THOMSON REUTERS PLC - AMERICAN DEPOSITARY SHARES 
Par - Le chiffre d′affaires recule de 1% hors effets de change
- Le chiffre d′affaires de la division Professionnels progresse de 2% hors effets de change; celui de la division Marchés s′inscrit en baisse de 3% hors effets de change
- Le bénéfice opérationnel sous-jacent accuse un repli de 17%, à 655 millions USD
- Le BPA ajusté ressort à 47 cents, contre 58 cents un an auparavant
- Le free cash flow sous-jacent s′affiche en baisse de 11%, à 751 millions USD
- Le groupe confirme ses prévisions 2010
NEW YORK, le 29 juillet 2010 - Thomson Reuters (TSX / NYSE: TRI), le leader mondial des informations à destination des professionnels et des entreprises, a publié aujourd′hui ses résultats au titre du deuxième trimestre, clos le 30 juin 2010. Le groupe annonce un chiffre d′affaires trimestriel de 3,2 milliards USD, un bénéfice opérationnel sous-jacent de 655 millions USD, une marge d′exploitation sous-jacente de 20,4% et un free cash flow sous-jacent de 751 millions USD.
"I am pleased with the continuing progress the company has made in the first half of the year. While our markets are only slowly improving, we have seen accelerating results in terms of revenues, net sales and customer uptake of our new products," said Thomas H. Glocer, chief executive officer of Thomson Reuters. "Based on these encouraging trends, we expect that Thomson Reuters will return to revenue growth in the third quarter."
"We attribute our expected return to growth to our decision not to cut investment in innovation and new product platforms in 2010. While investments in the launch of products like WestlawNext, Thomson Reuters Eikon and the ONESOURCE global tax workstation are still expected to suppress margins by some 100 basis points in 2010, they will enable us to drive growth, strengthen our competitive position and improve margins for years to come."
Consolidated Financial Highlights
| (Millions of U.S. dollars, except EPS and profit margin) | ||||
| IFRS Financial Measures | 2010 | 2009 | Change | |
| Revenues | $3,216 | $3,293 | -2% | |
| Operating profit | $435 | $475 | -8% | |
| Diluted earnings per share (EPS) | $0.35 | $0.38 | -8% | |
| Cash flow from operations | $888 | $1,006 | -12% | |
| Non-IFRS Financial Measures[1] | 2010 | 2009 | Change | Change Before Currency |
| Revenues from ongoing businesses | $3,216 | $3,275 | -2% | -1% |
| Underlying operating profit | $655 | $792 | -17% | -12% |
| Underlying operating profit margin | 20.4% | 24.2% | -380bp | |
| Adjusted earnings per share (EPS) | $0.47 | $0.58 | -19% | |
| Underlying free cash flow | $751 | $846 | -11% |
[1] These and other non-IFRS financial measures are defined and reconciled to the most directly comparable IFRS measure in the tables appended to this news release. Additional information is provided in the explanatory note at the end of this news release.
- Revenues from ongoing businesses were $3.2 billion, a decrease of 2% after currency and a decrease of 1% before currency. Good growth in Enterprise, Legal′s subscription businesses and Tax & Accounting was offset by expected softness in Legal print and non-subscription revenues and a decline in Sales & Trading and Investment & Advisory revenues due to flow-through from prior-year negative net sales.
- Underlying operating profit declined 17%, attributable to lower revenues, product mix, previously announced investments and unfavorable currency movements. Underlying operating profit declined 12% before currency.
- Adjusted EPS was $0.47 compared to $0.58 in the prior-year period. The decline was largely attributable to lower underlying operating profit.
- Underlying free cash flow was $751 million, a decline of 11% versus the prior-year period.
- Integration and legacy savings programs continue to progress well, achieving run-rate savings of $1.3 billion towards a previously announced goal of $1.6 billion of run-rate savings by the end of 2011.
CONTACT
| Calvin Mitchell | Frank Golden |
| Senior Vice President, Corporate Affairs | Senior Vice President, Investor Relations |
| +1 646 223 5285 | +1 646 223 5288 |
| calvin.mitchell@thomsonreuters.com | frank.golden@thomsonreuters.com |
| Victoria Brough | |
| Head of External Affairs, EMEA | |
| +44 (0)207 542 8763 | |
| victoria.brough@thomsonreuters.com | |
Please find the complete release including tables under the link below:
http://hugin.info/142273/R/1434666/380231.pdf
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