Marconi sales up, losses narrow
But poor performance from broadband unit
Marconi cut losses and upped sales for the three months ended 31 December, its third quarter. Sales were up to £330m, a five per cent improvement on a year ago.
Group operating loss was £21m, down from £66m last year.
Broadband routing and switches sales fell to £30m from £43m in the same quarter of last year because US defence spending was diverted to other projects.
Major contract wins included a deal with Deutsche Telecom's fixed line business T-Com, a DSL deal with Bulldog Communications and a services contract with Energis. Marconi also won a £150m contract to upgrade Tubes Lines Ltd's communications network.
Marconi expects its deal with Chinese firm Huawei to improve the broadband unit's performance.
The UK accounted for £119m in sales, 36.1 per cent. Italy provided £37m, Germany £72m and other EMEA countries contributed £46m. Full unaudited results are available for download on Marconi's website here ®