BIG COMPANY WATCH.
BIG COMPANY WATCH
Latin American sales in US$ millions
% CHANGE
IIQ98/IIQ99
Company SALES IIQ99 Percent of
total sales
KELLOGG 151 12.5 8.5
PROCTER & GAMBLE 758 8.0 8.0
UNILEVER 1,409 4.8 11.9
ERICSSON 858 1.0 14.3
COLGATE-PALMOLIVE 614 0.7 26.9
AVON 401 -3.2 31.8
COCA COLA 472 -11.6 8.8
BESTFOODS 234 -14.2 10.8
WHIRLPOOL 408 -17.2 15.6
PRAXAIR [1] 174 -26.9 15.1
CATERPILLAR [2] 331 -32.1 6.5
GOODYEAR [3] 219 -33.0 7.2
NOTES: (1.)South American sales.
(2.)Machinery and engine sales only.
(3.)Tire sales only.
SOURCE: Company reports, LATIN TRADE.
DEAR SHAREHOLDER... [up arrow] PROCTER & GAMBLE Margins stayed fat due to good guesses on devaluation devaluation, decreasing the value of one nation's currency relative to gold or the currencies of other nations. It is usually undertaken as a means of correcting a deficit in the balance of payments. and inflation--especially in Mexico and Venezuela. "We are pleased," said CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Durk Jager. The maker of Tide, Crest and Pringles is snapping up weak competitors, but a sweeping reorganization may stain Stain (microbiology) Any colored, organic compound, usually called dye, used to stain tissues, cells, cell components, or cell contents. The dye may be natural or synthetic. The object stained is called the substrate. future results. [right arrow] AVON Avon worked its door-to-door sales force hard in Brazil with mixed results. Sales were up by a fifth in local currency, but devaluation wiped those gains away in U.S. dollars. Operating profits Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. , however, zoomed on the company's squeeze-play strategy: press vendors for lower prices and buy more product locally. [down arrow] GOODYEAR "Our aggressive program to reduce inventories in the second quarter has achieved the anticipated results," CEO Samir Gibara told shareholders. That result? The company suffered a blowout Blowout The rapid sale of all shares in a new securities offering. See: hot issue. blowout The nearly immediate sale of a new security issue because of great investor demand. See also hot issue. over the second quarter as plants shut down amidst a·midst prep. Variant of amid. [Middle English amiddes : amidde; see amid + -es, adverbial suffix; see -s3.] a tire glut glut pronounced as rut, slut Vox populi An excess of a service or skilled labor in a particular area. See Physician glut. . "Our growth initiatives should be reflected in our results going forward," Gibara added. What he really meant: Better luck next quarter.3 |
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