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Tag: growth
Vodafone nudges up guidance after returning to earnings growth
2015-11-10 10:24:05| Telecom - Topix.net
Vodafone reported a better-than-expected acceleration in revenue growth in the second quarter, helping it return to earnings growth for the first half and nudge its annual expectations towards the top of its guidance. The world's second largest mobile operator posted second quarter organic service revenue growth of 1.2 percent, an improvement on the 0.8 percent it saw in the first quarter and ahead of the 0.9 percent analysts were expecting.
Tags: growth
returning
guidance
earnings
Ericsson sees small slowdown in market growth
2015-11-10 09:16:00| Telecompaper Headlines
(Telecompaper) Ericsson forecast a slightly slower rate of growth for the global telecom market in the coming period, but said it still expects to outperform the market. At its latest Capital Markets Day, the company said the total addressable market will show an estimated CAGR of 2-4 percent in 2014-2018, compared to a forecast of 3-5 percent growth for 2013-2017. In addition to growing its core business of radio, core and transmission network equipment, Ericsson outlined adjacent targeted areas where it expects to exceed the market CAGR of 10 percent per year. These areas - cloud, IP networks, TV and media, OSS and BSS, as well as the 'Industry & Society' sector - will contribute around SEK 45 billion in revenue for the company this year, up from SEK 35 billion a year ago. The just announced partnership with Cisco is also expected to generate USD 1 billion or more of additional sales by 2018. Ericsson also confirmed its target for SEK 9 billion in annual costs savings by 2017. However, the one-time costs of the restructuring needed to achieve the savings will be higher than initially forecast, at SEK 3.4-4.5 billion in 2015-2017, versus the first estimate of SEK 3-4 billion. Ericsson said around half the savings will reduce operating expenses and the other half will impact cost of sales.
Tags: small
market
growth
ericsson
Vodafone returns to growth in EBITDA, service revenue in H1
2015-11-10 08:33:00| Telecompaper Headlines
(Telecompaper) Vodafone reported a return to organic EBITDA growth in the first half and said it expects to reach the high end of its annual organic EBITDA outlook. EBITDA increased 1.9 percent on an organic basis to GBP 5.786 billion in the fiscal first half to September, and revenues rose 2.8 percent to GBP 20.266 billion. Organic service revenue was up 1.0 percent year-on-year to GBP 18.430 billion, as growth of 6.4 percent in Africa, Asia and the Middle East offset a 1.3 percent fall in Europe. Reported EBITDA was still down 1.7 percent, and revenues fell 2.3 percent, hurt by currency effects. Vodafone said it will switch to reporting in euros from 2017 in order to limit the forex effect. Vodafone posted a net loss for the first half of GBP 1.584 billion, versus a profit of GBP 5.501 billion a year ago, due to a provision for deferred tax after revaluation of assets held in Luxembourg. Its free cash flow moved to a negative GBP 541 million in the first half, due to increased capital spending under its Project Spring, but the company still expects positive cash flow over the full year. Vodafone increased its interim dividend by 2.2 percent to 3.68 pence per share.
Tags: in
service
returns
growth
Beyond Meat eyes "strategic growth" with exec appointments
2015-11-10 06:07:52| Beverages - Topix.net
Beyond Meat has named Honest Tea founder and CEO Seth Goldman as chairman, while former McDonald's CEO Don Thompson has joined the plant-based protein company's board. Goldman, who already served on the Beyond Meat board, founded Honest Tea, which is now owned by Coca Cola Co., in 1998.
Tags: eyes
growth
strategic
meat
Dow Jones Industrial Average Slumps 179 Points as China Growth Concerns Reemerge
2015-11-10 01:51:23| Industrial Machines - Topix.net
For Nov. 9, 2015, here's the top stock market news and stocks to watch based on today's market moves The Dow Jones Industrial Average today fell 179 points, while the Nasdaq and S&P 500 were both off roughly 1% as well. The Dow officially ticked back down into negative territory for the year as new fears about an economic slowdown in China hit investors at the onset of the holiday shopping season.
Tags: china
average
points
industrial
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