Business Services Industry

Big company watch: Latin American sales in US$ millions as of Dec. 31, 2003

Latin Trade, May, 2004

[GRAPHIC OMITTED]

DEAR SHAREHOLDERS ...

* AVON

The cosmetics company's sales in Latin America, which represent a third of total revenue, rose 6% in 2003 to US$1.7 billion, an all-time high. International operations, fueled in part by strong local currencies, helped offset weak U.S. demand. Avon has begun targeting younger consumers.

* PRAXAIR

Connecticut gas and surface technology maker Praxair sold US$708 million in products and services throughout Latin America during 2003, or 12% more than a year earlier on firming prices and demand. Globally, total revenue rose 9% to $5.6 billion.

** ERICSSON

The world's largest mobile networks provider sold 5% less products and services in Latin America during 2003, compared with 2002. Total revenue slipped worldwide due to a decline in product order. The company plans to continue shaving costs, and personnel, to boost profits.

COPYRIGHT 2004 Freedom Magazines, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here

Content provided in partnership with Thompson Gale