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3 Group grows FY EBIT 54%, reaches positive opg cash flow
2014-02-28 09:16:00| Telecompaper Headlines
(Telecompaper) Hutchison Whampoa's 3 Group reported EBITDA up 38 percent in 2013 to HKD 12.67 billion. Its EBITDA margin jumped to 27 percent from 21 in 2012. Revenues rose 6 percent to HKD 61.98 billion, with a 4 percent increase in local currencies and 9 percent growth in service revenue. Operating profit (EBIT) was up 54 percent to EUR 4.86 billion. The mobile operator also reached the milestone of positive operating cash flow, measured as EBITDA minus capex, at HKD 2.50 billion versus a negative HKD 2.13 billion in 2012. This followed a small drop in capex last year, to HKD 10.18 billion. The company's growth was helped by its takeover of Orange Austria, and the company expects to complete its takeover of O2 Ireland in Q2 this year, pending regulatory approval. With the stabilisation of termination rates in Europe and the company's move to a no-subsidy handset model, 3 said it's set for further growth in the coming year, supported by demand for smartphones and data services. 3 finished 2013 with 22.14 million active customers in Europe, up from 18.54 million a year earlier, led by a doubling in the Austrian base and double-digit growth in every other market apart from the UK. The share of postpaid increased to 59 percent from 56 at the end of 2012. ARPU was still down 12 percent to EUR 21.13 on a 12-month trailing basis. Total data traffic rose to over 384 petabytes from 247 in 2012, and average use per customer increased to 18.2 GB in 2013 from 14.0 in 2012.
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Stora Enso 4Q 2013 results: operational EBIT down 3.8% from year ago to Euro 152 million
2014-02-05 19:03:47| Paper - Topix.net
Q4/2013 Operational EBIT EUR 152 million including EUR 19 million impact of lower depreciation due to impairment charges, a margin of 5.8% .
ITALY: Tod's 9-month EBIT flat on static sales
2013-11-14 14:57:00| Daily apparel & textile news and comment - from just-style.com
Luxury goods group Tod's posted flat sales and earnings for the first nine months of the year, with strong foreign sales cancelling out notable declines in the Italian market.
3 Group doubles EBIT in 2012
2013-03-26 10:57:00| Telecompaper Headlines
(Telecompaper) The 3 Group reported revenues up 3 percent in 2012 to HKD 58.71 billion, while EBITDA improved 15 percent to HKD 9.21 billion. The mobile operator's EBIT doubled, to HKD 3.15 billion from HKD 1.57 billion in 2011. Parent company Hutchison Whampoa said the strong improvement was thanks to leading positions in the smartphone and mobile data segments. 3 posted double-digit revenue growth in most countries, with the UK up 9 percent and only Denmark lower, down 10 percent. The group's customer base rose 9 percent in 2012 to 23.519 million at year-end, including 648,000 net additions in Q4 alone, while data traffic surged to 247.3 petabytes from 154.9 in 2011. Capex totaled HKD 11.35 billion in 2012, while operating cash flow (EBITDA - capex) was a negative HKD 2.13 billion. In 2013, 3 will continue to focus on acquiring high-margin customers and upselling existing customers to more higher-margin plans, while also further moving away from subsidised handsets. Strict cost control with a view to achieving maximum operational leverage also remains a priority, the company said. This, along with the acquisition of the Orange Austria activities, should lead to further improvement in results this year, the group said.