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Alcatel-Lucent narrows Q1 loss

first_imgHome Alcatel-Lucent narrows Q1 loss Steve Costello Related Nokia details Digital Health review; further job cuts Tags Author Alcatel-LucentChina HuaxinFinancial Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Previous ArticleConvergence key to TD-LTE growthNext ArticleTelefonica suffers revenue and profit fall in Q1 Loss-making network infrastructure player Alcatel-Lucent reduced the amount of red ink used in the first quarter of 2014, as the impact of its broad restructure began to take effect.Michel Combes (pictured), CEO of Alcatel-Lucent, said: “We began 2014 as we ended 2013 – totally focused on driving implementation of The Shift Plan. Having put the group in the right financial direction last year we are encouraged by the continued progress shown in the first quarter of 2014.”According to Reuters, Jean Raby, CFO, said the company is still on-track to sell €1 billion of assets, as previously stated, but did not provide further details.The company reported a loss of €73 million for the period, compared with a prior-year loss of €353 million, on revenue of €2.96 billion, down from €3.23 billion. It also provided revenue figures treating its Enterprise unit as a discontinued operation (it has inked a deal to sell this unit): on this basis, the figure would have been essentially flat.It said that the reduced loss was driven by higher operating income, lower restructuring charges, and a “significant reduction in net financial losses”.Revenue from the company’s Wireless Access unit was €999 million, down from €1.01 billion in Q4 2014, although it claimed a 2.3 per cent increase at constant exchange rates and comparable perimeter.It said that in the first quarter, LTE growth continued to be strong, notably in the US. This increase was partially offset by continued declines in 2G and 3G technologies, which represented less than 25 per cent of wireless access revenue in Q1.The company noted wins including LTE overlay deals with Claro Uruguay, Etisalat and APT (Taiwan), and small cell announcements including Verizon Wireless and TIM in Brazil.Looking forward, the company is expecting China to drive wireless revenue in Q2, although this could impact margin, Reuters said.Alcatel-Lucent also noted that its Managed Services revenue halved, reflecting moves to terminate or restructure loss-making contracts.On a group level, cash flow continued to be a concern. It reported a free cash flow defecit of €398 million for the quarter, although this was reduced from a €533 million outflow in the prior-year.The deal to sell the Enterprise business to China Huaxin is due to close in Q3, subject to certain approvals. Alcatel-Lucent will retain a 15 per cent stake in the unit. AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 09 MAY 2014 Nokia downplays impact of Alcatel-Lucent probe Nokia slashes Alcatel-Lucent jobslast_img read more

 

Pointers July 2009

first_imgCanadian consultants are to start work this month on a 12-month feasibility study into the proposed railway linking the Mmamabula and Morupule coalfields in Botswana with Walvis Bay in Namibia. The World Bank has provided a US$44000 grant, and the two countries will each contribute US$82000. The New Zealand government is to study PPP funding for the new Auckland suburban EMU fleet. ‘Public-private partnerships can be a sensible way to procure this kind of expensive, long-life asset’, said Transport Minister Steven Joyce after visiting Australia, where a A$3·6bn PPP is being used to fund 78 eight-car double-deck EMUs for Sydney. National Railways of Zimbabwe is inclu­ded on the government’s ‘rational­isation, reconstruction and transform­ation agenda.’ Finance minister Tendai Biti said NRZ was among ‘high-value’ state companies which have ‘huge potential’ but need capitalisation and good management. Greater Toronto transport authority Metrolinx is to study electrification of the entire GO Transit rail network. An external advisory committee of independent technical experts, community representatives and passengers will advise on the terms of reference, with the study to be completed in early 2010. The Spanish government has brought forward a programme to make the national rail network accessible to mobility-impaired passengers by 2014. A total of €479m is to be spent on stations and €305m on improving the accessibility of 480 existing trainsets. Noting that the container market in South Africa has grown at around 10% per annum over the past five years, CEO Siyabonga Gama advocates the creation of a transhipment hub to capture market share as part of Transnet Freight Rail’s five-year capital plan. ‘Our projects cut across rail and ports and focus on Ngqura [a new port near Port Elizabeth] and Cape Town’, he said. With a view to moving 400 000 tonnes of soya, maize and wheat a year by rail for export via Paranaguá, Paraguayan grain producers are considering setting up their own handling facilities in the Ferro­este terminal at Cascavel in Brazil. Up to 100 wagons could be acquired under the framework agreement with Amsted Maxion (RG 4.09 p62). At the 1520 Forum in Sochi the Russian, Ukrainian, Slovak and Austrian national railways signed an agreement to create a joint venture to operate the planned Moscow – Kyiv – Uzhgorod – Bratislava – Wien broad-gauge corridor, now costed at US$4·5bn (RG 1.09 p52).last_img read more