Augsburg/Germany, October 6, 2004 – Fujitsu Siemens Computers, the leading European IT company, announced fiscal year 2004 half-year financial results today. President and CEO Bernd Bischoff announced at VISIT 2004 European IT Forum, that the company delivered revenue growth for the first time ever in the first-half of a fiscal year. The company, which is celebrating its fifth anniversary, announced a revenue of € 2,560* million based on preliminary estimates or a growth year-on-year of 15* percent. The company also announced a 60* percent year-on-year growth in profit before tax of €18* million for the first-half of the 2004/2005 fiscal year which runs from April 2004 through September 2004.
The company recorded a 32* percent in unit volume growth year-on-year for the first half. Based on the calendar year for the last two quarters the company also outgrew the market in Europe, Middle East and Africa (EMEA) by 8 percent (according to IDC 1Q and 2Q 2004 figures), over achieving its stated goals.
"We have shown healthy revenue and profit growth, and our company continues to outperform the market. We are nevertheless aware that competition remains very tough and that we always need to go the extra mile for our customers", said Bernd Bischoff, President and CEO of Fujitsu Siemens Computers. "We have learned over the past five years that to be successful, innovation must be driven by customer requirements," Bischoff continued. "The market remains highly competitive; however we continue to bring products and solutions to market which are well accepted because they are designed to meet the needs of our customers."
Outlook: Continued performance ahead of market
For the remainder of the fiscal year, Fujitsu Siemens Computers targets include: 5 percent revenue growth (at current exchange rates) and to continue to outgrow the market by at least 5 percent. The company's primary growth areas are defined as: Mobiles, servers, and supporting services.
*preliminary numbers
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About Fujitsu Siemens Computers:
Fujitsu Siemens Computers is the leading European IT provider with a responsible strategic focus on next-generation Mobility and Business Critical Computing products, services and solutions. With a portfolio of exceptional depth, our offering extends from handhelds through desktops to enterprise-class IT infrastructure solutions. Fujitsu Siemens Computers has a strong presence in all key markets across Europe, the Middle East and Africa. Leveraging the strengths, innovation and global reach of our joint shareholders, Fujitsu Limited and Siemens AG, we make sure we meet the needs of customers: large corporations, small and medium enterprises and private users.
For more information on Fujitsu Siemens Computers, please visit: www.fujitsu-siemens.com
PR Contacts:
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amy.flecher@fujitsu-siemens.com