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News Article | May 9, 2017
Site: globenewswire.com

Expo 2020 Dubai has chosen leading global logistics firm UPS (NYSE: UPS) to handle the logistics operations for World Expo 2020 Dubai, which is expected to attract millions of visitors between its opening day on October 20, 2020 through April 10, 2021. With more than 180 countries expected to participate and hundreds of thousands of visitors on peak days, the Expo will be one the most complex logistics projects UPS has tackled. As Official Logistics Partner, UPS will provide more than 27,000 square meters of warehouse space, equivalent to four soccer fields, and a team of 1,000 employees during the Expo. The team will rely on expertise as logistics sponsor in the 2012 Olympic Games in London and the 2008 Olympic Games in Beijing. The partnership agreement was signed by his Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee, and Jean-Francois Condamine, UPS President of the Indian Sub-continent, Middle East and Africa (ISMEA). The Expo 2020 theme, “Connecting Minds, Creating the Future,” provides a platform to foster creativity, innovation and collaboration globally. “Mobility is one of the key pillars of Expo 2020 Dubai,” said Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation and Director General, Expo 2020 Dubai Bureau. “We see it as the bridge to opportunity by connecting people, goods and ideas and providing easier access to markets, knowledge and innovation. UPS will play a key role – not only during Expo 2020 Dubai but long after the doors close in 2021.” Operating in the region since 1989, UPS will help establish Dubai as a transportation hub for global commerce connecting trade from the Middle East to China, Africa, Europe and the U.S. “We plan to expand UPS’s presence in the region by establishing capacity, technology and staff capabilities to serve customers shipping to and through Dubai, long after the Expo concludes,” said David Abney, UPS Chairman and CEO.  “An undertaking of this scale and sophistication requires a next generation network that is smart, efficient, and integrated. We share a vision of what the logistics of tomorrow will look like.” The United Arab Emirates is home to one of the world’s busiest airports, Dubai International, along with the port of Jebel Ali, the largest container port outside the Far East. Other Expo 2020 partnerships include Emirates Airlines, Accenture, Etisalat, DP World and SAP.  Dubai prepares to host the first World Expo in the Middle East, Africa and South Asia (MEASA) region. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS or follow @UPS_News. UPS has been operating in the region since 1989, with its headquarters in Dubai, United Arab Emirates (UAE). ISMEA is the largest UPS region in terms of geography with UPS service available in over 70 active countries. The UAE is a high growth market as well as the global cornerstone for commerce in the region. UPS operates 27 UPS flights weekly – 16 of them connect the European Union and Asia through Dubai airport. UPS has been operating in the United Arab Emirates since 1995, and currently offers a broad portfolio of Express, Freight and Logistics services to customers. Expo 2020 Dubai is guided by the belief that innovation and progress are the result of people and ideas combining in new ways. The global Expo aims to bring together hundreds of countries and millions of people to celebrate human ingenuity: “Connecting Minds; Creating the Future.” Millions of people are expected to visit the Expo between its opening day on October 20, 2020 and its close on April 10, 2021 – 70% of visitors expected to come from outside the UAE, the largest proportion of international visitors in Expo history. The global Expo will have over 200 participants including nations, multilateral organizations, businesses and educational institutions. It also has an ambitious 30,000 volunteer program. The Expo site is located within the Dubai South District, adjacent to Al Maktoum International Airport.


News Article | May 9, 2017
Site: globenewswire.com

Expo 2020 Dubai has chosen leading global logistics firm UPS (NYSE: UPS) to handle the logistics operations for World Expo 2020 Dubai, which is expected to attract millions of visitors between its opening day on October 20, 2020 through April 10, 2021. With more than 180 countries expected to participate and hundreds of thousands of visitors on peak days, the Expo will be one the most complex logistics projects UPS has tackled. As Official Logistics Partner, UPS will provide more than 27,000 square meters of warehouse space, equivalent to four soccer fields, and a team of 1,000 employees during the Expo. The team will rely on expertise as logistics sponsor in the 2012 Olympic Games in London and the 2008 Olympic Games in Beijing. The partnership agreement was signed by his Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee, and Jean-Francois Condamine, UPS President of the Indian Sub-continent, Middle East and Africa (ISMEA). The Expo 2020 theme, “Connecting Minds, Creating the Future,” provides a platform to foster creativity, innovation and collaboration globally. “Mobility is one of the key pillars of Expo 2020 Dubai,” said Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation and Director General, Expo 2020 Dubai Bureau. “We see it as the bridge to opportunity by connecting people, goods and ideas and providing easier access to markets, knowledge and innovation. UPS will play a key role – not only during Expo 2020 Dubai but long after the doors close in 2021.” Operating in the region since 1989, UPS will help establish Dubai as a transportation hub for global commerce connecting trade from the Middle East to China, Africa, Europe and the U.S. “We plan to expand UPS’s presence in the region by establishing capacity, technology and staff capabilities to serve customers shipping to and through Dubai, long after the Expo concludes,” said David Abney, UPS Chairman and CEO.  “An undertaking of this scale and sophistication requires a next generation network that is smart, efficient, and integrated. We share a vision of what the logistics of tomorrow will look like.” The United Arab Emirates is home to one of the world’s busiest airports, Dubai International, along with the port of Jebel Ali, the largest container port outside the Far East. Other Expo 2020 partnerships include Emirates Airlines, Accenture, Etisalat, DP World and SAP.  Dubai prepares to host the first World Expo in the Middle East, Africa and South Asia (MEASA) region. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS or follow @UPS_News. UPS has been operating in the region since 1989, with its headquarters in Dubai, United Arab Emirates (UAE). ISMEA is the largest UPS region in terms of geography with UPS service available in over 70 active countries. The UAE is a high growth market as well as the global cornerstone for commerce in the region. UPS operates 27 UPS flights weekly – 16 of them connect the European Union and Asia through Dubai airport. UPS has been operating in the United Arab Emirates since 1995, and currently offers a broad portfolio of Express, Freight and Logistics services to customers. Expo 2020 Dubai is guided by the belief that innovation and progress are the result of people and ideas combining in new ways. The global Expo aims to bring together hundreds of countries and millions of people to celebrate human ingenuity: “Connecting Minds; Creating the Future.” Millions of people are expected to visit the Expo between its opening day on October 20, 2020 and its close on April 10, 2021 – 70% of visitors expected to come from outside the UAE, the largest proportion of international visitors in Expo history. The global Expo will have over 200 participants including nations, multilateral organizations, businesses and educational institutions. It also has an ambitious 30,000 volunteer program. The Expo site is located within the Dubai South District, adjacent to Al Maktoum International Airport.


