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Telefonica Q4 sales flat, OIBDA falls 88% on restructuring
2016-02-26 08:12:00| Telecompaper Headlines
(Telecompaper) Telefonica reported fourth-quarter revenues flat at EUR 11.881 billion, as negative currency effects offset growth from the acquisitions of GVT and DTS. OIBDA fell 88.1 percent to EUR 401 million due to restructuring charges. On an organic basis, Telefonica reported revenues down 2.0 percent in Spain, up 2.0 percent in Germany and 3.4 percent higher in Latin America. OIBDA was hut by a total EUR 3.122 billion in restructuring charges, including EUR 2.896 billion in Spain, as well as a contribution to the Telefonica Foundation of EUR 325 million. The net result was a loss of EUR 1.832 billion. Over the full year, Telefonica reported capital expenditure up 10.3 percent to EUR 9.578 billion, of which around EUR 1.6 billion went to spectrum, and the company posted positive operating cash flow of EUR 1.835 billion. Net debt rose by EUR 4.834 billion over the year, mainly due to dividends, capex and spectrum, to a total EUR 49.921 billion at year-end. This resulted in leverage of 2.91 times EBITDA, which the company estimates will fall to 2.31 after the sale of O2 UK. Telefonica expects to resume cash dividends next year at EUR 0.75 per share after the sale of O2. It also forecast for 2016 revenue growth over 4 percent, a stabilisation in the OIBDA margin and capital expenditure (excluding spectrum) at around 17 percent of revenues.
Tags: sales
flat
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Support for EMS Documentation Restructuring Project 1613014
2016-02-12 11:08:36| Space-careers.com Jobs RSS
Solenix is specialized in the provision of highquality software engineering, technical consulting and operations services in the aerospace domain. This vacancy note concerns an onsite consulting position at EUMETSAT in Darmstadt, Germany. Support for EMS Documentation Restructuring Project 1613014 Job Description We are looking for someone to support our client EUMETSAT for their Restructuring Project of its Management System Documentation. The objective of this Project is to deliver a Management System Documentation describing the way EUMETSAT works as an organisation to deliver the objectives laid down in the EUMETSAT Convention. This Documentation shall be easily understandable and used by the persons working at EUMETSAT, regardless from their function, and by other relevant interested parties. The project is managed by a multidisciplinary project team and is scheduled to be completed to 31.12.2016. This activity requires a parttime participation for the duration of the contract equivalent to a maximum of 60 of availability for the duration of the contract. Your skills should include Support in proofreading, finalising and delivering the new EUMETSAT Management System Documentation Support in traceability matrix between current and future Management System Documentation Administrative support to Project team Use of the EUMETSAT Documentation Management Tool and Intranet Required Skills and Experience The following mandatory skills are requested Knowledge and experience at least 5 years in Management System Documentation and ISO 9000 Standards Professional work experience at least 5 years in large and complex organisations where business processes analysis and modelling were implemented Very good IT skills MS Office, HTML. Desirable Skills and Experience Team working Planning, Organising Monitoring Action and Achievement Orientation Service and Customer Focus. Fluency in English is mandatory, together with good communication skills Work Location Darmstadt, Germany Dates Application Deadline 22 February 2016 Start of Work April 2016 Important Notes Before applying to this position, please read the page Notes to Applicants on the Solenix website under Career. Applicants must be EU citizens or have a valid work and residence permit in Germany. Security, identity and reference checks on the candidates are part of the recruitment process. Job Application Please send your applications electronically to careersolenix.ch before the application deadline 22 February 2016 Learn more about us in Facebook
Tags: support
project
documentation
ems
Yahoo confirms restructuring plans after Q4 loss
2016-02-03 08:35:00| Telecompaper Headlines
(Telecompaper) Yahoo! announced plans to narrow its focus and work to improve its revenues and profitability, after reporting a net loss for the last quarter of 2015. In 2016, the company will prioritize growing engagement with its user base and simplify its product portfolio to emphasize those products that distinguish the company competitively and drive the most substantial portion of users and revenue. Yahoo will continue to invest in its Mavens strategy (mobile, video, native and social) to grow sales from these areas to USD 1.8 billion this year from USD 1.6 billion in 2016. On the cost side, the company targets reductions in operating expenses of over USD 400 million by the end of 2016. This will include cutting its workforce by roughly 15 percent and closing offices in Dubai, Mexico City, Buenos Aires, Madrid and Milan. The impact on revenue from the product simiplification and office closures is expected to be limited to USD 100 million, while the cost cuts are expected to push EBITDA to an annual run rate of USD 1 billion by the second half of 2016, compared to USD 952 million in 2015. Yahoo! will also look at selling non-strategic assets, which could generate over USD 1 billion in cash, the company said.
Tags: yahoo
plans
loss
restructuring
Wrong turn Multi-million dollar Andrews restructuring project in jeopardy
2016-01-29 13:04:01| Sugar Industry News
A day after Minister of Finance Chris Sinckler delivered some sweet news to sugar farmers who have been awaiting pay, a major partner has threatened to pull out of Governments proposed $250 million Cane Industry Restructuring Project (CIRP) which is now in danger of collapsing.
Phased restructuring of the sugar industry is better than some of the other choices
2016-01-25 10:36:38| Sugar Industry News
A short while back I had written that the sugar industry is in dire straits, and that its uncertain future seems to matter only to those who have vested interests. This statement was in response to the calls of many in the public for GuySuCo to be closed. I, like many others, thereafter sought to make suggestions about how the industry can possibly be restructured and given an extension on its life.
Tags: the
other
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choices
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