Vinci FY Profit Climbs
Vinci SA (VCISY.PK) reported that net income attributable to owners of the parent for fiscal year 2022 climbed to 4.3 billion euros or 7.47 euros per share from last year’s 2.6 billion euros or 4.51 euros per share last year.
Consolidated revenue was 61.7 billion euros, up 25% on an actual basis relative to 2021 and up 11% like-for-like. Changes in scope – mainly the integration of Cobra IS, which was acquired in late 2021 – boosted revenue by 12.5%. Exchange rate movements had a positive impact of 1.5%, due to the rise in the US dollar and many other currencies against the euro.
The Group expects further increase – although more limited than in 2022 – in revenue and operating income in 2023. The company said its net income, despite a substantial increase in financial costs, could be slightly higher than the level achieved in 2022.
On 8 February 2023, the Board of Directors decided to propose a 2022 dividend of 4.0 euros per share to the Shareholders’ General Meeting on 13 April 2023, reflecting its confidence in the Group’s prospects.
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Toyota Motor Q3 Revenue Climbs
Toyota Motor Corporation (TYT.L), a Japanese auto major, on Thursday reported a fall in net earnings for the third-quarter. However, operating profit and revenue improved from last year.
For the third-quarter ended on December 31, 2022, the Toyota City-headquartered firm posted a net income of 744.566 billion yen or 53.40 yen per basic share, compared with 818.842 billion yen or 57.18 yen per basic share of last year.
Pre-tax income declined to 1.034 trillion yen from 1.093 trillion yen of previous year quarter.
Operating income was at 956.652 billion yen, higher than 784.370 billion yen of 2021.
Other finance costs were at 37.963 billion yen, higher than 9.193 billion yen of a year ago.
Foreign exchange loss stood at 163.080 billion yen as against 47.800 billion yen of previous year period.
Toyota generated sales revenue of 9.754 trillion yen, compared with 7.785 trillion yen of last year.
Looking ahead, for the fiscal 2023, the Japanese firm expects a net income of 2.360 trillion yen or 172.68 yen per basic share, on sales revenue of 36 trillion yen.
For the full-year, the company projects a pre-tax income of 3.340 trillion yen with operating earnings of 2.400 trillion yen.
Credit Suisse Buys Klein Group For $175 Mln
Credit Suisse Group AG (CS), a Swiss investment lender, said on Thursday that it has acquired The Klein Group LLC, the investment banking arm of M. Klein & Company LLC, for $175 million.
With this acquisition, Credit Suisse aims to carve out its CS First Boston as an independent capital markets and competitive advisory led business.
Following the completion of the transaction, anticipated to be closed in the first-half, MK&C is expected to be fully integrated into CS First Boston.
In addition, Credit Suisse has appointed Michael Klein as CEO of Banking and Americas, as well as designated CEO of CS First Boston.
M. Klein & Company will receive equity in CS First Boston in the form of a convertible note.
“The note will provide annual payments and convert into, and the warrant entitles the seller to subscribe to, CS First Boston shares at a qualified initial public offering or other liquidity event, at the then-valuation of CS First Boston…,” Credit Suisse said in a statement.
Nippon Steel 9-month Profit Climbs
Nippon Steel Corporation (NISTY.PK,NISTF.PK), a Japanese steel maker, on Thursday reported a rise in earnings for the nine-month period to December, reflecting an increase in revenue.
For the nine-month period ended on December 31, 2022, the Tokyo-headquartered firm posted a net income of 548.454 billion yen or 561.58 yen per basic share, compared with 528.832 billion yen or 551.60 yen per basic share of last year period.
Pre-tax income rose to 748.281 billion yen from 709.775 billion yen of previous year.
Operating income was at 761.844 billion yen, higher than 728.136 billion yen of 2021.
Nippon generated revenue of 5.961 trillion yen, compared with 4.942 trillion yen of last year.
Looking ahead, for the fiscal 2022, the Japanese firm expects a net income of 670 billion yen or 728 yen per basic share, on revenue of 8.000 trillion yen.
For the full-year, the company now intends to pay an annual dividend of 180 yen per share.
Astrazeneca Swings To Profit In Q4, But Revenue Falls
Astrazeneca Plc (AZN.L), a British-Swedish drug major, on Thursday reported a turnaround to profit for the fourth-quarter. However, the company reported a fall in revenue.
For the final-quarter, the Cambridge-headquartered company registered a pre-tax income of $778 million, compared with a loss of $636 million a year ago.
Post-tax profit was at $902 million or $0.58 per share, compared with a loss of $346 million or $0.22 per share of last year. Operating income stood at $1.094 billion as against a loss of $292 million.
EBITDA rose to $2.574 billion from $1.900 billion from the last quarter of 2021.
Revenue for the period fell to $11.207 billion from previous year’s $12.011 billion.
The company has declared a second interim dividend of $1.97 per share, bringing the total full-year dividend to $2.90 per share. The second interim dividend will be paid on March 27, to shareholders of record on February 24.
The first interim dividend will be paid on September 11, to shareholders of record on August 11.
Looking ahead, for the fiscal 2023, the drug maker expects its revenue to rise by a low-to-mid single-digit percentage, excluding Covid-19 medicines the full-year revenue is projected to increase by a low double-digit percentage.
For the full-year, Astrazeneca forecast its Core EPS to increase by a high single-digit to low double-digit percentage.