Pinault Printemps-Redoute: Gradual Upturn of Business in the 2nd Quarter of 2002.Business Editors Pinault-Printemps-Redoute (EURONEXT PARIS Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. : PP), the multi-specialist retailing, distribution and luxury goods group, today announced: -- On a comparable structural, exchange rate and day-year basis, Rexel sales fell by 6.6% in the second quarter after a 6.8% drop in the first quarter. This reflects the stabilization of the sales trend in North America and in Europe. -- Pinault Bois & Materiaux sales improved in the second quarter by 3.6% on a comparable structural, exchange rate and day-year basis after a stable first quarter. In the second quarter, Importing and Processing activity grew by 11.4% on a comparable basis and the Distribution business was up by 1.7%. Total sales were adjusted for the sale of the business in Morocco to CFAO. -- On a comparable structural, exchange rate and day-year basis, the drop in activity for Guilbert was limited to 1.6% in the second quarter compared with a 2.1% drop in the first quarter. Activity was marked by a lower decline in the office supplies sector and a stabilisation of the mail-order activity. -- CFAO is still recording excellent results, up by 9% in the second quarter after a 7.4% rise in the first quarter on a comparable structural, exchange rate and day-year basis. This reflects sustained growth in all regions in the second quarter, up 13.7% in Central Africa (4.9% in the first quarter), 8.8% in West Africa (19.3% in the first quarter) and 14% in the Eurafrica region (4.9% in the first quarter). Pharmaceutical sales rose by 6.8% on a comparable basis in the second quarter compared with 3.5% in the first quarter in 2002. At June June: see month. 30, 2001, the difference between actual and comparable sales reflected the positive impact of changes in Group structure, totalling 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. 129.6 million, changes in exchange rates, at EUR -14.8 million, and adjustments for the unfavourable calendar effect, which stood at EUR -69.1 million. RETAIL DIVISION On a comparable structural, exchange rate, and day-year basis, the Division's sales have turned around, recording 0.5% growth in the second quarter after a 1.1% drop in the first quarter of 2002. This reflects a pick-up pick-up Noun 1. a small truck with an open body used for light deliveries 2. Informal a casual acquaintance made for a sexual purpose 3. Informal a. in business for most Group companies. -- On a comparable structural, exchange rate and day-year basis, Rexel sales fell by 6.6% in the second quarter after a 6.8% drop in the first quarter. This reflects the stabilization of the sales trend in North America and in Europe. -- Pinault Bois & Materiaux sales improved in the second quarter by 3.6% on a comparable structural, exchange rate and day-year basis after a stable first quarter. In the second quarter, Importing and Processing activity grew by 11.4% on a comparable basis and the Distribution business was up by 1.7%. Total sales were adjusted for the sale of the business in Morocco to CFAO. -- On a comparable structural, exchange rate and day-year basis, the drop in activity for Guilbert was limited to 1.6% in the second quarter compared with a 2.1% drop in the first quarter. Activity was marked by a lower decline in the office supplies sector and a stabilisation of the mail-order activity. -- CFAO is still recording excellent results, up by 9% in the second quarter after a 7.4% rise in the first quarter on a comparable structural, exchange rate and day-year basis. This reflects sustained growth in all regions in the second quarter, up 13.7% in Central Africa (4.9% in the first quarter), 8.8% in West Africa (19.3% in the first quarter) and 14% in the Eurafrica region (4.9% in the first quarter). Pharmaceutical sales rose by 6.8% on a comparable basis in the second quarter compared with 3.5% in the first quarter in 2002. -2,2 points at the end of March to -0.6 point at the end of June. International business grew by 3.4%, mainly as a result of the confirmed recovery in Spain Spain, Span. España (āspä`nyä), officially Kingdom of Spain, constitutional monarchy (2005 est. pop. 40,341,000), 194,884 sq mi (504,750 sq km), including the Balearic and Canary islands, SW Europe. and strong performance in Switzerland Switzerland (swĭt`sərlənd), Fr. Suisse, Ger. Schweiz, Ital. Svizzera, officially Swiss Confederation, federal republic (2005 est. pop. 7,489,000), 15,941 sq mi (41,287 sq km), central Europe. . -- On a comparable structural, exchange rate and day-year basis, Rexel sales fell by 6.6% in the second quarter after a 6.8% drop in the first quarter. This reflects the stabilization of the sales trend in North America and in Europe. -- Pinault Bois & Materiaux sales improved in the second quarter by 3.6% on a comparable structural, exchange rate and day-year basis after a stable first quarter. In the second quarter, Importing and Processing activity grew by 11.4% on a comparable basis and the Distribution business was up by 1.7%. Total sales were adjusted for the sale of the