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Tag: revenues
Orange trims FY outlook as revenues, EBITDA turn lower in Q2
2020-07-30 09:36:00| Telecompaper Headlines
(Telecompaper) Orange said its business remained resilient in the second quarter, despite the global health crisis. Growth in France and the Middle East helped offset weakness in other European markets and the enterprise segment. Nevertheless, underlying results were slightly lower, and the French operator downgraded its full-year forecast for EBITDA, as the coronavirus weighs on results.
Telefonica Q2 results hit by Covid-19, forex effects, revenues fall 15%
2020-07-30 09:14:00| Telecompaper Headlines
(Telecompaper) Telefonica reported a sharp fall in second-quarter results, hurt by the Covid-19 pandemic and negative forex effects. Revenues fell 14.8 percent to EUR 10.34 billion, OIBDA was down 25.3 percent to EUR 3.32 billion, and net profit plunged 50.7 percent to EUR 425 million. Telefonica said underlying cash flow improved slightly, thanks to efforts to control costs and accelerate the digital transformation, and the company still expects to meet its full-year cash flow and dividend targets.
Tags: results
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Telefonica Spain revenues down over 5% in Q2, commits to 100% fibre coverage by 2025
2020-07-30 09:12:00| Telecompaper Headlines
(Telecompaper) Telefonica's domestic unit (Telefonica Espana) reported revenues of EUR 3.03 billion in the second quarter of 2020, down 5.2 percent year on year due to heavy impact from the strict measures imposed to prevent the spread of Covid-19, above all affecting handset sales (-50.2%) and reducing out of bundle consumption. Service revenues fell 3.9 percent year on year, affected by lower retail sales resulting from the enforced closure of stores and reduced roaming. The lockdown also affected the company's operating income before depreciation and amortisation (OIBDA), which plunged 8.9 percent to EUR 1.21 billion in the April to June period.
Tags: to
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ABI: connected car market will endure a 15% shipment decline, flat revenues in 2020; sales return on trend early 2022
2020-07-29 09:55:33| Green Car Congress
Verizon Q2 revenues fall 5% on drop in wireless, advertising
2020-07-24 16:00:00| Telecompaper Headlines
(Telecompaper) Verizon reported a small increase in second-quarter net earnings, despite lower revenues, and said it still expects roughly flat earnings in the full year. Sales at the US operator were down 5.1 percent to USD 30.4 billion in Q2, hurt by lower handset sales due to store closures during the coronavirus outbreak as well as reduced usage and roaming by customers. The company said wireless service revenues fell 2.7 percent year-on-year to USD 13.1 billion and forecast a figure flat to 1 percent lower in Q3.
Tags: advertising
fall
wireless
drop
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