Thomson Consumer Products Sales Flat

By Jeff Malester On Jul 26 2004 - 6:00am

The consumer industry and consumer solutions business segment at Thomson recorded essentially flat revenue in the second quarter, compared with the second three months of 2003, coming in at about $1.3 billion.

Excluding currency movements, sales in the consumer businesses segment grew by 6.2 percent, but sales were up only 1.9 percent when currency movements are included. When perimeter effects — such as $89.5 million in added sales from Thomson's Recoton accessories business integration and added revenue from the consolidation of picture tube lines — are excluded, consolidated net sales in the consumer businesses segment showed a second-quarter decrease of 1.1 percent.

Revenue in the consumer businesses, excluding television, was off 1.2 percent in the second quarter, excluding currency movements. Mobility and portable products and communications devices accounted for 30 percent of the segment's sales.

For the first half, the consumer businesses segment also recorded flat revenue, compared with the first six months in 2003, coming in at about $2.5 billion

Overall, the consumer solutions business segment reported a first half operating loss of $1.2 million, compared with operating income of $12.3 million in the first six months a year ago.

Consumer activities in the segment show an operating loss for the first half of $39.2 million, a narrower amount than the $81 million reported year-on-year.