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Swisscom raises revenue outlook, sees new CEO by year-end
2013-08-07 09:25:00| Telecompaper Headlines
(Telecompaper) Swisscom reported a small drop in first-half results, but raised its full-year revenue outlook thanks to recent acquisitions. Sales for the first six months of the year dropped 0.4 percent to CHF 5.6 billion, and EBITDA fell 5.5 percent to CHF 2.1 billion. The company blamed the drop on general price erosion in the Swiss market and lower roaming revenue, while growth in customer numbers also increased costs. Net income fell by 9.7 percent to CHF 819 million. Capex was down 0.4 percent in the first half to CHF 1.0 billion, but the company still expects a higher result for the full year. Revenues for 2013 are now estimated at over CHF 11.4 billion, up from an earlier outlook of CHF 11.3 billion, following the acquisitions of Entris and Cinetrade in H1, which are expected to add about CHF 150 million this year. Swisscom maintained its EBITDA outlook, for at least CHF 4.25 billion in 2013, and capex is forecast at CHF 2.4 billion. The company also announced that it expects to appoint a new CEO before year-end, and Christian Petit has been named the new head of Swisscom Switzerland from 1 September.
Tags: revenue
ceo
outlook
sees
Global apparel industry sees bright prospects this year
2013-08-06 17:36:10| Apparel - Topix.net
Although, the economic crisis in the traditional export markets such as the EU and the US coupled with the recent issues in Bangladesh, which is one of the largest garment supplier in the world, has affected the global apparel industry, the apparel manufacturers and retailers are expecting bright prospects this year as compared to last year.
Tags: year
global
industry
apparel
State-approved Gerald R. Ford airport de-icing plan sees support from longtime Trout Creek resident
2013-08-04 12:20:30| Waste Management - Topix.net
Penny Burns has been petitioning the state Department of Environmental Quality to do something about airport de-icing fluid being dumped directly into Trout Creek, a tributary of the Thornapple River, each year since the 1990s.
Tags: support
plan
ford
airport
ON Semiconductor sees big profit gain while revenue declines
2013-08-03 02:37:17| Semiconductors - Topix.net
ON Semiconductor Corp.'s revenue for the second fiscal quarter was down $56.5 million from a year earlier, but its net income was nearly six times greater than in second-quarter 2012.
INDIA: United Spirits sees 19% slide in Q1 profits
2013-08-02 14:32:00| Daily beverage news and comment - from just-drinks.com
United Spirits has blamed a "sharp" rise in raw material costs after reporting a double-digit drop in first-quarter net profits.
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