Vocabulary:

leveraging the synergies – зд. использовать возможности сочетания ряда факторов

to the extent – пока…

chief financial officer – глава, руководитель финансового отдела компании (или главный бухгалтер)

CEO(Am.E); managing director(Br.E) – главный управляющий компании

TRANSLATION NOTES:

per-share earnings were 90 cents fully diluted up from 80 cents – доходность каждой акции возросла с 80 до 90 центов при полной эмиссии (или за счет выпуска новых акций).

diluted earnings per share (diluted EPS, DEPS) - разводненная прибыль на акцию, (чистая прибыль, приходящаяся на одну обыкновенную акцию, рассчитанная с учетом как находящихся в обращении обыкновенных акций, так и акций, которые могут быть выпущены при конвертации облигаций, привилегированных акций и некоторых других конвертируемых долговых обязательств, а также реализации варрантов на акции)

We continued our strong earnings momentum – зд. Мы по-прежнему получаем высокую прибыль…

При переводе сочетаний со словом momentum необходимо искать контекстуальный вариант, отталкиваясь от значения этого слова как физического термина: инерция движения, импульс, кинетическая энергия; очень часто при переводе подходит слово динамика. (См. часть Ш, раздел 2, § 4)

gather/gain momentum – набирать силу, темп

22. Ericsson Upbeat Despite Drop in Profits

Ericsson, the world’s largest telecoms equipment company, said net profit slipped for a second successive quarter, but expressed confidence in a stronger second-half performance.

The Swedish company said quarterly net profit dropped 2 per cent from SKr5.8bn ($795m) last year to SKr5.7bn, but was up 25 per cent compared with the first quarter of 2006. The decline was attributable partly to last year’s acquisition of Marconi, the UK equipment manufacturer, which contributed a SKr200m operating loss in the quarter.

The negative impact of the Marconi acquisition, combined with normal fluctuations in operations, pushed the operating profit margin to 18.7 per cent from 21.6 per cent last year, although this was up from 16.9 per cent in the first quarter.

Carl-Henric Svanberg, chief executive, said in an interview it was “logical to expect” the operating profit margin to move above the key 20 per cent level in the second half of the year.

He said the beneficial effects of the Marconi restructuring would start to be felt in the third and in the fourth quarters. “The rationalization measures have not taken effect yet,” he said.

Karl-Henric Sundstrom, chief financial officer, said these included the loss of 1,600 staff and the integration of products, facilities, information technology and the removal of overlaps.

Analysts backed this view. Per Lindberg, of Dresdner Kleinwort, said: “The operating margin should expand quite discernibly in the second half on the back of a seasonal rise in sales, rationalization gains from streamlining of Marconi and an improved business mix.”

Shares in Ericsson have suffered since margins contracted below the 20 per cent level. Its share price has dropped 16 per cent this year. It closed less than 1 per cent down yesterday at SKr22.80.

The slight decline in net profitability during the quarter masked strong growth in sales in most regions. Total net sales rose 15 per cent to SKr44.2bn, compared with SKr38.4bn in 2005. Asia-Pacific sales grew 55 per cent, while Western Europe was up 26 per cent compared with last year, thanks in part to the addition of Marconi. Central and Eastern Europe, the Middle East and Africa sales grew by 24 per cent, while North America dropped 42 per cent year-on-year.