• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Beyond Covid-19 Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Search
  • Menu
You are here: Home1 / News2 / Product News3 / Revised Bridgestone Financial Projections Reflect Global Slowdown

Revised Bridgestone Financial Projections Reflect Global Slowdown

Date: 22nd December 2008 Author: Tyrepress Editors Comments: 0

Bridgestone Corporation reports that the financial crisis and resultant global economic slowdown has created a necessity for it to revise the consolidated financial projections for the fiscal year ended December 31, 2008 that were originally announced on August 8. These downward changes have mostly been caused by decreasing tyre sales in Europe and North America, the company says.

Projected net sales decline 170,000 million yen (£1.28 billion) to 3,250,000 million yen (£24.44 billion), a drop of five per cent. Operating income is down 23.9 per cent or 37,000 million yen (£278 million) to 118,000 million yen (£887 million), ordinary income has reduced by 53,000 million yen (£398 million) or 45.3 per cent to 64,000 million yen (£481 million). Net income takes the largest plunge, falling 81.8 per cent or 54,000 million yen (£406 million) to 66,000 million yen (£496 million).

Related news:

  1. Bandag Announces First Quarter Results
  2. Michelin’s Confident AGM
  3. Bridgestone H1 Results Highlight Across the Board Growth
  4. Bridgestone Operating Profit Anticipated to Drop 15%
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Related Tags

Bridgestone, December, Europe, financials, net sales, North America, Product News

Advert Location 28

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
US Battery Makers and Research Centre Form Alliance Dunlop Race Academy on New Track
Scroll to top