Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.
Type | Announcement | |||||||||||||||||||||||||
Subject | OTHERS | |||||||||||||||||||||||||
Description | AXIATA GROUP BERHAD (“AXIATA”) – HEADLINE KEY PERFORMANCE INDICATORS (“KPIs”) FOR FINANCIAL YEAR ENDING ("FY") 31 DECEMBER 2014 AND ACHIEVEMENT OF HEADLINE KPIs FY2013 | |||||||||||||||||||||||||
Axiata wishes to announce its FY2014 Headline KPIs
These Headline KPIs have been set and agreed by the Board of Directors and Management of Axiata Group (“Group”) and shall not be construed as forecasts, projections or estimates of the Group or representations of any future performance, occurrence or matter as they are merely a set of targets/aspirations of future performance aligned to the Group's strategy and which have been derived on the assumptions that the Group shall operate under the current business environment under which they had been determined. FY2014 Headline KPIs
*The above Headline KPIs are based on 2013 average forex rates for the respective currencies. However, based on January 2014 average forex rates these Headlines KPIs are estimated to be Revenue 6.9%, EBITDA -1.0%, ROIC 9.0% and ROCE 7.5% In establishing the FY2014 Headline KPIs, the Management of Axiata has taken into consideration the following challenges:-
Moving Forward Moving forward, the Group will remain focused on its long-term transformation strategy which includes new approach to current business and continue to invest aggressively in data and related services. We will also review and improve our cost structure and forex mitigation strategy in order to optimize our financial performance. FY2013 Headline KPIs Achievements Below are the Axiata Group achievements versus FY2013 Group Headline KPIs:-
The Group actual results, despite excellent performance by most Opcos, was impacted by XL business operations coupled with adverse forex translation impact of IDR results to RM during the year. Group KPI based on actual results are the following: Revenue growth +4.1%, negative EBITDA growth -2.1%, ROIC of 10.7% and ROCE of 8.6%. This announcement is dated 20 February 2014. |
Company Name | AXIATA GROUP BERHAD |
Stock Name | AXIATA |
Date Announced | 20 Feb 2014 |
Category | General Announcement |
Reference No | AG-140220-8BF57 |