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Belgacom to boost investment, trim dividend
2014-02-28 10:16:00| Telecompaper Headlines
(Telecompaper) Belgacom reported fourth-quarter revenues down 3.8 percent from a year earlier to EUR 1.582 billion. EBITDA fell 6.3 percent to EUR 398 million, while net profit came in at EUR 148 million, Over the full year, revenues fell 2.2 percent and EBITDA was down 4.9 percent, hurt by regulatory price cuts and competitive pressures. The Belgian operator increased capex 29 percent to EUR 972 million in 2013, due mainly to EUR 120 million for its 800 MHz licence. Spending included expanding the 4G network to over 50 percent coverage by year-end and preparing the fixed network for the roll-out of vectoring this year. Operating cash flow was down 11 percent over the year to EUR 1.319 billion. Belgacom will pay a dividend of EUR 2.18 for 2013, but said it plans a more modest pay-put of EUR 1.50 per share over the next three years. The operator expects the mobile market to stabilise in the course of this year, as the regulatory impact diminishes and new products win customers. Overall, core group revenues are expected to fall 1-2 percent in 2014. Group EBITDA is forecast down 3-4 percent, including EUR 20 million in extra spending to strengthen its commercial offer, offset by an accounting change on capitalisation of customer connections. Capex this year is estimated at EUR 900 million, including further spending on 4G, vectoring and IT simplification.
Tags: investment
boost
trim
dividend
Big companies step up efforts to trim environmental risks in supply chains
2014-02-08 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Multinational corporations say they are increasingly taking on a regulatory role in their supply chains to improve performance on environment, health and safety (EHS) issues, especially in developing countries where government oversight can be weak. Although EHS regulations are strong in some developing countries, including China, they can be difficult to enforce, as governments struggle to keep up with growth in manufacturing. Multinational corporations have traditionally conducted facility...
Tags: big
companies
step
supply
Magna forms joint venture with Chinese firm Chongquing Trim Co.
2014-02-05 16:54:00| Canadian Plastics Headlines
Magna International Inc., through its Magna Exteriors operating unit, has struck a 50/50 joint-venture partnership with auto parts maker Chongquing Guangneng Rongneng Trim Co. Ltd.
Tags: firm
chinese
forms
joint
EU expected to trim environment ambitions
2014-01-22 12:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Financial Times: The EU is expected on Wednesday to take a step back from the ambitious environmental policies that have made it a global green leader when it announces a new package of climate and energy targets for 2030. The new goals will replace existing 2020 targets requiring member states to cut greenhouse gas emissions by 20 per cent from 1990 levels, and generate 20 per cent of their energy from renewable sources such as wind farms and solar plants. Brussels made both these targets mandatory when they were...
Tags: environment
expected
trim
ambitions
Grabber® Named Exclusive North American Distributor of NO-COAT® Corner Trim ...
2014-01-10 06:00:00| Industrial Newsroom - All News for Today
NO-COAT® Product Line Includes Ultratrim, Ultraflex, and Ultra Arch<br /> <br /> Highland, UT– Grabber® Construction Products, an international distributor of professional-grade fasteners and construction products, is the exclusive distributor of NO-COAT® corner trim products worldwide. NO-COAT® products are manufactured exclusively for Grabber® by Structus Technologies at Structus's plant in Bend, Oregon.<br /> <br /> NO-COAT® is a revolutionary complete drywall corner system for all ...This story is related to the following:Plastic Trim | Trim Handling Systems |
Tags: north
american
corner
exclusive
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