Nokia reported Q3 figures in line with expectations and confirmed its FY18 guidance which is mainly reassuring after a poor H1 18. The margins are picking up sequentially but posted a decline yoy due to price erosion exceeding cost savings, waiting for the 5G deployment from Q4. Mid-term prospects remain sound and the EPS growth cycle should develop according to the 5G ramp-up.
26 Oct 2018
Revenue stabilises amid gross margin erosion, waiting for 5G
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Revenue stabilises amid gross margin erosion, waiting for 5G
Nokia Oyj (NOKI:WBO) | 0 0 1.8% | Mkt Cap: 27,194m
- Published:
26 Oct 2018 -
Author:
Lionel Pellicer -
Pages:
3
Nokia reported Q3 figures in line with expectations and confirmed its FY18 guidance which is mainly reassuring after a poor H1 18. The margins are picking up sequentially but posted a decline yoy due to price erosion exceeding cost savings, waiting for the 5G deployment from Q4. Mid-term prospects remain sound and the EPS growth cycle should develop according to the 5G ramp-up.