Monday, February 7, 2005

Marconi Sales Rise 8% Sequentially

Marconi reported Q3 FY05 sales of £330 million, up 8% over the preceding quarter and up 5% over the same period a year earlier at constant currency. Marconi experienced a year-on-year sales increase of 14% in Optical and Access Networks, driven by growth in UK and Germany. However, BBRS sales declined to £30 million due to lower US Federal Government spending.


There was an adjusted gross profit of £109 million for the quarter.


Mike Parton, CEO of Marconi, said "We are very pleased with the progress that we have made in winning significant new business and driving top line growth, especially in Optical and Access Networks. Pipeline opportunities give us confidence that we can continue to grow sales against a backdrop of fierce pricing pressure in a competitive market place."

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