FT 3Q07: good

Publié le par Jean Arnal

FT posted better than expected results. 3Q07 revenues were up over 3% to €13.5bn, an EBITDA of about €5.1bn (+4%) and a gross margin of almost 38% (+ 0.3 points). Mobile revenues were up 5.6% to €7.6bn, while fixed and broadband business reported revenues up 1% to €5.7bn. The Enterprise unit had sales up 3.3% to €1.9bn. FT attributed the uprise in sales to a turnaround in mature markets (WE) and to emerging markets that provided more than half of FT' s revenue growth. In the wake of good results, FT has raised its outlook for the full year: stabilization of the gross margin, +10% in organic cash flow to €7.5bn, objective of capex at 13% of sales.

Publié dans Top stories

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