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Thomson SA CFO sees FY sales growth 'more or less in line' with first 9 mths
Thu, 18th Oct 2007 08:33
PARIS (Thomson Financial) - Thomson SA chief financial officer Julian Waldron said he estimates full-year sales growth will come in 'more or less in line with' the rate seen in the first nine months of 2007, but declined to give a precise figure.
The group earlier today announced a 4.7 pct increase in sales over the nine-months period excluding currency movements, which stripped 60 mln eur in revenues from the third quarter alone.
In a conference call with reporters following the sales statement, Waldron said the performance in all core divisions is in line with the group's 2007-9 plan but would not elaborate on what the company meant by its guidance for 'modest growth in 2007.'
The company earlier predicted a 'profitable and cash-generative fourth quarter across all three core divisions' and Waldron said this, the 'most important' period for the group, will benefit notably from its contract to supply high-end multimedia boxes to US cable group Comcast.
He also said
the group anticipates strong demand for the Mpeg 4 'Mustang' box which is to launch in the fourth quarter.
Questioned on rumours the group could divest its DVD business, Waldron said this was a long-term, profitable activity.
Asked about the plunge in sales of satellite set-top boxes in the third quarter to 2.7 mln units from 3.7 mln in the year-earlier period, Waldron said the decline was offset by an improved mix and claimed that selling one, high-end, high-definition device with a hard-disk recorder is equivalent to selling three-four basic decoders.
He said alongside Thomson's main two clients for quadruple-play decoders, France Telecom and BT Group, he anticipates strong growth for the devices in the coming two-four years.
tfn.paris@thomson.com
mrg/jlw
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
The group earlier today announced a 4.7 pct increase in sales over the nine-months period excluding currency movements, which stripped 60 mln eur in revenues from the third quarter alone.
In a conference call with reporters following the sales statement, Waldron said the performance in all core divisions is in line with the group's 2007-9 plan but would not elaborate on what the company meant by its guidance for 'modest growth in 2007.'
The company earlier predicted a 'profitable and cash-generative fourth quarter across all three core divisions' and Waldron said this, the 'most important' period for the group, will benefit notably from its contract to supply high-end multimedia boxes to US cable group Comcast.
He also said
Questioned on rumours the group could divest its DVD business, Waldron said this was a long-term, profitable activity.
Asked about the plunge in sales of satellite set-top boxes in the third quarter to 2.7 mln units from 3.7 mln in the year-earlier period, Waldron said the decline was offset by an improved mix and claimed that selling one, high-end, high-definition device with a hard-disk recorder is equivalent to selling three-four basic decoders.
He said alongside Thomson's main two clients for quadruple-play decoders, France Telecom and BT Group, he anticipates strong growth for the devices in the coming two-four years.
tfn.paris@thomson.com
mrg/jlw
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
