Huawei H1 2015 sales increased 30%
Meng Wanzhou, Huawei CFO
Huawei said that its sales increased by 30 per cent in the first half of 2015, with the company citing “stable and healthy growth” across its operating units.
First half sales stood at CNY175.9 billion ($28.33 billion), and, according to Financial Times, growth was at its strongest for more than five years. Operating margin was 18 per cent, compared with 18.3 per cent in the first half of 2014.
The company also said it is “confident that we will maintain effective growth and steady and healthy development in all business segments in 2015”.
In its carrier business, “investment continued to pour into 4G network construction in China”, Meng Wanzhou , CFO, said.
“In addition, the growth in global data traffic drives investment in network capacity expansion, while carriers’ digital transformation pushes up investment in the ICT industry,” she continued.
For its consumer business, the company claims its “high quality products that offer a superior experience” have been well received by customers, while it has also established and reinforced its brand image in the mid-range and high-end markets.
“Huawei’s mid-range and high-end smartphones, Mate7 and P8 in particular, as well as Honor-branded phones, have made solid progress, helping us guarantee quality and sustainable growth in the consumer business,” Meng said.
And in its enterprise business, “our innovative products and solutions have laid the foundation for building strong competitiveness and been widely recognised by customers, and we have started to experience accelerated growth,” the executive noted.
The company did not reveal profit numbers.