Wireless Federation » archive for 'Q2'
Elisa posts a steep fall in Q2 profits (Finland)Elisa, Finland’s telecom operator, has posted a steep fall in second-quarter profits, but repeated it sees sales and profits in 2008 flat year-on-year.
Elisa reported April-June earnings per share of 0.20 euro, compared with 0.31 euro a year earlier.
Sony Ericsson ships 59% more phones in Q2Sony Ericsson shipped 59 percent more phones in the second quarter compared to a year ago, moving in total 24.9 million handsets. The company’s total revenues rose 37 percent to EUR 3.112 billion, as the average selling price dipped to EUR 125 per phone on the back of more low- and mid-range devices in the mix. Net profit improved to EUR 220 million from EUR 143 million a year ago. Sony Ericsson estimates it won around 3 points of market share in the period, compared to the year-earlier period, putting its worldwide share at over 9 percent. For the full year, it expects the market to remain “competitive” but that it will continue to grow faster than the broader market. Sony Ericsson forecasts that the 2007 global handset market will surpass 1.1 billion units.
Sony Ericsson ships 59% more phones in Q2Sony Ericsson shipped 59 percent more phones in the second quarter compared to a year ago, moving in total 24.9 million handsets. The company’s total revenues rose 37 percent to EUR 3.112 billion, as the average selling price dipped to EUR 125 per phone on the back of more low- and mid-range devices in the mix. Net profit improved to EUR 220 million from EUR 143 million a year ago. Sony Ericsson estimates it won around 3 points of market share in the period, compared to the year-earlier period, putting its worldwide share at over 9 percent. For the full year, it expects the market to remain “competitive” but that it will continue to grow faster than the broader market. Sony Ericsson forecasts that the 2007 global handset market will surpass 1.1 billion units.
Sony Ericsson ships 59% more phones in Q2Sony Ericsson shipped 59 percent more phones in the second quarter compared to a year ago, moving in total 24.9 million handsets. The company’s total revenues rose 37 percent to EUR 3.112 billion, as the average selling price dipped to EUR 125 per phone on the back of more low- and mid-range devices in the mix. Net profit improved to EUR 220 million from EUR 143 million a year ago. Sony Ericsson estimates it won around 3 points of market share in the period, compared to the year-earlier period, putting its worldwide share at over 9 percent. For the full year, it expects the market to remain “competitive” but that it will continue to grow faster than the broader market. Sony Ericsson forecasts that the 2007 global handset market will surpass 1.1 billion units.
Sony Ericsson ships 59% more phones in Q2Sony Ericsson shipped 59 percent more phones in the second quarter compared to a year ago, moving in total 24.9 million handsets. The company’s total revenues rose 37 percent to EUR 3.112 billion, as the average selling price dipped to EUR 125 per phone on the back of more low- and mid-range devices in the mix. Net profit improved to EUR 220 million from EUR 143 million a year ago. Sony Ericsson estimates it won around 3 points of market share in the period, compared to the year-earlier period, putting its worldwide share at over 9 percent. For the full year, it expects the market to remain “competitive” but that it will continue to grow faster than the broader market. Sony Ericsson forecasts that the 2007 global handset market will surpass 1.1 billion units.
Option to reorganise after weak resultsMobile data products developer Option expects second-quarter revenues of EUR 80-82 million, some 8.5 percent below its average expectation for the period. The Belgian company said that mobile operators rolled out new products at a slower pace than previously indicated and also turned more to older products with lower prices and margins. Option still sold 21 percent more devices in Q2, but expects its EBIT margin to be flat sequentially due to the skewed product mix. The company also cut its full-year revenue out look to EUR 320-340 million from a previous estimate of EUR 355-375 million, while the annual EBIT margin is expected to be in line with the first half.
To help deal with the “increasing complexity of accurately forecasting the expected product mix”, the company has hired management consults to help it devise a new organisational structure. An improved organisational structure will be implemented during the second half of the year. In addition, Option is implementing a coordination effort with all the major operators to better synchronize product roll-out forecasts. On the financial front, Option is adding new internal controls to continue to improve the financial reporting of the company.
