Alles starrt wieder
auf Nokia
Freitag, 20.4.: Eine Abschwächung im Vorsteuerge-
winn des ersten Quartals von 1,6 %
auf 1,31 (1,33) Mrd. Euro unterstellt
eine aktuelle Konsensschätzung bei
Nokia. Je Aktie würde dies 0,18 Euro
bedeuten. Aus Sicht vieler Analysten
macht Nokia „alles richtig“. Gleich-
wohl wird erwartet, dass Nokia Ab-
striche bei seiner Wachstumserwar-
tung für das 1. Halbjahr („im oberen
Bereich der Bandbreite 25 bis 30%“)
wird vornehmen müssen. Im1. Quar-
tal soll der Handy-Absatz um 15 bis
20% zulegen. Der Umsatz soll um
20% vorankommen. m.Motorola dürfte
Ericsson nicht tangieren
Alles starrt wieder
auf Nokia
Freitag, 20.4.: Eine Abschwächung im Vorsteuerge-
winn des ersten Quartals von 1,6 %
auf 1,31 (1,33) Mrd. Euro unterstellt
eine aktuelle Konsensschätzung bei
Nokia. Je Aktie würde dies 0,18 Euro
bedeuten. Aus Sicht vieler Analysten
macht Nokia „alles richtig“. Gleich-
wohl wird erwartet, dass Nokia Ab-
striche bei seiner Wachstumserwar-
tung für das 1. Halbjahr („im oberen
Bereich der Bandbreite 25 bis 30%“)
wird vornehmen müssen. Im1. Quar-
tal soll der Handy-Absatz um 15 bis
20% zulegen. Der Umsatz soll um
20% vorankommen. m.
Der „BZ-Finanzmarktkalender“ auch als PDF-Datei zum Herunterladen unter:
www.boersen-zeitung.com
und hier Bericht aus Stockholm über www.bloomberg.com :
Stockholm, April 16 (Bloomberg) -- Nokia Oyj and Ericsson AB will focus on cost cuts when they report first-quarter results on Friday as sales of mobile phones slow and phone companies curb spending on network equipment, analysts said.
Nokia, the biggest cellular-phone maker, has said first- quarter profit will be unchanged as lower costs offset easing sales growth. Ericsson, the top supplier of wireless networks, will give more details on last month's cost-reduction plan while posting its first quarterly loss from operations in nine years.
After years of booming demand for mobile phones and networks that transfer calls between them, sales at Ericsson, Nokia and rivals such as Motorola Inc. are slowing along with the economy. To keep profits from shrinking or losses from mounting, the companies are stepping up efforts to lower costs and sell assets.
``When growth stops, you have to think of how many people you need,'' said Eric de Graaf, an analyst at ING Barings, who has a ``sell'' rating on Ericsson and a ``hold'' on Nokia. ``Cost control is clearly more important in a negative market.''
Ericsson, based in Stockholm, last month said it plans to trim 3,300 jobs, or 3 percent of its workforce, to help lower annual costs by 35 billion kronor ($3.5 billion) from next year. Espoo, Finland-based Nokia said unspecified cost cuts would keep first-quarter profit unchanged even as sales lagged projections.
Shares of Nokia, once Europe's most valuable company, have slid 37 percent this year, while Ericsson's have fallen 44 percent. The stocks trade at about 33 times estimated 2001 profit, below Motorola Inc.'s 80 times and Nortel Networks Corp.'s 87 times.
Full-Year Outlook
Ericsson is expected to report a first-quarter pretax profit of 532 million kronor, according analysts surveyed by SME. That figure includes a one-time gain of 5.5 billion kronor from selling shares in Juniper Networks Inc. Nokia is set to post a 1.6 percent drop in pretax profit to 1.33 billion euros ($1.18 billion).
Nokia in January forecast first-half sales would rise as much as 35 percent. Last month, it reduced the first-quarter sales forecast to 20 percent, from 25 to 30 percent. Ericsson has projected sales will climb as much as 20 percent this year.
While the companies haven't given any new forecasts beyond the first quarter, some analysts expect them to trim projections for the rest of the year when reporting earnings.
