VICTORIA, BRITISH COLUMBIA — (Marketwired) — 11/06/14 — Vecima Networks Inc. (TSX: VCM), the Last Mile Solution® for broadband wired and wireless networks, today announces that it will hold a conference call and live audio webcast on Friday, November 14, 2014 at 1 p.m. (ET) to discuss its financial and operational results for the three months ended on September 30, 2014.A press release announcing the results will be issued the day of the call, before markets open. Sumit Kumar, President
Revenue and earnings growth driven by strength in both wireless and wireline Strong customer growth with 136,000 net new customer connections Leading customer loyalty with monthly postpaid wireless churn of 0.90 per cent $1.4 billion returned to shareholders year-to-date through October Quarterly dividend increased by 11.1 per cent to 40 cents per share – eighth increase under dividend growth program
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– Consolidated sales up 9 % to ?3,215 million in the first nine months of 2014
– Defence posts sales growth of almost 10 % to ?1,384 million
– Automotive increases sales to ?1,831 million – operating result grows disproportionately to ?139 million
– Group EBIT improves by ?25 million to ?23 million
– Annual forecast adjusted: Group operational earnings expected to total ?150 million
The Düsseldorf-based Rheinmetall Group generated consolida
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Overview January to September 2014:
– 3.3 gigawatts of inverter output sold (Q1-Q3 2013: 4.0 GW)
– ?549.3 million in sales (Q1-Q3 2013: ?709.3 million)
– International share increased further to 72.1% (Q1-Q3 2013: 69.3%)
– Earnings before interest and taxes (EBIT) of ?-72.7 million (Q1-Q3 2013: ?-30.1 million)
– Net cash of ?224.8 million (December 31, 2013: ?308.1 million) and equity ratio of 54.7% (December 31, 2013: 57.5%)
– Managing
Company Transformation Continues with Launch of Cloud Services and Initial Sales Success Acquires Additional Tier 3-Ready Data Center in GTA, Second Data Center Facility in Vancouver Opens for Business
