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Orange confirms dividend as H1 results fall
2013-07-25 08:45:00| Telecompaper Headlines
(Telecompaper) Orange has confirmed it will pay an interim dividend and said it's on track to meet its full-year targets. Of the EUR 0.80 per share in dividends promised for this year, the company will pay EUR 0.30 for the first half. The company achieved 57 percent of its annual targeted operating cash flow in the first half already, with a result down 12.8 percent from a year earlier at EUR 3.96 billion. Orange also maintained its forecast for net debt at about 2.2 times EBITDA by the end of this year, after a result of 2.1 in the first half, and said it had already achieved most of its EUR 600 million in targeted cost reductions for this year. EBITDA was still down 8.4 percent in the first half to EUR 6.417 billion, and the margin dropped 0.9 percent points from a year ago to 31.1 percent. Revenues fell 5.7 percent to EUR 20.60 billion, with only Spain showing positive growth of 1.3 percent. Sales in France were down 6.9 percent, Poland fell 7.2 percent, Enterprise dropped 5.5 percent and the rest of the world declined 6.4 percent. In the second quarter, the picture was little better, with group revenues down 5.5 percent and EBITDA falling 7.8 percent, down in part due to the sale the Swiss activities. The group reported a net profit of EUR 1.209 billion for the first half, down by EUR 700 million from a year earlier. Capex was largely stable in H1, at EUR 2.46 billion or 11.3 percent of revenues.
Tags: results
fall
orange
dividend
NTEA Fall Conferences Loaded with Industry Insights
2013-07-24 22:15:48| AutomotiveDigest.com - Automotive Industry News
Work truck industry professionals are encouraged to attend NTEAs Fall Conferences in Dearborn, MI the Business and Market Planning Summit (Sept. 9) and the Truck Product Conference (Sept. 1012). Together, these conferences deliver an impressive lineup of speakers that will provide insight into the economic projections and future products that can impact your business [...]The Article NTEA Fall Conferences Loaded with Industry Insights appeared first on Automotive Digest.
Tags: industry
fall
conferences
loaded
US: Dr Pepper Snapple Group H1 profits fall, sales flat
2013-07-24 14:36:32| Daily beverage news and comment - from just-drinks.com
Dr Pepper Snapple Group has pointed to a "very challenging" market, including bad weather, after reporting a drop in half-year profits off the back of flat sales.
FRANCE: Go Sport halves H1 loss but sales fall
2013-07-23 16:34:33| Daily apparel & textile news and comment - from just-style.com
French sportswear retailer Go Sport has almost halved its first-half net losses, despite sales falling over the period.
BANGLADESH: New labour rules still "fall short"
2013-07-23 16:16:00| Daily apparel & textile news and comment - from just-style.com
The International Labour Organization (ILO) is calling on the Bangladesh government to take further steps to improve worker rights and safety, saying that recent amendments to the Labour Act still fall short of international standards.
Tags: short
fall
rules
bangladesh
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