Friday, August 21, 2015

The 11 Dutch Companies Reporting Financial Statements in Euros With Market Caps Above EUR 10 Bil Registered 2014 Total Audited Earnings Which Were Down 18% From 2013 and Down a Huge 46% From 2007

From a review of the superb Google Finance Website and company investor relations websites, I found 11 Companies headquartered in the Netherlands with Stock Market Capitalizations of more than EURO 10 bil and which also reported their financial statements in Euros.

I excluded from the 11 Companies one company reporting in US$s and another reporting in British Pounds.

I also excluded two companies which didn't have financial statements available for a substantial portion of the 8 year period from 2007 through 2014.

On the positive side, these 11 Dutch Companies generated 2014 Audited Earnings significantly above the depressed 2008 and 2009 worldwide financial meltdown years.

But on the very negative side, the 2014 Total Earnings for these 11 Companies were 18% below that in 2013, and even more importantly a large 46% below the 2007 Total Earnings amount.

Below here are the reported Audited Earnings (Losses) From Continuing Operations for each of  these 11 Dutch Companies for all years reported from 2007 through 2014, presented in Market Cap order:



2014 2013 2012 2011 2010 2009 2008 2007


Most Audited Audited Audited Audited Audited Audited Audited Audited
Dutch Companies
Recent Net Net Net Net Net Net Net Net
Reporting in Euros With City 2014 Income Income Income Income Income Income Income Income
Market Caps Above EUR 10 Bil HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)


mil Euros mil Euros mil Euros mil Euros mil Euros mil Euros mil Euros mil Euros











Unilever NV Rotterdam Dec14       5,515       5,263       4,836       4,491       4,465       3,659       5,285       4,056
ING Groep NV Amsterdam Dec14       2,502       4,475       2,529       3,241       3,853     (1,040)     (3,278)       9,797
Heineken NV Amsterdam Dec14       1,708       1,587       3,109       1,560       1,568       1,142          347          929
ASML Holding NV Veldhoven Dec14       1,197       1,015       1,146       1,467       1,022        (151)          322          671
Altice NV ?????????? Dec14        (552)            50        (190)          124            40  NA   NA   NA 
Koninklijke Philips NV Amsterdam Dec14          221       1,034        (166)     (1,106)       1,051          173            99       5,016
AkzoNobel NV Amsterdam Dec14          600          661     (1,593)          629          813          330     (1,044)          441
Koninklijke Ahold NV Zaandam Dec14          791          805          830       1,032          863          972          868          753
Aegon NV The Hague Dec14          757          989       1,633          872       1,760          204     (1,082)       2,551
HAL Trust Rotterdam Dec14          576          487          405          495          428          342          395          756
Randstad Holding NV Diemen Dec14          340          231            37          179          289            68            18          385











Total all 11

    13,655     16,597     12,576     12,984     16,152       5,699       1,930     25,355











Earnings % Decline:









….. 2014 Below 2013

-18%






….. 2014 Below 2007

-46%