Consensus Forecasts for Pechiney's Results.Business Editors PARIS--(BUSINESS WIRE)--July 16, 2003 A survey by Pechiney of 13 analysts following the stock has resulted in the following consensus forecasts for the company's Q2-03 results and for the group's full year 2003 results.
EURm Q2 - 03 Q2 - 02 FY - 03 FY - 02
----------------------------------------------------------------------
Low Average High Hist. Low Average High Hist.
----------------------------------------------------------------------
Earnings from
Operations 50 67 78 137 207 274 361 407
----------------------------------------------------------------------
Reported Net
Income -15 15 30 9 -31 60 156 -50
----------------------------------------------------------------------
Adjusted Net
Income* 8 26 37 74 50 119 171 211
----------------------------------------------------------------------
Adjusted Net
Income*
Per share 0.10 0.33 0.48 0.94 0.64 1.53 2.20 2.69
======================================================================
(*) Adjusted Net Income is defined as Reported Net Income excluding the impact, after taxes, of Restructuring expense, Other (expense) income and other non-recurring items. The above consensus is shown in French GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). . Please also note that, in US GAAP, goodwill is no longer amortized from January 1, 2002. Firms contributing to the consensus were ABN Amro ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) , Aurel Leven, BB&T Capital Markets, CAI (1) (Computer-Assisted Instruction) Same as CBT. (2) See CA. CAI - Computer-Aided Instruction Cheuvreux, CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation IXIS Securities, Credit Lyonnais Securities, Deutsche Bank, Dexia Securities, Exane, ING Financial Markets, Merrill Lynch, Morgan Stanley and UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Warburg. Pursuant to article 7 of the COB Rule book no. 2002-04, this press release was disclosed to the Commission des Operations de Bourse bourse (b  rs), term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. before
its release.Pechiney is an international group listed on the Paris and New York stock exchanges New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Its three core businesses are primary aluminium, aluminium conversion and packaging. Pechiney achieved sales of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 11.9 billion in 2002. It employs 34,000 employees. The opinions and projections contained in this press release are entirely those of independent analysts and have not been prepared or reviewed by Pechiney. Pechiney makes no representation concerning the quality, content or reliability of these opinions and projections, which are provided as a convenience only. Neither Pechiney nor any of its directors, officers or employees shall be in any way responsible for the contents of this press release, nor shall any of them be liable for any loss arising from the use of these opinions and projections or otherwise arising in connection therewith there·with adv. 1. With that, this, or it. 2. In addition to that. 3. Archaic Immediately thereafter. Adv. 1. . Actual results may differ materially from those set forth in any forward-looking statements in this press release (as defined in section 27A of the U.S. Securities Act of 1933, as amended). These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Pechiney's actual results, performance or achievements to be materially different from the independent opinions and projections contained in this press release. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion