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Tag: ebitda
KPN Q1 sales down 8%, EBITDA falls 22%
2014-04-25 08:37:00| Telecompaper Headlines
(Telecompaper) KPN announced first-quarter revenues down 8 percent to EUR 2.00 billion, hurt by price pressure and competition, especially on the mobile and business markets. EBITDA fell 22 percent from a year earlier to EUR 624 million, and net profit dropped 98 percent to EUR 3 million. Free cash flow at the Dutch operator was a negative EUR 292 million. KPN said it still expects results to stabilise towards the end of this year and maintained its full-year outlook. Capex is expected to be less than EUR 1.4 billion this year and below EUR 1.5 billion in 2015, including Reggefiber. Free cash flow should also grow from next year. The company is also confident it will complete the sale of E-Plus to Telefonica Deutschland, which should allow it to restore dividend payments.
Colt warns for weaker EBITDA, to exit wholesale voice
2014-04-22 09:22:00| Telecompaper Headlines
(Telecompaper) European carrier Colt warned for weaker-than-expected EBITDA this year, due to product mix changes, customer churn and pricing pressure in bandwidth products. The company expects 2014 EBITDA (before restructuring charges) to be 5-10 percent lower than the current market consensus of EUR 325 million. In addition, Colt will book restructuring charges in the second half of around EUR 30 million for a planned exit of much of its wholesale voice business. The operator plans to end around 85 percent of its Carrier voice trading contracts over the next few months. The capacity of around 5 billion minutes per year freed up on its voice network will be dedicated to expanding the more profitable enterprise voice business. The decision will result in the loss of around EUR 175 million in annual revenue, around half of which will be felt in 2014 already. However, the exit of the wholesale business should lead to better profit margins over the next few years and have an "immaterial" impact on EBITDA this year, Colt said. For the first quarter, the operator reported revenues up 2.0 percent year-on-year to EUR 399.8 million, helped by forex effects and expansion in managed and colocation services. EBITDA was still down 8.0 percent to EUR 74.1 million, hurt by pressure on margins from regulatory price cuts and a shift from profitable bandwidth services to lower margin managed networking services. Colt said it expects the pressure on margins to continue through the year.
Tags: voice
exit
wholesale
weaker
T-Mobile US forecasts return to EBITDA growth in 2014
2014-02-25 13:38:00| Telecompaper Headlines
(Telecompaper) T-Mobile US reported a strong increase in customer numbers and smartphone sales for the fourth quarter, but underlying service revenues were still lower year-on-year due to its challenger pricing strategy. The mobile operator added a net 1.6 million new customers in the three months and 4.4 million over the full year 2013, taking its base to 46.7 million at year-end. Quarterly service revenues, pro forma for its takeover of MetroPCS, were down 1.1 percent from a year ago to USD 5.17 billion, but the annual dropped improved from a 4.6 percent fall in Q3. Adjusted EBITDA declined to USD 1.24 billion from USD 1.36 billion a year earlier, hurt by the higher smartphone sales and promotions for new offers. Over the full year, the company met its guidance for adjusted EBITDA at USD 5.3 billion, and T-Mobile said it expects this to improve to USD 5.7-6.0 billion in 2014, helped by higher-than-expected synergies from the MetroPCS integration. Capital expenditure is expected to increase slightly to USD 4.3-4.6 billion this year from USD 4.2 billion in 2013.
Tags: return
growth
forecasts
ebitda
Verizon targets 4% revenue growth, higher EBITDA in 2014
2014-02-25 08:39:00| Telecompaper Headlines
(Telecompaper) Verizon has updated its guidance after completing its takeover of the rest of Verizon Wireless from Vodafone. As previously announced, the takeover is expected to add 10 percent to earnings per share. Verizon added a forecast for 4 percent revenue growth in 2014, compared with 4.1 percent growth in 2013. The US operator also expects growth in its adjusted EBITDA margin this year, compared to 34.9 percent last year, driven by improvements at both wireless and wireline. In addition, the company expects to deliver continued strong cash flow to fund network investments, reduce debt and support dividends. The takeover is expected to allow Verizon to introduce more converged fixed-mobile products to customers. A recently formed Product Development and Management organization will leverage all of Verizon's assets to develop innovative products quickly across the company's wireless, wireline, IP and cloud networks and platforms, the company said. Marni Walden, the former chief operating officer of Verizon Wireless, will lead the new organization.
Tags: higher
growth
revenue
targets
Telenor organic sales up 1% in Q4, EBITDA margin improves
2014-02-12 09:00:00| Telecompaper Headlines
(Telecompaper) Telenor met its outlook for around 1 percent growth in organic sales last year and said it expects to grow in the low single digits in 2014. The operator also posted 1 percent organic sales growth in Q4. Reported revenues rose to NOK 27.61 billion from NOK 25.99 billion a year ago, and adjusted EBITDA increased to NOK 8.99 billion from NOK 8.20 billion. With an EBITDA margin of 32.6 percent in Q4 and 34.5 percent over the full year, Telenor met its annual target. The company expects a stable margin in 2014, excluding the costs of launching its new operation in Myanmar. Telenor's net profit was down slightly in the quarter, to NOK 2.43 billion from NOK 2.51 billion a year ago, but profit increased strongly over the full year, leading to a 17 percent increase in the dividend to NOK 7.0 per share. The operator increased capital expenditure last year to NOK 14.66 billion excluding spectrum licences, from NOK 12.30 billion in 2012. In 2014, capex is expected to increase to around 16 percent of revenue, from 14.1 percent in 2013. Despite the higher equipment spending last year, Telenor spent less on acquiring new spectrum, leading to an increase in operating cash flow to NOK 21.23 billion from NOK 20.55 billion in 2013.
Tags: sales
organic
margin
improves
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