Fujitsu Siemens Computers achieved a pre-tax profit before tax of EUR8 million for the 2002/2003 financial year running from April 2002 to March 2003. This exceeded the pre-tax profit forecast of EUR4 million. Revenue was nearly flat at EUR5,337 million, compared to EUR5,434 million in the previous year.
The company achieved an operating profit of EUR63 million for the full financial year, an improvement of EUR33 million over the previous year and of EUR7 million over forecast. Operating expenses reduced by EUR86 million over the previous year.
"Despite the difficult market conditions prevailing in the IT sector, Fujitsu Siemens Computers managed to achieve very positive results," said Mark Wilson, Managing Director of Fujitsu Siemens Computers. "The results are a positive reflection on the group`s product mix and strategy and show that Fujitsu Siemens Computers are on the right path."
In SA, Fujitsu Siemens Computers managed to achieve 73% revenue growth in euro.
"Set against a backdrop of an overall decline in the IT market for the year, these results are testimony to the outstanding efforts of our entire team," said Wilson. "Growth was consistent throughout the retail, corporate reseller, Africa and distribution sectors. Our aim is to continue our growth strategy targeting increased market share through maintaining our focus on these sectors. Additional focus areas for the forthcoming year include initiatives in the SME sector through a focus on the distribution channel, a push into the high-end PRIMEPOWER marketplace and a campaign aimed at growing our reseller base."
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Fujitsu Siemens Computers is the leading European computer company. Serving the needs of large corporations, small to medium-sized enterprises and consumers the company operates in all key markets across Europe, the Middle East and Africa. It offers a unique choice of world-class computer technology and innovative IT infrastructure solutions. Embedded in a global cooperation, Fujitsu Siemens Computers takes advantage of the strengths and the innovative power of its parent companies Fujitsu Limited and Siemens AG.
"Powering the Information Age" is the company`s vision. Fujitsu Siemens Computers will enable people to freely access information and services anywhere and at any time with world-leading products, services and solutions, thus ensuring people`s success within a knowledge-based society. The strategic direction is focused on mobility and business-critical computing as the key drivers of the Information Age in the 21st century.
The company offers everything for enterprise computing, ranging from best-in-class Intel- and Unix-based servers to mainframes and enterprise storage solutions. It is also one of the leading providers of mobile computing products, PCs and workstations to business customers, and is the number one supplier of computers for home users in Europe. For further information, please visit www.fujitsu-siemens.com.