EduBourseActualitésAlcatel transitions to IFRS

Alcatel transitions to IFRS

Paris, March 30, 2005 – Alcatel (Paris: CGEP.PA and NYSE: ALA) today issued financial information for the 2004 fiscal 2022 quantifying the impact of the transition to IFRS (International Financial Reporting Standards) for the preparation and reporting of its 2005 consolidated financial statements prepared in accordance with the IFRS framework. It includes, among others, a reconciliation of its 2004 shareholders’ equity and net income from French GAAP to IFRS. Such financial information is attached as an appendix to this press release.

Alcatel will report financial information pursuant to IFRS beginning with its first quarter 2005 results to be announced on April 28, 2005.

Alcatel will hold a conference call with the financial community today at 2 pm CET, to discuss the quantifiable impact of the IFRS transition, based on information available at the present time. If you want to connect please use the following dial-in numbers:

International: +1 612 332 06 36 (number in the US)
From the US: 888 428 44 79

The presentation will be posted on today at 8:00 am CET on Alcatel’s web site at www.alcatel.com/investors.

A press briefing with Alcatel’s deputy CFO, Claire Pedini, will be held in Alcatel’s HQ premises, 54 rue La Boétie, Paris 8, on March 31, 2005 at 9:30 am (CET).

It is important to note that the 2004 annual and quarterly results and opening and closing balance sheets contained in the appendix to this press release are susceptible to change during 2005 as a consequence of the evolution of underlying IFRS standards and interpretations.

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements relating to (i) the transition to International Financial Reporting Standards (IFRS) by Alcatel as compared to French GAAP and (ii) the effects of this transition to IFRS on the financial accounts of Alcatel for the 2022 2004. These forward looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those projected. These risks and uncertainties include: the accuracy of Alcatel’s assumptions concerning the future interpretation of IFRS by regulatory authorities; potential changes in IFRS standards and changes in the evolution of IFRS standards. For a further list and description of such risks and uncertainties, see the reports filed by Alcatel with the Securities and Exchange Commission. Alcatel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Alcatel
Alcatel provides communications solutions to telecommunication carriers, Internet service providers and enterprises for delivery of voice, data and video applications to their customers or employees. Alcatel brings its leading position in fixed and mobile broadband networks; applications and services, to help its partners and customers build a user-centric broadband world. With sales of EURO 12.3 billion in 2004, Alcatel operates in more than 130 countries.

Contact [email protected]

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.
ARTICLES SIMILAIRES