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Boston Beer Co drives margins to boost YTD sales, profits

2015-10-30 10:45:00| Daily beverage news and comment - from just-drinks.com

Boston Beer Co increased both margins and volumes to post a nine-month sales and profits jump, but increased competition for Samuel Adams saw it cut back on its full-year outlook.

Tags: sales boston beer drives

Alcatel-Lucent improves margins, cash flow in Q3

2015-10-29 09:08:00| Telecompaper Headlines

(Telecompaper) Alcatel-Lucent reported third-quarter revenues down 5 percent year-on-year to EUR 3.43 billion. Adjusted operating profit improved to EUR 212 million from EUR 170 million a year ago, as the company completed about 90 percent of the cost savings targeted under its 'Shift Plan'. The gross margin was up 50 basis points year-over-year to 34.5 percent, and the adjusted operating margin expanded 100 points to 6.2 percent. The net result was still a loss of EUR 206 million, widening from EUR 18 million a year ago due to a goodwill impairment charge on ASN. Operating cash flow moved to a positive EUR 83 million versus negative EUR 61 million a year earlier. For 2015 as a whole, Aclatel-Lucent forecast Core Networking revenues of EUR 6.8-7.0 billion and an adjusted operating margin similar to 2014, owing to the dilutive contribution from ASN. The submarine networks division has suffered from delays in contractual implementation of awards and continued softness in some geographies, notably Japan, the company said. The Access division, after reaching record profitability in Q3, is expected to largely exceed the operating cash flow target of EUR 200 million for 2015.

Tags: cash flow improves margins

Bharti Airtel improves margins as revenues rise 4%

2015-10-26 14:35:00| Telecompaper Headlines

(Telecompaper) Indian operator Bharti Airtel reported a continued increase in sales and profits for its fiscal second quarter, driven by strong demand for mobile data services. Revenues rose 4 percent year-on-year to INR 238.36 billion, and EBITDA was up 7 percent to INR 82.65 billion, helping the margin expand to 34.7 percent from 33.9 a year ago. Despite a doubling in financing costs, the sale of towers infrastructure helped the company still post a 10 percent rise in net profit to INR 15.23 billion. Capital expenditure jumped 35 percent to INR 50.34 billion on the expansion of 3G and 4G networks, leading to a 20 percent drop in operating cash flow to INR 32.31 billion.

Tags: rise revenues improves margins

Ericsson improves margins as sales slow in Q3

2015-10-23 08:40:00| Telecompaper Headlines

(Telecompaper) Ericsson reported improving margins and profits in the third quarter, as its efficiency programme helped offset weak sales. Revenues increased 3 percent year-on-year to SEK 59.2 billion, but were down 9 percent on an organic basis due to lower sales in Networks. This was partly offset by sales growth in Professional Services. A higher share of services in the revenue mix led to a drop in the adjust gross margin, to 34.5 percent from 35.5 a year ago. The operating margin, excluding restructuring costs, improved though, to 10 percent from 7 percent a year earlier, thanks to lower costs. Ericsson said its Network Rollout business, within Global Services, also reached breakeven. Net profit rose to SEK 3.1 billion from SEK 2.6 billion in Q3 2014, and operating cash flow returned to a positive SEK 1.6 billion after a negative SEK 1.4 billion a year ago.

Tags: sales slow ericsson improves