- Sweden edition
- Change edition:
- France |
- Germany |
- Norway |
- Switzerland
May 24, 2012
Sony Ericsson blames investment for profits slump
Published: 15 Jul 05 12:27 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/1743/20050715/
Mobile phone giant Sony Ericsson reported on Friday falling profits for the second quarter, saying continued high spending on research and development weighed on the bottom line.
- Ericsson profits double on sale of Sony stake (25 Apr 12)
- Sony Ericsson profits collapse (18 Jul 08)
- Sony Ericsson sees profits halved (23 Apr 08)
Pretax profit came in at 87 million euros, down from 113 million a year earlier, and compared with financial analysts' expectations of 92 million. The number of units shipped increased to 11.88 million from 10.40 million
as the company's decision to broaden its portfolio paid off.
This led to a rise in sales to 1.6 billion euros from 1.5 billion.
Sony Ericsson itself called the period a "solid second quarter which saw the company gaining momentum as new products began to ship".
It said its market share had increased, but offered no details. New phones, including ones equipped with high-resolution cameras, had been "well received" by consumers. The company said it would shortly ship a personal stereo phone, called the Walkman phone.
Sony Ericsson told AFP in June that it had raised its sales forecast for the world's mobile phone market to 720 million units in 2005 from 690 million, a prediction it reiterated on Friday.
Analysts welcomed Sony Ericsson's improvement in sales, but chided the company for the weak bottom line.
Brokers Global Equities said the company's margins were "surprisingly low" given that sales had been vigorous.
Shares in Ericsson, Sony Ericsson's co-parent, fell 0.37 percent to 26.80 kronor on the Stockholm stock exchange.
Across Europe, mobile phone giants felt the impact of investor disapproval over Sony Ericsson's performance. In Helsinki, Nokia shares slipped 0.2 percent to 14.80 euros, while in Paris, Alcatel lost 0.50 percent to 9.97 euros in morning trading.
AFP
Fark It!
Digg This
Share everywhere
Send to a friend
Printable version
Twitter This
Nine of ten tourists 'happy' with Sweden
Nearly 17 million foreign tourists visited Sweden in 2011, and almost all of them enjoyed their stay, according to a new report. READ (1 COMMENT) »
Armed thieves escape after highway chaos
Police are searching for the men involved in a dramatic highway robbery in Stockholm on Tuesday night, in which one car was stolen at gunpoint and an armoured transport vehicle was rammed. READ (8 COMMENTS) »
Arla looks to milk UK, German dairy mergers
Swedish-Danish dairy giant Arla plans to merge with both a German and a British dairy cooperative in a bid to become the largest dairy company in the UK. READ (4 COMMENTS) »
Swedish airline Skyways files for bankruptcy
Swedish budget airline Skyways Express has cancelled all flights after it and its City Airline subsidiary filed for bankruptcy on Tuesday morning. READ (3 COMMENTS) »
Sweden drifting from 'Swedish model': report
Sweden's historically generous social safety net isn't as robust as it once was, according to a new report, which reveals Sweden has fallen below the average for many other developed countries when it comes to various types of social insurance. READ (37 COMMENTS) »
Swedish printer in South Africa banknote fiasco
An error involving a Swedish printing press has turned into a very expensive headache for South African central bank officials who have been forced to destroy millions of dollars' worth of faulty banknotes. READ (4 COMMENTS) »
Construction workers see fewer inspections
Sweden's work environment watchdog has made ten percent fewer inspections on construction sites over the past seven years, despite twice as many work-site employees since 2007. READ (1 COMMENT) »
Ikea bosses sacked over France spying scandal
Ikea is sacking four managers at its French subsidiary following allegations that they spied on employees and customers using an illegal police database, the Swedish home furnishing retailer announced on Friday. READ (1 COMMENT) »
Boob burns not bikini-related: Swedish retailer
The manufacturer of the bikini suspected of having caused severe bust-line burns on a Swedish woman claims that test results reveal the beach garment is not responsible for the woman's scorched skin. READ (6 COMMENTS) »
Firm sued over Facebook 'threats' sacking
