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发表于 2009-11-19 09:27 AM
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Today we are presenting the results of the past 2009 fiscal year and fourth quarter. A difficult year lies behind us: Headcount reductions, Qimonda insolvency, short-time work and unpaid leave, major savings, capital increase, sale of WLC – to mention just a few. Our company results, which are reported without WLC, paint a mixed picture:
Fourth quarter business results
In view of the crisis year, the fourth quarter results are indeed impressive. Despite the economic and financial crisis, we achieved the first group net profit (including all non-recurring items) for 11 quarters: It amounts to Euro 14 million, compared to negative Euro 23 million the previous quarter. Revenues were up 12% quarter-on-quarter, taking the figure to Euro 855 million. The Segment Result – in the third quarter still at break-even – is in the fourth quarter at 6 percent of revenues. The free cash flow from continuing operations is Euro 151 million. This positive development is due not only to the first signs of recovery in our target markets and to the current improvement in capacity utilization at our plants, but first and foremost to our strict cost control: The cost management in IFX10+ is paying off. It’s a great achievement! Our sincere thanks go to you all, you who have played an active part in bringing it about – whether in business, at the customer front, in production or administration. |
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