News Article | May 9, 2017
Site: globenewswire.com

Expo 2020 Dubai has chosen leading global logistics firm UPS (NYSE: UPS) to handle the logistics operations for World Expo 2020 Dubai, which is expected to attract millions of visitors between its opening day on October 20, 2020 through April 10, 2021. With more than 180 countries expected to participate and hundreds of thousands of visitors on peak days, the Expo will be one the most complex logistics projects UPS has tackled. As Official Logistics Partner, UPS will provide more than 27,000 square meters of warehouse space, equivalent to four soccer fields, and a team of 1,000 employees during the Expo. The team will rely on expertise as logistics sponsor in the 2012 Olympic Games in London and the 2008 Olympic Games in Beijing. The partnership agreement was signed by his Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee, and Jean-Francois Condamine, UPS President of the Indian Sub-continent, Middle East and Africa (ISMEA). The Expo 2020 theme, “Connecting Minds, Creating the Future,” provides a platform to foster creativity, innovation and collaboration globally. “Mobility is one of the key pillars of Expo 2020 Dubai,” said Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation and Director General, Expo 2020 Dubai Bureau. “We see it as the bridge to opportunity by connecting people, goods and ideas and providing easier access to markets, knowledge and innovation. UPS will play a key role – not only during Expo 2020 Dubai but long after the doors close in 2021.” Operating in the region since 1989, UPS will help establish Dubai as a transportation hub for global commerce connecting trade from the Middle East to China, Africa, Europe and the U.S. “We plan to expand UPS’s presence in the region by establishing capacity, technology and staff capabilities to serve customers shipping to and through Dubai, long after the Expo concludes,” said David Abney, UPS Chairman and CEO.  “An undertaking of this scale and sophistication requires a next generation network that is smart, efficient, and integrated. We share a vision of what the logistics of tomorrow will look like.” The United Arab Emirates is home to one of the world’s busiest airports, Dubai International, along with the port of Jebel Ali, the largest container port outside the Far East. Other Expo 2020 partnerships include Emirates Airlines, Accenture, Etisalat, DP World and SAP.  Dubai prepares to host the first World Expo in the Middle East, Africa and South Asia (MEASA) region. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS or follow @UPS_News. UPS has been operating in the region since 1989, with its headquarters in Dubai, United Arab Emirates (UAE). ISMEA is the largest UPS region in terms of geography with UPS service available in over 70 active countries. The UAE is a high growth market as well as the global cornerstone for commerce in the region. UPS operates 27 UPS flights weekly – 16 of them connect the European Union and Asia through Dubai airport. UPS has been operating in the United Arab Emirates since 1995, and currently offers a broad portfolio of Express, Freight and Logistics services to customers. Expo 2020 Dubai is guided by the belief that innovation and progress are the result of people and ideas combining in new ways. The global Expo aims to bring together hundreds of countries and millions of people to celebrate human ingenuity: “Connecting Minds; Creating the Future.” Millions of people are expected to visit the Expo between its opening day on October 20, 2020 and its close on April 10, 2021 – 70% of visitors expected to come from outside the UAE, the largest proportion of international visitors in Expo history. The global Expo will have over 200 participants including nations, multilateral organizations, businesses and educational institutions. It also has an ambitious 30,000 volunteer program. The Expo site is located within the Dubai South District, adjacent to Al Maktoum International Airport.


News Article | May 9, 2017
Site: globenewswire.com

Expo 2020 Dubai has chosen leading global logistics firm UPS (NYSE: UPS) to handle the logistics operations for World Expo 2020 Dubai, which is expected to attract millions of visitors between its opening day on October 20, 2020 through April 10, 2021. With more than 180 countries expected to participate and hundreds of thousands of visitors on peak days, the Expo will be one the most complex logistics projects UPS has tackled. As Official Logistics Partner, UPS will provide more than 27,000 square meters of warehouse space, equivalent to four soccer fields, and a team of 1,000 employees during the Expo. The team will rely on expertise as logistics sponsor in the 2012 Olympic Games in London and the 2008 Olympic Games in Beijing. The partnership agreement was signed by his Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee, and Jean-Francois Condamine, UPS President of the Indian Sub-continent, Middle East and Africa (ISMEA). The Expo 2020 theme, “Connecting Minds, Creating the Future,” provides a platform to foster creativity, innovation and collaboration globally. “Mobility is one of the key pillars of Expo 2020 Dubai,” said Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation and Director General, Expo 2020 Dubai Bureau. “We see it as the bridge to opportunity by connecting people, goods and ideas and providing easier access to markets, knowledge and innovation. UPS will play a key role – not only during Expo 2020 Dubai but long after the doors close in 2021.” Operating in the region since 1989, UPS will help establish Dubai as a transportation hub for global commerce connecting trade from the Middle East to China, Africa, Europe and the U.S. “We plan to expand UPS’s presence in the region by establishing capacity, technology and staff capabilities to serve customers shipping to and through Dubai, long after the Expo concludes,” said David Abney, UPS Chairman and CEO.  “An undertaking of this scale and sophistication requires a next generation network that is smart, efficient, and integrated. We share a vision of what the logistics of tomorrow will look like.” The United Arab Emirates is home to one of the world’s busiest airports, Dubai International, along with the port of Jebel Ali, the largest container port outside the Far East. Other Expo 2020 partnerships include Emirates Airlines, Accenture, Etisalat, DP World and SAP.  Dubai prepares to host the first World Expo in the Middle East, Africa and South Asia (MEASA) region. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS or follow @UPS_News. UPS has been operating in the region since 1989, with its headquarters in Dubai, United Arab Emirates (UAE). ISMEA is the largest UPS region in terms of geography with UPS service available in over 70 active countries. The UAE is a high growth market as well as the global cornerstone for commerce in the region. UPS operates 27 UPS flights weekly – 16 of them connect the European Union and Asia through Dubai airport. UPS has been operating in the United Arab Emirates since 1995, and currently offers a broad portfolio of Express, Freight and Logistics services to customers. Expo 2020 Dubai is guided by the belief that innovation and progress are the result of people and ideas combining in new ways. The global Expo aims to bring together hundreds of countries and millions of people to celebrate human ingenuity: “Connecting Minds; Creating the Future.” Millions of people are expected to visit the Expo between its opening day on October 20, 2020 and its close on April 10, 2021 – 70% of visitors expected to come from outside the UAE, the largest proportion of international visitors in Expo history. The global Expo will have over 200 participants including nations, multilateral organizations, businesses and educational institutions. It also has an ambitious 30,000 volunteer program. The Expo site is located within the Dubai South District, adjacent to Al Maktoum International Airport.


The telecommunications infrastructure company was founded in 1999 and has grown into one of the leading infrastructure companies in Africa. The Company offers an end-to-end suite of telecoms infrastructure solutions. --The telecommunications infrastructure company was founded in 1999 and has grown into one of the leading infrastructure companies in Africa. The Company offers an end-to-end suite of telecoms infrastructure solutions and counts blue chip mobile network operators MTN, Airtel and Etisalat among its customers. The Company currently has a footprint in Nigeria, Ghana, Zambia and South Sudan and plans to open offices in Uganda and Kenya early next year.The CEO of the telecommunications infrastructure company says: "We are excited to partner with, one of the premier Global private equity funds. We believe that's deep experience in the telecommunications sector and pan-African reach will be invaluable to us in our growth ambitions."The Regional Managing Director atadds: "With expanding coverage and capacity needs of leading mobile network operators in the increasingly competitive MNO space, we see tremendous growth potential in Africa's shared telecommunications infrastructure sector. Telecommunications Companies provide a strong value proposition to their customers allowing them to expand in a more capital efficient manner"."The telecommunications infrastructure company established track record of industry leading uptimes and long experience in managing tower infrastructure sets it apart from its competitors. Their combination of collocation, build-to-suit, deployment and active and passive managed services make the company ideally suited to provide best-in-class solutions and capitalize on the growth in this sector. We believe that's investment is just the beginning of a long-term partnership with the telecommunications infrastructure company. "Global Private Group is one of the largest and most experienced project finance groups in the world compromising more than 300 dedicated specialists in our offices worldwide who are fully qualified to provide financial services and products.Stable financing, efficient execution, expert solutions and customer service are how we help clients succeed.Our broad range of lending products in the areas of corporate lending and investment banking, combined with access to strong capital base; allows us to execute financing that supports your business objectives. Our deal professionals' industry expertise and attention to your goals during every step of the loan process allows us to offer solutions that help you achieve success.Visit http://www.globalprivategroup.com for details.


