Nokia reported Q1 revenues of €5,603m, down 8.6% yoy at comparable. Within the new reporting perimeter, the Ultra Broadband Networks segment went down by 11.8% yoy, due to a fall in Mobile Networks (€3,116m, -15.5%) partially offset by growth in the Fixed Networks business (€613m, +13.3% yoy); IP Networks and Applications came in at €1,452m, slightly up yoy (+1.3%), while Nokia Technologies witnessed a sharp decline (€198m, -27.5%) due to strong non-recurring effects
10 May 2016
Still difficult market conditions in wireless, which burden a solid execution
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Still difficult market conditions in wireless, which burden a solid execution
Nokia Oyj (NOKI:WBO) | 0 0 1.8% | Mkt Cap: 27,194m
- Published:
10 May 2016 -
Author:
Charles Bordes -
Pages:
3
Nokia reported Q1 revenues of €5,603m, down 8.6% yoy at comparable. Within the new reporting perimeter, the Ultra Broadband Networks segment went down by 11.8% yoy, due to a fall in Mobile Networks (€3,116m, -15.5%) partially offset by growth in the Fixed Networks business (€613m, +13.3% yoy); IP Networks and Applications came in at €1,452m, slightly up yoy (+1.3%), while Nokia Technologies witnessed a sharp decline (€198m, -27.5%) due to strong non-recurring effects