Alcatel-Lucent has announced that it expects to see a €40 million loss in adjusted operating income for the second quarter of the year.
The communication technology firm, which expects revenues to top €3.5 billion, said that although there has been a good sequential growth in sales across a number of divisions, a slower than expected business mix improvement has had an impact.
The company said that plans to reduce fixed costs have been followed, with a drop of more than €100 million recorded in comparison to the same period of last year.
As it heads into the second half of the year, Alcatel-Lucent indicated that it believes there will be an improvement. However, the company has conceded that with the difficulties facing the economy as a whole, it has little chance of meeting its adjusted operating margin forecasts for 2012.
The company will reveal more details about its business performance on July 26 during its second quarter earnings presentation.
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