H Porsche ανακοίνωσε ότι τους πρώτους 6 μήνες του οικονομικού έτους του 2012, είχε κέρδη 1.15 δις ευρώ, 149 εκατ. ευρώ, περισσότερα σε σχέση με πέρυσι. Τα κέρδη προέρχονται από επενδύσεις και ίδια κεφάλαια ύψους 2.6 δις ευρώ, ενώ τα χρωστά 26 δις ευρώ, 103 εκατ. ευρώ λιγότερα σε σχέση με την αντίστοιχη οικονομική περίοδο του 2011. Η βελτίωση οφείλεται κυρίως στη μερική αποπληρωμή των υποχρεώσεων προς τράπεζες και η αναχρηματοδότηση με ευνοϊκότερους όρους κατά το φορολογικό έτος 2011. Οι πωλήσεις ανήλθαν σε 68.940 αυτοκίνητα, +22.5%, με τα έσοδα να ανήλθαν σε 6.76 δις ευρώ (+29.3%),. Τα λειτουργικά κέρδη ανήλθαν σε 1.26 δις (+20.6%).
H Chrysler από τη μεριά της ανακοίνωσε ότι το δεύτερο τρίμηνο του 2012, τα καθαρά της κέρδη αυξήθηκαν κατά 436 εκατ. δολάρια, την ώρα που τα λειτουργικά κέρδη αυξήθηκαν κατά 49% σε 755 εκατ. δολάρια, με τις ελεύθερες ταμειακές ροές να ανέρχονται σε 866 εκατ. δολάρια. Τα καθαρά έσοδα ανήλθαν σε 16.8 δις δολάρια, 23% περισσότερα από πέρυσι, ενώ το χρέος της ανέρχεται σε 432 εκατ. δολάρια, αισθητά μειωμένο σε σχέση με τα 2.1 δις δολάρια πριν από έναν χρόνο και τα 1.3 δις δολάρια από τις 31 Μαρτίου του 2012. Από τις αρχές του έτους έχει πουλήσει 582.000 αυτοκίνητα (+20%) ενώ το μερίδιο της στην αγορά αυξήθηκε στο 11.2%.
Τέλος η Mazda ανέφερε ότι τα έσοδα της κατά το πρώτο οικονομικό τρίμηνο του έτους 2012 (Μάρτιος-Ιούνιος) ανήλθαν σε 5.3 δις ευρώ, τα λειτουργικά κέρδη σε 188 εκατ. ευρώ, ενώ η ζημιά σε 678 εκατ. ευρώ. Περισσότερες λεπτομέρειες μπορείς να βρεις στο δελτίο τύπου.
[Πηγή: Porsche, Chrysler, Mazda]
Porsche SE increases profit considerably in the first six months of 2012
Good development of equity investments / positive effect on earnings anticipated from the creation of the Integrated Automotive Group in the second half of 2012
Stuttgart. 31 July 2012. In the first six months of the current fiscal year 2012, Porsche Automobil Holding SE, Stuttgart (Porsche SE) reported a profit for the period of 1.15 billion euro. In the comparative prior-year period, the group had reported a profit of 149 million euro. The considerable profit is primarily attributable to the profit from investments accounted for at equity totaling 2.60 billion euro. This comprises the profit or loss attributable to Porsche SE from its investments in Porsche Zwischenholding GmbH and Volkswagen AG. However, this was counterbalanced in particular by a non-cash special effect on profit/loss from the adjustment of the valuation of the put and call options for the shares in Porsche Zwischenholding GmbH remaining with Porsche SE as of the reporting date 30 June 2012 totaling minus 1.38 billion euro.
In the reporting period, the financial result, which essentially contains income and expenses from loans, came to minus 26 million euro compared to minus 129 million euro in the first half of 2011. This improvement is mainly due to the partial repayment of liabilities to banks and refinancing at more favorable terms in the fiscal year 2011.
Net liquidity, i.e., cash and cash equivalents and time deposits less liabilities to banks, had improved by a further 56 million euro since the end of the first quarter of 2012 to minus 1.45 billion euro as of 30 June 2012.
The Porsche Zwischenholding GmbH group was able to increase its unit sales by 22.5 percent to 68,940 vehicles in the first half of the current fiscal year. As a result, revenue rose by 29.3 percent to 6.76 billion euro. The operating result came to 1.26 billion euro, up 20.6 percent on the comparative period of the prior year. The Volkswagen Group increased its unit sales by 12.4 percent to 4,644,097 vehicles over the period from 1 January 2012 to 30 June 2012. With revenue of 95.38 billion euro (up 22.6 percent), the Volkswagen Group’s operating result increased by 6.7 percent to 6.49 billion euro over the same period.
