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SABMiller effect kicks in as Anheuser-Busch InBev lifts H1 2017 sales - results
2017-07-27 12:12:44| Daily beverage news and comment - from just-drinks.com
Anheuser-Busch InBev has started to feel the benefit of its acquisition of SABMiller as first-half sales and profits jumped despite continued pressure in Brazil and the US.
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LG mobile back in the red in Q2 as premium smartphone sales disappoint
2017-07-27 09:29:00| Telecompaper Headlines
(Telecompaper) LG Electronics saw its mobile phone business fall back in the red in the second quarter, after a small profit in Q1. With weak sales in the premium smartphone market and an increase in raw material costs, the mobile business had a quarterly operating loss of KRW 132.4 billion (USD 117.3 million). After a positive operating margin of 0.1 percent in Q1, LG Mobile was back at a negative 4.9 percent in Q2, similar to the minus 4.1 percent a year ago.
Orange accelerates sales, EBITDA growth in Q2
2017-07-27 08:35:00| Telecompaper Headlines
(Telecompaper) Orange reported an acceleration in growth in the second quarter, driven by strong growth in Spain, a recovery in Africa and the Middle East and the first sales growth in France since 2009. Revenue rose 1.4 percent to EUR 10.206 billion, compared to growth of 0.8 percent in Q1. On a comparable basis, sales were up 0.5 percent in France, 8.8 percent in Spain and 2.7 percent in Africa and the Middle East. Only Poland and the enterprise division posted lower revenue in the quarter.
Telefonica ups FY sales growth forecast after improved results in Q2
2017-07-27 07:58:00| Telecompaper Headlines
(Telecompaper) Telefonica said it now expects modest growth in revenues over the full year, after improving trends in the second quarter. Quarterly revenues rose 1.9 percent year-on-year to EUR 12.960 billion, with organic growth improving to 3.1 percent from 1.5 percent in Q1. All its main markets - Spain, Germany, Brazil showed an improved performance in the quarter. Across the group, both service revenue (+2.9% y-o-y organic) and handset sales (+5.2%) accelerated compared to the previous quarter.
Nokia sales up 1% in Q2 thanks to licensing growth
2017-07-27 07:44:00| Telecompaper Headlines
(Telecompaper) Nokia reported second-quarter sales up 1 percent year-on-year to EUR 5.619 billion, as growth in its licensing business offset a weaker market for network equipment. The adjusted operating margin jumped to 10.2 percent from 5.9 percent a year ago, and the net loss narrowed to EUR 423 million from EUR 667 million.
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