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Tag: market sees
Ericsson sees small slowdown in market growth
2015-11-10 09:16:00| Telecompaper Headlines
(Telecompaper) Ericsson forecast a slightly slower rate of growth for the global telecom market in the coming period, but said it still expects to outperform the market. At its latest Capital Markets Day, the company said the total addressable market will show an estimated CAGR of 2-4 percent in 2014-2018, compared to a forecast of 3-5 percent growth for 2013-2017. In addition to growing its core business of radio, core and transmission network equipment, Ericsson outlined adjacent targeted areas where it expects to exceed the market CAGR of 10 percent per year. These areas - cloud, IP networks, TV and media, OSS and BSS, as well as the 'Industry & Society' sector - will contribute around SEK 45 billion in revenue for the company this year, up from SEK 35 billion a year ago. The just announced partnership with Cisco is also expected to generate USD 1 billion or more of additional sales by 2018. Ericsson also confirmed its target for SEK 9 billion in annual costs savings by 2017. However, the one-time costs of the restructuring needed to achieve the savings will be higher than initially forecast, at SEK 3.4-4.5 billion in 2015-2017, versus the first estimate of SEK 3-4 billion. Ericsson said around half the savings will reduce operating expenses and the other half will impact cost of sales.
Tags: small
market
growth
ericsson
UPDATE 2-Chipmaker ST sees worsening market conditions for two more quarters
2015-10-29 16:36:00| Semiconductors - Topix.net
Franco-Italian chipmaker STMicroelectronics on Thursday posted weaker-than-expected quarterly results and said lower spending in China, especially on autos, had led it to cut back its manufacturing plans and reduce its fourth-quarter outlook. Europe's largest semiconductor maker reported third-quarter net revenue of $1.76 billion , a decline of 6.5 percent from the year-ago quarter.
Tags: two
conditions
market
update
Meat Market Update | Daily Box Beef Cutout sees substantial rally
2015-10-22 16:27:00| Beef
This week's Daily Box Beef Cutout enjoyed a very substantial rally this past week that is continuing yet. The Daily Choice Cutout ended the week on Friday at $211.69 which was $8.69 higher a By Ed Czerwien, USDA Market News Reporter read more
ARB sees beginning of market penetration of battery-electric medium- and heavy-duty trucks and buses
2015-10-16 20:55:34| Green Car Congress
Tags: market
beginning
medium
sees
H&M sees strong growth, market share increase
2015-09-24 15:17:43| Appliances - Topix.net
Swedish fashion retailer Hennes & Mauritz AB says third-quarter sales grew nearly 20 percent as the company grabbed more market share, with plans for further expansion. Net profit remained flat at 5.30 billion kronor largely because of increased costs caused by a strong dollar, while revenue surged to 46 billion kronor from 38.8 billion a year earlier.
Tags: share
market
increase
strong
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