The website of Alex Kinch, live from London
Posts tagged Financial Results
O2 UK unveil strong Q1 2009 financial results
May 13th
O2’s parent company Telefónica Europe have unveiled their Q1 2009 financial results – with mobile division O2’s UK customer base growing 20% year on year to 20.8m.
The operator added 141,753 customers in the first three months of 2009, with 42.6% of all customers on a post-pay monthly contract. In addition, non-SMS revenue was up by 42%, driven mainly by an increase in the number of mobile broadband connections and the continued success of high-end phones such as BlackBerry and the iPhone.
Matthew Key, Chairman and Chief Executive of O2’s parent company, commented: “Telefónica Europe continues to go from strength to strength, outperforming our competitors by investing in customer experience as a means to drive sustainable growth and emerge from this recession fitter and stronger than before.
“In spite of a tough economic environment, we delivered a strong set of results in the first quarter in increasingly competitive markets. We have, in particular, reported impressive cash flow growth, while maintaining our levels of investment to ensure the long-term health of the business.
You can read the full financial results here.
China Mobile Q1 profit rises 5.2%
Apr 20th
After the doom and gloom of Nokia and Sony Ericsson‘s financial results last week, it’s good to see some positive figures from the mobile sector.
Net profit attributable to equity holders from January to March this year amounted to 25.2 billion yuan ($3.69 billion), from 23.9 billion yuan in the same period a year ago.
EBITDA margins dipped slightly to 52.7 percent, from 53.5 percent a year ago. Revenue for the period totaled 101.3 billion yuan, up 9.2 percent from the same period a year ago.
Sony Ericsson posts £260m loss, cuts 2000 jobs
Apr 17th
A day after Nokia posted a 90% drop in profits for Q1 2009, it’s the turn of Sony Ericsson to dish out the bad news.
Sky News is reporting the joint venture made a £260m loss in the first quarter of 2009, and plans to cut another 2,000 jobs. This compares to a £165m loss in the fourth quarter of last year.
In a statement, the company said: “The additional cost saving program announced today will include a further reduction in the global workforce of approximately 2,000 people.”
Nokia first quarter results look gloomy
Apr 16th
Nokia quietly slid a press release announcing their results for Q1 2009 out onto the news wires about half an hour ago – and to be honest it’s not great reading.
Sales across the group are down 27% year on year to €9.3 billion, with devices and services taking a 33% year on year hit down to €6.2 billion. In the first three months of 2009 they shipped 93.2 million mobile devices, down 19% year on year, and estimated market share at 37% (compared to 39% for the first quarter of 2008, but unchanged from Q4 2008).
Still, there is a little piece of good news amongst all the doom and gloom. The Nokia 5800 XpressMusic smartphone shipped 2.6 million units, bringing the total figure to more than 3 million since launch in late November 2008. In addition, net sales of €150m, up 79% year on year.
In a statement, Nokia’s CEO Olli-Pekka Kallasvuo said: “In what has been an exceptionally tough environment, we continue to invest in a focused manner in consumer Internet services delivered across our broad portfolio of mobile devices. Combined, these solutions will drive our future growth. As an example in Q1, I am especially pleased with the performance of our first mass market touch product, the Nokia 5800 XpressMusic. Together with Comes With Music, it is a great example of Nokia providing solutions that consumers value.
“Regarding the health of the overall mobile device market, the inventory already in the sales channels decreased substantially during Q1 due to extensive destocking by operators and distributors. This adversely impacted our sales volumes in the quarter. However, it has also resulted in the demand picture becoming more predictable as we enter the second quarter.”
3 UK reduces losses to £152m
Apr 13th
3G-only network 3 (H3G to it’s friends) has reduced pre-tax losses in the UK from £791 million to £152 million for the year to December 2008.
Revenue at the parent group, Hutchinson Whampoa of Hong Kong, is also up 18% to £1.5 billion.
The operator has 8% of the British market, equivalent to around 4.9 million customers. Enders Analysis’ James Barford told The Times: “The UK appears to be performing relatively well, growing at 11 per cent in a market that is now growing at only 2-3 per cent.”
Rumours of a merger with an existing larger mobile operator have been around for a while – being fuelled recently by the announcement of a deal in Australia where the group merged with the domestic operations of Vodafone and ditched the 3 brand. A recent infrastructure-sharing deal with T-Mobile in the UK could also pave the way to closer working with it’s competitors.
via 3 reduces its mobile phone losses in the UK to £152m – Times Online.
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