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General

Nokia meets reduced FY outlook, sees 'transition year' in 2021 on 5G investment

Thursday 4 February 2021 | 08:57 CET | News
Nokia reported fourth-quarter sales down 5 percent year-on-year to EUR 6.6 billion, hurt by continued weakness in its Mobile Access business. The company's net result was a loss of EUR 0.46 per share, versus a profit of EUR 0.10 a year ago, due to a EUR 2.9 billion reversal of deferred tax assets in Finland. Nokia reported adjusted profits for the full year at the high end of its reduced outlook issued in October, while warning that 2021 would be a "year of transition" as it works on improving its position in the 5G market. 

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Categories: General
Companies: Nokia
Countries: World
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