Information published on the occasion of the 2017 Annual Meeting of Shareholders Net asset value as of May 5, 2017: €8,146 billion, up 23.9% over 12 months to €172.9 per share First quarter consolidated net sales of €2,146.8 million, up 10.1% overall and 1.6% organically Finalization of the acquisition of 65% of the share capital of Tsebo, the pan-African leader in corporate services, on February 1, 2017 Robust investment activity of Group companies since the start of 2017 Three acquisitions finalized since the beginning of the year by Bureau Veritas to support the growth initiatives of Building & Infrastructure, Agri-Food and SmartWorld Allied Universal's acquisition of the security services division of Yale Enforcement on February 6, 2017 Constantia  Flexibles' acquisition of TR Alcucap S.r.l., the Italian leader in dairy product lids, on March 1, 2017 Stahl entered into an agreement to acquire the leather chemical business of BASF SE, announced on March 23, 2017. ·        Ordinary dividend of €2.35 per share, up 9.3%, to be proposed at today's Annual Shareholder's Meeting "Bureau Veritas and Saint-Gobain experienced a growth rebound in the first quarter of 2017. Several of our unlisted companies (Stahl and IHS in particular ) performed very well, while others saw a more modest but acceptable start to the year. In keeping with 2016, our companies also experienced sustained investment activities at the beginning of the year, with Stahl's announcement of the very attractive transaction to acquire the leather chemicals business from BASF. At the same time Wendel continued its investment activity, finalizing the acquisition of Tsebo, the pan-African leader in facilities, last February. The recent upturn in the markets, spurred by the calmer economic and political situation in Europe, allowed Wendel to achieve an all-time high Net Asset Value level, further reducing its loan-to-value ratio to 20.1%, thereby realizing steady improvement of our financial condition. All of these developments are a perfect beginning to our 2017-2020 strategic plan, announced last December. This strategic plan and the attendant value creation goals are intended to deliver a double-digit average rate of return for our shareholders, together with increasing dividend year-on-year and share buybacks, while continuing an investment strategy firmly oriented toward diversification, and preserving the strength of our company's financial structure." (2) Organic growth over 3 months, calculated on the basis of financial information reported in USD by Tsebo. Sales of companies accounted for by the equity method in Q1 2017 (1) Since August 1, 2016, the date the merger between AlliedBarton and Universal Services of America was finalized, Allied Universal has been consolidated by the equity method. In accordance with IFRS 5, AlliedBarton's activities in the first three months of 2016, until the merger with Universal Services of America, are presented in the income statement under "Net income from discontinued operations and operations held for sale". (2) Pro forma sales growth over three months was up 10.4 % (1.0 % organic growth), based on financial information reported by Allied Universal in USD. (3)In accordance with IFRS 5, the results of the IDMS division for 2016 have been included in "Net income from discontinued operations and operations held for sale" in exceet's financial statements, following the sale of this division. (4)Company accounted for by the equity method since August 2016. Bureau Veritas - Return to organic revenue growth in the first quarter of 2017, FY 2017 outlook confirmed Organic growth of 1.9% in 2017 is the result of: ·       The good performance of 4 out of 6 businesses which posted organic growth: Agri-food and Commodities (+0.6%), Building & Infrastructure (+4.5%), Consumer Products (+4.0%) and Certification (+10.6%); ·        A positive calendar effect in Q1 which will reverse in Q2. External growth was up 3.5%. Three acquisitions closed year to date supporting the Building & Infrastructure, Agri-Food and SmartWorld Growth Initiatives. Currency changes, notably the appreciation of USD and pegged currencies, as well as some emerging countries' currencies, against the Euro, had a +2.0% impact. The Marine & Offshore business posted negative organic growth (-1.4%) in the first quarter 2017, driven by: Revenue for the Agri-Food & Commodities businesses increased by 0.6% organically, with mixed performances across sub-segments: The Oil & Petrochemicals segment (39% of divisional revenue) reported 2.2% organic growth, reflecting good growth in Europe. The Metals & Minerals segment (26% of revenue) reported 2.3% organic growth, with overall Trade activities back in positive territory in the quarter, supported by European and Asian operations, and Upstream activities (excluding Coal) showing good growth, mostly driven by Australia. Agri-Food (19% of revenue) reported a 3.8% decline in the quarter, owing to a contract termination in inspection for Agri products and bad crop conditions in Latin America, as well as a seasonal slowdown for fertilizers in Europe, not compensated by better performances in the Food space. In the quarter, Bureau Veritas finalized the acquisition of Schutter[1], expanding its footprint in agri-commodities in Europe, South America and Asia. Government Services (16% of revenue) was down by 2.6% in the quarter still impacted by lower volume and value of imports intended for West African countries and further decline in the Iraqi program. Organic growth in Industry was down by 1.8% in the first quarter 2017, as Oil & Gas Capex-related activities retreated further, although at a slower pace than in previous quarters (-9% vs.-20% in the fourth quarter 2016 at Group level).  Other end-markets were generally better oriented, including the in-service inspection for industrial assets and the Automotive activities. Building & Infrastructure revenue increased by 4.5% organically with a stronger organic growth in construction-related activities (57% of revenue), and a more GDP-like growth in the buildings in-service activities (43%). The Group recorded very strong organic growth in the Americas (14% of revenue), driven in particular by regional expansion (Chile, Colombia, Argentina) for new construction projects. Growth was also strong in Asia (20% of revenue), where the Group's construction business in China grew by 10% on an organic basis, driven by growth in energy and infrastructure project management, sectors where Bureau Veritas has built strong positions. Growth in Europe (61% of revenue) was slower, driven by subdued growth in France (46% of revenue) due to a lack of housing starts and postponements of projects in the context of the presidential election. Sales were good, and numerous opportunities will arise from the Grand Paris project. Certification business revenue increased by 10.6% organically, with a strong performance across all major service categories and regions. This quarter benefited from a positive calendar effect, which will reverse in the second quarter. The Consumer products business demonstrated robust organic growth of 4.0%, with growth across all regions and categories. Electrical & Electronics (34% of revenue) was the best performing category, driven by Automotive and Mobile testing. Softlines (36%) was in line, while a strong-performing Hardlines business more than offset the decline in Toys. China's domestic market was a positive contributor to the performance, with Automotive spearheading growth. The acquisition of Siemic[2] enhances Bureau Veritas' presence in SmartWorld and Automotive, both in China and in the USA. Bureau Veritas expects the global macroeconomic environment to remain volatile in 2017, with persistent weakness in the oil & gas and shipping markets. Thanks to its diversified portfolio and the ramp-up of its Growth Initiatives, Bureau Veritas expects organic revenue growth to be slightly positive for the full year. Growth in the second quarter of 2017 will be penalized by an adverse calendar effect and deterioration of Marine revenue. Bureau Veritas confirms its outlook of an adjusted operating margin of circa 16%. Cash flow is expected to improve compared to 2016. At the Bureau Veritas annual shareholders meeting, held on May 16, 2017, shareholders approved the payment of a dividend of €0.55 per share in respect of the 2016 financial year. The ex-dividend date is May 18, with a payment date of May 22, 2017. Q1 2017 sales totaled €518.3 million, up 3.9% compared with Q1 2016 (€498.7 million published), of which 1.9% was organic growth. Fluctuations in exchange rates had a positive impact of 1.8%, mainly deriving from the appreciation of ZAR, USD and RUB, and 0.2% resulted from changes in scope, specifically acquisitions of Pemara and Oai Hung and sale of non-core activity of folding carton in Mexico. The growth in Constantia Flexibles' sales was achieved primarily through strong volume increases of film-based products across all markets. The Food division's sales totaled €294.6 million in Q1 2017, up 3.4%. The division's organic growth was 1.0%, mainly driven by growth in Europe, compensating the shortfall in other regions. In Q1 2017, sales in the Labels division rose organically by 0.9% to €152.1 million, or a total growth of 8.9%. Growth was driven principally by the acquisition of Pemara. Pharma division sales increased by 13.7% to €87.7 million in Q1 2017. Organic growth was 6.2%, driven mainly by blister lidding and high value laminates. Constantia Flexibles carried on its selective acquisition strategy, with the acquisition of Alucap, Italy's leading dairy lidding company, and San Prospero, an Italian leader for the printing operations of flexible alufoil dedicated to pharmaceutical markets. These companies are not consolidated in Q1 2017 figures. On another note, Constantia Flexibles has received various indications of interest in the Labels division, which are currently being examined, and which Constantia Flexibles