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Nera ASA: First Quarter 2002 Results.

Publication: PR Newswire
Publication Date: 30-APR-02
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BERGEN, Norway -- Nera ASA had a negative operating income in the first quarter of 2002, as the weak development in the telecommunications markets led to reduced turnover and lower prices for the Transmission Networks business area. Nera's other business areas, Satellite Communications and Wireless Broadband Access, have seen positive developments. NeraTel, Singapore has also had a positive development and delivers very solid results. The market for Nera's terrestrial products is still difficult. The company continues its cost reduction initiatives.



* Operating income per Q1: (42.5) MNOK against 16.7 MNOK in Q1 2001 * Income before tax per Q1: (35.6) MNOK against 39.9 MNOK in Q1 2001 * Transmission Networks booked new orders for MNOK 309 and had an operating income of (53.4) MNOK in Q1 * Satellite Communications strengthened its market position with a satisfactory volume of fresh orders in Q1 * Wireless Broadband Access increased business volumes and kept costs under control * Nera continued to improve its balance sheets in Q1, and showed a positive cash flow in the first...

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