Printer Friendly

PECHINEY REPORTS CONSOLIDATED SALES FOR THE FIRST NINE MONTHS OF 1993

 /NOTE TO EDITORS: The following statement is being issued by the Pechiney Group in Paris today/
 GREENWICH, Conn., Nov. 15 /PRNewswire/ -- The Pechiney Group today reported the following:
 PECHINEY GROUP
 Consolidated sales for the first nine months of 1993 amounted to 47,785 million French francs, declining 3.8 percent from the FF 49,683 million reported for the same period in 1992, based on a comparable structure. The average exchange rate for the U.S. dollar -- which is the currency used in the majority of Group activities -- increased by 5.7 percent to FF 5.60 for the first nine months of 1993 from FF 5.30 for the year-earlier period. Stated in U.S. dollars, sales declined by 9.2 percent.
 Contributions to consolidated sales by sector of activity were as follows:
 First Nine First Nine
 Months '93 Months '92(A)
 (in millions of FF)
 Packaging 22,529 23,444
 Aluminum 12,273 13,078
 Turbine Components 3,544 3,723
 Related Industrial Activities 4,436 4,777
 International Trade 5,003 4,661
 Total 47,785 49,683
 (A) -- Based on a comparable structure.
 PECHINEY INTERNATIONAL
 Pechiney International's consolidated sales for the first nine months of 1993 amounted to FF 26,438 million, declining 3.7 percent from the FF 27,445 million reported for the same period in 1992, based on a comparable structure.
 The average exchange rate for the U.S. dollar amounted to FF 5.60 for the first nine months of 1993, vs. FF 5.30 for the same period in 1992. Stated in U.S. dollars, sales declined by 9 percent.
 Contributions to consolidated sales by sector of activity were as follows:
 (In millions of (In millions of
 French francs) U.S. dollars)
 First Nine First Nine First Nine First Nine
 Months '93 Months '92 Months '93 Months '92
 Packaging 22,532 23,445 4,018 4,433
 Turbine Components 3,544 3,723 633 699
 Other 362 277 65 52
 Total 26,438 27,445 4,716 5,184
 -0- 11/15/93
 /CONTACT: Ilse Minkenberg of Pechiney Corporation, 203-625-8836/


CO: Pechiney ST: Connecticut IN: SU: SLS

SH-GK -- NY030 -- 4261 11/15/93 09:28 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 15, 1993
Words:365
Previous Article:TIFFANY REPORTS THIRD QUARTER RESULTS; HIGHER U.S. AND JAPAN SALES LEAD TO INCREASED EARNINGS
Next Article:THE READER'S DIGEST ASSOCIATION NAMES REBECCA SCHIFF VICE PRESIDENT-INVESTOR RELATIONS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters