NOV 00] MARCONI NEWS
Marconi's £6bn Bulging Order Book
order books are bulging, with £6 billion of work brought in to
the company and profits and turnover have soared.
company’s results for the first half of the year have revealed
that turnover topped the £3 billion mark.
and acquisitions saw pre-tax profits go over £276 million, up
from £253 million – roughly in line with expectations.
the way was the communications business,
which is helping the firm boom. Marconi is planning to
build a new headquarters in Coventry, creating more than 2,000
Networks sales were £1,507 million (2000: £947 million), an
increase of 59 per cent. Optical Networks
sales were £631 million, an increase of 57 per cent
expenditure was £323 million (2000: £207 million), an increase
of 56 per cent.
operating profit, before exceptional items and goodwill
amortisation, increased by 7 per cent, or 26 per cent
like-for-like, to £320 million (2000: £299 million).
interim dividend of 1.9 pence per share up from 1.8 pence per
share last year has been announced by the directors.
on the results, George Simpson, Chief Executive of Marconi said:
trend of accelerating sales growth continued with yet another
half of strong top line performance. Underlying profitability
also grew ahead of sales.
momentum in order intake from our blue-chip customer base,
primarily of established network operators and Fortune 500
companies, supports a buoyant outlook.
we reported in our trading update in October, we remain
confident that our ongoing success will drive continued strong