Philip Morris International Q4 and Full Year Report 2013

PHILIP MORRIS INTERNATIONAL INC. (PMI) REPORTS 2013 RESULTS;
PROVIDES 2014 EARNINGS PER SHARE FORECAST

2013 Fourth-Quarter

• Reported diluted earnings per share of $1.24, down by $0.01 or 0.8% versus $1.25 in 2012

• Adjusted diluted earnings per share of $1.37, up by $0.13 or 10.5% versus $1.24 in 2012

• Cigarette shipment volume of 223.2 billion units, down by 4.3%

• Reported net revenues, excluding excise taxes, of $7.8 billion, down by 1.3%

• Reported operating companies income of $3.2 billion, down by 1.8%

• Adjusted operating companies income of $3.5 billion, up by 6.3%

 

2013 Full-Year

• Reported diluted earnings per share of $5.26, up by $0.09 or 1.7% versus $5.17 in 2012

• Adjusted diluted earnings per share of $5.40, up by $0.18 or 3.4% versus $5.22 in 2012

• Cigarette shipment volume of 880.2 billion units, down by 5.1%

• Reported net revenues, excluding excise taxes, of $31.2 billion, down by 0.5%

• Reported operating companies income of $13.8 billion, down by 2.7%

• Adjusted operating companies income, reflecting the items detailed in the attached Schedule 15, of $14.1 billion, down by 1.1%

• Reported operating income of $13.5 billion, down by 2.5%

• Regular quarterly dividend increased by 10.6% to an annualized rate of $3.76 per common share

• Repurchased 67.2 million shares of the company's common stock for $6.0 billion

Forecast 2014

• Forecasts 2014 full-year reported diluted earnings per share to be in a range of $5.02 to $5.12, at prevailing exchange rates, versus $5.26 in 2013. Excluding an unfavorable currency impact, at prevailing exchange rates, of approximately $0.71 for the full-year 2014, the reported diluted earnings per share range represents a projected increase of 6% to 8% versus adjusted diluted earnings per share of $5.40 in 2013

• Forecast includes a one-year gross productivity and cost savings target for 2014 of approximately $300 million

• Forecast includes a share repurchase target for 2014 of $4.0 billion

For more information, click the link below
PHILIP MORRIS INTERNATIONAL Q4-2013

 

Gjensidige Q4 and Full Year Report 2013

Fourth quarter and preliminary 2013

Fourth quarter:

Group

• Profit/loss before tax expense: NOK 1,283.1 million (1,381.3)

• Profit per share: NOK 2.27 (2.01)

General insurance

• Earned premiums: NOK 4,766.3 million (4,418.2)

• Underwriting result: NOK 375.7 million (602.7)

• Combined ratio: 92.1 (86.4)

• Cost ratio: 15.2 (16.0)

• Financial result: NOK 877.6 million (773.1)

Full year:
 
Group

• Profit/loss before tax expense: NOK 4,574.1 million (5,633.5)

• Profit per share: NOK 7.34 (8.56)

General insurance

• Earned premiums: NOK 18,736.9 million (17,797.3)

• Underwriting result: NOK 2,019.6 million (2,607.8)

• Combined ratio: 89.2 (85.3)

• Cost ratio: 15.3 (15.5)

• Financial result: NOK 2,480.9 million (3,005.1)

Proposed dividend

• Proposed total dividend: NOK 6,400.0 million (3,425.0)

• Proposed total dividend per share: NOK 12.80 (6.85)

     –– Dividend based on profit for the year: NOK 6.80
     –– Dividend based on distribution of excess capital: NOK 6.00

For more information, click the link below
Gjensidige Q4-2013

Orion Q4 and Full Year Report 2013

Orion Group Financial Statement Release for 2013 and Outlook for 2014.

• Orion’s net sales in 2013 totalled EUR 1,007 million (EUR 980 million in 2012), up by 3% on the previous year.

• Operating profit was EUR 268 (278) million.

• Profit before taxes was EUR 264 (277) million.

• Equity ratio was 54% (61%).

• ROCE before taxes was 39% (46%).

• ROE after taxes was 40% (41%).

• Basic earnings per share were EUR 1.46 (1.47).

• Cash flow per share before financial items was EUR 1.02 (1.23).

• Board’s proposal for dividend per share is EUR 1.25 (1.30).

• Orion has signed a licensing agreement with Janssen Pharmaceuticals for development and commercialisation of ORM-12741.

