Telefonaktiebolaget LM Ericsson reported a fourth-quarter FY21 sales growth of 3 percent year-on-year to SEK71.3 billion. Group organic sales grew by 2 percent Y/Y. Organic sales in Networks rose 3 percent Y/Y, and Digital Services sales were flat Y/Y. It reported an EPS of SEK 3.02 versus SEK 2.26 last year. The adjusted gross margin expanded 290…
Ericsson Clocks 3 Percent Sales Growth in Q4; Proposes Dividend Hike of 25 Percent
Where Will Bitcoin Be in 5 Years? Why Cathie Wood’s Ark Invest Predicts Massive Growth and Adoption
Bitcoin has been extending the lean patch it has found itself in since early November. An analyst at Ark Invest, however, sees the apex cryptocurrency resuming its uptrend and outperforming in the coming years. Cryptos a Hit In Developing Countries Crypto activity in Turkey and Brazil surged in the recent week, which highlights increasing adoption in developing…
Vimeo Reports December 2021 Monthly Metrics
Vimeo Inc. reported monthly metrics for December 2021. The company sees revenue growth of 23 percent year on year versus 57 percent reported in Q4 2020. Vimeo sees Subscriber growth of 11 percent Y/Y against 24 percent growth in Q4 2020. Vimeo sees Average Revenue Per User growth of 11 percent Y/Y compared to 27 percent…
Chocolate-Maker Lindt Sees Slower Growth After Bottlenecks Bite
January 18, 2022
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ZURICH—Swiss chocolate maker Lindt & Spruengli expects sales of its upmarket chocolates to grow less in 2022 than last year, it said on Tuesday, and blamed supply chain bottlenecks for a slowdown in late 2021 in North America. The maker of the best-selling Lindor chocolate balls, which has maintained spending on advertising and new products…
German Economy Short of Pre-Pandemic Level Despite 2.7 Percent Growth in 2021
BERLIN—The German economy failed to return to its pre-pandemic size in 2021 as microchip shortages hit production in the car industry and further COVID-19 restrictions slowed down the recovery of Europe’s largest economy in the final months of the year. Gross domestic product grew 2.7 percent in 2021 after plunging 4.6 percent in the first…
German Industry Expects Economy to Grow by 3.5 Percent in 2022
BERLIN—Germany’s BDI industry association said on Thursday it expected Europe’s largest economy to grow 3.5 percent this year, giving a more cautious forecast than the government as it warned companies could face another “stop-and-go year” due to the pandemic. “The order books are full, but production is not keeping pace with demand. Pandemic restrictions and…
US Wholesale Inventories Rise Strongly, Seen Boosting Fourth Quarter Growth
WASHINGTON—U.S. wholesale inventories increased more than initially thought in November, suggesting that the restocking of warehouses likely contributed strongly to economic growth last quarter. The almost broad increase in inventories reported by the Commerce Department on Monday also offered more hope that supply bottlenecks were easing. It followed in the wake of an Institute for…
Euro Zone Retail Sales Growth Surges Past Expectations in November
FRANKFURT—Euro zone retail sales surged past all expectations in November, driven by in-store non-food purchases, data from Eurostat showed on Friday, indicating that consumer demand remained healthy even as fresh pandemic-related restrictions were implemented. Retail sales, a proxy for consumer demand, in the 19 countries sharing the euro rose 1 percent by value on the…
Read Why This Fund Manager Sees ViacomCBS Cheaper Compared to Netflix, Roku
Satori Fund founder and portfolio manager Dan Niles contended that ViacomCBS Inc., which currently trades at 8x CY22 PE, is “incredibly cheap compared to streaming leaders” Netflix Inc. and Roku Inc. These streaming leaders are growing their streaming revenues slower than VIAC yet fetch much higher multiples. In addition to VIAC’s asymmetric growth versus valuation profile, VIAC’s $1.1 billion…
7 PR Growth Strategy Tips for Startups in 2022
By Sim Aulakh With any luck, 2022 promises a continued wave of growth and prosperity. The startup space has been greatly affected by the pandemic, to be sure, but most enterprises have adapted to COVID-19 protocols, and investors have become more optimistic about fueling new businesses. And of course, a startup requires such capital for…
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