Golar LNG Q4 and Full Year Report 2013

PRELIMINARY FOURTH QUARTER AND FINANCIAL YEAR 2013 RESULTS

Highlights

• Golar LNG ("Golar" or the "Company") reports a fourth quarter 2013 ("fourth quarter") net income of $4.3 million (including a non-cash gain of $13.2 million on interest rate swaps).
• EBITDA* generated in the quarter amounts to a loss of $5.5 million.
• The Company takes delivery of the Golar Seal ("Seal") and Golar Celsius ("Celsius") in October.
• LNG carrier Golar Arctic completes scheduled drydock during November on time and budget.
• Golar agrees to sell its interest in the floating storage and regasification unit ("FSRU") Golar Igloo to Golar LNG Partners (the "Partnership" or "Golar Partners") for $310 million, subject to certain closing conditions.
• Golar Partners completes its fourth follow-on equity offering raising net proceeds of $150 million.  Concurrent to this public offering, Golar sells 3.4 million of its common units representing limited partner interests in Golar Partners raising net proceeds of $98.9 million.
• Gimi proceeds to layup in Far-East.
• Spot and short term chartering market becomes challenging driven by production shutdowns and an increasing number of available vessels.
• Board maintains dividend at $0.45 for the quarter.

* Adjusted EBITDA is defined as earnings before interest, depreciation and amortization equal to operating income plus depreciation and amortization.


 
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GLNG Q4-2013

Digital Realty Q4 and Full Year Report 2013

Full-Year and Fourth Quarter 2013 Highlights

• Reported FFO per share of $4.74 for full-year 2013, up 7% from $4.44 in 2012
• Reported FFO per share of $1.26 in 4Q13, up 9% from $1.16 in 4Q12
• Reported core FFO per share of $4.78 in full-year 2013, up 7% from $4.46 in 2012
• Reported core FFO per share of $1.26 in 4Q13, up 6% from $1.19 in 4Q12
• Signed leases during 4Q13 expected to generate $54 million in annualized GAAP rental revenue, bringing the full-year 2013 total to $161 million, the highest quarter and full-year signings volume in the company's history 

2014 Outlook

Digital Realty today reiterated its 2014 core FFO per share outlook of $4.75-$4.90.  The assumptions underlying this guidance are unchanged from the outlook detailed in the Company's press release dated January 6, 2014.


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DLR Q4-2013

Dividend Increase; The Coca-Cola Company (KO)

Feb. 20, 2014 the Board of Directors of The Coca-Cola Company approved the Company's 52nd consecutive annual dividend increase, raising the quarterly dividend 9 percent from 28 cents to 30.5 cents per common share.  This is equivalent to an annual dividend of $1.22 per share, up from $1.12 per share in 2013.  The first quarterly dividend is payable April 1, 2014, to shareowners of record as of March 14, 2014.

The increase reflects the Board's confidence in the Company's long-term cash flow. The Coca-Cola Company returned $9.8 billion to shareowners in 2013, through $5.0 billion in dividends and $4.8 billion in gross share repurchases, bringing to $34.7 billion the amount returned to shareowners through dividends and share repurchases since Jan. 1, 2010.

Since I own 150 shares, this will increase my yearly income by $15.00.

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Recent Buy PepsiCo Inc. PEP

19th February 2014 I Bought 100 shares of PEP at $77.65 per share plus comission.

PepsiCo, Inc. (PepsiCo) is a global food and beverage company. Through the Company's bottlers, contract manufacturers and other partners, it makes, markets, sells and distributes a range of foods and beverages in more than 200 countries and territories. PepsiCo is organized into four business units: PepsiCo Americas Foods (PAF), which includes Frito-Lay North America (FLNA), Quaker Foods North America (QFNA) and all of its Latin American food and snack businesses (LAF); PepsiCo Americas Beverages (PAB), which includes all of its North American and Latin American beverage businesses; PepsiCo Europe, which includes all beverage, food and snack businesses in Europe and South Africa, and PepsiCo Asia, Middle East and Africa (AMEA), which includes all beverage, food and snack businesses in AMEA, excluding South Africa. It manufactures markets and sells a range of salty, sweet and grain-based snacks, carbonated and non-carbonated beverages, dairy products and other foods. 

