Fujitsu Siemens Computers Profit Before Tax is Higher Than
Forecasted
Company announces financial results
Munich / Germany, May 12, 2004 —Fujitsu Siemens Computers, the leading European IT company,
announced its financial results* today. President and CEO Adrian v.
Hammerstein announced that the company delivered a profit before
tax of €62* million for the 2003/2004 fiscal year running
from April 2003 to March 2004. This represents an increase by
nearly a factor of eight over the previous fiscal year, and is
€5 million higher than the last forecast given in March 2004.
Revenue is nearly flat at €5,288* million compared to
€5,337 million in the previous year.
In addition, Fujitsu Siemens Computers recorded unit volume
growth of more than 20* percent. Gross margin remained stable at
15.1* percent, despite intense competitive pressure in the market.
The company also cut operating expenses before restructuring by
more than four percent*.
“We are pleased with our overall performance. Not only
did we substantially strengthen our profitability, we have also
continued to sharpen our strategic focus, which is well aligned to
the requirements of our customers and the market,” 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.
*Subject to final audit approval
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About Fujitsu Siemens Computers:
Fujitsu Siemens Computers is the leading European IT provider
with a 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 is present 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 information about Fujitsu Siemens Computers,
please visit:
www.fujitsu-siemens.com
PR Contacts:
Amy M.K. Flécher
Director Communications
Tel.: + 49 (0) 89 3222 4460
Mobile: +49 (0) 171 86 50 101
Fax: + 49 (0) 89 3222 4466
amy.flecher@fujitsu-siemens.com
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