By Chris Holbrook, 31 January 2001 16:42
NEWS Fourth-quarter profits rose 26 per cent to E426m (£270m), compared with E338m (£214m) for the same quarter the previous year. However, the company announced it expects sales growth in its telecoms division to fall as much as five per cent on earlier predictions of 25 per cent for the coming year. In a statement, Serge Tchuruk, CEO of Alcatel, added: "Alcatel's Telecom business will continue to expand even if a continually strengthening Euro could mechanically impact top line growth."
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