latest news releases from the newsroom
Blyth, Inc. Reports Record 4th Quarter and Full Year Sales
GREENWICH, Conn., March 15, 2004 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH), a leader in home decor and home fragrance products, reported today that fourth quarter Net Sales increased 28% to $486.4 million versus sales of $380.5 million a year earlier. Operating Profit declined 2% to $38.3 million from $39.0 million in the prior year period. Excluding the effect of certain charges in both years, described below, fourth quarter fiscal 2004 Operating Profit would have increased 48% to $61.4 million for fiscal year 2004 compared to $41.6 million for fiscal year 2003. Diluted Net Earnings Per Share for the fourth quarter were $0.45 compared to $0.50 for the same period last year. Last year's fourth quarter EPS of $0.50 included a pre-tax impairment charge of $2.6 million related to placing the Company's U.K.-based specialty retailer Wax Lyrical into receivership, which negatively impacted Earnings Per Share by $0.05. In the fourth quarter of fiscal year 2004, the Company recorded restructuring and impairment charges of $23.0 million, which was slightly below previously announced estimates. These charges resulted primarily from the rationalization and alignment of its Candles & Home Fragrance segment operations given changing marketplace and global supply chain requirements, which negatively impacted Earnings Per Share by $0.30 this year. Excluding the effect of these charges in both years, fourth quarter fiscal 2004 earnings per share would have increased 36% to $0.75 compared to $0.55 in last year's fourth quarter.
New graphic profile and new website mark the start for new Boliden
STOCKHOLM, Sweden, March 15, 2004 (PRIMEZONE) -- Today, Monday, sees the launch of new Boliden's graphic profile, as well as a new website. This is part of the crucial, ongoing work taking place to integrate Boliden and Outokumpu's mining and smelter operations. The merger between the two companies means the start of an entirely new company -- and a new era for the Nordic mining and smelting industry.
Horizon Offshore Inc.
Horizon Offshore Reports 2003 Results
HOUSTON, March 15, 2004 (PRIMEZONE) -- Horizon Offshore, Inc. (Nasdaq:HOFF) today reported a net loss for 2003 of $(72.5) million, or $(2.74) per share-diluted. This compares with net loss of $(5.5) million, or $(0.22) per share-diluted, for 2002.
Index Ventures: SKYPE Closes `B' Round Funding from Top Venture Capitalists
GENEVA, Switzerland, March 15, 2004 (PRIMEZONE) -- Skype Technologies S.A., the Global P2P Telephony Company that offers consumers the ability to make free voice calls using their broadband connections, today announced it has closed its second round of funding. The investment round was led by the venture capital firms, Draper Fisher Jurvetson and Index Ventures. Skype will use the US$18.8 million in new funding to expand global operations and enhance its consumer offering.
Telelogic receives six year agreement from BAE SYSTEMS worth Euro 6.46 million
MALMO, Sweden, March 15, 2004 (PRIMEZONE) -- Telelogic (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced systems and software development, today announced that it has signed a six year Euro 6.46 million license agreement with BAE SYSTEMS Plc, the UK's largest manufacturing exporter of advanced defense and aerospace products. The agreement includes the DOORS(R) Enterprise Suite (ERS) which will be utilized within BAE SYSTEMS and in joint ventures across its business operations including Avionics, Platform Solutions, CDI, Air Systems, CS&S, Alenia Marconi Systems Limited and MBDA UK. In addition, other business areas have the ability to purchase specific DOORS products to cater for tactical requirements.