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Tele2 forecasts flat sales, lower EBITDA in 2016
2016-01-28 08:52:00| Telecompaper Headlines
(Telecompaper) Tele2 reported a fall in profits in the fourth quarter, amid costs for restructuring its operations and launching its mobile network in the Netherlands. In the three months to December, EBITDA fell 5 percent to SEK 1.337 billion, hurt by the contracting fixed telephony business, start-up costs in the Netherlands and currency devaluation in Kazakhtelecom. EBIT dropped to SEK 364 million from SEK 735 million a year earlier, due to a number of one-time charges. These include SEK 133 million for the 'Challenger' cost-reduction programme announced last year and SEK 118 million for the planned merger of the operations in Kazakhstan with Kazakhtelecom's mobile business. Tele2's net profit plunged 91 percent to SEK 45 million, but the company stuck to its pledge to increase the dividend 10 percent to SEK 5.35. At the top line, net sales rose 1 percent to SEK 6.943 billion, led by 2 percent growth in mobile service revenue and helped by a VAT settlement in the Netherlands. For 2016, Tele2 forecast mobile service revenue growth in the mid-single digits and total net revenue of SEK 26-27 billion, essentially flat compared to SEK 26.856 billion last year. EBITDA is expected to fall to SEK 4.6-5.0 billion in 2016 from SEK 5.757 billion in 2015.
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January New Vehicles Sales Should be Flat and Used Vehicles Down
2016-01-27 23:34:26| AutomotiveDigest.com - Automotive Industry News
Eric Lyman VP of Industry Insights TrueCar TrueCar predicts that total new U.S. vehicle sales, including fleet deliveries, will be nearly flat from a year ago, with a 0.3% decline. Even with Winter Storm Jonas bringing heavy snow storms, and accounting for two fewer selling days than a year ago, the seasonally adjusted annualized rate […] The Article January New Vehicles Sales Should be Flat and Used Vehicles Down appeared first on Automotive Digest.
Apple reports flat iPhone sales
2016-01-27 01:00:00| Total Telecom industry news
U.S. device maker warns iPhone shipments are expected to fall in the current quarter.
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reports
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apple
Soda sales may be flat but the 33-cent quarterly payout is just bubbly.
2015-11-25 13:21:34| Beverages - Topix.net
That means if you want to get a dividend check you have to own Coke stock before then. On that Friday the company will finalize its roster of shareholders to whom it will send dividend checks.
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sales
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quarterly
MSC Industrial reports flat sales as strong dollar hurts customers
2015-10-28 12:29:43| Industrial Machines - Topix.net
MSC Industrial Supply president and chief executive Erik Gershwind at company offices in Melville on March 27, 2013. Photo Credit: Johnny Milano Melville-based MSC Industrial Direct Co.
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industrial
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