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H&M Q4 "disappoints" on weak Europe sales
2016-01-28 11:25:00| Daily apparel & textile news and comment - from just-style.com
Fashion retailer Hennes & Mauritz (H&M) has reported what analysts have described as "disappointing" fourth-quarter figures as margins and profit were hit by weaker sales in Europe and North America.
Tags: sales
europe
weak
disappoints
H1 sales dip as Diageo battles FX headwinds
2016-01-28 11:09:00| Daily beverage news and comment - from just-drinks.com
Diageo's sales dropped 5% in the first half of its financial year but underlying performance stayed solid as Smirnoff returned to growth in the US.
Tags: sales
dip
battles
diageo
Lead Prices Slide Despite Strong Car Sales
2016-01-28 09:50:49| Auto Dealers - Topix.net
In December, prices rose while other metal prices fell, but the rally turned out to be short-lived, a typical behavior in this bearish commodity market. Our subscribers knew , though, at the beginning of January that it wasn't a good time to buy , since lead was destined to fall as it neared resistance levels around $1,800 per metric ton.
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.
Tags: sales
lower
flat
forecasts
Fischer Technology Opens Sales Office in Livonia, Michigan
2016-01-28 06:00:00| Coatings World Breaking News
Tags: office
technology
sales
michigan
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