All the news all the time is all about the financial crisis. It is interesting to watch the reporting of 2008 revenue data by the large global companies. Many did well in 2008. The financial spiral really started in the last 4 months of the year, so the reporting of ugly results won’t really be seen until 2009 reports are filed.
So far in 2008, we have examined filings for 826 of the Global 5000. Of those 222 (27%) show a decrease in year over year revenue – 73% increased. In 2007, only 15% of this same group showed year over year declines.
The biggest decliners in our sample so far are: (some of these names may sound familiar) AIG, Altria (they spun off part of the company) Merrill Lynch, General Motors, Ford, Goldman Sachs, Zurich Insurance.
On the plus side, the biggest gainers include: Archer Daniels Midland, Wesfarmers, Iberdolay, International Tobacco, CHS, Hewlett-Packard.
Funny how this group is not in the news these days.