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You are here: Home1 / News2 / Product News3 / Goodyear reports record sales and continuing high losses

Goodyear reports record sales and continuing high losses

Date: 19th May 2004 Author: Tyrepress Editors Comments: 0

Goodyear has announced record sales of US$ 15.1 billion for 2003 and a net loss of US$ 802 million. Turnover in 2002 was $13.

9 billion and the net loss $1.227 billion. $750 million of the increase in turnover came from favourable currency exchange rates.

The company’s performance in Europe (both east and West) was satisfactory and, while Goodyear chief Keegan was very optimistic during a conference with analysts, but he had to admit that the much-needed turnaround in North America had not taken place as expected. In 2002 the corporation had to pay $241 million in interest and this sum escalated to 293.6 million last year.

Related news:

  1. Goodyear to re-state financial results
  2. Goodyear’s Pension Funded Status worrying
  3. Good Start To Year For Tyre Sales
  4. Goodyear Strike: Will Talks Restart?
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analysts, conference, Europe, Goodyear, North America, record, USA

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