Sony Ericsson Sales Up

Sony Ericsson has reported that it shipped 8 million handsets during the last quarter of last year, a rise of 13% on the previous year. Sales for the quarter were US$1.75 billion, representing year-on-year increase of 16%. Income before taxes was US$56 million which includes restructuring charges of US$11 million, relating to the final phase of previously announced restructuring of the American CDMA business and the GSM development unit in Munich, Germany. Net income was US$52.4 million, which represents year-on-year improvements of US$136 million.

In 2003, units shipped reached 27.2 million, which is 19% higher than previous year. Sales for the year were US$5.7 billion, representing an increase of 12% compared to 2002.

The strategic focus areas of GSM and Japanese standards posted a 50% and 15% year-on-year growth in shipments respectively.

"We are pleased to announce another quarter of profit and a strong second half of the year. Following restructuring in the first half of the year, we have established a more solid operational platform. 2003 has seen Sony Ericsson further establish itself as an innovative and exciting new brand. We are optimistic that we can build on the success of the second half of 2003 with exciting new products like the P900, T630, T230 and our first two clamshell phones, the Z600 and Z200, as well as innovative products for the Japanese market." says Katsumi Ihara, President of Sony Ericsson.

"

Posted to the site on 19th January 2004