| Elcoteq's Q4 Off YoY, Up Sequentially |
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| Written by Mike Buetow | |||
| Thursday, 12 February 2009 06:30 | |||
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LUXEMBOURG -- Elcoteq SE's December quarter net sales were 889.1 million euros, down 16% from a year ago but up 20% sequentially. For the December quarter, cash flow from operations was 46.6 million euros. The operating loss 11.8 million euros, including 13.5 million euros in restructuring charges. The EMS provider's 2008 net sales declined about 15% year-over-year to 3.4 million euros. The operating loss was 20.4 million euros, including 13.5 million euros in restructuring expenses. Cash flow from operations showed a loss of 99.7 million euros. The company cited a drop in demand at its Personal Communications Business unit for much of the loss.
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