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Home › underlying

 

Tag: underlying

Ericsson improves underlying margins in Q2, sales up 11%

2015-07-17 08:50:00| Telecompaper Headlines

(Telecompaper) Ericsson reported a strong increase in second-quarter results, helped by currency effects and a pick-up in its main Networks business. Sales increased by 11 percent year-on-year to SEK 60.7 billion. Adjusted for comparable units and currency rates, sales decreased by 6 percent, mainly due to less capacity business in North America. The mobile broadband business in North America stabilized in the quarter, but remained at a lower level than a year ago. The annual decline in North America was partly offset by an increased pace of 4G deployments in China, and sales growth was strong in the Middle East, India and South East Asia. Ericsson also reported strong demand in all regions for professional services, and favourable developments in its OSS and BSS business. Operating profit, excluding restructuring charges, jumped by almost 50 percent from a year ago to SEK 6.3 billion. After the weak first quarter, profitability at the Networks division recovered recovered, driven by increased sales and a positive currency hedge effect. Including SEK 2.7 billion in restructuring charges, mainly for job cuts in Sweden, operating profit fell 11 percent to SEK 3.6 billion, and net profit was down 20 percent to SEK 2.1 billion. Ericsson said it remains on track to achieve SEK 9 billion in cost savings in 2017 compared to 2014. It expects the savings to start showing up in results later this year. The consolidation in the industry continues, both among vendors and customers, creating opportunities and challenges. Therefore we have, during the first half of 2015, accelerated our transformation journey towards becoming a true ICT company. With our ongoing strategic initiatives we are well positioned to continue to create value for our customers in a transforming market.

Tags: up sales underlying ericsson

Homelessness: A symptom of underlying problems - Tuesday, 02 June 2015 01:00

2015-06-02 19:06:55| Railroads - Topix.net

Tucked away behind a cluster of trees along Interstate 84 near Troutdale is another world the average local citizen or traveler likely never sees or thinks about. Punctuated only by a faint rumble from the Union Pacific Railroad tracks, many folks with no address of their own make their home within the forest.

Tags: june problems tuesday underlying

TeliaSonera underlying service revenues down 1.1% in Q1

2015-04-21 09:02:00| Telecompaper Headlines

(Telecompaper) TeliaSonera reported first-quarter revenues up 8.8 percent to SEK 26.04 billion. The growth was largely due to currency effects and equipment sales, as service revenues in local currencies, excluding acquisitions and disposals, decreased 1.1 percent. Adjusted EBITDA rose 2.3 percent to SEK 8.54 billion, but fell 4.3 percent in local currencies. The EBITDA margin, excluding non-recurring items, decreased to 32.8 percent from 34.9 a year ago. Net profit fell 5.9 percent to SEK 3.71 billion. Free cash flow increased to SEK 2.85 billion from SEK 2.56 billion a year earlier despite higher cash capital expenditure, as the group benefited from lower taxes and working capital changes. Despite the weaker results, TeliaSonera maintained its outlook for 2015 EBITDA unchanged excluding currency and M&A effects. The operator said it expects a gradual improvement in the course of the year and continues to focus on cost control. 

Tags: in service underlying revenues

Illinois Court Finds Duty to Defend Underlying Toxic Tort Claims

2015-02-14 07:29:32| Industrial Machines - Topix.net

In its recent decision in Ill. Tool Works Inc. v. Travelers Cas. & Sur. Co., 2015 IL App 132350 , the Appellate Court of Illinois, First District, had occasion to consider whether an insurer has a duty to defend its insured against a toxic tort complaint that does not set forth when the exposure to the insured's product occurred or when the injury manifested.

Tags: court claims duty illinois

Nokia Q4 revenues up 9%, underlying profit grows 28%

2015-01-29 08:01:00| Telecompaper Headlines

(Telecompaper) Nokia reported fourth-quarter revenues up 9 percent year-on-year to EUR 3.80 billion. Adjusted operating profit rose 28 percent to EUR 524 million, while EPS was still down 58 percent to EUR 0.08. Nokia reported revenue growth across all three divisions. Nokia Networks sales increased 8 percent to EUR 3.4 billion, led by a strong performance in North America, and licensing revenues were up 23 percent to EUR 149 million, thanks to more income from Microsoft for making Nokia phones. HERE achieved 15 percent annual growth in revenues to EUR 292 million, helped by positive trends in the automotive market. Nokia expects the sales growth to continue in 2015 and also raised its outlook for profitability at HERE. The company increased its annual dividend to EUR 0.14 per share from EUR 0.11 in 2013.

Tags: profit nokia underlying revenues

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