0
General

Nokia profit, sales fall in Q1 but guidance upbeat for 2018 on faster start to 5G

Thursday 26 April 2018 | 08:58 CET | News
Nokia said it faced a challenging first quarter and reiterated its guidance for lower earnings in 2018 as it puts more money into testing 5G services. For Q1, net sales fell 9 percent from the year before to EUR 4.9 billion, with sales declining 12 percent at Networks but rising 48 percent at Nokia Technologies, the company's licensing business. On a constant currency basis, net sales were flat, but Nokia said it sees the market improving in H2, thanks to a faster start to 5G.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Nokia
Countries: World
::: add a comment
This article is part of dossier

5G


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Nokia posts operating loss on weak Q1, still sees better H2

Published 25 Apr 2019 08:54 CET | World
Nokia reported a weak set of first-quarter results, moving back into the red as competition steps up for new 5G contracts. The ...

Nokia meets 2018 guidance after Q4 sales grow 3%, sees better results in 2019

Published 31 Jan 2019 09:55 CET | World
Nokia reported a solid finish to 2018, with fourth-quarter revenues up 3 percent year-on-year on both a reported and organic ...

Nokia plans more cost-cutting as Q3 margins fall

Published 25 Oct 2018 09:18 CET | World
Nokia has announced plans for another EUR 700 million in cost reductions, in order to meet its goal of raising the adjusted ...

Nokia sales fall 6% in Q2, sees better H2 as 5G roll-out starts

Published 26 Jul 2018 07:52 CET | World
Nokia saw its sales turn lower again in the second quarter, but said it expects the networks business to improve in the second ...

AT&T, Nokia gaan samenwerken voor snelle uitrol IoT grids

Published 08 Jun 2018 16:06 CET | World
AT&T en Nokia gaan samenwerken om de zakelijke klanten van de Amerikaanse provider te voorzien van Nokia's onlangs gelanceerde ...

Nokia Technologies chief to leave after completing sale of Digital Health unit

Published 31 May 2018 14:37 CET | World
Nokia announced that it has completed the sale of its Digital Health business, and as a result, the president of Nokia ...

Nokia board forms technology committee

Published 30 May 2018 16:26 CET | World
Nokia announced that its board has established a Technology Committee, to act as an advisory forum and to review the company's ...

Europe stuck in the middle as US-China telecom trade war looms

Published 30 Apr 2018 16:52 CET | Europe
The threat of a global trade war initiated by the US has spread to the telecom sector. From blocking takeovers, such as Qualcomm ...

Nokia ziet omzet en winst dalen in Q1

Published 26 Apr 2018 09:52 CET | World
Nokia heeft over het eerste kwartaal van dit jaar een omzet gerealiseerd van 4,9 miljard euro, 9 procent minder dan een jaar ...

Nokia launches Edge Cloud data centre aimed at meeting demands of 5G

Published 25 Apr 2018 15:57 CET | World
Nokia has launched an Edge Cloud data centre system aimed at meeting the demands of 5G, supporting both industry automation and ...

Nokia Bell Labs, NTT Docomo to trial 5G service using 90 GHz frequencies

Published 24 Apr 2018 14:36 CET | Japan
Nokia and Japanese operator NTT Docomo are collaborating at the Brooklyn 5G Summit to showcase a 5G innovation designed to ...

Nokia, KDDI trial LTE connected vehicle applications in Japan

Published 16 Apr 2018 10:07 CET | Japan
Nokia and Japanese operator KDDI have demonstrated the use of LTE in Japan to deliver connectivity for vehicles. The trials use ...

Nokia, Telia conduct Industry 4.0 trial in Finland with 5G

Published 13 Apr 2018 10:47 CET | Finland
Nokia, Finnish operator Telia and Intel successfully conducted an industrial trial leveraging the ultra-low latency, ...

Google in talks to buy Nokia in-flight broadband business - report

Published 11 Apr 2018 08:54 CET | World
Google is in talks to acquire Nokia's airplane broadband business, people familiar with the matter told Bloomberg. Google is ...

T-Mobile US confirms 5G roll-out to start in 2018

Published 27 Feb 2018 17:07 CET | United States
T-Mobile US announced at Mobile World Congress in Barcelona that it plans to start rolling out a 5G network this year. The ...

Nokia forecasts lower earnings in 2018 on costs of 5G trials

Published 01 Feb 2018 07:57 CET | World
Nokia reported higher fourth-quarter and full-year results for 2017, but said earnings will fall in 2018 due to extra costs for ...

AT&T, Verizon prepare for 5G commercial launch later in 2018

Published 04 Jan 2018 08:37 CET | United States
US operators are rushing to become the first to launch 5G services. AT&T announced that it expects to be the first with a launch ...





Calendar   /   Industry Events

28 Oct World Radiocommunication Conference
12 Nov Wi-Fi NOW International
13 Nov Sunrise Q3 2019
13 Nov Japan Display fiscal Q2
13 Nov Altice Europe Q3 2019
13 Nov TIP Summit
13 Nov Cable Congress
13 Nov 5G Expo North America
14 Nov Westell fiscal Q2
14 Nov Ice Group Q3 2019
14 Nov Cisco fiscal Q1
14 Nov Bouygues Telecom Q3 2019
14 Nov Nvidia Q3
14 Nov Weibo Q3 2019
14 Nov Bharti Airtel fiscal Q2
14 Nov Vodafone Idea fiscal Q2
14 Nov Telechoice Q3 2019
14 Nov TDC Q3 2019
18 Nov Bezeq Q3 2019
18 Nov Fortinet investors day
18 Nov CRU World Optical Fiber & Cable Conference
19 Nov Gilat Satellite Networks Q3 2019
19 Nov MTS Q3 2019
19 Nov Qualcomm analyst day
19 Nov Connected Germany
19 Nov Connections Europe
20 Nov Inmarsat Q3 2019
20 Nov Avaya fiscal Q4
20 Nov Poly investors day
20 Nov Netgear analysts meeting
::: More Calendar Items