Nokia Siemens revenues, opg margin down in Q2

Thursday 19 July 2012 | 12:34 CET | News
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Nokia Siemens Networks reported second-quarter sales down 12 percent from a year earlier to EUR 3.343 billion. The lower sales were attributed to weak operator spending, especially in Europe, as well as the reduced scope of the business, as the company exits some activities in order to focus on mobile broadband. This was offset somewhat by growth in services. Revenues rose only in the Asia-Pacific region, by 6 percent to EUR 1.028 billion, while Europe was down 12 percent to EUR 990 million. The adjusted operating margin reached 0.8 percent, down from 1.1 percent a year ago, but an

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Categories: Mobile & Wireless
Companies: Nokia / Nokia Siemens Networks
Countries: World
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