Sony Corporation
6-7-35, Kitashinagawa
Shinagawa-ku, Tokyo, 141-0001 Japan
Telefonaktiebolaget LM Ericsson
SE-126 25 Stockholm
Sweden
PRESS RELEASE
JULY 15, 2003
Sony Ericsson reports strong increase in sales and
shipments for its two core business areas GSM and
Japanese standards
Tokyo and Stockholm, July 15 -- Sony and Ericsson today announced the financial
summary for the second quarter, ended June 30, 2003 of Sony Ericsson Mobile
Communications AB, the 50:50 joint venture of Sony and Ericsson. The company
reported improved operating results and a strong increase in sales and shipments for its
two core business areas; GSM and Japanese standards.
Units shipped in the quarter reached 6.7 million, which is 34% higher year-on-year and 23%
higher compared to the first quarter 2003. Net sales for the quarter were Euro 1.125 million,
representing year-on-year and sequential increases of 18% and 40%, respectively.
In the areas of strategic focus and in the wake of successful product launches, the GSM
business posted 84% year-on- year growth in shipments and Japanese standards shipments
increased 45% year-on-year. This business growth is attributable to a strengthened product
offering coupled with strongly improved supply and logistics performance.
Income before taxes excluding restructuring charges was Euro -45 million and Net Income
(excluding restructuring charges) was Euro -33 million, which represents year-on-year
improvements of Euro 53 million and Euro 50 million, respectively. Income before taxes
including restructuring was Euro -102 million and net income was Euro -88 million.
Numbers of units shipped (million)
Sales (EURO m.)
Income before taxes excl. restructuring costs
(EURO m.)
Income before taxes incl. restructuring costs
(EURO m.)
Net income incl restructuring costs (EURO m.)
Q2 2002
5.0
950
-98
-98
-83
Q1 2003
5.4
806
-113
-113
-104
Q2 2003
6.7
1.125
-45
-102
-88
SONY
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