believes leave open the possibility of expressions of interest from other investors. During the first quarter 2017, Cromology had sales of €175.2 million, up 3.9% compared to first quarter 2016 (organic growth up 2.1%). Acquisitions completed in 2016 (the Natec brand in France and the Jallut paint business in Switzerland) contributed to a 2.0% growth in sales. Currency fluctuations had a mildly negative impact of 0.1% on sales. Cromology's business benefited from the return of growth in France (up 3.5%; organic growth up 2.6%) with favorable developments in commercial activity seen since February, and continued double-digit growth (27.3%, with organic growth of 9.0%) in the rest of the world (excluding Argentina). In Argentina, 2016 sales (4.7% of total sales) declined by 4.1% owing to difficult economic conditions. Lastly, sales in the first quarter of 2017 in southern Europe were steady compared to first quarter 2016. Stahl - Total growth of 10.4%, boosted by a sharp rise in volumes in all divisions. Agreement to acquire the leather chemical business of BASF. Stahl's first-quarter 2017 sales totaled €175.0 million, up 10.4% from first quarter 2016. This increase was driven by organic growth of 5.2% combined with a positive scope effect of 4.1% tied to the acquisition of Eagle Performance Products in November 2016. The top line also benefited from favorable year-on-year exchange rate fluctuations (+1.1%), as the dollar and the Brazilian real appreciated against the euro. Organic growth at Stahl reflected a 6.6% increase in volumes, driven by ongoing double-digit growth within the Performance Coatings business and strong volume growth within the Leather Chemicals business. Stahl pursued its acquisition strategy, signing an agreement on March 22, 2017 to acquire the leather chemicals assets of BASF, one of the world's largest chemical products companies. The combination of the two businesses generated pro forma net sales[3] of ca. €850 million and pro forma EBITDA1 of more than €200 million (on a 2016 basis). Stahl also expects to generate synergies at the EBITDA level, to be achieved over the 24 months following the closing of the transaction. In exchange for contributing its assets to Stahl, BASF will receive 16% of the equity of Stahl and a cash consideration of ca. €150 million[4]. Stahl will welcome BASF as a shareholder alongside Wendel who will remain the controlling shareholder of the company (ca. 63%), Clariant (ca. 19%) and other minority shareholders[5]. The transaction is planned to be finalized in the fourth quarter of 2017, subject to the necessary regulatory approvals. IHS - Continued growth in sales, collocation rate and number of towers IHS' Q1 2017 sales totaled $271.7 million, up 17.4% from Q1 2016, in spite of the c.40 % Naira devaluation in June 2016. Sales increase was driven by the growth in tenancy ratio and the acquisition of HTN towers being consolidated since June 2016. At the end of March 2017, total number of towers increased to 24,772[6], up 12.2%. Point-of-Presence lease-up rate increased by 11% year-on-year. As the Central Bank of Nigeria abandoned its currency peg, the Naira depreciated in 2016 and the availability of US$ remains challenging for many Nigerian companies. As per the situation at Etisalat Nigeria related in the press, this IHS customer is paying the majority of its quarterly invoices, while the discussions among its shareholders and key lenders are still ongoing. On May 2nd, 2017, IHS' Nigerian subsidiary received the Business Day Most Innovative Telecoms Infrastructure Company of the Year Award, recognising the strong leadership, high quality operations and the rollout of innovative technology solutions of IHS in Nigeria. Allied Universal - Total growth[7] of 10.4 % in the first quarter of 2017 (Since August 1, 2016, the date the merger between AlliedBarton and Universal Services of America was finalized, Allied Universal has been consolidated by the equity method. In accordance with IFRS 5, AlliedBarton's activities in the first three months of 2016 are presented in the income statement under "Net income from discontinued operations and operations held for sale"). Allied Universal's first-quarter 2017 revenue totaled $1,279 million, up 10.4% in total[8] from Q1 2016, of which 1.0% was organic growth. This organic revenue growth reflects growth legacy Allied Universal business from new starts net of customer losses, both lower than previous year, combined with growth at existing customers. Organic growth does not account for the negative impact of one fewer day in Q1 2017 versus Q1 2016 and excludes the strong organic growth of businesses acquired since the beginning of 2016; factoring in these items, growth would have been 3.2%.1 First quarter bookings (customer wins in the period) increased by 3.6% vs. prior year. Since the start of the year, Allied Universal has continued to pursue its acquisition strategy, purchasing the Security Services Division of Yale Enforcement Services. This division employs more than 1,800 people and its annual sales total $40 million. Allied Universal also acquired select contracts from Lankford Security on April 1, 2017. The post-merger integration process is moving forward as planned, and nearly all planned actions to realize cost savings have been taken and the resulting synergies have begun to be reflected in Allied Universal's earnings. Lastly, in April, Allied Universal successfully re-priced one tranche of its First Lien Term Loan facilities. With this re-pricing, Allied Universal expects to reduce the annual interest expense on its outstanding credit facilities by ca. $11 million. Saint-Gobain's consolidated revenue for the first quarter 2017 was €9,937 million. On a like-for-like basis sales rose 7.6%, driven by a clear improvement in volumes (up 6.0%) in all Business Sectors and regions, also supported by a favorable calendar impact of around 3%. Prices continued their rise from the second half of last year, up 1.6% over the quarter in a more inflationary cost environment. All of our regions were able to report a positive price impact, including France and North America. The currency impact was slightly positive at 0.4%, mainly due to the depreciation of the euro against the Brazilian real and the US dollar, partly offset by the fall in the pound sterling. The positive 0.8% group structure impact primarily reflects acquisitions made in Asia and emerging countries (Emix, Solcrom), in new niche technologies and services (H-Old, Isonat, France PareBrise), and to further strengthening in Saint Gobain's positions in Building  Distribution. Flat Glass continued to show upbeat growth, with sales up 9.4%, aided partly by the positive calendar impact and once again led by emerging countries in the construction and automotive segments. ·        Interior Solutions advanced 6.2%, with volume growth supported by a positive calendar impact, and an increase in prices in a strong cost inflation environment. ·        Exterior Solutions sales rose 11.8%, boosted in particular by a sharp rise in Exterior Products volumes owing mainly to stockpiling by distributors before the expected price rise and to favorable weather conditions in the US. Building Distribution sales were up 7.9%, including a favorable calendar impact of around 3%. France (up 4.6%) confirmed its improvement, benefiting from a dynamic new-build market and a positive calendar impact. Renovation remained hesitant. The price effect moved back into slightly positive territory. Other Western European countries (up 8.3%) delivered further growth, also helped by a favorable calendar impact. Good market conditions continued to benefit the Nordic countries and the UK, while Germany saw more moderate growth. North America reported 8.2% sales growth led by construction. Industry was up slightly overall, despite contrasting trends between end-markets. Asia and emerging countries continued on a strong trajectory, growing 10.5%. Trading was again robust in all regions, despite Brazil remaining slightly down. In line with its February objective, Saint-Gobain is targeting a further like-for-like increase in 2017 operating income at constant structure and exchange rates. At its meeting of February 23, 2017, Saint-Gobain's Board of Directors decided to recommend to the June 8, 2017 Shareholders' Meeting a return to a full cash dividend policy, with the dividend stable at €1.26 per share (vs. €1.24 per share in 2015). Through Oranje-Nassau Développement, Wendel brings together opportunities for investment in growth, diversification and innovation. In particular, it has invested in France (Mecatherm), Germany (exceet), Japan (Nippon Oil Pump) and the United States (CSP Technologies), as well as in Africa (Tsebo, Saham group and SGI Africa). Mecatherm - Sharp decline in revenue in the first quarter of 2017 due to the mid-2016 slowdown in orders taken As announced, substantial slowdown in order intake in mid-2016 depressed Mecatherm's first quarter 2017 activity. Sales for the quarter totaled €19.4 million, down 32.0% from first quarter 2016, which was especially high following a significant level of order intake in 2015. After order intake rebounded in the second quarter of 2016, Mecatherm's commercial activity at the beginning of 2017 suffered from delayed investment decisions, in particular in Mecatherm's core market, "standard" bread, in mature countries. Order intake was €82.2 over twelve months at the end of March 2017, a 20.7% drop compared to 2016. The amount of business under consideration nevertheless remained high. In this context of slowing order intake, sales are expected to be lower over the first half as well as full-year 2017. The Wendel teams are working in close collaboration with Mecatherm's management to stimulate commercial activity, re-establish the order intake level, and prepare Mecatherm for changes in the industrial bread market, with special attention to services, digitalization and technological innovation. Nippon Oil Pump (NOP) - Healthy growth in sales of 6.4 % over the first quarter In the first quarter of 2017, NOP had sales of ¥1,391 million (€11.5 million), up 6.4 % compared to the first quarter of 2016 (¥1,308 million), and organic growth of 6.8%. The increase in sales resulted from activity in Japan, Taiwan, Europe and India, as well as the increase in sales prices. On May 5, 2017, Toshihiko Shirabe, the former Vice President for Japan, Korea and Greater China at Lloyd's Register, replaced Masato Nakao as CEO of NOP. CSP Technologies posted sales of $31.0 million in Q1 2017, representing total growth of 9.3% compared with Q1 2016, mainly as a result of the full quarter impact of Maxwell Chase, acquired in mid-March 2016. Organic growth was down 5.1%, impacted mainly by the anticipated decrease in confectionary sales (a customer partially insourced its production in Q2 2016) and lower cups sales. These reductions in organic sales were however partly offset by significant growth in the OTC business. Foreign exchange rate fluctuations had a negative impact of 0.9% quarter over quarter. Tsebo - Organic growth of 6.2 % driven by the strong growth of Facilities Management, Cleaning and Catering Tsebo is continuing its development through commercial dynamism and pursuing its strategy of selective acquisitions to enlarge its footprint in Africa. On February 1st 2017, Wendel invested €159 million[9] in Tsebo via Oranje-Nassau Développement and holds a 65%[10] stake in the company, alongside Capital Group Private Markets (35%2). Tsebo is about to finalize the implementation of its target BEE structure for its South African subsidiary, involving an investment from the WDB Investment Holdings, a BEE investor promoting the economic empowerment and social upliftment of women in South Africa. With this transaction, Tsebo's objective is to maintain the highest possible BEE rating and to continue walking the "BEE excellence" journey initiated several years ago. exceet - Improving group performance, step-by-step, with a total growth of 12.4% in Q1 In Q1 2017, exceet reported sales of €35.4 million, up 12.4% from the year-earlier period, of which +11.5% organically.The sales performance of exceet in Q1 2017 confirmed the recently encouraging trend as the group now has reached on a year-on-year basis top line organic growth for the fourth consecutive quarter. exceet's clear focus on the promising markets of smart and secure electronics allows the group to gain gradually ground from a solid base. The actual double-digit organic growth (+11.5%) in the reporting quarter is reflecting the promising order backlog figures recorded at 31 December 2016 and a slowly unwinding customer reluctance as new products offer convincing market potentials. On May 2, 2017, exceet Group SE has been informed by the potential buyer, who negotiated with its major shareholder Oranje-Nassau Participaties B.V. regarding the acquisition of approx. 27.8% of the voting share capital of the company, that he refrained from further negotiations and therefore he will not make a tender offer. Aggregate first-quarter 2017 revenues[11]for the Saham group were MAD 4.02 billion, up 7.1% from first quarter 2016. With sales and exchange rates at constant structure, the rate of aggregate revenue growth was 10.3%. Insurance activities posted total growth of 7.2% in the first quarter of the year, thanks to robust organic growth of 9.6%. All insurance entities saw increases in gross premiums during the period, with organic growth of 3.1% in Morocco (40% of gross premiums), 5.2% in the Middle East, 8.2% in sub-Saharan Africa, 15.4% in Nigeria (Continental Ré) and a very strong rebound in activity for Saham Angola Seguros. Currency fluctuations had a negative impact of 2.7% on aggregate revenues for first quarter 2017, mainly due to the devaluation of the Nigerian Naira in June 2016. As announced in December 2016, Sanlam increased its stake in Saham Finances (the Saham group's insurance arm) by 16.6% for $329 million. Following the completion of this transaction on May 10, 2017, Sanlam now holds 46.6% of the share capital of Saham Finances. Customer relationship centers activity confirmed its good performance, with organic growth of 18.6% compared to the first quarter 2016, notably due to Phone Group's strong commercial activity in Morocco, Côte d'Ivoire and Senegal, as well as the momentum of Ecco in Egypt, whose performance was nevertheless impacted by the devaluation of the Egyptian pound at the end of 2016. Saham Group is also pursuing the growth and development of its Healthcare, Education and Real Estate businesses, with priority on Morocco. In Real Estate in particular, marketing continued for two projects in Morocco, with more than 70% of target revenues secured at the end of March 2017. Net Asset Value was €8,146 million or €172.9 per share as of May 5, 2017 (see detail in appendix 1 below), vs. €139.6 on May 23, 2016, representing a rise of 23.9% over 12 months. The discount to NAV was 27.9% as of May 5, 2017. Since the start of 2017, NAV per share was up 12.4%. As a reminder, NAV was calculated at May 5, 2017 in accordance with the method for valuing listed assets based on the average closing price for the last 20 trading days (from April 5 to May 5, 2017). Significant events since the beginning of 2017 Wendel has finalized the acquisition of 65%[12] of the share capital of Tsebo. Following the September 2016 announcement that Wendel had signed an agreement to acquire Tsebo, Wendel announced on February 1, 2017 that it had obtained all necessary authorizations and completed the acquisition of 65%2 of the share capital of Tsebo Solutions Group, the pan-African leader in corporate services for a total enterprise value of ZAR 5.25 billion (ca. €362 million[13]). Wendel has invested €159 million[14] in Tsebo via Oranje-Nassau Développement and holds a 65%2 stake in the company, alongside Capital Group Private Markets (35%2). After the agreement to acquire Tsebo was signed, Wendel implemented hedging contracts that led to a net gain of €3.5 million. The transaction was also financed by bank borrowings of ZAR 1.85 billion from Standard Chartered Bank, Investec Bank and Nedbank. Tsebo also has a ZAR 150 million revolving credit and a ZAR 325 million line of credit to finance future acquisitions. Wendel and Capital Group Private Markets will continue to support Tsebo's acquisition strategy through additional investments, if necessary. In November 2016, Wendel purchased an additional 2.8 million Bureau Veritas shares that it did not intend to keep over the long term. The shares were purchased because Wendel believed their price had fallen too far, and was able to buy them at an average price of €17.05 per share. It was stated that those shares would be resold when the share price reflected the gradual increase expected from the strategic plan and growth initiatives. After a first quarter posting organic growth of 1.9% and growth of 4.6% from strategic initiatives, Wendel felt this momentum was ongoing. The 2.8 million shares were sold recently at an average price of €21.50. Wendel thus achieved a capital gain of €12.4 million. In accordance with IFRS 10, this result will be recognized in "changes in shareholders' equity" in Wendel's consolidated financial statements. Following this transaction, Wendel holds 40.6%[15] of Bureau Veritas' share capital and 56.1% of theoretical voting rights. Since announcing its annual results, Wendel has acquired 120,631 Wendel shares in the market, for a total of €14 million, and now holds 1.4 million treasury shares, or 3% of its share capital. In this way, the company was able to take advantage of the wide share price discount. 2018 Shareholders' Meeting / Publication of NAV and trading update (before Shareholders' Meeting) Wendel is one of Europe's leading listed investment firms. The Group invests in Europe, North America and Africa in companies that are leaders in their field, such as Bureau Veritas, Saint-Gobain, Cromology, Stahl, IHS, Constantia Flexibles and Allied Universal. Wendel plays an active role as industry shareholder in these companies. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel is also a shareholder of exceet in Germany, Mecatherm in France, Nippon Oil Pump in Japan, Saham Group, SGI Africa and Tsebo in Africa, and CSP Technologies in the United States. Wendel is listed on Eurolist by Euronext Paris. Standard & Poor's ratings: Long-term: BBB-, stable outlook - Short-term: A-3 since July 7, 2014. Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" in 2012. Follow us on Twitter @WendelGroup and @_FLemoine_ Assets and liabilities denominated in currencies other than the euro have been converted at exchange rates prevailing on the date of the NAV calculation. If co-investment conditions are realized, there could be a dilutive effect on Wendel's percentage ownership. These items have been taken into account in the calculation of NAV. See page 262 of the 2016 Registration Document. [3] Excluding the pro-forma impact of Stahl's 2016 acquisitions (Eagle Performance Products and Viswaat Leather Chemicals). [4] To be adjusted at closing depending on leverage and working capital. [6] Tower count is 22,560 excluding managed services and WIP as of March 31, 2017 [7] Reflects pro forma growth as if the merger had been completed on January 1, 2016 and adjusted for the calendar effect. [8] "Total" growth reflects reported revenue growth as if the merger had been completed on January 1, 2016 and adjusted for the calendar effect. 2 Reflects growth as if the merger had been completed on and all acquired companies had been owned as of January 1, 2016 and adjusts for the impact of one fewer day in 2017 vs. 2016. [10] Percentage ownership before co-investment by Tsebo's managers of approximately 2.5% of share capital. [11] Sum of 100% of revenues for all entities in the Saham Group, unaudited. [12]Percentage ownership before co-investment by Tsebo's managers of approximately 2.5% of share capital.


