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Telefonica revenue growth improves in Q2

2015-07-30 09:46:00| Telecompaper Headlines

(Telecompaper) Telefonica reported second-quarter revenues up 12.4 percent to EUR 11.876 billion, driven by takeovers such as E-Plus in Germany, GVT in Brazil and DTS in Spain, as well as improving sales trends in its home market Spain. OIBDA rose 6.8 percent to EUR 3.702 billion, while the margin fell to 31.2 percent from 32.8 percent a year ago due to the consolidation of GVT and DTS. On an organic basis, excluding currency effects, revenues rose 4.4 percent and OIBDA was up 3.3 percent. Net profit jumped 70.4 percent to EUR 1.891 billion, after O2 UK was classified as discontinued activities ahead of the planned sale to Hutchison Whampoa. Telefonica adjusted its full-year outlook to take account of the acquisitions and now expects revenue growth of 9.5 percent of higher versus over 7 percent growth previously. The OIBDA margin is now expected to fall by around 1.2 percent points, versus an earlier estimate of 1 point, due to the lower margins at DTS and GVT. The company still expects capital expenditure at around 17 percent of revenues, after a figure of xx percent in the first half of the year, and net debt is expected to fall to less than 2.35 times EBITDA after the sale of O2 UK. At the end of June, net debt was at 2.92x, or 2.38 if the expected proceeds from O2 are included. 

Tags: growth revenue improves q2

 

Nokia Q2 profit at $383 million on strong networks growth

2015-07-30 09:32:28| Wireless - Topix.net

" Telecommunications and wireless equipment maker Nokia Corp. says second-quarter net profit was 347 million euros , with growth particularly strong in its core networks division. Overall sales increased 9 percent to 3.2 billion euros, with higher software sales and global demand for mobile broadband.

Tags: strong million growth networks

 
 

Nokia Q2 profit at $383 million on strong networks growth

2015-07-30 09:11:27| Telecom - Topix.net

Telecommunications and wireless equipment maker Nokia Corp. says second-quarter net profit was a 347 million euros , with growth particularly strong in its core networks division. Overall sales increased 9 percent to 3.2 billion euros, with higher software sales and global demand for mobile broadband.

Tags: strong million growth networks

 

Samsung Q2 profits fall as smartphone growth slows

2015-07-30 08:49:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics reported second-quarter net profit down to KRW 5.75 trillion from KRW 6.25 trillion a year ago, hurt by weaker results in consumer electronics and mobile phones. Revenues fell to KRW 48.54 trillion from KRW 52.35 trillion a year ago, and operating profit dropped to KRW 6.90 trillion from KRW 7.19 trillion. At the mobile division, revenues of KRW 26.06 trillion were up 1 percent from the first quarter but fell compared to KRW 28.45 trillion in the year-earlier period. Operating profit at the division nearly halved year-on-year, to KRW 2.76 trillion from KRW 4.42 trillion. Samsung said the sequential improvement in results was thanks to the launch of the Galaxy S6 smartphone, which helped increase the average selling price. However, smartphone shipments were still down compared to the previous quarter, as the S6 could not offset slower sales in the low-end and mid-range markets. Samsung said it expects growth in the smartphone market to slow in the second half of the year, with only a small sequential increase in sales in Q3. It plans to focus on the high end of the market, with strategic pricing of the S6 and launching more large-screen models. This should help grow smartphone shipments from Q3 while tablet sales are expected to remain flat. 

Tags: fall growth samsung profits

 

Cranswick Exports to Far East Continue Growth

2015-07-30 02:00:00| ThePigSite - Industry News

UK - Cranswick's exports to Far Eastern markets is continuing to grow, according to the the company's first quarter trading statement.

Tags: continue east growth exports

 

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