OSLO, Norway, April 24, 2014 (GLOBE NEWSWIRE) -- Please disregard this reminder if you already have registered to this event.
Hydro's first quarter results 2014 will be released at 07:00 CET (01:00 AM EST, 06:00 UK time), on Wednesday April 30, 2014. The quarterly report and presentation slides will be available on www.hydro.com at the same time.
Presentation in Oslo
Hydro will host a combined analyst and press conference, in English, at its corporate headquarters at Drammensveien 260, Oslo at 08:30 CET the same day. The presentation will be held by President and CEO Svein Richard Brandtzæg and CFO Eivind Kallevik and can also be seen on web TV.
To attend the presentation in Oslo, please register on firstname.lastname@example.org by April 28.
Q&A / Conference Call
There will be a Conference Call at 15:00 UK Time (16:00 CET, 10:00 AM EST,) the same day. The Q&A will be held by President and CEO Svein Richard Brandtzæg and CFO Eivind Kallevik.
The Q&A will be available for two months on www.hydro.com.
Dial-in numbers for the Conference Call:
|+47-23 16 27 87||Norway Toll|
|+44(0)20 3427 1911||UK Toll|
|+1-646 254 3388||USA Toll|
|+46(0)8 5033 6539||Sweden Toll|
CONTACT: Investor contact Contact Pal Kildemo Cellular +47 97096711 Press contact Contact Halvor Molland Cellular +47 92979797Source: Norsk Hydro
-- Acceleration of organic growth in the 1st quarter by 8.5% year-on-year in local currency
-- 1.6 million mobile net adds in Q1 taking the total customer base to 51.6 million
-- Africa accelerates with revenue growth close to 12% in the quarter in local currency
-- Cable grows by nearly 13% as we launched Tigo Star, our convergent offer proposition in Latin America and Tigo Sports, our first content product
-- MFS now has over 7.3 million customers and penetration exceeding 18% of our customer base where the service is offered
-- The transformation to a Digital Lifestyle company moves ahead, as demonstrated by DTH launching in Latin America today and our partnership with Facebook in Tanzania
-- EBITDA margin before corporate costs at 38.2% in Q1. After corporate costs, the margin was 34% demonstrating our financial discipline while investing in growth opportunities
STOCKHOLM--(BUSINESS WIRE)-- Delivering growth across four strategic pillars:
-- In Q1, our mobile data business continued to display strong growth with over 700k additions, improving penetration of mobile data within our mobile customer base to 20.9%, up from 15.1% in March 2013.
-- In Cable & Digital Media, the growth accelerated compared to Q4 13 at 12.8% in local currency helped by the launch of “Tigo Star” and “Tigo Sports”, our new cable and broadband service and TV channels. RGU per household increased by 3.5% to 1.40.
-- MFS penetration growth accelerated in the first quarter reaching 18.2% of our customers in the markets in which we offer the service. In Q1 we added over 1 million new customers, the strongest performers were Tanzania, El Salvador and Chad.
-- Our Online investments continued to expand across Africa and Latin America as we saw several ventures being launched both in new countries and Millicom mobile markets. We look forward to MTN joining this journey in Africa as we wait for final regulatory approvals. We expect the deal to be completed as planned in Q2 2014.
-- Q1 revenue of $1,405 million, growing 8.5% proforma in local currency (4% reported proforma)*. Revenue growth would have been 9.4% on a like-for-like basis**. The impact of forex movements was -4.8%.
-- Q1 EBITDA before corporate costs at $537 million (38.2% margin). After corporate costs the EBITDA reached $478 million, a 34.0% margin.
-- 2014 Q1 Capex of $163 million (11.6% of revenue).
* proforma: new consolidation perimeter
** Like-for-like: underlying organic growth excluding regulatory and one-off impacts
-- Starting from Q1 2014, Millicom fully consolidates Tigo Guatemala, while Mauritius and the Online businesses (in Africa and Latin America) are now equity accounted.
-- On January 30, 2014, Tigo Guatemala issued a 10 year $800 million bond. The proceeds from the bond were mainly used to refinance local and Millicom corporate debt. The bond carries a coupon of 6.875%.
-- In February 11, 2014, Millicom announced the appointment of Tim Pennington as Chief Financial Officer. Tim will be joining in June 2014.
-- In February 2014 Millicom launched Tigo Sports in Paraguay followed by Tigo Star in March 2014.
2014 guidance reiterated
Under the new consolidation scope(i) and at constant exchange rates, we expect revenue growth to accelerate at a mid to high single digit rate (versus comparable 5.5% in 2013). On a reported basis and at constant exchange rates, we expect revenue growth to exceed 15%. EBITDA margin will stabilize around the mid-30s% mark (after corporate costs). In 2014, we expect a capex to revenue ratio of around 19%, excluding spectrum and license acquisitions.
