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Tele2 quarterly EBITDA falls 22%, sales up 1%

2016-07-21 09:08:00| Telecompaper Headlines

(Telecompaper) Tele2 reported a drop in second-quarter profits as the company increased commercial spending in an effort to accelerate sales in its largest markets, Sweden and the Netherlands. While revenues rose slightly to SEK 6.668 billion from SEK 6.611 billion a year ago, EBITDA dropped to SEK 1.087 billion from SEK 1.393 billion. The margin dropped to 16 percent from 21 percent a year ago. After SEK 95 million in restructuring charges and a higher tax bill, Tele2 posted a net loss of SEK 60 million from the quarter, versus a profit of SEK 309 million a year ago. Tele2 maintained its outlook for mobile end-user service revenue growth in the mid single digits in 2016, after 2 percent growth in Q2.

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Report: June Same-Store Sales Fall Flat at Quick-Service Restaurant Concepts

2016-07-21 09:00:00| National Real Estate Investor

Jonathan Maze Traffic fell 1.9 percent for the month, the worst performance for the industry since the weather-hampered month of January 2014. read more

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Qualcomm grows quarterly sales more than expected

2016-07-21 08:50:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported an improvement in results for its fiscal third quarter to June, as the company rebuilds its licensing business in China, the world's biggest market for smartphones. Revenues rose 4 percent year-on-year and 9 percent sequentially to USD 6.0 billion, better than the company's forecast, and operating profit was up 29 percent annually to USD 1.6 billion. Sales were helped by USD 235 million in deferred revenue recognised after settling its licensing dispute with LG. Net profit increased 22 percent to USD 1.4 billion, and adjusted EPS jumped 17 percent to USD 1.16, with an 11-cent boost from the LG deal. MSM chip shipments were still down 11 percent year-on-year to 201 million, but grew 6 percent compared to Q2 and came in higher than forecast.

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Unilux names Tom Herold VP of sales for Americas

2016-07-19 17:37:00| Label and Narrow Web Breaking News

He will lead initatives to serve customers and transition from Xenon to LED.

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Conviviality toasts "transformational" Matthew Clark as full-year sales surge

2016-07-19 15:22:00| Daily beverage news and comment - from just-drinks.com

UK drinks group Conviviality has reported a triple-digit sales boost for its full year, following the integration of wholesale firm Matthew Clark.

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