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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.
Tags: sales
lower
flat
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Tele2 forecasts flat 2016 revenue, lower earnings
2016-01-28 01:00:00| Total Telecom industry news
Sweden-based telco names new finance chief, CEOs of Swedish, Dutch operations.
Tags: lower
flat
revenue
earnings
Hawaii Seeking Cleaner, Lower Cost Fuel Alternatives
2016-01-27 08:52:00| Waste Age
Hawaii Gas is looking to purchase renewable natural gas as part of its fuel diversification strategy. read more
Tags: cost
lower
seeking
hawaii
Lower Price Forecasts for Oil, Gas Lead to Impairments in EBIT of BASF Group in 2015
2016-01-27 06:00:00| Coatings World Breaking News
NV Energy proposes keeping lower rates for solar customers
2016-01-26 03:02:13| Electronics - Topix.net
NV Energy will propose allowing customers who already have solar panels or applied for them before the new year to keep more favorable rates for up to two decades, the company said in a statement as blowback over a recent rate hike continues. The company announced its plan Monday, just after regulators at the Nevada Public Utilities Commission voted to further discuss the possibility of "grandfathering" existing customers into lower rates.
Tags: rates
lower
energy
customers
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