Alcatel-Lucent has posted a reported net loss of Euro 353m (£298.4m) for the first quarter of 2013. However, the loss was a distinct improvement on the Euro 1.5bn loss incurred in the last quarter of 2012, but still down on the Euro 259m profit made in Q1 2012.
Revenue was up 0.6% year-on-year to Euro 3.2bn (£2.7bn), but 21.2% down on the previous quarter. Networks and Platforms accounted for the majority of sales at Euro 2.7bn (£2.2bn) with wireless equipment sales the largest portion of that figure at Euro 966m (£816.4m). The Focused Business division was down 22% year-on-year to Euro 244m (£206m) and Managed Services down 4.2% to Euro 204m (£172m).
Michel Combes, CEO, Alcatel-Lucent commented: ‘Alcatel-Lucent’s first quarter results reflect both encouraging trends in the marketplace and good progress with The Performance Program, for which discipline on execution remains the priority in 2013.
‘Free cash-flow remains a challenge. Strong focus will be placed on working capital management to reverse some of the negative impact incurred this quarter. We are actively reviewing the Group’s businesses and operating model to design the conditions for value creation in the future. I am looking forward to sharing the outcome in early summer.’
In terms of geographic breakdown, North America accounted for the lion’s share of revenue reaching an historical high at Euro 1.5bn (£1.3bn) – up 15.1% year-on-year. Europe was next with Euro 771m (£562m), then Asia Pacific with Euro 467m (£395m) and rest of the world contributing Euro 443m (£374m).