282m 75% +575m. Net sales Operating income before non-recurring items. Operating margin before non-recurring items. Net Loss.

Size: px
Start display at page:

Download "282m 75% +575m. Net sales Operating income before non-recurring items. Operating margin before non-recurring items. Net Loss."

Transcription

1

2 First-Half 2009 Financial Highlights Net sales Operating income before non-recurring items Operating margin before non-recurring items Net Loss Net debt-to-equity ratio Free cash flow** 7,134m 282m 4.0% (122)m 75% +575m % Change YoY -13.4% -60.2% -4.6 pts N/M* 9 pts improvement (vs. Dec. 31, 20) +1,020m *Non meaningful **Cash-flow from operating activities less cash flow from investing activities 2 - First-Half 2009 Results July 31, 2009

3 3 - First-Half 2009 Results July 31, 2009

4 Sharp Drop in World Markets Passenger Car/Light Truck Markets at June 30, 2009 % change YoY Europe with CIS North America Asia South America Africa Middle East Total Original Equipment Replacement -12.1* *Europe excluding CIS: -6.5% Truck (radial market) Europe with CIS North America Asia South America Africa Middle East Total Original Equipment Replacement First-Half 2009 Results July 31, 2009

5 12 10 US Economic Indicators Continued to Weaken in H Unemployment rate (adjusted for seasonal fluctuations) 5% 4% Average hourly wage (% change, YOY) % 2% 1% % Private savings rate (as a % of disposable income) Construction starts (thousands, rolling 12 months) First-Half 2009 Results July 31, 2009

6 Similar Macroeconomic Scenario in Europe 10,0 9,5 9,0 8,5 8,0 7,5 Europe OECD Unemployement Rate 9,67 9,38 9,18 8,70 8,52 8,2 8,30 8,0 8,00 7,9 7,85 7,92 7,7 7,6 7,55 7,63 7,71 % Industrial Production 7,0 6,5-10 6,0 5,5-15 5, janv-06 avr-06 juil-06 oct-06 janv-07 avr-07 juil-07 oct-07 janv- avr- juil- oct- janv-09 avr-09 Private Savings Rate Source: Global Insight Customer Satisfaction Index France Allemagne Germany janv-98 juil-98 janv-99 juil-99 janv-00 juil-00 janv-01 juil-01 janv-02 juil-02 janv-03 juil-03 janv-04 juil-04 janv-05 juil-05 janv-06 juil-06 janv-07 juil-07 janv- juil- janv-09 juil First-Half 2009 Results July 31, 2009

7 Chinese Inventory Rebuilding Insufficient to Qualify as a True Global Economic Upturn Jan- Feb- Reuters/Jefferies-CRB Index* Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- *Raw Material Purchase Index Jan- Feb- Mar- 7 - First-Half 2009 Results July 31, 2009 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 China Purchase Manager Index (PMI) & ISM Manufacturing Report Jul Oct Jan 09 Apr 09 Jul 09 Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Baltic Dry Index China PMI US ISM Manufacturing Report

8 Heavy Destocking in H1 Europe North America Q1 Q2 Q3 Q4 Q1 09 Q2 09 Q1 Q2 Q3 Q4 Q1 09 Q Original Equipment Markets change in % Replacement Markets change in % First-Half 2009 Results July 31, 2009

9 Slight Improvement in US Vehicle Miles Traveled in April and May 3,050 3,000 2,950 Miles in billions 2,900 2,850 2,800 2,750 2, First-Half 2009 Results July 31, 2009

10 OE* Markets tending to bottom out at very low level Huge Destocking in Replacement Markets Europe North America Q1 Q2 Q3 Q4 Q1 09 Q2 09 Q1 Q2 Q3 Q4 Q1 09 Q Original Equipment Markets change in % Replacement Markets change in % -5-8 * Original Equipment First-Half 2009 Results July 31, 2009

11 Steep Drop in Truck Registrations in Europe Truck Registration Trends >16t in rolling 12 months In units 340, , , , , , First-Half 2009 Results July 31, 2009

12 Average US Truck Fleet Age at Historic High Average age E P A E P A E P A Environmental Protection Agency New Regulation 12 - First-Half 2009 Results July 31, 2009

13 Western Europe Freight Tonnage Down approx. 15% vs Q4 20 Monthly Truck Tonnage in France and Spain (as of May 31, 2009) In France In Spain 210, , , , , , , , First-Half 2009 Results July 31, 2009

14 US Freight Tonnage Down 13.6% Since June 20 Truck Tonnage in the United States (as of June 30, 2009) June -13.6% June Source: ATA Truck Tonnage Index 14 - First-Half 2009 Results July 31, 2009

15 15 - First-Half 2009 Results July 31, 2009

16 Net Sales Declined by 13.4% at Current Exchange Rates YoY change (in millions) as a % of net sales -1,917 8,239 Volumes -23.3% Price Mix +9.6% Currency +2.9% 7, % H1 20 Net Sales H Net Sales 16 - First-Half 2009 Results July 31, 2009

17 Sharp Drop in H1 Volumes Price Mix Steady YoY change in % Volumes Price Mix Currency Q1 Q2 Q3 Q4 Q1 09 Q2 09 Q1 Q2 Q3 Q4 Q1 09 Q2 09 Q1 Q2 Q3 Q4 Q1 09 Q First-Half 2009 Results July 31, 2009

18 Operating Income: Sharp Drop in Volumes Partly Offset by the Price Mix YoY in millions, as a % of sales Price mix H1 20 Operating Income before non-recurring items Volumes Currency Other External Costs* (o/w raw materials: (117)m % H Operating Income before non-recurring items *External costs: raw materials, energy, logistics at constant exchange rates 18 - First-Half 2009 Results July 31, 2009

19 Raw Materials Costs Down -500/-600M in 2009 After Six Years of Increases In millions (at constant exchange rates) / (e) 19 - First-Half 2009 Results July 31, 2009

