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Belgacom grows revenues, customer base in Q1

2015-05-08 09:43:00| Telecompaper Headlines

(Telecompaper) Belgacom reported first-quarter underlying sales of EUR 1.479 billion, up 5.5 percent from a year earlier. Revenues from core activities increased 3.3 percent, and group EBITDA rose 3.8 percent year-on-year to EUR 423 million. Capital expenditure was up 26 percent to EUR 227 million, driven by the roll-out of LTE, which reached 94.9 percent outdoor population coverage and 77.2 percent indoors at the end of March. Belgacom said it had very strong operational results in the quarter, strengthening its market share to 45.4 percent in internet and 33.9 percent for digital TV. The Belgian operator maintained its outlook for 2015 results. Consumer revenues were up 5.3 percent to EUR 711 million, with EBITDA of EUR 354 million. The enterprise unit posted turnover of EUR 392 million, up 2.2 percent, and the wholesale international division BICS grew by 11.9 percent to EUR 357 million. 

Tags: customer base revenues grows

 

Liberty Global sees subscriber growth slow in Q1

2015-05-08 08:47:00| Telecompaper Headlines

(Telecompaper) Cable group Liberty Global reported a slowdown in the first-quarter to organic net additions of just 68,000 revenue-generating units. The company said the weak performance was due mainly to higher video losses in Germany, the Netherlands and Ireland. Total RGUS rose by 80,000 in the three months to 56.0 million at the end of March, with growth held back by higher churn in the Netherlands after the takeover and integration of Ziggo. RGU additions were back on track in April, with net adds running well ahead of April 2014, the company said. Liberty Global's RGUs were still up by around 1 million from Q1 2014, and price increases helped the operator grow first-quarter organic revenues 2 percent to USD 4.5 billion. Operating cash flow was up 1 percent on an organic basis to USD 2.1 billion, while operating profit fell 4 percent to USD 558 million. Liberty Global said it still expects to meet its full-year targets, including mid-single digit organic growth in operating cash flow and free cash flow of USD 2.5 billion. 

Tags: global growth slow sees

 
 

Listeria recalls lead Inventure Foods to a $14M loss in Q1

2015-05-07 20:06:08| Food - Topix.net

Inventure Foods Inc. posted a first quarter loss of $14.6 million or 75 cents per share Thursday, which the company is blaming on its recall of products that could have been exposed to Listeria monocytogenes. The Phoenix-based specialty food marketer and manufacturer reported that the recall of some of its frozen food products manufactured in a Georgia plant in April cost the company $15.9 million in the first quarter of the year.

Tags: lead loss foods recalls

 

Hugo Boss 'positive' for full-year despite drop in Q1 profits

2015-05-06 12:34:23| Apparel - Topix.net

German fashion house Hugo Boss said Wednesday that profits fell in the first three months of 2015, but the outlook for the whole year was positive. "The apparel industry is currently feeling the effects of strong consumer restraint in Europe in particular.

Tags: positive drop boss profits

 

One-offs boost Anheuser-Busch InBev bottom line in Q1

2015-05-06 09:50:00| Daily beverage news and comment - from just-drinks.com

Anheuser-Busch InBev has reported a strong rise in net profits for the first quarter, thanks in part to a one-off mark-to-market adjustment, but also to " strong top-line growth".

Tags: line bottom boost bottom line

 

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