Mobile infrastructure equipment manufacturer Alcatel-Lucent issued a warning today (17 July 2012) that it expects to post an adjusted operating loss of around €40m (£31.4m) with revenues above €3.5bn (£2.7bn) for the second quarter of 2012.
The operating income figure is an improvement on Q1 2012, when Alcatel-Lucent reported an adjusted operating loss of £180m. This compared with an operating income of £3.2m in the first quarter of 2011 and £227m in Q4 2011. Revenue for Q1 2012 was £2.6bn, down 22.7% on Q4 2011 from £3.3bn.
The company said that the Q2 2012 figures reflected a good sequential growth in sales with all geographies and divisions growing, but a slower than expected business mix improvement. Actions on fixed costs, however, remained strong with a decrease of more than €100 million compared with Q2 2011.
Looking ahead, based on the current order book, Alcatel-Lucent expects the second half of 2012 to be better than the first half, but in light of year-to-date (YTD) performance and the difficult macro-economic environment, Alcatel-Lucent will not be able to achieve its previously announced adjusted operating margin guidance for the full-year 2012.
The figures are based on analysis of the company’s second quarter preliminary financial results. Alcatel-Lucent will provide further details on its business performance and full-year guidance during its second quarter earnings presentation on 26 July 2012.