financial-performance
BankingNearly 80% of Banks Globally Remain in Nascent Stages of Their Hybrid Cloud Adoption
Top StoriesEa Lowers Bookings Expectation on Strong Dollar, Gaming Slowdown
Top StoriesHotel Group Accor Continues post-COVID Recovery After a ‘gorgeous’ Summer
BusinessMercedes-Benz Lifts Profit Forecast as Luxury Cars Boom
Nokia Quarterly Operating Profit Lags Expectation as Margin Drops
Date: October 20, 2022
STOCKHOLM (Reuters) -Nokia on Thursday reported quarterly operating profit below market expectations even as the Finnish telecom equipment maker continues to benefit from strong demand from phone companies as they roll out 5G. Third-quarter comparable operating profit rose to 658 million euros ($643.3 million) from 633 million last year, lagging the 690.6 million euro mean...
Ferragamo Sales Beat Forecasts in H1 Despite Slowdown in China
Date: September 7, 2022
MILAN (Reuters) -Revenues at Italian luxury group Salvatore Ferragamo topped market forecasts in the first half of the year despite a slight slowdown in the second quarter due to COVID-19 restrictions in China. Underpinned by sound growth in Europe and United States, sales rose by 17% at constant exchange rates to 630 million euros ($624...
PostNL Cuts Profit Forecast, Plans Price Increases to Cope With Higher Costs
Date: August 8, 2022
By Elitsa Gadeva (Reuters) -Dutch postal company PostNL on Monday cut its 2022 earnings outlook for the second time this year and said it would raise prices in 2023 to combat soaring costs and waning e-commerce volumes. Postal operators, who benefited from a surge in online shopping during coronavirus lockdowns, now face higher labour and...
Semiconductors and Energy Crucial Factors to Bmw Earnings – CEO
Date: August 3, 2022
BERLIN (Reuters) – Semiconductor production and energy supply in Europe will be decisive for BMW keeping its automotive segment earnings margin on target, chief executive Oliver Zipse said on Wednesday. “Semiconductor supply difficulties remain the dominant and decisive issue for our sales performance,” he said in a speech following second-quarter results. “Our EBIT margin in...
Volvo Cars July Sales Drop 21.5%, Sees Improvement Ahead
Date: August 3, 2022
OSLO (Reuters) -Volvo Car Group’s July sales were down 21.5% from a year earlier as supply chain problems continued to hamper production, but could rebound in the coming months, the Sweden-based automaker said on Wednesday. A shortage of semiconductors and other components has squeezed auto industry output and sales in recent quarters, but Volvo said...
UK’s Purplebricks Says Housing Supply to Stay Challenging; Posts Fy Loss
Date: August 2, 2022
(Reuters) -Britain’s biggest online-only estate agency Purplebricks reported an annual loss on Tuesday, mainly hurt by hurdles in implementing a new operating model and said it expects supply in the housing market to remain challenging. Purplebricks changed its business model in 2021 by making its sales agents permanent employees, while a Money Back Guarantee pricing...