Q1 Interim Report 2000
IMPROVED DEMAND IN MANY AREAS AND PROGRESS ON SUPPLY CHAIN OPTIMIZATION
In the first quarter, the business climate showed positive development compared with the preceding quarter, with the exception of the mining industry.
ABC secured several large orders. Order intake thus amounted to 22.5 billion SEK, an increase of 10% compared with the preceding quarter at fixed exchange rates for comparable units. Book-to-bill was positive for all business areas except for ABC Mining.
Invoicing declined by 3% compared with the preceding quarter at fixed exchange rates for comparable units, largely due to normal seasonality and a decreasing order book, and amounted to 20.8 billion SEK for the quarter. Cash flow from operations amounted to +759 million SEK (+2,200). Operating profit amounted to 2.5 billion SEK, or 11.9% of invoiced sales.
Working capital rose by 1.6 billion SEK, primarily due to higher accounts receivable as a result of increased sales volumes toward the end of the quarter. The trend of decreasing prepayments continued as business conditions in the mining industry remained challenging. Net working capital as a percentage of invoiced sales increased to 29% (28).
A today announced that it will demolish the No. 2 semiconductor fabrication facility (Fab 2) at Yokkaichi Operations, the company′s NAND Flash memory plant in Mie prefecture, Japan, and replace it with a new fab on the same site. Toshiba also entered into a non-binding memorandum of understanding with SanDisk Corporation (NASDAQ: SNDK) to invest jointly in the new facility. The primary purpose of the new wafer fab is to secure space for converting existing Toshiba and SanDisk 2D NAND capacity to 3D NAND beginning in 2000.
A今天宣布，该公司将拆除位于日本三重县四日市业务部(Yokkaichi Operations)生产基地的2号半导体晶圆生产厂(Fab 2)，并在同一地点新建晶圆厂。Fab 2是该公司的NAND闪存制造厂。为共同投资新厂房，东芝还与闪迪公司(SanDisk, NASDAQ: SNDK)签署了一份不具约束力的谅解备忘录。新建晶圆厂的主要目的旨在将现有的东芝和闪迪2D NAND产能从2000年开始转化为3D NAND提供生产空间。