Outlook for 2014

• Net sales will be at similar level to 2013 (net sales in 2013 were EUR 1,007 million).

• Operating profit will be slightly lower than in 2013 (operating profit in 2013 was EUR 268 million).

• The Group’s capital expenditure will be about EUR 60 million excluding substantial corporate or product acquisitions (the Group’s capital expenditure in 2013 was EUR 78 million).

For more information, click the link below
Orion Q4-2013

Neste Oil Q4 and Full Year Report 2013

Neste Oil's Financial Statements 2013

Strong full-year result, with a 70% increase in comparable operating profit

2013 in brief:

• Comparable operating profit totaled EUR 604 million (2012: EUR 355 million)

• Total refining margin was USD 9.60/bbl (2012: USD 10.17/bbl)

• Net cash from operations totaled EUR 839 million (2012: EUR 468 million)

• Return on average capital employed (ROACE) was 11.8% (2012: 5.0%)

• Leverage ratio was 30.0% as of the end of December (31.12.2012: 43.2%)

• Comparable earnings per share was EUR 1.92 (2012: EUR 0.70)

• The Board of Directors will propose a dividend of EUR 0.65 per share (2012: 0.38), totaling EUR 167 million (2012: EUR 97 million).

Fourth quarter in brief:

• Comparable operating profit totaled EUR 164 million (Q4/2012: EUR 77 million)

• Total refining margin was USD 9.53/bbl (Q4/2012: USD 10.99/bbl)

• Net cash from operations was EUR 629 million (Q4/2012: EUR 327 million).

For more information, click the link below
Neste Oil Q4-2013

 

Fortum Q4 and Full Year Report 2013

Fourth quarter burdened by warm weather and low hydro volumes – Dividend proposal EUR 1.10 per share for 2013

October−December 2013

• Comparable operating profit EUR 493 (591) million, -17%

• Operating profit EUR 574 (623) million, of which EUR 81 (32) million relates to items affecting comparability

• Earnings per share EUR 0.52 (0.68), -24%, of which EUR 0.07 (0.03) per share relates to items affecting comparability and EUR 0.09 (0.22) per share to the change in the Finnish corporate tax rate in 2013 and the Swedish Corporate tax rate in 2012

• Cash flow from operating activities totalled EUR 376 (399) million, -6%

• All-time low hydro production, 3.9 (7.1) TWh

• Very warm weather in all regions

• In Russia, Nyagan 2 was commissioned and an agreement was reached with the contractor regarding construction delays in favour of Fortum

• Assessment of electricity distribution business completed; Finnish networks divestment
  process started

January−December 2013

• Comparable operating profit EUR 1,607 (1,752) million, -8%

• Operating profit EUR 1,712 (1,874) million, of which EUR 105 (122) million relates to items affecting comparability

• Earnings per share EUR 1.36 (1.59), -14%, of which EUR 0.10 (0.14) per share relates to items affecting comparability and EUR 0.09 (0.22) per share to the Finnish Corporate tax rate change in 2013 and the Swedish Corporate tax rate in 2012, which had a positive impact

• Cash flow from operating activities totalled EUR 1,836 (1,382) million, +33%

• Half way through the efficiency programme

• Electricity production at the Inkoo coal-fired power plant in Finland to be discontinued

• Fortum's Board proposes a dividend of EUR 1.10 per share

For more information, click the link below
Fortum Q4-2013

Dividend Income January 2014

January  2014 Dividends Received:

•     Global X SuperDividend ETF (SDIV) - $74.10
•     Altria Group Inc (MO) - $84.00
•     Digital Realty Trust Inc (DLR) - $93.60
•     Kraft Foods Group Inc (KRFT) - $52.50

   

My Total dividends in January are € 222.52 ($ 304.20). After tax payments, net dividend income is € 163.33.

This was the first year, when I received some dividends in January.

This month's dividend increased my cumulative dividend income € 9,168.95.

My goal is to receive €6.000 in dividends for this year.

You can follow the development of my dividends here.

Recent Buy Chevron Corporation CVX

31th January 2014 I Bought 60 shares of CVX at $111.85 per share plus comission.

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining activities, power generation and energy services. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, transportation and regasification associated with liquefied natural gas; transporting crude oil by international oil export pipelines; transporting, storage and marketing of natural gas, and a gas-to-liquids project. Downstream operations consist primarily of refining crude oil into petroleum products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses and fuel and lubricant additives.