News Article | April 24, 2017
Site: globenewswire.com

On the occasion of the publication of this press release, Abdeslam Ahizoune, Chairman of the Management Board, stated: "In a context marked by a tightening of environmental and competition regulations, Maroc Telecom Group good results for this first quarter of 2017 prove the relevance of its development model, which is based on an effective commercial dynamic that is centered on technological innovation and services adapted to the needs of its customers. In a parallel fashion, the Group pursues its costs optimization, to sustain its margin rates and strengthen its profitability. Its investment capacity, which is thus preserved, enables the Group to pursue a strategy whereby it stands out for the quality of its networks and services in its markets both in Morocco and in the Sub-Saharan Africa." * The exceptional items corresponding to the capital gain on the disposal of real estate for 295 million Moroccan Dirhams at the first quarter of 2016 and restructuring costs for 183 million Moroccan Dirhams at the first quarter of 2017 The number of Group subscribers reached more than 54 million at end March 2017, up 2.7% over one year, mainly driven by the growth of the Mobile and Internet customers in Niger, Ivory Coast, Togo and Gabon thanks to continuous market share gains. As of end of March, 2017, Maroc Telecom Group reported consolidated revenues(3) totaling 8,517 million Dirhams, down 2.7% (-1.9% at constant exchange rates), notably due to the unfavorable calendar effect and important reductions in call termination rates in Morocco and internationally. At end of March 2017, Maroc Telecom Group earnings from operations before depreciation and amortization (EBITDA) amounted to 4,242 million Dirhams, up 0.7% from the previous year (+1.4% at constant exchange rates). This performance is explained by the intensification of programs seeking to cut operating costs, which drop by 2.0% at constant exchange rates, and the favorable impact of the reduction in mobile termination rates in the African subsidiaries. The EBITDA margin has risen by 1.6 pt in a year, and established to the high level of 49.8%. At end of March 2017, consolidated earnings from operations(4) (EBITA) for Maroc Telecom Group stand at 2,466 million Dirhams, including 183 million Dirhams of restructuring costs relative to the voluntary redundancy plan launched in Morocco at the end of 2016. Excluding this one off impact and  the capital gain realized following the disposal of a real estate asset in the first quarter of 2016 (295 million Moroccan Dirhams), Maroc Telecom Group EBITA rose by 2.1% at constant exchange rates, due to the 1.4% improvement in EBITDA. The voluntary redundancy plan in Morocco launched in December 2016 has benefited a total of 1,017 employees, for a global cost of 569 million Dirhams. For the first quarter 2017, the Group share of net income came to 1,366 million Dirhams, after booking restructuring costs in the amount of 128 million Moroccan Dirhams after tax. Apart from this effect and the real estate capital gain realized in the first quarter of 2016, the group share of net income rose by 8.7% (at constant exchange rates), notably due to the success of the restructuring of the new subsidiaries which net income, in total, is positive now. Cash flows from operations (CFFO)(5) are down 49% as compared with the same period of 2016, to 1,350 million Dirhams, after making payment of 435 million Dirhams for licenses in the Ivory Coast and Togo and of 553 million Dirhams for the voluntary redundancy plan in Morocco. The remaining part of the restructuring charge will be disbursed in the second quarter of 2017. During the first quarter of 2017, operations in Morocco generated revenues of 5,024 million Dirhams, down 2.6% as a result of the reduction in revenues from the Mobile (- 3.6%) and Fixed (-1.2%) activities in rather unfavorable regulatory and competition contexts. The re-establishment of a 20% asymmetry on mobile call termination rates as from the beginning of March and the incoming international revenue decrease are partially offset by the upturn of both mobile (+58%)  and fixed data revenues (+7%). Earnings from operations before depreciation and amortization (EBITDA) stand at 2,643 million Dirhams, down slightly by 1.4% vs the same period of the previous year, thanks to the 1.8% reduction in operating costs reflecting the first positive effects of the voluntary redundancy plan. The EBITDA margin rose by 0.6 pt and reached a high level of 52.6%. Earnings from operations (EBITA) was 1,534 million Dirhams, following the booking of an additional restructuring charge of 183 million Dirhams, connected with the voluntary redundancy plan. Aside from this effect, EBITA in Morocco would have dropped by just 2.8%, due to the 1.4% reduction in EBITDA and the 1.4% rise in amortization expenses following the major investments pursed by Maroc Telecom to modernize its networks and deploy 4G+. During the first three months of 2017, cash flows from operations in Morocco stood at 988 million Dirhams, due to the payment of 553 million Dirhams in indemnities under the scope of the voluntary redundancy plan. Restructuring operations aside, these flows dropped by just 2.0% due to the reduction in EBITDA and the 20% rise in investments. As of March 31, 2017, the Mobile subscriber base(6) reached 18.4 million, up 0.3% in a year, thanks to the 4.0% rise in postpaid subscribers, whilst the prepaid remained stable (-0.1%). With the establishment of a 20% asymmetry on termination rates in favor of competing operators since March 1st, 2017 and a decrease in incoming international traffic, Mobile revenues came to 3,275 million Dirhams, down 3.6% over the same period of last year. The outgoing revenues invoiced to customers are up by a solid 2.1% thanks to the success of Maroc Telecom mobile data offers which more than offset the drop in Voice, despite the unfavorable calendar effect. Blended ARPU(8) for the first three months of 2017 was 56.6 Dirhams, down by 4.1% compared to the same period in 2016. The rise in data services(9) continued with an 85% increase in traffic and a 19% increase in the mobile Internet customer base, supported by the rapid expansion of 3G and 4G+ networks covering 87% and 74% of the population respectively. At the end of March 2017, the Fixed-line subscribers base reached 1,670 thousand lines, up 4.0%, mainly driven by the Residential segment, which increased its subscribers numbers by 6.0%. The ADSL subscriber base continued to rise with close to 1.3 million subscribers, up 9.4% over the year. During the first quarter of 2017, Fixed-line and Internet businesses in Morocco booked revenues of 2,214 million Dirhams, down 1.2% compared with the same period of 2016, primarily due to the reduction in the international transit business, which had small margins. Growth of Fixed-line data remains solid, rising by 7.1% during the first quarter of 2017. During the first quarter of 2017, the Group's international activities recorded revenues of 3,766 million Dirham, down 2.5% as a result of unfavorable calendar and foreign exchange impacts, as well as major reductions in call termination rates. Outside the impact of these factors, the revenues of the African subsidiaries are up 1.6%, a similar performance to that of the fourth quarter of 2016, thanks to gains in market share and growth in Data usage. For the same period, earnings from operations before depreciation and amortization (EBITDA) came to 1,599 million Dirham, up 4.2% (+6.3% at constant exchange rates), due to the improvement by 2.4 points in the gross margin rates, particularly following the reduction in call termination rates and the efforts made to optimize operating costs, which are down 1.6%. Earnings from operations (EBITA) for the first quarter of 2017 came to 932 million Dirhams, showing a sharp rise by 12.2% at constant exchange rates, after adjusting for the capital gain of 295 million Dirhams realized during the first quarter 2016 following the disposal of a real estate asset. The corresponding operating margin stood at 24.7%, up 2.8 points at constant exchange rates, thanks to the 0.4% reduction in amortization expense. Cash flows from operations (CFFO) on international business came to 362 million Dirhams following the payment made of 435 million Dirham for licenses in the Ivory Coast and Togo. Aside from these exceptional items, and the capital gain realized in the first quarter of 2016, the CFFO of the African subsidiaries is up 1.1%. (1) Fixed exchange rate upheld for MAD / Ouguiya / CFA franc. (2) CAPEX corresponds to the acquisition of tangible and intangible assets over the period. 3) Maroc Telecom consolidates the following companies in its financial statements: Mauritel, Onatel, Gabon Telecom, Sotelma and Casanet as well as the new African subsidiaries (Ivory Coast, Benin, Togo, Niger, Central African Republic) and Prestige Telecom which provides IT services to those companies since their acquisition on January 26, 2015. (4) EBITA corresponds to EBIT before the amortization of intangible assets acquired through business combinations, before impairment of goodwill and other intangibles acquired through business combinations, and before other income and charges related to financial investments and to transactions with shareholders (except when recognized directly in equity). (5) CFFO comprises pretax net cash flows from operations (see the statement of cash flows), dividends received from affiliates, and unconsolidated equity interests. CFFO also comprises net capital expenditure, which corresponds to net uses of cash for acquisitions and disposals of property, plant, equipment, and intangible assets. (6) The active customer base is made up of prepaid customers who have made or received a voice call (other than from public telecommunications network operators (ERPT) or from their customer services centers) or have made an SMS/MMS or used Data services, with the exception of technical exchanges of information with ERPT departments, during the past three months, and postpaid customers who have not terminated their agreements. (7) The active customer base for 3G and 4G+ mobile Internet includes holders of a postpaid subscription agreement (with or without a voice offer) and holders of a prepaid Internet subscription agreement who have made at least one top-up during the past three months or whose top-up is still valid and who have used the service during this period. (8) ARPU is defined as revenues (generated by inbound and outbound calls and by data services) net of promotional offers, excluding roaming and equipment sales, divided by the average customer base for the period. In this instance, blended ARPU combines both prepaid and postpaid segments. (9) Mobile data revenues include revenues from all non-voice services billed (SMS, MMS, mobile Internet, etc.), including the valuation of Mobile Internet access and SMS included in all Maroc Telecom postpaid rate plans and Jawal passes. (10) The broadband customer base includes ADSL access and connections leased to Morocco and also includes the CDMA customer base for its historical subsidiaries. Forward-looking statements. This press release contains forward-looking statements concerning the financial position, earnings from operations, strategy, and outlook of Maroc Telecom, as well as the impact of certain operations. Although Maroc Telecom may base its forward-looking statements on what it considers to be reasonable assumptions, those statements do not guarantee the future performance of the Company. The actual results may be very different from the forward-looking statements because of a number of risks and uncertainties, both known and unknown. The majority of these risks are beyond our control, namely the risks described in public documents filed by Maroc Telecom with the Autorité Marocaine du Marché des Capitaux (www.ammc.ma) and the Autorité des Marchés Financiers (www.amf-france.org). These documents are also available in French on our website (www.iam.ma ). This press release contains forward-looking information that cannot be measured until its publication date. Maroc Telecom in no way commits to supplementing, updating, or modifying these forward-looking statements as a result of new information, future events or any other reason, subject to the applicable regulations and especially to Articles III.2.31 et seq. of the circular of the Moroccan Securities Regulator (Autorité Marocaine du Marché des Capitaux) and to Articles 223-1 et seq. of the General Regulation of the French Financial Market authority (Autorité des Marchés Financiers, or AMF). Maroc Telecom is a full-service telecommunications operator in Morocco and leader in all its Fixed-Line, Mobile and Internet business sectors. It has expanded internationally and it now has a presence in ten African countries. Maroc Telecom is listed on both the Casablanca and Paris exchanges, and its majority shareholders are the Société de Participation dans les Télécommunications (SPT*) (53%) and the Kingdom of Morocco (30%). *SPT is a company incorporated under Moroccan law and controlled by Etisalat.


