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TeliaSonera posts small rise in EBITDA, maintains outlook
2013-10-17 09:16:00| Telecompaper Headlines
(Telecompaper) TeliaSonera reported a small increase in third-quarter profits thanks to cost reductions and maintained its outlook for growth over the full year. While revenues were down 1.8 percent to SEK 25.38 billion in Q3, EBITDA increased 1.5 percent to SEK 9.42 billion. Excluding currency effects, acquisitions and disposals, sales were stable year-on-year and EBITDA rose 3.8 percent, as a 5.4 percent reduction in costs offset the weak economic climate and cuts to mobile termination rates. The adjusted EBITDA margin increased to 37.1 percent from 35.9 a year ago. Net profit rose 15.1 percent to SEK 4.64 billion, and free cash flow nearly doubled to SEK 7.31 billion, helped by dividends from the company's stake in Russian operator Megafon. The operator's new CEO, Johan Dennelind said he would work on strengthening the group's position in key markets, with an increased focus on innovation and continued cost efficiency. Following the scandal over the company's activities in Uzbekistan, which led to the downfall of the previous management, Dennelind said TeliaSonera was taking further measures to improve governance.
Tags: small
posts
rise
outlook
RISE 2013 highlighted new technical innovations
2013-10-17 07:00:00| Nonwovens Industry Breaking News
Attendance increased 25% from previous year.
Tags: technical
rise
innovations
highlighted
Employers With Sizzle: Google Is #1 But Big Oil's Rise Is Stunning
2013-10-17 02:05:27| Oil & Gas - Topix.net
If you could work anywhere, what employer would you pick? LinkedIn culls its member data annually for insights, and the big surprise of this year's survey isn't that Google, once again, rates No.
Why Contractor Wellness Programs Are on the Rise
2013-10-16 17:41:21| ENR.com: Headline News
The rise of wellness programs among construction firms mirrors a national trend.
Tags: the
programs
rise
wellness
US: PepsiCo posts YTD profits rise but North American CSDs slump
2013-10-16 14:25:00| Daily beverage news and comment - from just-drinks.com
PepsiCo has posted a strong jump in year-to-date group profits, but North American beverages dragged on the Q3 performance as CSD volumes dropped by mid-single digits.
Tags: north
posts
american
rise
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