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General

Alcatel-Lucent improves margin, sales still lower in Q3

Thursday 30 October 2014 | 08:34 CET | News
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Alcatel-Lucent reported third-quarter revenues down 5.9 percent year-on-year to EUR 3.254 billion, as growth in the Asian LTE market was offset by weaker managed services in Europe and slower equipment sales in North America. The company's adjusted operating profit still improved, to EUR 170 million from EUR 113 million a year ago, on ongoing cost cuts in the 'Shift Plan'. Alcatel cut costs by EUR 73 million in Q3, for cumulative savings of EUR 645 million. SG&A expenses were notably down 13.6 percent compared to Q3 2013. The company still recorded a net loss of EUR 18 million, versus a loss

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Categories: General
Companies: Alcatel-Lucent USA/FR
Countries: World
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