business in Morocco to CFAO. -- On a comparable structural, exchange rate and day-year basis, the drop in activity for Guilbert was limited to 1.6% in the second quarter compared with a 2.1% drop in the first quarter. Activity was marked by a lower decline in the office supplies sector and a stabilisation of the mail-order activity. -- CFAO is still recording excellent results, up by 9% in the second quarter after a 7.4% rise in the first quarter on a comparable structural, exchange rate and day-year basis. This reflects sustained growth in all regions in the second quarter, up 13.7% in Central Africa (4.9% in the first quarter), 8.8% in West Africa (19.3% in the first quarter) and 14% in the Eurafrica region (4.9% in the first quarter). Pharmaceutical sales rose by 6.8% on a comparable basis in the second quarter compared with 3.5% in the first quarter in 2002. LUXURY GOODS DIVISION Division sales reflect sales for Gucci The House of Gucci, better known as simply Gucci, is an Italian iconic fashion and leather goods label. It was founded by Guccio Gucci (b.1881 – d.1953) in Florence in 1906. between November November: see month. 2001 and April 2002. On a comparable structural and exchange rate basis, activity was down by 6.6% in the second quarter, still suffering from the 7% drop in activity in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in the second quarter. The second quarter was marked by the confirmed turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. at Yves Yves may refer to:
A city of southern Quebec, Canada, an industrial suburb of Montreal. Population: 77,391. , with retail sales up 177% in actual terms and by the good resistance in Japan. BUSINESS-TO-BUSINESS  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. DIVISION On a comparable structural, exchange rate and day-year basis, Business-to-Business Division sales recorded a smaller decline in the second quarter (down 2.9%), compared with 3.8% in the first quarter, thereby confirming the gradual upswing Upswing An upward turn in a security's price after a period of falling prices. in business. This reflects continued pressure on the business environment in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Excluding North America, Division sales grew by 0.1% in the second quarter after a 3.2% drop in the first quarter of 2002. -- On a comparable structural, exchange rate and day-year basis, Rexel sales fell by 6.6% in the second quarter after a 6.8% drop in the first quarter. This reflects the stabilization of the sales trend in North America and in Europe. -- Pinault Bois & Materiaux sales improved in the second quarter by 3.6% on a comparable structural, exchange rate and day-year basis after a stable first quarter. In the second quarter, Importing and Processing activity grew by 11.4% on a comparable basis and the Distribution business was up by 1.7%. Total sales were adjusted for the sale of the business in Morocco to CFAO. -- On a comparable structural, exchange rate and day-year basis, the drop in activity for Guilbert was limited to 1.6% in the second quarter compared with a 2.1% drop in the first quarter. Activity was marked by a lower decline in the office supplies sector and a stabilisation of the mail-order activity. -- CFAO is still recording excellent results, up by 9% in the second quarter after a 7.4% rise in the first quarter on a comparable structural, exchange rate and day-year basis. This reflects sustained growth in all regions in the second quarter, up 13.7% in Central Africa (4.9% in the first quarter), 8.8% in West Africa (19.3% in the first quarter) and 14% in the Eurafrica region (4.9% in the first quarter). Pharmaceutical sales rose by 6.8% on a comparable basis in the second quarter compared with 3.5% in the first quarter in 2002. CREDIT AND FINANCIAL SERVICES The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. DIVISION On a comparable structural and exchange rate basis, Division sales grew by 1.9% in the second quarter after a 2.4% rise in the first quarter of 2002. At June 30, 2002, average outstanding loans in the Consumer Credit business fell slightly by 0.4% compared with June 30, 2001. About PPR PPR peste des petitis ruminants. Pinault-Printemps-Redoute is a leading multi-specialist distribution group encompassing four divisions: Luxury Goods, Retail, Business-to-Business, and Credit and Financial Services. The Group is committed to organically growing its business, which includes leading brands Gucci, Yves Saint Laurent, Fnac, Conforama, Rexel Rexel is a French company specializing in the distribution of electrical parts and supplies. It includes the Divisions of Page Data, Rexel Video, Ideal Electrical and John R Turk. It has offices internationally.
Additional Information is also available at http://www.pprgroup.com. EDITOR'S NOTE Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : For tabular tab·u·lar adj. 1. Having a plane surface; flat. 2. Organized as a table or list. 3. Calculated by means of a table. tabular resembling a table. information, please also refer to http://www.pprgroup.com. |
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