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Tag: organic sales
Telefonica returns to organic sales growth of 0.5% in Q2
2013-07-25 08:55:00| Telecompaper Headlines
(Telecompaper) Telefonica reported a return to organic revenue growth in the second quarter, while reported results continued lower following a range of divestments. Organic revenue was up 0.5 percent year-on-year, led by the Latin America, where growth accelerated to 10.4 percent. Telefonica's European activities also limited the revenue decline to 8.8 percent year-on-year. OIBDA was still down 0.7 percent on an organic basis, despite a range of cost reductions. On a reported basis, revenues fell 6.8 percent to EUR 14.42 billion, OIBDA declined 9.3 percent to EUR 4.85 billion, and the margin dropped 0.9 percent points from a year earlier to 33.7 percent. Net profit fell 13.1 percent to EUR 1.15 billion. Telefonica finished the quarter with EUR 49.79 billion in net debt, equal to 2.40 times OIBDA. If later disposals are included, such as O2 Ireland, Inversis and 40 percent of the Central America activities, net debt would have been reduced by a further EUR 1.18 billion or 2.36 times OIBDA. The company reiterated its target for debt below EUR 47 billion by year-end and capex around 14 percent of sales this year. In the first half, Telefonica invested EUR 3.90 billion in capex, up 6.7 percent from a year earlier, while operating cash flow fell 18.5 percent to EUR 5.52 billion. The Spanish operator also still expects an increase in full-year organic sales and a small decline in the OIBDa margin this year. |
Tags: sales
returns
growth
organic
Telenor organic sales growth improves to 2% in Q2
2013-07-23 09:52:00| Telecompaper Headlines
(Telecompaper) Telenor has maintained its outlook and announced a share buyback, after reporting improved organic sales growth and margins in the second quarter. After flat sales in Q1 on an organic basis, growth improved to 2 percent in Q2, allowing the operator to maintain its guidance for 2-4 percent organic revenue growth this year. Sales totaled NOK 25.75 billion, and adjusted EBITDA improved to NOK 8.86 billion from NOK 8.06 billion a year earlier, helped by reduced losses in India and growth in Thailand, Sweden and Norway. The EBITDA margin rose to 34.4 percent from 31.8 percent, and Telenor expects a result around 34 percent for the full year. Telenor's net profit jumped to NOK 3.25 billion from NOK 2.07 billion a year ago, thanks to improved results from its stake in Vimpelcom. Telenor increased capex to NOK 3.48 billion from NOK 2.96 billion, while operating cash flow was also higher, at NOK 5.37 billion versus NOK 5.1.6 billion a year ago. The company will buy back up to 1 percent of its outstanding shares under the new buyback programme running until its AGM next year. The group maintained its guidance for annual capex at 12-14 percent of revenues this year, excluding licence and spectrum costs.
Tags: sales
growth
organic
improves
TeliaSonera posts small rise in organic sales, profit lower
2013-07-17 08:59:00| Telecompaper Headlines
(Telecompaper) TeliaSonera reported a small drop in profits for the second quarter, but returned to organic revenue growth. Net sales in local currencies, excluding acquisitions and disposals, increased 0.4 percent, and EBITDA on an organic basis was up 3.3 percent. In reported currency, sales decreased 3.9 percent to SEK 25.274 billion, and EBITDA was down 1.2 percent to SEK 8.928 billion. The EBITDA margin improved to 35.3 percent from 34.4 a year ago thanks to cost reductions. Net income fell 16.9 percent to SEK 4.031 billion, while free cash flow rose to SEK 4.462 billion from SEK 3.062 billion. TeliaSonera reiterated its full-year outlook, for flat sales on an organic basis, an EBITDA margin slightly higher than last year's 34.5 percent and capex at 14 percent of sales. The latter is expected to accelerate in the second half of the year, after 11.9 percent in H1, and TeliaSonera said it will continue to invest in 4G and mobile coverage as well as target fibre acquisitions to meet strong demand in Sweden for the faster services. The effects of the cost savings programme announced at the end of last year will also be visible in the second half, with much of the job cuts already completed. In total the operator targets EUR 2 billion in cost reductions by the end of 2014.
United Kingdom: Organic sales slip again amid economic gloom
2013-03-20 10:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Sales of organic products in the UK have fallen by 1.5% over the past year, continuing their downward slide in the face of ongoing tough economic conditions. Supermarkets are blamed in a new report for cutting back their ranges and shelf space, leading to a 2.4% slump in organic sales across the multiple retailers. But at the same time a "Jamie [Oliver] generation" of ethically aware shoppers aged under-35 is driving growth through other outlets, accounting for 16% of all sales, and significantly...
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united kingdom