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Canadas Crescent Point Forecasts Lower Output, Capex for 2021

2020-12-04 17:19:24| OGI

Cuts come as other Canadian companies are restoring shut-in production.

Nokia forecasts lower earnings in 2018 on costs of 5G trials

2018-02-01 07:57:00| Telecompaper Headlines

(Telecompaper) Nokia reported higher fourth-quarter and full-year results for 2017, but said earnings will fall in 2018 due to extra costs for testing the first 5G services. For 2019-2020, the company expects a strong improvement in the network equipment market and said it's committed to growing its dividend, also in 2018.

Tags: lower costs nokia earnings

Tele2 forecasts flat sales, lower EBITDA in 2016

2016-01-28 08:52:00| Telecompaper Headlines

(Telecompaper) Tele2 reported a fall in profits in the fourth quarter, amid costs for restructuring its operations and launching its mobile network in the Netherlands. In the three months to December, EBITDA fell 5 percent to SEK 1.337 billion, hurt by the contracting fixed telephony business, start-up costs in the Netherlands and currency devaluation in Kazakhtelecom. EBIT dropped to SEK 364 million from SEK 735 million a year earlier, due to a number of one-time charges. These include SEK 133 million for the 'Challenger' cost-reduction programme announced last year and SEK 118 million for the planned merger of the operations in Kazakhstan with Kazakhtelecom's mobile business. Tele2's net profit plunged 91 percent to SEK 45 million, but the company stuck to its pledge to increase the dividend 10 percent to SEK 5.35. At the top line, net sales rose 1 percent to SEK 6.943 billion, led by 2 percent growth in mobile service revenue and helped by a VAT settlement in the Netherlands. For 2016, Tele2 forecast mobile service revenue growth in the mid-single digits and total net revenue of SEK 26-27 billion, essentially flat compared to SEK 26.856 billion last year. EBITDA is expected to fall to SEK 4.6-5.0 billion in 2016 from SEK 5.757 billion in 2015.

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