Futuris,Kursgewinne Zukunft oder Vergangenheit?

Kann euch leider nichts außer diesen Chart bieten,
aber vielleicht habt ihr hierzu News und wir können uns bald gemeinsam auf schöne Kursgewinne aus Australien freuen.

       
     

The Group's principal activities are carried out through the following business components: Rural Services, Automotive Components, Forestry, Property and Investment and Other. Rural Services include the provision of a range of agricultural products and services through a common distribution channel. Automotive Components include the manufacturing and sales of automotive componentry of which the key components are seating, heat ventilating and air-conditioning systems. Forestry includes interests in forestry plantations. Property includes the sale and development of land and industrial developments, and an equity holding interest in a listed property trust. Investment and Other segment includes the general investment activities not associated with the other business segments and the administrative corporate office activities. It operates predominantly in Australia.

mfg J.B.

Chief Executive Les Wozniczka said that the 2006 profit result showed the quality of Futuris’ businesses and the drivers that are enabling the company to grow.
“Futuris has, for the second year in succession, been able to generate strong increases in earnings despite conditions that would have previously threatened a downturn in profit.
“We have maintained momentum because of the growth drivers we have built in Elders,
Fertiliser, Forestry and Property.
Futuris generated underlying EBIT of $157.1 million, 20% higher than the 2005 result of
$131.3 million. Underlying profit before tax rose by 11% to be $118.2 million compared with
$106.4 million in the previous year. Rural services, Forestry and Property all contributed to the higher earnings.
“Elders performance shows the competitive advantage of the business model through
seasonal and market variations.
Mr Wozniczka said that the rural services market in 2006 had suffered as a result of a
number of adverse events which included the extraordinarily dry conditions in most of
Australia’s winter cropping region, lower wool prices, the impact of increased fuel, a
contraction in livestock markets and weather related events which such as severe frosts in Western Australia and the damage and disruption brought by Cyclone Larry in Queensland.
“In many regions this has brought a sharp reduction in demand for rural services, while other regions have fared better. Where there was opportunity, Elders competed successfully.
Credit is due to the performance and service culture of the Elders team and its leadership which did an outstanding job in maintaining revenue whilst protecting margin and managing costs. The results show a very disciplined and motivated organisation”
Elders lifted its underlying EBIT by 14% to $86.6 million compared with $75.9 million. Mr
Wozniczka attributed the earnings growth to real estate, merchandise, downstream wool
operations and financial services.
Elders merchandise operations maintained sales of $1.1 billion despite the market
contracting substantially because of reduced demand. “Our fertiliser initiative delivered
financial gains at both the wholesale and retail level while Elders Real Estate made further inroads in broadacre and residential markets.”
Banking and Insurance contributed EBIT of $37.3 million to Elders result compared with
$33.8 million in the previous year. Profit share from Elders Rural Bank (ERB) rose from
$12.9 million to $15.5 million. Insurance operations achieved 6% growth in gross written
premium; improved net loss ratios and lifted their EBIT contribution by 4% to $21.8 million. A further $11.6 million ($9.8 million in 2005) was earned through interest.
The growing significance of financial services to the business has been recognised through an internal restructuring which has brought the Company’s various prudentially regulated entities together to form Elders Financial Services Group. Mr Tim Plant, formerly General Manager, Insurance, has been promoted to the position of Managing Director, Elders Financial Services Group.

Australian Agricultural Company (AACo, 43.1% owned by Elders) contributed equity
accounted earnings of $6.0 million compared with $5.6 million in 2005. Mr Wozniczka said
that the AACo operating result was “below expectations, but clearly affected by seasonal and timing issues in the second half”.
Integrated Tree Cropping increased its EBIT contribution by 19% with its underlying EBIT
rising from $33.4 million to $39.9 million.
“Forestry has been the major focus of our business building investment. ITC’s profit
performance in 2006 reflects the expansion of its plantation estate and higher income from associate FEA.” said Mr Wozniczka. ITC’s plantation under management expanded from
121,000 hectares to 151,000 hectares in 2006.
“MIS sales this year were below expectations but the business has the capacity to deliver
earnings growth through cyclical improvement in its processing operations and a more
competitive performance in the MIS market going forward. Management is addressing both
of these areas with a view to achieving improvement.”
Contribution from Automotive operations decreased slightly. Futuris Automotive recorded
an underlying EBIT of $20.8 million from sales of $457.2 million which compares to $21.6
million from sales of $639.2 million in 2005. Higher equity accounted earnings from Global Thermal Systems and management initiatives largely offset the effects of a downturn in Australian vehicle production.
Earnings from Property operations rose with higher activity in commercial and residential
projects. Property operations generated EBIT of $18.2 million compared with $8.4 million in the previous year.
Futuris upheld its commitment to investment with total cash expenditure of over $250.6
million in 2006. Principal applications included the acquisition of minorities in ITC, increasedequity in HiFert (to attain a 50% shareholding), the acquisition of plantation land and funding the growth of Elders Rural Bank.
“Our good results have flowed directly from the investments we made in prior years to build our businesses in financial services, fertiliser and forestry. The 2006 investment program continues the investment into core operations and long standing strategic initiatives.”
Mr Wozniczka said that Futuris anticipated maintaining momentum in the new year. Subject
to seasonal conditions and balance date mark to market adjustments, the Company was
anticipating an underlying net profit to shareholders in FY07 within the range of current
market expectations. Achievement of the market expectation will deliver headline growth
and further growth in earnings per share on the recently expanded capital.
Further comment: Les Wozniczka, Chief Executive Officer – Tel: 08 8425 4999
Further information: Don Murchland, Investor Relations Manager – Mb: 0439 300 932

Discussion and Analysis of 2006 Financial Results
Results for the twelve months ended 30 June 2006

Financial results
1. Profit
Futuris Corporation has recorded an Underlying Profit to Shareholders of $88.3 million, 23% higher than the corresponding result (AIFRS adjusted1) of $71.8 million for the 2006 financial year.
The underlying profit to shareholders excludes non-recurring items totalling -$0.9 million after tax, which are summarised in the table below and discussed on the following page. Inclusive of these items, Futuris’ Reported Profit to Shareholders was $87.4 million. In comparison, the 2005 Reported Profit of $58.6 million was unfavourably affected by non-recurring items totalling $13.2 million after tax.
Normalised, or underlying, EBIT was $157.1 million, 20% above the 2005 underlying EBIT of $131.3 million.

verstanden habe.

Hast Du nen neuen Lieblingswert?
Aber eine Fraage bleibt,
wieso dümpelt der Kurs dann so am Boden?
Noch!

       
     

(immer) noch nicht.