Panasonic is heading in recordverlies of 7.8 billion euros

Panasonic is expected this fiscal year, on march 31st ends, a recordverlies to suffer from 7.8 billion euro. This is evident from the presentation of the results of operations for the third quarter. The loss is almost twice as high as a previous forecast.

Panasonic blames the deterioration in the forecast for the whole financial year to a number of factors. As a result, the sales of tvs and smartphones, and the company expects this year, almost 2.5 billion euros spent on reorganisation costs in the acquired Sanyo, including amortization of goodwill and shares.

Also pressing the effects of the tsunami of march 2011 in Japan and floods in Thailand heavily on the expected operating results for this fiscal year and is a large, post extra given due to custom tax rules in Japan. Also, the financial crisis in Europe as reasons.

Panasonic closed the third quarter on 31st december ended, with a loss of almost 2 billion euro, compared to a net profit of 398,1 million euro in the same period a year earlier. However, he did the business this quarter, a modest operating profit of 80.6 million euros to write down, compared to an operating profit of 948,2 million euros a year earlier.

The turnover, according to the new forecast from 79,7 billion euros, while first on a turnover of 82,7 billion euros for the customer. Despite efforts to reduce costs will be the operating profit amount to 298.7 million euros, while calculated was at 1.3 billion euros.