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Adidas Q3 profit slides on continuing Russia weakness

2014-11-06 11:04:00| Daily apparel & textile news and comment - from just-style.com

German sporting giant Adidas has reported a drop in third-quarter profits and gross margin due to continuing weakness in emerging markets, but reaffirmed its guidance for the full year.

Tags: profit russia continuing slides

 

Siemens net profit up 40 percent, outlook cautious

2014-11-06 10:16:11| Telecom - Topix.net

Industrial equipment maker Siemens AG says net profit rose 40 percent in the fourth quarter but issued a cautious outlook for the coming year, saying global tensions would affect its business and predicting flat revenue. Siemens also said Thursday it was selling its hearing-aid business to the investment company EQT and Germany's Struengmann family of entrepreneurs for 2.15 billion euros.

Tags: net percent profit siemens

 
 

Liberty Global posts Q3 net profit on revenues up 5%

2014-11-06 08:27:00| Telecompaper Headlines

(Telecompaper) Liberty Global reported third-quarter revenues up 5 percent year-on-year to USD 4.5 billion. Organic growth, excluding forex effects and a number of small acquisitions, was 3 percent, led by growth in Belgium and Germany. The cable group added 344,000 revenue-generating units in the three months on an organic basis, for a total 49.2 million at the end of September. The addition of 239,000 broadband customers and 151,000 telephony subscribers helped offset the loss of 46,000 TV customers. At the end of Q3, the group had 10.4 million triple-play customers, which exceeded the single-play customer base (10.1 million) for the first time. Quarterly operating cash flow rose 6 percent to USD 2.1 billion, and the net result turned to a profit of USD 157 million versus a loss of USD 830 million a year ago. Capital expenditure was down slightly to USD 908 million or 20 percent of revenue. Liberty also announced that it has completed the acquisition of Dutch cable operator Ziggo and will start integration of the company immediately. Helped by Ziggo's liquidity, the company also plans to resume its share repurchase programme and buy back USD 2.6 billion in shares over the next 14 months. 

Tags: up net posts global

 

Wind turbine problems weigh on Siemens fourth-quarter profit

2014-11-06 08:21:29| Industrial Machines - Topix.net

German engineering group Siemens missed expectations for fourth-quarter core profit, hurt by charges for faulty wind turbines that pushed its wind power division to a loss. Siemens, one of Germany's biggest companies and a major exporter of goods from trains to turbines to hospital equipment, posted total sectors profit up 28 percent to 2.2 billion euros , missing the average estimate of 2.25 billion euros in a Reuters poll.

Tags: problems profit wind siemens

 

Manitoba Telecom reports higher Q3 profit of $36.8M; revenue down slightly

2014-11-06 03:10:57| Wireless - Topix.net

Manitoba Telecom Services Inc. says year-over-year net income increased in the third quarter despite a small decline in revenue. The Winnipeg-based telecom which offers wireless, Internet and television and other services primarily in Manitoba, says it earned $36.8 million or 47 cents per share in the third quarter from $25.4 million or 38 cents in the comparable 2013 period.

Tags: reports higher slightly profit

 

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