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Home › revenues

 

Tag: revenues

Vodafone revenues hit in Europe

2013-02-07 09:20:58| BBC News | Business | UK Edition

Vodafone warns of "very difficult market conditions in Europe" as the mobile operator reports a worse-than-expected fall in revenue.

Tags: hit europe revenues vodafone

Vodafone service revenues down 2.2% on weak European markets

2013-02-07 08:49:00| Telecompaper Headlines

(Telecompaper) Vodafone Group reported revenues for its fiscal third quarter to December down 2.0 percent from a year earlier to GBP 11.39 billion, hurt by continued weakness in European markets. Service revenue fell 2.2 percent to GBP 10.37 billion and on an organic basis was down 2.6 percent. Among its main markets, organic service revenues fell 0.2 percent in Germany, 5.2 percent in the UK, 13.8 percent in Italy and 11.3 percent in Spain. CEO Vittorio Colao said the company continues to work on cost control to offset the "very difficult" market conditions in Europe. As part of its growth initiatives, Vodafone launched the new Vodafone Red pricing strategy in five markets and said early take-up has been positive with over 2 million subscribers. It's also accelerating the integration Cable & Wireless Worldwide to strengthen its enterprise business. Enterprise revenues were down 2.5 percent in the latest quarter, while data revenues continued to grow, up 12.8 percent to GBP 1.7 billion. Data now accounts for 16.2 percent of group service revenue, and in Europe, over a third of customers are now using smartphones. Vodafone's capex reached GBP 1.5 billion in the quarter, little changed from a year earlier, while free cash flow fell 18 percent to GBP 1.2 billion. The company maintained its full-year outlook for free cash flow at the low end of the GBP 5.3-5.8 billion range, while adjusted operating profit should come in the upper half of the forecast range of GBP 11.1-11.9 billion. Despite the weaker revenue performance in Q3, Vodafone said it still expects an improving trend in the group EBITDA margin this year.

Tags: service european markets weak

Elan reorganises Tysabri revenues

2013-02-06 10:46:00| Biotech - Topix.net

Biogen Idec is to take full ownership of blockbuster multiple sclerosis drug Tysabri after agreeing to pay Irish partner Elan $3.25 billion plus future royalties on sales of the drug.

Tags: revenues elan tysabri reorganises

TalkTalk gains customers but sheds revenues

2013-02-05 01:00:00| Total Telecom industry news

U.K. broadband, mobile and TV service provider sees its customer base grow for the first time in three years in Q4.

Tags: customers gains revenues sheds

Airtel quarterly revenues up 9.5%, net profit falls 72%

2013-02-01 09:08:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported revenues for the fiscal third quarter to December up 9.5 percent from a year earlier to INR 202.4 billion. Mobile service revenues in India and south Asia rose 7 percent to INR 109.4 billion, and revenues in Africa were also up 7 percent, to USD 1.13 billion. Group EBITDA improved 4 percent to INR 61.8 billion, while net profit was down 72 percent to INR 2.8 billion, hurt by higher depreciation and amortisation, as well as interest, forex and tax charges. The company increased capex 12 percent from a year earlier to INR 23.8 billion, while operating cash flow was stable at INR 38 billion. The customer base in India and south Asia contracted 2 percent compared to three months earlier to 189.4 million, hurt by the stricter customer activation regulations in India, but traffic was still up 3 percent over the period to just over 250 billion minutes. Airtel said churn in India slowed to 5.9 percent, and ARPU improved 4 percent from the previous quarter to INR 185. The number of 3G customers passed 5 million, and data traffic was up 25 percent on the September quarter. In Africa, Airtel's customer base grew 5 percent over the three months to 61.7 million. Churn was stable at 5.1 percent, while ARPU fell 2 percent to USD 6.2.

Tags: net falls profit quarterly

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