Monday, 18 June 2018

Nokia reports Q1 sales growth but networks earnings slide

By Nick Wood, Total Telecom
Thursday 30 April 15

Higher costs, increased competition offset strong revenue growth at equipment division.

Nokia reported on Thursday a 20% jump in group revenue but operating profit fell due to higher costs and competitive pressure at its network division. The Finnish equipment vendor generated sales of €3.2 billion in the three months to 31 March, compared to €2.7 billion a year earlier. All three businesses – Networks, the Here mapping division…

Nokia reported on Thursday a 20% jump in group revenue but operating profit fell due to higher costs and competitive pressure at its network division. The Finnish equipment vendor generated sales of €3.2 billion in the three months to 31 March, compared to €2.7 billion a year earlier. All three businesses – Networks, the Here mapping division…

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