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Ziggo to address churn as Q1 sales growth slows to 0.2%
2013-04-17 09:23:00| Telecompaper Headlines
(Telecompaper) Ziggo reported first quarter revenues up 0.2 percent from the year before to EUR 387.8 million, despite a 5.8 percent decline in telephony revenues. The consumer market contracted (-0.6%), while the business market continued to grow (+11.7%). CEO Bernard Dijkhuizen said churn remains high. Ziggo will therefore initiate new loyalty campaigns in Q2, with a strong focus on customer retention. Adjusted EBITDA lifted 3.0 percent to EUR 222.6 million, with the EBITDA margin up slightly to 57.4 percent, while the net profit increased to EUR 92.6 million, or EUR 0.46 per share, from a loss of 14.5 million or EUR 0.07 per share a year ago. The net cash flow was up 8.3 percent to EUR 160.1 million. The number of All-in-1 bundle subscribers rose by 31,000 in the quarter, up 2.2 percent from Q4 and 8.3 percent year-on-year. All-in-1 bundle penetration reached 52.2 percent of Ziggo's consumer customer base. The cable operator added 24,000 internet subscribers, the number of digital subscribers went up by 4,000 to 2.260 million, and it added 33,000 telephony customers for a total 1.525 million at end-March. Ziggo reiterated its guidance for 2013 EBITDA up 2.5-3.5 percent, but cut the revenue outlook, saying it now expects revenue growth, excluding 'other revenues', at the low end of EBITDA growth. It previously expected revenues to grow slightly faster than EBITDA. The company expects improved revenue momentum over the course of the year as marketing and retention initiatives take effect.
FRANCE: LVMH Q1 fashion sales growth slows
2013-04-16 14:12:00| Daily apparel & textile news and comment - from just-style.com
Luxury goods powerhouse LVMH Moët Hennessy Louis Vuitton has seen its first-quarter sales growth slow at its fashion and leather goods division.
Tags: france
sales
growth
fashion
S&P 500 tumbles the most since November as Chinese growth slows
2013-04-16 08:26:48| Real Estate - Topix.net
U.S. stocks tumbled, sending the Standard & Poor's 500 Index to its biggest drop of the year -- while a gauge of market volatility jumped the most in 20 months -- after China's economy grew at a slower pace than forecast.
Tags: november
growth
chinese
slows
Cutting short-lived pollutants slows sea level rise
2013-04-15 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Xinhua: U.S. scientists said on Sunday that it's possible to greatly slow down sea level rise this century, by cutting emissions of so-called short-lived pollutants that cycle comparatively quickly through the atmosphere. The study, published in the journal Nature Climate Change, found that a sharp reduction in four pollutants beginning in 2015, namely, methane, tropospheric ozone, hydrofluorocarbons, and black carbon, could offset warming temperatures by up to 50 percent by 2050, and reduce sea level...
India car sales hit as economy slows
2013-04-10 10:17:29| BBC News | Business | UK Edition
Annual car sales in India have fallen for the first time in a decade, underlining the impact a slowdown in its economy is having on key sectors.
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