20 Firm Resistance in Passenger Car and Specialty Businesses Steep Drop in Truck Tires Operating margin before non-recurring items, as a % of net sales 20% 17.8% 7.6% 6.3% 5.2% 8.6% 4.0% -7.9% Passenger Car Light Truck & Distribution Truck & Distribution Specialty Businesses Total H1 20 H First-Half 2009 Results July 31, 2009

21 Good Resilience of the Michelin Brand Passenger Tourisme Car camionnette Light Truck & Distribution & RelatedAssociée Distribution Net Sales H (in millions) 3,949 YoY (% change ) -9.4% Operating Income (before non-recurring items) % Operating Margin (before non-recurring items) 6.3% -1.3 points 21 - First-Half 2009 Results July 31, 2009

22 Significant Drop in Volumes Truck Poids & Related lourd & Distribution Associée Net Sales H (in millions) 2,071 YoY (% change ) -23.2% Operating Income (before non-recurring items) (163) N/M Operating Margin (before non-recurring items) -7.9% point 22 - First-Half 2009 Results July 31, 2009

23 Sustained High Margins Specialty Activités Businesses de spécialités Net Sales H (in millions) 1,114 YoY (% change ) -6.1% Operating Income (before non-recurring items) % Operating Margin (before non-recurring items) 17.8% -2.2 points 23 - First-Half 2009 Results July 31, 2009

24 Strong Impact From Non-Recurring Expenses in millions Net Sales H H1 20 YoY 7,134 8, % Operating Income (before non-recurring items) % of net sales % 7 8.6% -60.2% -4.6 points Non-Recurring Expenses (292) - - Operating Income (10) 7 - Cost of Net Debt Other Financial Income and Expenses (138) (106) - Income Tax +23 (181) - Share of Profit from Associates Net Loss (122) First-Half 2009 Results July 31, 2009

25 25 - First-Half 2009 Results July 31, 2009

26 Strong Free Cash Flow Generation in millions EBITDA* (before non-recurring items) H H1 20 YoY 751 1, Change in inventory ,033 Change in trade receivables Change in payables Tax and finance costs paid Change in provisions Other WCR OPERATING CASH FLOW Gross capex Other FREE CASH FLOW** ,020 *EBITDA before non-recurring items: operating income excluding depreciation, amortization and impairment of PP&E and intangibles **Free cash flow: operating cash flow less gross capex and other 26 - First-Half 2009 Results July 31, 2009

27 Responsive Production Actions Have Brought Inventories Under Control End Dec. 07 End Mar. Quarterly change in volumes End June End Sept. End Dec. End Mar. 09 End June First-Half 2009 Results July 31, 2009

28 Sharp Reduction in Net Debt In millions 4, Free cash flow Other Currency 3,818 Dividend (cash) Net debt January 1, 2009 Net Debt June 30, First-Half 2009 Results July 31, 2009

29 Record Low Gearing by End-June Despite the Difficult Environment 112% 104% 90% 90% 89% 86% 70% 80% 84% 75% /30/ /30/ /30/ /30/ 20 06/30/09 Gearing: Net debt/equity 29 - First-Half 2009 Results July 31, 2009

30 2009: Focusing on Key Economic and Financial Metrics Strongly improved responsive production actions Costs under control Inventory down in volume and in unit value Capex scaled back sharply except in emerging markets Objective: Generate positive free cash flow in H First-Half 2009 Results July 31, 2009

31 31 - First-Half 2009 Results July 31, 2009

32 Production Capacity in Growth Regions Will Increase Brazil: new Passenger Car/Light Truck tire plant India : new Truck and Earthmover tire plant China: doubling Truck and Passenger Car/Light Truck production capacity 32 - First-Half 2009 Results July 31, 2009

33 33 - First-Half 2009 Results July 31, 2009

34 Gains in Logistics and SG&A Costs in Line with Objectives m in gains H Objectives Cumulated Gains in millions 34 - First-Half 2009 Results July 31, 2009

35 Ongoing Product Range Optimization m in gains 8,000 g 7,200 g H Objectives Cumulated Gains in millions 35 - First-Half 2009 Results July 31, 2009

36 Sustained Productivity Efforts Despite Fall in Volumes Tonnage/Headcount* 100 Production H1 20 H H1 20 H * Including temps 36 - First-Half 2009 Results July 31, 2009

37 A Steady Decline in the Headcount Since June , % 120, , , % 114, , ,000 1,000 June- July- August- Sept- Oct- Nov- Dec- Jan-09 Feb-09 Mar-09 Apr-09 May-09 June-09 Employees on payroll (excluding temps) 37 - First-Half 2009 Results July 31, 2009

38 38 - First-Half 2009 Results July 31, 2009

39 Regulations Geared to Safety and Environment Improve safety Reduce air pollution Limit noise pollution 39 - First-Half 2009 Results July 31, 2009

40 New Tire Regulation Strengthens Michelin s Brand Equity All tire types Labeling: Fuel consumption categories Wet grip categories External rolling noise categories Minimum performances threshold Applicable in First-Half 2009 Results July 31, 2009

41 More Flexible and Responsive for a Greater Rebound 41 - First-Half 2009 Results July 31, 2009

42

43 Contacts Investor Relations Valérie Magloire Jacques-Philippe Hollaender +33 (0) , avenue de Breteuil Paris Cedex 07 France investor-relations@fr.michelin.com 43 - First-Half 2009 Results July 31, 2009

44 Disclaimer «This presentation is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed ed information on Michelin, please consult the documentation published in France by Autorité des Marchés Financiers available from the website. This presentation could contain a number of provisional statements. ts. Although the Company believes that these statements are based on reasonable assumptions at the time of the publication of this document, they are by nature subject to risks and contingencies liable to translate into a difference between actual data and the forecasts made or induced by these statements.» 44 - First-Half 2009 Results July 31, 2009

NET SALES AT SEPTEMBER 30, October 28, 2013

NET SALES AT SEPTEMBER 30, October 28, 2013 NET SALES AT SEPTEMBER 30, 2013 October 28, 2013 1 NET SALES AT 30 SEPTEMBER 30, 2013 October 28, 2013 Net Sales of 15,282m over First 9 Months, Sales Volumes Up 2% in 3 rd Quarter Markets: up in Q3 Europe:

