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just On Call - Heineken admits volumes backtrack after weak Q1
2013-04-24 12:36:41| Daily beverage news and comment - from just-drinks.com
Heineken's CFO has admitted that problems in key markets have curbed volumes momentum for the brewer, with full-year growth likely to come in under expectations.
LG doubles smartphone shipments to 10.3 mln in Q1
2013-04-24 09:01:00| Telecompaper Headlines
(Telecompaper) LG Electronics reported a drop in first-quarter profits, as a strong improvement at its mobile phone activities was offset by weakness at the home entertainment division. Operating profit fell to KRW 350 billion from KRW 402 billion a year ago, and net profit dropped to KRW 22 billion from KRW 248 billion, hurt also by weaker results at LG Display. Revenues were still up 6.8 percent year-over-year to KRW 14.10 trillion, mainly due to the improved performance of the mobile business. Mobile revenues rose 28.6 percent from a year earlier and 14.2 percent from Q4 to KRW 3.21 trillion. Operating profit at the division rose to KRW 133 billion from KRW 35 billion a year ago. LG said it shipped 10.3 million smartphones in the quarter, more than double the amount in the year-ago period and 20 percent more than in Q4. Growth was led by its premium LTE phones such as the Optimus G, as well as the new L series phones and Google Nexus 4. LG said it expects further growth in the smartphones market, particularly in LTE, but competition will intensify as well. In the coming quarter, it aims to increase shipments with the global launch of the Optimus G Pro and full launches of the LTE F series and 3G L series II targeted at the mid to low-end segment, while also focusing on cost control.
Tags: smartphone
doubles
q1
shipments
France Telecom reports lower revenue, more customers in Q1
2013-04-24 08:58:00| Telecompaper Headlines
(Telecompaper) France Telecom-Orange reported group revenue down 4.1 percent on a comparable basis to EUR 10.28 billion in the first quarter, as revenue decreased by 6.1 percent in France and by 7.2 percent in Poland, but grew slightly in Spain (0.8%) and the rest of the world (0.7%). Enterprise revenue decreased by 5.3 percent to EUR 1.64 billion over the same period. The group reported a restated EBITDA down 6.6 percent to EUR 3.12 billion and capex up 6.5 percent to EUR 1.15 billion in the first quarter. The group had 229.8 million total customers, excluding MVNOs, at the end of March, an annual increase of 5.9 million customers (2.6%). For the full year, the operator confirms its EUR 7 billion target for operating cash flow.
Tags: france
reports
lower
customers
Ericsson sales growth slows to 2% in Q1
2013-04-24 08:30:00| Telecompaper Headlines
(Telecompaper) Ericsson reported first-quarter sales up 2 percent year-on-year to SEK 52.0 billion. On a comparable basis and excluding forex effects, sales increased 7 percent from a year earlier and were down 19 percent from Q4. Ericsson said growth was led by the Networks division and roll-out services, with a number of projects in Europe and North America. Networks revenues were up 3 percent to SEK 28.1 billion, and Global Services sales rose 4 percent to SEK 21.5 billion. Operating profit, including income from joint ventures, fell 77 percent from a year earlier to SEK 2.1 billion, hurt by a charge of SEK 1.4 billion for the restructuring in Sweden amd the gain of SEK 7.7 billion last year from the divestment of Sony Ericsson. Net profit fell to SEK 1.2 billion from SEK 8.8 billion a year ago. Operating cash flow was a negative SEK 3.0 billion due to higher working capital, and net cash decreased by SEK 6.3 billion from the end of 2012 to SEK 32.2 billion. Ericsson was positive on the outlook, with 4G procurement starting in Russia and China, 21 new managed services contracts signed in the past quarter and strong demand for its SSR routing platform as well as OSS and BSS. While coverage projects have continued to have a higher share than capacity projects, the company expects an improvement in the business mix towards more capacity projects during the second half of 2013.
Tags: sales
growth
ericsson
q1
AT&T revenue growth slows in Q1
2013-04-24 08:21:00| Telecompaper Headlines
(Telecompaper) AT&T reported first-quarter revenues down 1.5 percent to USD 31.4 billion, while EPS improved to USD 0.67 from USD 0.60 a year earlier. The results were impacted by the sale of its Advertising Solutions units; excluding this, EPS rose 8.5 percent to USD 0.64 and revenues were up 0.9 percent. Operating profit fell to USD 5.9 billion from USD 6.1 billion a year ago, and the margin dropped to 18.9 percent from 19.2. The US operator generated USD 8.2 billion in operating cash flow and spent USD 4.3 billion on capital equipment in the quarter. AT&T maintained its capex budget for the full year at USD 21 billion but cut planned spending for 2014 and 2015 to around USD 20 billion per year from USD 22 billion previously. The company said it expects savings through greater integration efficiencies in its Project VIP, accelerating LTE build in 2013 and other ongoing initiatives. The LTE network now reach nearly 200 million POPs and is expected to reach nearly 90 percent of the planned 300 million POPs by the end of 2013.
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