Last €29.30 EUR
Change Today -0.10 / -0.34%
Volume 542.0
As of 11:29 AM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

cfao (CFAO) Snapshot

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03/19/14 - €34.80
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10/29/14 - €28.20
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cfao (CFAO) Details

CFAO SA distributes automotive and pharmaceutical products in Africa, France, and internationally. The company’s CFAO Automotive division is involved in the purchase, storage, import, and distribution of passenger and commercial vehicles, heavy trucks, and motorcycles; provision of after-sale services; and sale of spare parts and tires. Its Eurapharma division imports, wholesales, and resells pharmaceutical products and services to pharmacists; and acts as a distribution agent of pharmaceutical products, as well as sells and delivers products on behalf of pharmaceutical companies to local pharmacists, hospitals, non-profit organizations, institutions, doctors, and local wholesalers. The company’s CFAO Industries, Equipment & Services division manufactures and bottles beverages, including beers under the Primus, Ngok, Turbo King, Mutzig, Heineken, and Amstel brands, as well as non-alcoholic Coca-Cola brand beverages; produces and distributes pens and razors, as well as a range of plastic packaging products for the food and petroleum industries; manufactures BIC writing and shaving products; and imports and sells BIC lighters. This division is also engaged in installing and maintaining elevators; distributing construction and handling machineries, agricultural equipment, and generators; renting vehicles and automotive equipment; and the design and implementation of solutions for IT infrastructure and systems, networks, and telecommunications for private and public companies. The company was formerly known as Etablissements Verminck and changed its name to CFAO SA in 1887. The company was founded in 1845 and is headquartered in Sevres, France. CFAO SA is a subsidiary of Toyota Tsusho Corporation.

10,644 Employees
Last Reported Date: 04/23/14
Founded in 1845

cfao (CFAO) Top Compensated Officers

Chairman of the Management Board
Total Annual Compensation: €433.9K
Chief Financial Officer and Member of Managem...
Total Annual Compensation: €297.5K
Executive Vice President, Corporate Secretary...
Total Annual Compensation: €332.9K
Vice Chairman of Management Board for Corpora...
Total Annual Compensation: €336.5K
Compensation as of Fiscal Year 2013.

cfao (CFAO) Key Developments

CFAO Partners with Yamaha Motor Co. Ltd. to Manufacture and Distribute Motorcycles Through a Joint Venture Company in Nigeria

CFAO and Yamaha Motor Co. Ltd. announced the signature of an agreement to form a joint venture in Nigeria. The joint venture will be owned at 50% by CFAO and 50% by Yamaha Motor Co. Ltd. It will benefit from distribution rights to manufacture and distribute Yamaha motorcycles in Nigeria, the leading market in Africa with over one million new motorcycles sold per year. The new company will be named CFAO Yamaha Motor Nigeria Ltd. (CYMNG). The premises, including an assembly plant, will be based in a CFAO multi-activity site in Lagos. Scheduled to commence operation in summer 2015, the factory has a production and sales target of 70,000 motorcycles in 2018.

CFAO Announces Board Changes

CFAO announced the appointment of Corinne Le Goff as a member of CFAO's Supervisory Board effective from October 28, 2014. She succeeds Kiyoshi Yamakawa who resigned from his office. Corinne Le Goff, who is currently President of Roche S.A.S, has also been appointed as a member of two out of four specialized Committees: the Nomination and Compensation Committee and the Sustainable Development Committee. Her appointment will be subject to the approval of the General Shareholders' Meeting scheduled for June 12, 2015.

CFAO Reports Unaudited Group Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

CFAO reported unaudited group earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of EUR 885.6 million against EUR 861.1 million, down 2.8% on a reported basis and 4.3% like-for-like compared with the same prior-year period. For the first nine months of 2014, revenue totaled 2,613.0 million against EUR 2,613.0 million, down 3.7% on a reported basis and 4.2% like-for-like compared with the same prior-year period. At end-September 2014, the group's financial position remained solid, with net financial debt down from the amount posted at the end of June 2014.


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