More information

NET SALES at September 30, 2014

NET SALES at September 30, 2014 NET SALES at September 30, 2014 October 22, 2014 1 Net sales at September 30, 2014 October 22, 2014 Net sales of 14,558m in a still slowing global market The market slowdown observed since the second quarter

More information

April 20, Net Sales at March 31, 2017

April 20, Net Sales at March 31, 2017 April 20, 2017 Net Sales at March 31, 2017 Q1 2017: 5.6 billion in net sales (up 10%), with strong growth in volumes Generally expanding market environment Sustained OE demand RT demand buoyed by early

More information

2013 Autumn Conference

2013 Autumn Conference KEPLER CHEUVREUX 2013 Autumn Conference Paris, September 18, 2013 1 Kepler Cheuvreux 2013 Autumn Conference September 18, 2013 September 18, 2013 2013 AUTUMN CONFERENCE 1 STRATEGY MOVING FORWARD AS SCHEDULED

More information

Months Investor Presentation

Months Investor Presentation 2018 9 Months Investor Presentation 25.10.2018 Disclaimer Ereğli Demir Çelik Fabrikaları T.A.Ş. (Erdemir) may, when necessary, make written or verbal announcements about forward-looking information, expectations,

More information

Earnings conference call. Q4 and Full year 2015

Earnings conference call. Q4 and Full year 2015 Earnings conference call Q4 and Full year 2015 Bo Annvik, CEO / Åke Bengtsson, CFO 11 February 2016 1 Agenda Business Highlights Market Update Sales Financials Outlook 2 2015 in numbers Operating margin

More information

2010 1Q Investor Meeting. May 2010

2010 1Q Investor Meeting. May 2010 2010 1Q Investor Meeting May 2010 This presentation contains preliminary figures which may be materially different from the final figures. While the statements in this presentation represent our current

More information

TOFAŞ Q ANALYST PRESENTATION

TOFAŞ Q ANALYST PRESENTATION TOFAŞ Q1 2016 ANALYST PRESENTATION 03.05.2016 1 2016 Q1 AGENDA Highlights Turkish Automotive Industry Production & Capacity Utilization Domestic Market Developments Tofaş Domestic Market Performance Export

More information

Q Analyst Teleconference. 9 August 2018

Q Analyst Teleconference. 9 August 2018 9 August 218 Disclaimer This presentation contains forward-looking statements that reflect the Company management s current views with respect to certain future events. Although it is believed that the

More information

1. Trends in the current fiscal year and previous fiscal year 3. Business overview 2. Secular trends in first quarter financial results

1. Trends in the current fiscal year and previous fiscal year 3. Business overview 2. Secular trends in first quarter financial results FY2/19 (March 2018~May 2018) Fact Book 1. Trends in the current fiscal year and previous fiscal year 3. Business overview (1) Performance overview P. 1 (1) No. of students at the end of month P. 6 (2)

More information

GERMANY UBS. March 12-13, 2014

GERMANY UBS. March 12-13, 2014 GERMANY UBS March 12-13, 2014 1 GERMANY UBS March 12-13, 2014 March 12-13, 2014 GERMANY 1 2 3 4 5 2013: GOOD RESULTS ACHIEVED IN AN UNEVEN ENVIRONMENT TIRE MARKETS GENERALLY IMPROVING CONTINUING PRODUCT

More information

JANUARY 22, 2019 MICHELIN ACQUIRES MULTISTRADA, THEREBY GAINING EFFICIENT PRODUCTION CAPACITY OF 180 KT IN INDONESIA

JANUARY 22, 2019 MICHELIN ACQUIRES MULTISTRADA, THEREBY GAINING EFFICIENT PRODUCTION CAPACITY OF 180 KT IN INDONESIA JANUARY 22, 2019 MICHELIN ACQUIRES MULTISTRADA, THEREBY GAINING EFFICIENT PRODUCTION CAPACITY OF 180 KT IN INDONESIA With leading Indonesian tire manufacturer Multistrada, Michelin gains competitive Tier

More information

TOFAŞ RESULTS WEBCAST PRESENTATION

TOFAŞ RESULTS WEBCAST PRESENTATION TOFAŞ 31.12.2016 RESULTS WEBCAST PRESENTATION 02.02.2017 1 WEBCAST AGENDA Highlights Turkish Automotive Industry Production Domestic Market Developments Tofaş Domestic Market Performance Export Markets

More information

Third quarter AB Volvo

Third quarter AB Volvo 1 VOLVO GROUP Slowing demand and lower earnings driven by one-offs and under-absorption SALES TREND SEK bn 12 months 318 bn OPERATING INCOME SEK bn 12 months* 25 bn 64 73 69 4.9 5.8 4.0* Q3 Q4 Q1 Q2 Q3

More information

February Annual Results February 13, 2008

February Annual Results February 13, 2008 February 2008 1 Annual Results February 13, 2008 AGENDA AGENDA 2007 Highlights 2007 Financial Results x Competitiveness Sales and products dynamic International 2008 Outlook February 2008 2 2007: performance

More information

FY2/18 2Q(March 2017~August 2018)

FY2/18 2Q(March 2017~August 2018) FY2/18 2Q(March 2017~August 2018) Fact Book 1. Trends in the current fiscal year and previous fiscal year 3. Business overview (1) Performance overview P.1 (1) No. of students at the end of month P.7 (2)

More information

Q3 Results November 16, 2006 Analyst Presentation

Q3 Results November 16, 2006 Analyst Presentation Q3 Results 2006 November 16, 2006 Analyst Presentation Group Sales (in million Euro) Total Sales 2,395 +3.3% (+2.4%)* 2,474 Split per Business Group (YTD) Specialty Products 7% Q3 797 +1.0% (+2.5%)* 805

