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Verizon Wireless service revenues fall 0.4% in Q1
2015-04-21 14:54:00| Telecompaper Headlines
(Telecompaper) Verizon reported a slowdown in mobile customer growth and a drop in wireless services revenues in the first quarter, amid intense competition in the US market. Total mobile revenues were up 6.9 percent year-on-year to USD 22.3 billion, as its new handset pricing Verizon Edge helped offset a 0.4 percent fall in service revenues to USD 17.9 billion. Sales through Edge increased to 39 percent of phone activations in the quarter from 25 percent in Q4 2014, and Verizon said the figure has since risen to nearly 50 percent. The wireless operating margin was flat year-on-year at 35.0 percent, and the EBITDA margin fell by 0.1 percent point to 44.8 percent. Verizon Wireless added 565,000 retail postpaid customers in the three months, while losing 188,000 prepaid users. Total retail connections were up 5.1 percent year-on-year to 102.6 million. Retail postpaid churn was at 1.03 percent in the quarter, down from 1.07 percent a year ago. At the bottom line, Verizon reported earnings of USD 1.02 per share, down from USD 1.15 a year ago when it booked one-time gains on its buy-out of Verizon Wireless. Excluding these items, EPS was USD 0.84 a year ago.
Tags: service
fall
wireless
revenues
TeliaSonera underlying service revenues down 1.1% in Q1
2015-04-21 09:02:00| Telecompaper Headlines
(Telecompaper) TeliaSonera reported first-quarter revenues up 8.8 percent to SEK 26.04 billion. The growth was largely due to currency effects and equipment sales, as service revenues in local currencies, excluding acquisitions and disposals, decreased 1.1 percent. Adjusted EBITDA rose 2.3 percent to SEK 8.54 billion, but fell 4.3 percent in local currencies. The EBITDA margin, excluding non-recurring items, decreased to 32.8 percent from 34.9 a year ago. Net profit fell 5.9 percent to SEK 3.71 billion. Free cash flow increased to SEK 2.85 billion from SEK 2.56 billion a year earlier despite higher cash capital expenditure, as the group benefited from lower taxes and working capital changes. Despite the weaker results, TeliaSonera maintained its outlook for 2015 EBITDA unchanged excluding currency and M&A effects. The operator said it expects a gradual improvement in the course of the year and continues to focus on cost control.
Tags: in
service
underlying
revenues
Tele2 mobile service revenue grows 10% in Q1
2015-04-21 08:32:00| Telecompaper Headlines
(Telecompaper) Tele2 reported first-quarter sales up 6 percent to SEK 6.512 billion, led by 10 percent growth in mobile service revenue. Revenue was also helped by currency effects and rose just 2 percent excluding forex. EBITDA increased 5 percent (or 2 percent excl forex) to SEK 1.428 billion, while net profit fell 12 percent to SEK 517 million. The results are based on continuing operations and exclude the SEK 1.8 billion capital gain realised on the sale of Tele2 Norway. Tele2 also started a 'challenger' programme in Q4 with the aim of increasing productivity and saving SEK 1 billion annually by 2018. This resulted in SEK 14 million in restructuring costs in Q1 and led to a 27 percent fall in EBIT to SEK 702 million.
Tags: service
mobile
revenue
grows
just The Preview - Heineken's Q1
2015-04-20 22:06:39| Daily beverage news and comment - from just-drinks.com
On Wednesday, Heineken will report its first-quarter numbers. Here just-drinks looks at the group's activities in the three months to the end of March:
New car sales up in March, flat for Q1
2015-04-18 17:46:24| Auto Dealers - Topix.net
New-car sales in Monroe County continue to keep pace with 2014 sales, the Rochester Automobile Dealers' Association Inc. reported. Area dealers sold 4,408 new vehicles in March, up 46 percent from 3,013 in February and nearly 4 percent from 4,257 a year ago.
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