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Takata steeply cuts profit outlook

2015-11-06 11:23:07| BBC News | Business | UK Edition

Japanese firm Takata cuts its full-year profit outlook by 75% after big carmakers begin to drop its air bag inflators.

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BASF cuts 2015 outlook

2015-10-27 13:38:58| Chemicals - Topix.net

German chemical giant BASF SE on Tuesday cut its outlook for 2015, citing weak global economic growth, low oil prices and a recent asset swap with Russia's OAO Gazprom. The world's largest chemical company now expects a "slight decrease" in sales and earnings before interest and taxes before special items this year.

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Tele2 cuts EBITDA outlook on Dutch expansion plans

2015-10-21 08:37:00| Telecompaper Headlines

(Telecompaper) Tele2 has trimmed its EBITDA outlook for 2015 as it accelerates the launch of its own mobile network in the Netherlands. Tele2 started migrating its own customers to the new network earlier this year and the company said it will now open the services to anyone, as network roll-out progressed faster than expected. This will lead to higher costs in Q4 and lower annual EBITDA of SEK 5.6-5.8 billion, compared to an earlier target fo SEK 5.8-6.0 billion. Tele2 still expects group revenues of SEK 25.5-26.5 billion in 2015 and mid single-digit growth in mobile service revenues. In the third quarter, mobile service revenue was up 5 percent, helping to offset a drop in fixed telephony and broadband revenue. Total sales rose to SEK 6.791 billion from SEK 6.584 billion a year ago. EBITDA already started to feel the impact of the spending in the Netherlands as well as the weaker fixed operations and fell to SEK 1.599 billion from SEK 1.682 billion. The margin dropped to 24 percent from 26 a year ago. Net profit nearly halved to SEK 397 million from SEK 726 million, hurt by an impairment on goodwill in Estonia of SEK 197 million, restructuring costs and a revaluation of the put option in Kazakhstan on currency fluctuations. 

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TeliaSonera cuts full-year profit outlook as Q3 sales inch up

2015-10-20 02:00:00| Total Telecom industry news

Swedish telco again defends its financial reporting in wake of Muddy Waters criticism.

Tags: up sales profit inch

 

Hugo Boss cuts outlook as Asia troubles hit Q3 sales

2015-10-16 12:23:00| Daily apparel & textile news and comment - from just-style.com

German fashion house Hugo Boss has become the latest retailer to cut its full-year outlook due to market troubles in Asia, after weaker than expected trading in the third quarter. 

Tags: sales hit asia outlook

 

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