More information

FY H1 Financial Results

FY H1 Financial Results FY2011 1 H1 Financial Results November 8, 2010 1 Copyright(C) 2010 Isuzu Motors Limited All rights reserved Contents Ⅰ. President and Representative Director : Susumu Hosoi :FY2011 H1 Financial Summary

More information

Q3 & 9M 2018 Results Presentation. October 24 th, 2018

Q3 & 9M 2018 Results Presentation. October 24 th, 2018 Q3 & 9M 2018 Results Presentation October 24 th, 2018 Q3 & 9M HIGHLIGHTS & CATEGORY SPOTLIGHTS Gonzalve BICH 3Q and 9M 2018 Results Presentation 2 9 Months 2018 Key Messages Continued challenging trading

More information

1 st Half 2018 Results. August 1 st, 2018

1 st Half 2018 Results. August 1 st, 2018 1 st Half 2018 Results August 1 st, 2018 H1 HIGHLIGHTS & CATEGORY SPOTLIGHTS Gonzalve BICH 2 First Half 2018 Key Messages Challenging market and business environment Continued investment in targeted Brand

More information

Q Financial Results

Q Financial Results Q3 2018 Financial Results 1 Forward-looking statement The statements on the future in this presentation, including expected sales and earnings, are associated with risks and uncertainties and may be affected

More information

BUSINESS OVERVIEW FEBRUARY

BUSINESS OVERVIEW FEBRUARY BUSINESS OVERVIEW FEBRUARY 2018 Except for historical information, the statements made in this presentation constitute forward looking statements. These include statements regarding the intent, belief

More information

MICHELIN A better way forward

MICHELIN A better way forward MICHELIN A better way forward Source: Annual and sustainable development report 1 KEY FIGURES Michelin sites Environmental Footprint reduced by -33 % Employees 115,000 New hires 14,036 Net sales 20.7 bn

More information

Earnings conference call Q4 & FY 2016

Earnings conference call Q4 & FY 2016 Earnings conference call Q4 & FY 2016 Bo Annvik, CEO / Åke Bengtsson, CFO February 10, 2016 1 Agenda Business Highlights Market Update Sales Financials Way forward 2 Business Summary FY 2016 A year with

More information

TOFAŞ RESULTS WEBCAST PRESENTATION

TOFAŞ RESULTS WEBCAST PRESENTATION TOFAŞ 31.12.2017 RESULTS WEBCAST PRESENTATION 02.02.2018 AGENDA Highlights Turkish Automotive Industry Production Domestic Market Developments Tofaş Domestic Market Performance Export Markets & Tofaş Performance

More information

AUTUMN CONFERENCE CHEUVREUX Paris. Cheuvreux Conference - Paris

AUTUMN CONFERENCE CHEUVREUX Paris. Cheuvreux Conference - Paris AUTUMN CONFERENCE CHEUVREUX Paris September 25 juillet 20 th, 2012 1 This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, PEUGEOT SA ( Company ) shares. This presentation

More information

Volvo Group THIRD QUARTER 2015 JAN GURANDER. Volvo Group Headquarters Third quarter

Volvo Group THIRD QUARTER 2015 JAN GURANDER. Volvo Group Headquarters Third quarter Volvo Group THIRD QUARTER 2015 JAN GURANDER 1 VOLVO GROUP Third quarter highlights NET SALES SEK bn 12 months 310 bn IMPROVED PROFITABILITY ON FLAT VOLUMES UNDERLYING OPERATING MARGIN 6.9% 67 73 OPERATING

More information

Economic & Steel Market Development in Japan

Economic & Steel Market Development in Japan 1 Economic & Steel Market Development in Japan 68 th OECD Steel Committee Paris May 6-7, 2010 The Japan Iron & Steel Federation 2 Macro-economic overview Steel Supply and Demand v v v Steel Production

More information

FY2012. H1 Financial Results. November 8, Copyright(C) 2011 Isuzu Motors Limited All rights reserved

FY2012. H1 Financial Results. November 8, Copyright(C) 2011 Isuzu Motors Limited All rights reserved FY2012 H1 Financial Results November 8, 2011 1 Copyright(C) 2011 Isuzu Motors Limited All rights reserved Ⅰ. President and Representative Director : Susumu Hosoi :FY2012 H1 Financial Summary Outline Ⅱ.

More information

Global Monthly March 2019

Global Monthly March 2019 Global Monthly March 19 Percent of world bonds outstanding 3 5 15 5 Jan-1 Jun-1 Nov-1 Apr-15 Sep-15 Feb-1 Jul-1 Dec-1 May-17 Oct-17 Mar-1 Aug-1 Dec-1 Mar-19 March 19 Percent, year-on-year 7 5 3 1 1Q1 1Q

More information

On track. Investor and Analyst Presentation On the Occasion of the Release of the Preliminary Figures for FY 2011 Hanover, 19 January 2012

On track. Investor and Analyst Presentation On the Occasion of the Release of the Preliminary Figures for FY 2011 Hanover, 19 January 2012 On track. Investor and Analyst Presentation On the Occasion of the Release of the Preliminary Figures for FY 2011 Agenda Delticom at a Glance Business Model Profit & Loss Balance Sheet Outlook 2 Agenda

More information

2Q06 Results. Investor Relations

2Q06 Results. Investor Relations 2Q06 Results Investor Relations Content 1. 2Q06 Key Results 2. Summarized Income Statement 3. Balance Sheet as of Jun. 2006 4. Outlook for 2006 5. Result & Outlook By Division Appendix : 2Q06 Results Breakdown

More information

FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Quarter Results Fiscal Year March 2018 Full Year Forecast Structural Reform Stage 2 Progress

More information

FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS. Mazda Roadster 25 th Anniversary Model

FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS. Mazda Roadster 25 th Anniversary Model FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS Mazda Roadster 25 th Anniversary Model Mazda Motor Corporation July 31, 2014 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015 First Quarter

More information

Earnings conference call Q3 2016

Earnings conference call Q3 2016 Earnings conference call Q3 2016 Bo Annvik, CEO / Åke Bengtsson, CFO October 25, 2016 1 Agenda Business Highlights Market Update Sales Financials Outlook Public offer 2 Business Highlights Q3 2016 Solid

