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Tag: reduction
VIDEO: Philippines FM on GDP reduction
2013-11-14 01:34:53| BBC News | Business | UK Edition
The Finance Minister of the Philippines has told the BBC that Typhoon Haiyan could cut economic growth by one percentage point next year.
Tags: video
reduction
philippines
gdp
Tsinghua study concludes existing regulations for diesel trucks and buses insufficient to reach NOx reduction target by 2015
2013-11-11 16:30:26| Green Car Congress
Tags: study
existing
target
reach
CARD study concludes reduction in ethanol mandate would have minor impact on price of corn
2013-11-11 16:30:26| Green Car Congress
2014 Silverado and Sierra pickups leverage high- and ultra-high strength steels for weight reduction
2013-11-09 14:30:21| Green Car Congress
Tags: high
weight
reduction
strength
Telefonica sales down 9.5%, meets debt reduction target
2013-11-08 08:44:00| Telecompaper Headlines
(Telecompaper) Telefonica reported third-quarter sales down 9.5 percent year-on-year to EUR 14.06 billion, hurt by negative currency effects in Latin America and weak markets in Europe. On on organic basis, excluding forex and divestments, revenues rose 2.1 percent, an improvement compared to 0.5 percent growth in Q2 and a 1.6 percent decline in Q1. The company recorded 10.9 percent organic growth in Latin America and a 7.1 percent fall in Europe. OIBDA declined 12.6 percent to EUR 4.68 billion, and the margin dropped 1.2 percent points to 33.3 percent. Net profit was down 21 percent from a year ago to EUR 1.09 billion or EUR 0.24 per share. In the first nine months of the year, Telefonica increased capex 5.6 percent to EUR 6.02 billion, in part due to spectrum acquisitions, leading to a 19.9 percent fall in operating cash flow to EUR 8.08 billion. The company still met its debt reduction target one quarter early, reaching net debt of EUR 46.0 billion at the end of September, for leverage of 2.30 times EBITDA. Telefonica said it had refinanced more than EUR 10 billion in debt in the past year and was covered for repayments in the next two years.
Tags: sales
target
reduction
debt
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