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Telenor sees growth slowing, margin pressure in 2015

2016-02-10 08:43:00| Telecompaper Headlines

(Telecompaper) Telenor expects its growth to slow and margins to come under pressure in 2016, amid fierce competition and headwinds in key markets like Thailand and Malaysia. After reporting 4.7 percent organic revenue growth in 2015, the company expects the growth rate to slow to 2-4 percent this year, while the EBITDA margin will drop to 33-34 percent from 34.5 in 2015. The company said it will continue to invest in the roll-out of mobile and fixed broadband networks, maintaining capital expenditure at a high 17-19 percent of sales this year versus 18.4 percent in 2015. The outlook is in line with a slowdown in the fourth quarter, with organic revenue growth of 2.3 percent versus 4.5 percent in Q3. Total revenues rose to NOK 33.5 billion from NOK 30.4 billion a year ago, and adjusted EBITDA increased to NOK 10.9 billion from NOK 9.3 billion. The EBITDA margin was 32.4 percent. The bottom line was a loss of NOK 2.1 billion, after an impairment charge of NOK 2.1 billion on the Danish operations following the failure of the merger with Telia last year. Despite the loss, Telenor increased its dividend to NOK 7.50 per share from NOK 7.30 last year. 

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Marie Brizard sees recovery in Q4 sales, but FY stays flat

2016-02-09 18:17:00| Daily beverage news and comment - from just-drinks.com

Marie Brizard Wine & Spirits has reported growth in its fourth quarter, but a tough Q3 dragged down performance in the full year. 

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Micron sees strong yield, high speeds on GDDR5X, but will anyone use it?

2016-02-09 13:30:24| Extremetech

Micron's GDDR5X is reportedly yielding well and hitting excellent frequencies -- but will that be enough to win it adoption from AMD, Nvidia, or third parties?

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MAC Cosmetics Sees the Future

2016-02-09 06:00:00| Happi Breaking News

Exclusive 'Forward' online collection debuts for Spring 2016.

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Snap-on Incorporated (SNA) Sees Large Volume Increase After Analyst Upgrade

2016-02-09 00:06:10| Appliances - Topix.net

Shares of Snap-on Incorporated saw unusually-high trading volume on Monday after Robert W. Baird raised their price target on the stock from $178.00 to $179.00, MarketBeat Ratings reports. Robert W. Baird currently has an outperform rating on the stock.

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