More information

FY2/18 (March 2017~February 2018)

FY2/18 (March 2017~February 2018) FY2/18 (March 2017~February 2018) Fact Book 1. Trends in the current fiscal year and previous fiscal year 3. Business overview (1) Performance overview P. 1 (1) No. of students at the end of month P. 6

More information

Interim results June 30, 2003

Interim results June 30, 2003 1 Interim results June 30, 2003 2 In units W orldwide sales at June 30 (cars and light commercial vehicles) > Worldwide sales at June 30, 2003: 1,689,200 cars and light commercial vehicles, versus 1,656,900

More information

Second quarter AB Volvo

Second quarter AB Volvo 1 VOLVO GROUP Strengthened focus on core business divests Volvo Aero Enterprise value of SEK 6.9 billion. Completion expected during the third quarter of 2012. acquires shares in Deutz AG Largest shareholder

More information

FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Half Results Fiscal Year March 2018 Full Year Forecast Progress of Key Initiatives/ Business

More information

Q RESULTS. 24 th April 2018

Q RESULTS. 24 th April 2018 Q1 2018 RESULTS 24 th April 2018 DISCLAIMER This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, PEUGEOT SA ( Company ) shares. This presentation may contain forward-looking

More information

Strong performance by the Bolloré Group s operating activities in 2018 Mr Cyrille Bolloré unanimously appointed Chairman and Chief Executive Officer

Strong performance by the Bolloré Group s operating activities in 2018 Mr Cyrille Bolloré unanimously appointed Chairman and Chief Executive Officer PRESS RELEASE 2018 results (1) March 14, 2019 Strong performance by the Bolloré Group s operating activities in 2018 Mr Cyrille Bolloré unanimously appointed Chairman and Chief Executive Officer Revenue:

More information

Baoshan Iron & Steel Co., Ltd. August 2010

Baoshan Iron & Steel Co., Ltd. August 2010 Baoshan Iron & Steel Co., Ltd. August 2010 1 Disclaimer: The following presentation distributed herewith includes forwardlooking statements. All statements, other than statements of historical facts, that

More information

2017 Q3 REVENUE. October 25 th, 2017

2017 Q3 REVENUE. October 25 th, 2017 2017 Q3 REVENUE October 25 th, 2017 DISCLAIMER This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, PEUGEOT SA ( Company ) shares. This presentation may contain

More information

FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS. New Mazda Demio

FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS. New Mazda Demio FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS New Mazda Demio Mazda Motor Corporation October 31, 2014 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015 First Half Results Fiscal Year March

More information

#Q3_2018. Orange financial results. Ramon Fernandez Deputy CEO, Finance, Performance and Europe. 25 October 2018

#Q3_2018. Orange financial results. Ramon Fernandez Deputy CEO, Finance, Performance and Europe. 25 October 2018 #Q3_20 Orange financial results Ramon Fernandez Deputy CEO, Finance, Performance and Europe 25 October 20 Disclaimer This presentation may contain forward-looking statements about Orange, particularly

More information

Interim statement as of 30 September 2017 Conference call

Interim statement as of 30 September 2017 Conference call Interim statement as of 30 September 2017 Conference call Dr. Volker Hues Member of the Board of Management, Finance Hamburg, 7 November 2017 Jungheinrich highlights Q1 Q3 2017 Forecast for the whole of

More information

Performance of Wipro Limited for Quarter and Year ended - March 31, 2013

Performance of Wipro Limited for Quarter and Year ended - March 31, 2013 Performance of Wipro Limited for Quarter and Year ended - March 31, 2013 Suresh Senapaty Executive Director and Chief Financial Officer April 19, 2013 1 Financial Summary for the Year Ended March 31, 2013

More information

On track. Investor and Analyst Presentation On the Occasion of the Release of the Preliminary Figures for 9M 2011 Hanover, 18 October 2011

On track. Investor and Analyst Presentation On the Occasion of the Release of the Preliminary Figures for 9M 2011 Hanover, 18 October 2011 On track. Investor and Analyst Presentation On the Occasion of the Release of the Preliminary Figures for 9M 2011 Agenda Delticom at a Glance Business Model Profit & Loss Balance Sheet Outlook 2 Agenda

More information

Earnings conference call

Earnings conference call Earnings conference call Full year 2017 Åke Bengtsson, President & CEO Andreas Ekberg, Acting CFO February 14, 2018 1 Agenda Business Summary Market Update Sales Financials Way forward 2 Business Summary

More information

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS FISCAL YEAR MARCH 214 FINANCIAL RESULTS Mazda CX-5 Mazda Atenza Mazda Motor Corporation April 25, 214 New Mazda Axela 1 PRESENTATION OUTLINE Highlights Fiscal Year March 214 Results Fiscal Year March 215

More information

GROUPE RENAULT NATIXIS CONFERENCE INDUSTRIALS PLENARY SESSION

GROUPE RENAULT NATIXIS CONFERENCE INDUSTRIALS PLENARY SESSION GROUPE RENAULT NATIXIS CONFERENCE INDUSTRIALS PLENARY SESSION DISCLAIMER Information contained within this document may contain forward looking statements. Although the Company considers that such information

More information

Commercial-in-Confidence Ashton Old Baths Financial Model - Detailed Cashflow

Commercial-in-Confidence Ashton Old Baths Financial Model - Detailed Cashflow Year 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 2,038 2,922 4,089 4,349 6,256 7,124 8,885 8,885 8,885 8,885 8,885 8,885 9,107

More information

Kongsberg Automotive ASA. Third quarter November 7, 2018

Kongsberg Automotive ASA. Third quarter November 7, 2018 Kongsberg Automotive ASA Third quarter - November 7, Q3 Highlights Continued improvements in turbulent times Revenues increased YoY by MEUR 18.3 (~8%) to MEUR 259 including negative FX effects of MEUR

More information

Global Monthly February 2018

Global Monthly February 2018 Global Monthly February 18 3 1-year Treasury yields 1-year breakeven inflation rate 1 1 15 16 17 18 February 18 5 3 Global GDP growth Composite PMI (RHS) Index 56 5 5 1 5 1 13 1 15 16 17 18 3..5. 1.5 1.

