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Tag: revenue outlook
Orange maintains outlook as revenue trend improves in Q1
2014-04-29 08:51:00| Telecompaper Headlines
(Telecompaper) Orange reported improving trends in the first quarter, with the drop in revenues slowing compared to the previous quarter. Revenues were down 4.6 percent year-on-year to EUR 9.80 billion, hurt in part by negative forex effects (-0.6%). On a comparable basis, excluding regulatory effects, sales fell 4.9 percent in France and 5.1 percent in Poland, but rose 3.2 percent in Spain. The rest of the world was down 0.2 percent, as growth in the Mideast, Africa and Romania was offset by weakness in other European markets such as Slovakia and Belgium. Orange reported adjusted EBITDA down 3.4 percent to EUR 3.02 billion, with the margin up 0.4 percent point to 30.8 percent thanks to savings on sales and personnel costs. Capital expenditure was little changed year-on-year at EUR 1.16 billion in Q1. Orange attributed the improved results to its investments in fibre and LTE, as well as convergent offers. The operator also grew its customer base 4.2 percent year-on-year to 239.4 million. Orange maintained its outlook for full-year adjusted EBITDA of EUR 12.0-12.5 billion, a net debt ratio closer to 2x EBITDA by year-end and an increase in the dividend to 60 cents a share.
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Cisco lowers revenue growth outlook
2013-12-13 08:52:00| Telecompaper Headlines
(Telecompaper) Cisco Systems has reduced its mid-term growth forecast to 3-6 percent revenue growth per year, from 5-7 percent previously. The new outlook was given by CFO Frank Calderoni at an investors conference in . The reduced forecast is due to the weaker economic climate, conservative customer budgets and constraints at service providers. At the same time, Cisco continues to see growth in products for the data centre, cloud, mobility and security segments. Growth in these areas will offset expected flat revenues over the next 3-5 years at its core business. In compensation for the weaker revenues, Cisco aims to reduce operating costs as a percentage of sales, to the low 30s from 34 percent last year and 35 percent the previous year. The adjusted operating margin is expected to remain in the high 20s, after a figure of 28 percent the past two years. The company also remains committed to growing cash flow in order to continue its share repurchases. For the current quarter to January, Cisco forecasts revenues down 8-10 percent year-on-year, hurt by the slowdown in emerging markets, product transitions and constricted spending at operators. Over the full year, adjusted EPS is expected little changed, at USD 1.95-2.05 versus USD 2.02 last year.
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United Technologies' 2013 earnings and revenue outlook miss Street views
2013-12-13 06:36:31| Industrial Machines - Topix.net
Louis Chenevert, the aerospace and building-systems manufacturer's chairman and chief executive, gave the outlook Thursday at a meeting with investors in New York.
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Telenor cuts FY revenue outlook as growth slows in Q3
2013-10-31 08:59:00| Telecompaper Headlines
(Telecompaper) Telenor has cut its sales growth outlook for the year, after growth slowed to 1 percent in the third quarter. It now expects annual organic revenue growth of 1-2 percent, down from an earlier outlook of 2-4 percent. Revenues were weaker-than-expected in its home market Norway, and restructuring is needed in Denmark, Telenor said. Revenues were also impacted its decision to scale back operations in India. The company maintained its EBITDA margin target of 34 percent in 2013, after a result of 37.1 percent in Q3. Total revenues reached NOK 25.95 billion in Q3, up from NOK 25.25 billion a year earlier, and EBITDA rose to NOK 9.62 billion from NOK 8.82 billion. The net profit increased to NOK 3.92 billion from NOK 3.65 billion, helped by a stronger contribution from the company's stake in Vimpelcom. Capex increased slightly to NOK 5.59 billion, and operating cash flow was also higher, at NOK 5.89 billion. Telenor said full-year capex will be at the high end of its earlier forecast, at 13-14 percent of revenue excluding licence and spectrum costs.
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Swisscom raises revenue outlook, sees new CEO by year-end
2013-08-07 09:25:00| Telecompaper Headlines
(Telecompaper) Swisscom reported a small drop in first-half results, but raised its full-year revenue outlook thanks to recent acquisitions. Sales for the first six months of the year dropped 0.4 percent to CHF 5.6 billion, and EBITDA fell 5.5 percent to CHF 2.1 billion. The company blamed the drop on general price erosion in the Swiss market and lower roaming revenue, while growth in customer numbers also increased costs. Net income fell by 9.7 percent to CHF 819 million. Capex was down 0.4 percent in the first half to CHF 1.0 billion, but the company still expects a higher result for the full year. Revenues for 2013 are now estimated at over CHF 11.4 billion, up from an earlier outlook of CHF 11.3 billion, following the acquisitions of Entris and Cinetrade in H1, which are expected to add about CHF 150 million this year. Swisscom maintained its EBITDA outlook, for at least CHF 4.25 billion in 2013, and capex is forecast at CHF 2.4 billion. The company also announced that it expects to appoint a new CEO before year-end, and Christian Petit has been named the new head of Swisscom Switzerland from 1 September.
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