The Chief Executive of Huawei likened his company to a big tortoise after it announced its best ever financial figures.
Huawei’s 2013 revenues were up 8.5 percent year-on-year to €27.9 billion, while profit increased by more than a third to €2.5 billion.
Revenues in Europe, the Middle East, and Africa grew 9.4 percent to €9.9 billion thanks to the growth of infrastructure networks, professional services and smartphones.
The news comes after the company announced in January that it had procured €2.5 billion worth of components, engineering services and logistical services from Europe.
The China-based vendor saw growth across all its principal business units. Carrier network revenues were up four percent to €19.5 billion, after a number of smaller European operators – Denmark’s TDC, Manx Telecom in the Isle of Man and T-Mobile Netherlands – contracted Huawei to upgrade their networks in the past few months.
Huawei’s enterprise business unit were up by a third to €1.8 billion, while its consumer business unit saw sales grow 18 percent to €6.7 billion.
Eric Xu, Huawei’s Rotating and Acting CEO, said a “favourable” global macroeconomic and industry environment had helped the company to reach record sales and profits.
“Huawei has never been more closely connected to the world than it is now," he commented. “This level of connectivity has two implications.
“First, ICT technologies have been deployed in more than 170 countries and regions. Second, this connected world is reshaping politics, economics, business, and production at an incredible speed and with formidable force. ”
Looking ahead, Xu said the vendor’s goal is to build the world’s most efficient and integrated digital logistics system “to ensure full connectivity between people, people and things, and things and things”.
Xu hands over the Rotating CEO role to Guo Ping, Chairman of Huawei’s finance committee, on 1 April.
In a nine-page opus at the beginning of the company’s annual report, Permanent Chief Executive Ren Zhengfei described his company as being like “a big tortoise” and warned it was important that it stayed focused in order to catch up with “dragon spacecraft”.