More information

Conference Call H Düsseldorf August 4, 2016

Conference Call H Düsseldorf August 4, 2016 R H E I N M E TA L L A G T H E T EC H N O LO GY G RO U P FO R S EC U R I T Y A N D M O B I L I T Y Conference Call Düsseldorf August 4, 2016 RHEINMETALL AG 2016 Rheinmetall Group Highlights Increased sales,

More information

FY2/17 3Q(March 2016~November2016)

FY2/17 3Q(March 2016~November2016) FY2/17 (March 2016~November2016) Fact Book 1. Trends in the current fiscal year and previous fiscal year 3. Business overview (1) Performance overview P. 1 (1) No. of students at the end of month P. 7

More information

Kongsberg Automotive ASA. Fourth quarter February 28, 2019

Kongsberg Automotive ASA. Fourth quarter February 28, 2019 Kongsberg Automotive ASA Fourth quarter - February 28, 2019 Highlights Q4 Sales Revenues grew by 21 (7.3%) YoY to 288 including negative FX effects of 1. We booked new business with 77 in expected annual

More information

Dave Carroll Capital Markets Day Markets Update

Dave Carroll Capital Markets Day Markets Update Dave Carroll Capital Markets Day 2004 Markets Update Tomkins Operates in Diverse End Markets Breakdown 2003 Sales ( 3,150m, US$4,795m) Non-Residential Construction 11% Other 9% Automotive OE 27% Residential

More information

Q SALES Strong sales growth and robust outperformance Confirmed FY 2018 guidance. October 11, 2018

Q SALES Strong sales growth and robust outperformance Confirmed FY 2018 guidance. October 11, 2018 Q3 2018 SALES Strong sales growth and robust outperformance Confirmed FY 2018 guidance October 11, 2018 Agenda 1 Q3 2018 Sales p. 3 2 Update on IFRS 15 - Clarification about R&D capitalization p. 13 3

More information

BUSINESS YEAR 2007 RESULTS

BUSINESS YEAR 2007 RESULTS BUSINESS YEAR 2007 RESULTS EVOLUTION OF THE STAINLESS STEEL WORLD PRODUCTION Million Mt. YEAR 2003 YEAR 2004 YEAR 2005 YEAR 2006 YEAR 2007 (estimated) 9.5 10.6 2.7 9.8 11.9 2.9 9.1 12.5 2.7 10.3 15.1 3.0

More information

ANALYST BRIEFING FOR THE FOURTH QUARTER ENDED FEBRUARY 2017

ANALYST BRIEFING FOR THE FOURTH QUARTER ENDED FEBRUARY 2017 ANALYST BRIEFING FOR THE FOURTH QUARTER ENDED 2016 22 FEBRUARY 2017 MSM Malaysia Holdings Berhad Analyst Briefing Q4 2016 22/2/2017 1 CONTENTS 01 02 03 04 05 Group Financial Highlights Performance Review

More information

Q Sales inc. VAT 17 January 2013

Q Sales inc. VAT 17 January 2013 Sales growth in the fourth quarter and in 2012 Continued growth in emerging markets, notably Latin America, better quarter in France Q4 2012 sales (inc. VAT): +0.8% to 22.9bn Full-year 2012 sales (inc.

More information

RESILIENCE MBM RESOURCES BERHAD ( V) Analyst Briefing 24 August 2017

RESILIENCE MBM RESOURCES BERHAD ( V) Analyst Briefing 24 August 2017 RESILIENCE MBM RESOURCES BERHAD (284496-V) Analyst Briefing 24 August 217 1 1 DISCLAIMER The information and opinions contained in this presentation are provided as at the date of the document. Certain

More information

FY2015 First Quarter Financial Results. SUZUKI MOTOR CORPORATION 3 August 2015

FY2015 First Quarter Financial Results. SUZUKI MOTOR CORPORATION 3 August 2015 First Quarter Financial Results SUZUKI MOTOR CORPORATION 3 August 2015 Consolidated: Financial Summary Page2 Increased net sales and operating income/ordinary income Decreased net income attributable to

More information

ANALYST BRIEFING FOR THE THIRD QUARTER ENDED NOV 2016

ANALYST BRIEFING FOR THE THIRD QUARTER ENDED NOV 2016 ANALYST BRIEFING FOR THE THIRD QUARTER ENDED 2016 21 NOV 2016 MSM Malaysia Holdings Berhad Analyst Briefing Q3 2016 21/11/2016 1 CONTENTS 01 02 03 04 05 Group Financial Highlights Performance Review Sugar

More information

Revised July 17, 2017

Revised July 17, 2017 Revised July 17, 2017 ISM Manufacturing Purchasing Managers Index (June 2016 June 2017) 66 64 62 60 58 56 54 52 50 48 46 Jun-16 Jul Aug Sept Oct Nov Dec Jan-17 Feb Mar Apr May Jun Purchasing Managers'

More information

Results for the Three Months ended June 30, 2018

Results for the Three Months ended June 30, 2018 Reference Translation Results for the Three Months ended June 30, 2018 July 31, 2018 AUTOBACS SEVEN CO., LTD. FY March 2019 Consolidated P/L Profit Loss/Gain: Net sales and gross profit decreased, and

More information

Consolidated Financial Results for 1Q FY2016 July 29, 2016 Fuji Electric Co., Ltd.

