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Numericable-SFR revenues fall 5% in 2014, EBITDA down 11%
2015-03-05 09:10:00| Telecompaper Headlines
(Telecompaper) French operator Numericable-SFR confirmed a drop in pro forma results for 2014 and outlined plans for cost reductions and synergies from the merger that created the company. Revenues fell 5.0 percent to EUR 11.44 billion. Adjusted EBITDA declined 11 percent to EUR 3.10 billion, and capex fell 7.7 percent to EUR 1.78 billlion. This resulted in a 15 percent fall in operating cash flow to EUR 1.32 billion. Debt was at 3.6 times EBITDA at year-end. The company highlighted the investment in its fibre and mobile networks last year. It added over 800,000 homes passed to reach 6.4 million homes with access to 100 Mbps or higher. The 4G network coverage passed 50 percent at year-end, thanks in part to the network-sharing pact with Bouygues Telecom. The DSL customer base declined by 1.4 percent over the year to 5.03 million customers, while fibre/hybrid cable subscribers increased by 4.5 percent to 1.547 million. Growth in fibre was helped by the launch of Numericable services by SFR at end-November, and the company said the growth continued in early 2015. Fixed-line ARPU dipped by 0.6 percent to EUR 34.1, which the operator blamed on aggressive discounts by SFR for FTTH. Mobile ARPU was also lower, down 5.9 percent to EUR 22.5. SFR finished the year with 22.94 million customers, down 1.2 percent from 2013.
Tags: down
fall
revenues
ebitda
Dutch mobile service revenues fall 6.6% in 2014
2015-03-05 08:48:00| Telecompaper Headlines
(Telecompaper) The Dutch mobile service market contracted 6.6 percent in 2014 to EUR 5.0 billion in revenues, according to Telecompaper's latest market monitor. The drop in service revenue slowed from 7.1 percent in 2013, but was still due in part to regulatory factors. Lower termination and roaming rates were responsible for about a third of the revenue lost last year; without the regulatory impact, revenues would have fallen only 4.6 percent. The rest of the drop in revenue in 2014 was due to tough competition, lower out-of-bundle revenues and changes in customer behaviour, as the growing use of messaging and VoIP apps led to a continued decline in voice and SMS revenues. Data revenues showed only modest growth, despite a near doubling in mobile data traffic, driven by the growing number of 4G users. For 2015, Telecompaper expects a smaller decline in service revenue, of around 4.4 percent.
Tags: service
mobile
fall
dutch
US stocks fall, pulling market further below record highs
2015-03-04 23:43:12| Apparel - Topix.net
U.S. stocks sank Wednesday, pulling indexes further below record highs hit earlier in the week. The drop was modest but broad: nine of the 10 sectors in the Standard & Poor's 500 index lost ground.
Tags: market
record
fall
stocks
Stocks Fall, Us Auto Sales Disappoint: Here's what you need to know
2015-03-04 01:44:57| Auto Dealers - Topix.net
Stocks fell a day after the Nasdaq crossed 5,000 for the first time in 15 years as US auto sales for February disappointed. The pace of US auto sales fell to 16.2 million in February , versus expectations for sales to come in at a pace of 16.7 million.
L.B. Foster fourth quarter results fall short of expectations
2015-03-03 16:30:19| Industrial Machines - Topix.net
Green Tree-based L.B. Foster reported net income of $6.03 million, or 58 cents per share in its fourth quarter, down year-over-year from $7.28 million, or 71 cents per share. The company, which makes products for the rail, construction and energy markets, said sales rose to $161.1 million during the three months ended Dec. 31, from $156.5 million the previous year.
Tags: results
short
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