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MTS raises FY outlook on Russian mobile growth
2014-11-25 16:05:00| Telecompaper Headlines
(Telecompaper) MTS has raised its outlook for the full year, despite difficulties in Ukraine and the weaker ruble. The Russia and CIS operator now expects annual revenue growth of of at least 2 percent this year, compared to an earlier estimate of around 1 percent. Growth will be led by around 5 percent growth in its home market Russia and a better-than-expected performance in Ukraine and Armenia. The outlook for adjusted OIBDA was raised to 1 percent growth, from a forecast last quarter for a stable result. MTS maintained its capex budget at RUB 90 billion for the full year and said it had brought forward some equipment purchases in anticipation of a further depreciation of the ruble. MTS said the outlook remains volatile for Ukraine, but it is positive on the long-term prospects in the country with the advent of 3G services there. For the third quarter, the company reported revenues up 3.6 percent year-on-year to RUB 107.15 billion, and adjusted OIBDA increased 4.1 percent to RUB 48.19 billion. Net profit was still down 11.2 percent to RUB 16.06 billion due to forex losses.
Tags: mobile
growth
russian
outlook
DSW raises outlook despite Q3 profit drop
2014-11-25 15:55:00| Daily apparel & textile news and comment - from just-style.com
US footwear retailer DSW has lifted its full-year earnings outlook, despite posting a drop in third-quarter profit.
Tags: drop
profit
outlook
raises
Ryanair raises outlook, soars to record high
2014-11-11 10:09:57| Airlines - Topix.net
" Ryanair sharply raised its profit outlook on the back of surprisingly strong first-half profits, sending shares in Europe's biggest budget airline to a record high. The airline said Monday that its net profit for the peak April-September period rose 32 percent to 795 million euros , about 100 million euros better than market expectations.
Tags: high
record
outlook
raises
Ryanair raises outlook, soars to record high
2014-11-03 13:00:11| Airlines - Topix.net
The airline said Monday that its net profit for the half year between April and September rose 32 percent to 795 million euros . Chief Executive Michael O'Leary said he would boost services during the traditionally weak, loss-making winter season.
Tags: high
record
outlook
raises
Nokia raises FY margin outlook after strong Q3
2014-10-23 08:53:00| Telecompaper Headlines
(Telecompaper) Nokia reported strong improvement in third-quarter results, driven by new LTE contracts in North America and China. Net sales rose 13 percent year-on-year to EUR 3.32 billion, and adjusted operating profit was up 33 percent to EUR 457 million. Net profit increased to EUR 760 million from EUR 138 million, and adjusted EPS rose 50 percent to EUR 0.09. The bottom line was impacted by a charge of EUR 1.2 billion to write down the value of goodwill at the location services unit Here. This was offset by a one-time benefit of EUR 2.1 billion on deferred tax assets in Finland and Germany. The strong operating results led to an upgrade in the outlook for Nokia Networks. The company now expects an annual operating margin of around 11 percent, versus its previous forecast for the high end of its long-term target range of 5-10 percent. The margin was 13.5 percent in Q3 and 11.5 percent over the first nine months of the year. The forecast is based on a high proportion of mobile broadband sales in Q3 and an expected higher proportion of service revenues in Q4.
Tags: strong
nokia
outlook
margin
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