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General

Nokia revenues fall 13% in Q4, sees weak market in 2017

Thursday 2 February 2017 | 08:08 CET | News
Nokia reported a fall in fourth-quarter results, hurt by the weak equipment market and lower licensing revenue. Sales fell 13 percent year-on-year to EUR 6.715 bilion on a pro forma basis for the merger with Alcatel-Lucent. Networks revenue was down 14 percent to EUR 6.069 billion, and the licensing business, Nokia Technologies dropped 25 percent to EUR 309 million. Adjusted operating profit fell 27 percent from a year ago to EUR 940 million, and the margin dropped to 14.0 percent from 16.6. Over the full year, the operating margin reached 8.9 percent, at the high end of the company's

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Categories: General
Companies: Alcatel / Alcatel-Lucent / Nokia
Countries: World
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