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Bouygues Telecom trims FY outlook as sales growth slows due to pandemic
2020-08-27 11:26:00| Telecompaper Headlines
(Telecompaper) Bouygues Telecom has trimmed its outlook for full-year results following pressure from the Covid-19 pandemic. The French operator now expects annual growth of 4 percent in services revenue due to the sharp drop in roaming, compared to a previous forecast for 5 percent growth. This follows growth of 8 percent in service revenues in the first half of the year.
Swisscom trims FY revenue outlook as Q2 sales fall 3%
2020-08-13 11:05:00| Telecompaper Headlines
(Telecompaper) Swisscom said its net revenues decreased by 3.3 percent in Q2 to CHF 2.02 billion. The Covid-19 pandemic led to a reduction in customer travel, resulting in lower roaming revenues of CHF 41 million, it said. EBITDA after lease expenses fell by 2.2 percent to CHF 833 million, while operating cash flow jumped by 68.9 percent to CHF 424 million.
Tags: sales
fall
revenue
outlook
OPEC Trims 2020 Oil Demand, Sees Doubts About 2021 on Virus Fallout
2020-08-12 15:55:48| OGI
World oil demand will fall by 9.06 million barrels per day (MMbbl/d) this year, OPEC said in a monthly report, more than the 8.95 MMbbl/d decline expected a month ago.
Orange trims FY outlook as revenues, EBITDA turn lower in Q2
2020-07-30 09:36:00| Telecompaper Headlines
(Telecompaper) Orange said its business remained resilient in the second quarter, despite the global health crisis. Growth in France and the Middle East helped offset weakness in other European markets and the enterprise segment. Nevertheless, underlying results were slightly lower, and the French operator downgraded its full-year forecast for EBITDA, as the coronavirus weighs on results.
Ovintiv Top Exploration Executive Steps Down as Company Trims Workforce
2020-06-19 15:30:00| OGI
Ovintiv, the oil producer formerly known as Encana, said June 18 it had laid off 25% of its total workforce this month, equally spread across its offices in Calgary, Denver and The Woodlands, Texas.
Tags: top
company
executive
steps
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