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COPYRIGHT 2001 Ingram Investment Ltd.
M2 PRESSWIRE-31 January 2001-ALCATEL: Fourth quarter and full year 2000 results -- Annual telecom sales increase 41% and income from operations up 83%; Net income doubles (C)1994-2001 M2 COMMUNICATIONS LTD
RDATE:31012001
Paris -- The Board of Directors of Alcatel (Paris: CGEP.PA and NYSE: ALA) yesterday approved consolidated accounts for the year 2000. The company today reported fourth quarter and full year 2000 results. Full year 2000 total group sales amounted to 31,408 million, an expansion of 36% over 1999. Income from operations totaled 2,251 million, up 77% from 1,275 a year earlier. Telecom sales advanced by 41% to 26,788 million, while income from operations grew more than twice as fast (83%) to 2,082 million. Net income increased by 106% to 1,324 million, representing a diluted "A" share EPS of 1.20 per share ($1.13 per ADS), versus 1999 net income of 644 million, or 0.69 per share ($0.65 per ADS).
Fourth quarter group sales were 9,689 million, up 26% over the corresponding period a year earlier, while income from operations grew by 32% to 881 million. Telecom sales increased by 31% compared to the fourth quarter of 1999, to 8,505 million. Telecom income from operations came in at 832 million, a progression of 41%. Net income amounted to 426 million for a diluted EPS of 0.36 per "A" share ($0.34 per ADS) compared with fourth quarter 1999 net income of 338 million, or 0.36 per share ($0.34 per ADS).
Serge Tchuruk, CEO, said, "2000 was a milestone year for Alcatel. We largely completed our transformation into a pure Telecom business, and I would like to focus my comments on this area of our overall activities. We established and surpassed important benchmarks. Our sales increased well above the overall market rate. In addition, we grew income from operations more...
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