Alcatel-Lucent Cuts Net Loss, Reports Success With ‘Shift Plan 2015′

Alcatel-Lucent Cuts Net Loss, Reports Success With ‘Shift Plan 2015′

Today, Alcatel-Lucent revealed that it had slashed its net losses by a third last year, sending its shares by nearly nine percent. As part of restructuring, Alcatel-Lucent would sell its subsidiary Enterprise to a Chinese firm.

The group, refocusing its business under a new chief executive after years of post-merger trauma, cut its net loss last year by about a third to 1.3 billion euros ($1.76 billion).

The company, concentrating on advanced Internet equipment, said that it had steadied sales figures at 14.4 billion euros at constant exchange rates.

The loss reflected mainly asset write-downs of 548 million euros, and restructuring charges as well as debt interest.

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