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Tag: revenues fall
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
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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
Vimpelcom revenues fall 21% in Q4 on stronger dollar
2015-02-25 08:49:00| Telecompaper Headlines
(Telecompaper) Mobile operator Vimpelcom reported fourth-quarter revenues down 21 percent year-on-year to USD 4.39 billion, hurt by the weaker ruble in its home market Russia and other negative forex effects. EBITDA was still up 58 percent USD 1.60 billion, due to a one-time charge in the year-earlier quarter for a fine in Algeria. The company's net loss narrowed to USD 935 million from USD 3.86 billion, after fewer impairment charges. Vimpelcom wrote down the value of operations in Ukraine, Laos and Pakistan for USD 1.1 billion, mainly due to weak macroeconomic conditions. Excluding exchange rate effects, Vimpelcom reported revenues down 3 percent, service revenue down 2 percent, and EBITDA falling 8 percent. Over the full year, the company met its outlook for a single-digit decline in sales and EBITDA. Operating cash flow was down 5 percent to USD 4.063 billion in the 12 months, and capex reduced 2 percent to USD 3.91 billion. Net debt was still slightly higher than targeted, at 2.5 times EBITDA. Vimpelcom said it expects the economic conditions to remain difficult in 2015. The operator forecast a further fall in revenue, with a low single-digit organic drop in service revenues. The EBITDA margin is expected stable to down around 1 percent point from 40.6 percent in 2014. Capex is forecast at around 20 percent of revenues again, and Vimpelcom raised is leverage target to 3.2 times EBITDA, or 1.7 excluding its Italian operations, due to the currency fluctuations.
Tags: fall
dollar
stronger
revenues
Manchester United revenues fall 12%
2015-02-12 13:45:26| BBC News | Business | UK Edition
Manchester United sees its revenue fall by 12.2% to 194.4m for the six months to the end of December.
Tags: united
fall
revenues
manchester
Blackberry narrows loss as Q3 revenues fall to USD 793 mln
2014-12-19 15:53:00| Telecompaper Headlines
(Telecompaper) BlackBerry said revenues for its third quarter to 29 November fell to USD 793 million from 1.2 billion the year before. Hardware contributed 46 percent to revenues, services accounted for another 46 percent and software for 8 percent. Hardware revenue was recognised on 2 million BlackBerry smartphones. The company sold a total of 1.9 million smartphones to end customers. The net loss narrowed to USD 148 million or USD 0.28 per share, from a loss the year before of 332 million or 0.63 per share. The non-GAAP net result went to a profit of USD 6 million or USD 0.01 per share, from a loss the year earlier of 0.02 per share. At the end of fiscal Q3, the company had total cash, cash equivalents, short-term and long-term investments of USD 3.1 billion, up by USD 43 million from the previous quarter. The EZ Pass Program resulted in a total of 6.8 million licenses issued for BES10, a 100 percent increase from fiscal Q2, with over 30 percent of total licenses traded in from competitor Mobile Device Management platforms. Going forward, Blackberry expects to maintain its strong cash position, while increasingly looking for opportunities to prudently invest in growth. The company continues to anticipate break-even or better cash flow from operations. As it expands distribution capability, the company continues to target sustainable non-GAAP profitability some time in fiscal 2016.
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