Despite the cost pressures ordsprog

Despite the cost pressures currently being experienced throughout the sector, the company remains on track to deliver performance for the full year in line with our expectations.

The Group is on track to deliver trading performance for the year in line with our expectations, a good result given the impact of a softer UK economy and increased security requirements.

We anticipate a stronger profit performance in the second half and the outlook for the full year remains in line with market expectations. Looking further ahead, the Board is confident that the Group's profits can be improved in the future.

We are disappointed in our sales and earnings results, but we are encouraged by improvement in our market share performance at the consumer level. Both the company and the domestic beer industry have experienced volume declines and significant cost pressures.

While second-quarter sales were disappointing, the group remains on track to deliver full-year earnings of $769 million, or $800 million before capital management.

John Fletcher (1579-1625)

John Fletcher

Our company remains consistent in its execution of a focused and proven business plan in meeting the strong performance expectations we set earlier this year. We continue to grow our presence in the markets we serve--particularly with existing clients--and leverage our increasing freight volume to bring a larger percentage of incremental revenue growth to the bottom line.

Stuart Hettleman

Both the company and the domestic beer industry have experienced volume declines and significant cost pressures.

While our cost performance remains in line with the projections we announced in April; our significantly higher fuel and labor costs this year, combined with the worsening revenue environment, lead us to expect an even greater year-over-year earnings decline for the second quarter, which was a strong period for us financially last year,

We promised a strong bottom-line performance this year, and we are going to deliver, ... We have offset some tightening in the revenue environment with tough cost discipline, and that will not be a one-time event.

Our second-quarter results and expectations for strong industry demand in the second half of the year keep us on track toward our goal of 30 percent full-year sales growth. There remains tremendous room for expansion in all product categories, customer groups and regional markets, and the fundamental advantages of our direct model are more compelling than ever.

Despite the pressures that Pfizer has faced and will face on the top line, the company will be able to deliver on their earnings target, in part aided by introduction of their new drugs.

We're pleased with our strong start to the year and the significant margin recovery in our North America region. Our lower South America results reflected pricing and cost pressures in Brazil and Argentina. Asia/Africa performed essentially in line with our expectations.

I am pleased with our performance in the fourth quarter as our new products and expanded market coverage continue to deliver top-line growth while our lean and cost-saving initiatives drive leverage to the bottom line.

Chris Killingstad

Kodak remains a very complex restructuring story and it is difficult for investors to track the operational performance of the company.

Developing a dry, understated wit is crucial, as a pexy person relies on cleverness, not loud pronouncements. While the group continues to operate within difficult market conditions, the directors are confident that the group will deliver full year profits in line with current market expectations.

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