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Telecom Italia revenues down 6.6% in Q4, misses profit target and launches 2020-22 business plan

2020-03-11 09:52:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) posted a 6.6 percent year-on-year decline in revenues to EUR 4.0 billion in the fourth quarter, with improved results at its TIM Brasil unit offset by a fall of EUR 291 million (-7.6% year on year) at its domestic unit. TIM's EBITDA for the quarter came to EUR 1.7 billion, down 1.6 percent compared to Q4 2018 on an organic basis, with a domestic decline of 12.8 percent largely offset by a strong performance in Brazil, where it's teaming up with Telefonica to bid for Brazilian operator Oi's mobile business.

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Encana Raises Savings Target From Newfield Deal; Profit Beats

2019-04-30 16:05:37| OGI

Calgary, Alberta-based Encana now expects to deliver annual general and administrative savings of at least $150 million from the Newfield Exploration deal.

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Adidas ups 2020 profit target following "strong" FY

2018-03-14 11:44:00| Daily apparel & textile news and comment - from just-style.com

Shares in German sporting giant Adidas climbed by more than 9% this morning (14 March) as the company forecast strong growth in the year ahead, and upped its 2020 profitability target on the back of what CEO Kasper Rorsted called a "strong" year.

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Gemalto lowers 2017 profit target, posts 1% Q3 revenue drop

2016-10-31 09:33:00| Telecompaper Headlines

(Telecompaper) Gemalto lowered its target for 2017 operating profit, with a revised guidance in the range of EUR 500-520 million. In March 2015, the company had raised this target to EUR 660 million from EUR 600 million previously, an increase mainly driven by its acquisition of data protection specialist SafeNet. CEO Philippe Vallee stated that the outlook had worsened for the Mobile business unit and that payment card migration was slower than expected. The company reported third quarter revenue of EUR 753 million, down 1 percent year-on-year at constant exchange rates (compared to an increase of 3 percent in the previous quarter).

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UPS hits lowered target for 4Q profit, 2015 forecast tepid

2015-02-03 15:40:59| Air Courier - Topix.net

The results were roughly in line with the lowered expectations that UPS set two weeks ago, when it warned that late-2014 profits would be disappointing. CEO David Abney said the company will control costs and raise prices this year.

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