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Tag: slows

Philippines economy slows sharply

2014-11-27 04:42:46| BBC News | Business | UK Edition

Growth in the Philippine economy slowed sharply in the third quarter due to weaker growth in all sectors, the government announces.

Tags: economy philippines sharply slows

Dutch mobile market slows drop in service revenues in Q3

2014-11-26 15:16:00| Telecompaper Headlines

(Telecompaper) The Dutch mobile market started to show signs of stabilisation in the third quarter, with revenues flat compared to Q2, according to research by Telecompaper. On an annual basis, mobile service revenues in the Netherlands were still down 6.4 percent to EUR 1.26 billion in Q3, but the drop slowed from an annual decline of around 8 percent in the previous three quarters. The market continues to suffer from the weak economy, which is driving a shift to cheaper SIM-only offers and low-cost brands as well as lower out-of bundle revenues. The Q3 performance is in line with Telecompaper's full-year outlook for a fall of 6.5-7.0 percent in service revenues. For the period 2014-2018, the Dutch market is expected to show a negative CAGR of 3.0 percent, reaching around EUR 4.6 billion in revenues in 2018. 

Tags: service market mobile drop

As China's luxury car wave slows, foreign automakers seek domestic foothold

2014-11-18 15:14:13| Auto Dealers - Topix.net

Daimler will present its new ultraluxury Mercedes-Maybach subbrand at this week's Guangzhou auto show, even as analysts warn that the end is approaching for China's 10-year high-end car sales boom. The scale of the world's biggest auto market means Daimler and rivals such as Jaguar Land Rover simply cannot ignore it.

Tags: car foreign domestic seek

Vodafone improves outlook as drop in revenue slows

2014-11-11 08:25:00| Telecompaper Headlines

(Telecompaper) Vodafone has raised its full-year outlook after its second-quarter results showed improving trends. The drop in organic service revenues slowed to 1.5 percent in the three months to September, versus 4.2 percent in the first quarter of the fiscal year. Service revenue in Europe was down 5.0 percent, while the AMAP region improved to 6.8 percent growth. Total revenues for the first half were up 8.9 percent to GBP 20.75 billion, helped by currency effects. EBITDA increased 5.5 percent to GBP 5.88 billion. Adjusted operating profit was still down 29.5 percent to GBP 1.76 billion, and net profit dropped 69.5 percent to GBP 5.50 billion, hurt by a number of one-time charges for restructuring and acquisitions. For the full year to March 2015, Vodafone now targets EBITDA of GBP 11.6-11.9 billion, at the high end of its earlier outlook of GBP 11.4-11.9 billion. Free cash flow is expected to turn positive over the year, after a breakeven result in H1. Capital expenditure nearly doubled in the first half to GBP 3.9 billion as Vodafone's Project Spring investments got well under way. Vodafone expects to spend a total GBP 16 billion in the two years to March 2016. The operator took European 4G coverage to 59 percent at the end of September and now counts 10.5 million 4G customers across the group. This is still just a fraction of its total 438.5 million customers. 

Tags: drop revenue outlook vodafone

Telefonica slows German revenue decline to 0.5% in Q3

2014-11-10 10:50:00| Telecompaper Headlines

(Telecompaper) O2 Germany added 143,000 postpaid customers and 70,000 new prepaid customers in the third quarter to take its mobile base to 19.6 million at the end of September. The figures do not yet include E-Plus, which was consolidated only from 01 October. The operator's retail fixed broadband base fell by another 31,000 customers in Q3 to 2.2 million. Telefonica said the Q3 results confirmed the improving trend since the beginning of the year, with revenues in the third quarter down only 0.5 percent year-on-year to EUR 1.219 billion, compared to drops of 4.4 percent in Q2 and 8.8 percent in Q1. Mobile service revenues totaled EUR 754 million, down 1.5 percent. The drop in mobile revenue was limited by growth in mobile data and the company's data monetisation strategy. Mobile data revenues including SMS revenues were up 0.2 percent in Q3 to EUR 366 million. Non-SMS mobile data revenue was up 9.3 percent in the same period. OIBDA was still down 17.8 percent to EUR 240 million in Q3, giving a margin of 19.7 percent. The result was hurt by initial restructuring costs related to the acquisition of E-Plus as well as investments in sales and marketing. Capital expenditure was down 15.6 percent year-on-year to EUR 145 million. Telefonica said it had already started the integration of E-Plus with the appointment of new management and plans to cut 1,600 duplicate jobs from the merged group.

Tags: german revenue decline q3

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