EBITDA Margin improvement from the full consolidation of Guatemala will be offset in 2014 by accelerating investments in growth opportunities in Africa and South America.
|$m||Q1 2014||Q1 2013 (iv)||% change (local currency)||YTD 2014||YTD 2013 (iv)||% change (local currency)|
|Group EBITDA (ii)||478||517||(3.7%)||478||517||(3.7%)|
|EBITDA margin||34.0 %||38.3%||(4.3ppt)||34.0 %||38.3%||(4.3ppt)|
|Normalized Net Profit (iii)||61||136||61||136|
(i) The new consolidation scope includes full consolidation of Guatemala and equity accounting for Mauritius and Online and excludes UNE.
(ii) EBITDA: derived by deducting cost of sales, sales and marketing costs and general and administrative expenses (including central costs) from revenue, and adding other operating income.
(iii) Net profit adjusted for items such as foreign exchange movements, movements in valuation of the put options (negative $21 million in Q1 2014), and deferred tax assets, goodwill impairment and one-off tax impacts, revaluation of previously held interests and results from associates, joint ventures and start-up ventures.
(iv) Proforma to reflect full consolidation of Guatemala, and equity accounting for Mauritius and Online
Delivering growth across all regions, all business units
“This quarter’s results demonstrate that we are delivering on our growth strategy in all regions with revenue rising by over 8%. Our investment in this growth is having the expected impact on our margins.
The turnaround in Africa continued with double-digit growth for the first time in eight quarters and South America maintained its strong performance, led by Colombia.
We transformed our cable business further with the launch of Tigo Star, the Tigo Sports channel and the start today of our first DTH service in Latin America.
Strong mobile data take-up is highlighted by our smartphones sales tripling in Q1 compared to Q1 2013 and content partnership with Facebook in Tanzania.
We have delivered on all four growth pillars with MFS just launched in Senegal, completing the lineup for Africa, and our online partnerships continued to expand.
There are challenges ahead. Foreign exchange pressure continues, with competitive intensity not easing and the constant threat of further regulation.
As for earnings, we are in line with guidance on margins as we continue this crucial but carefully controlled investment phase. We are determined to grow our EBITDA as we diversify into a true digital lifestyle company over the long term”
President and CEO,
Millicom International Cellular S.A.
Conference call details
A presentation and conference call to discuss results of the quarter will take place at 14.00 Stockholm / 13.00 London /08.00 New York, on Thursday 24 April, 2014. Dial-in numbers: + 46 (0) 850 520 204, + 44 (0) 208 515 2303, + 1 480 629 9692. Access code is: 4673601
A live audio stream of the conference call can also be accessed at www.millicom.com. Please dial in / log on 10 minutes prior to the start of the conference call to allow time for registration.
Slides to accompany the conference call are available at www.millicom.com .
Millicom is a leading telecom and media company dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing innovative and customer-centric digital lifestyle services to the world’s emerging markets, giving access to the world, primarily through mobile devices. The Millicom Group employs more than 10,000 people and provides mobile services, access to the internet, content and financial services to over 50 million customers. Founded in 1990, Millicom International Cellular SA is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol MIC. In 2013, Millicom generated revenue of USD 5.16 billion and EBITDA of USD 1.88 billion.
This press release may contain certain “forward-looking statements” with respect to Millicom’s expectations and plans, strategy, management’s objectives, future performance, costs, revenue, earnings and other trend information. It is important to note that Millicom’s actual results in the future could differ materially from those anticipated in forward-looking statements depending on various important factors.
All forward-looking statements in this press release are based on information available to Millicom on the date hereof. All written or oral forward-looking statements attributable to Millicom International Cellular S.A., and Millicom International Cellular S.A. employees or representatives acting on Millicom’s behalf are expressly qualified in their entirety by the factors referred to above. Millicom does not intend to update these forward-looking statements.
This information was brought to you by Cision http://news.cision.com
Contacts:Press:Julian Eccles, VP, Corporate CommunicationsTel: +44 7720 409374 / email@example.comInvestor Relations:Nicolas Didio, Director, Head of Investor RelationsTel: +44 7795 385217 / firstname.lastname@example.orgVisit our web site at http://www.millicom.com
Source: Millicom International Cellular
HELSINKI, Sweden--(BUSINESS WIRE)-- The Natalia Project (http://www.nataliaproject.org), the world's first assault alarm for human rights defenders, won two gold and one silver at the 53rd annual Guldägget Awards in Stockholm. PFO Tech (http://www.pfotech.com), suppliers of the GPS bracelet and tracking system, joined the creators of the project, RBK Communications (http://www.r-b-k.se/) and Civil Rights Defenders (http://www.civilrightsdefenders.org) at the ceremony.
The Guldägget is Sweden's oldest, largest and most prestigious competition in creative communication. For the Natalia Project, it was the culmination of being one of the most awarded digital campaigns of 2013, having earned recognition for using innovative technology to safeguard individuals at risk. In his acceptance speech, Robert Hårdh of Civil Rights Defenders said, "This campaign is for real, it saves lives."
