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Articles about Ebit

Santa Claus on his laptop

Santa brings Dixons £31m profits as ghost of Comet is laid to rest

Christmas has come early for the bosses of Dixons Retail Group, which has announced an encouraging boost in profits and sales. Dixons, which also owns Currys and PC World, said its sales were up thanks to steady cutting of less profitable subsidiaries. In the UK and Ireland, operating profits surged up to £31.4m, five times the …
Team Register, 17 Dec 2013

Cisco pilot seeks to determine UK impact of US-made channel schemes

Cisco is running a pilot with Gold-accredited channel partner Logicalis to ascertain the impact that sales programmes designed in the US have had on the operation in Britain. Vendors invariably construct schemes for channel players in their homeland and then distribute them globally without making any adjustments for local …
Paul Kunert, 29 May 2013

Credit insurer sets up 'task force' in wake of enormo UK IT biz failures

Trade credit insurer Atradius is setting up a specialist task force to analyse UK channel companies that have a high debt-to-assets ratio or have VC backing in the wake of recent high-profile and costly failures. As world + dog knows, High Street giant Comet hit the wall in December owing creditors £257m, costing the UK …
Paul Kunert, 15 Apr 2013

'Zombie hunter' task force unleashed on the UK tech biz

A special force of crack zombie hunters swings into action today to rid old Blighty of the shuffling scourge of undead firms surviving only to pay the interest on debts. The mission of the task force, whose formation was revealed by The Channel last month, is to build a profile of private equity backed businesses in the IT …
Paul Kunert, 13 May 2013
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SAP bruiser Itelligence gobbles rival Blueprint

Preposterously named SAP reseller Itelligence UK has swallowed rival Blueprint Management Systems (BMS) for an undisclosed sum. German-owned Itelligence has set its sights on becoming SAP's biggest Brit bruiser and the buy up of BMS adds a chunk of business intelligence and data warehousing revenues to the top line. "Our UK …
Paul Kunert, 05 Jul 2012
fingers pointing at man

Integrator Tieto slashing 1,300 jobs

Finnish IT services house Tieto is axing 1,300 jobs in a bid to wipe €50m from its overheads. The cuts, equating to 7 per cent of the workforce, come weeks after the firm flogged its UK operation to Sopra Group for an undisclosed sum and amid plans to expand the consultancy and system integration (CSI) practice. Kimmo Alkio, …
Paul Kunert, 20 Mar 2012
The Register breaking news

Three UK finally turns a profit

Three UK has finally turned a profit in the UK in its eighth year of operation – with some help from a network-sharing agreement with Everything Everywhere, after parent company Hutchison Whampoa reported its annual results. The figures gain from a one-time substantial benefit of £500m, which sees Three UK gain the use of 3,000 …
Andrew Orlowski, 30 Mar 2011
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Dixons' best chance? Quit the UK and move to Sweden

Dixons' best chance of surviving is to close its UK business and concentrate on its Scandinavian business. The cold-hearted claim comes from Morgan Stanley, which studied UK electrical retailing and found the whole sector is making losses. The analysts reckon there is more than 25 million feet 2 of selling space, but a serious …
John Oates, 14 Apr 2011
For Sale sign detail

Best Buy UK spent £200m on failed megastores

Best Buy's efforts to win over UK consumers were an expensive failure, costing some £200m to set up just 11 big box stores. The stakeholders of the joint venture US retailer Best Buy and the UK's Carphone Warehouse (CPW) yesterday pulled the plug on the business, as investing more capital in the roll-out of another 90 stores was …
Paul Kunert, 08 Nov 2011
The Register breaking news

Smartphone users are faithless slappers - survey

Smartphone users have little brand loyalty, according to a survey of global consumers by GfK. Only Apple comes out of it well, with 59 per cent of iPhone users inclined to a repeat purchase. Smartphones now have 29 per cent of the US market, according to a separate Nielsen survey today, and this is reckoned to reach 50 per cent …
Andrew Orlowski, 06 Dec 2010
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Morse sees profits return after restructure

Morse predicted a continuing "very challenging trading environement" as it unveiled a turnaround in profits in its first quarter this morning. The IT services group turned in total revenues of £47.1m for the quarter ending September 30, compared to £55.8m last year. But operating profit was £1.9m, compared to a loss of £500,000 …
Joe Fay, 15 Oct 2009
Morse

Morse loses CEO, warns on revenues

Morse said goodbye to CEO Kevin Alcock today as it unveiled a trading update which said full year revenues will come in below last year's. The IT services vendor said that it had experienced “some deterioration in short term services in the final quarter of the year as clients have reduced discretionary spend”. While first half …
Joe Fay, 08 Jul 2008
fingers pointing at man

Computacenter says profits 'materially' ahead of forecasts

Computacenter said its profits for 2009 will be well ahead of expectations, as it saw services grow in the last quarter and hardware buyers rush to beat the government's VAT increase. The reselling giant said profits before tax and exceptionals should come in "materially ahead of consensus expectations" of £48.4m. Exceptionals …
Joe Fay, 12 Jan 2010
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Carphone Warehouse enjoying 2009

Carphone Warehouse is bearing up as it prepares to bisect itself, despite Charles Dunstone's dire predictions. The company is already splitting its results into TalkTalk and Best Buy Europe in preparation for division, with the former reporting the addition of 47,000 broadband customers during the quarter while the latter has …
Bill Ray, 23 Jul 2009
The Register breaking news

Mobile phones: Where does the money go?