Consolidated Financial Results for 1Q FY2016 July 29, 2016 Fuji Electric Co., Ltd. Consolidated Financial Results for 1Q FY2016 July 29, 2016 Fuji Electric Co., Ltd. 2016Fuji Electric Co., Ltd. All rights reserved. 1 Summary of Consolidated Financial Results for 1Q FY2016 (YoY Comparison)

More information

1 st Half Joakim Olsson CEO and President July 17, Innovative Vehicle Technology

1 st Half Joakim Olsson CEO and President July 17, Innovative Vehicle Technology 1 st Half 2009 Joakim Olsson CEO and President July 17, 2009 Innovative Vehicle Technology 2009-07-17 Summary 1st half 2009 Sales of SEK 2,971m (4,473) Adjusted for currency exchange rates, sales declined

More information

FISCAL YEAR MARCH 2018 THIRD QUARTER FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 THIRD QUARTER FINANCIAL RESULTS FISCAL YEAR MARCH 2018 THIRD QUARTER FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 Nine Month Results Fiscal Year March 2018 Full Year Forecast Progress of Key Initiatives 1

More information

RESULTS FOR Q ANALYST TELECONFERENCE

RESULTS FOR Q ANALYST TELECONFERENCE RESULTS FOR Q4 216 ANALYST TELECONFERENCE Market 1 2 Operation Financials 3 Market 1 216 Fourth Quarter Market Conditions Product Market Crude Oil Postponed Maintenances Started to take place High Agricultural

More information

2007 3Q Investor Meeting. November 2007

2007 3Q Investor Meeting. November 2007 2007 3Q Investor Meeting November 2007 Company Overview Cumulative 3Q 2007 Results Result By Division Appendix Company Overview Overview Doosan Infracore is the largest machinery company in Korea and also

More information

1 Copyright(C) 2012 Isuzu Motors Limited All rights reserved

1 Copyright(C) 2012 Isuzu Motors Limited All rights reserved FY2012 Financial Results May 10, 2012 1 Copyright(C) 2012 Isuzu Motors Limited All rights reserved Contents Ⅰ. President and Representative Director : Susumu Hosoi FY2012 Overview Ⅱ. Director Director

More information

Honda FY2011 Rating Review

Honda FY2011 Rating Review Honda Information Meeting 213 Spring Honda FY211 Rating Review 214 Acura MDX 1 1 Honda Information Meeting Honda FY211 Rating Review Current Honda Business Business Strategy Automobile Business Motorcycle

More information

The German Market After the Scrapping Scheme. Sascha Heiden Senior Market Analyst Automotive Analysis and Forecasting

The German Market After the Scrapping Scheme. Sascha Heiden Senior Market Analyst Automotive Analysis and Forecasting The German Market After the Scrapping Scheme Sascha Heiden Senior Market Analyst Automotive Analysis and Forecasting The Background Following the financial crisis and its negative impact on global trade,

More information

Automotive Aftermarket Giorgio Brusco

Automotive Aftermarket Giorgio Brusco Automotive Aftermarket Giorgio Brusco Vice President Automotive Aftermarket Europe Agenda The global business today Recent progress in automotive Future growth drivers Summary 2 Worldwide Automotive Aftermarket:

More information

November. Next release: 19 January Sep/AugOct/Sep Nov/Oct Dec 14 December Janu 19 January 2018 Sep/AugOct/Sep Nov/Oct 2017

November. Next release: 19 January Sep/AugOct/Sep Nov/Oct Dec 14 December Janu 19 January 2018 Sep/AugOct/Sep Nov/Oct 2017 Sep/AugOct/Sep Nov/Oct 2017 14 Dec 14 December 2017 19 Janu 19 January 2018 Sep/AugOct/Sep Nov/Oct 2017 Next release: 19 January 2018 NovembNovember November Monthly Oil Price Statistics TABLE OF CONTENTS

More information

EXANE BNP PARIBAS 13th European Seminar June 8, 2011

EXANE BNP PARIBAS 13th European Seminar June 8, 2011 EXANE BNP PARIBAS 13th European Seminar June 8, 2011 This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding the Company s results

More information

KCB GROUP PLC INVESTOR PRESENTATION. Q FINANCIAL RESULTS

KCB GROUP PLC INVESTOR PRESENTATION. Q FINANCIAL RESULTS KCB GROUP PLC INVESTOR PRESENTATION. Q3 2018 FINANCIAL RESULTS MACRO-ECONOMIC HIGHLIGHTS Macro-Economic Highlights: Kenya KENYA 4.9% 5.3% GDP Growth Rate (%) 5.6% 5.8% 4.9% 6.3% 6.2% KENYA 2013 2014 2015

More information

December. Next release: 13 February Oct/Sep Nov/Oct Dec/Nov Janu19 January Febru13 February 2018 Oct/Sep Nov/Oct Dec/Nov 2017

December. Next release: 13 February Oct/Sep Nov/Oct Dec/Nov Janu19 January Febru13 February 2018 Oct/Sep Nov/Oct Dec/Nov 2017 Oct/Sep Nov/Oct Dec/Nov 2017 19 Janu19 January 2018 13 Febru13 February 2018 Oct/Sep Nov/Oct Dec/Nov 2017 Next release: 13 February 2018 DecembDecember December TABLE OF CONTENTS Page Charts 1 Latest IEA

More information

FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS. New Mazda Axela (Overseas name: New Mazda3)

FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS. New Mazda Axela (Overseas name: New Mazda3) FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS New Mazda Axela (Overseas name: New Mazda3) Mazda Motor Corporation October 31, 2013 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2014 First Half

More information

FY16 results. Business updates. FY17 outlook. Nissan Motor Co., Ltd. May 11 th, 2017

FY16 results. Business updates. FY17 outlook. Nissan Motor Co., Ltd. May 11 th, 2017 Nissan Motor Co., Ltd. May 11 th, 2017 results Business updates FY17 outlook www.nissan-global.com Copyright NISSAN MOTOR CO., LTD. All rights reserved. 2 (TSE REPORT BASIS CHINA JV EQUITY BASIS) NET REVENUE

More information

FY2/17 (March 2016~February 2017)

FY2/17 (March 2016~February 2017) FY2/17 (March 2016~February 2017) Fact Book 1. Trends in the current fiscal year and previous fiscal year 3. Business overview (1) Performance overview P. 1 (1) No. of students at the end of month P. 7

