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Nissan cuts profit outlook as recalls add to costs
2013-11-01 09:12:51| Automakers - Topix.net
Nissan Motor Co., Japan's second-biggest automaker, cut its earnings forecast Friday to reflect tougher than expected conditions in many markets and expensive recalls.
Tags: add
costs
profit
outlook
Telenor cuts FY revenue outlook as growth slows in Q3
2013-10-31 08:59:00| Telecompaper Headlines
(Telecompaper) Telenor has cut its sales growth outlook for the year, after growth slowed to 1 percent in the third quarter. It now expects annual organic revenue growth of 1-2 percent, down from an earlier outlook of 2-4 percent. Revenues were weaker-than-expected in its home market Norway, and restructuring is needed in Denmark, Telenor said. Revenues were also impacted its decision to scale back operations in India. The company maintained its EBITDA margin target of 34 percent in 2013, after a result of 37.1 percent in Q3. Total revenues reached NOK 25.95 billion in Q3, up from NOK 25.25 billion a year earlier, and EBITDA rose to NOK 9.62 billion from NOK 8.82 billion. The net profit increased to NOK 3.92 billion from NOK 3.65 billion, helped by a stronger contribution from the company's stake in Vimpelcom. Capex increased slightly to NOK 5.59 billion, and operating cash flow was also higher, at NOK 5.89 billion. Telenor said full-year capex will be at the high end of its earlier forecast, at 13-14 percent of revenue excluding licence and spectrum costs.
Tags: in
growth
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Sony cuts outlook for full year after Q2 loss widens
2013-10-31 01:00:00| Total Telecom industry news
Japanese electronics maker says smartphone sales strong in quarter, results hit by weakness at movie business.
Tele2 cuts outlook as mobile growth proves more difficult
2013-10-22 08:56:00| Telecompaper Headlines
(Telecompaper) Tele2 has cut its long-term outlook, citing an acceleration in market trends towards unlimited pricing and IP data services in the past six months. The company said these trends are positive in the long term, but will lead to higher costs and increased price pressure in the near term, leading to a downgrade in its targets for the period to 2015. The operator now targets revenue of SEK 32.5-33.5 billion in 2015, versus an earlier goal of at least SEK 35.6 billion, and cut the EBITDA forecast to SEK 6.7-7.3 billion from at least SEK 8.3 billion previously. As a result of the sale of Tele2 Russia and reduced guidance, the dividend for this year will fall to SEK 4.40 from SEK 7.10 in 2012. Tele2 said it will maintain its 'challenger' strategy and focus on the growth markets of Sweden, the Netherlands, Norway and Kazakhstan. In the third quarter, Tele2 showed solid customer growth in the Swedish and Dutch mobile markets, but Kazakhstan moved to negative growth on a change in dealer commissions to improve profitability. Total revenues in Q3 were down 2 percent from a year earlier to SEK 7.529 billion, hurt by the slowdown in mobile, increased competition in fixed broadband and a continued loss of fixed telephony subscribers. EBITDA fell 14 percent to SEK 1.523 billion. The net result was a loss of SEK 194 million versus a profit of SEK 283 million a year ago, due to an increase in tax and an impairment charge of SEK 454 million on the Croatian operations. Capex increased to SEK 954 million on mobile network expansion in key markets, and cash flow was less than a third the year-earlier amount, at SEK 495 million.
Tags: mobile
difficult
growth
outlook
Kabel Deutschland cuts FY sales growth outlook on slow Q1
2013-10-10 11:21:00| Telecompaper Headlines
(Telecompaper) German cable network operator Kabel Deutschland has released selected preliminary figures for its second quarter ending 30 September. The Internet & Phone business added 84,000 net subscribers in Q2, representing the strongest Q2 in recent years. Premium TV recovered after a soft Q1 following measures to stimulate demand and sales, adding 55,000 RGUs in the quarter. Premium TV performance in Q2 was affected by the churn of around 15,000 remaining Kabel BW pay-TV wholesale customers. Following a slowdown in Q1, revenue returned to growth in Q2 with a EUR 7 million quarter-on-quarter increase. Total revenues for Q2 reached EUR 471 million, up 4 percent from a year earlier, driven by the recovery in Premium TV and strong trends in the Internet & Phone business. However, given the shortfall in Q1 and based on a six-month review, it is now unlikely that revenue growth can be caught up for the full fiscal year. As a result, the management now expects revenue growth of 5-6 percent for the full year to end-March 2014, down from around 8 percent forecast previously.
Tags: sales
deutschland
growth
slow
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