- Le vendite nette consolidate sono state positive e sono aumentate nel secondo trimestre, guidate da ottime prestazioni in Legal e Markets
- Ricavi ricorrenti nel secondo trimestre in calo dell'1% prima della conversione valutaria
- Ricavi della divisione Professional in crescita del 2% prima della conversione; ricavi della divisione Markets in calo del 3% prima della conversione
- Utile di gestione sottostante pari a $ 655 milioni, in calo del 17%
- EPS rettificato pari a $ 0.47 contro $ 0.58 nello stesso periodo dell'esercizio precedente
- Free cash flow sottostante per ai $ 751 milioni, in calo dell'11%
- Riconferma delle prospettive 2010
NEW YORK, 29 luglio 2010 - Thomson Reuters (TSX / NYSE: TRI), leader al mondo nella fornitura di informazioni per aziende e professionisti, ha reso oggi noti i risultati del secondo trimestre conclusosi il 30 giugno 2010. La società ha riferito ricavi continuativi pari a $ 3.2 miliardi, utili di gestione sottostanti pari a $ 655 milioni, un margine operativo del 20,4% e free cash flow sottostante pari a $ 751 milioni.
"I am pleased with the continuing progress the company has made in the first half of the year. While our markets are only slowly improving, we have seen accelerating results in terms of revenues, net sales and customer uptake of our new products," said Thomas H. Glocer, chief executive officer of Thomson Reuters. "Based on these encouraging trends, we expect that Thomson Reuters will return to revenue growth in the third quarter."
"We attribute our expected return to growth to our decision not to cut investment in innovation and new product platforms in 2010. While investments in the launch of products like WestlawNext, Thomson Reuters Eikon and the ONESOURCE global tax workstation are still expected to suppress margins by some 100 basis points in 2010, they will enable us to drive growth, strengthen our competitive position and improve margins for years to come."
Consolidated Financial Highlights
| | Three Months Ended June 30, | | | | | | (Millions of U.S. dollars, except EPS and profit margin) | | | | | | | | | | | IFRS Financial Measures | 2010 | 2009 | Change | | | Revenues | $3,216 | $3,293 | -2% | | | Operating profit | $435 | $475 | -8% | | | Diluted earnings per share (EPS) | $0.35 | $0.38 | -8% | | | Cash flow from operations | $888 | $1,006 | -12% | | | | | | | | | Non-IFRS Financial Measures[1] |
2010 |
2009 | Change | Change Before Currency | | Revenues from ongoing businesses | $3,216 | $3,275 | -2% | -1% | | Underlying operating profit | $655 | $792 | -17% | -12% | | Underlying operating profit margin | 20.4% | 24.2% | -380bp | | | Adjusted earnings per share (EPS) | $0.47 | $0.58 | -19% | | | Underlying free cash flow | $751 | $846 | -11% | |
[1] These and other non-IFRS financial measures are defined and reconciled to the most directly comparable IFRS measure in the tables appended to this news release. Additional information is provided in the explanatory note at the end of this news release.
- Revenues from ongoing businesses were $3.2 billion, a decrease of 2% after currency and a decrease of 1% before currency. Good growth in Enterprise, Legal's subscription businesses and Tax & Accounting was offset by expected softness in Legal print and non-subscription revenues and a decline in Sales & Trading and Investment & Advisory revenues due to flow-through from prior-year negative net sales.
- Underlying operating profit declined 17%, attributable to lower revenues, product mix, previously announced investments and unfavorable currency movements. Underlying operating profit declined 12% before currency.
- Adjusted EPS was $0.47 compared to $0.58 in the prior-year period. The decline was largely attributable to lower underlying operating profit.
- Underlying free cash flow was $751 million, a decline of 11% versus the prior-year period.
- Integration and legacy savings programs continue to progress well, achieving run-rate savings of $1.3 billion towards a previously announced goal of $1.6 billion of run-rate savings by the end of 2011.
CONTACT
| MEDIA | INVESTORS | | | | | Calvin Mitchell | Frank Golden | | Senior Vice President, Corporate Affairs | Senior Vice President, Investor Relations | | +1 646 223 5285 | +1 646 223 5288 | | calvin.mitchell@thomsonreuters.com | frank.golden@thomsonreuters.com | | | | | Victoria Brough | | | Head of External Affairs, EMEA | | | +44 (0)207 542 8763 | | | victoria.brough@thomsonreuters.com | | | | | | | | | | | | | |
Please find the complete release including tables under the link below:
http://hugin.info/142273/R/1434666/380231.pdf
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