Alcatel-Lucent on Friday reported a net loss of 146 million euros ($188 million), or EUR0.06 per share, after a net profit of EUR194 million, or EUR0.08 a share, a year earlier. The factors responsible for the loss are restructuring costs and lower sales.
 
The company also reported revenues of Euro 3,599 million, up 1.5% quarter-over-quarter and lower by -2.8% year-over-year on a reported basis. 
 
It reported adjusted gross profit of Euro 1,004 million or 27.9% of revenues and  adjusted operating loss of Euro (125) million or -3.5% of revenues
 
Operating cash-flow3 of Euro 7 million.
 
 Net (debt)/cash of Euro (84) million as of September 30, 2012
 
Adjusted operating margin in the second half of 2012 to be better than first half
 
Target a positive net cash position at year-end 2012
 
Funding status of US pension plans further improved: no extra contribution expected at least through 2016
 
Ben Verwaayen, CEO Alcatel-Lucent, commented said, “Our third quarter results are reflective of the significant transformation we are undertaking both in terms of scope and timing. In addition, our revenue growth and gross margin were impacted by overall carrier spending dynamics and product mix, especially in wireless.”
 
“During this transition period we are very focused on insulating our core operating business by maintaining our commitment to innovation and our investment levels in R&D. Our recent significant wins in the U.S, China and Brazil as well as the 20% growth in the order book for our HLN products have emphasized our relevance with the leading carriers as they roll-out their next generation networks.”
 
Verwaayen added, “We are making good progress with The Performance Program. Costs savings are in excess of Euro 450 million since the beginning of the year and five managed services contracts will be addressed by the end of this year. We are also progressing according to our plan to reduce headcount and are targeting 5 500 positions. We will complete these cost reductions by the end of 2013.”