je.st
news
Tag: fall
Ralph Lauren Q1 beats expectations despite profit fall
2015-08-06 11:34:00| Daily apparel & textile news and comment - from just-style.com
Ralph Lauren reported "better-than-expected" profitability in its first-quarter thanks to strong progress made on key strategic initiatives.
Tags: fall
profit
expectations
ralph
Vimpelcom to focus on cash flow as revenue fall continues
2015-08-06 10:07:00| Telecompaper Headlines
(Telecompaper) Vimpelcom reported a sharp fall in second-quarter results due to negative currency effects, while announcing a new plan to focus on cash flow going forward. The company said it was still on track to meet its 2015 targets, after a 2 percent organic fall in Q2 revenues and 3 percent organic drop in EBITDA for the period. On a reported basis, revenues were down 26 percent year-on-year to USD 3.76 billion, hurt by the stronger dollar, and EBITDA fell 17 percent to USD 1.51 billion. The EBITDA margin dropped to 40.2 percent from 41.0 a year ago. Net profit was still up 8 percent to USD 108 million. Vimpelcom reduced capital expenditure 34 percent to USD 674 million in the quarter, while operating cash flow was still down 21 percent to USD 836 million. Over the full year, the company narrowed its capex range to 18-20 percent of revenue, rather than the earlier target of 20 percent, as part of its new focus on cash flow. The outlook was otherwise maintained, at flat to slightly lower revenues on an organic basis and flat to 1 point lower EBITDA margin. The net debt ratio was also improved to a target of 3.1x EBITDA from earlier guidance of 3.2, compared to a result of 2.6 at the end of June. The new CEO Jean-Yves Charlier presented a new six-point strategy for the group going forward, with more details to be unveiled at an analyst meeting in October. The main target is to generate an additional USD 750 million in annual free cash flow within the next three years.
Chinese shares continue to fall
2015-08-06 08:50:31| BBC News | Business | UK Edition
Mainland Chinese shares trade lower, extending losses from the previous day, despite recent government actions to stabilise markets.
Tags: continue
fall
chinese
shares
Ironworker Dies in Fall at Logan Airport
2015-08-06 00:35:47| ENR.com: Headline News
Third-generation union ironworker Lawrence OLeary, 54, died on July 25, following injuries from a fall at a Logan International Airport construction site two weeks earlier, officials reported.
Disney shares plunge on profits fall
2015-08-05 22:06:25| BBC News | Business | UK Edition
Disney shares close down 9% after disappointing earnings figures sparking share price falls in rival cable companies.
Tags: fall
shares
disney
profits
Sites : [329] [330] [331] [332] [333] [334] [335] [336] [337] [338] [339] [340] [341] [342] [343] [344] [345] [346] [347] [348] next »