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Telecom Italia posts EUR 1.35 bln profit, first since 2010

2015-03-20 09:18:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported a net income of EUR 1.35 billion in 2014, up from a EUR 674 million loss the previous year, in what was its first profit since 2010. All other financial results for 2014 were published last month to coincide with the launch of its 2015-2017 business plan to modernise its fixed and mobile broadband networks. The company's full-year revenues were down 7.8 percent to EUR 21.57 billion, a slight improvement on the previous year's fall of 9.1 percent, with EBITDA falling by 7.9 percent to EUR 8.79 billion. At the board meeting ratifying its full-year results, the company also announced that it would be launching a bond of up to EUR 2 billion bond on 20 March, with the final conversion price yet to be confirmed. The bond settlement is expected to take place on 26 March and the proceeds will be used to refinance Telecom Italia's existing net debt of EUR 26.7 billion. Looking ahead, the company said traditional services such as access and voice would continue to fall, but would be partly offset by revenues from innovative services due to the increasing demand for connectivity and digital services. Telecom Italia's CEO Marco Patuano said: "The positive trend of our business in the early months of 2015 is in line with goals we previously set and shows the company is on the right path."

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Nike profit beats Street, orders jump

2015-03-20 02:44:53| Footwear - Topix.net

Orders for shoes and apparel scheduled for delivery from March through July 2015 at the end of the third quarter, a gauge of demand Nike calls "futures orders," rose 11 percent globally, excluding the impact of currency exchange rate fluctuations. Analysts had expected a 9.9 percent rise.

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Telecom Italia earns first profit in three years

2015-03-20 01:00:00| Total Telecom industry news

Incumbent operator issues 2 billion bonds to help finance 14.5 billion capex plan.

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Nike Profit Upon Higher Demand for Apparel, Shoes

2015-03-19 23:40:09| Footwear - Topix.net

Nike Inc , the world's largest sportswear maker, reported a 16 percent jump in quarterly profit due to higher demand for its apparel and basketball and running shoes. Nike said on Thursday its net income rose to $791 million, or 89 cents per share, in the third quarter ended Feb. 28, from $682 million, or 75 cents per share, a year earlier.

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Steel Dynamics (STLD) Stock Is Down Today on Nucor's Lower Profit Forecast

2015-03-19 20:09:10| Steel - Topix.net

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