HELSINKI--(BUSINESS WIRE)--Comptel Corporation (NASDAQ OMX Helsinki: CTL1V) today announced that Etisalat Nigeria is launching its time-based mobile data solution BlazeOn, powered by Comptel’s FWD solution, in the Nigerian market. According to the Etisalat Nigeria’s Director, Consumer Segment, Adeolu Dairo, “Most internet users in Nigeria don’t know how much mobile data they consume while browsing or streaming. BlazeOn, our time-based data plan addresses this situation by redefining the purchase experience for our customers. BlazeOn demonstrates Etisalat Nigeria’s commitment to deliver superior customer experience to its subscribers. Our goal is to create more value for our customers by improving quality and introducing innovation. By getting more people online, we hope to empower Nigerians to reach their potential and thereby stimulate the economy”. FWD is a cloud-based solution that enables contextual, time-based data packages to be purchased directly from end user devices. It makes the data purchasing process more personal for consumers, allowing them to purchase mobile data in bite-sized chunks that are easier to understand and manage than traditional, rigid data packages. Distributing FWD through a white-label approach also provides operators with a new way to leverage their trusted brand with existing and new customers, while maximizing data revenues. With FWD’s dynamic pricing capabilities, Etisalat also has the option to create data “happy hours” and differentiate pricing at off-peak or peak hours. During these times, FWD’s management platform allows the operator to create, price and target the specialized data offering in real-time, and then monitor its performance to better tailor future offerings. “By expanding our relationship with Etisalat, Comptel is thrilled that FWD will continue to bring mobile internet access to regions across the world where customers have only had limited connectivity options” said Harry Järn, Chief FWD of Comptel FWD. “Comptel is impressed with Etisalat’s performance in other emerging markets thus far and looks forward to seeing the Nigerian market’s response, to more personalized, flexible data plans.” FWD also serves as the engine for various other time-based mobile data solutions, including New Zealand mobile operator 2degrees; DNA, the leading provider of prepaid mobile subscriptions in Finland; Robi Axiata Ltd, the fastest growing telecommunications operator in Bangladesh; and Etisalat Sri Lanka, among others. In just eight years of operations, Etisalat Nigeria has become a major industry player with a growing subscriber base of over 20 million in a highly competitive market. Its portfolio of voice and data-centric products include – easystarter, easycliq, easybusiness, easyblaze, cliqlite, classic postpaid and easyflex; all tailor-made to meet the needs of its customers. Etisalat Nigeria is committed to delivering innovative solutions and superior quality of service to its growing customers. About Comptel Corporation Life is digital moments. Comptel perfects these by transforming how you serve, meet and respond to the needs of “Generation Cloud” customers. Our solutions allow you to innovate rich communications services instantly, master the orchestration of service and order flows, capture data-in-motion and refine your decision-making. We apply intelligence to reduce friction in your business. Comptel has enabled the delivery of digital and communications services to more than 2 billion people. Every day, we care for more than 20% of all mobile usage data. Nearly 300 service providers across 90 countries have trusted us to perfect customers’ digital moments.


