Thomson Reuters Streamlines Organizational Structure in Markets Division
(Thomson Reuters ONE) -
* Markets division streamlined into two operating units
* 2011 Outlook affirmed
* Total company revenues expected to increase approximately 4% before currency
in the second quarter
* Second quarter results are expected to reflect continued strong revenue
performance across the Professional division with growth in the Markets
division somewhat slower than anticipated
* Adjusted earnings per share in the second quarter expected to be between
$0.49 and $0.52 vs. $0.41 in the prior-year period
NEW YORK, July 21, 2011 - Thomson Reuters (TSX / NYSE: TRI), the world's
leading source of intelligent information for businesses and professionals,
today announced changes to the organizational structure for its Markets
division, as it moves beyond the Reuters integration. These changes are designed
to accelerate growth by simplifying the business while improving collaboration
across the company.
The Markets division's current organizational structure (Sales & Trading,
Investment & Advisory, Enterprise and Media) will be combined into three units:
* Financial Professionals & Marketplaces: Focusing on services for
professionals delivered to screens and trading marketplaces, combining the
former Sales & Trading and Investment & Advisory businesses
* Enterprise Solutions: Focusing on services and infrastructure for financial
firms as a whole, continuing and expanding the current Enterprise unit
* Media: Providing news and information tailored for media and business
professionals
"These changes are intended to accelerate growth as we flatten our organization
to operate as an integrated company and unleash cross-company capabilities and
operating synergies," said Thomas H. Glocer, chief executive officer of Thomson
Reuters.
The company also announced that, coincident with these organizational changes,
Devin Wenig, chief executive officer of the Markets division, has decided to
leave Thomson Reuters. Mr. Glocer will assume responsibility for the Markets
division.
"I want to thank Devin for his many contributions over a very productive 17-year
career with our company," said Mr. Glocer. "In particular, I'd like to thank him
for running the successful integration of Reuters, consolidating Markets product
lines into a two-platform strategy (Eikon and Elektron), and fostering
innovation across the business. I wish him the very best."
Company Reaffirms Full-Year Outlook, Reports Expectations for Second-Quarter
Results
The company today also reaffirmed its outlook for the full year 2011, and
reported its expectations for the second quarter ended June 30, 2011. The
company expects to report ongoing revenues of between $3.1 billion and $3.2
billion, up approximately 4% before currency, and anticipates reporting adjusted
earnings per share (EPS) between $0.49 and $0.52 compared to $0.41 in the second
quarter of 2010.
Results for the second quarter of 2011 will be released on Thursday, July
28, 2011 and a regular earnings webcast will be held at 8:30 a.m. (EDT) that
day.
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial, legal, tax and accounting, healthcare and science and media markets,
powered by the world's most trusted news organization. With headquarters in New
York and major operations in London and Eagan, Minnesota, Thomson Reuters
employs more than 55,000 people and operates in over 100 countries. Thomson
Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol:
TRI). For more information, go towww.thomsonreuters.com.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS, MATERIAL ASSUMPTIONS AND
MATERIAL RISKS
Certain statements in this news release, including, but not limited to, the
company's 2011 outlook and Mr. Glocer's comments, are forward-looking. These
forward-looking statements are based on certain assumptions and reflect our
company's current expectations. As a result, forward-looking statements are
subject to a number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. There is no assurance
that the events described in any forward-looking statement will materialize. A
business outlook is provided for the purpose of presenting information about
current expectations for 2011. This information may not be appropriate for other
purposes. You are cautioned not to place undue reliance on forward-looking
statements which reflect expectations only as of the date of this news release.
Except as may be required by applicable law, Thomson Reuters disclaims any
obligation to update or revise any forward-looking statements.
The material assumptions underlying the company's 2011 business outlook are
based on various external and internal assumptions. Economic and market
assumptions include, but are not limited to, positive global GDP growth led by
rapidly developing economies and a continued increase in the number of
professionals around the world and their demand for high quality information and
services. Internal financial and operational assumptions include, but are not
limited to, the successful execution of the company's ongoing product release
programs, globalization strategy, other growth initiatives and efficiency
programs.
Some of the material risk factors that could cause actual results or events to
differ materially from those expressed in or implied by forward-looking
statements in this news release include, but are not limited to, changes in the
general economy; actions of competitors; increased accessibility to free or
relatively inexpensive information sources; failure to develop new products,
services, applications and functionalities to meet customers' needs, attract new
customers or expand into new geographic markets; failure to maintain a high
renewal rate for subscription-based services; failures or disruptions of network
systems or the Internet; detrimental reliance on third parties for information
and other services; changes to law and regulations, including the impact of the
Dodd-Frank legislation and similar financial services laws around the world;
failure to meet the challenges involved in operating globally; failure to
protect the reputation of Thomson Reuters; impairment of goodwill and
identifiable intangible assets; inadequate protection of intellectual property
rights; threat of legal actions and claims; downgrading of credit ratings and
adverse conditions in the credit markets; fluctuations in foreign currency
exchange and interest rates; failure to recruit and retain high quality
management and key employees; the effect of factors outside of the control of
Thomson Reuters on funding obligations in respect of pension and post-retirement
benefit arrangements; actions or potential actions that could be taken by the
company's principal shareholder, The Woodbridge Company Limited; failure to
fully derive anticipated benefits from future or existing acquisitions, joint
ventures, investments or dispositions; and failure to achieve benefits from
integration programs to the extent, or within the time period, currently
expected. These and other factors are discussed in materials that Thomson
Reuters from time to time files with, or furnishes to, the Canadian securities
regulatory authorities and the U.S. Securities and Exchange Commission. Thomson
Reuters annual and quarterly reports are also available in the "Investor
Relations" section of www.thomsonreuters.com.
CONTACT
MEDIA INVESTORS
Calvin Mitchell Frank J. Golden
Senior Vice President, Corporate Affairs Senior Vice President, Investor
+1 646 223 5285 Relations
calvin.mitchell(at)thomsonreuters.com +1 646 223 5288
frank.golden(at)thomsonreuters.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
[HUG#1532811]
Unternehmensinformation / Kurzprofil:
Datum: 22.07.2011 - 00:05 Uhr
Sprache: Deutsch
News-ID 56621
Anzahl Zeichen: 9463
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 160 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Thomson Reuters Streamlines Organizational Structure in Markets Division"
steht unter der journalistisch-redaktionellen Verantwortung von
Thomson Reuters Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