``We think there are likely to be downward revisions of 2001 guidance,'' Morgan Stanley Dean Witter analysts Angela Dean, Marcus Nash and Angus Lund wrote in a March 30 note to clients, rating both stocks ``neutral.'' ``Despite the declines in their prices, we continue to feel it is too early to buy these stocks.''
auf Nokia
Freitag, 20.4.: Eine Abschwächung im Vorsteuerge-
winn des ersten Quartals von 1,6 %
auf 1,31 (1,33) Mrd. Euro unterstellt
eine aktuelle Konsensschätzung bei
Nokia. Je Aktie würde dies 0,18 Euro
bedeuten. Aus Sicht vieler Analysten
macht Nokia „alles richtig“. Gleich-
wohl wird erwartet, dass Nokia Ab-
striche bei seiner Wachstumserwar-
tung für das 1. Halbjahr („im oberen
Bereich der Bandbreite 25 bis 30%“)
wird vornehmen müssen. Im1. Quar-
tal soll der Handy-Absatz um 15 bis
20% zulegen. Der Umsatz soll um
20% vorankommen. m.Motorola dürfte
Ericsson nicht tangieren
Alles starrt wieder
auf Nokia
Freitag, 20.4.: Eine Abschwächung im Vorsteuerge-
winn des ersten Quartals von 1,6 %
auf 1,31 (1,33) Mrd. Euro unterstellt
eine aktuelle Konsensschätzung bei
Nokia. Je Aktie würde dies 0,18 Euro
bedeuten. Aus Sicht vieler Analysten
macht Nokia „alles richtig“. Gleich-
wohl wird erwartet, dass Nokia Ab-
striche bei seiner Wachstumserwar-
tung für das 1. Halbjahr („im oberen
Bereich der Bandbreite 25 bis 30%“)
wird vornehmen müssen. Im1. Quar-
tal soll der Handy-Absatz um 15 bis
20% zulegen. Der Umsatz soll um
20% vorankommen. m.
Der „BZ-Finanzmarktkalender“ auch als PDF-Datei zum Herunterladen unter:
www.boersen-zeitung.com
und hier Bericht aus Stockholm über www.bloomberg.com :
Stockholm, April 16 (Bloomberg) -- Nokia Oyj and Ericsson AB will focus on cost cuts when they report first-quarter results on Friday as sales of mobile phones slow and phone companies curb spending on network equipment, analysts said.
Nokia, the biggest cellular-phone maker, has said first- quarter profit will be unchanged as lower costs offset easing sales growth. Ericsson, the top supplier of wireless networks, will give more details on last month's cost-reduction plan while posting its first quarterly loss from operations in nine years.
After years of booming demand for mobile phones and networks that transfer calls between them, sales at Ericsson, Nokia and rivals such as Motorola Inc. are slowing along with the economy. To keep profits from shrinking or losses from mounting, the companies are stepping up efforts to lower costs and sell assets.
``When growth stops, you have to think of how many people you need,'' said Eric de Graaf, an analyst at ING Barings, who has a ``sell'' rating on Ericsson and a ``hold'' on Nokia. ``Cost control is clearly more important in a negative market.''
Ericsson, based in Stockholm, last month said it plans to trim 3,300 jobs, or 3 percent of its workforce, to help lower annual costs by 35 billion kronor ($3.5 billion) from next year. Espoo, Finland-based Nokia said unspecified cost cuts would keep first-quarter profit unchanged even as sales lagged projections.
Shares of Nokia, once Europe's most valuable company, have slid 37 percent this year, while Ericsson's have fallen 44 percent. The stocks trade at about 33 times estimated 2001 profit, below Motorola Inc.'s 80 times and Nortel Networks Corp.'s 87 times.
Full-Year Outlook
Ericsson is expected to report a first-quarter pretax profit of 532 million kronor, according analysts surveyed by SME. That figure includes a one-time gain of 5.5 billion kronor from selling shares in Juniper Networks Inc. Nokia is set to post a 1.6 percent drop in pretax profit to 1.33 billion euros ($1.18 billion).
Nokia in January forecast first-half sales would rise as much as 35 percent. Last month, it reduced the first-quarter sales forecast to 20 percent, from 25 to 30 percent. Ericsson has projected sales will climb as much as 20 percent this year.
While the companies haven't given any new forecasts beyond the first quarter, some analysts expect them to trim projections for the rest of the year when reporting earnings.
``We think there are likely to be downward revisions of 2001 guidance,'' Morgan Stanley Dean Witter analysts Angela Dean, Marcus Nash and Angus Lund wrote in a March 30 note to clients, rating both stocks ``neutral.'' ``Despite the declines in their prices, we continue to feel it is too early to buy these stocks.''
