Sony Ericsson Mobile Communications AB ("Sony Ericsson") announced
today that its net sales and net income before taxes in the first
quarter of 2009 continue to be negatively affected by weak consumer
demand as well as de-stocking in the retail and distribution
channels.
Although final results may differ, Sony Ericsson plans to ship
approximately 14 million phones during the first quarter of 2009 with
an estimated ASP (average selling price) of EUR 120. Gross margin is
expected to decline both year-on-year and sequentially. Net income
before taxes is estimated to be a loss in the range of EUR 340 - 390
million, excluding restructuring charges in the range of EUR 10 - 20
million.
Sony Ericsson will announce its first quarter, 2009 financial results
at 07.30 UK time/08.30 CET on April 17.
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Sony Ericsson is a top, global industry player with sales of around
97 million phones in 2008. Diversity is one of the core strengths of
the company, with operations in over 80 countries including
manufacturing in China and R&D sites in China, Europe, India, Japan
and North America. Sony Ericsson was established as a 50:50 joint
venture by Sony and Ericsson in October 2001, with global corporate
functions located in London. For more information about Sony
Ericsson please visit www.sonyericsson.com
CONTACTS:
Investors / Analysts
Ericsson Investor Relations
Gary Pinkham (Stockholm) +46 10 719 0858
Susanne Andersson (Stockholm) +46 10 719 4631
Sony Investor Relations
Gen Tsuchikawa (Tokyo) +81 3 6748 2180
Shinji Tomita (London) +44 20 7426 8695
Press / Media
Sony Ericsson Global Communications & PR
Aldo Liguori (London): +44 20 8762 5860
Merran Wrigley (London): +44 20 8762 5862
Email: press.global@SonyEricsson.com
This press release contains forward-looking statements that involve
inherent risks and uncertainties. We have identified certain
important factors that may cause actual results to differ materially
from those contained in such forward-looking statements. For a
detailed description of risk factors see Sony's and Ericsson's
filings with the US Securities and Exchange Commission, particularly
each company's latest published Annual Report on Form 20-F.
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