The Coca-Cola Company Q4 and Full Year Report 2013

Full-Year and Fourth Quarter 2013 Highlights

• Global volume grew 2% for the full year and 1% for the fourth quarter.
• Reported net revenues declined 2% for the full year and 4% for the fourth quarter. Excluding the impact of structural changes, comparable currency neutral net revenues grew 3% for the full year and 4% for the fourth quarter.
• Reported operating income declined 5% for the full year and 4% for the fourth quarter.  Excluding the impact of structural changes, comparable currency neutral operating income grew 6% for the full year, in line with our long-term growth target, and 6% for the fourth quarter.
• Currency was a 2% headwind on comparable net revenues and a 4% headwind on comparable operating income for the full year.
• Full-year reported EPS was $1.90, down 3%, and comparable EPS was $2.08, up 3%. Comparable currency neutral EPS was up 8% for the full year.  Fourth quarter reported EPS was $0.38, down 7%, and comparable EPS was $0.46, up 2%. Comparable currency neutral EPS was up 7% for the fourth quarter.
• We are expanding our previously announced productivity and reinvestment program to generate an incremental $1 billion in productivity by 2016 to drive increased media investments in our brands.
• As announced on Feb. 5, 2014, we signed an agreement together with Green Mountain Coffee Roasters to collaborate on the development and introduction of our global brand portfolio for use in the forthcoming Keurig Cold™ at-home beverage system.  

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KO Q4-2013
    

Kraft Foods Group Q4 and Full Year Report 2013

KRAFT FOODS GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2013 RESULTS

2013 FINANCIAL SUMMARY

Net revenues grew 2.3 percent in Q4 and declined 0.3 percent to $18.2 billion in 2013.

• Fourth quarter Organic Net Revenues were up 3.2 percent driven by volume/mix gains of 4.0 percentage points that were partially offset by a negative 0.8 percentage point impact from lower pricing that primarily reflected lower costs for ingredients such as raw nuts and coffee beans.
• Volume/mix gains reflected base business growth as well as a favorable impact of approximately 3 percentage points from comparisons with retail customer inventory reductions following the 2012 spin-off from Mondelēz International. These gains were partially offset by approximately 1 percentage point from product line pruning.
• Full year Organic Net Revenues were flat versus the prior year. Volume/mix gains from base business growth were offset by product line pruning of approximately 1 percentage point and a 0.6 percentage point impact from lower pricing.

Operating income was $1.5 billion in Q4 and was up 71.9 percent to $4.6 billion in 2013.

• Fourth quarter operating income included a $782 million benefit from market-based impacts to post-employment benefit plans primarily driven by higher discount rates and higher asset returns.
  Excluding the market-based impacts to post-employment benefit plans, operating income increased more than 50 percent from a combination of lower spending on cost savings initiatives, volume/mix gains, favorable marketing costs related to program timing and productivity savings.
• Full year operating income included a $1,561 million benefit from market-based impacts to post-employment benefit plans.
  Excluding this benefit, operating income was up approximately 5 percent versus the prior year, despite the incremental costs of becoming a standalone public company. Significant overhead cost savings as well as gains from productivity and volume/mix more than offset a negative impact from pricing net of commodity costs and a double-digit increase in advertising.

Earnings per share were $1.54 in Q4 and $4.51 in 2013.

• Fourth quarter EPS increased $1.39, including a $1.11 benefit from market-based impacts to post-employment benefit plans. EPS growth was also driven by gains from operations, lower spending on cost savings initiatives and a favorable change in unrealized gains/losses from hedging activities.
• Full year EPS increased $1.76, including a $1.90 benefit from market-based impacts to post-employment benefit plans. Excluding this benefit, lower EPS versus the prior year was driven by strong gains from operations that were more than offset by higher interest expense. The higher interest expense in 2013 reflected a full year of Kraft’s capital structure as an independent company.

Free Cash Flow was $1.5 billion in 2013.

• Free Cash Flow reflected improved management of inventory and payables as well as the impact of approximately $600 million in pension plan contributions.

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KRFT Q4-2013

Oriflame Q4 and Full Year Report 2013

Year-end report 1 January - 31 December 2013

3 months ended 31 December 2013

• Local currency sales decreased by 1% and Euro sales decreased by 10% to €371.2m (€410.6m).

• Number of active consultants increased by 1% to 3.5m.

• EBITDA amounted to €52.0m (€64.1m).

• Adjusted operating margin was 12.6% (13.7%) resulting in an adjusted operating profit of €46.8m (€56.2m).

• Adjusted net profit amounted to €27.2m (€37.2m) and adjusted EPS amounted to €0.49 (€0.65).

• Cash flow from operating activities amounted to €63.7m (€77.9m).

• First quarter update: The underlying sales development in the first quarter to date is around -3% in local currency.

12 months ended 31 December 2013

• Local currency sales decreased by 1% and Euro sales decreased by 6% to €1,406.7m (€1,489.3m).

• EBITDA amounted to €166.5m (€204.2m).  

• Adjusted operating margin was 10.1% (11.8%) resulting in an adjusted operating profit of €142.4m (€175.1m).

• Adjusted net profit amounted to €84.4m (€121.5m) and adjusted EPS amounted to €1.52 (€2.13).

• Cash flow from operating activities amounted to €112.1m (€183.7m).

• The Board of Directors will propose a total dividend for 2013 of €1.00 (€1.75) per share, corresponding to 71 percent of net profit, as previously communicated paid in quarterly instalments, with the first payment amounting to €0.25 per share payable following the AGM on 19 May 2014.

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Oriflame Q4-2013