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Alca-Lu loses €353mn in Q1

Alcatel-Lucent has posted a big net loss for the first quarter of this year of €353mn, which it puts down largely to a combination of unfavourable product mix and restructuring charges connected with the Performance Program.

Revenues did remain stable in the period compared to one year earlier, reaching €3.2bn, with the Networks & Platforms segment taking the lion’s share as usual (€2.7bn, up 6% y-o-y).

The Focused Businesses segment saw a 22% decline in sales compared to the first quarter of 2012 to €244mn, with declines in both the Enterprise and Submarine divisions.

The Managed Services business saw a small (4%) annual decline in sales, due largely to restructuring efforts. The company-wide Performance Program remains on track, with 5,500 jobs expected to go this year.

New CEO Michel Combes is widely expected to reveal more details of his plans to shave the business and refocus its priorities at some point in the near future.

Meanwhile, rival Ericsson today posted a net profit of SEK 1.2bn (US$ 182mn) for the first quarter of this year – down 85% annually but significantly better than Alca-Lu’s net loss for the same period.

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