the cost of these sales increased at a slower pace (24.7%) and the fixed component of just invariable same. Thus, the gross margin further grows revenues (32%), reaching a very high heights in a so competitive market as technological.

The company carries out strict control of operating expenses, which consume only 23% gross margin and grow back less than operating income, causing the profit increase more and more as it approaches the bottom of the account results (35% operating result and net profit 35.14%).

The results nourish the balance of Apple, whose assets rub 300.000 million. 70% of this amount is in cash (cash and cash equivalents), which generates additional revenue through charging interest (at an average rate of 1.49% in 2015). The assets of the company amply support its obligations, even taking into account the low debt (just over 55,000 million).

Behind these financial statements is Luca Maestri, Apple vice president and chief financial officer, reporting directly to Cook, the CEO. Maestri, born in Rome in 1963, is responsible for accounting, business support, financial planning, internal audit and taxes. He is responsable for mergers and acquisitions

Former CFO of Xerox and Nokia, in Apple applies what had learned throughout his career, in which he had an outstanding weight General Motors. Maestri worked for twenty years in the US automaker and was CFO for Europe, among other charges.

Apple has distributed cash among investment funds in the money market and pension funds. Also in US Treasuries, corporate bonds and debt securities of various public administrations, among others. The maturity of these securities is usually between the short term and the long-term (one to five years).

Apple relies on the issuance of short-term debt to finance movements as the payment of dividends to shareholders or repurchase capital. Resorting to this pathway has a lower cost to the company US repatriate liquidity is distributed in other subsidiaries outside its home market. Apple gets 35% of its revenue from the US, compared with 65% from abroad.

The company explains in its report that has a total exposure in commercial paper issues totaling 8,500 million dollars by the end of 2015, by which pays an average interest rate of 0.14 percent. These securities have maturities of less than nine months.
The company expects to continue to rely on debt markets in both the US and abroad, to finance part of its plans to buy back equity and dividend payment before March 2017.

Read more:

http://investor.apple.com/

 

DEUTSCHE BANK CUTS

DEUTSCHE BANK AG (DAX: DBK) suspended the dividend for two years and eliminate 9,000 jobs

Deutsche Bank will cease to distribute dividend for two years and cut 9,000 jobs after suffering a loss of 6,000 million euros in the third quarter. Its shares suffered a fall nearly 7%.

These slightly better red numbers, developed by Germany’s largest bank at the beginning of the month, largely due to depreciation of 5,800 million euros in its investment banking business.
The accounts for the quarter also included a depreciation 649 million by the declining value of its 19.99% stake in the Chinese bank Hua Xia Bank.

“In the third quarter of 2015 we announced a record loss, a highly disappointing result,” said John Cryan, new co-CEO of Deutsche Bank.
Besides the reduction of 9,000 jobs, the group will cut 6,000 jobs in its external work Technology and Operations division.

The company has submitted the details of their ‘2020’, in addition to the suspension of the dividend for the financial years 2015 and 2016 and reach a Tier 1 capital ratio of at least 12.5% since the end of 2018, imposes a ambitious cost-cutting plan with which it aims:
• Reduce costs adjusted below the 22,000 million euros for 2018.
• Saving costs 3,800 million in 2018, a move that will involve the assumption of restructuring costs between 3,000 and 3,500 million euros in 2016.
• The output of the group of ten countries: Argentina, Chile, Mexico, Peru, Uruguay, Denmark, Finland, Norway, Malta and New Zealand.

With the results of the third quarter, the losses of the group amounted to 4.647 million euros between January and September, compared with a profit of 1,250 million achieved in the same period last year.

Read more:

https://www.db.com/ir/index_e.htm

CONTINUATION PATTERNS

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Read more:

https://www.activtrades.co.uk/index.aspx?page=events_webinar

McDonalds rises on Wall Street

McDonald´s (NYSE: MCD), made a profit of 1.309 million dollars (about 1,175 million euros) between July and September.
The multinational had sales in the third quarter of 2015 of 6.615 billion dollars, representing a decrease of 5% over the same period of 2014.
So far this year, McDonald’s has earned 3.323 million dollars, up 9% from January-September last year.
The American company has earned in the first nine months of the year a turnover of 19.071 million dollars, representing 9% less than in the same period of 2014.
The president of McDonald’s, Steve Easterbrook, stressed that “our operating performance in the quarter is encouraging, with positive sales in all our segments, including the US, and a strong recovery in China.”
“The third quarter marked an important step in our reorganization, going from one focused solely on geographic areas that combine business segments markets with similar structure,” said the manager.

ERICSSON PROFITS

Ericsson, the Swedish telecommunications equipment maker, has announced that it earned 6.695 million kronor (710 million euros) to September, 4% less than in the same period last year.
President and CEO of Ericsson, Hans Vestberg, said in a statement the “strong growth” of its services division in the last three months, which could only partly offset the poorer performance of the Networks division.
The company also said the program overall efficiency and cost control is implementing “progressing according to plan,” which has a positive impact on costs.
The gross profit of the company in the first three quarters of the year stood at SEK 59,150 million, representing an increase of 3% in annual terms.
Similarly, the net operating profit also rose by 3% compared to the reference period, rising up to 10,770 MSEK.
Operating costs increased by 6% between January and September, up to 48.212 million crowns due largely to the rise of 12% in costs for sales and administration.
Ericsson’s turnover rose 8% year on year, reaching 173.352 million kroons between January and September, according to the balance released by the company.
Earnings per share amounted to SEK 2 per share, compared to 2.27 crowns comparison period.
In the last quarter, the benefit of Ericsson shot up 19%, when revenues rose 3%, gross profit fell 1% and net operating profit grew 31%.

INDITEX RESULTS

INDITEX (BME: ITX) reported first half results that were in line with expectations by the market

At a time when the company increased the number of stores and the online business. First-half sales amounted to EUR 9,420 mn (vs. EUR 9400 mn expected) with a gross margin of 58.1% and a growth in LFL sales of 7%. The half EBITDA totaled EUR 1,970 mn and the net result amounted to EUR 1,170 mn, with both figures in line with the estimated by the market consensus.

Reuters said that Amancio Ortega, who transformed clothing group Inditex from a tiny family dressmaker into Spain’s biggest company, briefly overtook Bill Gates to become the world’s richest man.

Ortega has turned Zara into a byword in chic for the money-conscious, transforming the apparel business with its “fast fashion” model.

Affordable imitations of catwalk designs can move from drawing-board to stores within two weeks, and poor sellers are pulled off the shop floor even quicker.