Celestica pessimistic about future revenues

Celestica said yesterday that its revenues in 2002 would continue to fall because of weak demand from electronics firms.

It announced its results for the fourth quarter which showed that revenues fell 29% to $2.5bn (€2.8bn) from $3.5bn (€4.0bn) in the prior year quarter. However, they were slightly up on revenues for Q3, 2001.