One of the oldest mottos at Vulture Central is Show Us The Money. There's one even better, I think, which is Show Us The Profits. Are there any? If there are, where are they going? At a stroke, this cuts through huge amounts of hype and puts entire industries (and, for good measure, almost anything WiReD magazine has ever …
Andrew Orlowski, 20 Aug 2010
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Carphone Warehouse splits in two

Carphone Warehouse has hit its financial targets for the year and confirmed it will split into two businesses - the telecoms biz TalkTalk and retail arm Best Buy Europe. CPW chairman Charles Dunstone said the two operate as effectively separate companies so the time is right to split them, and give shareholders a bit of each …
John Oates, 05 Jun 2009
fingers pointing at man

Medion issues profit warning

Shares in Medion AG, the German-based consumer electronics and PC maker, fell 22 per cent today, after the company issued a profit warning to the Frankfurt stock exchange. The company which sells through large retailers across Europe, says that profits for fiscal 2005 will be “significantly lower” than anticipated by analysts. …
Team Register, 06 Jan 2006
Flag Ireland

Horizon's Irish revenue falls

System integrator and IT distributor Horizon Technology Group said overall first-half revenue rose by 11 per cent to €146,305, but it saw profits tumble in Ireland. Horizon's Irish revenue was down 8.9 per cent to €27.9m compared to the same period of 2006. Despite the profits drop, the firm said it expected prospects to …
Kelly Fiveash, 06 Sep 2007
The Register breaking news

Infineon back in the black in Q4

Infineon returned to profitability during its fourth quarter, the chip maker said today, bringing a nine-quarter losing streak to an end. During the three months to 30 September, Infineon garnered sales totalling €1.76 billion, a 37 per cent increase year on year and 19 per cent higher than the previous quarter's figure. Net …
Tony Smith, 10 Nov 2003
The Register breaking news

Carphone Warehouse banks on US, iPhone to lift H2

Carphone Warehouse shrugged off any taint of economic gloom this morning as it predicted its second half will be buoyed by US expansion and the launch of new products like the iPhone in the UK. The mobile phone chain/operator/broadband provider struck its bullish stance as it unveiled first half results that showed revenues of £ …
Joe Fay, 08 Nov 2007
channel

Infineon sales slip - and will fall further

Memory maker Infineon saw earnings rocket during the first quarter of FY2005 despite modest sales gains. Revenue for the three months to 31 December 2004 totalled €1.82bn ($2.4bn), down on the previous quarter's $2.6bn but higher than the year-ago quarter's $2.1bn. Infineon blamed the sequential decline, which affected all of …
Tony Smith, 25 Jan 2005
The Register breaking news

Thus looks to spend and grow

Thus - the Scottish telco behind the Demon ISP - is still on the lookout to acquire new businesses. Or, as the company so eloquently put it in a trading update today: "We are continuing to explore opportunities to create additional value for shareholders from acquisition opportunities but only if this offers the potential to …
Tim Richardson, 30 Sep 2005
The Register breaking news

Infineon makes money out of memory chips shock

ComputerWire: IT Industry Intelligence Heavy investment in 300mm wafer production capacity and R&D has started to pay off for Infineon Technologies AG, which has started the year with strong revenue growth and a belief that it faces "further stable development of demand in most market segments." It claims to be the among the …
ComputerWire, 21 Jan 2003
The Register breaking news

DRAM up, telecom chips down – Infineon

Infineon blamed a deteriorating market for telecom chips for a pretty awful quarter. An upturn in DRAM prices and demand was not enough to compensate for the depressed state of what the company calls "wireline communications". But the performance of Infineon's memory products group shows that the company and DRAM market still …
Drew Cullen, 21 Jan 2002
The Register breaking news

Easynet invests more in LLU

Easynet plans to spend £3m upgrading and promoting its own brand of unbundled broadband. Easynet has earmarked £2m to upgrade its local loop infrastructure during the first three months of the year. A further £1m is to be splashed out in marketing and support costs. This additional investment comes as the UK broadband operator …
Tim Richardson, 24 Feb 2005
The Register breaking news

Freedom2Surf hooks up to LLU broadband

Easynet has signed up another ISP to take its unbundled wholesale broadband service. In December, Easynet unveiled LLUStream - a wholesale broadband service that the telco claims is between 30-35 per cent cheaper than BT. Using its own kit installed in BT exchanges via a process called local loop unbundling (LLU), Easynet …
Tim Richardson, 26 Apr 2005
The Register breaking news

Broadband helps Tiscali narrow loss

Italy-based ISP Tiscali reported today that continued demand for broadband has helped generate higher revenues for the pan-European outfit. Publishing year-end figures, the company reported total revenues of €902.7 million for 2003. Although the company made an EBIT (earnings before interest and tax) loss of €215.8 million, …
Tim Richardson, 12 Feb 2004
The Register breaking news

Growth at France Telecom, but there's that huge debt pile…

ComputerWire: IT Industry Intelligence France Telecom SA expects revenue this year to rise by 8% to 9% while it is looking for earnings at the EBITDA and EBIT levels to increase more than 15%. But this prediction, made as the Paris, France-based incumbent revealed third-quarter sales figures, is scarcely significant at a time …
ComputerWire, 30 Oct 2002
The Register breaking news

Airbus details restructuring plan

Airbus yesterday rolled out its "Power8" restructuring programme which will see the company shed 10,000 jobs over the next four years. The shake-up comes as the company struggles to deliver its much-heralded A380 - now roughly two years behind schedule - and in the face of "US dollar weakness" and "increased competitive …
Lester Haines, 01 Mar 2007