Fujitsu Siemens Computers Outperforms the European IT
Market
Poised for profitable Growth in Fiscal Year 2004
Hanover/Germany, March 18, 2004 —At CeBIT 2004 in Hanover, Fujitsu Siemens Computers, the
leading European IT company, announced a preview of its financial
results. CEO Adrian v. Hammerstein announced that the company
expects to deliver a profit before tax of €57 million
(forecast) for the 2003/2004 fiscal year running from April 2003 to
March 2004, a 600-plus percent increase over the previous fiscal
year. Revenue is forecasted to be nearly flat at €5,320
million (forecast), compared to €5,337 million in the
previous year.
For the full fiscal year, the company expects to record unit
volume growth of 19 percent. On the top line, the unit growth is
offset by the impact of the declining US dollar. Relative gross
margin remains almost stable, despite intense competitive pressure
in the market. Additionally, the company expects to achieve a four
percent decrease in operating expenses.
In the second half of the fiscal year, the company expects to
record a revenue increase of six percent on the basis of a unit
volume growth of 25 percent, an operating expense reduction of
three percent and profit before tax of €46 million
(forecast).
“This has been a successful year for our company, as we
have substantially strengthened our profitability and have
outperformed the market. These were our primary objectives, and we
delivered them,” said Adrian v. Hammerstein, CEO of Fujitsu
Siemens Computers.
Outlook: Continued performance ahead of market
For the upcoming fiscal year, Fujitsu Siemens Computers is
aiming for 5 percent revenue growth (at current exchange rates) and
to continue to outgrow the market by at least 5 percent. The
company’s primary growth areas are defined as: Mobiles,
servers, and supporting services.
Building resources to help customers innovate
Fujitsu Siemens Computers will continue its focus on two key
strategic areas: Mobility and Business Critical Computing (BCC).
“As companies begin to invest into information
technology again, they are looking for solutions that enable them
to reduce their total IT cost, and at the same time increase
flexibility and free up resources for innovation,” emphasized
Adrian v. Hammerstein.
To help customers achieve their goals, Fujitsu Siemens
Computers will invest into the SAP related business, where the
company intends to grow by 60 percent, and into the business with
small and medium enterprises to address the mid-market and support
channel partners with lead-generation.
The Digital Home becomes reality
Fujitsu Siemens Computers is showcasing the digitally
networked home with products and solutions that allow users to
exchange digital media such as photos, music and video recordings.
The ACTIVY Media Center with TV-optimized online- and video on
demand Services from T-Online’s Vision Service, is the first
member of a new class of Internet-capable consumer electronics
devices which can be connected using a network. To enable the
networked digital home, the company has also announced the MYRICA
family of LCD TVs, as well as various wireless network components.
Fujitsu Siemens Computers at CeBIT
Fujitsu Siemens Computers, the leading European IT company,
will exhibit at CeBIT 2004 under the theme "Responsibility in
the Information Age". In Hall 1, Booth 5e2, the company will
showcase end-to-end infrastructure solutions designed to raise the
efficiency and the flexibility of IT, resulting in real customer
benefit and competitive advantage. The partner booth will primarily
addresses the IT needs of small and medium enterprises and
consumers.
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About Fujitsu Siemens Computers
Fujitsu Siemens Computers is the leading European IT provider
with a responsible strategic focus on next-generation Mobility and
Business Critical Computing products, services and solutions. With
a portfolio of exceptional depth, our offering extends from
handhelds through desktops to enterprise-class IT infrastructure
solutions. Fujitsu Siemens Computers has a strong presence in all
key markets across Europe, the Middle East and Africa. Leveraging
the strengths, innovation and global reach of our joint
shareholders, Fujitsu Limited and Siemens AG, we make sure we meet
the needs of customers: large corporations, small and medium
enterprises and private users. For further please visit::
www.fujitsu-siemens.com
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