More information

First half 2017 Results September 1, 2017

First half 2017 Results September 1, 2017 PRESS RELEASE First half 2017 Results September 1, 2017 Full consolidation of Vivendi Group from April 26, 2017 and Sale to Vivendi of the Bolloré Group s 59.2% stake in Havas for 2,317 million euros completed

More information

Roadshow Presentation

Roadshow Presentation Roadshow Presentation June 2, Wilfried Trepels, CFO 1 SAF-HOLLAND - Components Fifth Wheels Kingpins Suspensions Landing Gear Axle Systems 2 SAF-HOLLAND - Business Units Trailer Systems Powered Vehicle

More information

I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group First

I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group First CONFERENCE CALL 2009 1 st HALF RESULTS Good afternoon and welcome to everybody. I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group

More information

M.M. Warburg Fieldtrip. September 14th, Anton Poll. Head of Financial Communication/ Analysis, AUDI AG

M.M. Warburg Fieldtrip. September 14th, Anton Poll. Head of Financial Communication/ Analysis, AUDI AG M.M. Warburg Fieldtrip September 14th, 2017 Anton Poll Head of Financial Communication/ Analysis, AUDI AG Markets Financials Outlook The Audi brand comes from a unique growth story in units during the

More information

Monro, Inc. Second Quarter Fiscal 2019 Earnings Call. October 25, 2018

Monro, Inc. Second Quarter Fiscal 2019 Earnings Call. October 25, 2018 Monro, Inc. Second Quarter Fiscal 2019 Earnings Call October 25, 2018 Safe Harbor Statement and Non-GAAP Measures Certain statements in this presentation, other than statements of historical fact, including

More information

Lazydays Holdings, Inc. Reports Second Quarter 2018 Financial Results

Lazydays Holdings, Inc. Reports Second Quarter 2018 Financial Results News Contact: +1 (813) 204-4099 investors@lazydays.com Lazydays Holdings, Inc. Reports Second Quarter 2018 Financial Results Tampa, FL (August 9, 2018) Lazydays Holdings, Inc. ( Lazydays )(NasdaqCM: LAZY)

More information

1 MICHELIN INVESTOR DAY Shenyang, China November 10, Serge Lafon

1 MICHELIN INVESTOR DAY Shenyang, China November 10, Serge Lafon 1 MICHELIN INVESTOR DAY Shenyang, China November 10, 2014 - Serge Lafon Outline 1. Truck General Overview 2. Customer expectations & Market segmentation 3. Levers for Growth 4. Levers for Profitability

More information

ECONOMIC BULLETIN - No. 42, MARCH Statistical tables

ECONOMIC BULLETIN - No. 42, MARCH Statistical tables ECONOMIC BULLETIN - No. 42, MARCH 2006 APPENDIX Appendix Statistical tables The world economy Table a1 Gross domestic product a2 Industrial production a3 Consumer prices a4 External current account a5

More information

2015 Interim Results. Levallois, July 23 th, 2015

2015 Interim Results. Levallois, July 23 th, 2015 2015 Interim Results Levallois, July 23 th, 2015 CONTENTS H1 2015 Highlights 2015 Interim Results Outlook H1 2015 Highlights DATE Improvement in all metrics 4 H1 2015 Key metrics Economic Sales * : 2,945

More information

FY16 results. Business updates. FY17 outlook. Nissan Motor Co., Ltd. May 11 th, 2017

FY16 results. Business updates. FY17 outlook. Nissan Motor Co., Ltd. May 11 th, 2017 Nissan Motor Co., Ltd. May 11 th, 2017 results Business updates FY17 outlook www.nissan-global.com Copyright NISSAN MOTOR CO., LTD. All rights reserved. 2 (TSE REPORT BASIS CHINA JV EQUITY BASIS) 12,189.5

More information

FY2/16(March 2015~February 2016)

FY2/16(March 2015~February 2016) FY2/16(March 2015~February 2016) 1. Trends in the current fiscal year and the previous fiscal year 3. Business overview (1) Peformance overview P.1 (1) No. of students at the end of month P.7 (2) Cost

More information

FISCAL YEAR ENDED MARCH 2011 FINANCIAL RESULTS

FISCAL YEAR ENDED MARCH 2011 FINANCIAL RESULTS FISCAL YEAR ENDED MARCH 211 FINANCIAL RESULTS Mazda Motor Corporation April 28, 211 Mazda MINAGI 1 PRESENTATION OUTLINE Highlights Fiscal Year Ended March 211 Results In Summary Question & Answer Session

More information

FOURTH QUARTER 2017 Martin Lundstedt, President and CEO

FOURTH QUARTER 2017 Martin Lundstedt, President and CEO FOURTH QUARTER 2017 Martin Lundstedt, President and CEO Volvo Group FOURTH QUARTER HIGHLIGHTS Net sales +11% (+16% excl. currency) Continued improved profitability for the Group - Trucks adjusted operating

More information

H Business Result

H Business Result H1 2017 Business Result H1 2017 business result is prepared for investors consideration only before completion of independent auditors review. Therefore, parts of contents on this material could be changeable

More information

Jaguar Land Rover Results For the quarter ended 30 June August 2015

Jaguar Land Rover Results For the quarter ended 30 June August 2015 Jaguar Land Rover Results For the quarter ended 30 June 2015 7 August 2015 1 Disclaimer Statements in this presentation describing the objectives, projections, estimates and expectations of Jaguar Land

More information

Fiscal Year 2012: Year of record operational performance

Fiscal Year 2012: Year of record operational performance Ranshofen, February 28, 2013 Fiscal Year 2012: Year of record operational performance Year of record operational performance: - 327,800 tons of external shipments - 266,900 tons of scrap charged in Ranshofen

More information

MONRO MUFFLER BRAKE, INC. PROVIDES FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS

MONRO MUFFLER BRAKE, INC. PROVIDES FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS CONTACT: John Van Heel Chief Executive Officer (585) 647-6400 Robert Gross Executive Chairman (585) 647-6400 FOR IMMEDIATE RELEASE Brian D Ambrosia Senior Vice President Finance Chief Financial Officer

More information