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Tag: nokia sales
Nokia sales fall 7% in Q3 as mobile market softens
2016-10-27 07:46:00| Telecompaper Headlines
(Telecompaper) Nokia reported third-quarter pro forma sales down 7 percent year-on-year to EUR 5.95 billion, hurt by a slowdown in the mobile network market. Sales at the Networks business fell 12 percent annually to EUR 5.32 billion but were up 2 percent from the second quarter, in line with the company's forecast for sequential improvement. The licensing division Nokia Technologies did much better, more than doubling revenues to EUR 353 million thanks to the company's new agreement with Samsung. Adjusted operating profit fell 18 percent to EUR 556 million, and the margin of 9.3 percent was down from 10.7 percent a year ago but an improvement from 5.8 percent in Q2.
Tags: sales
market
mobile
fall
Nokia reports strong Q2 sales growth
2015-07-30 02:00:00| Total Telecom industry news
Finnish vendor on track to meet full-year targets; says Here review has reached 'advanced' stage.
Tags: sales
reports
strong
growth
Nokia sales up 20% to EUR 3.2 bln, network profit plummets
2015-04-30 08:45:00| Telecompaper Headlines
(Telecompaper) Nokia reported first-quarter sales from continuing operations up 20 percent from a year earlier to EUR 3.2 billion, with earnings per share improving by 25 percent to EUR 0.05 a share. First-quarter profit increased 65 percent to EUR 181 million from EUR 110 million in the previous year. Nokia attributed the results to strong performance at Nokia Technologies and its mapping business Here, with year on year sales at the two units up 103 percent and 25 percent respectively to EUR 266 million and EUR 261 million. However, good growth at its main telecom networks division was offset by plummeting profitability, helping to explain why the company agreed to buy rival Alcatel-Lucent earlier this month in a proposed EUR 15.6 billion deal. First quarter sales at Nokia Solutions and Networks were up 15 percent to EUR 2.67 billion, driven by a 47 percent increase in North America and a 31 percent rise in China. However, core operating profit at the unit fell 61 percent from a year ago to EUR 85 million, or 3.2 percent of sales, compared to 9.3 percent a year earlier. Nokia said profits dropped due to lower software sales, higher research and development costs and challenging conditions in Europe and Latin America, not to mention what it described as "strategic entry deals". The company said it expected some of the negative factors to ease in the second half of 2015 and forecast full-year operating margin at the unit to be around the midpoint of its long-term target of 8 percent to 11 percent.
Tags: sales
network
eur
profit
Nokia reports Q1 sales growth but networks earnings slide
2015-04-30 02:00:00| Total Telecom industry news
Higher costs, increased competition offset strong revenue growth at equipment division.
Tags: sales
reports
growth
networks
Nokia sees third-quarter turn to profit as sales grow after sale of phone unit to Microsoft
2014-10-23 22:52:53| Wireless - Topix.net
Nokia is showing signs that it has turned around its fortunes following the sale of its ailing cellphone unit to Microsoft. The slimmed-down Finnish company said Thursday that it made a third-quarter net profit of 747 million euros of the year, compared with a 91 million-euro loss in the same period last year.
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