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Tag: stabilise
KPN revenues stabilise in Q4, further cost cuts planned
2015-02-04 08:41:00| Telecompaper Headlines
(Telecompaper) KPN reported fourth-quarter revenues flat at EUR 2.07 billion. One-time income including a tax credit of EUR 44 million offset a 2.1 percent drop in underlying sales. EBITDA fell by 3.0 percent to EUR 669 million, and the margin was down 1 percent point to 32.4 percent. EBIT roughly doubled compared to a year earlier to EUR 218 million, and the net loss narrowed to EUR 37 million, impacted by costs for repurchasing debt. Capex increased 17 percent to EUR 482 million, resulting in negative free cash flow of EUR 199 million. Excluding one-time items, free cash flow would have reached EUR 405 million in 2014. Capex over the full year totaled EUR 1.41 billion, slightly above KPN's forecast for less than EUR 1.4 billion. KPN said 2014 was a transformation year, with the sale of E-Plus, acquisition of Reggefiber and new management appointed. Results started to stabilise towards the end of the year and the Dutch operator expects this to continue in the coming quarters. For 2015, the company forecast stable EBITDA by year-end, cost savings of over EUR 400 million (up from EUR 300 million previously), capex of less than EUR 1.4 billion (down from less than EUR 1.5 billion earlier), cash flow higher than the adjusted EUR 405 million in 2014 (excluding any dividend from Telefonica Deutschland) and an increase in the dividend to 8 cents from 7, with a further increase in 2016. In Belgium, KPN plans to reduce investments and target a margin of 25-30 percent in the medium term.
Tags: cost
planned
cuts
revenues
EU Pig Prices: Continuing to Stabilise
2014-10-22 02:00:00| ThePigSite - Industry News
EU - The situation is continuing to stabilise on the European pig slaughter market.
Tags: prices
continuing
pig
stabilise
Orange increases cost savings to stabilise margin
2014-07-29 08:45:00| Telecompaper Headlines
(Telecompaper) Orange reported a small improvement in its adjusted EBITDA margin for the first half of 2014, to 31.3 percent from 31.1 a year earlier, thanks to cost reductions. Revenues were still down 4.9 percent to EUR 19.59 billion, with divestments such as Orange Dominicana reducing sales by 0.8 percent and currency effects taking another 0.6 percent off revenue. On a comparable basis and excluding regulatory effects, sales fell 2.3 percent in the second quarter, a smaller drop than the 3.0 percent fall in Q1 and 3.8 percent drop in Q4. Adjusted EBITDA for the first half declined 4.3 percent to EUR 6.14 billion, and net profit dropped 26.3 percent to EUR 891 million. Orange said the results showed steady improvement in key markets such as France and Poland, as well as continued strong growth in the Middle East and Africa. The company raised its target for cost reductions this year to EUR 300 million from 250 million previously, while maintaining the outlook for adjusted EBITDA of EUR 120-12.5 billion and a stable margin in 2014. Orange moved closer to its target of net debt at 2x EBITDA with a result of 2.17 at the end of June, down from 2.37 six months earlier. Capital expenditure in the first half was up just 3.1 percent year-on-year to EUR 2.50 billion. Orange said it will pay an interim dividend of EUR 0.20 per share and a full-year dividend of EUR 0.60.
Tags: cost
orange
increases
savings
UK: Mothercare outlines modernisation plan as sales stabilise
2014-07-17 11:28:00| Daily apparel & textile news and comment - from just-style.com
Mothercare has outlined a modernising plan for it domestic business as the mother, baby and children's goods retailer revealed its UK performance is starting to stabilise.
Tags: plan
sales
outlines
modernisation
UK: Mothercare outlines modernising plan as sales stabilise
2014-07-17 10:41:42| Daily apparel & textile news and comment - from just-style.com
Mothercare has outlined a modernising plan for it domestic business as the mother, baby and children's goods retailer revealed its UK performance is starting to stabilise.
Tags: plan
sales
outlines
stabilise