Porsche SE and Volkswagen AG are planning to implement their shared goal of creating an Integrated Automotive Group as of 1 August 2012. The executive board of Porsche SE and the board of management of Volkswagen AG, with the agreement of the competent bodies, approved a concept for the complete integration of Porsche AG into the Volkswagen Group on 4 July 2012. According to the concept, Porsche SE will contribute its holding business operations including its 50.1 percent investment in Porsche’s operating business, i.e., its shareholding in the Porsche Zwischenholding GmbH group, to Volkswagen AG. However, Porsche SE will retain a shareholding of 32.2 percent in the total capital of Volkswagen AG. The execution of the transaction will make Volkswagen AG the sole shareholder of Porsche’s operating business. Porsche SE will receive a cash amount of some 4.46 billion euro from the transaction, as well as one new ordinary Volkswagen AG share.
Due to the planned contribution, the investment in Porsche Zwischenholding GmbH will cease to be accounted for at equity in the consolidated financial statements of Porsche SE as of July 2012. As a result, no further profit or loss will be attributable to Porsche SE from accounting for this investment at equity. However, since Porsche SE will continue to hold its investment in Volkswagen AG, it will, in proportion to its share in total capital, indirectly benefit from the results of operations of the Porsche Zwischenholding GmbH group and from the realization of the full synergy potential of the Integrated Automotive Group in the future.
The contribution transaction will result in a one-time positive effect on earnings, expected to be around 6 to 7 billion euro, in the consolidated financial statements of Porsche SE. This results in particular from the contribution of Porsche SE’s share in Porsche’s operating business as well as the put and call options relating to this share. Moreover, the effect on earnings contains the effect of the transaction on accounting for the investment in Volkswagen AG at equity. As the calculation of this effect on earnings is based on valuations and carrying amounts that have to be updated at the contribution date of 1 August 2012, the amount may be subject to changes. The put and call options will be transferred to Volkswagen AG upon execution of the transaction and will therefore have no further effects on the net assets and results of operations of the Porsche SE group as of this time.
Factoring in this one-time positive effect on earnings, Porsche SE expects a high single-digit billion-euro profit for the year 2012.
After contributing its holding business operations to Volkswagen AG, Porsche SE will initially use the cash received as consideration in the transaction, amounting to some 4.46 billion euro, to repay its existing liabilities to banks of 2.0 billion euro in full. The major portion of the liquidity remaining thereafter is intended to be used for further strategic equity investments, focusing along the automotive value chain. In order to ensure sufficient room for maneuver in the future, Porsche SE’s annual general meeting adopted a resolution on 25 June 2012 to amend the articles of association accordingly.
Following conclusion of the transaction, Porsche SE will be a financially strong holding company with attractive potential for increasing value added, with clear, sustainable structures and a solid outlook for the future. After the transaction has been implemented, Porsche AG and Volkswagen AG will be able to leverage synergies in their operating business at an earlier stage and cooperate more easily. Porsche SE, as the largest shareholder in Volkswagen AG, will also greatly benefit from this.
Chrysler Group Second-Quarter 2012 Net Income Increased to $436 Million
Second-Quarter Modified Operating Profit Increased 49 Percent to $755 Million With Free Cash Flow of $866 Million
- Chrysler Group LLC net income was $436 million in the second quarter, a 141 percent improvement over the Adjusted Net Income(a) of $181 million a year ago
- Net revenue for the quarter was $16.8 billion, up 23 percent from $13.7 billion a year ago
- Modified Operating Profit(b) grew to $755 million in the quarter, 49 percent higher than a year earlier
- Free Cash Flow(e) for the quarter totaled $866 million; Cash(d) ended the quarter at $12.1 billion compared with $10.2 billion a year ago and $11.3 billion at March 31, 2012
- Net Industrial Debt(f) was reduced to $432 million at June 30, 2012, from $2.1 billion a year ago and $1.3 billion at March 31, 2012
- Worldwide vehicle shipments were 630,000 in the quarter, up 22 percent from 514,000 a year ago and in line with the full-year target
- Worldwide vehicle sales for the second quarter totaled 582,000, up 20 percent from a year ago
- U.S. market share increased to 11.2 percent for the second quarter, up from 10.6 percent a year ago, driven by a 32 percent increase in U.S. retail sales; market share in Canada was 14.5 percent
- Production of the all-new, fuel-efficient 2013 Dodge Dart started in Belvidere, Ill. and the vehicle is arriving in dealer showrooms now
Revenue for the quarter was $16.8 billion, up 23 percent from $13.7 billion in the second quarter of 2011, primarily driven by a 22 percent period-over-period increase in shipments. For the first six months, the Company recorded net income of $909 million on revenue of $33.2 billion.
The Company recorded a Modified Operating Profit of $755 million, or 4.5 percent of revenue, in the second quarter, up 49 percent from the $507 million reported in the prior year. The increase was attributable to strong volume and pricing, partially offset by unfavorable mix as we increased sales of cars versus trucks and SUVs, enhanced vehicle content and increased research-and-development spending for new models. Modified Operating Profit for the first half of the year was $1.5 billion.