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Telenor organic sales growth improves to 2% in Q2

2013-07-23 09:52:00| Telecompaper Headlines

(Telecompaper) Telenor has maintained its outlook and announced a share buyback, after reporting improved organic sales growth and margins in the second quarter. After flat sales in Q1 on an organic basis, growth improved to 2 percent in Q2, allowing the operator to maintain its guidance for 2-4 percent organic revenue growth this year. Sales totaled NOK 25.75 billion, and adjusted EBITDA improved to NOK 8.86 billion from NOK 8.06 billion a year earlier, helped by reduced losses in India and growth in Thailand, Sweden and Norway. The EBITDA margin rose to 34.4 percent from 31.8 percent, and Telenor expects a result around 34 percent for the full year. Telenor's net profit jumped to NOK 3.25 billion from NOK 2.07 billion a year ago, thanks to improved results from its stake in Vimpelcom. Telenor increased capex to NOK 3.48 billion from NOK 2.96 billion, while operating cash flow was also higher, at NOK 5.37 billion versus NOK 5.1.6 billion a year ago. The company will buy back up to 1 percent of its outstanding shares under the new buyback programme running until its AGM next year. The group maintained its guidance for annual capex at 12-14 percent of revenues this year, excluding licence and spectrum costs.

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Online sales tax could "kill" growth, say digital retailers

2013-07-22 13:06:50| Grocery - Topix.net

THE INTRODUCTION of an online sales tax or 'marketplace fairness tax' for internet retailers would kill growth and jobs, the industry has warned.

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IPC North American PCB Market Report Shows MIL/AERO Sales Growth Still Outpaces Other Vertical ...

2013-07-22 06:00:00| Industrial Newsroom - All News for Today

According to July 2013 issue of North American PCB Market Report, PCB sales growth to military/aerospace market continues to outpace sales to other vertical markets in North America. Rigid PCB sales to military market were up 3.4% from January through May compared to same period in 2012, while rigid PCB sales to other markets were down 9.1% year-to-date (YTD). In flexible circuit segment, YTD growth rates of sales to military and other markets were both positive. This story is related to the following:Trade Associations

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Ermator USA Experiences Growth, Expands Sales Team

2013-07-22 06:00:00| Industrial Newsroom - All News for Today

Ermator USA has experienced significant growth in the past year.  In order to keep up with the rapidly increasing demand for Ermator dust extractors and expanding customer base, Ermator USA has added a new sales rep.<br /> <br /> Ermator develops, manufactures and markets Hepa Vacuums, Hepa Extractors and Hepa Air Scrubbers for the Construction, Restoration and Abatement Industries. Ermator is the American branch of Sweden-based Pullman-Ermator, one of the largest construction vacuum ...

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FRANCE: Hermes expects FY sales growth to top 10%

2013-07-18 12:45:00| Daily apparel & textile news and comment - from just-style.com

French luxury group Hermes has said it expects full-year sales to "slightly exceed" its growth target of 10%, after second-quarter sales were boosted by higher demand in Asia and the Americas.

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