Alcatel-Lucent (ALU) Issues Q2 Warning; Won't Achieve Adj.-Operating Margin Goal for FY12

Based on analysis of second quarter preliminary financial results, Alcatel-Lucent (NYSE: ALU) expects Q2 2012 adjusted operating income to be a loss of around €40 million with revenues above €3.5 billion.

These figures reflect a good sequential growth in sales with all geographies and divisions growing but a slower than expected business mix improvement. Actions on fixed costs however remained strong with a decrease of more than €100 million compared to Q2 2011.

Looking ahead, based on the current order book, Alcatel-Lucent expects the second half of 2012 to be better than the first half, but in light of year-to-date performance and the difficult macro-economic environment, Alcatel-Lucent will not be able to achieve its previously announced adjusted operating margin guidance for the full-year 2012.

Alcatel-Lucent will provide further details on its business performance and full-year guidance during its second quarter earnings presentation on July 26, 2012.

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