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[alcatel-lucent] Ben Verwaayen, CEO, commented: “This quarter was about putting together the new Alcatel-Lucent. I am pleased with the customer response to our new direction and strategy. Their confidence in our capabilities is strong,as illustrated by our recent wins in 3G and LTE as well as the encouraging increase in our order intake in both North America and Asia Pacific”.

“As we discussed before, 2009 will be a year of transition. We are reshaping the company and aggressively pursuing our product portfolio rationalization, co-sourcing, working capital management and SG&A reduction programs”.

“While expected, given seasonality and tough market conditions, we are not pleased with the operating loss incurred in the first quarter. Our guidance for the year remains unchanged and we are taking appropriate actions”.

Revenues of Euro 3.598 billion, down 6.9% year-over-year
Adjusted gross profit of Euro 1.133 billion or 31.5% of revenues
Adjusted operating income of Euro (254) million or (7.1)% of revenues
Operating cash flow of Euro (43) million
Net debt of Euro (841) million as of March 31, 2009
Full-year 2009 guidance to break-even at the adjusted operating income level reiterated

Alcatel-Lucent First quarter 2009 results