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Telekom Austria Q1 revenues down 2%, profits improve

2015-04-22 11:01:00| Telecompaper Headlines

(Telecompaper) Telekom Austria reported first-quarter revenues down 2.0 percent year-on-year to EUR 956 million, as an improved performance in Austria and Croatia was offset by weaker results elsewhere. Excluding currency effects, notably in Belarus, revenues were stable, the company said. Comparable EBITDA was up 5.8 percent to EUR 338.5 million, helped by better results in Austria and Belarus as well as a one-time settlement gain of EUR 20 million in Slovenia. Net profit jumped to EUR 93 million from EUR 41 million a year ago. The group maintained its outlook for full-year revenues up around 2 percent, capex of EUR 700-750 million and a dividend of 5 cents a share. In the first quarter, capex rose 21.8 percent to EUR 121 million, and operating cash flow increased 82.8 percent to EUR 272 million. Net debt reduced by 4.3 percent compared to the end of 2014 to EUR 2.58 billion or 2.0 times annual EBITDA. 

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Yahoo! Q1 revenues up 8% on expansion in search

2015-04-22 08:35:00| Telecompaper Headlines

(Telecompaper) Yahoo reported higher first-quarter results, led by expansion in the search market. Total revenues rose 8 percent to USD 1.226 billion, with a 2 percent increase in display to USD 464 million and a 20 percent jump in search to USD 532 million. Yahoo attributed the increase to its search agreement with Mozilla, as well as a 61 percent increase in mobile revenue to USD 234 million. Its search volume also reached a five-year high in the quarter. Revenues excluding traffic acquisition costs were down slightly to USD 1.043 billion versus USD 1.087 billion a year earlier, and adjusted EBITDA fell to USD 231 million from USD 306 million. Yahoo CEO Marissa Mayer said the figures were in line with expectations, with GAAP revenue growing ahead of revenue ex-TAC and EBITDA. "For the next phase of the transformation, we will focus on accelerating our GAAP revenue growth while managing our margins and costs," she said. Net earnings in Q1 totaled USD 21 million or 2 cents a share, down from USD 312 million or 29 cents a share a year ago. The company's cash position fell to USD 6.9 billion from USD 10.2 billion at the end of 2014, after it spent USD 204 million on repurchasing shares and paid USD 3.3 billion in tax on its sale of shares in Alibaba. 

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Verizon Wireless service revenues fall 0.4% in Q1

2015-04-21 14:54:00| Telecompaper Headlines

(Telecompaper) Verizon reported a slowdown in mobile customer growth and a drop in wireless services revenues in the first quarter, amid intense competition in the US market. Total mobile revenues were up 6.9 percent year-on-year to USD 22.3 billion, as its new handset pricing Verizon Edge helped offset a 0.4 percent fall in service revenues to USD 17.9 billion. Sales through Edge increased to 39 percent of phone activations in the quarter from 25 percent in Q4 2014, and Verizon said the figure has since risen to nearly 50 percent. The wireless operating margin was flat year-on-year at 35.0 percent, and the EBITDA margin fell by 0.1 percent point to 44.8 percent. Verizon Wireless added 565,000 retail postpaid customers in the three months, while losing 188,000 prepaid users. Total retail connections were up 5.1 percent year-on-year to 102.6 million. Retail postpaid churn was at 1.03 percent in the quarter, down from 1.07 percent a year ago. At the bottom line, Verizon reported earnings of USD 1.02 per share, down from USD 1.15 a year ago when it booked one-time gains on its buy-out of Verizon Wireless. Excluding these items, EPS was USD 0.84 a year ago. 

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TeliaSonera underlying service revenues down 1.1% in Q1

2015-04-21 09:02:00| Telecompaper Headlines

(Telecompaper) TeliaSonera reported first-quarter revenues up 8.8 percent to SEK 26.04 billion. The growth was largely due to currency effects and equipment sales, as service revenues in local currencies, excluding acquisitions and disposals, decreased 1.1 percent. Adjusted EBITDA rose 2.3 percent to SEK 8.54 billion, but fell 4.3 percent in local currencies. The EBITDA margin, excluding non-recurring items, decreased to 32.8 percent from 34.9 a year ago. Net profit fell 5.9 percent to SEK 3.71 billion. Free cash flow increased to SEK 2.85 billion from SEK 2.56 billion a year earlier despite higher cash capital expenditure, as the group benefited from lower taxes and working capital changes. Despite the weaker results, TeliaSonera maintained its outlook for 2015 EBITDA unchanged excluding currency and M&A effects. The operator said it expects a gradual improvement in the course of the year and continues to focus on cost control. 

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Q1 Revenues Drop at J&J

2015-04-14 07:00:00| Happi Breaking News

Worldwide consumer sales fall 4.7%.

Tags: drop jj revenues revenues drop

 

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