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Tag: slows
Telefonica organic growth slows in Q2
2016-07-28 07:59:00| Telecompaper Headlines
(Telecompaper) Telefonica reported a fall in second-quarter results, hurt by negative currency effects, while underlying growth slowed from Q1. Revenues dropped 7.7 percent to EUR 12.723 billion, and OIBDA fell 7.1 percent to EUR 3.918 billion. On an organic basis, the company reversed the growth of the first quarter and saw a 0.2 percent fall in revenues, and OIBDA organic growth slowed to 0.8 percent from 3.1 percent in Q1. The OIBDA margin rose to 30.8 percent from 30.5 a year ago. Net profit more than halved, to EUR 693 million from EUR 1.556 billion. The weaker growth was apparent in all of Telefonica's European markets, where it has started to consolidate O2 UK again, as well as some Latin American markets. Total service revenue was up 1.5 percent year-on-year on an organic basis, led by a 16 percent increase in non-SMS mobile data revenues. Mobile data traffic rose 50 percent year-on-year, driven by more LTE customers, which now make up 19 percent of the total mobile base.
Tags: growth
organic
q2
telefonica
U.S. Office Sector Enjoys Steady Q2 Leasing Momentum Even as Rent Growth Slows, Sales Stall
2016-07-28 03:32:00| National Real Estate Investor
Randyl Drummer <news@costar.com> The U.S. office market continued its steady momentum in the second quarter, recording 39.4 million square feet of net absorption in the first six months of 2016. read more
Tags: office
sales
growth
rent
Orange sales growth slows in Q2 on lower roaming revenue
2016-07-26 08:14:00| Telecompaper Headlines
(Telecompaper) Orange reported comparable sales flat year-on-year in the second quarter, at EUR 10.07 billion, as a recovery in Spain and customer growth was offset by the negative impact of the roaming price cuts in Europe and slower growth in Africa. On a reported basis, sales rose 1.9 percent, and adjusted EBITDA was up 2.3 percent to EUR 3.34 billion. EBITDA was also flat on a comparable basis, excluding currency effects, divestments and acquisitions, and the margin was unchanged year-on-year at 33.2 percent. Orange's operating profit fell 0.8 percent to EUR 1.33 billion, while capital expenditure increased 15.4 percent to EUR 1.71 billion or 17 percent of revenue.
Tags: sales
lower
growth
orange
Netflix subscriber growth slows in Q2
2016-07-19 08:24:00| Telecompaper Headlines
(Telecompaper) Netflix reported slower-than-expected customer growth in the second quarter, adding 1.68 million new streaming customers compared to its forecast of 2.50 million. Revenues were still up 28 percent year-on-year to USD 2.11 billion, just under its forecast of USD 2.14 billion. Its contribution profit, after costs, was up 28 percent to USD 416 million, giving a margin of 19.8 percent, and operating profit was better than expected, at USD 70 million. Net profit also came in higher than forecast, at USD 41 million, and Netflix aims for a net profit over the full year as well. The slower customer growth was in the US, where the company gained just 162,000 new streaming subscribers, for a total 47.1 million, and abroad, where Netflix gained 1.52 million customers versus a forecast of 2.00 million.
Tags: growth
subscriber
q2
slows
Brexit Slows Down Manufacturing Recovery
2016-07-18 11:51:00| Offshore Technology
Columbia Metals' Q2 survey of market conditions in the sector suggests that Brexit has taken the wind out of the sails of the UK's precision engineers.
Tags: manufacturing
recovery
slows
brexit
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