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Whirlpool forecasts 2016 profit largely below estimates
2016-01-30 03:56:21| Appliances - Topix.net
Whirlpool Corp forecast 2016 earnings largely below Wall Street estimates, and said unit shipments in Brazil would fall by 10 percent this year. A Whirlpool logo is seen on a range door at the Whirlpool manufacturing plant in Cleveland, Tennessee August 21, 2013.
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Research Analysts Issue Forecasts for AK Steel Holding Co.'s FY2016 Earnings
2016-01-30 01:15:36| Steel - Topix.net
AK Steel Holding Co. - Equities researchers at CLSA issued their FY2016 EPS estimates for AK Steel Holding in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports.
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TeliaSonera forecasts stable EBITDA in 2016
2016-01-29 08:51:00| Telecompaper Headlines
(Telecompaper) TeliaSonera reported fourth-quarter sales from continuing operations up 5.9 percent to SEK 22.655 billion. Service revenues in local currencies, excluding acquisitions and disposals, grew 1.1 percent. Adjusted EBITDA rose 11.1 percent to SEK 6.556 billion, and the margin improved to 28.9 percent from 27.6 a year ago. The company's net result was a loss of SEK 3.010 billion or SEK 0.70 per share, compared to a profit of SEK 2.938 billion or SEK 0.68 per share a year earlier, due to writedowns of SEK 7.20 billion, mainly on the activities in Eurasia up for sale. Over the full year, organic EBITDA was up 0.1 percent, better than the company's forecast for a small decline, while organic revenue growth was 2.4 percent over all of 2015. TeliaSonera said it targets stable organic EBITDA again in 2016, while the high level of investment will also continue, due to the accelerated roll-out of fibre in Sweden and restructuring of legacy IT and product systems in order to reduce costs.
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Global travel retail insights - market forecasts, product innovation and consumer trends
2016-01-28 17:06:46| Beverage industry market research - from just-drinks.com
Modest growth for global travel retail: Global travel retail sales of wines and spirits, including pre-mix drinks, rose by a modest 1.8% in 2014, reaching 30.2m nine-litre cases in what was a year of
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global
Tele2 forecasts flat sales, lower EBITDA in 2016
2016-01-28 08:52:00| Telecompaper Headlines
(Telecompaper) Tele2 reported a fall in profits in the fourth quarter, amid costs for restructuring its operations and launching its mobile network in the Netherlands. In the three months to December, EBITDA fell 5 percent to SEK 1.337 billion, hurt by the contracting fixed telephony business, start-up costs in the Netherlands and currency devaluation in Kazakhtelecom. EBIT dropped to SEK 364 million from SEK 735 million a year earlier, due to a number of one-time charges. These include SEK 133 million for the 'Challenger' cost-reduction programme announced last year and SEK 118 million for the planned merger of the operations in Kazakhstan with Kazakhtelecom's mobile business. Tele2's net profit plunged 91 percent to SEK 45 million, but the company stuck to its pledge to increase the dividend 10 percent to SEK 5.35. At the top line, net sales rose 1 percent to SEK 6.943 billion, led by 2 percent growth in mobile service revenue and helped by a VAT settlement in the Netherlands. For 2016, Tele2 forecast mobile service revenue growth in the mid-single digits and total net revenue of SEK 26-27 billion, essentially flat compared to SEK 26.856 billion last year. EBITDA is expected to fall to SEK 4.6-5.0 billion in 2016 from SEK 5.757 billion in 2015.
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