Air France-KLM warns of coronavirus hit as 2019 profit falls

Bill O’Reilly Delivers The Worst Possible Take On The Democratic Debate

Disgraced former Fox News host Bill O’Reilly tried his hand at live-tweeting Wednesday night’s Democratic debate. 

But one of his hot takes seemed to be more a damning statement about his own past sexual misconduct than anything else. 

Former New York Mayor Mike Bloomberg was criticized by Sen. Elizabeth Warren (D-Mass.) for allegations of sexual harassment at his company and the nondisclosure agreements used to keep the complainants from speaking out. 

O’Reilly has his own history with such agreements, having paid at least $45 million in settlements, including $32 million to a former Fox News analyst, after facing sexual harassment allegations — a scandal that eventually cost him his job on Fox News.

Yet he tweeted: 

O’Reilly’s other tweets included less-than-insightful messages about Warren’s supposed “desperation,” former Vice President Joe Biden’s “babbling” and Sen. Bernie Sander’s (I-Vt.) “bulging” eyes.

But given his personal history, it was O’Reilly’s comments about NDAs that lit up Twitter: 

Schneider Electric FY19 Net Income Rises; Organic Growth In Revenue At 4.2%

Schneider Electric (SBGSF.PK) reported fiscal 2019 net income (Group share) of 2.41 billion euros compared to 2.33 billion euros, previous year. Adjusted net income was 2.9 billion euros, an increase of 14%. Adjusted earnings per share was 5.32 euros compared to 4.64 euros.

Fiscal 2019 revenues were at 27.16 billion euros, compared to 25.72 billion euros, previous year. Organic growth in revenue was 4.2%, for the fiscal year.

The proposed dividend is 2.55 euros per share, up 8.5% from prior year.

For 2020, the Group expects: revenue growth of 1% to 3% organic; and an adjusted EBITA margin between 16.0% and 16.3% (excluding FX and impact of acquisitions).

Fresenius posts flat profit and announces new JV

Fresenius SE & Co. KGaA said Thursday that net profit in the fourth quarter was flat while sales increased, and announced the creation of a joint venture with Vifor Pharma AG focused on iron-deficiency treatment in China.

The company made a net profit of 515 million euros ($556.1 million) in the final quarter, marginally down from EUR516 million last year. Sales grew by 5.4% to EUR9.31 billion.

In 2020, the German health-care company said it expects sales to grow by 4%-7% and net income to increase by 1%-5%, all at constant currency. This is without taking into account the effect of the coronavirus outbreak, which is, however, expected to be minimal, Fresenius said.

The company also said it will be establishing a China-focused joint venture, in which it will retain a minority 45% stake, with Vifor Pharma. The new business will provide patients with iron deficiency access to blood management treatments.

Dialysis division Fresenius Medical Care reported fourth-quarter net income of EUR343 million, down 25% on the previous-year period. However, on an adjusted basis net income grew by 3% it said. Fresenius retains a significant stake in the unit.

Write to Carlo Martuscelli at [email protected]; @carlomartu

EDPR net profit jumps in 2019

EDP Renovaveis SA said Thursday that its 2019 net profit and revenue rose, and increased its dividend.

The renewables company posted net profit of 475 million euros ($512.9 million) for the year, up strongly from EUR313 million in 2018.

Revenue rose 7% to EUR1.82 billion, EDPR said.

The company, which is a subsidiary of EDP-Energias de Portugal SA, proposed a dividend of EUR0.08 a share, up from EUR0.07 a share the year before.

Schneider Electric profit and revenue rise

Schneider Electric SE reported Thursday a rise in net profit for 2019 on growing revenue across all its markets.

The French energy-management group made a net profit of 2.41 billion euros ($2.60 billion) for the year ended Dec. 31, 2019, compared with EUR2.33 billion in 2018. Revenue rose 5.6% year-on-year to EUR27.16 billion.

Adjusted earnings before interest, taxes and amortization–one of the company’s preferred metrics which strips out exceptional and other one-off items–was EUR4.24 billion, 9.4% higher than the previous year.

The company benefited from the digitalization of the business and a smooth execution of the group’s strategy, a Schneider Electric spokesperson said.

Schneider Electric added that revenue for the fourth quarter grew 4% to EUR7.31 billion.

The board has declared a yearly dividend of EUR2.55, up from EUR2.35 the previous year.

The company is targeting a 1% to 3% organic-revenue growth this year, a company spokesperson added.

"We remain committed to strengthen the group core and pivot gradually towards more connected products, automation, software and services," Chief Executive Jean-Pascal Tricoire said.

Air France-KLM warns of coronavirus hit as 2019 profit falls

Air France-KLM said Thursday that profit and operating result fell in 2019, and warned on the effect of the coronavirus for 2020.

The Franco-Dutch carrier AF, -0.82% reported a net profit of 290 million euros ($313.1 million) in 2019 down EUR130 million from with the same period a year earlier.

Its closely-watched operating result fell 19% to EUR1.14 billion, hit by rising fuel bills and pressure at its Cargo business, while revenue edged up to EUR27.19 billion.

Looking to 2020, Air France-KLM gave a first estimation of the cost of the coronavirus along with its guidance.

Due to flights suspensions to and from China, Air France-KLM estimates that the coronavirus could hit its operating result by EUR150 million to EUR200 million for February to April. It also expects unit revenue to decrease at constant currency in its first quarter because of the health crisis.

Its fuel bills should decrease by EUR300 million to EUR5.2 billion in 2020, it said.