Tuesday, December 29, 2009

Happy New Year

Well, it is THAT time of year. Time to reflect, time to ponder, time to plan and time to make your resolutions for next year.

2009 has certainly been a very, very challenging year for most people. A recession for most, a depression for those involved in A/E/C and in A/E/C reprographics. Keep going, recessions (and depressions) don't last forever, there's always an "upside" around the corner. Keep the faith.

To all my friends and associates (and to those of you who've found my blog but don't know me), my best wishes to you and your families for a Happy, Healthy, New Year.



..... is the title of a recent (Dec 21, 2009) article published on Reed Construction Data's web-site.

Here's the address of that article.


Jim Haughey, author of the article, included several tables with statistics and trends; quite interesting. Tables included "Retail", "Office," "Industrial," and "Institutional."

Sunday, December 27, 2009

Service Point - Results for Q3 2009

About 3 weeks ago, I saw that Service Point had recently reported its results through Q3 2009.

You can find that press release at this web address:


The lack of transparency in Spain-based, public-company-reporting is very interesting.

The press release makes it sound like "all is well" (only 7+ percent off.)

They don't mention anything specifically about Q3 2009 (or Q3 2009 vs. Q3 2008), but when you do the math to extrapolate what their Q3 sales were, comparatively y-o-y (the math I did do), one can easily see that Q3 was an awful quarter for them, comparatively speaking and (and trend-wise) compared to the y-o-y comparative results for the 1st half. (I am pretty sure, but not certain, that Q1 was plus only because it benefited from acquired growth, y-o-y; they no longer, I don't think, have the benefit of using the acquired growth to pump up their numbers.)

If I did the math correctly, Q3 2009 Sales were off approximately 18% compared to Q3 2008 sales.

(amounts are in Euros)

2008 - 2009 - change

Q1- 56- 59- 5.36% -Q1 y-o-y change
Q2- 59- 54- -8.47% -Q2 y-o-y change
6MO- 115- 113- -1.74% -1st half y-o-y change

Q3- 60- 49- -18.33% -Q3 y-o-y change
9MO- 175- 162- -7.43% -9 month y-o-y change
Q4- 63- -not yet rept'd
Full year- 238- -not yet rept'd

Reported for 1st 9 months 162
Reported for 1st half -113
extrapolated as Q3 sales 49

This post only pertains to Sales Revenues; I was too lazy to look at net income.