Nokia / noch ein Nachschlag (Kurzartikel)

verfasst von Sascha, 15.03.2001, 14:24

Nokia chops sales forecast
Cellphone maker's stock boosted as improving margins safeguard profits
March 15, 2001: 6:58 a.m. ET

LONDON (CNN) - <font color="#FF0000">Nokia pegged back its first-quarter revenue growth forecast on Thursday and lowered its estimate of worldwide handset demand.</font>

The world's biggest mobile phone handset maker <font color="#FF0000">lowered its first-quarter sales growth expectations to about 20 percent from an earlier estimate of 25 to 35 percent.</font>

<font color="#FF0000">Still, shares in Nokia surged 12 percent to 27.40 in Helsinki</font>, on relief that the downgrade didn't appear to be reaching the firm's bottom line.

Nokia also cut its 2001 worldwide handset sales forecast to 450 million-to-500 million, down from its previous estimate in January of 500 million-to-550 million phones. <font color="#FF0000">It kept its first quarter earnings per share target of 0.19 ($0.17).</font>

<font color="#FF0000">Angela Dean, an analyst at Morgan Stanley Dean Witter, told CNN.com that the stock is rising because the company maintained its first-quarter earnings per share forecast.</font>

"They're saying the earnings have held up as margins have improved," she said.

In a statement the Finnish company said it had an ongoing programme to generate efficiencies from operations and find additional cost savings, without jeopardising investment in research and development.

<font color="#FF0000">"Despite the more difficult market conditions... we expect to see solid growth for the first quarter as a whole, with better than anticipated margins,"</font> Chief Excutive Jorma Ollila said.

The announcement follows recent gloomy predictions from the firm's chief rivals, Sweden's Ericsson and U.S. firm Motorola. Just like its competitors Nokia blamed the slowing U.S. economy for the industry's problems.

<font color="#FF0000">Ericsson, the world's largest telecommunications equipment maker, said on Monday it would post a loss of up to 5 billion crowns</font>, or $510 million, in the first quarter of 2001, versus an earlier forecast of roughly breakeven.

"The slower than expected sales growth in the first quarter is mainly due to stronger than anticipated impact of demanding market conditions. Especially in the United States, economic uncertainty has increased during the last weeks," the company said.

<font color="#FF0000">This week Motorola announced plans to cut a further 7,000 jobs</font>, blaming slowing demand for communications devices.

Quelle: http://www.cnnfn.com

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gesamter Thread:

• Nokia... - JüKü, 15.03.2001, 11:35
  • Nokia... / wie erwartet, Märkte zeigen sich bisher unbeeindruckt - Sascha, 15.03.2001, 11:59
    • Nokia / noch ein Nachschlag (Kurzartikel) - Sascha, 15.03.2001, 14:24