Swedish trade union Unionen has opened legal action against a firm from Piteå in northern Sweden on behalf of two employees fired after posting "threatening" comments against a manager on Facebook. READ (2 COMMENTS) »
- 16/05 IMF warns Swedish economy 'vulnerable' (9 comments) »
- 15/05 Patient blackmails doc after affair turns sour (3 comments) »
- 15/05 Astra Zeneca slashes 400 more jobs in Sweden »
- 14/05 Deserted Swedish homes used to grow cannabis (10 comments) »
- 14/05 Swedish union plea to Obama: 'help save Saab' (7 comments) »
- 11/05 PEAB founder freed in arena bribery scandal (2 comments) »
- 10/05 Skanska profits double but fail to beat forecasts (2 comments) »
- 10/05 Drunken airline pilot stopped at Arlanda (14 comments) »
- 09/05 H&M defends bikini ad amid skin cancer worries (7 comments) »
- 09/05 Illegal trash exports from Sweden put Africa at risk (7 comments) »
Meet Sanna, 9 years old
Sanna is one of 2 million people in Sweden under the age of 18. Sweden is seen as a good place to grow up. The law makes sure children are well-protected and defends their rights and any organizations work with children's well-being. Read more »
Strindberg, king of drama
August Strindberg's plays shocked society, dazzled audiences and revolutionized drama. A century after his death, Strindberg, with his powerful, timeless themes, is celebrated around the world. Read more »
| 23/05 | Accounts Receivable - Kundreskontra Page Personnel |
Stockholm |
| 23/05 | Internal Service Officer Vattenfall |
VTB |
| 23/05 | Accounts Payable - Leverantörsreskontra Page Personnel |
Stockholm |
| 23/05 | Sharper is looking for junior java developers for mBlox Sharper |
Stockholm |
| 23/05 | Project Manager - Infotainment Control Module Volvo Car Corporation |
Göteborg |
| 23/05 | Team Leader- Software Testing Bombardier Transportation |
Stockholm |
| 23/05 | Strategic Sourcing Manager - IT Trygg Hansa |
Sweden - Stockholm or Copenhagen |
| 23/05 | Concept Engineer, Solutions Lab - R&D Axis Communications |
Lund |
| 23/05 | Business oriented Controller to Coca Cola Enterprises Coca-Cola Enterprises Sverige AB |
Jordbro |
| 23/05 | Incident and Quality Investigator ArjoHuntleigh |
Eslöv |
- 23/05 City 'sold empty houses without finding owners' »
- 23/05 Streetside taken down after privacy complaints »
- 22/05 One in four low-earners works 50-hour week »
- 22/05 Doctors cash-in on patient referrals »
- 21/05 Germans tip-top for generosity on holiday »
- 21/05 Central Bank: there is no 'Plan B' for Greece »
- 19/05 Merkel denies suggesting Greek vote on euro »
- 19/05 Metalworkers get pay rise, vow to take on Opel »
- 18/05 Merkel ally: 'Eurozone could handle Greek exit' »
- 18/05 EU agrees on growth and austerity mix ahead of G8 »
- 23/05 piano lessons
- 23/05 Seeking helper for Posting parcels at postal office
- 22/05 Coffee-maker
- 22/05 Pet sitter available in Gotene and Lidkoping
- 22/05 apartment in Lund wanted
- 22/05 Musicians wanted
- 00:41 Legal counselling about job
- 00:08 Anti-fästing vaccination. (ticks)
- 23:27 I need to learn Sketching
- 23:01 Canadian moving to Stockholm
- 22:52 Cheap housing in Pitea
- 22:48 I am a dentist also I know 4 languages
- 22:27 CSN study support
- 21:23 To Canadians who moved to Sweden
- 18:50 Looking for commercial kitchen to rent in småland
- 18:48 What do you do...
Volunteer Venture is dedicated to promoting community tourism by welcoming volunteers and travelers to discover the cultural differences in Nepal as English teaching volunteers, orphanage volunteers, Monk teachers and many more
www.volunteerventure.org/
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS
British-Australian Male Counsellor. Counselling Therapy for Depression, Mental Health, Sex, Relationship & Expat Issues
08-559 22 636 or CLICK HERE
Therapy in English in Stockholm Trained in California Individuals & Couples (08) 93 81 48 FREE phone consultation
Visit anxiousorblue.se
Turning Point Counselling centre offers the international community of Stockholm a safe space for personal development, counselling and coaching.
http://www.turning-point.se/show.asp
Swedish Down Town PR Consulting and Productions is an innovative business company which provides valuable assistance with Public Relations and Communications in the Swedish and the international market.
www.swedishdowntown.com
Comfortable Fully Serviced Apartments for Leisure or Business Travel Beautiful surroundings. Internet & Sat TV
www.oldriverhouse.se