News Article | February 22, 2017
Site: www.prweb.com

eZ Cash, operated by Dialog Axiata, Sri Lanka’s leading Mobile Network Operator, and TransferTo, (https://www.transfer-to.com), leading Cross-Border Mobile Payments Network, have partnered to expand international money transfer services to Sri Lanka. In Sri Lanka and other emerging economies, remittances are an important source of income. Remittances to Sri Lanka have an estimated value of 8.5 percent of GDP and in 2015, grew by 10 percent. eZ Cash, powered by TransferTo’s Network, provides mobile money services to millions of Sri Lankans working overseas to send money home to their loved ones. By sending a Mobile Money remittance, families receive it instantly, securely and easily. Mobile Money is on average, more than 50 percent cheaper than using traditional remittance services . This helps families depending on remittances to receive the maximum funds and use it toward buying food, paying bills and education. Eric Barbier, CEO of TransferTo, says, “TransferTo is committed to providing a seamless solution for international money transfer services to reach billions across the emerging markets. Sending money home should be as simple as sending an SMS to the people who count. No one should worry about when they might receive it or how complicated it might be to get the actual funds. Network partners of TransferTo can now offer money transfers direct to eZ Cash to better serve their customers.” Fariq Cader, Vice President at Dialog Digital Services says, “eZ Cash is Sri Lanka’s leading mobile money service providing financial access across the underserved, newly banked and urban populations. We’re pleased to expand eZ Cash availability globally through TransferTo and give Sri Lankans working away from home, the peace of mind to send money to their families. They will know that money sent home will be received safely at any time or day of the week and can be used instantly to make purchases, pay bills or withdrawn as cash across our network of 16,000 agents.” eZ Cash is available to all Dialog, Etisalat and Hutch customers with over 2.6 million registered customers and a network of over 20,000 merchants. About TransferTo TransferTo operates a Cross-Border Mobile Payments Network for emerging markets, processing transactions in real-time for duly licensed financial institutions and merchants. TransferTo offers solutions for businesses providing remittance, push payment and merchant payment services. Leading companies around the world, including Vodafone’s M-Pesa, Airtel Money, Tigo Money, Western Union, Xoom and PayPal, rely on TransferTo’s Mobile Payments solutions for digital payments. For more information, please visit http://www.transfer-to.com About eZ Cash Sri Lanka’s pioneering mobile money service was launched in June 2012 by Dialog Axiata, enabling subscribers to send and receive money directly via mobile, plus, conduct utility and institutional payments. With the advent of Etisalat and Hutch on to the network, eZ Cash has grown to a subscriber base of over two million Sri Lankans with over 20,000 agent locations and merchant points island wide. eZ Cash is the winner of the Global Mobile Award for Best Mobile Money Service at the GSMA Mobile World Congress 2015. eZ Cash became Sri Lanka’s first mobile money service following being awarded a license under the aegis of the Payments and Settlements Act No 28 of 2005.


Research and Markets has announced the addition of the "4G LTE (Long Term Evolution) - Global Strategic Business Report" report to their offering. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2014 through 2022. Market data and analytics are derived from primary and secondary research. This report analyzes the worldwide markets for 4G LTE (Long Term Evolution) in Number of Unique Subscribers in Thousand. The report profiles 88 companies including many key and niche players such as Key Topics Covered: 1. INDUSTRY OVERVIEW Mobile Communications: An Introductory Prelude 4G: The Latest Transformative Phase of Mobile Communication Sector 4G Penetration Rates Continue to Rise Key Advantages Offered Drive Wider Adoption 1 Gbps Downlink Peak Data Speeds of LTE-A Tilt the Tide In Favor of 4G Evolution in Peak LTE Downlink Throughput over the Years Thrust towards QoS & QoE Instigates 4G Deployments Operators Prioritize 4G in line with Changing User Expectations Developed Countries: The Foremost Adopters of 4G Services Developing Countries: Hot Spots for Future Growth Positive Economic Scenario to Help Augment Market Prospects 2. MARKET TRENDS & GROWTH DRIVERS 4G Makes Robust Gains in General & Enterprise Consumer Markets Transition from 3G to LTE and WiMAX Fuels Market Growth Smartphones Usage Patterns Favor 4G Market Uptrend in Mobile Internet Usage Elevates Market Prospects 4G to Play Pivotal Role in Future Growth of Mobile Traffic 4G Offers Comprehensive Support for IoT & M2M Enterprises Prefer 4G Solution in their Mobility' Ecosystem 4G to Improve Prospects of SMEs 4G for Seamless Mobile Cloud Services OFDMA-Based LTE-A Propagates 4G Market Expansion Both LTE-TDD and LTE-FDD Gain Traction LTE-A Enhancements Augment Proficiency of 4G Networks Carrier Aggregation: A High-Tech Enhancement 4G Deployments with Small Cells Gather Steam VoLTE to Drive Uptake of 4G Services 4G to Proliferate Wi-Fi Domain Digital Transactions Made Easier with 4G High-Potential Opportunities in Automotive Sector 4G to Aid Healthcare Sector Public Safety Operations Made Easier with 4G LTE 4G: Boon for App Developers Seamless Support for App Innovation Upcoming 5G Technology to Influence Market Prospects 3. TECHNOLOGY OVERVIEW Evolution of Mobile Network Technologies First Generation Networks (1G) Second Generation Networks (2G) 2.5 Generation Technology (2.5G) Third Generation Networks (3G) Value Chain in 3G Mobile Networks that Support 3G Services UMTS/ WCDMA Important Features of WCDMA HSPA Features Benefits Offered HSDPA HSUPA HSPA+ CDMA 4. SERVICE/PRODUCT LAUNCHES AT&T to Enhance 4G LTE Capacity in Henry County Verizon and Samsung Launch 4G LTE Network Extender for Enterprise AT&T Rolls Out 4G Services in Greene and Owen County Reliance Jio Unveils 4G SIM Cards Micromax Introduces Micromax Canvas Spark 4G Smartphone Micromax Introduces Canvas 5 Lite Smartphone Asus Introduces ASUS Zenfone GO 4.5 LTE Telstra Commences Wholesale 4G Mobile Services to MVNO Partners VNPN-VinaPhone Commences 4G Services in Vietnam BTL and Huawei to Rollout 4G LTE Network in Belize Etisalat Nigeria Introduces Mobile 4G LTE Service in Nigeria Zantel to Unveil 4G Services in Tanzania Lenovo Unveils A2010 4G LTE Smartphone Micromax Introduces New 4G LTE Smartphones Etisalat Introduces 4G LTE Services in the Middle East 5. RECENT INDUSTRY ACTIVITY AT&T Collaborates with Honda North America Avago Technologies Acquires Broadcom KDDI Signs VoLTE Roaming Agreement with Verizon Qualcomm Signs Patent License Agreement with Lenovo Idea Cellular Selects Ericsson for 4G Upgrade Vodafone Teams Up with Afrimax Group U.S. Cellular to Add 4G LTE Cell Sites Mitel® Takes Over Mavenir Systems Sistema Shyam Teleservices to Merge with Reliance Communications MediaTek Extends Collaboration with Micromax Informatics SK Telecom Selects Broadcom 6. FOCUS ON SELECT GLOBAL PLAYERS 7. GLOBAL MARKET PERSPECTIVE For more information about this report visit http://www.researchandmarkets.com/research/lqtzws/4g_lte_long_term

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