Growth at Survey and the revenue contribution from Seabed Geosolutions were partly offset by lower multi-client sales and a negative foreign currency effect
7% from the same period last year, due primarily to a decrease in sales volume and model mix, an increase in fixed costs per unit as production volume decreased, the impact of raw material price increases and the unfavorable foreign currency effect
4% from the same period last year, due primarily to decreased sales volume and model mix, increase in fixed cost per unit as production output has reduced and the unfavorable foreign currency effect
, despite decreased SG&A expenses.
Foreign currency effects
for intercompany loans that were previously recorded through OCI may now need to be recorded through earnings
B) said it had first quarter sales of USD631 million, down two percent from a year ago, the result of negative foreign currency effects
First-half segment operating profits of $147 million were 8 percent below last year's first half due to negative foreign currency effects
and increased advertising investment.
Despite unfavorable foreign currency effects
, Fire Rescue Group sales were up $0.
Unfavorable foreign currency effects
are anticipated in the upstream and downstream business segments though the U.
Excluding foreign currency effects
, net sales for Cereal Partners Worldwide (CPW) rose 5 percent and net sales for Haagen-Dazs Japan declined 8 percent.
Organic revenue declined 1%, excluding foreign currency effects
Sequentially, operating profit grew from higher volumes and positive foreign currency effects
As with sales, weak demand in South America more than offset the benefits of a stronger North America market, and foreign currency effects
reduced segment earnings by about $5 million.