Saturday, August 22, 2015

The 2 Luxembourg Companies Filing With US SEC in US$s and With Market Caps Above US$10 Bil 2014 Total Audited Earnings 98% Below Both 2008 and 2007 Earnings

From a review of SEC Filings and the Google Finance Website, I found 2 Companies headquartered in Luxembourg with Stock Market Capitalizations of more than US$10 bil and which filed their financial statements in US$s.

Below here are the reported Audited Earnings (Losses) for both of  these Luxembourg 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
Recent Net Net Net Net Net Net Net Net
Luxembourg Companies Filing With SEC 2014 Income Income Income Income Income Income Income Income
Market Caps Above US$10 Bil FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)

mil US$s mil US$s mil US$s mil US$s mil US$s mil US$s mil US$s mil US$s










Tenaris SA Dec14               1,181             1,574             1,702           1,421           1,141           1,236             1,969             2,024
ArcelorMittal SA Dec14                 (974)           (2,575)           (3,469)           1,956           3,440              171           10,251           11,231








Total of both
                 207           (1,001)           (1,767)           3,377           4,581           1,407           12,220           13,255










Earnings % Decline:








….. 2014 Below 2008
-98%






….. 2014 Below 2007
-98%
















Four Years Earnings:








….. 2011-14
                 816






….. 2007-10
            31,463






……….4 Year Earnings Decline








…………… Amount
           (30,647)






…………… %
-97%