Feeds

Sagem upbeat over mobile sales

Very good fourth quarter

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

The CEO of France's second largest telco group Sagem, Gregoire Olivier, has overturned current misery in the mobile industry by saying he expects a surge in phone sales to put the company at break-even over the year.

In direct contrast to how all his rivals see the market, Mr Olivier - who took over as CEO in April after his predecessor died - told French newspaper Les Echos he was expecting "a very good fourth quarter".

The company has sold mortwo million handsets in this quarter, compared to just 3.7 million over the rest of the year. Mr Olivier claimed the company's manufacturing plant was working at full capacity and he has had to hire an extra 400 staff.

Sagem expects to break even this year - aided by a £329 million sell-off of its car business - but made a £94.4 million profit last year. While not exactly a success, it is a thousand miles away from most other handset makers which have embarked on huge job-cutting and cost-saving sprees and posted poor results. ®

Related Story

Mobile phone sales fall

Related Link

Les Echos story - you'll have to pay and register to get full length version

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
The triumph of VVOL: Everyone's jumping into bed with VMware
'Bandwagon'? Yes, we're on it and so what, say big dogs
Carbon tax repeal won't see data centre operators cut prices
Rackspace says electricity isn't a major cost, Equinix promises 'no levy'
Disaster Recovery upstart joins DR 'as a service' gang
Quorum joins the aaS crowd with DRaaS offering
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.