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3 Group grows FY EBIT 54%, reaches positive opg cash flow
2014-02-28 09:16:00| Telecompaper Headlines
(Telecompaper) Hutchison Whampoa's 3 Group reported EBITDA up 38 percent in 2013 to HKD 12.67 billion. Its EBITDA margin jumped to 27 percent from 21 in 2012. Revenues rose 6 percent to HKD 61.98 billion, with a 4 percent increase in local currencies and 9 percent growth in service revenue. Operating profit (EBIT) was up 54 percent to EUR 4.86 billion. The mobile operator also reached the milestone of positive operating cash flow, measured as EBITDA minus capex, at HKD 2.50 billion versus a negative HKD 2.13 billion in 2012. This followed a small drop in capex last year, to HKD 10.18 billion. The company's growth was helped by its takeover of Orange Austria, and the company expects to complete its takeover of O2 Ireland in Q2 this year, pending regulatory approval. With the stabilisation of termination rates in Europe and the company's move to a no-subsidy handset model, 3 said it's set for further growth in the coming year, supported by demand for smartphones and data services. 3 finished 2013 with 22.14 million active customers in Europe, up from 18.54 million a year earlier, led by a doubling in the Austrian base and double-digit growth in every other market apart from the UK. The share of postpaid increased to 59 percent from 56 at the end of 2012. ARPU was still down 12 percent to EUR 21.13 on a 12-month trailing basis. Total data traffic rose to over 384 petabytes from 247 in 2012, and average use per customer increased to 18.2 GB in 2013 from 14.0 in 2012.
Tags: group
positive
cash
flow
UTi Worldwide Reaches New 52-Week Low at $11.00
2014-02-27 17:10:44| Logistics - Topix.net
UTi Worldwide 's share price reached a new 52-week low during mid-day trading on Wednesday , Stock Ratings Network.com reports.
Tags: low
worldwide
reaches
uti
Global production of Mazda3 reaches 4M units; currently ~30% of total sales
2014-02-25 12:30:22| Green Car Congress
Brady Corporation Reaches Agreement to Sell Its Die-Cut Business
2014-02-25 05:05:32| Industrial Machines - Topix.net
Brady Corporation , a world leader in identification solutions, today announced that it has reached an agreement to sell its Die-Cut business to Boyd Corporation, a global business headquartered in Modesto, California, that specializes in custom fabricated sealing and energy management solutions.
Tags: business
sell
agreement
corporation
Recycling of HDPE plastic bottles in UK reaches 79% in 2013
2014-02-25 01:00:00| Food Processing Technology
Recycling levels of high density polyethylene (HDPE) plastic milk bottles in the UK increased to 79% last year in the UK, according to a survey by Recoup Recycling.
Tags: in
plastic
recycling
reaches
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