The Natalia Project was launched in April 2013 as a security solution for human rights activists at risk. In the case of an assault, a wearer can directly notify the Civil Rights Defenders, as well as the world through social media. PFO Tech developed the assault alarm bracelet, GPS tracking system and social media integration behind the Natalia Project, opening the eyes of companies and organisations worldwide to the importance of enhancing the safety and security of their staff. The bracelet and system, which is easily integrated into individual company security platforms, now protects journalists and lone workers around the world.
PFO Tech (http://www.pfotechnologies.com/about/) is a Stockholm-based technology firm providing companies and organisations with GPS personal security systems, including tracking devices, mobile applications and hosting service.
This information was brought to you by Cision http://news.cision.com
PFO tech ABJohan Carlsson, CEO+46 8 300 email@example.com
Source: PFO tech AB
San Diego, CA (PRWEB) April 23, 2014
EmpoweredEzine.com is an article directory that focuses on articles and reviews that can help new business owners make the best decisions regarding their business ventures. With advice from experienced entrepreneurs and connections to top-rated industry professionals, the website's motto "Where knowledge equals power!" comes to fruition as the website seeks to empower new and potential entrepreneurs with the best information for their business needs. A recently featured article on Empowered Ezine continues to empower new business owners with a review of some unique small business ideas for 2014.
The new Empowered Ezine article says, "For a business owner, differentiating their business from the competition is one of the biggest challenges. However, there are some businesses that are so different that this is really the least of their concerns. There have been many successful offbeat and even downright strange businesses in the past and I personally can't wait to see what unique business ideas 2014 will bring. If you are looking for inspiration for a unique business to start, the following list might be helpful."
The article goes on to explain that, of course, as with any business venture, starting a unique business does have its advantages and disadvantages. Empowered Ezine notes that one of the possible downsides to starting a business that offers such an uncommon product or service is that often the business' customer base will be limited. However, the reverse of this coin is that those who are looking for the services or products offered by a unique business will not usually have many other options where they can look for it, so building a loyal client base is one of the perks of these businesses.
Empowered Ezine then looks at four different real unique businesses that have done quite well and prove that being different can pay off. These four unique businesses are:
• Calico Cat Café
• Wanderlust Mobile Vintage Boutique
• Thankster.com – Personalized "Handwritten" Thank-You Notes
• Rent A Goat
Empowered Ezine gives a brief review of each of these businesses and why they have become popular in their respective areas. For example, the article says of cat cafés, "Do you like cats and coffee or tea? Well chances are so do a lot of other people. Scratch that - definitely a lot of other people, since cat cafes are growing in popularity faster than anyone could have expected in places such as Tokyo. The Calico Cat Café, for example, serves all the café regulars – and also cats. Big, busy cities, where people often don't have time or space for pets, seem to be the perfect location for these grown up petting zoos. It may sound odd, but petting kitties and watching them rest and play while you enjoy your drink is actually very soothing, and something that many people miss out on when they don't have their own pets."
Lastly the article says, "These are just a few of the unique businesses 2014 might see more of. The trick to starting your own unique business is finding a niche that isn't being filled and researching the best way to fill it."
For more information on these unique business ideas for 2014, click here to read the full article on Empowered Ezine.
Read the full story at http://www.prweb.com/releases/empowered-ezine/unique-business-idea-2014/prweb11792036.htm
LUND, Sweden, April 24, 2014 (GLOBE NEWSWIRE) --
- On January 24, the laquinimod (Nerventra®) market application received a negative opinion by the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA).
- Teva has requested a re-examination of the CHMP's opinion.
- In February 2014, Teva decided not to proceed with the randomization stage of the planned LIBRETTO trial for the treatment of relapsing remitting multiple sclerosis (RRMS) since the current design is no longer aligned with the regulatory strategy.
- The ongoing US pivotal clinical study CONCERTO is continuing according to plan. The results are expected in 2016.
- In February 2014, Ipsen launched a randomized, double-blind, placebo-controlled Phase III study of tasquinimod in chemo-naive CRPC patients in Asia.
- The Phase III 10TASQ10 study is proceeding as planned; the primary analysis of progression-free survival (PFS) and overall survival (OS) is expected in 2014.
- In January 2014, paquinimod, for the treatment of systemic sclerosis, was granted orphan drug status by the US Food and Drug Administration (FDA). Orphan drug status in the US provides advantages such as market exclusivity for a period of seven years upon approval.
- Net sales 2.1 (2.4) MSEK
- Operating loss -59.2 (-77.0) MSEK
- Loss for the period -60.2 (-78.0) MSEK
- Loss per share -0.80 (-1.10) SEK
For further information, please contact:
|Tomas Leanderson, President and CEO Tel: +46 (0)46 19 20 95 Hans Kolam, CFO Tel: +46 (0)46 19 20 44||Active Biotech AB (Corp. Reg. No. 556223-9227) Box 724, SE-220 07 Lund Tel: +46 (0)46 19 20 00 Fax: +46 (0)46 19 11 00 The report is also available at www.activebiotech.com|
Active Biotech AB Interim report January - March 2014 http://hugin.info/1002/R/1779362/608017.pdf
HUG#1779362Source: Active Biotech
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