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Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (2943)	1/31/2001 2:23:47 AM
From: Steve Fancy	Respond to of 3891

Alcatel Optronics posts record results for 4th Quarter and Full Year 2000 Paris, January 31, 2001 - Alcatel Optronics (Paris: CGO.PA and NASDAQ: ALAO), a leading supplier of optoelectronic components, today reported 4th quarter and full year 2000 results, recording a full year sales increase of 144% to Euro 432.3 million over 1999. Sales for 4th quarter increased by 126% over the corresponding period in 1999. "2000 has been a record year for Alcatel Optronics", said Jean-Christophe Giroux, CEO. "We set very high objectives and we have achieved them. Revenue and profitability have both grown significantly. We've been successful in moving up the vertical chain into integrated subsystems and in entering the passive market. We have leveraged our presence within our external customer base, which now represents over 30% of our sales. Our capacity has ramped up substantially and we will continue this effort throughout the year." "Looking forward, we are still seeing strong demand across all product lines, driven by sustained growth in terrestrial and submarine D-WDM systems and the widening acceptance of Raman technology, which was pioneered by Alcatel Optronics. Today, I have no reason to believe that we will not meet our 2001 targets of growing sales faster than the market to a range of 60 to 65% and of improving our profitability. The first quarter will be a bit slower than average, nevertheless, we are anticipating a growth in sales close to 100% over the corresponding period last year." 4th Quarter Sales for 4th quarter 2000 increased by 125.5 % to Euro 146.1 million compared with Euro 64.8 million in 4th quarter 99. Gross profit amounted to Euro 50.9 million, representing a gross margin of 34.8% compared with 40.6% in Q4 99. This decrease is due in part to a change in product mix as well as a higher depreciation charge related to capex spending for capacity expansion. SG&A amounted to Euro 9.4 million or 6.4% of sales and included a charge resulting from the implementation of SAP software. R&D amounted to Euro 10.9 million or 7.5% of sales. Income from operations was registered at Euro 30.6 million representing an operating margin of 20.9%. Net income increased to Euro 17.0 million compared with Euro 11.2 million in 1999. Net income (pre-goodwill and R&D in process) amounted to Euro 19.3 million. Full year 2000 Full year 2000 revenues increased by 144.1% to Euro 432.3 million compared with Euro 177.1 million in 1999. Gross profit amounted to Euro 155.5 million, representing a gross margin of 36.0% compared with 35.3% in 1999. SG&A amounted to Euro 24.3 million, or 5.6% of sales and R&D to Euro 36.1 million or 8.4% of sales. Income from operations amounted to Euro 95.1 million, representing an operating margin of 22.0%. Net income increased to Euro 37.5 million compared with Euro 16.1 million in 1999. Net income (pre-goodwill and R&D in process) amounted to Euro 61.9 million. Sales to external customers in 2000 represented 33% of total revenues, compared with 18% in 1999. .......... alcatel.com