Pace revenues up 6% in 2014, margins improve

Tuesday 3 March 2015 | 09:16 CET | News
Pace reported revenue for 2014 up 6.1 percent to USD 2.62 billion, as growth in its networks business ofset a small decline in sales from customer premises equipment. Adjusted EBITA rose a stronger 24.5 percent to USD 241 million, helped by a better revenue mix and the integration of Aurora Networks, and the set-top box maker's operating margin improved to 9.2 percent from 7.8 in 2013. The results were in line with the company's outlook from November. Pace's net profit rose 53.1 percent to USD 148 million. Pace proposed a final dividend of 4.75 cents per share, resulting in a full-year

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Categories: Broadcast & Satellite
Companies: Aurora Networks / Pace
Countries: World
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