Nordic Business Report-April 13, 2006-Sony Ericsson reports 3-month pre-tax profit of EUR151m
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Swedish-Japanese telecomms solutions provider Sony Ericsson Mobile Communications AB (Sony Ericsson) reported on Thursday (13 April) a pre-tax profit of EUR151m on sales of EUR1.99bn for the financial quarter January-March 2006.
Both pre-tax profit and sales for the three-month period increased, respectively from EUR70m and EUR1.29bn, as compared to the corresponding period in 2005.
The number of units shipped increased to 13.3 million from 9.4 million units a year ago.
Average Selling Price (ASP) rose 4% to EUR149, reflecting the greater proportion of higher-end products entering the product mix due to the new phones for both KDDI and NTT DoCoMo in Japan.
Growth in the global handset market continued to outpace earlier expectations, and Sony Ericsson now forecasts the global market outlook for 2006 to be over 900 million units.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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