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Swisscom sticks to FY guidance as Q2 revenue falls but EBITDA grows
(Telecompaper) The Swisscom group said its outlook for the full year remains unchanged as its operating results were within expectations in the first half of 2019. Second quarter group net revenue fell by 4 percent to CHF 2.80 billion from CHF 2.92 billion a year earlier but EBITDA rose to CHF 1.12 billion from CHF 1.09 billion a year earlier.
United Internet lowers FY outlook as mobile promotions, lower handset sales slow growth
(Telecompaper) German operator United Internet reported a drop in first-half earnings, to EUR 0.84 per share from EUR 0.91 a year earlier, hurt by a writedown of EUR 34 million on its stake in cable operator Tele Columbus. Revenues and EBITDA were slightly higher, as customer growth offset increased promotions in the mobile market, but the company lowered its full-year growth outlook, due to weaker hardware sales and costs for rolling out its mobile network and price cuts. United Internet said it’s also preparing an IPO for its hosting business Ionos and negotiating a new wholesale deal for its telecom business.
Telstra’s FY profit plunges nearly 40%, EBITDA down 21% on NBN impact
(Telecompaper) According to Telstra, the largest reason for the decline in EBITDA was the impact of the NBN. To date, Telstra estimates the NBN has adversely impacted EBITDA by AUD 1.7 billion since FY16. The operator also estimates it is around 50 percent of the way through the recurring financial impact of the NBN.
Lenovo doubles quarterly profits on cost cuts, strong PC sales
(Telecompaper) Lenovo nearly doubled its operating profit in the fiscal first quarter to June, thanks to improved profitability across all its divisions. Revenues were up 5 percent to USD 12.5 billion, driven by the PC business, and the net profit rose to USD 162 million from USD 77 million a year ago.