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Ericsson Q1 sales fall 9%, profits improve
2014-04-23 08:50:00| Telecompaper Headlines
(Telecompaper) Ericsson reported first-quarter sales down 9 percent from a year earlier to SEK 47.5 billion, hurt by slower sales in North America and Japan. On a comparable basis, adjusted for currency, sales decreased 7 percent year-on-year and were down 28 percent compared to the fourth quarter. The company still improved its operating margin, to 5.5 percent from 4.0 a year ago, thanks to more mobile broadband capacity sales and lower restructuring charges. Total operating profit rose to SEK 2.6 billion from SEK 2.1 billion, and net profit increased 41 percent to SEK 1.7 billion. Helped by its new licence agreement with Samsung, Ericsson increased operating cash flow to SEK 9.4 billion, compared to a negative SEK 3.0 billion a year ago. Ericsson said it expects a number of key contract wins, such as LTE projects in China, Japan and Taiwan, to impact sales and the business mix in the second half of the year. However, the political uncertainty in parts of the Middle East and Africa is having a negative impact on sales. This could also spread to Ukraine and Russia, where Ericsson recorded SEK 5.9 billion in sales last year, the company warned.
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China sales fall hits Remy Cointreau
2014-04-17 09:13:19| BBC News | Business | UK Edition
French spirits firm Remy Cointreau says operating profits will fall by up to 40% after a crackdown by China on extravagant spending hits sales.
Indian car sales fall for second straight year
2014-04-12 03:58:38| Auto Dealers - Topix.net
Indian car sales declined for the second year in a row in the year ended last month, an industry body said Friday.
Car Sales Expected To Rise 2 Percent In March, Fall 0.3 Percent In First Quarter 2014
2014-03-26 19:37:05| Auto Dealers - Topix.net
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Russia: New car sales may fall 6.5 pct in 2014 - minister
2014-03-18 11:06:42| Auto Dealers - Topix.net
New car sales in Russia may fall between 2.8 percent and 6.5 percent according to a deputy industry minister - due to a weaker rouble and falling oil prices, Reuters reports.
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