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MTS grows revenues 4% in Q3

2013-11-19 13:50:00| Telecompaper Headlines

(Telecompaper) Russia and CIS mobile operator MTS reported third-quarter revenues grew by 4 percent year-on-year to RUB 103.4 billion. In its home market Russia, revenues rose 3.7 percent to RUB 91.5 billion, and mobile services revenues were up 6 percent to RUB 70.3 billion. The company also got a boost from 45 percent growth in data service revenues, to RUB 13 billion. Group OIBDA increased by 5 percent to RUB 46.3 billion, and the OIBDA margin grew by 0.3 percentage points to 44.8 percent. OIBDA totaled RUB 41.5 billion in Russia, up by 3.6 percent. MTS said the results support its full-year outlook for at least 5 percent revenue growth and an OIBDA margin of at least 43 percent. Quarterly net profit reached RUB 18.079 billion, down by 10.4 percent due to a forex gain in the year-earlier period. Free cash flow for the first nine months of the year totaled RUB 72.2 billion, a 51 percent increase year-over-year. MTS said cash flow will come under pressure in Q4 when it steps up capital expenditure. Capex for the first nine months reached RUB 43.913 billion or 15 percent of revenues and MTS forecast this to grow to around 20 percent of revenue in the full year as it continues its LTE roll-out in Russia and GPON expansion in Moscow.

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Free adds 640,000 mobile customers in Q3

2013-11-15 10:04:00| Telecompaper Headlines

(Telecompaper) French operator Free added a net 640,000 new mobile subscribers in the third quarter, claiming the market lead in customer growth for the seventh consecutive quarter. The company finished the quarter with 7.435 million mobile customers, good for 11 percent of the market. The growth was driven by number portings from other operators, with customers attracted by expanded access to its plan at EUR 2 a month since the start of the year. Despite an end to lower termination rates for the new entrant, Free grew its mobile service revenues 35.6 percent year-on-year to EUR 292.1 million. Including equipment sales of EUR 22.9 million (+26.3%), mobile now accounts for around a third of the Iliad group's revenue. Free also grew its fixed broadband revenues 7.3 percent to EUR 625.5 million in Q3. Compared to June, the company added a net 62,000 fixed broadband customers, for a total 5.580 million. Broadband ARPU improved by EUR 0.20 compared to Q2 to EUR 36.1, thanks to growing take-up of the higher priced Freebox Revolution, which attracts a monthly of ARPU of over EUR 38. Total revenues for the Iliad group were up 15.3 percent from a year earlier to EUR 944.2 million.

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Vivendi reports flat sales, lower profit in Q3

2013-11-15 08:59:00| Telecompaper Headlines

(Telecompaper) French media and telecom group Vivendi reported EUR 5.35 billion of revenue in the third quarter, compared to EUR 5.34 billion in the third quarter of 2012. Sales were driven by 18.5 percent growth to EUR 1.16 billion at Universal Music and a 6.8 percent increase to EUR 1.26 billion at Canal Plus, offset by lower sales at its other core operations, French operator SFR and Brazilian operator GVT. Group EBITA decreased 27.9 percent to EUR 587 million from EUR 814 million. Only Universal Music saw EBITA growth, of 36.6 percent to EUR 112 million, while EBITA at SFR declined by 37.8 percent to EUR 334 million. Vivendi's adjusted net profit fell by 14.8 percent to EUR 403 million from EUR 473 million. The group confirmed its annual targets and said it would continue looking at splitting its telecom and media assets.

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UK: Ted Baker revenues surge in Q3

2013-11-14 12:08:00| Daily apparel & textile news and comment - from just-style.com

Group revenues at lifestyle brand Ted Baker were up by nearly a quarter in the third quarter, the company said today (14 November).

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Telekom Austria net profit falls 48% in Q3

2013-11-14 10:29:00| Telecompaper Headlines

(Telecompaper) Telekom Austria reported a sharp fall in third-quarter profits as it struggled to contain costs to face tough competition in its markets. Revenues were down 5.3 percent year-on-year to EUR 1.036 billion, and EBITDA fell 12.8 percent to EUR 357.9 million. The company said cost savings of EUR 112.9 million in the year to date could not offset a rise in costs in Austria to win over customers, while operations in Croatia and Bulgaria were under pressure from the weak economic conditions and regulatory effects. Net profit plunged 48.3 percent to EUR 51.3 million, and free cash flow was down 20.4 percent to EUR 0.30 per share. The company said it will focus on generating organic cash flow in order to improve its balance sheet, after it recently suffered downgrades in its credit ratings from S&P and Moody's. While net debt is down 16.6 percent since the start of the year, the recent EUR 1 billion purchase of spectrum in Austria is expected to push debt to 3.0 times EBITDA by year-end. The group aims to return to a stable BBB rating in the medium term. Telekom still maintained its guidance for capex for EUR 650-700 million over the full year, after EUR 493 million in the first nine months, and confirmed an annual dividend of EUR 0.05 per share. Annual revenues are still forecast at around EUR 4.1 billion.

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