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Tag: revenue
Deutsche Telekom revenue up 8% in Q1 on US growth
2014-05-08 08:21:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom reported first-quarter revenue up 8.0 percent year-on-year to EUR 14.9 billion, thanks to strong subscriber growth at T-Mobile US. Adjusted for currency effects and acquisitions, organic revenue growth was 4.2 percent. The growth in the US helped offset a 1.5 percent drop in sales in Germany and 6.5 percent lower revenues in the rest of Europe. The extra costs for growing the US business led to a 3.9 percent fall in adjusted EBITDA to EUR 4.1 billion. Net profit however more than tripled to EUR 1.8 billion, due to a gain on the sale of Scout24. Excluding the sale, net profit was down 23.5 percent to EUR 587 million. The operator's capex was down slightly to EUR 2.1 billion, and free cash flow declined 5.3 percent from a year earlier to EUR 983 million. Net debt was reduced by more than EUR 1 billion compared with the end of 2013 to EUR 38.0 billion. Deutsche Telekom reiterated its guidance for the full year 2014, for adjusted EBITDA around EUR 17.6 billion and free cash flow of EUR 4.2 billion.
Tags: us
growth
deutsche
revenue
Telekom Austria Q1 revenue down 7%, EBITDA falls 5%
2014-05-08 08:11:00| Telecompaper Headlines
(Telecompaper) Telekom Austria reported first-quarter revenue down 7.0 percent year-on-year to EUR 975.9 million, hurt by regulation, competition in its home market and currency inflation in Belarus. The mobile customer base fell 1.1 percent over the year to 19.99 million at the end of March. EBITDA was down 5.0 percent to EUR 319.9 million, and net profit was down 26.5 percent to EUR 40.8 million. Capital expenditure was reduced by a third compared to a year ago to EUR 99.4 million, while operating cash flow dropped 22.4 percent to EUR 144.8 million. Net debt was still at 2.0x EBITDA, equal to EUR 3.671 billion. In Q1, TA spent EUR 94.5 million renewing spectrum in Bulgaria and acquiring frequency rights in Slovenia. The operator maintained its outlook for an around 3 percent drop in annual revenues this year, capex of around EUR 700 million (excl spectrum) and a dividend of 5 cents a share. The company targets around EUR 100 million in opex and capex savings this year in order to offset the continued pressure on revenue. Telekom Austria added that the Croatian market remains challenging, and the operator is also facing there a significant increase in spectrum fees.
Tags: austria
falls
revenue
telekom
UPS May Follow FedEx Pricing Changes for Revenue Gain
2014-05-07 23:58:57| Trucking - Topix.net
United Parcel Service Inc. may find new pricing rules adopted by its rival FedEx Corp. too tempting to pass up.
Clean Harbors Posts Lower Income, Revenue in First Quarter
2014-05-07 17:40:00| Waste Age
Solid and hazardous waste management firm Clean Harbors Inc. reported lower net earnings and revenue for its 2014 first quarter, as the company was hurt by the severe winter weather. read more
Tags: posts
lower
income
clean
UPDATE 1-Cognizant's profit beats estimates as Europe revenue rises
2014-05-07 16:57:24| IT Services - Topix.net
Technology outsourcing company Cognizant Technology Solutions Corp reported a better-than-expected profit for the first quarter as customers in Europe raised their IT spending.
Tags: update
europe
profit
estimates
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