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KPN improves margin on lower sales, maintains FY outlook

2019-10-25 08:28:00| Telecompaper Headlines

(Telecompaper) Dutch operator KPN reported revenues down 1.8 percent to EUR 1.37 billion in Q3, while adjusted EBITDA improved 2.9 percent to EUR 599 million thanks to ongoing cost-cutting. The company showed growth in consumer multi-plays and some parts of the business segment, as well as in wholesale, while this was offset by lower revenues in legacy services, hardware and mobile services. Excluding one-time items, the net profit rose 32 percent to EUR 314 million.

Tags: sales lower outlook margin

Slaughter cow volume causes backload at plants, prices lower

2019-10-24 21:10:00| Beef

It's to be expected this time of the year, but more slaughter cows came to town and prices reacted by moving lower.

Tags: prices volume lower plants

Telia cancels share buyback as service revenue continues lower

2019-10-17 09:17:00| Telecompaper Headlines

(Telecompaper) Telia has decided to cancel its share buyback programme, in order to save cash for investments and a possible economic downturn. While the group's third-quarter results showed a small improvement compared to the first half, acting CEO and former CFO Christian Luiga said service revenue was improving slower than expected and the outlook for operating cash flow in 2020 was less certain.

Tags: service share lower continues